Key Companies

• YASKAWA Electric Corporation
• Fanuc Corporation
• Rockwell Automation Inc.
• Mitsubishi Electric Corporation
• Performance Motion Devices Inc.
• Microsoft Corporation Inc.
• Robert Bosch GmbH
• Siemens AG

Competitive Landscape

Competition in the global motion control market is expected to rise, with players focusing on gaining a competitive advantage and increasing their market foothold. Key players involved in the market are rigorously investing in the development and launches of new products to gain a competitive advantage and expand their consumer base.

• In January 2021, Microsoft Corporation announced the launch of Pulse Red wireless controllers that can run on multiple devices to switch between Xbox consoles, PCs, and Android devices without having to repeat the setup process every time. The controller remembers multiple devices for quick and seamless switches between previously connected devices
•  In April 2021, Performance Motion Devices, Inc. (PMD) announced the launch of their new ION/CME N-Series Digital Drives, new members of the ION Digital Drive family that provide high-performance motion control, network connectivity, and amplification.

Key Segments Covered

• Component Type
  • Motion Controllers
  • AC Drives
  • AC Servo Motors
  • Sensors & Feedback Services
  • Actuator & Mechanical Systems
  • Others
• End Use
  • Food & Beverage
  • Plastics & Rubbers
  • Electrical & Electronics
  • Paper & Printing
  • Fabricated Metal Manufacturing
  • Packaging & Labelling
  • Automotive
  • Construction
  • Machinery
  • Other End Uses
• Technology Type
  • Computer Numerical Control
  • General Motion Control
• Application
  • Metal Cutting
  • Metal Forming
  • Material Handling Equipment
  • Robotics
  • Semiconductor Machinery
  • Rubber & Plastics
  • Machinery
  • Other Applications

Request Customized Report as Per Your Requirements: https://www.factmr.com/connectus/sample?flag=RC&rep_id=335?pk

Sales for Metal Cutting Application to Remain High

As the requirement for accuracy and precision during the manufacturing process increases, demand for AC servo components are projected to remain high. In terms of revenue, the AC servo component type segment is projected to represent significant revenue growth, representing more than US$ 2,400 Mn by 2026-end. In contrary, the others component type segment is projected to reflect a robust CAGR throughout the forecast period. By 2026-end, computer numerical control technology will outsell the general motion control technology, recording more than US$ 3,900 Mn.

By end users, the machinery segment is projected to witness significant growth in terms of revenue, accounting for more than US$ 1,300 Mn by 2017-end. On the other hand, the others end user segment is projected to witness the fastest growth during the forecast period.

Based on application, the metal cutting segment is projected to generate robust revenue growth, representing more than US$ 1,700 Mn by 2026-end. However, the robotics application segment is projected to reflect a significant CAGR throughout the forecast period.