Market Trends of MEA Safety Motion Control Industry
This section covers the major market trends shaping the MEA 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 to control mechanical parts' movements in the production process. Safety motion control systems are extensively used to manufacture significant components, like engines and driver assistance systems.
- All the essential automotive suppliers rely 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 precision and throughput) has been using safety control systems widely for performing repetitive tasks using minimal resources.
- The Gulf Cooperation Council (GCC) automotive market is one of the primary sectors of the region. It has achieved sustainable growth over the years. The region's primary market is Saudi Arabia, with the most significant new car sales and auto parts segment. The region is heavily dependent on Japanese and Korean automakers, but it is also a promising market for luxury car brands. Luxury car brands such as Mercedes, Range Rover, and Porsche have begun to gain popularity in the United Arab Emirates (UAE) due to rising consumer disposable income. Meanwhile, the market for used and aftermarket vehicles is also expanding, especially with the COVID-19 pandemic, which has led people to rethink their spending due to increased uncertainty in the global economy.
- In early 2020, the United Arab Emirates explored the possibility of importing luxury sports cars and considered establishing itself as a production base for luxury sports cars shortly. Like the other subregions of the Gulf Cooperation Council, the United Arab Emirates is considering ventures to diversify its economy and reduce its oil and gas revenues.
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Increasing adoption of industrial automation to contribute to market demand.
- Due to the growing adoption of automation across the various end-user industries in the region, the Middle East and Africa 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.
- Following the global economic recession led by COVID-19, the Middle Eastern and African factory automation and industrial control system market have witnessed positive impact from the demand side and mixed impact from the supply side in the first half of 2020. Smart factory initiatives have helped manufacturers overcome COVID-19 challenges and address issues such as workforce reductions, drops in sales for some specific products, social distancing, and extreme pressure to cut operational costs since most enterprises operating in the end-user industries (majorly manufacturing, automotive) had shuttered down their production sites due to lockdown restrictions.
- Saudi Arabia initiated USD 7 billion of renewable energy projects in 2018, with solar plants being the frontrunner. It is part of its plan to install 9.5 gigawatts of solar and wind capacity by 2023. such infrastructural developments are likely to provide for industrial controls and factory automation solutions.
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