Severity: Warning
Message: Trying to access array offset on value of type null
Filename: views/press_details.php
Line Number: 14
Backtrace:
File: /home/reportsweb/public_html/application/views/press_details.php
Line: 14
Function: _error_handler
File: /home/reportsweb/public_html/application/controllers/Press_controller.php
Line: 112
Function: view
File: /home/reportsweb/public_html/index.php
Line: 316
Function: require_once
According to the new research report, titled “Motion Positioning Stages Market Forecast to 2027 - COVID-19 Impact and Global Analysis,” published by The Insight Partners, the global motion positioning stages market is expected to reach US$ 1,035.50 million by 2027, registering a CAGR of 6.3% during 2020-2027.
With the continuous use of automation in diversified manufacturing industries to increase efficiency, the motion positioning stages are getting adopted massively. The constant use of motion positioning stages needs time-to-time maintenance to ensure uninterrupted business process of manufacturing units. The recurring maintenance makes the end user spend a considerable amount for this purpose, as the cost for maintenance of motion positioning stages is high. This factor leads to reluctance among small players toward investing significant amounts in the product that needs time-to-time maintenance and this may hamper the growth of the motion positioning stages market.
The positioning and motion tasks include assembly, semiconductor manufacturing, inspection systems, laser material processing, or additive manufacturing, which are among the industrial automation tasks demanding solutions that are robust and reliable. Accuracy, high dynamics, and exact position reproducibility are essential requirements during industrial automation. In the era of continuous technological developments, Industry 4.0 is gaining increased momentum, which is driving the trend of industrial automation across industries. The mentioned requirements can be achieved when drive technology, mechanics, and control electronics of a positioning systems perfectly match each other. This aspect will continue to stir the requirement of motion positioning stages among various industries in the coming years. In addition to the growth of motion positioning, increasing use of automation in diversified manufacturing industries, such as food & beverages, semiconductors, electronics, and automotive, is rising exponentially. The surging demand for precision manufacturing in industries across the world is another factor stimulating motion positioning. All these aspects drive the growth of the motion positioning stages market.
Impact of COVID-19 Pandemic on Motion Positioning Stages Market
The COVID-19 pandemic is anticipated to affect the growth rate of the global motion positioning stages market in 2020 and early 2021 owing to the significant disruptions in various industries, such as electronics and semiconductors, automotive, defense, medical devices, and manufacturing. The US is a significant market for motion positioning stages, especially in manufacturing and automotive sectors. The exponential rise in the number of COVID-19 confirmed cases and increasing number of reported deaths in the country affect the manufacturing sector. North America is home to a large number of manufacturing and technology companies. The factory and business shutdowns across the US, Canada, and Mexico impact the adoption of the motion positioning stages. Hence, the ongoing COVID-19 crisis and critical situation in the US will affect the growth of the motion positioning stages market in North America for the next few quarters.
Key Findings of Study:
Geographically, the global motion positioning stages market is segmented into five major regions-North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and South America (SAM). In terms of market share, APAC dominated the global motion positioning stages market, followed by Europe and North America, in 2019. In North America, the widespread imprints of motion positioning stages companies, such as Aerotech Inc., Parker Hannifin, and Newport Corporation, help in the adoption of motion positioning stages at a faster rate among various end-use industries. Europe is anticipated to become another crucial market to witness the growth of the motion positioning stages market during the forecast period. Finland, Germany, France, and the UK are among the key countries experiencing high growth in various manufacturing industries, and this aspect fuels the demand for motion positioning stages in the region. In addition, Europe has the presence of well-established automotive and healthcare & pharmaceutical companies, which are prominent users of industrial automation. Also, the manufacturing industries in Asian countries are booming at an exponential rate and it boosts the penetration of Industry 4.0 in the region. By using Industrial Fourth Revolution in streamlining the manufacturing processes, the use of motion positioning stages across Asian countries is growing at an impressive pace. In addition, Asian economy is known for having robust consumer electronics and semiconductor industry, which further contributes toward the growing adoption of motion positioning stages.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com