Motion Control Market Size, Share & Industry Trends

Updated on : Oct 22, 2024

The global motion control market size is estimated to be worth USD 16.5 billion in 2024 and is projected to reach USD 21.6 billion by 2029, growing at a CAGR of 5.5% during the forecast period from 2024 to 2029.

The motion control market is experiencing significant growth due to a confluence of factors propelling its expansion. One of the primary drivers is the escalating demand for automation across diverse industries seeking enhanced operational efficiency and productivity.

As businesses increasingly prioritize streamlined manufacturing processes, motion control systems play a pivotal role in providing precise control over the movement of machinery and robotic systems. Technological advancements, such as the integration of advanced sensors and communication protocols, contribute to the sophistication of motion control solutions, further fueling market growth. Additionally, the rise of smart factories, Industry 4.0 initiatives, and a growing emphasis on achieving improved production quality and accuracy amplify the adoption of motion control technologies.

Motion Control Market Statistics Forecast to 2029

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Motion Control Market Trends

Driver: Rising need for high-end automation across industries

The increased demand for energy-efficient solutions to enhance production processes in factories across the globe has fueled the demand for high-precision automated processes. Automated processes help companies increase productivity and lower product life cycle costs.

The adoption of motion control solutions is growing in many industries, but the major adoption is observed in the electronics & semiconductor, food & beverage, automotive, and chemical industries.

The demand for factory automation is expected to grow due to the increasing requirement for high-quality motion control products. This, as a result, is projected to increase the use of motion control solutions to minimize energy consumption and maximize production. For instance, in 2021, ADVANCED Motion Controls launched a small-sized panel-mount FlexPro servo drive with high power density. This device is used in the electronics manufacturing industry to offer high accuracy and precision while manufacturing sensitive electronics.

Restraint: Heavy maintenance and replacement costs associated with motion control systems

The complexity of troubleshooting and servicing motion control systems can lead to substantial expenses in terms of both time and resources. Additionally, the need for periodic upgrades or replacements to keep up with evolving technologies further contributes to the overall cost burden on businesses.

This financial challenge poses a significant barrier for some industries, particularly smaller enterprises, limiting their ability to fully embrace and invest in motion control solutions. As the market continues to address these cost-related challenges, finding more cost-effective maintenance models and exploring innovative approaches to mitigate replacement expenses will be crucial for broader and sustained adoption of motion control systems across diverse industrial sectors.

Opportunity: Adoption of Industry 4.0 principles for manufacturing

Industry 4.0 refers to the fourth industrial revolution, which means the merging of traditional automation with information technology. It is described as the computerization of manufacturing processes. Industry 4.0 is driving the demand for smarter motion control systems to meet the growing need for higher flexibility and maximize overall equipment effectiveness. The concept of Industry 4.0 evolved in Europe and has been extended to the manufacturing sector globally.

The introduction of Industrial Revolution 4.0 has led to the adoption of automated equipment and machinery, allowing plants to function 24/7. Industry 4.0 is characterized by the use of a number of modern technologies and highly automated production processes that require the installation of several sensors and components for efficient functioning. With the help of Industry 4.0, smarter motion control systems automatically adjust the changing demands of production processes by maintaining seamless real-time communication between devices and enterprise networks. Several manufacturing companies are using the Industry 4.0 concept to operate on a large scale and continuously without the necessity of human intervention. Hence, in cases where there is a requirement for human intervention, machines need to have a mechanism to detect human presence and take precautionary actions to avoid accidents.

Challenge: Designing flexible, scalable, and low-cost motion control systems

The demand for versatility in applications across various industries requires motion control systems to be adaptable to different environments, machinery, and operational requirements. Achieving scalability is crucial to accommodate the varying scales of industrial processes, from small-scale operations to large-scale manufacturing facilities.

Simultaneously, the imperative for cost-effectiveness in the design and implementation of motion control systems is essential for widespread adoption, especially among smaller enterprises with budget constraints.

Striking the right balance between flexibility, scalability, and affordability involves navigating technical complexities, optimizing manufacturing processes, and leveraging innovative design approaches to ensure that motion control systems can meet diverse industry needs while remaining economically viable for a broad range of users.

