Global GMC Based Motion Controller Market To Grow At A CAGR Of 6.7% By 2027
The ‘Global GMC based Motion Controller Market Growth, Share, Size, Trends, Analysis, Report and Forecast 2022-2027, by Expert Market Research, gives an extensive outlook of the global GMC based motion controller market, assessing the market on the basis of its segments like type of axis, products, precision, network communication, applications, and major regions.
GMC based Motion Controller Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview 2017-2027
• Historical Market Size (2021): USD 944.1 Million
• Forecast CAGR (2022-2027): 6.7%
• Forecast Market Size (2027): USD 1394.5 Million
|Market Size in 2021||USD 944.1 Million|
|Revenue Forecast in 2027||USD USD 1394.5 Million|
|Growth Rate CAGR||6.70%|
|Major Players||Moog Inc., Mitsubishi Electric Corporation, Schneider Electric,|
Omron Corporation, and Siemens AG, among others.
The market for GMC-based motion controllers is anticipated to expand throughout the projected period as a result of technological advancements and an increase in the number of GMC-based motion controller manufacturers. In recent years, businesses have started developing innovative PC-based software solutions. The increasing need for specific control systems is one of the main reasons fueling the market’s expansion. Significant potential for the market for GMC-based motion controllers have also been established by industry participants’ high investement in R&D activities.
Additionally, the drive for plant automation to increase equipment efficiency and the growing worries about industrial safety have led to a considerable increase in the use of GMC-based motion controllers.The semiconductor and electronics industries have a significant need for GMC-based motion controllers because of the improvement in processing speed, accuracy, and reliability of motion controllers. During the forecasted period, these elements are anticipated to fuel the growth of the global market. Prospects for GMC-based motion controllers are anticipated in the upcoming years due to the expanding demand from various industries for these devices to ensure worker safety.
GMC based Motion Controller Industry Definition and Major Segments
A sort of motion control known as general motion control (GMC) assists in regulating the speed, position, torque, acceleration, and other properties of machines. With a lower lifecycle cost of plant equipment, the GMC equipment is essential for establishing agility and flexibility in manufacturing operations.
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Based on type of axis, the market can be segmented into:
• Single Axis
Based on the several products, the market divided into:
On the basis of precision, the market is bifurcated into:
• Very High Precision
• High Precision
Based on network communication, the market is segmented into:
The major applications of the product are as follows:
• Electronics and Assembly
• Food and Beverage
• Medical and Scientific
• Machine Tools
• Packaging and Labeling
Based on region, the market can be divided into:
• The Middle East and Africa
• North America
• The Asia Pacific
• Latin America
GMC based Motion Controller Market Trends
Throughout the forecast period, the Asia Pacific region is anticipated to lead the global GMC-based motion controller market. Increased foreign direct investment in developing nations like China and India is anticipated to fuel growth in this region. The region’s market is expanding as a result of the rising demand for high level automation equipment from the manufacturing and healthcare sectors.
The use of customised robots for various applications, the rapid increase in machine tool production, and other industries involved in the manufacture of smartphones and cars, such as semiconductor machinery and electronics assembly, are just a few of the factors contributing to the growth of the GMC-based motion controller in the area. The use of motion control systems is growing in Asia Pacific’s major developing countries which leads to expanding functional areas in automatic textile machinery and high-precision printing equipment.
Key Market Players
The major players in the Global GMC based Motion Controller Market are
• Moog Inc.
• Mitsubishi Electric Corporation
• Schneider Electric
• Omron Corporation
• Siemens AG
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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