Demand for Motion Control Technology in Gaming Industry to Create US$ 25 Bn Incremental Opportunity by 2026

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Fact.MR projects the motion control market to exhibit 5% CAGR between 2021 and 2031. Sales of motion control are expected to total US$ 19.5 Bn through 2021 and beyond. Increasing application of motion control systems across diverse end-use industries such as electronics, automotive, and manufacturing will continue to drive the sales.

Historically, the market grew at 4% CAGR during 2016 and 2020. Sales of motion control systems toped US$ 18.6 Bn by 2020-end. Steered by COVID-19 outbreak, the demand for gaming equipment and controllers soar.

With the increasing adoption of gaming equipment and products, adoption of motion control systems is accelerated. As the popularity of gaming products such as Play Station increased, key players increased their focus on integration of advanced technology such as artificial intelligence to introduce new products.

For instance, in June 2021, a leading player in gaming industry, Nintendo Wii launched a new version of Legend of Zelda, which is equipped with advanced motion control systems for better gaming experience.

Increasing demand for automation in manufacturing, automotive, and construction industry also has resulted in high demand for motion controlled industrial equipment for improved efficiency. Hence, market players are integrating motion control systems with cutting-edge technologies such as industrial internet of things (IIoT) to cater the dynamic requirements of various industries.

On the backdrop of this, Fact.MR projects sales of motion control to surpass the valuation of over US$ 30.5 Bn during the forecast period.

"Increasing need for improved efficiency, automation, and precision in manufacturing, automotive, electronics, and construction industries, key players are compelled to adopt advanced technologies such as artificial intelligence, big data analytics, and IIoT to capitalize on this opportunity, creating lucrative revenues over the forecast period," says a Fact.MR analyst.

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Key Takeaways from Motion Control Market Survey

• AC servo segment is expected to dominate in terms of component type, surpassing US$ 2.4 Bn through 2021
• In terms of application, metal cutting segment will register highest revenue growth, exceeding US$ 2 Bn by 2031
• Based on technology type, computer numerical control segment will lead the market growth reaching valuation of over US$ 4 Bn by 2026
• Asia is expected to be one of the most lucrative markets, with China projected to remain at the fore
• Germany is expected to dominate the Europe motion control market
• The U.S. will lead North America motion control market, with the market expanding at 5% CAGR across North America in 2031

Key Drivers

• Increasing adoption of motion control systems within food & beverage and manufacturing industries to comply with stringent safety regulations implemented by various governments will boost the market
• Surging need for automation and robotic tools in the manufacturing and automotive industries will spur the market growth
• Integration of advanced technologies such as industrial internet of things (IIoT) in motion control systems will aid the adoption within construction and automotive industries

Key Restraints

• Due to high replacement and maintenance cost, end users are reluctant to invest in motion-control technology. This might hamper the sales.
• Dearth of skilled workforce in the automation field and low-cost design motion control systems are likely to act as a challenge for market players.

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Competitive Landscape

Driven by the presence of numerous leading players, competition in the market is expected to be remain high. Key players are therefore focusing on new product launches in order to gain competitive edge.

Also, leading players are investing in product development and research activities to establish their strong foothold. Adoption of expansion strategies such as mergers, acquisitions, and collaboration with other key players is on the cards. For instance,

• In July 2021, Novanta Inc. a global technology partner to medical and advanced technology equipment manufacturers announced the acquisition of Schneider Electric Motion USA for US$ 115 million.
• In May 2021, XD Motion announced the launch of its new motion-control robotic camera system, Arcam, for its broadcast application features as a six-axis robotic arm.
• In 2020, Motion Industries Inc., a global distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Co. announced the acquisition of Applied Machine and Motion Control Inc. in September.

Some of the leading market players operating in the motion control market profiled by Fact.MR are:

• YASKAWA Electric Corporation
• Fanuc Corporation
• Rockwell Automation Inc.
• Mitsubishi Electric Corporation
• Performance Motion Devices Inc.
• Microsoft Corporation Inc.
• Robert Bosch GmbH
• Siemens AG
• ABB Ltd
• Schneider Electric S.E
• Moog Inc.
• Parker-Hannifin Corp.
• Others

More Valuable Insights on Motion Control Market

Fact.MR, in its new report, offers an unbiased analysis of the global motion control market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in motion control market with detailed segmentation:

By Component Type:

• Motion Controllers
• AC Drives
• AC Servo Motors
• Sensors & Feedback Services
• Actuator & Mechanical Systems
• Others

By End Use:

• Food & Beverage
• Plastics & Rubbers
• Electrical & Electronics
• Paper & Printing
• Fabricated Metal Manufacturing
• Packaging & Labelling
• Automotive
• Construction
• Machinery
• Other End Uses

By Technology:

• Computer Numerical Control
• General Motion Control

By Application:

• Metal Cutting
• Metal Forming
• Material Handling Equipment
• Robotics
• Semiconductor Machinery
• Rubber & Plastics
• Machinery
• Other Applications

Key Questions Covered in the Motion Control Market Report 

• The market survey also highlights projected sales growth for motion control market between 2021 and 2031
• The report offers insight into motion control demand outlook for 2021-2031
• Motion control market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
• Motion control market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trust us in critical decision making.

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SOURCE Fact.MR

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