Global Multi-axis Motion Controller Market 2017-2021
About Multi-Axis Motion Controller
Motion control is a subgroup of automation involved in moving parts of machines with safety and control. The motion control system provides a complete package of operations with industrial safety applications in both discrete and process industries where precise operations are involved. High flexibility and productivity of the industrial plant can be achieved in machines and equipment through an amalgamation of automation and motion control products.
Technavio’s analysts forecast the global multi-axis motion controller market to grow at a CAGR of 10.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global multi-axis motion controller market for 2017-2021. To calculate the market size, the report considers volume and sales market of hardware products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Multi-Axis Motion Controller Market 2017-2021
Technavio recognizes the following companies as the key players in the global multi-axis motion controller market: ABB, Galil, Mitsubishi Electric, and Parker Hannifin.
Other Prominent Vendors in the market are: Aerotech, AMK, Altra Industrial Motion, Arcus Technology, CS-Lab, Delta Tau Data Systems, FAULHABER, Moog, OMEGA, OMRON, ORMEC Systems, Rockwell Automation, SANYO DENKI, Schneider Electric, Servotronix Motion Control, Strategi, Technosoft, Toyo Advanced Technologies, Trio Motion Technology, TRM, and zub Machine Control.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing IoT for customized products. The Internet of Things (IoT), discovering its pathway into the factory, has brought about an industrial revolution with the concept of Industry 4.0. This technology employs highly customized products in flexible manufacturing conditions.”
According to the report, one driver in the market is increasing adoption of motion controllers in APAC. At present, APAC is the global leader in motion controller production, accounting for 42.20% of the market, which is predicted to grow further during the forecast period. Countries such as China, Japan, and South Korea are leading the automation market. The rise in investments in machinery production in APAC can lead to increased adoption of multi-axis motion controller during the forecast period.
Further, the report states that one challenge in the market is competitive pricing strategy of low-cost Asian manufacturers. Asian countries are characterized by the presence of land, labor, and raw materials at an affordable cost, which has attracted significant investments in the manufacturing sector. End-users in the region are planning to invest in cost-effective machinery and solutions. With increasing price sensitivity from customer’s end, motion controller vendors are looking to build relationships with subcomponent suppliers that offer economical hardware products in the market.
ABB, Galil, Mitsubishi Electric, Parker Hannifin, Aerotech, AMK, Altra Industrial Motion, Arcus Technology, CS-Lab, Delta Tau Data Systems, FAULHABER, Moog, OMEGA, OMRON, ORMEC Systems, Rockwell Automation, SANYO DENKI, Schneider Electric, Servotronix Motion Control, Strategi, Technosoft, Toyo Advanced Technologies, Trio Motion Technology, TRM, and zub Machine Control.
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