India Industrial Automation Market to Register a CAGR of 11.17% During the Forecast period, 2023-2030
Rising government initiatives
and adoption of IoT & Artificial Intelligence in Industrial automation are
likely to drive the India Industrial Automation Market during the forecast
period 2030F.
According to
TechSci Research report India Industrial Automation Market By Region,
Competition, Forecast & Opportunities, 2030F. The India Industrial Automation Market is expected to rise during
the upcoming years owing to the rising adoption of industrial robots for
automated production, the emergence of connected enterprises, adoption of
Internet of Things (IoT) & Artificial Intelligence (AI) in industries among
others across the country.
The term "industrial
automation" refers to the automation and optimization of industrial
processes via the use of technology including control systems, robots, and
other gear. Various industries, including manufacturing, the production of food
and beverages, the automobile industry, the pharmaceutical industry, and many
more, can benefit from industrial automation. Increasing productivity,
efficiency, and quality while lowering costs and errors is the main objective
of industrial automation. Automation can be applied to a variety of tasks, from
simple repetitive actions to complex manufacturing processes. Programmable
logic controllers (PLCs), human-machine interfaces (HMIs), sensors, robots, and
other equipment are examples of technology utilized in industrial automation.
The government
is launching programs to support industrial automation as a way to increase
economic development and competitiveness. The project aims to boost industrial
automation and the use of cutting-edge technologies, such as the Internet of
Things (IoT), to increase manufacturing output and efficiency. These programs
show how committed the Indian government is to encouraging automation in
industry and the application of cutting-edge technology across the nation's
industries. They provide supportive policy framework and funding opportunities
for businesses looking to adopt industrial automation solutions.
India's
industrial automation is being driven by the country's e-commerce industry,
which is expanding rapidly. E-commerce has radically transformed India's retail
sector, and recent years have seen a huge increase in online sales. This surge has created significant demand for
faster and more efficient warehousing, logistics, and fulfilment operations.
E-commerce companies are spending substantially in industrial automation
technology including robots, automated guided trucks, and warehouse management
systems as they work to fulfil the rising demand for goods. These technologies
can help e-commerce companies in streamlining their processes, lowering
expenses, and increase efficiency, which boosts their capacity to
fulfil the expanding demand from consumers. The lack of qualified labor, increasing
labor costs, and the requirement for increased accuracy and speed in order
processing are some of the issues that industrial automation may address for
the Indian e-commerce business. E-commerce companies may overcome these
difficulties and increase their bottom line by automating procedures including
inventory management, order picking, and packaging. The Indian government is
also encouraging the adoption of industrial automation technologies to improve
productivity and competitiveness in the country's manufacturing sector.
Browse over 38 market data Figures spread through 170 Pages and an in-depth TOC on the "India Industrial Automation Market”
India Industrial Automation market
is divided into component, industry, and vertical. Based on component, the
market is divided into hardware and software. The hardware sub-segment is
further fragmented into industrial sensors, industrial robots, AC motor drive,
field instruments, machine vision systems, servo system, programmable logic
controller, human machine interfaces, CNC controller, and others. Moreover, the
software sub-segment is further fragmented into data analysis and optimization,
management, networking, and others. Based on industry, the market is further segmented
into process automation, factory automation, and machine automation. Based on
vertical, the market is further split into pharmaceutical, food & beverage
machinery, energy equipment/mining/utilities, packaging machinery, automotive,
textile/fabric/coating machinery, logistics and transportation equipment,
electrical/electronic manufacturing, building materials machinery & fluid
machinery, machine tool industry, plastics/rubber machinery, industrial
robotics, wood working machinery, and others. On the basis of region, the
market is divided into South India, North India, West India, and East India.
