About Safety Motion Control
Safety motion control is the safe drive monitoring system which is used for increasing the performance of automated guided vehicle system. Various features of safety motion control such as flexibility, fast and easy implementation, easy customization, boost machine output, easy system coupling, among others. Increasing usage of safety motion control in various industry such as automotive energy and power, oil and gas, among others and increasing awareness among consumer regarding the benefit of Safe drive monitoring system are some of the major driver which affect the growth of market in future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
The market is highly fragmented with the presence of numerous players such as Rockwell Automation Inc. (United States), ABB Ltd (Switzerland), Schneider Electric SE (France), among others. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rockwell Automation (United States), Siemens (Germany), SICK Group (Germany), Melexa (Belgium), Demero Automation Systems (United States), Sigmatek Safety System (Austria), Astre Engineering Tunisie (India), More Control (United Kingdom) and General Electric Co. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sort Production Products (Canada), Zhejiang Huazhang Automation (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Safety Motion Control market by Type (Open Loop and Closed Loop), Application (Automotive, Oil & Gas, Energy & Power and Other) and Region.
On the basis of geography, the market of Safety Motion Control has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user Industry, the sub-segment i.e. Automotive will boost the Safety Motion Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Drives will boost the Safety Motion Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The latest trend of this market High Consumption of Electronic Equipment and the Abundant Presence of the Healthcare Industry
Market Growth Drivers:
Rising Emphasis on Adopting Safety Standards and Increasing Rate of Industrialization across the world and High Adoption of Automation in the Industrial Process and Manufacturers are Focusing on Enhancing the Motion Controllers
Challenges:
A problem regarding the lack of availability of professionals
Restraints:
Issue related to High Installation Costs and High Deployment Cost
Opportunities:
Growing Demand from Emerging Economics such as China, India, Brazil, Philippines, among others
Market Leaders and their expansionary development strategies
In January 2022, WEG has announced the acquisition of the Motion Control business unit of Gefran S.p.A (Gefran), an Italian company that manufactures sensors, components and industrial automation equipment, for a total estimated value of USD 23 million.
In May 2019, the Mitsubishi Electric Automation (United States) Company has introduced interactive cycle insertion screens compatible with Renishaw GoProbe Macros on M8 series CNC Controls. Hence, it will increase the product portfolio of the company.
Key Target Audience
Raw Material Suppliers and Distributors, Safe Motion Control Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.