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Global motion control market grows more than 20% in 2021

Control Engineering

The motion control market is experiencing strong growth, particularly in Asia-Pacific, as a mix of strong demand and supply chain constraints are giving suppliers a lot of leverage when it comes to prices. This growth will continue out to 2026, but at a slower pace with a compound annual growth rate (CAGR) of 5.5%.

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Global manufacturing industry growth reached 3.8% in 2022

Control Engineering

Machinery sectors have performed better than the manufacturing sector overall, and despite current challenges the next global downturn for manufacturing is not expected until late 2025 or early 2026. The next manufacturing downturn is expected in 2026, but to a lesser extent than in 2020. in 2022, compared to 3.3%

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Robots-as-a-service creates opportunities, lowers automation adoption barriers

Control Engineering

million installations of RaaS by 2026 generating $34 billion in revenue. This has become especially critical because of the restrictions and challenges posed by the pandemic and related supply chain shortages.”. As Seiff put it: “RaaS is more than a pricing model.”. RaaS is on the rise. Staying ahead of the automation curve.

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Machine vision, automation streamline logistics and warehousing operations

Control Engineering

Due to staffing shortages and major supply chain issues, manufacturers are willing to emphasize automation more to meet surging demand. By 2026, that number is expected to more than double, accelerated by a global pandemic and growing e-commerce industry. Machine vision insights.