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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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