出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年1月
Motion Control Market – Global Forecast to 2029
モーションコントロール市場 : 提供内容 (アクチュエーターと機械システム、駆動、モーター、モーションコントローラー、センサーとフィードバックサービス、ソフトウェアとサービス)、システム (オープンループ、クローズループ)、エンドユーザーの業界と地域別 – 2029年までの世界予測
Motion Control Market by Offering (Actuators & Mechanical Systems, Drives, Motors, Motion Controllers, Sensors & Feedback Services, Software & Services), System (Open-loop, Closed-loop), End-user Industry and Region – Global Forecast to 2029
| ページ数 | 247 |
| 図表数 | 260 |
| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
The motion control market is estimated to be worth USD 16.5 billion in 2024 and is projected to reach USD 21.6 billion by 2029 at a CAGR of 5.5% during the forecast period.
モーションコントロール市場は 2024 年に 165 億米ドルの価値があると推定され、予測期間中に 5.5% の CAGR で 2029 年までに 216 億米ドルに達すると予測されています。
The global Motion Control Market is experiencing substantial growth as businesses strive to enhance efficiency and productivity, the integration of motion control systems becomes crucial for precise control over machinery and automated processes. Additionally, a significant impetus comes from government initiatives aimed at promoting workplace safety, where motion control plays a pivotal role in ensuring controlled and secure movement of machinery. The growing recognition of the benefits associated with automation, coupled with a heightened focus on creating safer work environments, contributes to the global expansion of the Motion Control Market. This trend is indicative of the technology’s key role in advancing industrial automation and aligning with safety objectives on a global scale.
“Motors to hold the largest share of motion control market in 2023.”
Motors are the core components of motion control systems; motors serve as the driving force behind the controlled motion of machinery and automated systems. The surge in demand for automation across industries, coupled with the continuous advancements in motor technology, contributes to their dominant position in the market. Motors play a crucial role in achieving accurate positioning, speed control, and overall operational efficiency in diverse sectors such as manufacturing, robotics, automotive, and aerospace. The increasing adoption of motors in conjunction with motion control systems underscores their significance in facilitating the seamless integration of automation, thereby solidifying their position as the key contributors to the overall growth and leadership of the Motion Control Market.
“Semiconductor & Electronics industry to hold the second largest share of motion control market in 2023.”
Motion control systems play a critical role in semiconductor and electronics manufacturing processes by providing precise control over machinery and robotic systems. As the demand for electronic components and devices continues to rise, the industry is increasingly adopting motion control solutions to optimize production efficiency, enhance accuracy, and ensure the seamless operation of complex machinery. The intricate and high-precision requirements of semiconductor manufacturing make motion control systems integral to achieving the exacting standards necessary for quality production. The Semiconductor and Electronics industry’s heavy share in the Motion Control Market is indicative of the technology’s fundamental contribution to the evolution and efficiency of manufacturing processes within this dynamic and rapidly advancing sector.
“Europe to hold the second largest market share of motion control market in 2023.”
Europe is poised to command a significant share of the Motion Control Market, reflecting the region’s robust industrial landscape and a commitment to technological innovation. The adoption of motion control systems in Europe is driven by the imperative for increased automation, precision, and efficiency across diverse industries. The region’s strong presence in manufacturing, automotive, aerospace, and other key sectors underscores the pivotal role of motion control technologies. Furthermore, government initiatives promoting Industry 4.0, smart manufacturing practices, and stringent quality standards contribute to the heightened demand for advanced motion control solutions. As European industries continue to embrace cutting-edge automation technologies, the Motion Control Market in the region is set to play a crucial role in shaping and enhancing industrial processes, thereby securing a significant share in the global landscape.
The break-up of the profiles of primary participants:
• By Company Type – Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
• By Designation – C-level Executives – 57%, Directors – 27%, and Others – 16%
• By Region – North America – 24%, Europe – 24%, Asia Pacific – 46%, and Rest of the World – 6%
Major players in the motion control market are ABB (Switzerland), FANUC Corporation (Japan), Siemens (Germany), Yaskawa Electric Corporation (Japan), and Mitsubishi Electric Corporation (Japan).
Research Coverage
The report segments the motion control market by offering, system, industry, and region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall motion control market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (Rising need for high-end automation across industries, government initiatives to promote workplace safety, rising adoption and usage of industrial robots by manufacturers, and adoption of AI and IoT with motion control systems is driving the market), restraints (Heavy maintenance and replacement cost associated with motion control systems and susceptibility of motion control systems to cyberattacks are hindering the growth of the market), opportunities (Adoption of industry 4.0 principles for manufacturing, integration of emerging technologies such as programmable logic controllers (PLCs) and human-machine interface (HMI) with motion control systems and implementation of integrated communication system across various sectors), and challenges (Designing flexible, scalable, and low-cost motion control systems and shortage of skilled and experienced workforce) influencing the growth of the motion control market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the motion control market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the motion control market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the motion control market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like ABB (Switzerland), FANUC Corporation (Japan), Siemens (Germany), Yaskawa Electric Corporation (Japan), and Mitsubishi Electric Corporation (Japan).
