- In August 2023, Siemens launched its latest servo offering for the North American manufacturing industry. The new SINAMICS servosystem, which includes the SINAMICS drive and SIMOTICS S-1FL2 motor, is available with both flexible and standard cable options. This innovative offering is expected to enhance operational efficiency, streamline production processes, and drive growth in the motion control market by meeting the growing demand for more versatile and precise automation solutions
- In May 2023, Mitsubishi Electric of Japan and MOVENSYS Inc. of Korea formed a strategic partnership to enhance their motion control and AC servo businesses. By integrating MOVENSYS' advanced technologies and manufacturing capabilities, the partnership expected to drive innovation and provide more efficient, high-performance solutions. This move poised to boost Mitsubishi Electric's market presence and accelerate the growth of the motion control sector, catering to the increasing demand for precision and automation in various industries
Frequently Asked Questions
The major factors driving the growth of the motion control market are rise in safety-driven productivity due to stringent regulations and increase in IIoT integration with motion control systems.
The primary challenges include increase in the replacement & maintenance cost and complexity of system integration.
The electromechanical actuation technology segment is expected to dominate the motion control market holding a major market share in 2025.
