DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lps253/motion_control) has announced the addition of the "Motion Control Market by Component (Motors, Electric Drives, Motion Controllers, and AC motors), Technology (GMC and CNC), Application (Metal & Machinery, Semiconductors & Electronics, and Food & Beverage), and Geography - Global Forecast to 2020" report to their offering.
Motion control is used for different applications and is used to control the movement of machines. Motors, controllers, and drives are the most sophisticated motion control devices which incorporate precise dimensional tolerance, high-force magnet materials, and advanced design methods. The motion control market is expected to grow from USD 14.79 Billion in 2014 to USD 21.99 Billion by 2020, at a CAGR of 6.87% during the forecast period (2015-2020).
The growth of the automation market and integrated safety function in drives are some of the factors driving the growth of the motion control market. However, the high manufacturing cost and complexity of motion control machines are some of the factors limiting the growth of the market. Designing machines that are compact, less expensive, and reliable are some of the challenges faced by vendors in this market.
The metal & machinery manufacturing application held the largest share among all applications of motion control market followed by semiconductor & electronics. The semiconductor & electronics application segment is expected to grow at the highest rate in the market with a CAGR of 10.10% from 2015 to 2020.
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Motion Control Market, By Technology
- Motion Control Market, By Component
- Motion Control Market, By Application
- Motion Control Market, By Geography
- Competitive Landscape
- Company Profiles
- Altra Industrial Motion
- Bosch Rexroth
- Dover Motion
- Parker Hannifin
- Rockwell Automation
- Schneider Electric
- Yaskawa Electric
For more information visit http://www.researchandmarkets.com/research/lps253/motion_control