The North America Motion Control Market would witness market growth of 3.5% CAGR during the forecast period (2020-2026). Robotics is one of the major segments of industrial automation. The technologies like motion control are at the core of robotic designs. Industrial manufacturing is experiencing a massive transformation as it prepares the system for the future.
Motion control is expected to play a crucial role in driving the industrial manufacturing area in the coming years. The next-generation automated process in industrial manufacturing is important for future sustainability. It is being realized by businesses globally, and thus increasing the popularity of motion control. The motion control system is incorporated in several domains including automotive, healthcare, and aerospace among others. The distinctive nature of technology promotes its integration in a wide range of manufacturing applications.
Companies all across the globe are getting aware of the fact that the next-generation automated process is very crucial in manufacturing for future sustainability. This growing importance of the next-generation automated process is anticipated to boost the growth of the motion control market. Also, it is the need of the hour to satisfy the increasing need for greater adaptability and optimize the inclusive performance of equipment. Industry 4.0 is anticipated to drive the market growth of motion control. The Industry 4.0 definition has gained popularity in Europe and has been spread across many countries in the manufacturing sector. The introduction of Industrial Revolution 4.0 has promoted towards more and more implementation of automated equipment and machinery, this in turn support plants to work 24/7.
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Motion Control Market in North America is expected to register a CAGR of 3.5% 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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