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GMC-based Motion Controller Market

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GMC-based Motion Controller Market
GMC-based Motion Controller Market Expected to Reach US$ 1,542.7 Mn by 2026
According to a new market report on GMC-based motion controllers, published by
Transparency Market Research, the global GMC-based motion controller market is
expected to reach US$ 1,542.7 Mn by 2026, expanding at a CAGR of 7.4% from 2018
to 2026. According to the report, the global market will continue to be influenced by
a range of macroeconomic and industry-specific factors. Asia Pacific will continue to
be at the forefront of global demand, with the market in the region growing at a
CAGR of 9.2% through 2026.
Get PDF Brochure for Detailed Analysis of this Research @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=53019
Research & development activities in the field of motion controllers driving the
market
The global GMC-based motion controller market has witnessed massive growth in the
last decade. The primary factor driving the GMC-based motion controller market
includes high investment in research and development activities by industry players.
With the increasing competition in the global market, key players are indulging in
research and development in order to manufacture advanced and innovative motion
controllers to differentiate their products from other manufacturers. In today’s
market, customers are not just demanding technically compatible products, but much
more than that. In order to fulfill demanding customer requirements, manufacturers
continue to add smart technologies to their equipment, improve process efficiency,
reduce downtime, and increase product quality, which in turn is opening up new
opportunities for the use of GMC-based motion controllers.
Download Report TOC for in-depth analysis @
https://www.transparencymarketresearch.com/report-toc/53019
GMC-based Motion Controller Market: Scope of the Report
The global GMC-based motion controller market is broadly segmented in terms of
type of axis, precision, network communication, product, application, and region. By
type of axis, the market has been segmented into multi axis, and single axis. The
multi axis segment is anticipated to be the highest revenue contributing segment in
2017 with 57.9% share of total market revenue and is expected to rise at a
significant CAGR of 7.5% over the forecast period. This is mainly due to increasing
demand for power efficient motion controllers among end-use industries. In terms of
precision, the market has been divided into very high precision, and standard GMCbased motion controllers. The very high precision segment is expected to grow
tremendously at a CAGR of 7.6% due to growing demand for accuracy and efficiency
in industrial processes. By product, GMC-based motion controllers can be divided into
PLC-based motion controller, stand-alone motion controller, and PC-based motion
controller. The PLC-based motion controller segment is anticipated to register highest
CAGR growth over the forecast period, majorly contributed by the cost efficient
solutions offered by these devices. By network communication, the market can be
categorized into EtherCAT, EtherNetIP, PROFINET, and others.
The market share of EtherCAT is estimated to increase at the highest CAGR during
the forecast period. This is mainly due to superior performance and synchronicity
features of these network protocols for motion control applications while also
providing simplicity in implementation. Based on application, the global GMC-based
motion controller market has been segmented into electronics and assembly, food and
beverage, medical and scientific, metrology, flat panel display, machine tools,
packaging and labeling, printing, robotics, non-industrial application, semiconductor,
and others. Flat panel display application dominated the market in 2017 and is
estimated to rise at a healthy CAGR of 9.5%, reaching market value of US$ 28.8 Mn
by 2026.
Author
monaliraghu
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