London, 04 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Motion Control Market in North America 2014-2018, which is expected to grow at a CAGR of 6.22 percent during the forecast period 2014-2018.
Motion control, a sub-field of automation, is used to control the position and velocity of machines with the help of devices such as hydraulic pumps, linear actuators or electric motors. Several industries such as Packaging, Printing, Semiconductor Production, Textile, and Assembly are its prominent end-users.
“At present, many motion control vendors are developing robotic hands for their motion control systems as there is an increased demand for this innovation from the OEMs,” says Faisal Ghaus, Vice President of TechNavio.
“This demand is growing because of industries such as Semiconductor, Automotive, Packaging, and Assembly. A robotic hand attached to a motion control system helps the movement of products from one conveyor to another for enhanced operational productivity.”
Key Market Drivers
- Investment in Manufacturing Industries
- Need for Quality during Development Stage
- Need for Cost-effectiveness
- Quick Entry into Market
Key Market Trends
- Use of Motion Control Systems in Robotics
- Integration with Mechatronics
- Emergence of Energy-efficient Motors and Drives
- Adoption of Network Motion Control
Key Market Vendors
- ABB Ltd.
- Parker Hannifin
- Rockwell Automation Inc.
- Siemens AG
- Yaskawa Electric Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
