Economic Outlook of Motion Control Market: Computer Numerical Control Technology to Generate Significant Revenues Throughout 2026
Motion Control Market Insights |
Growing need for packaging,
laser cutting, bottling, labelling, and stacking has led the manufacturers to
adopt intelligent motion control solutions. Adoption of motion control products
has enabled manufacturers to conveniently transport heavy equipment and
components during the production process. Motion control products has also allowed
end users to speeds up the production process and track the manufacturing
process through sensors.
Rapid developments in
technology has led manufacturers to develop motion controlling products
integrated with leading technology such as computer numerical control (CNC)
technology. With the implementation of CNC technology, manufacturers can
conveniently control the production process through machine control commands.
Also, leading manufacturers are concentrating on incorporating distributed
intelligence system, which allows the motion control products to monitor and
coordinate machine-to-machine communications. Attributed to these factors, adoption
of the motion control products will continue to remain high globally.
Over
US$ 24,900 Mn Opportunity in Global Motion Control Market
According to Fact.MR, the global
motion control market is expected to reach a value of more than US$ 24,900 Mn
by the end of 2026. As the need for manufacturing range of automotive and
electronic products persists, demand for motion control products is likely to
remain high in the manufacturing industry. In addition, adoption of motion
control products in the manufacturing industry continues to remain a
cost-effective option as it simplifies the process of operating machines and
saves on the labor cost. With the adoption of motion control products,
manufacturers can transport heavy equipment and components quickly during the
production process. In order to gain a competitive edge over, the leading companies
are increasingly focusing on incorporating the motion control products with smart
actuators and CNC technology. Incorporation of smart actuators in motion
control products allows end users to detects and monitor the status of
production process and mechanical changes.
Growing need to maintain
precision during the manufacturing process has led to surge in demand for AC
servo components globally. In terms of revenue, the AC servo components is
expected to witness the highest growth in the global market throughout 2026. On
the other hand, the other components will continue to witness the fastest
growth in the global market through 2026.
By the end of 2026, the
computer numerical control technology will outsell the general motor control
technology, registering the fastest growth in the global market. Demand for the
motion control products is expected to remain concentrated for metal cutting
purposes. Metal cutting application is expected to record the highest revenue
growth in the global market by 2026-end. However, robotics application is
expected to register the fastest growth in the global market throughout 2026.
Sales of the motion control products
will continue to remain high for manufacturing machineries. By 2017-end,
machinery is expected to generate significant revenues in the global market. In
contrary, the others end users is expected to register the fastest growth in
the global market throughout 2026.
Major market players
operating in the global market include Moog Inc., ABB Ltd Schneider Electric
S.E, Parker-Hannifin Corp, Robert Bosch GmbH, Siemens AG, Rockwell Automation,
Inc, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, and Fanuc
Corporation.
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