Table of Contents
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 MARKET SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 MOTION CONTROL MARKET SEGMENTATION 30
1.3.2 REGIONAL SCOPE 31
1.3.3 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 32
1.5 STAKEHOLDERS 32
1.6 SUMMARY OF CHANGES 32
1.6.1 RECESSION IMPACT ANALYSIS 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 MOTION CONTROL MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 35
2.1.1.1 List of major secondary sources 35
2.1.1.2 Key data from secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Breakdown of primary interviews 37
2.1.2.2 Primary interviews with experts 37
2.1.2.3 Key data from primary sources 38
2.1.3 SECONDARY AND PRIMARY RESEARCH 39
2.1.3.1 Key industry insights 40
2.2 MARKET SIZE ESTIMATION 41
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES IN MOTION CONTROL MARKET 41
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for arriving at market share by bottom-up analysis
(demand side) 42
FIGURE 4 MOTION CONTROL MARKET: BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 42
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 43
FIGURE 5 MOTION CONTROL MARKET: TOP-DOWN APPROACH 43
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 44
FIGURE 6 DATA TRIANGULATION 44
2.4 RESEARCH ASSUMPTIONS 45
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON
MOTION CONTROL MARKET 45
2.6 RESEARCH LIMITATIONS 46
2.7 RISK ASSESSMENT 46
FIGURE 7 RISK ASSESSMENT OF RESEARCH STUDY 46
3 EXECUTIVE SUMMARY 47
FIGURE 8 MOTION CONTROL MARKET, 2020−2029 (USD MILLION) 47
FIGURE 9 MOTORS TO LEAD MARKET DURING FORECAST PERIOD 48
FIGURE 10 CLOSED-LOOP SYSTEMS TO DOMINATE MARKET DURING FORECAST PERIOD 48
FIGURE 11 PHARMACEUTICALS & COSMETICS TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 12 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MOTION CONTROL MARKET 51
FIGURE 13 GROWING ADOPTION OF AUTOMATION ACROSS VARIOUS MANUFACTURING PROCESSES TO DRIVE MARKET 51
4.2 MOTION CONTROL MARKET, BY OFFERING 51
FIGURE 14 DRIVES SEGMENT TO EXHIBIT HIGHEST CAGR BETWEEN 2024 AND 2029 51
4.3 MOTION CONTROL MARKET, BY SYSTEM 52
FIGURE 15 CLOSED-LOOP SYSTEMS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 52
4.4 MOTION CONTROL MARKET, BY INDUSTRY 52
FIGURE 16 AUTOMOTIVE SEGMENT TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD 52
4.5 MOTION CONTROL MARKET, BY COUNTRY 53
FIGURE 17 MOTION CONTROL MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 18 MOTION CONTROL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 55
5.2.1.1 Rising need for high-end automation across industries 55
5.2.1.2 Government initiatives to promote workplace safety 55
5.2.1.3 Growing use of industrial robots by manufacturers 56
5.2.1.4 Increasing integration of AI and IoT with motion control systems 56
FIGURE 19 MOTION CONTROL MARKET: IMPACT ANALYSIS OF DRIVERS 57
5.2.2 RESTRAINTS 57
5.2.2.1 Heavy maintenance and replacement costs associated with motion control systems 57
5.2.2.2 Susceptibility of motion control systems to cyberattacks 57
FIGURE 20 MOTION CONTROL MARKET: IMPACT ANALYSIS OF RESTRAINTS 58
5.2.3 OPPORTUNITIES 58
5.2.3.1 Adoption of Industry 4.0 principles for manufacturing 58
5.2.3.2 Integration of emerging technologies with motion control systems 58
5.2.3.3 Implementation of integrated communication systems across various sectors 59
FIGURE 21 MOTION CONTROL MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 59
5.2.4 CHALLENGES 60
5.2.4.1 Designing flexible, scalable, and low-cost motion control systems 60
5.2.4.2 Shortage of skilled and experienced workforce 60
FIGURE 22 MOTION CONTROL MARKET: IMPACT ANALYSIS OF CHALLENGES 60
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
FIGURE 23 MOTION CONTROL MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
5.4 PRICING ANALYSIS 61
TABLE 1 AVERAGE SELLING PRICE OF MOTION CONTROL DEVICES, BY TYPE 62
FIGURE 24 AVERAGE SELLING PRICE TREND OF SERVO MOTORS, 2020−2029 (USD) 62
5.4.1 AVERAGE SELLING PRICE TREND OF SERVO MOTORS FOR KEY PLAYERS, BY POWER RATING 62
FIGURE 25 AVERAGE SELLING PRICE OF SERVO MOTORS, BY POWER RATING FOR KEY PLAYERS (USD) 63
