C&M: Global industry for motion control to be driven by increasing investment in manufacturing industries
Global Motion Control Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:45:02
The Global Motion Control market is 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.
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.
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