Motion Control Market by System (Closed-Loop System, Open-Loop System), Component (Hardware, Software & Services), Application, Industry - Global Forecast 2024-2030

Motion Control Market by System (Closed-Loop System, Open-Loop System), Component (Hardware, Software & Services), Application, Industry - Global Forecast 2024-2030

The Motion Control Market size was estimated at USD 15.92 billion in 2023 and expected to reach USD 16.92 billion in 2024, at a CAGR 6.51% to reach USD 24.77 billion by 2030.

Motion control, often called servo control or robotics, is a subset of automation that focuses on precisely managing the movement of various machine components. Motion control is a significant advancement in the industrial automation sector and the manufacturing business. Throughout the value chain, motion control can affect and impact various operations via machines, avoiding countless human mistakes and increasing production efficiency and effectiveness. The increasing deployment of advanced and automated processes, rising adoption of industrial robots, and stringent workplace safety rules are driving the growth of the motion control market. However, the associated huge cost for system maintenance and replacement, motion control failure issues, and the absence of skilled personnel may hinder the market growth. Nevertheless, favorable government investment and emerging innovative motion control products create a lucrative spectrum for the market in the forecast period.

Regional Insights

Americas represents a significant market for motion control technologies, driven by advanced manufacturing sectors, robotics, and automation adoption in the automotive, aerospace, and healthcare industries. Recent patents underscore innovations in wireless motion control systems and energy-efficient motors. Increased investment in automation by manufacturing sectors underlines the country's commitment to technological advancement. Consumer needs revolve around efficiency, reliability, and integration capabilities with existing systems. Canadian firms actively develop environmentally sustainable motion control solutions, reflecting a widespread national commitment to sustainability. The EU's emphasis on industrial automation propels the demand for innovative motion control systems. The EU's stringent energy consumption and emissions regulations drive the need for energy-efficient and precise control technologies. A notable investment in research focuses on integrating IoT and AI with motion control systems to enhance operational efficiency. The Middle East's motion control market is expanding, with significant investments in infrastructure and manufacturing sectors. The demand is characterized by high-performance systems for harsh environmental conditions. Ongoing initiatives aim to diversify the economy beyond oil, focusing on automation and smart technologies. On the other hand, Africa's motion control market is nascent but growing, with investment mainly in the industrial and agricultural sectors. The region presents untapped opportunities, with significant interest in affordable and rugged motion control solutions to improve productivity and efficiency. The Asia-Pacific motion control market substantially invests in automation technologies across manufacturing, electronics, and automotive industries. Furthermore, the Chinese government's Made in China 2025 initiative further fuels this growth, aiming at self-sufficiency in high-tech industries. Recent patents reveal a focus on precision and miniaturization of motion control devices. Countries in Asia-Pacific are leading players in robotics and precision equipment, driven by consumer electronics, automotive, and semiconductor manufacturing sectors. Furthermore, there is a rising demand for cost-effective and energy-efficient motion control systems, particularly in the automotive, pharmaceutical, and textile industries, blostering the market growth.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Motion Control Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising deployment of advanced and automated processes for factory automation
Increased demand for industrial robots in manufacturing process
Stringent workplace safety rules imposed by governments

Market Restraints

Requirement of huge capitals for motion control system replacement and maintenance

Market Opportunities

Favorable government investments for industry 4.0 revolution
Inttroduction of innovative motion control devices

Market Challenges

Failure issues of the motion control system and shortage of experienced workforce

Market Segmentation Analysis

Components: Burgeoning usage of actuators and mechanical systems critical for converting electrical signals into physical motion
Application: Evolving usage of motion control systems in metal-cutting applications

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Motion Control Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Motion Control Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

BYD Reveals DiSus Intelligent Body Control System, Exclusively for New Energy Vehicles

As the global demand for new energy vehicles continues to rise, BYD has developed DiSus an Intelligent Body Control System (IBCS) exclusively designed for these vehicles. This system provides a comprehensive range of features that improve the user experience while driving and, in turn, enhance the value of new energy vehicles in the market. The system integrates ultra-fast computing technology and intelligent suspension control to grant passengers a more comfortable ride with improved safety. Additionally, by integrating advanced motion control algorithms, it also reduces tire wear and extends tire life for a greater cost saving in the long run.

ITT Debuts Latest Innovations in Motion Control Components at ProMat 2023

ITT's recent unveiling of their motion control components at Promat 2023 marks a major milestone in the field of motion control. The new components feature cutting-edge technology that has been designed to streamline and enhance the performance of motion control systems for a variety of industries, including industrial automation and aerospace. ITT's innovations aim to enable customers to make more accurate, efficient, and cost-effective decisions when designing and operating these systems. The components come in various sizes, shapes, and materials to accommodate any application requirement. Additionally, they are reliable, durable, lightweight, and capable of withstanding extreme temperatures and pressures.

Greaves Cotton acquired motion-control systems player Excel Controlinkage

Greaves Cotton, the engineering company, recently announced the acquisition of Motion Control Systems Player Excel Controlinkage. This move reflects the company’s commitment to further expand its presence in the motion control market. The addition of Excel Controlinkage can enhance Greaves Cotton’s offerings by providing advanced and cost-effective solutions to its existing customer base. In addition, it also enables them to capitalize on the growing demand for sophisticated motion control systems in the Indian market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Motion Control Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Motion Control Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ADLINK Technology Inc., Adtech (Shenzhen) Technology Co., Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp. by Regal Rexnord Corporation, AMETEK, Inc., Apptronik, Inc., Baumueller-Nuermont Corp., Bosch Rexroth AG, Danfoss, Delta Electronics, Inc., Dover Motion by Invetech Pty. Ltd., Dynomotion, Emerson Electric Co., Galil Motion Control, Honeywell International Inc., KEB Automation KG, Kollmorgen Corporation, Mitsubishi Electric Corporation, NXP Semiconductors N.V., Omron Electronics LLC, Panasonic Corporation, Parker Hannifin Corporation, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Thorlabs, Inc., Trimanic Motion Control GmbH & Co. KG, Yaskawa Electric Corporation, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Motion Control Market to forecast the revenues and analyze trends in each of the following sub-markets:

System
Closed-Loop System
Open-Loop System
Component
Hardware
Actuators & Mechanical Systems
Drives
Motion Controllers
Motors
Sensors & Feedback Devices
Software & Services
Application
Material Handling
Metal Cutting
Metal Forming
Packaging & Labelling
Robotics
Industry
Aerospace & Defense
Automotive
Food & Beverages
Metals & Machinery Manufacturing
Pharmaceuticals & Cosmetics
Printing & Paper
Semiconductor & Electronics
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year