South Korea Motion Control Market Size & Outlook
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South Korea motion control market highlights
- The South Korea motion control market generated a revenue of USD 883.6 million in 2023 and is expected to reach USD 1,465.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, closed-loop system was the largest revenue generating system in 2023.
- Closed-loop System is the most lucrative system segment registering the fastest growth during the forecast period.
Motion control market data book summary
| Market revenue in 2023 | USD 883.6 million |
| Market revenue in 2030 | USD 1,465.0 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Closed-loop system |
| Fastest growing segment | Closed-loop System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open-loop System, Closed-loop System |
| Key market players worldwide | ABB Ltd, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corp, Rockwell Automation Inc, YASKAWA Electric Corp, OMRON Corp, Fuji Electric Co Ltd, Parker Hannifin Corp, Fanuc Corp, Bosch, Celera Motion |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.3% of the global motion control market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China motion control market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 811.4 million by 2030.
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Motion Control Market Scope
Motion Control Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Celera Motion | View profile | 101-250 | Bedford, Massachusetts, United States, North America | https://www.celeramotion.com/ |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| YASKAWA Electric Corp | View profile | 15022 | 2-1, Kurosaki-shiroishi, Yahatanishi-ku, Kitakyushu, Japan, 806-0004 | http://www.yaskawa.co.jp |
| Parker Hannifin Corp | View profile | 62730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | http://www.phstock.com |
| Fuji Electric Co Ltd | View profile | 30123 | Gate City Ohsaki, East Tower, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan, 141-0032 | http://www.fujielectric.co.jp |
| Fanuc Corp | View profile | 11532 | 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 | http://www.fanuc.co.jp |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
South Korea motion control market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to motion control market will help companies and investors design strategic landscapes.
Closed-loop system was the largest segment with a revenue share of 51.32% in 2023. Horizon Databook has segmented the South Korea motion control market based on open-loop system, closed-loop system covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of motion control market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea motion control market , including forecasts for subscribers. This country databook contains high-level insights into South Korea motion control market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea motion control market size, by system, 2018-2030 (US$M)
South Korea Motion Control Market Outlook Share, 2023 & 2030 (US$M)
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