The global motion control market is forecast to decline by 1.9 percent compared to 2011. In 2013, the global motion control market is projected to rebound with revenue growth of nearly 5 percent spurred by recovery of the Chinese market but limited by the continued Eurozone recession.
Car and component makers in the UK have teamed up with electronic systems trade association NMI to launch the Automotive Electronic Systems Innovation Network (AESIN).
The European Association of the Machine Tool Industries (CECIMO) is raising concern about its members’ declining market share, and using a new market study to argue for the importance of having manufacturers work closely with customers, to develop new capabilities and to market products and services effectively.
Driven by the sharp rebound in the automotive production and inventory rebuilding, the market for automotive microelectromechanical system (MEMS) sensors will grow to record size in 2010, according to market research firm iSuppli.