North America Motion Control Market Size By Component (Motors, Actuators & Mechanical Systems), By End-User (Metal & Machinery Manufacturing, Semiconductor and Electronics), By Application (Packaging, Assembly/Disassembly), By Geographic Scope And Forecast
North America Motion Control Market Size By Component (Motors, Actuators & Mechanical Systems), By End-User (Metal & Machinery Manufacturing, Semiconductor and Electronics), By Application (Packaging, Assembly/Disassembly), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America Motion Control Market Size And Forecast
North America Motion Control Market size was valued at USD 44.02 Billion in 2024 and is projected to reach USD 71.56 Billion by 2031, growing at a CAGR of 6.26% from 2024 to 2031.
The rising demand for industrial robots in manufacturing processes is a key element that has boosted the growth of the motion control market. Furthermore, the growing automation systems market is another factor that is supporting the growth of the market. The North America Motion Control Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America Motion Control Market Definition
Motion control refers to a part of factory automation that involves mechanical control of a machine or robot via an actuator and computer control system. An actuator is most commonly electric (AC or DC) or pneumatic (pressurized gas). Through this motor and a computer control system, an individual can govern the movement of a given piece of factory equipment. The main components typically comprise a motion controller, an energy amplifier, and one or more actuators. Motion control can be open-loop or closed-loop. In open-loop systems, the motion controller sends a command to the actuator through the amplifier.
Think of motion controllers as the brains of automated machines. They're the electronics – and often the power supplies too! – that use software to tell things how to move. When you plug a motion controller into a machine, it tells different parts (called axes) to move to specific positions. This can happen in a simple way, like with most stepper motors, or in a more complex way using feedback to make sure everything's accurate. These instructions then go to the axis drive, which makes the actuator actually move. IEC 61131-3 standards-based motion controls are really powerful and can handle complicated movements. They can even work together, like synchronized dancers, in machines that need everything to move perfectly in sync.
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North America Motion Control Market Overview
With rapid industrialization, the demand for industrial robots is growing in manufacturing processes. Functional automation and modernization rely primarily on industrial robots that can take over many core operations. There are various applications of industrial robots in the manufacturing industry, such as welding, assembly operations, material handling, and finishing operations. Motion control is considered a critical fundamental technological foundation of industrial robots. Moreover, the rising demand for industrial robots in manufacturing processes is a vital element that has boosted the growth of the motion control market. Furthermore, the growing automation systems market is another factor supporting the market’s growth.
The motion control market isn't exactly booming right now, and you can blame a few things. We're seeing a real shortage of skilled workers, and on top of that, big players in the automotive and semiconductor industries have put their investment plans on hold because of COVID-19. Think about companies like SUMCO Corporation (Japan) and Hemlock Semiconductor (US) – they haven't been investing in expanding their production as much, partly because market prices have dropped, making it tough to keep profits up. Despite these challenges, there's a silver lining! Motion control is becoming more and more in demand across industries like automotive, medical, aerospace & defense, semiconductor & electronics, paper & pulp, and more. This rising demand could mean some pretty great growth opportunities for the market.
North America Motion Control Market Segmentation Analysis
The North America Motion Control Market is segmented on the basis of Component, End-User, Application, and Geography.
North America Motion Control Market, By Component
Motors
Actuators & Mechanical Systems
AC Drives
Motion Controllers
Electric Drives
AC Motors
Sensors and Feedback Devices
Others
Based on Component, the market is segmented into Motors, Actuators & Mechanical Systems, AC Drives, Motion Controllers, Electric Drives, AC Motors, Sensors and Feedback Devices, and Others. This segment of the Motion Control market is dominated by Motors. The growing trend of miniaturization across all industry verticals has boosted demand for miniature motors that deliver superior performance in compact space applications such as medical devices and scientific instrumentation. Moreover, the ongoing trend of enhancing the performance ratios of medical devices is supporting the growth of the motion control market.
North America Motion Control Market, By End-User
Metal & Machinery Manufacturing
Semiconductor and Electronics
Automotive
Aerospace and Defense
Food and Beverages
Medical
Printing and Paper
Others
Okay, so when we look at who's actually using motion control systems, we're talking about industries like Metal & Machinery Manufacturing, Semiconductor and Electronics, Automotive, Aerospace and Defense, Food and Beverages, Medical, Printing and Paper, and a bunch of Others. Interestingly, Metal & Machinery Manufacturing was the biggest piece of the pie back in 2020, and we're expecting it to keep growing at a rate of about 5.13% each year. Why? Well, there's a real push for motion control in making iron and steel, which is really driving the market. Basically, these systems help metal and machinery plants be more productive and react faster to what customers want, letting them tweak their manufacturing processes to fit specific needs.
North America Motion Control Market, By Application
Packaging
Assembly/Disassembly
Inspection/Measuring
Positioning
Metal Fabrication
Material Handling
Slicing, Shearing, Cutting
Converting
Based on Application, the market is segmented into Packaging, Assembly/Disassembly, Inspection/Measuring, Positioning, Metal Fabrication, Material Handling, Slicing, Shearing, and Cutting, and Converting. The packaging segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 5.55% during the forecast period. Amplified flexibility and quicker transformation in packaging line operations are the factors that are propelling the growth of the motion control market.
North America Motion Control Market, By Geography
U.S.
Canada
Mexico
On the basis of Geography, the Global North America Motion Control Market is classified into U.S., Canada, and Mexico. The U.S. is expected to hold the largest market share of the Motion Control Market over the forecast period followed by Canada. Increasing demand for industrial robots in manufacturing processes and high adoption of advanced & automated processes in the automotive manufacturing sector are the leading factor that has boosted the growth of U.S. motion control market.
Further, the presence of various motion control manufacturers and the adoption of different growth strategies such as product launch and product development are further supporting the growth of the motion control market. For instance, in February 2021, Moog Inc. has introduced a DS2020 digital servo drive having Combitronic capability as a single-axis drive. Moreover, rapid technological advancement and early adoption of advanced technology are some of the other factors that are expected to support the growth of the United States motion control market
Key Players
The major players in the market include Yaskawa Electric, Siemens, Schneider Electric, ABB, Rockwell Automation, Parker Hannifin, Mitsubishi Electric, and Moog Inc. These Major Players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
Siemens expanded the servo motors portfolio through the launch of Simotics S-1FS2, a motor version with a stainless-steel housing. It is designed for its use focusing on the pharmaceutical and food industries.
Moog introduced a DS2020 digital servo drive having Combitronic capability is a single-axis drive. It operates a Moog CD series motor, that delivers a high torque capability for large axes of motion and various demanding applications.
Yaskawa has acquired 100% ownership of Yaskawa Siemens Automation & Drives Corp. for the purpose of boosting market share by complementing each other with products and technology in the area of industrial drive systems such as paper, pulp, textiles, and film.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Yaskawa Electric, Siemens, Schneider Electric, ABB, Rockwell Automation, Parker Hannifin, Mitsubishi Electric, and Moog Inc.
SEGMENTS COVERED
By Component, By End-User, ByApplication, and By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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