Automation Solutions Market: A Boon for Smart Manufacturing
Posted by Lohitha on July 11th, 2019
The modern era is encouraging the adoption of automation in each and every sector across the world. And, on the back of energy efficiency trend as well as efforts to save on labor costs, the automation application will continue to expand, as pinpointed by a recent IndustryARC report. The business intelligence report estimates the global automation solutions market value at 0.29 billion in 2018 and projects it to grow at a CAGR of 9.23% over the forecast period 2019-2025.
The report is titled: “Automation Solutions Market: by Solutions (PLM, DCS, Machine Controllers, Instrumentation, Security, and Others) Industry Verticals (Automotive, Food and Beverage, Security and Surveillance, and Others) and Geography – Forecast (2019 - 2025).” This report includes the market shares of the competitors, market trends, market demands, market drivers and challenges, and product analysis. The report has been developed with intentions to serve key market participants with the necessary business intelligence and help them understand the future of the automation solutions market.
View Full Table Of Contents Of Automation Solutions Market:
https://www.industryarc.com/Report/15290/automation-solutions-market.html
Global Automation Solutions Market: Demand Analysis
Automation solutions play a crucial role in numerous end-user industries such as automotive, industrial, food and beverage, oil & gas, and pharmaceuticals. Technology advancement from integrated drives and smart controllers to innovative PLM software is boosting the demand for automation solutions. Automation is allied in every aspect of individual life through varied practices such as home automation, banking automation, laboratory automation, database administration, broadcast automation, console automation, and building energy efficiency automation.
Global Automation Solutions Market: Leading Segments
Worldwide rising demand for electric vehicles and autonomous vehicles, coupled with the increasing automotive vehicle production and continuous growth in the foreseeable future are contributing the growth of automotive application segment to surge at a CAGR of 7.56% during the forecast period 2019-2025. Fast paced evolution of the automotive industry with technological adoptions of Industry 4.0 and IoT technologies are empowering the customers with the digitization of information in an organized manner.
APAC held the largest regional share of about 38.86% in the global automation solutions market as of 2018. This is attributed to numeral investments in technology and infrastructure. The Governments of China and India are planning to invest in modern technologies and rapid industrialization in order to compete with the developed economies. An analysis report on the robot industry in China revealed that its industrial-scale reached .5 billion in 2017. It is due to the rising demand for innovative automation solutions in this country.
Global Automation Solutions Market: Disruptive Trends
o Industrial automation solutions allow organizations to attain their business targets by enhancing greater return on investment through consistent quality and lowest rejections of products. These solutions rules in FMCG, food, automotive, pharmaceuticals, and electronics industries.
o WIN (Wipro Infrastructure Engineering) automation solutions targeting to tap the developing industrial automation market. Which deals with early detection of defective products, effective recall of vehicles and improvement of operational efficiency.
o Automation solutions help to improve technologies, optimize resources, increase productivity, reduce downtime and enhance safety across varied sectors such as automotive, manufacturing, utility, process, and energy.
o Automation solutions build digitized, smart and automated manufacturing sector in the companies. Which is more useful in increasing the productivity, inventory, line balancing, synchronization and supply chain & logistics involved in the factory automation
Global Automation Solutions Market: Competitive Landscape
General Electric, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Honeywell, Yokogawa, Omron, ABB, Emerson, and Siemens are some of the key strategic players which are holding prominent market shares in the global automation solutions.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
