London, 27 October 2014 – Modernization of manufacturing processes along with increased adoption of artificial intelligence has led to a rise in demand for advanced motion controllers, spurring a CAGR of 7.66 percent from 2014-2018 in the Global Advanced Motion Controller Market, says research firm TechNavio.
About the Report
According to a new report from the tech-focused market research company, inherent attributes of advanced motion controllers like dynamic response, smooth performance and versatility have opened up the possibility of finding new applications in numerous other industries.
The report also emphasizes recent advances in the automotive sector, which have led to the development of electric powertrain systems.
“The automotive industry is in a phase where more and more electric powertrain systems and controllers are being used to meet customer demands for improved safety features. The high degree of flexibility in advanced drive systems combined with the potential benefits has led to an increase in their usage across the industry. Moreover, environmental legislation and intense competition among manufacturers is making these electric systems more affordable,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Modernization in Manufacturing
- For a full detailed list, view our report.
Market Challenges:
- Uncertainties Related to Global Economy
- For a full detailed list, view our report.
Market Trends:
- Development of Electric Powertrain in Automotive industry
- For a full detailed list, view our report.
Key Vendors:
- ABB Group
- Bosch Rexroth
- Rockwell Automation
- Siemens AG
Other Prominent Vendors:
- Lenze
- Omron
- Rockwell Automation
- Schneider Electric
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
