Industrial Automation Market size is predicted to witness steady growth thanks to a shift in trend from traditional techniques to digitized systems. The increasing need for the production of machinery supports the Industrial Automation Market to grow at 7.56% CAGR in the coming years.

Industrial Automation is most commonly known as the use of control systems, such as computers or robots, and information technologies for handling different processes and machineries in an industry to replace a human being. It is the second step beyond mechanization in the scope of industrialization; these are the main factors that have considerably increased the demand for the Industrial Automation in the market, thereby driving the huge growth of the Industrial Automation market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Industrial Automation in the market is mainly due to the huge rise in the demand of mass production in industries owing to its features such as minimal human intervention, improved quality, and lesser labour expenses, which culminate in minimum overall operational cost. The demand for factory automation has an additional boost due to the growing adoption of Industry 4.0 trend and Iota enabled smart technologies. However, the growth of factory automation is hindered due to high investment, limited availability of professionals, and inadequate awareness about security; these are the main factors that have considerably increased the demand for the Industrial Automation in the market, thereby driving the huge growth of the Industrial Automation market in the upcoming years

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Report is segmented as:

Industrial Automation Market is segmented on the basis of by:

By Automation Type into Distributed Control System, Programmable Logic Control System, Machine Vision System, Manufacturing Execution Systems, Human Machine Interface, Supervisory Control And Data Acquisition, Product Life Management, Plant Asset Management, Computer Numerical Control Routers, Electronic Control Units, Others

By Industry into Automotive & Transportation, Metals & Mining, Oil and Gas, Pulp & Paper, Hydropower, Energy & Power System, Chemical, Material and Food, Measurement and Instrumentation

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Geographical Segmentation:

Industrial Automation Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Industrial Automation is due to the these are the main factors that have considerably increased the demand for the Industrial Automation in the , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Industrial Automation Market

Impact of COVID-19 on Market

Covid -19 pandemic has affected the growth of business of every sector and it also affected the growth of the Industrial Automation market, and temporary lack of growth in export and import activities, which has impacted the rays of Industrial Automation market growth. Covid-19 pandemic has impacted huge on the sales revenue of Industrial Automation market. Due to the government restrictions like lockdown in many countries has shut down the commercial and industrial establishments and also stopped in transportation these made huge loss for Industrial Automation market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.

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