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Motion Control Market Poised for Growth
Despite the Economic Slump, the Motion Control Market Is Poised for Some Growth
Joseph Ogando, Senior Editor -- Design News, November 2, 2008
The general motion control market, while certainly not immune from the ups and downs of the global economy, seems poised to hold its own over the next few years. A new study from the ARC Advisory Group forecasts the worldwide market for general motion control technology will experience a compounded annual growth rate of roughly 6.7 percent over the next five years, growing from $6 billion in 2007 to $8.2 billion in 2012.
If that growth does come to pass, you can give much of the credit to globalization. “While there has been a steady demand for machinery in the highly developed regions, many machinery builders are experiencing unprecedented demand from developing countries, including China and India, as well as the countries of Eastern Europe,“ says Himanshu Shah, an ARC senior analyst and principle author of the study, “General Motion Control Worldwide Outlook.”
According to Shah, globalization is causing manufacturing companies to invest in new capacity. Take automotive, for instance. The rapidly expanding middle class in Asia, Eastern Europe and Latin America is creating demand for automobiles, resulting in new local factories and increases in capacity at the existing production facilities.
He predicts some of the same market forces will likewise trigger capacity increases in a variety of other industries, including consumer goods, food and beverage and electronics.
So what does all this mean from a technology standpoint? Shah points to “higher accuracy and higher productivity” as two overriding desires of machinery buyers throughout the world. These goals favor a variety of advanced motion control technologies such as mechatronics, integrated safety, direct drive, linear motors and higher-power drives and motors. “As part of the normal evolution of motion control systems, these technologies will see more use in coming years than they do now,” he says.
In this Design News' Motion Control Trend Watch Supplement, you'll find information on the full range of motion technologies — from advanced systems of the kind Shah mentioned to a range of new controllers, sensors, motors, drives, actuators, mechanical components and more.