Motion Control Market Ecosystem

Motion Control Market Segmentation

Motion Control Companies: Key Trends

ABB (Switzerland), FANUC Corporation (Japan), Siemens (Germany), Yaskawa Electric Corporation (Japan), and Mitsubishi Electric Corporation (Japan) are the top players in the motion control market. These motion control companies boast motion control trends with a comprehensive motion control product portfolio and solid geographic footprint.

Global Motion Control Market Segment Overview

Drives to grow at the highest CAGR in the industrial motion control market offering segment during 2024-2029.

The surge in demand for motion control solutions across various industries, coupled with the rapid evolution of manufacturing processes toward automation and smart technologies, is driving the prominence of drives. Specifically, servo drives, and variable frequency drives are witnessing increased adoption due to their pivotal role in achieving precision, speed, and energy efficiency in motion control applications. These drives play a crucial role in regulating and controlling the speed and torque of motors, facilitating seamless automation in diverse industrial settings.

As industries prioritize the optimization of production processes and seek to enhance overall operational efficiency, the demand for advanced drive motion control technologies within the Motion Control Industry is expected to escalate, making it the focal point for significant growth within the offering segment.

Pharmaceuticals and cosmetics industries grew at the highest CAGR during the forecast period.

In pharmaceuticals and cosmetics sectors, stringent regulatory requirements and a growing emphasis on precision and quality control are steering the adoption of advanced motion control solutions. The pharmaceutical industry is leveraging motion control technologies to enhance the efficiency of manufacturing processes, ensuring accurate dosage formulations and minimizing errors.

Similarly, the cosmetics industry is embracing motion control for the precise handling and packaging of products, responding to the demand for intricate and customized cosmetic formulations.

The integration of automation, robotics, and precise motion control mechanisms in these industries not only ensures compliance with stringent standards but also contributes to increased production throughput and motion control product innovation. As both sectors continue to prioritize technological advancements and operational excellence, the Motion Control market is set to experience robust growth fueled by the unique requirements and opportunities presented by pharmaceuticals and cosmetics manufacturing.

Asia Pacific is expected to grow at the highest CAGR in the industrial motion control industry during the forecast period.

The Motion Control Market is set for robust expansion, with the Asia Pacific region emerging as the focal point for the highest growth.

The dynamic industrial landscape, rapid technological advancements, and an increase in manufacturing activities across nations such as China, India, Japan, and South Korea are key factors propelling this growth. As industries in the region increasingly adopt automation and Industry 4.0 initiatives, there is an unprecedented upswing in the demand for motion control solutions.

The automotive, electronics, and manufacturing sectors are propelling the adoption of motion control technologies to improve production efficiency and maintain a competitive edge. Additionally, the rising demand for consumer electronics, along with the growth in e-commerce and logistics, further drives the need for precise motion control systems.

The Asia Pacific's strategic focus on innovation, combined with the expanding industrial infrastructure, establishes the region as a crucial player in the accelerated growth of the Motion Control Market, positioning it as a key hub for technological advancements and market expansion.

Motion Control Market Statistics by Region

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Top Motion Control Companies and Market Players

The major motion control companies in the motion control companies include

• ABB (Switzerland),
• FANUC Corporation (Japan),
• Siemens (Germany),
• Yaskawa Electric Corporation (Japan), and
• Mitsubishi Electric Corporation (Japan). These companies have used both organic and inorganic growth strategies such as motion control product launches, acquisitions, and partnerships to strengthen their position in the motion control market.

Motion Control Market Report Scope

Motion Control Industry Highlights

In this report, the overall motion control market has been segmented based on offering, system, industry and region.

Recent Developments in Motion Control Industry

• In March 2023, Regal Rexnord Corporation successfully finalized the acquisition of Altra Industrial Motion Corp. Through this acquisition, Regal Rexnord's Power Transmission Technologies business experienced a substantial augmentation of its existing power transmission portfolio, notably in the industrial powertrain sector. The addition of complementary motion control products such as brakes, gears, and clutches enhances the overall capabilities and offerings of the business.
• In May 2023, Mitsubishi Electric Corporation and MOVENSYS Inc. forged a strategic business alliance to enhance cooperation in their individual AC servo and motion control endeavors. This partnership is designed to enable Mitsubishi Electric to broaden its AC servo business, specifically focusing on semiconductor manufacturing equipment and other applications.
• In February 2022, Siemens launched a Simatic Drive Controller for CPUs. This new controller combines a Simatic S7-1500 controller with motion control technology and safety functionality with a Sinamics S120 drive control in one device, thereby saving space.

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