• Fri. Jun 24th, 2022

Industrial Automation Motion Control Systems Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2017-2027

ByLinda W. Smith

May 20, 2022

Reports and data

The Industrial Automation Motion Control Systems market report sheds light on the changes in supply chains in the trends of upstream raw material downstream distributors.

NEW YORK, NY, USA, May 20, 2022 /EINPresswire.com/ — The global industrial automation motion control systems market is expected to grow by USD 16.68 billion by 2027. Factors associated with the market growth include increasing adoption of automation in most applications in industrial premises, emphasis on precision and accuracy, increasing investment in advanced and automated processes in the industrial sector and secure productivity measures in industrial premises due to strict security regulations imposed by governments.

It is extremely crucial to effectively manage all moving parts in an industrial control environment comprised of operational machinery and logistics systems. A wide range of servo drives, actuators and servo motors are integrated for the smooth operation of the entire system. With a colossal emphasis on high throughput, extreme durability and high load capacity, motion control systems are designed for the most rigorous demands of precision and precision industrial applications. Accumulated precision position feedback from the sensors is provided by a super-accurate linear scale. Alignment and precision mounting of the low thermal expansion scale in the middle of the stage reduces the impact of temperature changes on stage repeatability and accuracy.

Growing industrialization in developing countries in the Asia-Pacific region and greater progress in the research and development of semiconductors and microelectronics, the market is increasingly stimulated to create application.

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Major market players include Parker Hannifin Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Siemens, Bosch Rexroth AG, Rockwell Automation, Inc., Bosch Rexroth AG, Yaskawa, and The Schindler Group, among others.

Other key findings from the report suggest

• In June 2020, Parker Hannifin expanded its Parker Servo Drive (PSD) product portfolio with the launch of a fully programmable drive. The programmable intelligent servo drive is fully programmable via IEC 61131-3 with runtime based on widely distributed CODESYS V3.
• Automotive and aerospace, owing to their estimated highest use of industrial automation motion control, especially for flexibility in production and logistics, are major contributors to this market. In the context of end users, Automotive & Aerospace segment held the largest market share of 28.7% in 2019 and grew with a CAGR of 2.7% during the forecast period.
• Asia Pacific is expected to experience the fastest growth rate of 9.6% over the forecast period. The increasing application of motion control automation in most major industrial locations and huge development of automation system and semiconductor industry, especially in countries like China, Korea, South and India, are some of the factors which are increasing the growth of the market. in this region.

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For the purposes of this report, reports and data have been segmented into Global Industrial Automation Motion Control Systems Market on the basis of end users, system type, component and region:

End User Outlook (Revenue: USD Billion; 2017-2027)

• Metallurgy and manufacturing
• Chemicals and materials
• Semiconductor and electronics
• Automotive and aerospace
• Food and drinks
• Others

System Type Outlook (Revenue: USD Billion; 2017-2027)

• Open loop
• Closed loop

Components Outlook (Revenue: USD Billion; 2017-2027)

• Actuators and mechanical systems
• Engines
• Motion controllers
• Discs
• Sensor and feedback devices
• Software and services

Regional market analysis includes:

• North America (United States, Canada, Mexico)
• Europe (UK, Italy, Germany, France, Italy, BENELUX, Rest of Europe)
• Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
• Latin America (Chile, Brazil, Argentina, rest of Latin America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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What the Global Industrial Automation Motion Control Systems Report Offers:

• Comprehensive market analysis including risks and opportunities
• Details of business strategies and plans undertaken by major market players
• Analysis of current and future trends that will affect the growth of the market in the forecast schedule
• In-depth analysis of drivers and restraints for a better understanding of the market
• The report includes a detailed forecast for the years 2017-2027

Thank you for reading our report. For specific details on customizing this report, please contact us. We will ensure that the report you get is well suited to your needs.

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