Motion Control Market Growth, Segmentation, Analysis and Opportunities 2023

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Market Research Future
Motion Control Market Research Report- Forecast
2023
Motion control is gaining a healthy momentum in
various industrial processes owing to the rise of
industrial automation. A recent study conducted
by Market Research Future (MRFR) finds that the
global market for motion control will surge at a
CAGR of 7.09 during the forecast period
(2018-2023). Motion control technology is a
combination of gesture responsive systems
consisting of hardware, software, motion
controllers, and sensors among others. Equipment
that support motion control are witnessing a
rapid boom owing to their endless benefits. They
are also allowing manufacturers to reach desired
performance levels. Industrial automation allows
manufacturers to divert manual resource where its
more needed. Moreover, it enables businesses to
achieve higher economies of scales. Such factors
are making a positive impact on the motion
control market. Motion control is viewed as a
prominent spike in the big wheel of automation.
Motion control robots are being increasingly
deployed in modern manufacturing facilities, they
are used for tasks such as packaging, inspection
and material handling. Integration of
programmable logic control (PLC) and human
machine interface (HMI) is likely to improve
factory automation process in the coming years.
In addition, these advancements will provide the
advantage of PC based control to the motion
control devices which includes flash memory to
store the program, RAM storage, battery backup,
remote control monitoring, and reduction in the
operational cost. https//www.marketresearchfut
ure.com/reports/motion-control-market-1929
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44 208 133 9349 (UK)
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Market Research Future
Regional Analysis of Learning management system
Market Motion control market has been covered
across regions such as North America, the Middle
East Africa (MEA), Europe, South America and
Asia Pacific (APAC). The market in APAC will
remain highly attractive throughout the forecast
period. In 2017, APAC motion control market stood
at USD 6,000 Mn and is projected to witness a
strong CAGR of 8.72 by 2023. Manufacturing
facilities in countries such China, Japan and
Indian are being upgraded to international
standards, which is creating opportunities for
the motion control market in the region. The
level of automation in the regions manufacturing
sector has been increasing rapidly in recent
years. Moreover, availability of low cost
motion-controlled products from domestic
manufacturers is influencing the markets growth
trends in APAC. Access Full Report _at_
https//www.marketresearchfuture.com/reports/motio
n-control-market-1929
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Market Research Future
Segments MRFRs report includes a thorough
segmental analysis of the market based on
application, industry, component and technology.
Based on application, the market has been
segmented into inspection, robotics, packaging,
material handling and others. The packaging
segment currently holds the largest share of the
market and is expected to retain its top position
over 2023. Based on industry, the market has been
segmented into aerospace defence, metals
machinery manufacturing, automotive, healthcare,
semiconductor electronics, oil gas and
others. The semiconductor electronics segment
is expected to exhibit the highest CAGR during
the forecast period and reach a valuation in
excess of USD 4,700 Mn. Based on component, the
market has been segmented into actuators
mechanical systems, motion controllers, electric
drives, AC motors, sensors and feedback devices
and other. In 2017, the motion controllers
segment accounted for USD 4,572.23 Mn and is
expected to witness a above-average growth over
the next couple of years. Based on technology,
the market has been segmented into pneumatic,
electromechanical actuation and hydraulic. Of
these, the electromechanical actuation segment
will remain highly lucrative during the
assessment period. The segment is likely to
surpass the market valuation of USD 10,000 Mn by
the end of the review period. Request a Sample
Report _at_ https//www.marketresearchfuture.com/samp
le_request/1929
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Market Research Future
Major Players in this Research The key players
in the market of motion control are- ABB Group
(Switzerland), Rockwell Automation, Inc., (U.S.),
Parker Hannifin Corporation (U.S.), Siemens AG
(Germany), STMicroelectronics N.V. (Switzerland),
Motion Control Corporation (U.S.), Schneider
Electric (France), Trio Motion (U.S.), Emerson
Electric (U.S.), AMETEK, Inc. (U.S.), Aerotech
Inc. (U.S.) among others. Know More about this
Report _at_ https//www.marketresearchfuture.com/pres
s-release/motion-control-market
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Market Research Future
About Market Research Future At Market Research
Future (MRFR), we enable our customers to unravel
the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. In order to stay
updated with technology and work process of the
industry, MRFR often plans conducts meet with
the industry experts and industrial visits for
its research analyst members. Know more
http//www.marketresearchfuture.com/about-us
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44 208 133 9349 (UK)