Interact Analysis identifies opportunities for motion control and robotics [Video]

Due to high interest rates, elevated inventory, and sluggish demand, the global machinery industry has been facing a tough year in 2024. This has affected sales of industrial automation components to machine builders and OEMs, including motion control products, said Interact Analysis.

Despite this, innovative technologies continue to create new opportunities for motion control, attracting new entrants to the market through product launches or partnerships. Interact Analysis here discusses two new growth areas it has identified from its research and conversations with manufacturers: smart conveyance technology and robots with machine-integrated control.

Smart conveyance technology

Smart conveyance technology is a multi-carrier transport technology and is available as either linear or planar systems. The market for linear systems has surged over the past three years, with sales revenue growing from $237 million in 2020 to $488 million in 2023.

By 2029, sales of linear systems could exceed $1.1 billion, nearly five times the market size in 2020, …