Remove 2026 Remove Automation Remove Discrete manufacturing
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Global motion control market grows more than 20% in 2021

Control Engineering

Labor shortages remain a problem for motion control vendors, but this is a common lament for many in the manufacturing and engineering markets. This growth will continue out to 2026, but at a slower pace with a compound annual growth rate (CAGR) of 5.5%. It may have an impact on growth, but more from a supply side.

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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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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. Autonomous mobile robots (AMRs) and automated guided vehicles (AGVs) used machine vision and sensing technologies to move around freely and a key part around automation when it comes to logistics.

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

Control Engineering

Robots-as-a-service (RaaS) is a flexible and affordable way for companies to deploy automation and related services such as engineering, maintenance and remote monitoring. million installations of RaaS by 2026 generating $34 billion in revenue. Often used interchangeably with Robotics-as-a-service, RaaS comes in two main flavors.