With the use of the automated tool and the organization’s best-built plan for maximising output, automation has completely altered the production capabilities of the company.
The automation industry exists to assist individuals in avoiding errors and living a life that runs smoothly.
Particularly in the areas of 3D printing, artificial intelligence, and drones, whose combined worldwide sales are anticipated to nearly treble over this time, the global automation industry is forecast to expand relatively significantly.
The creation of industrial software is essential to the tech, engineering, and scientific research sectors, and automation is a significant element in the majority of modern enterprises.
A mechanical system that completes work for individuals is called automation. Fewer mistakes result from reduced human involvement, which raises process efficiency.
Numerous advantages for humanity, including increased productivity, a decrease in labor-intensive work, higher profitability, and improved safety, are frequently attributed to the automation industry.
The most crucial components of automation are robotics and control systems since they are the foundation of all functionality.
There are various benefits to automation, some of which have emerged as prestigious development drivers for the industry, which is anticipated to expand with an exceptional CAGR of 9%–12% from 2020 to 2025.
With a 33% revenue market share, the Asia-Pacific region leads the world in terms of geography in the automation industry in 2019.
The International Monetary Fund estimates that around 1 million USD worth of industrial robots are presently deployed in Asia, accounting for 67% of the world’s industrial robot utilization.
The Asia-Pacific region, which is a centre for manufacturing, is devoting time and money to accelerating automation and is predicted to be at the forefront of the global autonomous revolution.
The major growth drivers:-
- Production rates are increased.
- Safety at work is improved.
- Automated 3D printed work.
The key players according to the automation market are ABB, Honeywell Solutions, Emerson Electric, Siemens AG, Schneider Electric, Mitsubishi Electric Corporation, General Electric, Rockwell Automation, and Yokogawa Electric.
Source:- Industrial automation india