The global motion control market is expected to generate $23,286.4 million by 2030, witnessing a 5.1% CAGR during 2021–2030. The increasing demand for industrial robots and the integration of components with motion control systems, along with the digitization of manufacturing processes and emergence of advanced motion control standards and protocols are the key factors driving the demand for such solutions.
Moreover, the deployment of integrated communication systems across industries, especially semiconductor, electronics, and medical devices, is pushing market players to introduce new motion controllers. Furthermore, the implementation of AR for the on-the-job training of factory workers and for providing access to off-site expertise is the new trend.
The automotive industry is the largest end user of such solutions, followed by the semiconductor and electronics industry. The emergence of autonomous driving technologies is a major factor contributing to the rapid adoption of motion control systems in this industry.
Additionally, the semiconductor and electronics industry is expected to grow at the highest CAGR during the forecast period, because of the increasing development of microelectronics and rising demand for high-tech motors, drives, and motion controllers.
The APAC motion control market is the largest in the world, generating more than 50% of the global market revenue in 2021, and it is likely to grow the fastest during the forecast period. This growth is attributed to the increasing number of manufacturing facilities, especially of automotive companies, in regional economies. For instance, Hyundai Motors inaugurated its manufacturing plant in Indonesia in March 2022, while Porsche has announced a 2022 opening of a production site in Malaysia. Moreover, Tesla is in discussion with the Government of Indonesia to set up a new EV manufacturing plant and battery production facility.
China and Japan account for the two largest market shares in the region. Policies taken by the government, such as ‘Made in China 2025’, that focus on industrial robots and CNC tools, and the growing chemical industry are the key factors contributing to the Chinese market growth.
In recent years, motion control companies have been involved in launching new products to improve their standing in the market. For instance:
Major players in the motion control market include ABB Ltd., FANUC Corporation, Parker Hannifin Corporation, Rockwell Automation Inc., Siemens AG, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and Robert Bosch GmbH.