Motion Control Market by Component, System, Industry | COVID-19 Impact Analysis | MarketsandMarkets

1. Motion Control Market with COVID-19 Impact - Global Forecast to 2025 The global motion control market size is expected to grow from USD 14.9 billion in 2020 to USD 16.5 billion by 2025, at a CAGR of 2.5%. Growth in adoption of automation in manufacturing facilities to secure employee health & safety in the COVID-19 crisis, high adoption of advanced and automated processes in the manufacturing sector, safety-enabled productivity in industries due to stringent safety rules imposed by governments, increasing demand for industrial robots in manufacturing processes, ease of use and integration of IIoT with motion control systems are the key factors driving the growth of the motion control market. Impact of COVID-19 on the motion control market COVID-19 has severely impacted the global economy and all the industries throughout the globe. This is mainly due to the disruptions in the supply chain across the globe. The economies across the world have declined as there is a major decline in the demand for products. The production across industries has been limited due to the pandemic resulting in the shortage of raw material. The decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in production. The motion control market is thus getting affected by COVID-19. This has resulted in a lower estimated year-on-year growth rate for 2020 as compared with 2019. “Motion Control market in APAC to grow at the highest CAGR” The growth is attributed to the increasing industrial activity, along with the demand for faster and accurate motors and drives to achieve a higher production output. The increasing demand for energy-efficient production processes coupled with the need for software systems is fostering the growth of the motion control market. High growth observed in machine tool production and other sectors related to the production of smartphones and automobiles, which include electronics assembly, semiconductor machinery, and customized robots for different applications, is also supporting the growth of the motion control market in APAC. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98406125 Key Market Players ABB Ltd. (Switzerland), Parker Hannifin Corporation (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), and Siemens (Germany), Fanuc (Japan), Yaskawa (Japan), Mitsubishi Electric Corporation (Japan), Bosch Rexroth AG, (Germany). are a few major players in motion control market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players)

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