Motion Control Market Size & Share [Latest 2024 Report]
Motion Control Market Size, Industry Analysis Report, 2024-2032

Motion Control Market Share, Size, Trends, Industry Analysis Report, By Components (Motion Controller, Actuators & Mechanical Systems, Electric Drives, electric drivers, AC Motors and Software); By Type; By End Use; By Region; Segment Forecast, 2024- 2032

  • Published Date:Feb-2024
  • Pages: 117
  • Format: PDF
  • Report ID: PM4489
  • Base Year: 2023
  • Historical Data: 2019 – 2022

Report Outlook

Motion Control Market size was valued at USD 15.02 billion in 2023. The market is anticipated to grow from USD 15.91 billion in 2024 to USD 25.59 billion by 2032, exhibiting the CAGR of 6.1% during the forecast period.

Industry Overview

Motion controllers are physical devices, often integrated with electrical components, designed to govern and regulate the movements of automated machinery. These controllers possess the capability to command specific sequences of actions on the axes they oversee. In essence, these controllers have the intelligence to govern electric drives, typically based on electric motors, as well as hydraulic or gas drives.

The motion control market growth is propelled by a convergence of factors driving its expansion. One of the primary catalysts is the growing demand for automation across various industries, aiming to enhance operational productivity and efficiency. As enterprises increasingly prioritize the optimization of manufacturing processes, motion control systems play a pivotal role by providing precise control over the movement of machinery and robotic systems.

The need for high-precision automated processes has been driven by the growing need for energy-efficient solutions to improve production processes in factories all over the world. Businesses can save costs associated with the product life cycle and boost productivity with the use of automated processes. Moreover, there is a growing need for high-quality motion control products; there will likely be an increase in demand for factory automation. It is therefore anticipated that the use of motion control solutions to reduce energy consumption and increase production will rise as a result.

  • For instance, in 2021, A compact, high-power density panel-mount FlexPro servo drive was introduced by ADVANCED Motion Controls. This tool provides excellent accuracy and precision when producing delicate electronics, which is utilized in the electronics manufacturing sector.

The sophistication of motion control solutions is further augmented by technological advancements, including the integration of advanced sensors and communication protocols, thereby contributing to the overall market growth. Furthermore, the emergence of smart factories, Industry 4.0 initiatives, and an increased focus on achieving heightened production quality and accuracy collectively contribute to the widespread adoption of motion control technologies.

Motion Control Market Size

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This is a crucial component in robotics. The growing use of robots in manufacturing, logistics, healthcare, and other sectors boosts the demand for advanced motion control technologies to ensure precise and controlled movement. This results in increasing demand for motion control increases the market share.

Key Takeaways

  • North America dominated the largest market and contributed to more than 33% of share in 2023
  • Asia pacific is expected to grow at fastest rate during the forecast period
  • By component category, the electric Drives segment accounted for the largest market share in 2023
  • By end use category, the pharmaceutical and cosmetics anticipated to witness the highest market share during the forecast period.

What are the market drivers driving the demand for Motion Control Market?

Increasing Demands for Industrial Robots

Increasing demand for Robotics applications in manufacturing facilities has grown significantly in recent years. They are used in assembly and inspection, processing, and material handling. Various motion control solutions are used in robotics to ensure proper functionality. However, industrial robots make manufacturing processes simpler, there is an increasing need for motion control, and thereby increasing the market share. Every industrial robot has some motion control, which improves productivity, lowers costs, and allows for new functions to be carried out during manufacturing processes.

Moreover, advanced motion control devices are becoming more popular due to the growing trend of warehouse automation and the expansion of other trends like edge computing, digital twins, and predictive manufacturing. Across the globe, robots are now a major automation trend. Robots are becoming a necessary part of modern car manufacturing. The rapid growth of companies such as Amazon and the increasing prominence of robots in the manufacturing sector, such as AGVs and collaborative robots has boosted the motion control market size.

Which factor is restraining the demand for?

High initial cost

The high initial investment required for implementing motion control systems, including hardware, software, and integration, may hinder the growth. This may act as a barrier for smaller businesses or industries with resource constraints. Integrating motion control systems into existing infrastructure can be complex and may require specialized knowledge. This complexity can slow down the adoption of motion control solutions, particularly in industries that need to be adapted to advanced automation technologies. These may create challenges in market expansion.

Report Segmentation

The market is primarily segmented based on components, type, end use and region.

