India Industrial Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Industrial Automation Companies in India and the Market is is Segmented by Type of Solution (Automated Material Handling Solutions (Hardware (Conveyor/Sortation Systems, Automated Storage and Retrieval Systems (AS/RS), Mobile Robots, and Automatic Identification and Data Capture (AIDC))) and Software - Warehouse Management Systems (WMS)/Warehouse Control Systems (WCS)), by Factory Automation Solutions (Industrial Control Systems DCS, SCADA, PLC, and HMI), Field Devices (Sensors and Transmitters, Electric AC Drives, Servo Motors, Computer Numerical Control (CNC) Machines, Inverters, and Industrial Robots), and Software (Manufacturing Execution System (MES) and Product Lifecycle Management (PLM) (Tools, Digital Manufacturing))), and by End User (Automated Material Handling Market (Manufacturing and Non-Manufacturing (General Merchandise, Healthcare, and FMCG/Non-Durable Goods)) and Factory Automation Market (Food and Beverage, Pharmaceutical, Automotive, Textiles, Power, Oil and Gas, Petrochemicals, and Fertilizers)). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

India Industrial Automation Market Size

India Industrial Automation Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 15.12 Billion
Market Size (2029) USD 29.43 Billion
CAGR (2024 - 2029) 14.26 %
Market Concentration Low

Major Players

India Industrial Automation Market

*Disclaimer: Major Players sorted in no particular order

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India Industrial Automation Market Analysis

The India Industrial Automation Market size is estimated at USD 15.12 billion in 2024, and is expected to reach USD 29.43 billion by 2029, growing at a CAGR of 14.26% during the forecast period (2024-2029).

Industrial automation refers to using control systems, like robots, computers, and information technologies, to handle several processes and machinery in an industry to replace human beings. It is the second step past mechanization in the scope of industrialization.

  • The Industrial Internet of Things and Industry 4.0 is at the center of the latest technological approaches for the evolution, production, and management of the complete logistics chain, also known as smart factory automation, and are dominating the trends in the industrial sector with machinery and devices being connected via the internet.
  • Labeling equipment is a crucial component for production lines in several industries. In addition to the basic structure, the machines also feature an automatic label feeder to keep track of label length and retrieve it as the product changes size. These features are beneficial in reducing downtime, increasing productivity, and reducing costs.
  • Moreover, The adoption of automated equipment in the healthcare industry is expected to grow, owing to the growing manufacturing sectors in India. Major trends, such as the growth of private healthcare providers, the expansion of drug manufacturing companies, and the rollout of universal healthcare, are expected to shape the pharmaceutical industry in the future.
  • The installation and acquisition cost of an automation system for an intelligent factory represents approximately half of the total cost during its lifetime. Further, the frequent changes in networking and technology result in substantial cost increases, which is more than the initial investment, further restraining the adoption of industrial automation in India
  • The COVID-19 outbreak and lockdown restrictions worldwide severely affected industrial activities. The effects of the lockdown include labor shortages, disruptions in the supply chain, lack of availability of raw materials utilized in the manufacturing process, fluctuating prices that could force the production of the final product to increase and go beyond budget, shipping problems, etc.

India Industrial Automation Market Trends

HMI to Witness the Growth

  • A Human-Machine Interface (HMI) is a user interface or dashboard whose primary function includes connecting a person to a machine, system, or device. HMI functions by communicating with Programmable Logic Controllers (PLCs) and input/output sensors to fetch and display important information in the form of graphs, charts, or digital dashboards, along with other functions such as viewing and managing alarms, and connecting with SCADA, ERP, and MES systems, all through one console. In the factory automation scope, major components that facilitate interaction with that machine include industrial control panels, industrial PC and display, machinery controls, touchscreens, keypads, switches, and software for controlling equipment.
  • In industrial settings, HMIs are primarily utilized for Visually displaying data, tracking production time, trends, and tags, overseeing key performance indicators (KPIs), and monitoring machine inputs and outputs. These applications boost production rates, minimize hardware costs, ease managerial tasks, and reduce work-related accidents.
  • HMI is extremely useful for industries related to manufacturing as it primarily needs customized programming according to the plant's specific requirements, and it is ready to monitor, control, and safeguard machines and operations without the need for human intervention in either simple or complex jobs.
  • The growing use of HMI technology in all industrial organizations, such as energy, oil and gas, transportation, food and beverage, power, water and wastewater, manufacturing, recycling, and many more, as well as a wide range of the application of other companies to interact with their devices and optimize their industrial processes.
India Industrial Automation Market: Proposed Investment Value in the Food Processing Industry, In INR Billion, India, 2020 - 2022

