Industrial automation refers to control system and other related technologies used to execute & handle various kinds of machineries and processes without direct human intervention. It involves actuators, motors, sensors and control or computing units. Industrial automation devices employ various types of robotic manipulators operating on preset algorithms. These industrial automation devices perform various functions such as fabrication, assembly, inspection & testing, material handling, logistics and others with high precision at very high speed. Presently, industrial automation has been adopted into various industrial sectors such as manufacturing, energy, FMCG/consumer goods, chemical & pharmaceutical, electrical & electronics, oil & gas and others.
Industrial automation involves various types of automation techniques including supervisory control & data acquisition (SCADA), programmable logic controls (PLC), human machine interface (HMI), product lifecycle management (PLM), smart systems, distributed control system (DCS), power equipment, industrial robots among others. Of these, DCS segment dominates the market by capturing approximately one-third of the market share. Global industrial automation market can be classified by system types into control system, machine vision, instrumentation, software, power backup, sensors and others.
With technological progression in process monitoring, increase in sustainability & energy efficiency models and high machine output, global industrial automation market is expected to grow tremendously in the near future. Additionally, other factors such as fast growing small and medium size enterprises (SMEs), increased adoption of IoT & cloud based automation, need for operational efficiency, supply chain synchronization, mass customization and increasing R&D investments are anticipated to further drive the market growth. However, high costs of maintenance & automation control systems, security concerns, less flexibility and lack of skilled workforce may deter overall market growth.
Global industrial automation market is highly competitive with large number of regional vendors providing high integration-based customized solutions at competitive prices.
ASDReport.com has an extensive collection of reports on industrial automation system. The reports cover various topics and products related to industry automation market like software, Industrial Internet of Things (IIOT), advanced distributed management systems, industrial robotics and much more.