By Components

By Type

By End Use

By Region

  • Motion Controller
  • Actuators & Mechanical Systems
  • Electric Drives
  • AC Motors
  • Software

 

  • Open Loop
  • Closed Loop

 

  • Aerospace
  • Automotive
  • Semiconductor
  • Electronics
  • Metal and machinery
  • Food and beverages
  • Medical devices
  • Pharmaceutical and cosmetics
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Category Wise Insights

 By Components Insights

Based on components market analysis, the market is segmented on the basis of motion controllers, actuators and mechanical systems, electric drives, AC motors, and software. The electric drives segment accounted for the largest market share in 2023. This is due to industrial automation becoming more and more important, and the Internet of Things (IoT) has emerged. Ongoing advancements in electric drive technologies, including improved efficiency, precision, and reliability, may drive the adoption of electric drivers in motion control applications. Electric drives are often favored for their energy efficiency compared to traditional mechanical drive systems. As industries focus on sustainability and energy conservation, electric drives may become a preferred choice, which contributes to significant growth in the motion control market.

By End Use Insights

Based on end-use analysis, the market has been segmented on the basis of aerospace, automotive, semiconductor, electronics, metal and machinery, food and beverages, medical devices, pharmaceutical and cosmetics, and others. Pharmaceuticals and cosmetics are anticipated to witness the highest market share during the forecast period. The pharmaceutical and cosmetics industries often have stringent regulatory requirements related to manufacturing processes. Motion control is often crucial in the packaging and labeling processes of pharmaceuticals and cosmetics. Precise control is necessary to ensure accurate packaging, labeling, and tracking of products. Both pharmaceuticals and cosmetics involve the production of products with specific formulations and precise dosages. These systems contribute to high-precision manufacturing, ensuring quality and consistency, which contributes to a rise in the growth of the market.

Regional Insights

North America

North America dominated the largest market share in 2023. Increasing industrialization has been the major factor driving the market growth for the motion control market. North America, particularly the United States, has a well-established and technologically advanced manufacturing sector. Industries such as automotive, aerospace, electronics, and machinery often have a high demand for motion control systems to enhance their manufacturing processes. The adoption of Industry 4.0 principles, which involve the integration of smart technologies and automation in manufacturing, may have been a driving force for the adoption of motion control systems in North America. This will result in increasing demand in the motion control market in the upcoming years.

Asia Pacific

Asia Pacific is expected to grow at the fastest rate during the forecast period. Many countries in the Asia Pacific region are undergoing rapid industrialization, due to increased demand for automation and motion control solutions in manufacturing processes. Asia Pacific is home to a diverse and expansive manufacturing sector, including industries such as automotive, electronics, and consumer goods. The increasing adoption of motion control technologies in these industries contributes to growth in market share. Several emerging economies in the Asia Pacific region, such as China and India, are witnessing substantial economic growth. This growth creates opportunities for investment in advanced technologies, including motion control, to enhance industrial processes. These illustrate increasing demand for the Motion Control Market to anticipate market growth during the forecast period.

Competitive Landscape

The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.

Some of the major players operating in the global market include:

  • ABB Group
  • Emerson Electric Co.
  • Estun Automation Co. Ltd
  • MKS Instruments Inc
  • Motion Control Co
  • Parker Hannifin Co
  • Rockwell Automation Inc
  • Schneider Electric
  • Siemens AG
  • STM Microelectronics

Recent Developments

  • In March 2023, Industrial Motion Corp. was successfully acquired by Regal Rexnord Corporation. Regal Rexnord's Power Transmission Technologies business saw a significant expansion of its current power transmission portfolio as a result of this acquisition, particularly in the industrial power train industry. Complementary motion control products like clutches, gears, and brakes expand the company's overall product and service offerings.

Report Coverage

The motion control market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.

The report provides detailed analysis of the market while focusing on various key aspects such as competitive components, type, end use and their futuristic growth opportunities.

Motion Control Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 15.91 billion

Revenue forecast in 2032

USD 25.59 billion

CAGR

6.1% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024– 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Components, By Type, By End Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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FAQ's

key companies in Motion Control Market are Estun Automation Co. Ltd, Motion Control Co, Emerson Electric Co, Siemens AG, Rockwell Automation Inc, Parker Hannifin Co

Motion Control Market exhibiting the CAGR of 6.1% during the forecast period.

The Motion Control Market report covering key segments are components, type, end use and region.

key driving factors in Motion Control Market are increasing Demands for Industrial Robots

The global motion control market size is expected to reach USD 25.59 billion by 2032