After declining for two straight years, revenues from the sales of motion-control products are forecast to grow over 6 percent in 2014 to $12.2 billion according to the latest IHS study on the market for motion controls. Still, this would leave the market about 4 percent below the previous peak reached in 2011.
As defined by IHS, the market for motion controls includes general motion control (GMC) and computer numerical control (CNC) servo motors, servo drives, and position control hardware. Note that DC brushless motors are excluded from the scope of this research. Market revenues reached a record high in 2011 following two years of growth in excess of 20 percent. In 2012, the motion-control market suffered from the poor economic situation in the Eurozone, a weak semiconductor market in Japan and the fallout from overproduction in China, causing global market revenues to decline 7.8 percent. Conversely, the American market provided a bright spot for geared products, growing 6.0 percent in 2012....Read More