CHICAGO, August 17, 2015 /PRNewswire/ --
According to a new market research report "Motion Control Market by Component (Motors, Electric Drives, Motion Controllers, and AC motors), Technology (GMC and CNC), Application (Metal & Machinery, Semiconductors & Electronics, and Food & Beverage), and Geography - Global Forecast to 2020", published by MarketsandMarkets, the Motion Control Market is expected to reach USD 21.99 Billion by 2020, at a CAGR of 6.87%, during the forecast period.
Browse 69 Tables and 79 Figures spread through 177 Pages and in-depth TOC on "Motion Control Market"
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Various sectors such as aerospace & defense, automotive, semiconductor & electronics, metals & machinery manufacturing, and food & beverage utilize motion control systems to move an object from one place to another, in addition to controlling its acceleration, deceleration, or speed of motion. Increased demand for energy efficient solutions, enhanced production capacity, high level security, increased venture capital funding, and several initiatives taken by government bodies for industrial growth have led to the development of automation and industrial control systems across the globe. Motion control systems help in streamlining the workflows in various industries which help the latter achieve optimum efficiency. The metal & machinery manufacturing application held the largest share among all applications of motion control market followed by semiconductor & electronics. Motion control products such as motors, drives, and controllers which are requited in metal & machinery manufacturing applications are used to control speed, acceleration overload, and quick breaking which helps improve the performance of machine tools.
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This report describes the market trends, drivers, and challenges with respect to the global Motion Control Market as it is an emerging technology, in addition to forecasting the same from 2014 to 2020. The studied market has been segmented on the basis of technology, component, application, and geography. This report provides a detailed view of the market across geographies, namely, Americas, Europe, Asia-Pacific, and RoW. The APAC region dominates the market in terms of the market size and is expected to grow at the highest CAGR. Increasing demand for the energy efficient production coupled with the need for software systems is fostering the growth of the motion control market in the APAC region. The growth of the automation market in APAC is also one of the important factors driving the growth of the studied market.
The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations as well as agreements and partnerships across the value chain among a number of tier-one players around the globe.
The major players in this market include Siemens AG (Germany), Schneider Electric SE (France), Parker Hannifin Corporation (U.S.), ABB Ltd. (Switzerland), Yaskawa Electric Corporation (Japan), Moog Inc. (U.S.), Altra Industrial motion Corporation (U.S.), Bosh Rexroth (Germany, and Dover Motion (U.S.).
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