TABLE 2 AVERAGE SELLING PRICE OF SERVO MOTORS, BY POWER RATING FOR KEY PLAYERS (USD) 63
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION 63
TABLE 3 AVERAGE SELLING PRICE TREND OF SERVO MOTORS, BY REGION 64
5.5 SUPPLY CHAIN ANALYSIS 64
FIGURE 26 MOTION CONTROL MARKET: SUPPLY CHAIN ANALYSIS 64
5.6 ECOSYSTEM MAPPING 65
FIGURE 27 MOTION CONTROL MARKET: ECOSYSTEM MAP 65
TABLE 4 COMPANIES AND THEIR ROLE IN MOTION CONTROL ECOSYSTEM 65
5.7 TECHNOLOGY ANALYSIS 66
5.7.1 ARTIFICIAL INTELLIGENCE 66
5.7.2 SIMULATION & DIGITAL TWINNING 67
5.7.3 FRAMELESS MOTORS 67
5.7.4 PREDICTIVE MAINTENANCE 67
5.7.5 IIOT SENSORS 67
5.7.6 MOTION OUT-OF-THE-BOX 68
5.8 PATENT ANALYSIS 68
FIGURE 28 MOTION CONTROL MARKET: TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2014–2023 68
FIGURE 29 MOTION CONTROL MARKET: NUMBER OF GRANTED PATENTS RELATED TO MOTION CONTROL SYSTEMS, 2014–2023 68
TABLE 5 MOTION CONTROL MARKET: TOP 20 PATENT OWNERS, 2014–2023 69
TABLE 6 LIST OF PATENTS RELATED TO MOTION CONTROL SYSTEMS 70
5.9 TRADE ANALYSIS 72
5.9.1 IMPORT SCENARIO 72
FIGURE 30 MOTION CONTROL MARKET: IMPORT DATA FOR HS CODE 8501, BY KEY COUNTRY, 2018–2022 (USD MILLION) 72
5.9.2 EXPORT SCENARIO 73
FIGURE 31 MOTION CONTROL MARKET: EXPORT DATA FOR HS CODE 8501, BY KEY COUNTRY, 2018–2022 (USD MILLION) 73
5.10 KEY CONFERENCES AND EVENTS, 2024–2025 74
TABLE 7 MOTION CONTROL MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025 74
5.11 CASE STUDY ANALYSIS 75
TABLE 8 NIDEC MOTOR PROVIDES IMPROVED TEMPERATURE CONTROL, WITH SAVINGS OF NEARLY 7,500 KWH 75
TABLE 9 MITSUBISHI ELECTRIC OFFERS IMPROVED RELIABILITY, EXPANDED CUSTOMER FEATURES, AND OVERWRAPPING ACCURACY WITHOUT LABEL DISTORTION 75
TABLE 10 MOTION CONTROL MOTORS AND DRIVES DESIGNED WITH CUTTING-EDGE TECHNOLOGY ACCELERATE BOTTLE LABELING 75
TABLE 11 TROUBLESHOOTING MOTION CONTROL SYSTEMS USING MOOG ANIMATICS SMARTMOTOR DATA 76
5.12 TARIFF AND REGULATORY LANDSCAPE 76
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.12.2 REGULATORY STANDARDS 78
5.12.3 IEC 61508 78
5.12.4 IEC 61511 78
5.12.5 IEC 62061 79
5.12.6 IEC 62443 79
5.13 PORTER’S FIVE FORCES ANALYSIS 79
FIGURE 32 MOTION CONTROL MARKET: PORTER’S FIVE FORCES ANALYSIS 80
TABLE 16 MOTION CONTROL MARKET: PORTER’S FIVE FORCES ANALYSIS 80
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 82
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 82
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES 82
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES (%) 82
5.14.2 BUYING CRITERIA 83
FIGURE 34 MOTION CONTROL MARKET: KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 83
TABLE 18 MOTION CONTROL MARKET: KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 83
6 TRENDS AND EMERGING APPLICATIONS RELATED TO MOTION CONTROL TECHNOLOGY 84
6.1 INTRODUCTION 84
6.2 TRENDS RELATED TO MOTION CONTROL TECHNOLOGY 84
6.2.1 ADVANCED ROBOTICS AND COBOTS 84
6.2.2 HUMAN-MACHINE INTERFACE (HMI) 85
6.2.3 AUTONOMOUS VEHICLES AND DRONES 85
6.2.4 3D PRINTING AND ADDITIVE MANUFACTURING 85
6.3 EMERGING APPLICATIONS RELATED TO MOTION CONTROL TECHNOLOGY 86
6.3.1 REHABILITATION ROBOTICS 86
6.3.2 DIGITAL TWIN TECHNOLOGY 86
6.3.3 AUTONOMOUS UNDERWATER VEHICLES (AUVS) 87
6.3.4 ADVANCED PACKAGING AND MATERIAL HANDLING 87
7 EMERGING IMPLEMENTATION AREAS OF MOTION CONTROL SYSTEMS 89
7.1 INTRODUCTION 89
7.2 METAL CUTTING 89
7.3 METAL FORMING 89
7.4 MATERIAL HANDLING 90
7.5 PACKAGING & LABELLING 90
7.6 ROBOTICS 91
7.7 OTHER IMPLEMENTATION AREAS 91
8 MOTION CONTROL MARKET, BY OFFERING 92
8.1 INTRODUCTION 93
FIGURE 35 MOTION CONTROL MARKET SEGMENTATION, BY OFFERING 93
FIGURE 36 MOTORS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 93
TABLE 19 MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 94
TABLE 20 MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 94
8.2 ACTUATORS AND MECHANICAL SYSTEMS 94
8.2.1 INCREASING USE DUE TO GREATER EFFICIENCY TO DRIVE MARKET 94
8.2.2 ELECTRIC 95
8.2.3 HYDRAULIC 95
8.2.4 PNEUMATIC 96
8.2.5 OTHERS 96
TABLE 21 ACTUATORS AND MECHANICAL SYSTEMS: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 96
TABLE 22 ACTUATORS AND MECHANICAL SYSTEMS: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 97
TABLE 23 ACTUATORS AND MECHANICAL SYSTEMS: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 97
