Market Trends of Safety Motion Control Industry
This section covers the major market trends shaping the Safety Motion Control Market according to our research experts:
Automotive Industry to Witness Huge Demand
- The demand for safety motion control systems in the automotive industry has seen a marked increase due to the developments in the manufacturing and assembly processes of HCV’s and high-end motor vehicles.
- High-end motion controllers are used in the automotive industry for controlling the movements of mechanical parts in the production process. Safety motion control systems are extensively used during the manufacturing of major components, like engines and driver assistance systems.
- All the important automotive suppliers have been relying on motion control systems to optimize their production chains through actuators and robotic arms. Furthermore, assembling and maintenance processes are also witnessing increased adoption of safety motion control systems.
- For instance, vehicle assembly (an exhaustive process requiring high levels of precision and throughput) has been using safety control systems widely for performing repetitive tasks for using minimal resources.
- Moreover, the increase in the production of automobile vehicles is expected to drive the motion controller market. According to the Motion Control and Motor Association, the global motion control and the motor market experienced record growth in 2018, with USD 3.827 billion in shipments, increasing by 8% from 2017. The largest categories within the overall market were motors (40%), actuators and mechanical systems (19%), and electronic drives (17%).
- Owing to the ongoing recession in automotive manufacturing was further hit by nation-wide lockdown, which could also result in a decrease in demand for some vendors for the short term. For instance, Germany-based Siemens AG’s orders for the Digital Industries segment declined from EUR 16,287 million, in 2018, to EUR 15,944 million in 2019, a decrease of 4%, largely as a result of weakened demand in the motion control and short-cycle factory automation businesses. To which company faced adverse market conditions during the fiscal year 2019, particularly in the automotive and machine-building industries. However, the crisis is also expected to create new opportunities and revenue streams in the market.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific to Witness Fastest Growth
- Due to the growing adoption of automation across the various end-user industries in the region, Asia-Pacific is emerging as one of the most significant safety motion control devices. The energy concern in the region is also increasing the adoption of advanced tools and motivating many companies to invest in machine safety devices, further driving the growth market.
- The region is also a manufacturing hub for many global markets, and automation has become a major requirement in these facilities. Manufacturing is a major contributor to China's economy, and it is undergoing a rapid transformation. The country's industrial control system has emerged across various fields, like the energy, transportation, water, and municipal sectors. Due to the deep integration and rapid development of the IoT, the networked control system is becoming the development trend of industrial automation in China.
- Additionally, Initiatives like industry 4.0 and 'Made in China 2025' in China, further fueled the market growth to ensure efficiency in the motor controls and aid in easy integration with advanced technologies.
- Also, the emerging economies such as India offers vast potential for the studied market vendors. The country is regarded as a newly industrialized landscape due to increasing investment in advanced technologies, turning out to be a preferred manufacturing hub. The country plans to achieve 175 GW of installed renewable capacity, which includes solar and wind power by 2022, driving the market for machine condition monitoring and safety control. The country plans to derive 40% of the energy from renewable sources by 2030, at 15% at present.
Get Analysis on Important Geographic Markets
Download Sample
