Industrial Automation Market Overview The industrial automation market is set to grow at a CAGR of 9.35% during the forecast period 2018 to 2023. As per the market research report, the market will reach a high value by the end of 2023. The market growth will be driven by robust growth in the manufacturing sector. Based on the research report, favorable government policies will accelerate growth in the market till 2023. Industrial Automation empowers risk mitigation, resiliency, agility, responsiveness, and faster time to market. Various automated processes are being deployed in industries like electronics, automotive, and chemicals, amongst others. Favorable government policies that support manufacturing benefit the growth of businesses, technology providers, and the industrial automation market. New automation technologies that enable higher wages offset are considered as key industrial automation market trends. Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2212 Market Segmentation The industrial automation market is segregated into different market segments based on type, technology, and end-user. For a comprehensive analysis of the market, the type, technology, and end-user segments are further split into smaller segments. The type segment is categorized into fixed automation and programmable automation. Furthermore, based on technology, the global market is also segmented into SCADA, PAC, PLC, DCS, HMI. Based on the market segmentation analysis, the report covers market forecasts. On the basis of end-user, the global market is split into sub segments including aerospace & defense, automotive, electronics, machine manufacturing, oil & gas, and pharmaceuticals. The shift from manual assistance to automation will support the market growth from 2018 to 2023. As per the market research report, the global market for industrial automation is anticipated to grow at a healthy rate across all the type, technology, and end-user segments. However, the presence of active threats such as dynamic policies and regulations could hamper the market growth. Business activities across automation technology have also been examined and studied by automation technology industry’s experienced analysts. The industrial automation market research report covers findings with predictions and forecasts till 2023. Regional Overview The industrial automation market, with its segments, is present in different parts of the world. Automation technology based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The lack of skilled human resource is anticipated to be a major factor for growth across the automation technology space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The automation technology sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Automation technology based businesses in these regional markets are anticipated to grow due to technological advances during the forecast period 2018 to 2023. Although the market’s growth could be affected by high deployment and maintenance
Industrial Automation Systems Market Research Report - Global Forecast to 2030
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