According to TechSci Research’s report, India Industrial Automation Market By Region, Competition, Forecast & Opportunities, 2030F, the industrial automation market in India is poised for significant growth in the coming years. This expansion is driven by the increasing adoption of industrial robots for automated production, the emergence of connected enterprises, and the integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies across various industries. The market was valued at USD 8,236.57 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 11.17% from 2024 to 2030.
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Industrial automation optimizes manufacturing processes by employing advanced technologies like control systems, robotics, and IoT-enabled devices. This transformation ensures enhanced productivity, efficiency, and quality while reducing costs and errors. Key industries such as manufacturing, automotive, pharmaceuticals, and food and beverages are increasingly adopting automation technologies to stay competitive in a rapidly evolving market.
Browse over 38 market data Figures spread through 170 Pages and an in-depth TOC on the "India Industrial Automation Market”
Emerging Trends in Industrial Automation
Integration of Augmented Reality (AR) and Virtual Reality (VR)
The adoption of AR and VR in industrial automation is gaining traction. These technologies are being utilized for training, maintenance, and design processes, offering immersive experiences that enhance efficiency and accuracy. For instance, AR can provide real-time overlays for machine maintenance, while VR can simulate production environments for operator training.
Rise of Smart Factories
Smart factories represent the pinnacle of industrial automation, where IoT devices, advanced robotics, and AI-driven analytics converge to create highly adaptive and efficient production systems. These factories enable real-time monitoring, predictive maintenance, and adaptive production schedules, reducing downtime and operational costs.
Emphasis on Cybersecurity
With the increasing connectivity of industrial systems, cybersecurity has become a top priority. Companies are investing in robust security solutions to protect their operations from cyber threats, ensuring the safety of sensitive data and critical infrastructure.
Browse over 38 market data Figures spread through 170 Pages and an in-depth TOC on the "India Industrial Automation Market”@https://www.techsciresearch.com/report/india-industrial-automation-market/15147.html
Key Drivers of Market Growth
Government Initiatives and Policies
The Indian government is actively promoting industrial automation through various initiatives. Programs aimed at fostering innovation and adopting cutting-edge technologies, such as IoT and AI, underscore the government’s commitment to boosting productivity and competitiveness in the manufacturing sector. These initiatives provide a supportive policy framework and funding opportunities for businesses adopting automation solutions.
Growth of the E-commerce Sector
India’s e-commerce industry is a significant driver of industrial automation. The surge in online sales has necessitated faster and more efficient warehousing, logistics, and fulfillment operations. Automation technologies such as robots, automated guided vehicles (AGVs), and warehouse management systems are being deployed to streamline operations, reduce costs, and enhance accuracy.
Rising Labor Costs and Skill Shortages
The increasing cost of labor and a shortage of skilled workers are compelling industries to adopt automation solutions. Automated systems address these challenges by performing repetitive tasks with precision, allowing human resources to focus on higher-value activities.
Market Segmentation
By Component
The market is categorized into hardware and software components:
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Hardware: Includes industrial sensors, robots, AC motor drives, field instruments, machine vision systems, servo systems, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and CNC controllers. Industrial sensors dominated the segment with an 18.51% market share in 2022, thanks to their critical role in enabling real-time data collection and process optimization.
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Software: Encompasses data analysis and optimization, management, networking, and other applications.
By Industry
The market is segmented into process automation, factory automation, and machine automation, each catering to specific industrial needs.
By Vertical
Key verticals include pharmaceuticals, food and beverage machinery, automotive, energy equipment, packaging machinery, textiles, and more. Automation has penetrated diverse sectors, enhancing productivity and operational efficiency.
By Region
South India emerged as a leader in the market, accounting for 39.98% of the market share in 2022. The region’s robust industrial ecosystem, supported by advanced research centers and automation businesses, has facilitated widespread adoption of automation technologies.
Competitive Analysis
Key players in the India Industrial Automation Market include:
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Honeywell Automation India Limited
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Rockwell Automation India Pvt. Ltd
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Delta Electronics India Pvt Ltd
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Yokogawa India Limited
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Siemens Ltd
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ABB India Limited
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Schneider Electric India Pvt. Ltd
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Mitsubishi Electric India Pvt. Ltd
These companies are investing heavily in research and development to introduce innovative products and stay competitive. Strategic collaborations, mergers, and acquisitions are also prominent strategies to expand their market presence.
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10 Benefits of the Research Report
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Comprehensive Market Insights: Detailed analysis of market size, structure, and growth potential.
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Emerging Trends Identification: Insights into the latest technologies and trends shaping the market.
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Regional Analysis: Breakdown of market dynamics across South, North, West, and East India.
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Competitive Landscape: In-depth profiling of key market players and their strategies.
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Market Forecasts: Accurate projections for 2024-2030 to aid strategic planning.
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Sector-Specific Insights: Analysis of various verticals, including automotive, pharmaceuticals, and logistics.
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Technology Focus: Insights into the role of IoT, AI, AR, and VR in industrial automation.
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Policy Analysis: Overview of government initiatives and their impact on market growth.
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Investment Opportunities: Identification of lucrative areas for investment.
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Customization Options: Tailored reports to meet specific business needs.
Future Outlook
The India Industrial Automation Market is set to experience robust growth over the next decade. Factors such as technological advancements, supportive government policies, and rising demand for efficiency in production processes will drive this expansion. The growing adoption of smart factories, AR/VR technologies, and cybersecurity solutions will redefine the industrial landscape, making automation indispensable for businesses aiming to stay competitive.
As industries across India increasingly recognize the value of automation, the market will continue to evolve, offering unprecedented opportunities for growth and innovation. Companies that embrace these changes and invest in advanced technologies will be well-positioned to lead in the era of Industry 4.0.
Customers can also request 10% free customization on this report.
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