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THE MOTION control market will be worth US$21.99 billion by 2020, claim a new MarketsandMarkets report.
In 2014, the motion control market was worth $14.79 billion globally. It is expected to grow at a CAGR of 6.87 percent between 2015 and 2020.
Motion control is a sub-field within automation, and is associated with control over the position and velocity of machine, involving components like motors, drives, sensors and motion controllers. It is used in robotics, as well as computerised numerical control (CNC) machine tools, and is a core part of automation system, as well as the packaging, printing, textile, semiconductor production and assembly industries.
The growth in automation and industrial control systems, thanks to investments in manufacturing, claims MarketsandMarkets, will drive growth in the motion control market. This is especially true around the semiconductor and electronics manufacturing sector, where motion control and automation is viewed as an essential driven of efficiency and performance in manufacturing operations.
According to the report, the Asia-Pacific region dominates the motion control industry, with 41 percent market share, and the highest growth rates in the coming years, thanks to a growing adoption of automation in the region.