Zion Market Research has published a new report titled “Motion Control Market By Technology (Computerized Numerical Control And General Motion Control) for Automotive, Aerospace & Defense, Semiconductor & Electronics, Food and Beverage, Machinery Manufacturing, Oil & Gas, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2016 – 2022”
Sarasota, FL -- (SBWIRE) -- 01/05/2018 -- According to the report, global motion control market was valued at USD 16.54 billion in 2016 and is expected to generate revenue of USD 22.81 billion by end of 2022, growing at a CAGR of slightly above 5.7% between 2017 and 2022.
Global motion control market has been segmented on the basis of technology, application, and region. On the basis of technology, motion control market is classified into computerized numerical control and general motion control. Computerized numerical control is one of the leading segments of this market. This technology is widely used in motion control. CNC refers to how a machine controls its basic method of movement. CNC is the automation of machine tools that are operated by precisely programmed commands.
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On the basis of applications, machinery manufacturing dominated the market and acquired the significant share in overall motion control market in 2016. Semiconductor & electronics and automotive are expected to witness strong growth in upcoming years.
The motion controls market has grown at a rapid pace over the past few years and has witnessed stupendous growth during the forecast period. The market for motion controls is driven by a number of factors such as rising concern for industrial safety, increasing project by manufacturing companies, increasing demand for motion control for semiconductor & electronics, food and beverage, electrical, automotive, and machinery industries and growing economy. Furthermore, huge developments of automation sector along with rapid globalization have together increased the demand for this market. Moreover, demand from emerging economies such as China, India, and Brazil may open up the new opportunity in the motion control market in the forecast period.
Motion Control Market: Application Segment Analysis
Aerospace & Defense
Semiconductor & Electronics
Food and Beverage
Oil & Gas
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Asia Pacific motion control market dominated the overall demand in 2016 and it accounted for the significant share of the market. Asia Pacific is a fastest growing region on account of rapid industrialization in developing countries such as India, China, and Indonesia. North America and Europe is expected to grow at a significant rate during next few years.
Key players in the motion control market are Rockwell Automation Inc., Schneider Electric SE, Parker Hannifin Corp., Yaskawa Electric Corp., Moog Inc., Bosh Rexroth AG, Schneider Electric, Dover Motion, Parker Hannifin Corp, ABB, Altra Industrial Motion Corporation, and Siemens AG.
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