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The advanced motion controller market will register a CAGR of almost 6% by 2023
LONDON, Feb. 18, 2019 /PRNewswire/ -- About this market
The process and discrete industries are adopting automation in their manufacturing processes to increase production and operational efficiency. The rising adoption of single-loop and mufti-loop automation solutions in industries has led to an increased need to streamline the connectivity between process machines and control units. Thus, end-user industries are focusing on implementing advanced motion controllers with improved and advanced connectivity. The need to address the increasing communication requirement between the control elements and automation software has increased the adoption of advanced motion controllers. With the advent of Industry 4.0 and the increased communication requirement in an industrial setup, the adoption of advanced motion controllers with faster communication capabilities is expected to increase during the forecast period. Technavio's analysts have predicted that the advanced motion controller market will register a CAGR of almost 6% by 2023.
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Market Overview
Increasing focus on use of integrated motion controllers
Machine building is a complex task for OEMs and end-users as he integration of diverse types of automation systems with different field devices and machinery is difficult. With improvements in communication capabilities and the adoption of industrial PCs, end-users are able to reduce the need for multiple hardware in a single process line.
Standards affecting the design of motion controllers
Machine builders and OEMs need to follow strict standards and regulations while building and integrating motion controllers. Although these standards help builders to effectively manage and control the risks associated with application-specific advanced motion controllers, complying with these standards can be time-consuming and can incur additional costs for machine builders and OEMs.
For the detailed list of factors that will drive and challenge the growth of the advanced motion controller market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
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