Global Industrial Automation Market Study Industrial automation refers to use of computers, robots, IOT based applications, and information technologies control systems for managing distinct processes. Industrial automation is less human intensive model and more technology intensive mode, made to minimize human intervention & lower the possibilities of errors. In the era of continuous technological developments, industrialization is become advanced and thus using 3D printing, automation, IIoT, 5G, digital transformation, AR & VR at a massive rate.
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ABB Ltd. B&R Industrial Automation GmbH Hitachi Ltd. INDUSTRIAL AUTOMATION (M) SDN BHD KOYO ELECTRONICS INDUSTRIES CO., LTD. Mitsubishi Electric Corporation Omron Corporation Rockwell Automation Maier and Vidorno Yokogawa Electric Corporation
Competitive scenario: The study assesses factors such as segmentation, description, and applications of Industrial Automation industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business. MARKET DYNAMICS
The factors attributing toward the growth of the market includes adoption of robotics, industry 4.0, digital transformation in industrial activities. Adoption of mentioned technologies are positively impacting the scope of automation and thereby influencing the market growth. In addition to this, favorable government support for deployed state-of-the-art technologies such as 5G and robotics are some other aspects projected to provide ample of growth opportunities to the players operating in the industrial automation market.