Motors & Motion Control Market Sees Giga Growth

The Motion Control & Motor Association (MCMA) claims the global motion control and motor market experienced record growth in 2018, with $3.827 billion in shipments, up 8% over 2017. Shipments were up 3% in the last quarter of the year, at $946 million, contributing to the overall annual growth of the market. The largest categories within the overall market were motors (40 percent), actuators and mechanical systems (19 percent), and electronic drives (17 percent). Those three categories grew 11 percent to $1.508 billion, 12 percent to $735 million, and 7 percent to $641 million respectively.

Other MCMA Observations

  • Digitalization is having the biggest impact on the motion control and motors market. It saves on maintenance and downtime costs by providing data to identify probable component or machine failures well before they happen.
  • Expect to see higher, more intelligent performance in motors in a smaller footprint.

 

Free Newsletter

Like this article? Subscribe to FierceSensors!

The sensors industry is constantly changing as innovation runs the market’s trends. FierceSensors subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and analysis impacting their world. Register today to get sensors news and updates delivered right to your inbox.

For deeper insights, visit the Motion Control & Motor Association.

Suggested Articles

Apple finishes week at all-time high on news of a tentative trade deal with China

A study conducted by AAA revealed that automatic emergency braking systems with pedestrian detection were ineffective, particularly at night.

HIR document watches if components from different makers will function in a system