Global Motion Control Market 2024 – Industry Size, Growth, Share, Top Key Players | ABB Ltd., Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, Yaskawa Electric Corporation

Overview and Scope
Motion control refers to the automation process that deals with moving individual parts of a machine in a controlled manner to ensure that they move precisely and correctly so that the machine or device functions as intended. That encompasses and improves every technology related to controlling the movement of objects commonly used in packaging, production lines, and assembly industries where the accuracy of movement is of vital importance.

Sizing and Forecast
The motion control market size has grown strongly in recent years. It will grow from $15.91 billion in 2023 to $16.82 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to innovation in entertainment and gaming, industrial automation growth , demand for robotics , increase in manufacturing activities, emphasis on precision and efficiency ..

The motion control market size is expected to see strong growth in the next few years. It will grow to $20.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, rise in robotics and automation, expansion in industrial iot , demand for precision engineering, energy efficiency focus.. Major trends in the forecast period include safety innovations, expansion in electric vehicles , healthcare automation, food processing automation, entertainment and gaming integration ..

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Segmentation & Regional Insights
The motion control market covered in this report is segmented –
1) By Type: Computerized Numeric Control, General Motion Control, Servo drives, Position control hardware
2) By Component: Actuators and Mechanical Systems, Motion Controllers, Electric Drives, Ac Motors, Sensors and Feedback Devices
3) By Application: Metal Cutting, Metal Forming, Material Handling Equipment, Robotics, Semiconductor Machinery, Rubber and Plastics, Machinery, Other Applications
4) By Industry: Aerospace and Defense, Automotive, Semiconductor and Electronics, Metals and Machinery Manufacturing, Food and Beverages, Medical, Printing and Paper, Pharmaceuticals and Cosmetics, Other Industry

Top Major Players

ABB Ltd.

Fanuc Corporation

Mitsubishi Electric Corporation

Siemens AG

Yaskawa Electric Corporation

Asia-Pacific was the largest region in the motion control market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The surging adoption of automation in manufacturing facilities is expected to propel the growth of the motion control market going forward. Automation refers to the use of technology such as robots to automate tasks without manual intervention. Many industries are adopting motion-control robots to achieve maximum automation and efficiency in operations. Integration of motion control robots in manufacturing industries provides the advantage of improving productivity, quality, and safety of workers by reducing errors and waste and adding flexibility to the manufacturing process. For instance, in March 2022, according to the Manufacturing India article, an India-based agency that provides new related information to various industries, including production, automation updates, manufacturing, and automation updates, reported that wide adoption of automation had been seen in Indian manufacturing industries, and it was estimated that by 2050, approximately 85–90% of manufacturing firms in India will have adopted automation in operations. Therefore, the surging adoption of automation in manufacturing facilities is driving the growth of the motion control market.

Key Industry Players
Major companies operating in the motion control market report are ABB Ltd., Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, Yaskawa Electric Corporation, Altra Industrial Motion, Parker Hannifin Corporation, Rockwell Automation Inc., Robert Bosch GmbH, Dover Motion, Omron Corporation, Novanta Inc., AMETEK Advanced Motion Solutions, Galil Motion Control, Schneider Electric SE, Emerson Electric Co., STM Microelectronics, Bosch Rexroth AG, Kollmorgen, Moog Inc., Aerotech Inc., Delta Electronics, Advanced Motion Controls, Copley Controls, Elmo Motion Control, Faulhaber Group, Harmonic Drive LLC, KEB America, LinMot USA, Maxon Motor AG

The motion control market report table of contents includes:

1. Executive Summary

2. Motion Control Market Characteristics

3. Motion Control Market Trends And Strategies

4. Motion Control Market – Macro Economic Scenario

5. Global Motion Control Market Size and Growth

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32. Global Motion Control Market Competitive Benchmarking

33. Global Motion Control Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Motion Control Market

35. Motion Control Market Future Outlook and Potential Analysis

36. Appendix