Motion Control Market: Global Industry Analysis and Forecast 2018 – 2022

The motion control market is expected to be valued at USD 22.84 Billion by 2022, growing at a CAGR of 5.5% between 2016 and 2022. The growth of this market is propelled by the adoption of advanced and automated processes for factory automation, safety-enabled productivity in industries, increasing demand for industrial robots in manufacturing processes, and ease of use and integration of components within motion control systems.

Motors are expected to hold a large share of the overall motion control market in 2016. In motors, variable-speed drives are used to control speed, torque, position, or acceleration wherever required. Motors find wide application in aircraft, aircraft turbines, compressors and pumps, guided missiles, factory and industrial automation, and other motion control operations. The market for AC motors is expected to grow at the highest rate between 2016 and 2022 as AC motors are used in motion control applications which require high-precision positioning devices such as modern robots, ammonia, and air compressors; motor-generator sets; and continuous rolling mills, along with paper and cement industries.

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The packaging application accounted for the largest share of the motion control market. Also, the market for the same is expected to grow at the highest rate during the forecast period. Packaging involves number of applications such as sealing, labeling, case packing, bundling, shrinking wrappers, and indexing tables of products. In labeling, the packages require precise tension and position control which requires motion control technology such as motion controllers and drives. Therefore, motion control systems help not only in improving the throughput but also in reducing the company cost in long run.

The metal and machinery manufacturing industry is expected to dominate the market during the forecast period. Automated systems in this industry focus on optimum performance of the equipment used to perform repetitive tasks. Thus, their accuracy and path-following capabilities provide precise results repeatedly, with greater flexibility than the other dedicated cutting machines with the help of motion control. The market for the semiconductor and electronics industry is expected to grow at the highest rate. Increasing complexity in semiconductor and electronic equipment manufacturing is driving the need for high-tech motors, drives, and motion controllers. Motion control components such as motors, controllers, and drives are important in the manufacturing process since they make automation more efficient which enables companies to launch new products in the market at affordable prices.

One of the key restraining factor for the motion control market is high replacement and maintenance cost. The key market players such as Siemens AG (Germany) and Parker Hannifin Corp (U.S.) are focusing on new product launches and developments to enhance their product offerings and expand their business.

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