Global motion control market set to grow four per cent a year to 2018: report
January 14, 2014 by Manufacturing AUTOMATION
The global motion control market is forecast to grow at a compound annual growth rate of 4.32 per cent over the period 2014-2018, according to a new report released by Research and Markets, a source for international market research and data.
The report, the Global Motion Control Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts.
One of the key factors contributing to this market growth, according to the study, is the increasing investment in manufacturing industries, which includes the increased use of motion control systems in robotic applications.
“At present, many motion control vendors are developing robotic hands for the motion control systems, as there is an increasing demand for this innovation from the OEMs,” remarked one of the analysts from the research team. “This demand is witnessed more in industries such as semiconductor, automotive, packaging and assembly. A robotic hand attached to a motion control system effortlessly helps the movement of products from one conveyor to another for enhanced operational productivity. This results in reduced labour utilization, a faster production cycle and increased efficiency.”
The analysts say, however, that the high cost of motion control systems could pose a challenge to the growth of this market.
The report covers the global motion control market landscape in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region, and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. For more information, visit www.researchandmarkets.com/research/ddp4mc/global_motion.