3. The global market space is USD 15.5 billion, and the domestic market space is RMB 42.5 billion

3.1 Motion control 22 years of global market space 15.5 billion US dollars, is expected to reach 20 billion US dollars in 27 years

According to the data of MARKETS AND MARKETS, the global motion control market space of $15.5 billion in 22 years is expected to reach $20 billion in 27 years, with a compound growth rate of 5.2% during the period. The growth mainly comes from the continuous growth of demand for industrial robots and the continuous development of Industry 4.0.

3.2 The size of the domestic motion control market reached 42.5 billion yuan in 19 years and is expected to maintain high growth in the future

According to the data of Gu high-tech prospectus, the overall market size of China’s motion control system in 2019 is 42.5 billion yuan, of which the motion controller market size is 8.5 billion yuan and the servo system market size is 34 billion yuan.

The “14th Five-Year Plan” intelligent manufacturing development Plan clearly states that by 2025, China’s supply capacity will be significantly enhanced, the level of intelligent manufacturing equipment and industrial software technology and market competitiveness will be significantly improved, and the domestic market will meet the rate of more than 70% and 50% respectively, and the future motion control market is expected to maintain high growth.

4. Overseas brands lead the high-end motion control market, and domestic enterprises have achieved breakthroughs

4.1 Middle and high-end motion control and servo drive are mainly European, American and Japanese manufacturers

At present, the main participants of high-performance motion control and servo drive products are foreign manufacturers. Motion controller manufacturers mainly include Delta Tau Data Systems Inc. (the United States, has been acquired by Omron), ACS Motion Control Ltd. (Israel ACS), Aerotech Inc. (the United States Aerotech) and so on. Servo drive manufacturers mainly include Kollmorgen Corp. (Kollmorgen, USA), Israel ElmoMotion Control Ltd. (Israel ELMO) and so on.

Overseas companies are in a leading position in terms of product richness and product maturity, taking Beckhoff Automation as an example, with 22 years of global sales of 1.515 billion euros, an increase of 28% year-on-year, and 5,680 employees worldwide.

Befoki builds open automation systems on the PC platform, including industrial PCS, I/O and fieldbus components, drive technology, automation software, control less cabinet automation systems and machine vision hardware, etc., with high product richness and maturity.

4.2 Domestic enterprises have achieved certain breakthroughs in the fields of motion controllers and servo drives

At present, the domestic market participants include Hechuan Technology, Central Numerical control, Estun, Leisai Intelligence, Huichuan Technology, Gu high-tech and other enterprises.

Domestic enterprises have achieved certain breakthroughs in the core technologies and market shares of motion controllers, servo drives and other fields.

The general controller market is divided into PLC controller, special controller, PC-based control card, etc. Foreign brands are positioned high-end, and domestic brands have formed a certain breakthrough in the PC-Based control card market: 1) PLC controller and embedded controller market, Japan’s Mitsubishi, Panasonic, Siemens and other foreign brands occupy the main high-end market, the low-end market is fully market-oriented competition pattern; 2) PC-Based control card market, the high-end market is occupied by foreign brands such as American Tai Dao and Cui Ou, but domestic brands are gradually making efforts to the middle and high-end, and the market share of foreign brands is shrinking. At present, the domestic brands represented by Gu high-tech, Leisai Intelligence, Chengdu Lechuang and Zhongweixing occupy more than 70% of the market share. Huichuan Technology, Hechuan Technology and other enterprises have formed a breakthrough in the servo system market, but there is still a large domestic alternative space.