Ultimate Guide To Industrial Automation
According to our latest market study on “Industrial Automation Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, System Type, and End Users,” the market is expected to reach US$ 233.94 billion by 2028, registering a CAGR of 7.6% from 2021 to 2028.
Industrial automation uses control systems such as robots, computers, and information technologies to handle various machinery in an industry to replace human intervention. The industrial automation systems are classified into process plant automation and manufacturing automation depending on the operations involved. Industrial automation offers high product quality, reliability, and production rate while reducing production and design costs by deploying new, innovative, and integrated technologies and services.
For More Info | Download PDF Brochure, Click Here!
Need to Know all about Industrial Automation with Applications
They possess various features, such as high productivity, quality, flexibility, and information accuracy, which is likely to increase the uptake of automation in the industrial sector during the forecast period. Also, the surge in the uptake of automation solutions in the oil & gas, manufacturing, chemicals & materials, pharmaceuticals, and other industries, is driving the industrial automation market.
Additionally, logistics-related apps experienced a rise due to a surge in online purchase volumes. Imaging systems in retail distribution centers and automated warehouse storage and retrieval systems, and manufacturers of PPE-related items, such as face masks, face shields, protective garments, and respirators were among them. Other factors influencing the uptake of machine vision systems for industrial automation include predictive maintenance, packaging inspection, automated barcode reading, product and component assembly, defect reduction, and 3D vision inspection.
Moreover, the rise in investment by companies to develop new products through machine vision technology for industrial automation is further propelling the industrial automation market. For instance, in January 2022, the Khronos Group launched a new initiative with the European Machine Vision Alliance (EMVA) to produce an open, royalty-free API standard to regulate camera system runtimes in embedded, mobile, industrial, XR, automotive, and scientific industries. Thus, the rise in investments by global companies is boosting the uptake of machine vision systems for industrial automation.
The key players influencing the market ABB Ltd, Emerson Electric, OMRON, Rockwell, and FANUC are prominent players operating in the industrial automation market. In addition to these players, there are several other important players operating in the industrial automation market, such as B&R Industrial Automation GmbH; HITACHI LTD.; Industrial, Automation (M) SDN BHD.; Koyo Electronics Industries are among others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Industrial Automation market based on various segments. It also provides market size and forecast estimates from year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Industrial Automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.