Industry Background:
The robotics and automation solutions have created robust demand across industrial applications. Automation solutions minimize the operational expenses as well as respective lead time. These solutions offer an efficient factory & process design to optimize operational efficiency. In addition to this, these systems also help in enhancing the assembly flow. Also, helps in coordinating/procuring/ integrating the entire automation solutions. The automation solutions market will generate lucrative demand with the growing adoption of robotics and automation across industrial applications. However, comparatively capital intensive nature might stagnate the demand from underdeveloped economies.
According to AMA, the market for Automation Solutions is expected to register a CAGR of 5.01% during the forecast period to 2026. This growth is primarily driven by Growing Adoption of Robotics and Automation across the Industrial Applications and Significantly Reduces Operational Expenses as well as Operational Complexities.
Globally, a noticeable market trend is evident Technological Environmental Changes from PLC to PAC in Automated Loading Equipment
. The Robotics & Automation sector in the North Amercia region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Rockwell Automation, Inc. (United States), Schneider Electric SE (France), Siemens AG (Germany), Honeywell International Inc. (United States), Emerson Electric Co. (United States), Andritz AG (Austria), ABB Group (Switzerland), Mitsubishi Electric Corporation (Japan), Swisslog Holding AG (Switzerland) and Sato Company (Brazil) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On July 16, 2019, Lonza has selected Rockwell Automation for the turnkey implementation of the Lonza strategic vision of bringing the digital factory to nine former Capsugel facilities that manufacture drug capsules. The Switzerland-based company, founded in 1897 with approximately 15,500 employees chose Rockwell Automation’s PharmaSuite Manufacturing Execution System (MES) software to digitize the operations in their manufacturing environments.
Market Drivers
- Growing Adoption of Robotics and Automation across the Industrial Applications
- Significantly Reduces Operational Expenses as well as Operational Complexities
Market Trend
- Technological Environmental Changes from PLC to PAC in Automated Loading Equipment
- Upsurging Adoption of IoT Enabled Automations Solutions across the Globe
Restraints
- Comparatively Higher Initia; Investments in Installing Highly Automated Solutions
- Significant Post Purchase required in Maintaining the Automation Systems
Opportunities
Increasing Adoption of Artificially Intelligent Automation Solutions and Continues Technological Advancements as well as Growing R&D Investments in Developing Highly Automated Solutions
Challenges
The dearth of Skilled Workforce across the Global Developers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automation Solutions Study Sheds Light on
The Automation Solutions Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Automation Solutions industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automation Solutions industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.