The Latin America, Middle East and Africa Motion Control Market would witness market growth of 5.2% CAGR during the forecast period (2020-2026). In the automotive industry, high-end motion controllers are used to control the movements of mechanical parts in the manufacturing process. Safety motion control systems are widely used in the manufacturing of major components including driver and engines assistance systems. Most of the automotive suppliers rely on motion control systems for optimizing their production chains through robotic arms and actuators. Moreover, assembling and maintenance processes during manufacturing are also showing increased adoption of safety motion control systems.
The growth of the Motion control market (MCM) has augmented, owing to the use of machine tools, high-level automatic equipment, sensors, high-level medical equipment, and many others. The motion control system is a fundamental part of automated equipment. The quality products and high flexibility can be accomplished by combining automation and motion control products. The key trend that is observed in motion control technology is developing in the direction of smart technology, customization, and networking. MCM has resulted in increased manufacturing production, increased consistency, speed accuracy, integration automation, improved efficiency, elimination of hazards, and troubleshooting.
Major factors that are driving the growth of the motion control market are the increasing adoption of advanced and automated processes in manufacturing industries, the growing demand for industrial robots in manufacturing processes, and the easy integration of components in motion control systems. Though, the higher cost of replacement and maintenance is expected to hinder the market growth. Moreover, the Industrial Revolution 4.0 offers growth opportunities for the motion control market.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Motion Control Market in LAMEA is expected to register a CAGR of 5.2% 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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