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Asia-Pacific Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi, Fully Automatic), End User (Oil & Gas, Automotive, F&B, Others), and Geography - Forecast to 2030
Report ID: MRICT - 104964 Pages: 200 Jul-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe Asia-Pacific Industrial Automation Market is projected to reach $136.9 billion by 2030, at a CAGR of 9% from 2024 to 2030. The growth of this market is driven by the growing adoption of robots in the manufacturing sector, government initiatives to promote industrial automation, and increasing investments in transforming conventional production facilities. The growing number of SMEs and rising demand for IIoT in Asia-Pacific's manufacturing sector are expected to offer significant growth opportunities for the stakeholders in the Asia-Pacific industrial automation solutions market. The high initial investment may restrain the market's growth. Furthermore, the limited availability of skilled labor and cyber risks associated with automated systems are expected to challenge the growth of the Asia-Pacific industrial automation solutions market.
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The adoption of industrial robots has increased exponentially during the last decade due to their benefits, such as high productivity, consistent speed & quality, improved workplace safety, and better floor space utilization. Many industries, such as healthcare, agriculture, food & beverage, manufacturing, and processing, use robots to perform critical and time-consuming tasks.
The automotive industry uses industrial robots for assembly line applications such as welding, painting, assembly, pick & place, packaging & labeling, and product inspection. The automobile industry uses industrial robots throughout its assembly line. These applications of industrial robots include welding, painting, assembly, pick and place, packaging and labeling, and product inspection. Robots provide numerous benefits in metal and plastic manufacturing, including improved efficiency, precision, and quality. They can perform tasks such as welding, cutting, machining, and molding with high accuracy and repeatability, ensuring consistent production of high-quality parts.
Robots are also entering new markets, including textiles, wood products, and plastics. Hence, the increasing adoption of robots in the manufacturing sector is boosting the demand for industrial automation solutions, driving the growth of this market. According to the International Federation of Robotics, in 2021, Sales of industrial robots in India accounted for 4,945 units installed. This is an increase of 54 percent compared to 2020. The automotive industry remains the largest customer for the robotics industry in India in 2021. Due to the growing adoption of industrial robots, companies are exerting efforts to launch robots for the manufacturing industry. For instance, in August 2024, OMRON Corporation (Japan), a leading provider of end-to-end industrial automation solutions, launched its new OMRON TM20 cobot with a payload of 20 kg. This robot is designed to work seamlessly with other OMRON products, including sensors, controllers, and software, to provide a comprehensive automation solution for manufacturers. Such company initiatives to support the increasing adoption of robots in the manufacturing industry are expected to support the growth of the automation solutions market.
Based on Component, the Plant-level Controls Segment is Projected to Register the Highest CAGR During the Forecast Period
The growth of this segment is driven by the increasing need to improve the productivity of manufacturing/industrial engineers across the industries, the growing need to enhance supply chain operations, maintenance management, data collection, and product configurations, increasing implementations of SCADA to control and optimizes industrial operations, and increasing deployments of HMI for displaying data, tracking production time and trends, and monitoring machine inputs and outputs.
Based on Mode of Automation, the Fully-automatic Systems Segment is Projected to Register the Highest CAGR During the Forecast Period
The growth of this segment is driven by the growing need to increase industrial production capabilities. Adopting fully automatic systems helps companies increase their throughput volumes by automating the feeding and assembly processes. The companies adopting fully automatic systems are usually large-scale companies with automated equipment in their operating facilities and are exploring ways to minimize long-term costs by reducing human labor. Furthermore, the rising focus of key players on product development and enhancement is expected to drive segment growth. For instance, in January 2021, Yokogawa Electric Corporation (Japan) launched the new version of CENTUM VP R6.08. This integrated production control system version includes enhancements such as CPU module upgrades, enhanced online upgrades, and CPU module replacement. This can be used for plant operation monitoring and automatic control.
Based on End User, the Automotive Segment is Projected to Register the Highest CAGR During the Forecast Period
The growth of this segment is driven by the increasing implementation of machine vision systems and sensor technologies by automotive manufacturers, increasing utilization of robotics for automotive body assembly automation, including streamlining repetitive processes like welding, material handling, and assembling auto body components, and intelligent automation for enhanced manufacturing flexibility. Automotive manufacturers can save on labor costs and rework, improving quality and repeatability with robotics, vision, and software integration.
China: The Fastest-growing Country-level Market
China is projected to register the highest CAGR during the forecast period. The growth of this region is driven by the reduced cost of automation systems, increasing labor costs, and increasing safety and hygiene requirements in the industrial sector. In December 2022 , ABB Ltd (Switzerland) invested USD 150 million in its state-of-the-art, fully automated, and flexible robotics factory in Kangqiao, Shanghai, China. This investment will deploy the company’s digital and automation technologies to manufacture next-generation robots – enhancing ABB’s robotics and automation leadership in China. Such development is expected to support the growth of the market.
Key Players
Some of the key players operating in the Asia-Pacific industrial automation solutions market are ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and General Electric Company (U.S.).
Scope of the Report:
Asia-Pacific Industrial Automation Solutions Market Assessment, by Component
Asia-Pacific Industrial Automation Solutions Market Assessment, by Mode of Automation
Asia-Pacific Industrial Automation Solutions Market Assessment, by End User
Asia-Pacific Industrial Automation Market Assessment, by Country/Region
Key questions answered in the report:
The Asia-Pacific industrial automation market is projected to reach $136.9 billion by 2030, at a CAGR of 9% during the forecast period.
The plant-level controls segment is expected to grow with the highest CAGR during the forecasted period.
The fully-automatic systems segment is expected to grow with the highest CAGR during the forecasted period.
The growth of this market is driven by the growing adoption of robots in the manufacturing sector, government initiatives to promote industrial automation, and increasing investments in transforming conventional production facilities.
The key players operating in the Asia-Pacific industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and General Electric Company (U.S.).
China is projected to register the highest CAGR during the forecast period and offer significant growth opportunities for market players.
Published Date: Jul-2024
Published Date: Jul-2024
Published Date: Apr-2024
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