TABLE 24 ACTUATORS AND MECHANICAL SYSTEMS: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 97
8.3 DRIVES 98
8.3.1 AUTOMATION IN MANUFACTURING INDUSTRY TO DRIVE MARKET 98
TABLE 25 DRIVES: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 98
TABLE 26 DRIVES: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 99
FIGURE 37 ASIA PACIFIC TO LEAD MARKET FOR DRIVES DURING FORECAST PERIOD 99
TABLE 27 DRIVES: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 99
TABLE 28 DRIVES: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 100
8.4 MOTORS 100
TABLE 29 MOTORS: MOTION CONTROL MARKET, BY TYPE, 2020–2023 (USD MILLION) 100
TABLE 30 MOTORS: MOTION CONTROL MARKET, BY TYPE, 2024–2029 (USD MILLION) 101
TABLE 31 MOTORS: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 101
TABLE 32 MOTORS: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 102
TABLE 33 MOTORS: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 102
TABLE 34 MOTORS: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 102
8.4.1 SERVO MOTORS 103
8.4.1.1 High torque and acceleration to drive market 103
TABLE 35 SERVO MOTORS: MOTION CONTROL MARKET, 2020–2023 (THOUSAND UNITS) 103
TABLE 36 SERVO MOTORS: MOTION CONTROL MARKET, 2024–2029 (THOUSAND UNITS) 103
8.4.2 STEPPER MOTORS 104
8.4.2.1 Compact design to drive market 104
TABLE 37 STEPPER MOTORS: MOTION CONTROL MARKET, 2020–2023 (THOUSAND UNITS) 104
TABLE 38 STEPPER MOTORS: MOTION CONTROL MARKET, 2024–2029 (THOUSAND UNITS) 104
8.5 MOTION CONTROLLERS 105
8.5.1 RAPID REAL-TIME RESPONSE AND MINIMIZED ERRORS TO DRIVE MARKET 105
TABLE 39 MOTION CONTROLLERS: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 105
TABLE 40 MOTION CONTROLLERS: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 106
FIGURE 38 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE OF MOTION CONTROLLERS DURING FORECAST PERIOD 106
TABLE 41 MOTION CONTROLLERS: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 107
TABLE 42 MOTION CONTROLLERS: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 107
8.6 SENSORS AND FEEDBACK DEVICES 107
8.6.1 CONTACTLESS SWITCHING, POSITION DETECTION, AND PRESSURE DETECTION APPLICATIONS TO DRIVE MARKET 107
TABLE 43 SENSORS AND FEEDBACK DEVICES: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 108
TABLE 44 SENSORS AND FEEDBACK DEVICES: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 108
TABLE 45 SENSORS AND FEEDBACK DEVICES: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 109
TABLE 46 SENSORS AND FEEDBACK DEVICES: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 109
8.7 SOFTWARE AND SERVICES 109
8.7.1 UTILIZATION IN NETWORKING MANAGEMENT SOFTWARE TO DRIVE MARKET 109
TABLE 47 SOFTWARE AND SERVICES: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 110
TABLE 48 SOFTWARE AND SERVICES: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 110
TABLE 49 SOFTWARE AND SERVICES: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 111
TABLE 50 SOFTWARE AND SERVICES: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 111
9 MOTION CONTROL MARKET, BY SYSTEM 112
9.1 INTRODUCTION 113
FIGURE 39 CLOSED-LOOP SYSTEMS TO HOLD LARGEST MARKET DURING FORECAST PERIOD 113
TABLE 51 MOTION CONTROL MARKET, BY SYSTEM, 2020–2023 (USD MILLION) 113
TABLE 52 MOTION CONTROL MARKET, BY SYSTEM, 2024–2029 (USD MILLION) 113
9.2 OPEN-LOOP SYSTEMS 114
9.2.1 LOW MAINTENANCE COST TO DRIVE MARKET 114
9.3 CLOSED-LOOP SYSTEMS 114
9.3.1 CAPABILITIES TO REDUCE SENSITIVITY AND IMPROVE STABILITY OF SYSTEMS TO DRIVE MARKET 114
10 MOTION CONTROL MARKET, BY INDUSTRY 116
10.1 INTRODUCTION 117
FIGURE 40 MOTION CONTROL MARKET, BY INDUSTRY 117
FIGURE 41 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF MOTION CONTROL MARKET DURING FORECAST PERIOD 118
TABLE 53 MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 118
TABLE 54 MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 119
10.2 AEROSPACE 119
10.2.1 NEED FOR PRECISE AIRCRAFT COMPONENT MANUFACTURING TO DRIVE MARKET 119
TABLE 55 AEROSPACE: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 120
TABLE 56 AEROSPACE: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 120
TABLE 57 AEROSPACE: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 120
