Insights into the motion control market
June 2024
Motion Control & Drives
The global motion control market is anticipated to reach $24,66 billion by 2030, expanding at a CAGR of 5,9%. This growth is driven by increased use of industrial robots in manufacturing for tasks such as grouping, packing and picking. Additionally, the rise in factory automation and machine-controlled processes has significantly boosted demand for motion controllers.
Key market trends
Industry 4.0 integration: Motion control systems are being enhanced by connectivity and data-driven decision making. Integration with IoT sensors, AI algorithms, and predictive analytics allows for real-time monitoring and adjustment, minimising downtime and optimising efficiency. This adoption fosters the development of collaborative and autonomous robots with advanced motion control capabilities.
Collaborative robots: Industry 4.0 technologies are leading to the creation of robots that can safely work alongside humans. These robots adapt to changing environments, perform intricate tasks, and contribute to a flexible and productive production ecosystem.
Market highlights
• Closed-loop systems dominated the market segment with a 51,4% share in 2023. These systems are essential for industries requiring high precision and accuracy, offering functionalities like predictive maintenance and adaptive control.
• The drives segment is expected to grow at the fastest CAGR, driven by increased automation aimed at enhancing efficiency and productivity. Drives optimise motor performance and energy consumption, aligning with global energy goals like the Net Zero Emissions by 2050 scenario.
• The material handling application segment is projected to grow significantly as providers switch from pneumatic and hydraulic motion control to electric systems. This shift supports the increasing automation of axes and linear actuators for handling heavier loads.
• The automotive sector dominated the industry vertical segment in 2023, heavily relying on automation to enhance production efficiency and precision. The rise of electric, autonomous and connected vehicles necessitates advanced manufacturing technologies and stringent safety standards, met through precise motion control systems.
• The Asia-Pacific Region accounted for a 44,6% market share in 2023, driven by the adoption of robots in manufacturing, government initiatives to promote industrial automation, and investments in modernising production facilities.
For more information contact Research and Markets, +353 1 416 8900, www.researchandmarkets.com
Further reading:
New torque sensors for fastening applications
Spero Sensors & Instrumentation
Motion Control & Drives
Sensor Technology, a global leader in innovative torque and load measurement solutions, has launched its latest advancement in torque sensing technology.
Read more...
Tough chain and induction hardened sprockets
Bearing Man Group t/a BMG
Motion Control & Drives
BMG’s Tsubaki Titan chain series offers significant improvements in wear life, particularly in demanding applications like abrasive and dusty conditions.
Read more...
Innomotics powers largest heat pump system in the Netherlands
Motion Control & Drives
Innomotics, a global leader in the provision of electric motors and large drive systems, has played a pivotal role in the realisation of the largest heat pump system in the Netherlands. It is located at the municipal wastewater treatment plant in Utrecht.
Read more...
Heavy-duty V-belts for aggressive conditions
Bearing Man Group t/a BMG
Motion Control & Drives
BMG’s extensive range of specialised Gates belting includes heavy-duty Predator V-belts, which have been specially designed to meet the challenges of drives that need to perform optimally in harsh African conditions.
Read more...
Three decades, one Perfect Harmony GH180
Motion Control & Drives
When customers seek to install a new medium voltage variable frequency drive, their priorities are reliability, efficiency and ease of use. Innomotics excels in these areas with its robust product offerings.
Read more...
Unlocking the smart factory
ElectroMechanica
Editor's Choice Motion Control & Drives
At ElectroMechanica, we recognise that transitioning to smart automation isn’t just about adopting new technology; it’s about solving real challenges. Labour shortages, rising costs and downtime due to outdated machinery make digital transformation essential for long-term competitiveness.
Read more...
Enhanced grease gun and pump range
SKF South Africa
Motion Control & Drives
The addition of a new LAGC S coupler to enhance the performance, safety and ease of operation of SKF’s proven grease gun and pump ranges demonstrates the company’s commitment to channelling innovation into its products and technology solutions.
Read more...
Problem solving under pressure
Axiom Hydraulics
Motion Control & Drives
The greatest strength of Axiom Hydraulics lies in the company’s ability to solve complex problems and adapt systems to meet unique challenges. This capability stems from two key factors: the diverse experience of its team members, which spans decades across multiple disciplines, and their unwavering dedication to their clients.
Read more...
New AI advisor for robot selection
igus
Motion Control & Drives
igus’ new AI chatbot has been added to the online platform RBTX.com. The interactive consultant is designed to enable companies with little previous experience and technological expertise to quickly and reliably put together low-cost automation solutions to becoming more competitive.
Read more...
The world’s most powerful worm
Motion Control & Drives
Geothermal energy from the natural heat of the Earth is an inexhaustible resource, yet the growth of the global geothermal power sector lags behind other renewable energies. Now Swiss startup, Borobotics is hoping to speed this up with its innovative new electric-powered geothermal drilling robot, which can be used to fast-track and lower the cost of heat pump installations in confined spaces.
Read more...
printer friendly version