Global Motion Control Market: Market Analysis by Knowledge Sourcing Intelligence

The motion control market was valued at US$13.901 billion in 2017 and is projected to expand at a CAGR of 5.21% over the forecast period to reach US$18.851 billion by 2023. Motion control systems are used in industrial processes to control the movement of a specific load. These systems are an important part of robotics and CNC machine tools and use pneumatic, hydraulic, or electromechanical prime mover technology. The biggest advantages offered by motion control are high-performance coupled with low-cost operations. Increasing demand for motion control systems in different industry verticals is driving the demand for these solutions.

sample view of global motion control market:market research by knowledge sourcing intelligence
Sample view of Global Motion Control Market Forecast, US$ Billion, 2017 TO 2023 

Global Motion Control Market by Geography:
By geography, the motion control market is segmented as Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). Americas and EMEA hold significant market shares owing to high adoption of automation across various industries. Stringent regulations regarding workers’ safety in both regions also contributes to the growth of motion control market during the forecast period. APAC is projected to witness a considerable regional market growth on account of rising number of manufacturing facilities in the region. Booming automotive and consumer electronics industry is further driving the growth of motion control market in the region. The market research provides a detailed analysis of global motion control market on the basis of various segment like- by industrial vertical, by geography etc.

sample view of global motion control market: market research by knowledge sourcing intelligence
Sample view of Global Motion Control Market Share by Geography

Global Motion Control Market by Industry vertical:
By industry vertical, the motion control market is segmented as automotive, aerospace and defense, electronics, packaging, manufacturing and others. Automotive industry holds a significant share in the market on account of increasing investments by industry players into new technologies and facility expansion, in order to increase their output. Packaging industry also holds a good share in the market. Rapid growth of various business sectors aligned to this industry is increasing the adoption of new technologies among the industry players to streamline their core business processes.

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The market will continue to witness a good growth across other industry verticals as well over the projected period.   
Location: KNOWLEDGE SOURCING INTELLIGENCE LLP SUITE 406, BSI BUSINESS PARK H-140, SECTOR 63 NOIDA, U.P. - 201301 INDIA

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