-- Industrial Automation Market Research Report- Forecast till 2027
Market Highlights
The industrial automation market is anticipated to grow by US$128.63 Billion by 2017 rapidly growing at a CAGR of 9.35% during the forecast period. The global industrial automation market is driven by robust growth in manufacturing sectors worldwide and shift from manual assistance to automation. The market growth will be driven by robust growth in the manufacturing sector. Based on the research report, favorable government policies will accelerate growth in the market till 2023. Although dependence on conventional manufacturing mechanisms will have a negative impact on the global industrial automation market’s growth during this period. Compatibility issues will likely become a threat. The industrial automation market report published by expert analysts includes primary and secondary data and suggests that type, technology, and end-user segments are anticipated to witness tremendous growth till 2023.
These factors have helped shape the industrial automation market and are expected to boost the growth. Companies in the industrial automation market could also face challenges such as compatibility issues and high installation. The details covered in the industrial automation market report cover all the aspects of the industry. Industrial automation market analysts have also shared growth projections in the report and have suggested industrial automation market players to plan growth strategies accordingly.
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Segmentation:
The global industrial automation market has been segmented based on type, technology, and end-user. On the basis of type, the market for industrial automation is segmented based on fixed automation and programmable automation. Additionally, the market on the basis of technology, is segmented into SCADA, PAC, PLC, DCS, HMI. The global market for industrial automation is also covered based on the end-user segment which is further split into oil & gas, aerospace & defense, machine manufacturing, electronics, pharmaceuticals, automotive.
The shift from manual assistance to automation will support the market growth from 2018 to 2023. As per the market research report, the global market for industrial automation is anticipated to grow at a healthy rate across all the type, technology, and end-user segments. However, the presence of active threats such as dynamic policies and regulations could hamper the market growth. Business activities across automation technology have also been examined and studied by automation technology industry’s experienced analysts. The industrial automation market research report covers findings with predictions and forecasts till 2023.
Regional Analysis:
Companies in the industrial automation market are spread across the world. The industrial automation market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American industrial automation market has many companies across the United States, Canada, and Mexico. Europe has companies in the industrial automation market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the industrial automation market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The industrial automation market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the industrial automation market can be found in the market research report.
Competitive Analysis
Automation technology based organizations are profiled in the market research report. The industrial automation market along with companies and segments have been studied. The analysis of automation technology based business is also done to identify key challenges and strengths of these companies. The global industrial automation market research report covers SWOT analysis, Porter’s Five Force analysis of major automation technology related organizations. The strategy and other key details of these companies for the forecast period 2018 to 2023 are covered in the report. The lack of a developed infrastructure is anticipated to support the market growth as the market is set to grow at a CAGR of 9.35% and reach a high value by 2023.
Industry News
Industrial Technologies Introduced, Inc. AIT confirmed that it had acquired Gibson Engineering Company, Inc., headquartered in Norwood, MA. The deal's terms have been kept private. It is worth noting here that the stock of Applied Industrial rose 2.4 percent, closing the trading day at $78.34. Gibson specialises in the worldwide supply of engineered solutions, products for robotics and other services.
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Industrial Automation Market, By Type (Fixed Automation and Programmable Automation), By Technology (SCADA, PAC, PLC, DCS, HMI) and End-User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electronics, Automotive, Pharmaceuticals) - Forecast to 2027
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