India Industrial Automation Market By Component (Hardware, Software), By Industry (Process Automation, Factory Automation, Machine Automation), By Vertical (Pharmaceutical, Food & Beverage Machinery, Energy Equipment/Mining/Utilities, Packaging Machinery, Automotive, Textile/Fabric/Coating Machinery, Logistics and Transportation Equipment, Electrical/Electronic Manufacturing, Building Materials Ma
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Industrial Automation Market By Component (Hardware, Software), By Industry (Process Automation, Factory Automation, Machine Automation), By Vertical (Pharmaceutical, Food & Beverage Machinery, Energy Equipment/Mining/Utilities, Packaging Machinery, Automotive, Textile/Fabric/Coating Machinery, Logistics and Transportation Equipment, Electrical/Electronic Manufacturing, Building Materials Ma
The India Industrial Automation market
"Industrial automation" is the phrase used to describe the automation and optimisation of industrial processes by the use of technology, such as robots, control systems, and other devices. Industrial automation has applications in a wide range of sectors, including manufacturing, the production of food and drink, the automotive and pharmaceutical industries, among many others. The basic goal of industrial automation is to raise output, efficiency, and quality while minimising costs and mistakes. Numerous operations, ranging from straightforward repetitions to intricate industrial processes, may be automated. Technology used in industrial automation includes Programmable Logic Controllers (PLCs), Human-machine Interfaces (HMIs), sensors, robots, and other devices.
Emergence of Connected Enterprise
The emergence of connected enterprise is driving industrial automation in several ways. A connected enterprise is one in which all the equipment and systems are linked and exchange real-time information. As a result, businesses are able to operate more effectively, with better agility, and swiftly adapt to changing market conditions. . Using Internet of Things (IoT) devices and sensors is one way that linked company is advancing industrial automation. IoT devices can be used to monitor and control industrial processes in real-time, enabling companies to optimize their operations and reduce costs. For instance,
Adoption of IoT and AI in Industrial Environments
Over the past few years, India has steadily embraced AI (Artificial Intelligence) and IoT (Internet of Things) in industrial settings. The demand for increased productivity, efficiency, and competitiveness has spurred the adoption of these technologies. IoT and AI have been broadly embraced in a number of sectors, including industry. To monitor and optimise manufacturing processes, maintain inventory levels, and enhance quality control, IoT devices including sensors, cameras, and RFID tags are employed. The data produced by these devices is being analysed using machine learning and AI-powered analytics to give insights that are utilized to increase operational effectiveness and save costs.
Increasing Adoption of Industrial Robots For Automated Production
The increasing adoption of industrial robots for the automation of production is a trend that has been ongoing for several years and is expected to continue in the upcoming years. To increase efficiency, productivity, and quality, industrial robots are utilized in a variety of sectors, including the automotive, electronics, food and beverage, and pharmaceutical industries. In order for enterprises to remain competitive in the market, there is an urgent need for the increased usage of industrial robots. Industrial robots have a high degree of accuracy and uniformity while doing repeated activities, which can save manufacturing costs and boost product quality. These technologies are allowing robots to become more versatile and adaptable, which means they can perform a wider range of tasks and are better equipped to handle complex manufacturing processes. Overall, the increasing adoption of industrial robots for the automation of production is a trend that is likely to continue as manufacturers seek to remain competitive, improve efficiency, and respond to changing market conditions.
Adoption of Industry 4.0
India has seen an increase in the use of Industry 4.0, particularly in sectors including automotive & transportation, packaging, metal, and others. Many Indian companies are using the potential of connected devices, sensors, and data analytics to increase operational efficiency, cut costs, and improve customer experiences as a result of the rapid advancement in technology and the growing use of the Internet of Things (IoT).
IoT-enabled sensors are increasingly being used in the industrial industry to monitor machinery and equipment in real time, enabling predictive maintenance and minimizing downtime. Additionally, this technology is being utilised to streamline workflows and reduce waste, saving money in the process. India is rapidly adopting Industry 4.0 technology, and several businesses from all sectors have begun implementing digital transformation programs. Overall, Industry 4.0's rise in India is changing the production environment and increasing its efficiency and competitiveness. India is well-positioned to dominate the world of advanced manufacturing with continuous investment and acceptance of these technologies.
Impact of CovidDisruption in Supply Chain
The pandemic has caused supply chain disruptions, which has caused delays in the delivery of parts and machinery needed in industrial automation. The Indian government's travel bans and lockdowns also hindered the transportation of products and services, resulting in snags in the supply chain. India, being a major manufacturer and exporter of industrial automation products, has faced significant challenges due to the pandemic. Deliveries of goods have been delayed as a result of the supply chain disruption, and the cost of raw materials has risen up. The Chinese market, in particular, is very important to the India industrial automation market . A scarcity of necessities has developed in the market as a result of the pandemic's impact on China's supply of goods. Furthermore, the supply of goods in the Indian market has been influenced by the application of anti-dumping tariffs on Chinese goods.
Challenges
High-skilled individuals are increasingly in demand for industrial automation. Industries are progressively automating their operations to boost productivity, save costs, and enhance quality as a result of technological advancements. As a result, there aren't enough qualified personnel to develop, install, maintain, and run automation systems. There may also be a shortage of graduates with the necessary skills and knowledge to work in industrial automation because the field is still relatively new and many educational institutions are still catching up to the demand for trained professionals. This presents a challenge for the India industrial automation market.
Recent Developments/Government Initiatives
The industrial automation market is anticipated to grow in West India, encompassing Maharashtra, Pune, and Rajasthan, , as a result of the government's most recent efforts, such as "Make in India" and "Digital India." In order to boost productivity and competitiveness and boost demand for automation solutions and services, the government is encouraging the implementation of automation technology in many industries.
Escalating Government Investments and Initiatives
The Indian government has been actively investing in and promoting industrial automation through various initiatives aimed at boosting the manufacturing sector's growth and competitiveness. The Make in India program, which aims to make it easier to do business in India, encourage innovation, and increase both local and international investment in the manufacturing sector, including industrial automation, is one of the important projects and investments that are being made in India.
The goal of Digital India is to make India a knowledge-based society and economy. In order to enhance manufacturing procedures, the government is encouraging the use of digital technologies including IoT, artificial intelligence, and data analytics. Industrial automation has been highlighted by the government as a crucial facilitator of this transition. The overall goals of the Indian government's investments and activities in industrial automation are to encourage innovation, enhance productivity, and boost the manufacturing sector's competitiveness. In the upcoming years, these initiatives are anticipated to have a substantial influence on India's economic growth and development.
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Market Segmentation
India Industrial Automation Market
Market Player
| Attribute | Details |
| Market Size Value in 2022 | USD8236.57 million |
| Revenue Forecast in 2030 | USD18691.63 million |
| Growth Rate | 11.17% |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2030 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2030 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Industry Vertical Region |
| Country scope | India |
| Region scope | South India, North India, West India, and East India |
| Key companies profiled | Honeywell Automation India Limited, Rockwell Automation India Pvt. Ltd, Delta Electronics India Pvt Ltd, Yokogawa India Limited, Siemens Ltd, Inovance Technology Private Limited, Emerson Electric Company (India) Private Limited, GE T&D India Limited, Omron Automation Private Limited, Orion Electronics Private Limited, ABB India Limited, Schneider Electric India Pvt. Ltd and Mitsubishi Electric India Pvt. Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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