Sarasota, FL, May 09, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Motion Control Market By Technology (Computerized Numerical Control And General Motion Control) for Automotive, Aerospace & Defense, Semiconductor & Electronics, Food and Beverage, Machinery Manufacturing, Oil & Gas, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2016 – 2022”. According to the report, global motion control market was valued at USD 16.54 billion in 2016 and is expected to generate revenue of USD 22.81 billion by end of 2022, growing at a CAGR of slightly above 5.7% between 2017 and 2022.
Global motion control market has been segmented on the basis of technology, application, and region. On the basis of technology, motion control market is classified into computerized numerical control and general motion control. Computerized numerical control is one of the leading segments of this market. This technology is widely used in motion control. CNC refers to how a machine controls its basic method of movement. CNC is the automation of machine tools that are operated by precisely programmed commands.
Browse through 29 Market Tables and 22 Figures spread through 110 Pages and in-depth TOC on “Global Motion Control Market: By Type, Technology, Application, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022”.
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On the basis of applications, machinery manufacturing dominated the market and acquired the significant share in overall motion control market in 2016. Semiconductor & electronics and automotive are expected to witness strong growth in upcoming years.
The motion controls market has grown at a rapid pace over the past few years and has witnessed stupendous growth during the forecast period. The market for motion controls is driven by a number of factors such as rising concern for industrial safety, increasing project by manufacturing companies, increasing demand for motion control for semiconductor & electronics, food and beverage, electrical, automotive, and machinery industries and growing economy. Furthermore, huge developments of automation sector along with rapid globalization have together increased the demand for this market. Moreover, demand from emerging economies such as China, India, and Brazil may open up the new opportunity in the motion control market in the forecast period.
Browse the full "Motion Control Market by Technology (Computerized Numerical Control and General Motion Control) For Automotive, Aerospace & Defense, Semiconductor & Electronics, Food and Beverage, Machinery Manufacturing, Oil & Gas, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/motion-control-market
Asia Pacific is by far the largest regional market for motion control and is set to continue to prevail over other regions during the forecast period. Asia Pacific is expected to be the fastest growing regional market for the motion control due to growing economies in the region such as China, Japan, Brazil, and India, among others. Rapid economic development in the region and rapid industrialization in developing countries is playing a key role in the growth of this market. Growth in this region is also driven by increasing demand for automation in several manufacturing facilities. Increased use in semiconductor & electronics, automotive, food & beverages, and machinery manufacturing, applications is expected to drive the Asia Pacific motion control market.
Asia Pacific was followed by North America and Europe in 2016. North America is expected to have significant growth during the years to come owing to the technological advancement in motion controllers. U.S. is the key region in North America and plays a major role in the development of the future motion control market. Labor costs have increased in the U.S. and Canada in the past few years affecting the overall manufacturing costs. Increased investment in manufacturing industries primarily in the semiconductor, automotive, and machinery industries is expected to propel the market in the next few years.
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Europe is expected to show moderate growth during the forecast period due to technological advancement, and the presence of expertise compared to developing regions. The considerable economic growth of countries such Belgium, France, UK, and Germany may drive the motion control market in the next few years. In addition, development of advanced motion controllers is expected to boost the market in the next few years.
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Latin America, Middle East, and Africa are likely to have considerable growth for motion control market during the estimated five years.
Key players in the motion control market are Rockwell Automation Inc., Schneider Electric SE, Parker Hannifin Corp., Yaskawa Electric Corp., Moog Inc., Bosh Rexroth AG, Schneider Electric, Dover Motion, Parker Hannifin Corp, ABB, Altra Industrial Motion Corporation, and Siemens AG.
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This report segments global motion control market as follows:
Motion Control Market: Technology Segment Analysis
- Computerized Numerical Control
- General Motion Control
Motion Control Market: Application Segment Analysis
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Food and Beverage
- Machinery Manufacturing
- Oil & Gas
- Others
Motion Control Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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