Retail Automation Market is expected to grow at a CAGR of 17.82%
According to TechSci Research report, “Retail Automation Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the
Global Retail Automation Market is expected to register robust growth during the
forecast period. The need for flexibility and agility in manufacturing processes is a
driving force behind Retail automation adoption. Industries are increasingly
moving toward customizable and agile manufacturing systems that can quickly
adapt to changing market demands. Automation technologies, such as flexible
robotic systems and reconfigurable production lines, allow manufacturers to
respond rapidly to variations in production requirements.
The widespread adoption of Industry 4.0
practices represents a significant opportunity for the global Retail automation
market. Industry 4.0 involves the integration of digital technologies, IoT, big
data, and artificial intelligence into manufacturing processes. As industries
strive for smarter, more connected, and data-driven operations, there is a
growing demand for advanced Retail automation solutions that align with the
principles of Industry 4.0.
Browse over XX market data Figures
spread through 186 Pages and an in-depth
TOC on the "Global Retail Automation Market"
Based on control and safety system, the Supervisory Control and
Data Acquisition System (SCADA) segment is expected to dominate the market
during the forecast period. With the increasing connectivity of SCADA systems,
there is a growing emphasis on cybersecurity measures. As SCADA systems become
more interconnected and accessible via the internet, the risk of cyber threats
becomes a significant concern. The trend involves the implementation of robust
cybersecurity protocols, encryption methods, and regular updates to safeguard
SCADA systems from potential cyber-attacks, ensuring the integrity and security
of critical manufacturing processes. Increasing regulatory requirements and
standards related to data monitoring and reporting in industries such as
pharmaceuticals, food and beverages, and utilities drive the adoption of SCADA
systems. Compliance with regulatory guidelines necessitates accurate data
collection, documentation, and reporting, which SCADA systems can efficiently
manage, ensuring adherence to industry-specific standards. The future of the
SCADA system segment in the global Retail automation market looks promising,
driven by ongoing technological advancements, the increasing adoption of
Industry 4.0 principles, and a growing awareness of the importance of real-time
data monitoring and control. The integration of SCADA with emerging
technologies is expected to further enhance its capabilities, making it a
critical component in the journey towards smarter, more efficient, and
connected manufacturing processes. As industries continue to prioritize
operational excellence and regulatory compliance, the role of SCADA systems in Retail
automation is likely to expand, contributing significantly to the evolution of
the global manufacturing landscape.
Based on industry verticals, the Automotive
Manufacturing segment is projected to dominate the market throughout the
forecast period. Digital twin technology is gaining traction in automotive
manufacturing. This involves creating a virtual representation (digital twin)
of physical manufacturing processes and products. The use of digital twins
facilitates real-time monitoring, analysis, and optimization of production
processes, leading to improved quality control and predictive maintenance in
the automotive manufacturing environment.
Quality control is paramount in automotive manufacturing to ensure the
production of safe and reliable vehicles. Retail automation technologies, such
as computerized numerical control (CNC) machining and vision inspection
systems, contribute to maintaining high levels of quality and consistency.
Standardization through automation processes ensures that each vehicle
component meets precise specifications, reducing defects and enhancing the
overall quality of the automotive products. The future of Retail automation in
automotive manufacturing is poised for continued growth and innovation. As the
industry embraces Industry 4.0 principles, the integration of smart
technologies, data analytics, and artificial intelligence is expected to play a
pivotal role in enhancing efficiency, flexibility, and sustainability. The
automotive manufacturing segment will likely see an increased focus on adaptive
and reconfigurable automation solutions, allowing manufacturers to respond
quickly to changing market demands and technological advancements. The
evolution of the global Retail automation market within the automotive sector
aligns with the industry's commitment to delivering high-quality, technologically
advanced vehicles in a competitive market landscape.
Key
market players in the Global Retail Automation Market are:-
- Schneider
Electric
- General
Electric
- Siemens
AG
- Yokogawa
Electric Corporation
- Rockwell
Automation Inc.
- Mitsubishi
Electric Corporation
- Honeywell
International Inc.
- OMRON
Corporation
- Emerson
Electric Co.
- ABB
Ltd
Download Sample Report
Customers can also request for 10% free
customization on this report.
“The Global Retail Automation Market in
North America is poised to be the dominant force in the industry. North America
is at the forefront of embracing Industry 4.0 principles, which involve the
integration of digital technologies, the Internet of Things (IoT), and data
analytics into manufacturing processes. The adoption of smart factories and
connected systems is a prevalent trend, enhancing real-time monitoring,
predictive maintenance, and overall operational efficiency.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Retail Automation Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component
(Sensors, Controllers, Industrial Robots, Drives and Others), By Control and
Safety System (Distributed Control System, Supervisory Control and Data Acquisition
System (SCADA), Manufacturing Execution System (MES), Systems Instrumented
System (SIS) and Others), By Industry Verticals (Automotive Manufacturing, Food
& Beverage, Oil & Gas Processing, Mining and Others), By Region, and By
Competition 2019-2029”
has evaluated the future growth potential of Global Retail Automation Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Retail Automation
Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com