The Global Motion Control Market is forecast to grow by $5204.11 mn during 2022-2027, accelerating at a CAGR of 5.83% during the forecast period
Global Motion Control Market 2023-2027. The analyst has been monitoring the motion control market and is forecast to grow by $5204.11 mn during 2022-2027, accelerating at a CAGR of 5.83% during the forecast period.
New York, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Motion Control Market 2023-2027" - https://www.reportlinker.com/p03457052/?utm_source=GNW
Our report on the motion control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by integration of motion control systems with digital drives, increasing number of fulfillment centers, and growing automation of processing plants.
*The motion control market is segmented as below:*
By Application
• Metal and machinery manufacturing
• Packaging and labeling
• Robotics
• Semiconductor and electronics
• Others
By Product
• Electronic devices
• Actuators
• AC drives
• Motion controllers
• Others
By Geography
• APAC
• North America
• Europe
• Middle East and Africa
• South America
This study identifies the growing adoption of IoT in the motion control industry as one of the prime reasons driving the motion control market growth during the next few years. Also, increasing need for compact motion controllers and advent of quality 4.0 will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the motion control market covers the following areas:
• Motion control market sizing
• Motion control market forecast
• Motion control market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motion control market vendors that include ABB Ltd., ACS Motion Control Ltd., ADVANCED Motion Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp. Also, the motion control market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p03457052/?utm_source=GNW
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