TechNavio recognizes the following companies as the key players in the Global Motion Control Market: Rockwell Automation Inc., Schneider Electric Co., Siemens AG, and Yaskawa Electric Corp.
Commenting on the report, an analyst from TechNavio’s team said: “At present, many motion control vendors are developing robotic hands for the motion control systems as there is an increasing demand for this innovation from the OEMs. This demand is witnessed more in industries such as Semiconductor, Automotive, Packaging, and Assembly. A robotic hand attached to a motion control system effortlessly helps the movement of products from one conveyor to another for enhanced operational productivity. This results in reduced labor utilization, a faster production cycle, and increased efficiency.”
According to the report, one of the major growth drivers in the market is the increasing investment by manufacturing industries. The growth in manufacturing industries, mainly in the Semiconductor, Automotive, and Machinery industries, will drive the growth of the market.
Further, the report states that the high cost of motion control systems is one of the major challenges in the market. The cost of a motion control system is relatively high making it unaffordable for SMEs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-motion-control-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Motion Control Market 2014-2018
