Industrial Automation Market Research Reports, Trends & Industry Analysis

Industrial Automation Market Research Reports, Analysis & Trends

Industrial automation is one of the greatest changes occurring in the manufacturing sector in the recent times. Latest industrial automation market trends enable automation companies to reinstate more workers every day. The industry is experiencing global industrial revolution, which is also referred to as Industry 4.0. It comprises of technological advancements featuring smart manufacturing, artificial intelligence, Internet of Things (IoT) and robotics. IoT emerged as the largest industry 4.0 technology as of February 2021, with more than 70% of the organizations globally acknowledging it as the technology with the highest impact. Manufacturing facilities all around the world are extensive Read More... Industrial automation is one of the greatest changes occurring in the manufacturing sector in the recent times. Latest industrial automation market trends enable automation companies to reinstate more workers every day. The industry is experiencing global industrial revolution, which is also referred to as Industry 4.0. It comprises of technological advancements featuring smart manufacturing, artificial intelligence, Internet of Things (IoT) and robotics. IoT emerged as the largest industry 4.0 technology as of February 2021, with more than 70% of the organizations globally acknowledging it as the technology with the highest impact. Manufacturing facilities all around the world are extensively deploying high levels of automation, which in turn is expected to raise the demand for adoption of newer technologies. In addition, growing implementation of 5G networks in more remote areas is expected to take the industry by storm by enabling faster downloads and more reliable connectivity. 5G connections in the world are estimated to increase up to more than 1 billion in 2023, up from 10 million in 2019. Furthermore, rapidly rising usage of connected devices, advancements in sensors, and developments in GPS technology are helping companies make informed decisions without risking damage to machinery or personnel. AI is also being used extensively on a global scale in the industrial automation industry to make decisions based on the behavior of potential customers. Another revolutionary invention in the industry are collaborative robots, which are designed to work safely alongside humans and increase the productivity of humans on the production line. Over the last decade, the sales volume of industrial robots tripled, reaching a value of more than 420,000 units in 2018. In addition, assembly and material handling are projected to emerge as the largest industrial applications for these bots. Moreover, inflow of huge investments in improving the procurement, logistics, transportation and inventory processes of manufacturing are predicted to expand the global industrial automation market size significantly in the near future. As per the regional analysis, Asia Pacific emerged as the largest shareholder in the industry ascribing to the strong footprint of market players in the region, followed by Europe and North America. Furthermore, in this ever-changing business environment, the companies that are capable of adapting, innovating and utilizing global resources effectively will flourish and generate significant growth. Kenneth Research has emerged as a top-end industrial automation market research agency adept at providing comprehensive assessment of new opportunities, key growth drivers and constraints related to the market. Our team of expert industrial automation market analysts are dedicated to offer tailor made projects within the unique product portfolio of the client. With our wide collection of industrial automation market research reports and access to recognized secondary databases, our team captures in-depth insights on crucial topics of the industry. We are proficient in conducting thorough industrial automation market research and identify gaps in significant subject areas associated with the industry.

Industrial Automation Market Research Reports, Analysis & Trends

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