Industrial Automation Market Application, Types, Scope Forecast...

Industrial Automation Market Application, Types, Scope Forecast 2030

Posted 2024-12-31 06:36:40

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The industrial automation market size is projected to reach US$ 322.67 billion by 2030 from US$ 171.23 billion in 2022. The market is expected to register a CAGR of 8.2% during 2022–2030.

The Industrial Automation Market is expanding swiftly, driven by the need for efficiency, precision, and reduced operational costs across manufacturing sectors. Automation technologies like robotics, AI, and IoT enable smart production systems and real-time monitoring. Key drivers include Industry 4.0 adoption and rising demand for energy efficiency. Market players focus on innovation and integration for enhanced productivity and sustainability.

Source: The Insight Partners

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