Motion Control Market Size To Reach $27690 Million By 2026: Valuates Reports

- Advertisement -
- Advertisement -
  • It will grow at a CAGR of 4.6 per cent during 2021-2026
  • During the forecasted period, APAC is predicted to dominate the global market for motion control

The motion control market is projected to reach $ 27690 million by 2026 as per a report by Valuates Reports. It will grow at a CAGR of 4.6 per cent during 2021-2026 and its valaution will be $21190 million in 2020

It added that the major factors factors driving the growth of motion control market size include high adoption of advanced and automated processes in the manufacturing sector, safety-enabled productivity in the industry due to strict safety rules imposed by governments, increased demand for industrial robots in manufacturing processes, ease of use and integration of IIoT. Motion control is considered to be a crucial technical foundation for industrial robots.

It is necessary to measure the location of the object precisely in order to control the system operation. The incraesing demand for industrial robots in the manufacturing sector will help to fuel the demand for the market for motion control. The rising automation also drives the motion control market size by increasing efficiency and return on investment.

- Advertisement -

Automotive industry is expected to hold the largest motion control market share

The report added, “In order to satisfy the rising need for greater versatility and optimise the overall performance of equipment, Industry 4.0 is expected to fuel the growth of the motion control market size. The Industry 4.0 definition has grown in Europe and has been spread internationally in the manufacturing sector. The advent of Industrial Revolution 4.0 has resulted in the implementation of automated machinery and equipment, enabling plants to work 24/7.”

Based on application, the automotive industry is expected to hold the largest motion control market share. To deliver a stronger, cheaper product in less time, automotive manufacturers are updating systems, integrating inspection and networking capabilities, and taking advantage of integration. It said that global demand for motion control components such as servo drives, controllers, and motors is growing due to increased adoption in the automotive industry to increase the efficiency of the automotive industry’s production processes.

It added North America is expected to hold a considerable motion control market share based on the region due to the developments in global machinery production. During the forecasted period, APAC is predicted to dominate the global market for motion control. Demand for motion control in the area is growing due to rapid urbanization and increased investment in integrating advanced industrial technologies across the manufacturing industry.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...
XR Headset Quest 3, Meta

Global XR Headset Shipments See A Major Decline, Sony Rises

0
Sony grabbed a market share of 24% in 2023 up from 1% in 2022. Bulky form factor, and lag, hinder adoption by serious...

Buzz

Jitendra EV Plans Sodium-Ion E-2Ws In Two Years

0
Sodium-ion batteries primarily use table salt and forest industry biomass, making them more readily available domestically. Jitendra New EV Tech, an electric two-wheeler manufacturer based...
Tenstorrent- RISC V cores

MosChip Collaborates With Tenstorrent For Advanced RISC-V Cores

0
Tenstorrent has selected Moschip due to their tape out expertise in design services. India’s MosChip Technologies has announced partnership with computing company Tenstorrent and to...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

Important Sectors

Jitendra EV Plans Sodium-Ion E-2Ws In Two Years

0
Sodium-ion batteries primarily use table salt and forest industry biomass, making them more readily available domestically. Jitendra New EV Tech, an electric two-wheeler manufacturer based...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Subsidy Cuts Push E2W Makers Towards Budget Models

0
Electric two-wheeler manufacturers face reduced government subsidies and growing competition from established petrol vehicle brands in the upcoming fiscal year. These challenges compel them...

Manufacturing

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...

Servotech Boosts India’s EV Charging Infrastructure With Manufacturing Facility

0
The new facility is poised to start with an annual production capacity of 24,000 power modules and plan to scale up to 2.4 lakh...