TABLE 58 AEROSPACE: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 121
10.3 AUTOMOTIVE 121
10.3.1 ADVANCED DRIVER ASSISTANCE SYSTEMS TO DRIVE MARKET 121
FIGURE 42 EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE OF AUTOMOTIVE INDUSTRY DURING FORECAST PERIOD 122
TABLE 59 AUTOMOTIVE: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 122
TABLE 60 AUTOMOTIVE: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 123
TABLE 61 AUTOMOTIVE: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 123
TABLE 62 AUTOMOTIVE: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 123
10.4 SEMICONDUCTOR & ELECTRONICS 124
10.4.1 INSPECTION, WAFER TEST, AND DICING APPLICATIONS TO DRIVE MARKET 124
TABLE 63 SEMICONDUCTOR & ELECTRONICS: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 125
TABLE 64 SEMICONDUCTOR & ELECTRONICS: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 125
TABLE 65 SEMICONDUCTOR & ELECTRONICS: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 125
TABLE 66 SEMICONDUCTOR & ELECTRONICS: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 126
10.5 METALS & MACHINERY 126
10.5.1 NEED FOR EFFICIENT ASSEMBLY LINES AND AUTOMATION IN MANUFACTURING HUBS TO DRIVE MARKET 126
TABLE 67 METALS & MACHINERY: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 127
TABLE 68 METALS & MACHINERY: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 127
TABLE 69 METALS & MACHINERY: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 127
TABLE 70 METALS & MACHINERY: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 128
10.6 FOOD & BEVERAGES 128
10.6.1 FILLING, CAPPING, LABELING, PACKING, AND PALLETIZING ACTIVITIES TO DRIVE MARKET 128
FIGURE 43 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE OF FOOD & BEVERAGES INDUSTRY DURING FORECAST PERIOD 129
TABLE 71 FOOD & BEVERAGES: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 129
TABLE 72 FOOD & BEVERAGES: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 130
TABLE 73 FOOD & BEVERAGES: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 130
TABLE 74 FOOD & BEVERAGES: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 130
10.7 MEDICAL DEVICES 131
10.7.1 DIAGNOSTIC IMAGING AND SURGICAL ROBOTICS TO DRIVE MARKET 131
TABLE 75 MEDICAL DEVICES: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 131
TABLE 76 MEDICAL DEVICES: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 132
TABLE 77 MEDICAL DEVICES: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 132
TABLE 78 MEDICAL DEVICES: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 132
10.8 PRINTING & PAPER 133
10.8.1 3D PRINTING TECHNOLOGY TO DRIVE MARKET 133
TABLE 79 PRINTING & PAPER: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 133
TABLE 80 PRINTING & PAPER: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 134
TABLE 81 PRINTING & PAPER: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 134
TABLE 82 PRINTING & PAPER: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 134
10.9 PHARMACEUTICALS & COSMETICS 135
10.9.1 RETRIEVAL, PLACEMENT, AND FILLING OF CONTAINERS TO DRIVE MARKET 135
TABLE 83 PHARMACEUTICALS & COSMETICS: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 135
TABLE 84 PHARMACEUTICALS & COSMETICS: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 136
TABLE 85 PHARMACEUTICALS & COSMETICS: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 136
TABLE 86 PHARMACEUTICALS & COSMETICS: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 136
10.10 OTHER INDUSTRIES 137
TABLE 87 OTHER INDUSTRIES: MOTION CONTROL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 137
TABLE 88 OTHER INDUSTRIES: MOTION CONTROL MARKET, BY OFFERING, 2024–2029 (USD MILLION) 138
TABLE 89 OTHER INDUSTRIES: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 138
TABLE 90 OTHER INDUSTRIES: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 138
11 MOTION CONTROL MARKET, BY REGION 139
11.1 INTRODUCTION 140
FIGURE 44 MOTION CONTROL MARKET IN INDIA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 140
TABLE 91 MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 92 MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 141
11.2 NORTH AMERICA 141
