All automatic machinery is equipped with motion control to ensure the optimum speed and accuracy of positioning, which determines the basic performance of mechanical systems. Thus, motion control is one of the important technologies for the improving the productivity of industrial components. Motion control can be incorporated as a software program, where complex combination of various theories with the latest hardware technologies for mechanical and electric systems is required. Motion control technology is used extensively for machine tools, robots, semiconductor equipment, injection molding machines, and inspection equipment for digital appliances. This market is largely driven by semiconductors and electronics and metal & machinery manufacturing applications.
APAC is expected dominate the motion control market. The growing industrialization in the developing nations of APAC is a positive factor for the growth of this market. With the industry upgrading and developing high-end equipment, the demand for high-end motion control products will increase in APAC region. The high growth in machine tool production and sectors related to the production of smart phones and automobiles, which includes electronics assembly, semiconductor machinery, and customized robots for different applications are the reasons for the growth of motion control products market in APAC.
Semiconductor & electronics industry vertical is a key revenue pocket in the motion control market. Speed, accuracy, and reliability are driving the growth of semiconductor & electronics application of this market in APAC region. Japan accounted the largest share of this market in APAC region. The semiconductor & electronics industry is also a pillar of Chinese industry with various kinds of electronics & electronics assembly machinery being produced in China. Production of semiconductor & electronics assembly equipment has increased rapidly due to high demand for consumer electronics such as smart phones and tablets in this region. There are also growth opportunities in South East Asian markets for semiconductor, electronic and electronic assembly, machine tools, packaging, rubber, and plastics which in turn contribute motion control systems’ sales.
The key players in this market are Siemens AG (Germany), Schneider Electric SE (France), Parker Hannifin Corporation (U.S.), ABB Ltd. (Switzerland), Yaskawa Electric Corporation (Japan), Moog Inc. (U.S.), Altra Industrial motion Corporation (U.S.), Bosh Rexroth (Germany, and Dover Motion (U.S.).