Market Snapshot

Market Overview

The global Motion Control Market size is projected to reach a CAGR of 5.2% from 2023-2030.

A motion-control system initiates and controls the movement of a load to perform work. It is capable of precise speed, position, and torque control. Examples of the use of motion control are applications requiring the positioning of a product, synchronization of separate elements, or the rapid start and stop of motion. Motion control systems are comprised of three basic components, that is, controller, drive or amplifier, and motor.

An increase in the adoption of advanced and automated processes for factory automation is the prime factor that drives the growth of the motion control market. The adoption of motion control systems is increased due to ease of use and integration of components within motion control systems. Furthermore, the Industrial Revolution 4.0 provides lucrative opportunities for the growth of the motion control market.

On the other hand, the adoption of motion control systems is increased due to ease of use and integration of components within motion control systems.

Due to the spread of COVID-19, most factories, refineries, and manufacturing plants have been shut down or are operating at lower efficiencies amid the ongoing global coronavirus pandemic. Labor shortages, logistics-related delays, and regulatory restrictions are the primary factors challenging manufacturing efficiencies on a global scale.

Delvens Industry Expert's Standpoint

The motion control market is a rapidly growing industry that plays a critical role in numerous fields, including manufacturing, healthcare, aerospace, and robotics. The market is driven by the need for precision control, increasing demand for automation, and advancements in technology. The rise of Industry 4.0 and the Internet of Things (IoT) has also played a significant role in the growth of the motion control market. The market is expected to continue to grow in the coming years, with increasing demand from emerging economies and a focus on improving energy efficiency. However, the market also faces challenges such as high costs and the need for skilled labor. Overall, the motion control market is poised for continued growth and innovation, with exciting developments on the horizon.

Market Portfolio

Key Findings

• On the basis of power source, the smoke detector market is segmented into battery-powered, hardwired with battery backup, and hardwired without battery backup. The hardwired-with-battery backup segment is expected to hold the largest share of the market, this is mainly due to factors such as dependency on the power supply and battery backup. Moreover, these two are interconnected, if a fire is detected in an area, then it will automatically send an alert to another smoke detector.
   
• The product type segment has been segmented into a photoelectric smoke detector, ionization smoke detector, dual sensor smoke detector, and others. The photoelectric smoke detector is expected to hold the largest share in the market, as it responds faster to smoldering smoke, and also it has several properties such as longer shelf life, better work in the harsh atmosphere, less prone to false alarms, and contains no radioactive materials.
   
• The service segment has been segmented into engineering services, installation and design services, maintenance services, managed services, and other services. The maintenance services are expected to hold the largest share in the market, owing to factors such as high revenue generation in maintenance and repair services, also the need for continuous maintenance of the smoke detectors for critical early warning, and maintaining the optimum operating performance of the smoke alarms is highly required for their better functionality.
   
• The end-use segment has been segmented into commercial, residential, oil & gas and mining, transportation and logistics, telecommunication, manufacturing, and others. In 2021, commercial held is expected to hold the largest share in the market; this is mainly due to increased chances of fire incidents in commercial spaces and the wide installation of smoke detectors in commercial buildings.

Regional Analysis

North America to Dominate the Market

• The North American region is expected to dominate the smoke detector market globally as North America has the highest number of fire accidents and deaths due to fire incidents which subsequently increases the need for a smoke detector in the region.
   
• U.S. dominates the Global smoke detector market owing to factors such as increasing cases of fire accidents in the country, strong fire protection laws, and the strong presence of major players in the country. The U.K. dominates the smoke detector market, owing to high cases of death due to fire accidents and surging government focus on fire safety.

Competitive Landscape

• Siemens AG
• ABB Group
• Schneider Electric
• Rockwell Automation Inc.
• STM Microelectronics
• Motion Control Co.
• Emerson Electric Co.
• MKS Instruments Inc.
• Parker Hannifin Co.
• Estun Automation Co. Ltd.
• FANUC Corporation
• Yaskawa Electric Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Altra Industrial Motion Corp.
• Novanta Inc.