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 142
FIGURE 45 NORTH AMERICA: MOTION CONTROL MARKET SNAPSHOT 143
TABLE 93 NORTH AMERICA: MOTION CONTROL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 143
TABLE 94 NORTH AMERICA: MOTION CONTROL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 144
TABLE 95 NORTH AMERICA: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 144
TABLE 96 NORTH AMERICA: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 145
11.2.2 US 145
11.2.2.1 Smart manufacturing and Industry 4.0 initiatives to drive market 145
11.2.3 CANADA 146
11.2.3.1 Integration of robotics with collaborative technologies and other smart safety products and appliances to drive market 146
11.2.4 MEXICO 147
11.2.4.1 Association for Advancing Automation to drive market 147
11.3 EUROPE 147
11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 147
FIGURE 46 EUROPE: MOTION CONTROL MARKET SNAPSHOT 148
TABLE 97 EUROPE: MOTION CONTROL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 148
TABLE 98 EUROPE: MOTION CONTROL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 149
TABLE 99 EUROPE: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 149
TABLE 100 EUROPE: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 150
11.3.2 UK 150
11.3.2.1 Made Smarter initiative and government funding to drive market 150
11.3.3 FRANCE 151
11.3.3.1 Industrie du Futur initiative and Industrial Plants of the Future plan to drive market 151
11.3.4 GERMANY 151
11.3.4.1 Growing use of industrial robots in assembling, machine tending, painting, and welding to drive market 151
11.3.5 REST OF EUROPE 152
11.4 ASIA PACIFIC 152
11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 152
FIGURE 47 ASIA PACIFIC: MOTION CONTROL MARKET SNAPSHOT 153
TABLE 101 ASIA PACIFIC: MOTION CONTROL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 153
TABLE 102 ASIA PACIFIC: MOTION CONTROL MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 154
TABLE 103 ASIA PACIFIC: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 154
TABLE 104 ASIA PACIFIC: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 155
11.4.2 CHINA 155
11.4.2.1 Made in China 2025 initiative to drive market 155
11.4.3 JAPAN 156
11.4.3.1 Shift toward EV and adoption of motion control solutions in assembly lines to drive market 156
11.4.4 INDIA 156
11.4.4.1 SAMARTH Udyog Bharat 4.0 initiative and improved infrastructure to drive market 156
11.4.5 SOUTH KOREA 157
11.4.5.1 Increased adoption of hybrid electric vehicles to drive market 157
11.4.6 REST OF ASIA PACIFIC 157
11.5 REST OF THE WORLD 158
11.5.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 158
TABLE 105 REST OF THE WORLD: MOTION CONTROL MARKET, BY REGION, 2020–2023 (USD MILLION) 158
TABLE 106 REST OF THE WORLD: MOTION CONTROL MARKET, BY REGION, 2024–2029 (USD MILLION) 158
TABLE 107 REST OF THE WORLD: MOTION CONTROL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 159
TABLE 108 REST OF THE WORLD: MOTION CONTROL MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 159
11.5.2 SOUTH AMERICA 160
11.5.2.1 Growing mining sector and rising demand for AI and IIoT-based solutions and software to drive market 160
11.5.3 GCC 160
11.5.3.1 Expansion of oil & gas and automotive sectors to drive market 160
11.5.4 AFRICA & REST OF MIDDLE EAST 160
11.5.4.1 Assistance from International Monetary Fund to drive market 160
12 COMPETITIVE LANDSCAPE 162
12.1 OVERVIEW 162
12.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 162
TABLE 109 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 162
12.3 REVENUE ANALYSIS, 2018–2022 163
FIGURE 48 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 163
12.4 MARKET SHARE ANALYSIS, 2023 164
TABLE 110 MOTION CONTROL MARKET: DEGREE OF COMPETITION 164
FIGURE 49 MARKET SHARE ANALYSIS, 2023 164
12.5 COMPANY EVALUATION MATRIX, 2023 166
12.5.1 STARS 166
12.5.2 EMERGING LEADERS 166
12.5.3 PERVASIVE PLAYERS 166
12.5.4 PARTICIPANTS 166
FIGURE 50 COMPANY EVALUATION MATRIX, 2023 167
12.5.5 COMPANY FOOTPRINT 168
TABLE 111 KEY COMPANIES: COMPANY FOOTPRINT 168
TABLE 112 KEY COMPANIES: OFFERING FOOTPRINT 169
TABLE 113 KEY COMPANIES: INDUSTRY FOOTPRINT 170
TABLE 114 KEY COMPANIES: REGION FOOTPRINT 171
