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Motion Control Companies - ABB (Switzerland) and FANUC Corporation (Japan) are the Key Players

Author : Steve Stark | Published On : 15 Feb 2024

The motion control market is estimated to be worth USD 16.5 billion in 2024 and is projected to reach USD 21.6 billion by 2029 at a CAGR of 5.5% during the forecast period. The global Motion Control Market is primarily propelled by the increasing demand for automation across industries, aiming for enhanced efficiency and precision in manufacturing processes. Technological advancements in motion control systems, offering improved performance and reliability, contribute significantly to market growth.

Major Motion Control companies include:

  • ABB (Switzerland),
  • FANUC Corporation (Japan),
  • Siemens (Germany),
  • Yaskawa Electric Corporation (Japan), and
  • Mitsubishi Electric Corporation (Japan).

Major players in the Motion Control market are strategically implementing initiatives to establish a robust global presence. These efforts often involve a combination of mergers and acquisitions, strategic partnerships, and geographic expansions. Key players are actively seeking to broaden their market reach by acquiring companies with complementary technologies or a strong regional presence. Additionally, partnerships with local distributors and system integrators enable these players to enhance their market penetration and provide customized solutions tailored to specific regional needs.

ABB is a Swiss multinational corporation, a technology leader in terms of electrification, industrial automation, motion, and robotics and discrete automation. ABB offers a range of autonomous mobile robot products that are designed to operate in industrial and logistics settings, improving efficiency and safety. ABB’s products and services are used by a wide range of industries, including utilities, transportation, manufacturing, and infrastructure. The company operates through four business segments, namely, Electrification, Motion, Process Automation, and Robotics & Discrete Automation.

FANUC Corporation is a leading global manufacturer and supplier of factory automation solutions and industrial robots. The company has become a pioneer in the field of computer numerical control (CNC) systems, producing cutting-edge technologies that empower industries with precision, efficiency, and productivity. FANUC CORPORATION's diverse range of products includes industrial robots, CNC systems, machine tools, and factory automation solutions, catering to various sectors such as automotive, electronics, aerospace, and more.  FANUC CORPORATION operates its business through four divisions, namely, Factory Automation (FA), Robot, Robomachine, and Service. FANUC manufactures products such as servo motors, servo amplifiers, lasers, robot machines, field systems, and robots. The company operates its business through four segments—Field Automation (FA), Robot, Robomachine, and Service.

Mitsubishi Electric Corporation manufactures a range of control and power electronics products based on automation technologies. The company is well-known for its air conditioning products, home appliances, automotive equipment, rail transportation systems, satellites, digital signage, semiconductors, and electronics. It provides industrial automation solutions in Asia, with its origin in Japan. The company operates through six business segments, namely, Energy and Electric Systems, Industrial Automation Systems, Home Appliances, Information and Communication Systems, Electronic Devices, and Others (Procurement, Logistic, Real Estate, Advertising, Finance, and Other Services).

Siemens is a global powerhouse in the fields of electrification, automation, and digitalization. The company has evolved into a diversified conglomerate with a significant impact on various industries worldwide. Siemens operates across numerous sectors, including energy, healthcare, industry, and infrastructure, delivering cutting-edge solutions that address complex challenges and drive sustainable progress. It operates through six business segments, namely, Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, Siemens Financial Services, and Portfolio Companies.

Yaskawa Electric Corporation is one of the leading manufacturers in the fields of drive technology, industrial automation, and robotics in Japan. The company is operating its business through three segments, namely Motion Control, Robotics, and System Engineering. Yaskawa has been ensuring to provide cutting-edge technologies in its products and services. Yaskawa Electric Corporation is a company involved in the manufacturing, sales, installation, and maintenance of control systems and industrial products.