Linear Motion System Market for Semiconductor & Electronics Industry worth $17.0 billion by 2024

[97 Pages Report] The overall linear motion system market is expected to reach USD 17.0 billion by 2024 from USD 12.1 billion by 2018, at a CAGR of 5.9%. Increasing need for quality inspection and automation, reduced time-to-market, and growing demand for miniaturization of electronic devices in the semiconductor industry are a few major driving factors propelling the market growth.

“Automotive industry segment is expected to grow at highest CAGR during forecast period”

The automotive industry is one of the fastest growing industries in the linear motion system market. This industry has been experiencing rapid developments in terms of manufacturing and manufacturing technology. Automotive manufacturers are upgrading systems, adding inspection and networking capabilities, and taking advantage of integration to produce a better, cheaper product in less time. There is a high demand for linear motion systems such as linear rail guides, linear motors, controllers, and linear actuators worldwide, as these components help enhance the efficiency of production and manufacturing facilities in the automotive industry.

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“Medical poses largest share of linear motion system market during forecast period”

In the medical industry, medical devices often employ linear motion components and motors to assist in the movement and positioning of medicine manufacturing machines. Accurate and repeatable positioning of lenses is crucial for medical devices in everything from CT scanners and blood-testing equipment to milling machines. The medical industry is involved in the production and development of drugs that are licensed by government and can be used in medications. Workflow efficiency, experimental accuracy, and accuracy in production methods are crucial in this industry.

Major vendors in the global linear motion system market are Rockwell Automation Inc. (US), Automation Tooling Systems (ATS) Inc. (US), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), Beckhoff Automation GmbH & Co. KG (Germany), Timken Company (US), Fortive (US), Mitsubishi Electric Corporation (Japan), SCHNEEBERGER Group (Switzerland), and Festo AG (Germany).

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