The Motion Controller Market is Big and Getting Bigger in Future
Market Overview
Global Motion Controller Market is accounted for $1,506.09 million in 2017 and is expected to reach $3,211.34 million by 2026 growing at a CAGR of 9.0% during the forecast period. The increasing demand for plant automation to achieve greater equipment efficiency, increased throughput and optimized process accuracy are some of the factors driving the market growth.
Based on end user, the semiconductor and electronics segment held the dominant share in the market and is estimated to increase at a healthy pace over the forecast period. By type of axis, the multi axis controllers segment is expected to grow a significant CAGR as it offers very low power consumption featured through the use of centralized power units.
Asia Pacific is the leading market for motion controller systems owing to the steady growth in end-use industries such as semiconductor, electronics, and food and beverages.
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Top Industry Playerβs
Some of the key players in the global market include Fuji electric, National Instruments, Schneider electric, Yokogawa Electric Corp., Toshiba Corporation, Omron Corporation, Delta Electronics, Inc., YASKAWA Electric Corporation, ABB Ltd, Mitsubishi Electric Corporation, Rockwell Automation Inc., Allied Motion Inc., Siemens AG, Parker Hannifin Corporation, Bosch Rexroth AG, Moog Inc., Altra Industrial Motion Corporation, Dover Motion, Galil, Googoltech and Acs Motion Control.
