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Linear Motion System Market worth $17.0 billion by 2024

by prashantvi2 months ago
tags: Linear Motion System Market

According to the new market research report "Linear Motion System Market by Type (Single Process Systems, Multiprocess Systems), Industry (Medical, Semiconductor & Electronics, Aerospace, Food & Beverages, Machining Tools, Automotive), and Geography - Global Forecast to 2024", This market is expected to grow from USD 12.1 billion in 2018 to USD 17.0 billion by 2024, 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 key factors driving the growth of this market.

Browse 14 market data Tables and 33 Figures spread through 97 Pages and in-depth TOC on "Linear Motion System Market - Global Forecast to 2024"View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/linear-motion-system-market-18982633.html

Linear motion system market for multiprocess systems is expected to grow at faster rate during forecast period

The market for multiprocess systems accounted for a larger share of the linear motion system market during the forecast period. These systems are designed according to customers’ needs to carry out a wide array of different tasks, such as pick-and-place, material transfer, palletizing, de-stacking, and so on. These systems are also designed to build and test entire assembly, and then, the completed units are installed in a factory. These systems eliminate backlash to allow fast acceleration and high-speed operations and increase reliability to complete multiple tasks. Hence, these systems are preferred more than single process systems in various industries to minimize process time and cost. Key vendors offering multiprocess systems are Thomson Industries, Rollon, Bosch Rexroth, PBC Linear, SKF, and B&R.

Medical industry expected to hold largest share of overall linear motion system market during forecast period

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. In the medical industry, linear motion systems offer high performance and aim to ensure a positive experience for users, patients, and healthcare professionals

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