The Asia Pacific Motion Control Market would witness market growth of 4.7% CAGR during the forecast period (2020-2026). Over the past few years, the trend in digitalization has taken off strongly. Modern automation components are necessary to support digitalization trends. This requires memory, integrated connectivity, and processing capabilities that facilitate an easy interface and data transfer between a chain of automation components like programmable logic controllers (PLCs), human-machine interface (HMI), sensors, motion control equipment, as well as MES and edge-computing devices. Digitalization allows asset owners and service organizations to take quick, and informed decisions.
The main components of motion control products are motion controllers, motors, drives, and robotics. Motion control systems are widely used to automate processes, and to achieve higher efficiency margins in production and assembly, that is why a large number of companies are adopting robotics and conveyor systems. Thus, many motors are used in these applications in order to control the process.
The growing adoption of Industrial IoT (IIoT) and the increasing number of smart factories are major factors leading to the growth of the market. Smart factories are focused to adopt safety motion control products because safety products are the main architect of smart factories. Moreover, the industrial IoT has also increased the demand for connected machines in the industries. Only connected machines are not enough to achieve pure digital transformation; therefore, organizations are establishing a seamless ecosystem of machines and humans to get optimized performance, end-to-end processes.
Based on System, the market is segmented into Closed Loop and Open Loop. Based on Component, the market is segmented into Motors, Actuators & Mechanical systems, Motion Controllers, Sensor & Feedback Devices, Drives and Others. Based on End User, the market is segmented into Automotive, Food & Beverage, Semiconductor & Electronics, Medical, Pharmaceuticals & Cosmetics, Metal & Machinery Manufacturing, Aerospace & Defense and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Motion Control Market in Asia Pacific is expected to register a CAGR of 4.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Robert Bosch GmbH, Mitsubishi Electric Corporation, Parker-Hannifin Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Omron Corporation, FANUC Corporation and Yaskawa Electric Corporation.
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Companies Profiled
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