The multi-axis motion controller market is expected to be valued at US$ 8.5 billion in 2022 and US$ 20.3 billion by 2032, with a CAGR of 9.1% from 2022 to 2032. The capacity to control an object’s motion on numerous axes is predicted to raise demand for multi-axis motion controllers throughout the forecast period of 2022 to 2032.
Multi-axis motion controllers can be built with both digital (such as digital computers) and analog components, which is predicted to boost multi-axis motion controller sales in the future year. The multi-axis motion controller is a component of automation that includes moving machine elements.
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Multi-axis Motion Controller Market: Drivers & Restraints
In the recent past, a concept known as Internet of Things (IoT) for customized products has emerged. This concept, making its way through the market has brought about an Industrial revolution along with the concept of Industry 4.0.
The emergence of IoT is likely to drive the Multi-axis Motion Controller Market. Also, one of the factors expected to push the growth of Multi-axis Motion Controller market is the increased adoption and demand for motion controllers in the APAC (Asia-Pacific) region
. As the machines used in the industries are gradually becoming electromechanically or electrically operated, the demand for multi-axis motion controllers is also increasing at a fast pace, especially in the machine tools segment. Also, electric discharge machining and laser cutting machining are high potential areas where growth is estimated at a high CAGR in the forecast period 2017-2021.
Multi-axis motion controllers provide very high levels of precision control and accuracy and hence have a very high demand in the semiconductor segment of multi-axis motion controller market. Low- cost manufacturers of Asia region have a competitive strategy for deciding the prices of multi-axis motion controllers. This factor may restrain the growth of Multi-axis Motion Control Market.
Who are Some of the Key Competitors in the Multi-axis Motion Controller Market?
Some of the major players in the multi-axis motion control market are:-
- ABB
- Mitsubishi Electric
- Galil
- Parker Hannifin
- Bosch Rexroth
These key players are contributing lion’s share while focusing and contributing their efforts on various technical methodologies and adoption including mergers, partnerships, collaborations, acquisitions and others.
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Multi-axis Motion Controller Market: Regional Outlook
The APAC (Asia-Pacific) region is said to be global leader in the multi-axis motion controller production, accounting for around significant share of the Multi-axis Motion Controller market share.
This figure is estimated to go further up in the estimated period 2017-2021. The APAC region has seen a rise in the investments made in the machinery production field, which has in turn lead to an increase in the demand for the multi-axis motion controller.
Asia is a region rich in raw materials, labor and land, available at an affordable cost. Hence, key players of the Multi-axis Motion Controller Market are willing to make huge investments in the manufacturing sector in the Asia region.
Multi-axis Motion Controller Market Outlook by Category
By End User:
- Packaging and Labeling
- Machine Tools
- Material Handling
- Semiconductor
- Others
By Applications:
- GMC
- Material Handling
- Robotics and CNC
- Packaging and Labeling
- Semiconductor Process
- Flight Simulator
- Semiconductor
By Product Type:
- Digital Signal Processing Type
- Analog Circuit Type
- Programmable Logic Type
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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