Research and Markets has announced the addition of the "Global Motion Control Market 2014-2018" report to their offering.

The analysts forecast the Global Motion Control market to grow at a CAGR of 4.32 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing investment in manufacturing industries. The Global Motion Control market has also been witnessing the increased use of motion control systems in robotic applications. However, the high cost of motion control systems could pose a challenge to the growth of this market.

The key vendors dominating this market space are Siemens AG, Rockwell Automation Inc., Yaskawa Electric Corp., and Schneider Electric.

Other vendors mentioned in the report are Parker Hannifin Corp, ABB, and Beckholf.

Commenting on the report, an analyst from the team said: At present, many motion control vendors are developing robotic hands for the motion control systems as there is an increasing demand for this innovation from the OEMs. This demand is witnessed more in industries such as Semiconductor, Automotive, Packaging, and Assembly. A robotic hand attached to a motion control system effortlessly helps the movement of products from one conveyor to another for enhanced operational productivity. This results in reduced labor utilization, a faster production cycle, and increased efficiency.

According to the report, one of the major growth drivers in the market is the increasing investment by manufacturing industries. The growth in manufacturing industries, mainly in the Semiconductor, Automotive, and Machinery industries, will drive the growth of the market.

Further, the report states that the high cost of motion control systems is one of the major challenges in the market. The cost of a motion control system is relatively high making it unaffordable for SMEs.

For more information visit http://www.researchandmarkets.com/research/ddp4mc/global_motion

Source: http://www.researchandmarkets.com/