How big is the Motion Control Market?

The Motion Control Market size is expected to reach USD 17.33 billion in 2024 and grow at a CAGR of 4.97% to reach USD 22.09 billion by 2029. Read More

What is the current Motion Control Market size?

In 2024, the Motion Control Market size is expected to reach USD 17.33 billion. Read More

Who are the key players in Motion Control Market?

Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd. and Omron Corporation are the major companies operating in the Motion Control Market. Read More

Which is the fastest growing region in Motion Control Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Motion Control Market?

In 2024, the Asia-Pacific accounts for the largest market share in Motion Control Market. Read More

What years does this Motion Control Market cover, and what was the market size in 2023?

In 2023, the Motion Control Market size was estimated at USD 16.51 billion. The report covers the Motion Control Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Motion Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Motion Control Market Share

Statistics for the 2023 & 2024 Motion Control market share, created by Mordor Intelligence™ Industry Reports. Motion Control share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Motion Control Industry

The motion control market is highly competitive and consists of several major players. These major players with a prominent share in the market are expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. Some of the recent developments in the market are:

December 2021 - ACS Motion Control has released two new products in the SPiiPlus series of EtherCAT-based motion controllers and motor drives. The CMxa and UDMxa are intended for micron to nanometer resolution applications and demand velocity control requirements standard in laser micromachining, metrology, inspection, alignment, and other high-precision industrial applications.
November 2021 - STXI Motion, a global motion control and servo solution company, presented a range of low-voltage motion solutions for decentralized architecture at SPS 2021.