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Nov 17, 2020 (The Expresswire) —
The global GMC based motion controller market is set to witness steady growth owing to the increasing demand for smart technologies in the manufacturing sector. Key market insights have been shared by Fortune Business Insights in its report, titled “GMC based Motion ControllerMarket Size, Share and Global Trend By Type of Axis (Multi Axis, Single Axis), By Precision (Very High Precision, High Precision, Standard), By Product (PLC Based, Stand Alone, PC Based), By Application (Electronics and Assembly, Medical and Scientific, Packaging and Labelling, Machine Tools, Robotics), and Geography Forecast till 2026”.
For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/gmc-based-motion-controller-market-100634
The report offers key insights into the market and comprehensively analyses the key factors that will impact market growth. General Motion Control (GMC) systems are technologies that enable the precise control torque, velocity, and position of rotational or linear electromechanical devices. Motion controllers facilitate the coordination and synchronization of rotational or linear position of one or more axes of motion. In the manufacturing sector where industrial automation is becoming a norm, GMC systems most commonly employed include positioning tables, rotary tables, and cylindrical rollers. These systems are mainly used in discrete industries such as furniture, toys, automobiles, smartphones, and airplanes.
Top Players Overview:
- Allied Motion Inc.
- Moog Inc.
- ABB Ltd.
- Delta Electronics Inc.
- Mitsubishi Electric Corporation
- Fuji Electric Co. Ltd
- National Instruments Inc.
- Schneider Electric S.E.
- Omron Corporation
- Rockwell Automation Inc.
- Toshiba Corporation
- Siemens AG
- Yokogawa Electric Corp.
- YASKAWA Electric Corporation.
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Increasing Digitalization to Drive the Market
In order to enhance efficiency in production process and to ensure optimum utilization of resources, manufacturing industries are rapidly digitizing their operations and processes. The global GMC based motion controller market is expected to rise as digitalization is proving cost-effective to manufacturing companies. Digitalization is also expected to reduce maintenance costs as any kind of machine failure can be detected in advanced and any damage can be mitigated.
The global GMC based motion controller market also stands to benefit from the rising adoption of smart technologies based on artificial intelligence to improve efficiency of processes. Motion controller equipment have gained popularity as a result.
- By Type of Axis
- By Precision
- Very High Precision
- High Precision
- By Product
- PLC Based
- Stand Alone
- PC Based
- By Application
- Electronics and Assembly
- Medical and Scientific
- Packaging and Labelling
- Machine Tools
- By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
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Growing Safety Concerns to Boost the Market
The global GMC based motion controller market is anticipated to gain considerable momentum during the forecast period on account of rising safety concerns. Motion controller systems can be installed in a wide variety of industries, particularly those that involve dangerous work and where accidents can prove fatal. For example, it was recently found that at least one million workers die every year in Asia-Pacific due to hazardous working conditions. These developments augur well for the overall market growth of the GMC based motion controllers.
Key Market Driver
- Rising adoption of advanced and automated processes to enable factory automation
- Inclination towards safety-enabled productivity in industrial processes
- Capability to provide high levels of precision control and accuracy
Key Market Restraint–
- Requires high maintenance and replacement cost
New Product Offerings and Innovation to Determine Market Competition
The global GMC based motion controller market is expected to experience intense competition as participants apply different strategies to stay ahead in the game. This is being done through diversification of product portfolios, increased investment in research and development, and collaborations. For example, in July 2019, Mitsubishi Electric developed an AI-based diagnostic technology that uses machine learning to detect any abnormalities in machine functioning. Large players are also acquiring their competitors in a bid to secure their market position globally. For example, Allied Technologies took over TCI in 2018 to resolve issues related to industrial power conversion. Other key players identified by Fortune Business Insights include Siemens AG, Fuji Electric, Toshiba Corporation, Rockwell Automation, Delta Electronics, Omron Corporation, and a few others.
Key Industry Developments
- December 2018:Allied Motion Technologies Inc. announced the acquisition of TCI, LLC, a leading developer and manufacturer of active and passive electronic products US$ 64.1 Mn. The deal was aimed to resolve power quality and harmonic issues associated with industrial power conversion.
- May 2019 Moog announced that its innovative product offering called ‘Total Solution’ for Electric, Hydraulic and Hybrid Motion Control will be showcased at SPS IPC Drives Italia 2019
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Asia-Pacific to Grow in Importance
Among regions, Asia-Pacific is expected to occupy a prominent market position in the global GMC based motion controller market during the forecast period. This is predicated on the growing demand for advanced technologies in the rapidly developing manufacturing sectors, especially in countries like India. Promotional activities undertaken by the government are also expected to help the cause of the global GMC based motion controller market.
North America, too, is expected to have a significant market presence in the coming decade as industries in the region shift their demand to multi-axis motion controllers. Increasing number of operations being performed electronically has been cited as the main reason for the market in North America to grow.
Major Table of Content ForGMC based Motion Controller Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global GMC based Motion Controller Market Analysis, Insights and Forecast, 2026
- North America GMC based Motion Controller Market Analysis, Insights and Forecast, 2026
- Europe GMC based Motion Controller Market Analysis, Insights and Forecast, 2026
- Asia Pacific GMC based Motion Controller Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa GMC based Motion Controller Market Analysis, Insights and Forecast, 2026
- Latin America GMC based Motion Controller Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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Press Release Distributed by The Express Wire
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