The automation market size continues to grow with the advancement in technology and improvement in connectivity.
Market By Type, Components, Application, End-user And Geogra ..VIEW REPORT
Automation refers to the use of computers and other automated machinery to execute a sequence of business-related activities or tasks smoothly and efficiently. The ultimate goal of such engineering is to accelerate the process and save time. Its application may range from the simplest of devices to complex equipment. Therefore with such modern, developed and innovative technology in the automation market, the production process has become significantly more efficient, cost-effective and almost error-free as minimal human input is involved.Although automation plays a vital role in increasing productivity and reducing labor costs in service sectors, its most wide-scale application can be observed in the manufacturing sector. The rapidly evolving technologies have enabled improved quality and flexibility of the manufacturing process. The analysis of automation on an industrial level has revealed many advantages related to the implementation of automation in various lines of trade, which include high productivity, high quality, high flexibility, high information accuracy and high safety. Although it comes with a high initial cost, it eventually pays itself off. For example, it reduces the cost spent on worker wages, which save the operating expenses for the company that can be invested in automating the work process of the company.Over the course of time, with huge investments in research and development facilities, the global industrial automation market has evolved to reduce human dependency and be cost & time effective at the same time. The automation market continues to grow with the advancement in technology and improvement in connectivity. Its market analysis has shown that the Automation industry will outpace all expectations in the near future. This concept has revolutionized human life to the extent of interweaving its application with nearly every possible field. This technology has grown and matured to a stage where it has originated other various well-established technologies that have and gained a reputed position in the market. Some of the industrial automation technologies available in the global market are distributed control system (DCS), programmable logic control system (PLC), human-machine interface (HMI), supervisory control and data acquisition (SCADA), electronic control units (ECU), etc. The leading players engaged in the market are Siemens, ABB Group, Rockwell, Honeywell International Inc., Toshiba Machine Corporation, Emerson Electric Company, etc. Robotics is one such specialized automation technology in which the machines possess human-like characteristics. For example, the most commonly used equipment in the manufacturing sectors is an industrial robot which is used in various applications such as assembling, painting, loading and unloading of heavy or toxic materials. The global robotics market is expected to generate an astounding revenue and attract a humongous investment from key players like iRobot Corporation, Google Inc., Northrop Grumman, Touch Bionics, Grey Orange, etc.Triton offers a broad range of reports on the topic such as Machine Vision Market, Process Automation And Instrumentation Market, Industrial Robotics Market, Service Robotics Market And Robotics Automation Market.The reports have been listed under the following segments:Industrial Automation: Due to the increased level of competition, industries are aspiring to produce a high-quality product without any human error. In industrial automation, human involvement is replaced by logical and automated programming generated from computers and powerful machinery.Robotics: It is the field of Artificial Intelligence (AI) that deals with the designing, manufacturing and operation of robots. This field is evolving at a rapid rate, and with the course of time, robots are becoming highly skilled, time efficient and are also increasing the production output.Read More