The latest report from ResearchAndMarkets.com, titled Global Industrial Automation Market Forecast to 2031 predicts significant growth in the sector. With an expected market value of $368.05 billion by 2031 and a projected CAGR of 9.1% from 2024 to 2031, key drivers include government support for industrial development, increased investment in automation, demand for energy-efficient solutions, and the imperative for streamlined supply chains. Despite these positive indicators, challenges such as high capital expenditure and workforce displacement remain.
The report highlights the pivotal role of sustainable solutions in driving market expansion, albeit alongside challenges related to cybersecurity risks. Notably, the Asia-Pacific region is poised to lead in snacks processing equipment, fueled by demand for automation across various industries, including automotive, electronics, and consumer goods.
Segment-wise, solutions are expected to dominate the market, especially with the adoption of PLM, ERP, and MES solutions. Semi-automatic systems are projected to maintain a significant share due to their flexibility and lower implementation costs, while the oil & gas sector is anticipated to lead in end-use applications.
Key questions addressed in the report include growth segments, historical market analysis, market forecasts, drivers, restraints, opportunities, major players, and geographical trends. Case studies and company profiles provide insight into industry dynamics and competitive landscapes. Additionally, the report delves into market strategies, competitive analysis, and value chain assessments across various regions.
For comprehensive details, visit ResearchAndMarkets.com at the provided link.