12.6 START-UP/SME EVALUATION MATRIX, 2023 172
12.6.1 PROGRESSIVE COMPANIES 172
12.6.2 RESPONSIVE COMPANIES 172
12.6.3 DYNAMIC COMPANIES 172
12.6.4 STARTING BLOCKS 172
FIGURE 51 START-UP/SME EVALUATION MATRIX, 2023 173
12.6.5 COMPETITIVE BENCHMARKING 174
TABLE 115 KEY START-UPS/SMES 174
TABLE 116 START-UPS/SMES: OFFERING FOOTPRINT 174
TABLE 117 START-UPS/SMES: INDUSTRY FOOTPRINT 175
TABLE 118 START-UPS/SMES: REGION FOOTPRINT 175
12.7 COMPETITIVE SCENARIO 176
TABLE 119 PRODUCT LAUNCHES, 2020–2023 176
TABLE 120 DEALS, 2020–2023 178
TABLE 121 OTHERS, 2020–2023 179
13 COMPANY PROFILES 181
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13.1 KEY PLAYERS 181
13.1.1 ABB 181
TABLE 122 ABB: COMPANY OVERVIEW 181
FIGURE 52 ABB: COMPANY SNAPSHOT 182
TABLE 123 ABB: PRODUCTS OFFERED 182
TABLE 124 ABB: PRODUCT LAUNCHES 183
TABLE 125 ABB: OTHERS 183
13.1.2 FANUC CORPORATION 185
TABLE 126 FANUC CORPORATION: COMPANY OVERVIEW 185
FIGURE 53 FANUC CORPORATION: COMPANY SNAPSHOT 186
TABLE 127 FANUC CORPORATION: PRODUCTS OFFERED 186
13.1.3 MITSUBISHI ELECTRIC CORPORATION 188
TABLE 128 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 188
FIGURE 54 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 189
TABLE 129 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 189
TABLE 130 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES 190
TABLE 131 MITSUBISHI ELECTRIC CORPORATION: DEALS 191
TABLE 132 MITSUBISHI ELECTRIC CORPORATION: OTHERS 191
13.1.4 SIEMENS 192
TABLE 133 SIEMENS: COMPANY OVERVIEW 192
FIGURE 55 SIEMENS: COMPANY SNAPSHOT 193
TABLE 134 SIEMENS: PRODUCTS OFFERED 193
TABLE 135 SIEMENS: PRODUCT LAUNCHES 194
TABLE 136 SIEMENS: DEALS 194
13.1.5 YASKAWA ELECTRIC CORPORATION 196
TABLE 137 YASKAWA ELECTRIC CORPORATION: COMPANY OVERVIEW 196
FIGURE 56 YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 197
TABLE 138 YASKAWA ELECTRIC CORPORATION: PRODUCTS OFFERED 198
TABLE 139 YASKAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES 198
TABLE 140 YASKAWA ELECTRIC CORPORATION: OTHERS 199
13.1.6 REGAL REXNORD CORPORATION 200
TABLE 141 REGAL REXNORD CORPORATION: COMPANY OVERVIEW 200
FIGURE 57 REGAL REXNORD CORPORATION: COMPANY SNAPSHOT 201
TABLE 142 REGAL REXNORD CORPORATION: PRODUCTS OFFERED 202
TABLE 143 REGAL REXNORD: PRODUCT LAUNCHES 203
TABLE 144 REGAL REXNORD: DEALS 203
13.1.7 ROBERT BOSCH GMBH 204
TABLE 145 ROBERT BOSCH GMBH: COMPANY OVERVIEW 204
FIGURE 58 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 205
TABLE 146 ROBERT BOSCH GMBH: PRODUCTS OFFERED 206
13.1.8 PARKER HANNIFIN CORP 207
TABLE 147 PARKER HANNIFIN CORP: COMPANY OVERVIEW 207
FIGURE 59 PARKER HANNIFIN CORP: COMPANY SNAPSHOT 208
TABLE 148 PARKER HANNIFIN CORP: PRODUCTS OFFERED 208
TABLE 149 PARKER HANNIFIN CORP: PRODUCT LAUNCHES 209
13.1.9 ROCKWELL AUTOMATION 210
TABLE 150 ROCKWELL AUTOMATION: COMPANY OVERVIEW 210
FIGURE 60 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 211
TABLE 151 ROCKWELL AUTOMATION: PRODUCTS OFFERED 211
TABLE 152 ROCKWELL AUTOMATION: PRODUCT LAUNCHES 212
TABLE 153 ROCKWELL AUTOMATION: DEALS 212
13.1.10 NOVANTA INC. 213
TABLE 154 NOVANTA INC.: COMPANY OVERVIEW 213
FIGURE 61 NOVANTA INC.: COMPANY SNAPSHOT 214
TABLE 155 NOVANTA INC.: PRODUCTS OFFERED 214
TABLE 156 NOVANTA INC.: DEALS 215
13.2 OTHER PLAYERS 216
13.2.1 DOVER MOTION 216
13.2.2 OMRON CORPORATION 217
13.2.3 ALLIED MOTION, INC. 218
13.2.4 AMETEK, INC. 219
13.2.5 ADTECH (SHENZHEN) TECHNOLOGY CO., LTD. 220
13.2.6 POWERTEC 221
13.2.7 DELTA ELECTRONICS, INC. 222
13.2.8 BAUMÜLLER 223
13.2.9 MOONS’ 224
13.2.10 ELMO MOTION CONTROL LTD. 225
13.2.11 ABSOLUTE MACHINE TOOLS 225
13.2.12 IQ MOTION CONTROL 226
13.2.13 APPTRONIK 226
13.2.14 GALIL 227
13.2.15 ANALOG DEVICES, INC. 227
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT MARKET 228
14.1 ENCODER MARKET 228
14.2 INTRODUCTION 228
FIGURE 62 ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 228
TABLE 157 ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 229
TABLE 158 ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 229
14.3 INDUSTRIAL 230
14.3.1 INCREASING USE OF ENCODERS IN ROBOTICS AND FACTORY AUTOMATION TO DRIVE MARKET 230
TABLE 159 INDUSTRIAL: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 230