Based on hardware, the market
is further divided into industrial sensors, industrial robots, AC motor drive,
field instruments, machine vision systems, servo system, programmable logic
controller, human machine interface, CNC controller, others. With a market
share of 18.51% in 2022, industrial sensors are the market leaders in the India
industrial automation market, and they are anticipated to maintain this
position throughout the forecast period. Due to rapid industrialization and the
expanding use of automation across several sectors, including manufacturing,
automotive, healthcare, and agriculture, India has a growing need for
industrial sensors. In India, industrial automation systems require industrial
sensors as a key component. Temperature, pressure, flow, level, and location
are just a few of the physical factors that are monitored and measured by these
sensors. They are used to provide real-time data and feedback to control
systems and enable automated processes.
Based on region, the India
Industrial Automation market is divided into South India region dominated India
industrial automation market with a market share of 39.98% in 2022. In recent
years, South India has become a significant center for industrial automation.
In order to boost production, efficiency, and quality, a number of businesses,
including those in the automotive, aerospace, electronics, and pharmaceutical
sectors, have been quickly embracing automation technology. South India has a
robust industrial automation ecosystem overall, with a number of universities,
research centers, and industrial automation businesses collaborating to promote
innovation and the adoption of new technology.
Key market
players in the India Industrial Automation Market include:
- Honeywell
Automation India Limited
- Rockwell
Automation India Pvt. Ltd
- Delta
Electronics India Pvt Ltd
- Yokogawa
India Limited
- Siemens Ltd
- Inovance
Technology Private Limited
- Emerson
Electric Company (India) Private Limited
- GE T&D
India Limited
- Omron
Automation Private Limited
- Orion
Electronics Private Limited
- ABB India
Limited
- Schneider
Electric India Pvt. Ltd
- Mitsubishi
Electric India Pvt. Ltd
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“India Industrial Automation Market stood at USD 8236.57 million in
2022 and is expected to register a CAGR of 11.17% during 2024-2030F owing to rising
government initiatives and adoption of IoT & Artificial Intelligence in industrial
automation, increasing adoption of industrial robots for automated production, rising
demand for AR And VR in industrial automation, among others. In recent years,
there has been an increase in the demand for augmented reality (AR) and virtual
reality (VR) in industrial automation. In industrial contexts, AR and VR
technologies can offer useful tools to enhance the maintenance, design, and
training processes. These technologies are anticipated to contribute a bigger
part to the future of industrial automation as they advance and become more
widely available. Additionally, large-scale production of identical products
using standardized procedures is known as mass manufacturing. Industrial automation refers to the use of
machines and technology to automate industrial processes, reducing the need for
human intervention. As a result, automation is becoming an essential element of
modern industrial procedures. Therefore, the above-mentioned factors are
responsible to boost the market of India Industrial Automation in the upcoming
years, 2024-2030” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
India
Industrial Automation Market Segmented By Component (Hardware{Industrial
Sensors, Industrial Robots, AC Motor Drive, Field Instruments, Machine Vision
Systems, Servo System, Programmable Logic Controller, Human Machine Interface,
CNC Controller, Others}, Software {Data Analysis and Optimization, Management,
Networking, Others}), By Industry (Process Automation, Factory Automation,
Machine Automation), By Vertical (Pharmaceutical, Food & Beverage
Machinery, Energy Equipment/Mining/Utilities, Packaging Machinery, Automotive,
Textile/Fabric/Coating Machinery, Logistics and Transportation Equipment,
Electrical/Electronic Manufacturing, Building Materials Machinery & Fluid
Machinery, Machine Tool Industry, Plastics/Rubber Machinery, Industrial
Robotics, Wood Working Machinery, Others), By Region, Competition, Forecast
& Opportunities, 2030F, has evaluated the future growth potential of India Industrial
Automation Market and provides statistics & information on market size,
structure, and future market growth. The report's goal is to give current
market knowledge and assist decision-makers in making informed investment
decisions. Furthermore, the study identifies and analyses emerging trends, as
well as key drivers, challenges, and opportunities in the India Industrial
Automation Market.
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