Automation Market in Automotive Industry 8.33% Growth Report CAGR by 2022

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The analysts forecast global automation market in automotive industry to grow at a CAGR of 8.33% during the period 2018-2022. One trend in the market is emergence of smart manufacturing. The adoption of smart manufacturing enables industrial advances with the help of advanced computing, analytics, low-cost sensing, and new levels of connectivity enabled by the Internet.

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The major objectives of smart manufacturing are flow optimization and customization, asset tracking, predictive maintenance, and real-time inventory optimization.

Major key players in the global automation market in automotive industry: ABB, General Electric, Emerson Electric, Rockwell Automation, Schneider Electric, Siemens, Applied Materials, Apriso, Aspen Technology, Aurotek, Auto Control Systems, Automation and control systems, DENSO, and FANUC.

According to the automation market report, one driver in the market is rising technological advances in PLC leading to growth of PAC market. PLC is one of the key solutions offered by any automation solutions vendor. It has been widely adopted across all the industries worldwide for 40 years.

Although the PAC market is on the verge of maturity, recent advances such as PACs are supporting the market in terms of operability. PACs are advanced versions of PLCs and provide greater interoperability, flexibility in programming, and large memory capacity. A PAC is basically a PC merged with PLC to automate control of the equipment. PAC's hardware architecture and software are designed to be more user- friendly to the IT/computer programmer.

Market driver: Rising technological advances in PLC leading to growth of PAC market

Market trend: Emergence of smart manufacturing

Key questions answered in this automation market in automotive industry report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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Major Points from Table of Contents Provided in Global Automation Market in Automotive Industry 2018-2022:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
4: Introduction
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation by Technology
9: Customer Landscape
10: Regional Landscape

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