GLOBAL AUTOMATION INDUSTRY MARKET RESEARCH REPORTS, ANALYSIS & CONSULTING

Automation is an interdisciplinary technology that connects mechanical engineering, electrical engineering and information technology. Advances in technology together with changing labor demographics are proving to be the vital perspective shaping this new business model.  The global industrial control and factory automation market is estimated to reach $205.67 billion by 2020 growing at CAGR of 6.81% from 2015 to 2020. Global medical automation market is valued at $43.31 billion in 2013 and is poised to grow at a CAGR of 9.21% from 2013 to 2018, to reach $67.31 billion by 2018.

Moreover, automation contributes to the global competitiveness of the manufacturing industry and provides outstanding potential for ensuring value creation at a location whose labor costs are high by international standards. The retail automation market was valued at $93.11 billion in 2013 and is expected to reach $276.51 billion by 2020, at a CAGR of 16.82% between 2013 and 2020. Global IT robotic Automation Market Research Reports was valued at US$0.23 billion in 2013 and is poised to reach US$4.93 billion by 2020.

Currently, automation growth is taking place mainly in global markets where new factories and plants are being built. Services already make up an essential component of the automation industry and deeper integration of services with products will act as a catalyst for the automation industry. Novel application areas like biotechnology and micro technology create challenges for future theoretical work in the modeling, analysis and design of control systems. The acquisition of new expert labor is recognized as a major hindrance in the way of additional expansion of the automation area.

Title Published Price

Industrial Brushes Market

According to Stratistics MRC, the Global Industrial Brushes Market is accounted for $611.67 million in 2019 and is expected to reach $1,050.97 million by 2027 g... Read more

August,2020

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Inline Metrology Market

According to Stratistics MRC, the Global Inline Metrology Market is accounted for $337.72 million in 2019 and is expected to reach $1,227.03 million by 2027 gro... Read more

August,2020

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Automated Guided Vehicle Agv Market

According to Stratistics MRC, the Global Automated Guided Vehicle (AGV) Market is accounted for $2.10 billion in 2019 and is expected to reach $4.95 billion by ... Read more

August,2020

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Agriculture Drones Market

According to Stratistics MRC, the Global Agriculture Drones Market is accounted for $1.18 billion in 2019 and is expected to reach $9.28 billion by 2027 growing... Read more

July,2020

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Food Service Equipment Market

According to Stratistics MRC, the Global Food Service Equipment Market is accounted for $34.20 billion in 2019 and is expected to reach $64.72 billion by 2027 g... Read more

July,2020

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Gantry Robot Market

According to Stratistics MRC, the Global Gantry Robot Market is accounted for $2.87 billion in 2019 and is expected to reach $5.31 billion by 2027 growing at a ... Read more

July,2020

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Substation Automation Market

According to Stratistics MRC, the Global Substation Automation Market is accounted for $134,930 million in 2019 and is expected to reach $240,644 million by 202... Read more

July,2020

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Aerospace And Life Sciences Testing Inspection And Certification Tic Market

According to Stratistics MRC, the Global Aerospace & Life Sciences Testing, Inspection, And Certification (TIC) Market is accounted for $33.79 billion in 20... Read more

July,2020

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Touch Probe Market

According to Stratistics MRC, the Global Touch Probe Market is accounted for $572.24 million in 2019 and is expected to reach $905.20 million by 2027 growing at... Read more

July,2020

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Lidar Drone Market

According to Stratistics MRC, the Global LiDAR Drone Market is accounted for $109.02 million in 2019 and is expected to reach $535.02 million by 2027 growing at... Read more

July,2020

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