TABLE 160 INDUSTRIAL: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 230
TABLE 161 INDUSTRIAL: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 231
TABLE 162 INDUSTRIAL: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 231
14.4 HEALTHCARE 231
14.4.1 ADOPTION OF SURGICAL ROBOTS IN MEDICAL APPLICATIONS TO DRIVE MARKET 231
TABLE 163 HEALTHCARE: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 232
TABLE 164 HEALTHCARE: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 232
TABLE 165 HEALTHCARE: ENCODER MARKET, BY REGION, 2019–2022(USD MILLION) 232
TABLE 166 HEALTHCARE: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 233
14.5 CONSUMER ELECTRONICS 233
14.5.1 PROLIFERATION OF LINEAR MOTOR ENCODERS IN ELECTRICAL APPLIANCES TO DRIVE MARKET 233
TABLE 167 CONSUMER ELECTRONICS: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 233
TABLE 168 CONSUMER ELECTRONICS: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 234
TABLE 169 CONSUMER ELECTRONICS: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 234
TABLE 170 CONSUMER ELECTRONICS: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 234
14.6 AUTOMOTIVE 235
14.6.1 TREND OF AUTOMATION IN AUTOMOBILES TO DRIVE MARKET 235
TABLE 171 AUTOMOTIVE: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 235
TABLE 172 AUTOMOTIVE: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 235
TABLE 173 AUTOMOTIVE: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 236
TABLE 174 AUTOMOTIVE: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 236
14.7 POWER 236
14.7.1 COMPLEXITIES IN SOLAR AND WIND ENERGY APPLICATIONS TO DRIVE MARKET 236
TABLE 175 POWER: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 237
TABLE 176 POWER: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 237
TABLE 177 POWER: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 237
TABLE 178 POWER: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 237
14.8 FOOD & BEVERAGE 238
14.8.1 INTEGRATION OF IO-LINK TECHNOLOGY INTO ENCODERS TO DRIVE MARKET 238
TABLE 179 FOOD & BEVERAGE: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 238
TABLE 180 FOOD & BEVERAGE: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 239
TABLE 181 FOOD & BEVERAGE: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 239
TABLE 182 FOOD & BEVERAGE: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 239
14.9 AEROSPACE 240
14.9.1 NEED FOR PRECISION CONTROL TECHNOLOGY IN AIRBORNE SYSTEMS TO DRIVE MARKET 240
TABLE 183 AEROSPACE: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 240
TABLE 184 AEROSPACE: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 240
TABLE 185 AEROSPACE: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 240
TABLE 186 AEROSPACE: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 241
14.10 PRINTING 241
14.10.1 HIGH DEMAND FOR ROTARY ENCODERS IN PRINTING APPLICATIONS AND OFFICE EQUIPMENT TO DRIVE MARKET 241
TABLE 187 PRINTING: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 242
TABLE 188 PRINTING: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 242
TABLE 189 PRINTING: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 242
TABLE 190 PRINTING: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 243
14.11 TEXTILE 243
14.11.1 INTEGRATION OF ENCODERS IN WEAVING & KNITTING PROCESSES TO DRIVE MARKET 243
TABLE 191 TEXTILE: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 243
TABLE 192 TEXTILE: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 244
TABLE 193 TEXTILE: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 244
TABLE 194 TEXTILE: ENCODER MARKET, BY REGION, 2023–2028(USD MILLION) 244
14.12 OTHER APPLICATIONS 245
TABLE 195 OTHER APPLICATIONS: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 245
TABLE 196 OTHER APPLICATIONS: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 245
TABLE 197 OTHER APPLICATIONS: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 245
TABLE 198 OTHER APPLICATIONS: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 246
15 APPENDIX 247
15.1 INSIGHTS FROM INDUSTRY EXPERTS 247
15.2 DISCUSSION GUIDE 248
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 251
15.4 CUSTOMIZATION OPTIONS 253
15.5 RELATED REPORTS 253
15.6 AUTHOR DETAILS 254