The industrial automation motion control system software market is anticipated to grow at a significant CAGR of 3.5% during the forecast period (2022-2028). Motion control is widely utilized in industrial applications, and manufacturers or system integrators including highly specialized equipment and bespoke system design & integration. Innovative control theory, dynamics, kinematics, electronics, simulation, programming, artificial intelligence, and machine design are just a few of the most important factors that go into creating a highly accurate system integration that can control any motions or movements required on industrial premises while also dealing with practical application issues. It is critical to efficiently manage all of the moving components of an industrial control environment, which includes everything from operating machinery to logistic systems. For the whole system’s smooth operation, a variety of servo drives, actuators, and servo motors are combined. With a huge emphasis on high throughput and long-term durability. The major factor driving the growth of the market includes the increasing demand for technological development and a higher diversification in offered products & services.
The global industrial automation motion control system software market is segmented based on component and end-user. Based on the type, the market is sub-segmented into actuators & mechanical systems, motors, motion controllers drives, sensor & feedback devices, and software & services. Among these components, the motion controller segment is expected to propel the growth of the market due to the increasing usage of motion controllers in industry applications. Based on the end-user, the market is sub-segmented into metallurgical & manufacturing, chemical & materials, semiconductor & electronics, automotive & aerospace, food & beverages, and others.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2020, Parker Hannifin Corp. increased its Parker Servo Drive (PSD) product range with the launch of the completely programmable drive. The programmable intelligent servo drive is fully programmable via IEC 61131-3 with a runtime based on widely distributed CODESYS V3.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Component
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Parker Hannifin Corp., Schneider Electric SE, Mitsubishi Electric Corp., ABB Ltd., Siemens Inc., Bosch Rexroth AG, Rockwell Automation Inc., Bosch Rexroth AG, and The Schindler Group Inc., among others.
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Global Industrial Automation Motion Control System Software Market Report by Segment
By Component
- Actuators & Mechanical Systems
- Motors
- Motion Controllers Drives
- Sensor & Feedback Devices
- Software & Services
By End-User
- Metallurgical & Manufacturing
- Chemical & Materials
- Semiconductor & Electronics
- Automotive & Aerospace
- Food & Beverages
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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