By Design World
General Motion Control Systems to Reach $7.8 Billion Over Next Five Years
Worldwide Market For Systems, Fueled By Greater Capabilities & Regional Expansion, Expected Grow At A Compounded Annual Growth Rate Of Roughly 7.0%
(Dedham, Massachusetts) – The worldwide market for GMC systems is expected to grow at a compounded annual growth rate (CAGR) of roughly 7.0% over the next five years, according to a new ARC Advisory Group study.
The market for GMC systems is being driven by new growth taking place in the developing regions of Asia. An expansion, driven in part by a shift of the semiconductor industry, has occurred from industrialized high wage economies to areas where production costs are far cheaper. Newer technologies have made older style machines obsolete leading companies to upgrade older systems.
Analyst Stefan Surpitski, the principal author of ARC’s General Motion Control Worldwide Outlook, says “Modular drive and motor components have enabled a step change in machine design allowing OEMs to improve on traditional designs in a myriad of ways. This technology has afforded machine builders a great deal more flexibility in design”
The semiconductor industry did very well with a capital expenditure growth rate of over 11%. GMC systems are a core element in the machinery used to produce semiconductor components.
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Filed Under: Semiconductor, Motion control • motor controls, Motors • servo