Factory Automation Market - Automotive Sector to Witness the Growth

  • The automotive industry is one of the prominent sectors that hold a significant in the worldwide automated manufacturing facilities. It is observed that the production facilities of various automakers are automated to maintain accuracy and efficiency. Moreover, the growing trend of replacing conventional vehicles with EVs is expected to augment the automotive industry's demand further.
  • According to the IBEF automobile industry report, the two-wheelers segment dominates the market in terms of volume due to a growing middle-class population, and a considerable percentage of India's population is young. Moreover, the rising interest of companies in examining the rural markets is further aiding the sector's growth. The growing logistics and passenger transportation industries are driving the demand for commercial vehicles. Future market growth is expected to be fueled by new trends, including the electrification of vehicles, particularly small passenger automobiles and three-wheelers.
  • Furthermore, companies are using automated automotive assembly lines for manufacturing components such as motors, gearboxes, fuel systems, and pumps. Robotics and vision are best suited for creating ergonomic and efficient product lines that protect the human workforce from hazardous conditions while completing assembly quickly. Hence, the safety factor is also driving automation in the automotive industry of India.
  • India is also a major auto exporter and has substantial export growth expectations for forecast period. Additionally, several initiatives by the Government of India, like the scrappage policy, Automotive Mission Plan 2026, and production-linked incentive schemes in the Indian market, are likely to make India a prominent player in the two-wheeler and four-wheeler markets.
India Industrial Automation Market: Sales of Automobiles India FY 2018-2023, by Type, in Millions

India Industrial Automation Industry Overview

India's industrial automation market is competitive due to multiple players, such as BHEL, ABB Limited, Grey Orange Pte Ltd, and Kardex India Storage Solutions Pvt. Ltd, Mitsubishi Electric, and more. Players adopt product innovations, partnerships, mergers, and acquisitions to increase their market shares and recyclability, further driving the market.

  • June 2023 - The Schaefer Systems International Pvt. Ltd launched a fully automated piece-picking system with numerous innovative features the SSI Piece Picking application. This versatile solution includes dedicated smart software and boasts advanced functions such as object recognition using artificial intelligence (AI), pick-and-place, patented gripping point determination, and extremely gentle product handling.
  • June 2023 -Mitsubishi Electric announced that its wholly owned subsidiary ICONICS, Inc., has formally agreed to completely acquire ICONICS UK, Ltd., which sells supervisory control and data acquisition (SCADA)1 software and develops related cloud applications. Mitsubishi Electric and ICONICS plan to leverage ICONICS UK's technology and to establish a Circular Digital-Engineering business model for factory-automation solutions that optimize factory equipment and systems

India Industrial Automation Market Leaders

  1. Daifuku India Private Limited

  2. Space Magnum Equipment Private Limited

  3. Godrej Koerber Supply Chain Limited

  4. Kardex India Storage Solutions Private Limited (Kardex Holding Ag)

  5. Armstrong Ltd

*Disclaimer: Major Players sorted in no particular order

India Industrial Automation Market Concentration
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India Industrial Automation Market News

  • June 2023 - ABB India has been contracted to supply ArcelorMittal Nippon Steel India's (AM/NS India) advanced steel cold rolling mill (CRM) in Hazira, Gujarat, with electrification and automation systems, including the ABB Ability System 800xA distributed control system (DCS) and related machinery and supplies. The original equipment manufacturer (OEM) for the project, John Cockerill India Limited (JCIL), is responsible for the contract at the flagship manufacturing facility.
  • March 2023 - Bastian Solutions Private Limited showcased numerous products and presentations during this year's ProMattradeshow, March 20-23, 2023. The company's booth featured a live system demonstration that integrates multiple technologies, including autonomous vehicles, Bastian Solutions SmartPicK AutoStore, Tompkins Robotics tSort, Bastian Solutions conveyor, and more.

Industrial Automation Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of the Impact of COVID-19 on the Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growing Demand for Labels Manufactured with Digital Print Technologies

      2. 5.1.2 High Adoption from the Healthcare and Cosmetic Segment

    2. 5.2 Market Restraints

      1. 5.2.1 Lack of Products with the Ability to Withstand Harsh Climatic Conditions

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type of Solution

      1. 6.1.1 Automated Material Handling Solutions

        1. 6.1.1.1 Hardware

          1. 6.1.1.1.1 Conveyor/Sortation Systems

          2. 6.1.1.1.2 Automated Storage and Retrieval System (AS/RS)

          3. 6.1.1.1.3 Mobile Robots (Automated Guided Vehicles and Autonomous Mobile Robots)

          4. 6.1.1.1.4 Automatic Identification and Data Capture (AIDC)

        2. 6.1.1.2 Software - Warehouse Management System (WMS)/ Warehouse Control System (WCS)

      2. 6.1.2 Factory Automation Solutions

        1. 6.1.2.1 Industrial Control Systems

          1. 6.1.2.1.1 DCS

          2. 6.1.2.1.2 SCADA

          3. 6.1.2.1.3 PLC

          4. 6.1.2.1.4 HMI

          5. 6.1.2.1.5 Other Control Systems

        2. 6.1.2.2 Field Devices

          1. 6.1.2.2.1 Sensors and Transmitters

          2. 6.1.2.2.2 Electric AC Drives

          3. 6.1.2.2.3 Servo Motors

          4. 6.1.2.2.4 Computer Numerical Control (CNC) Machines

          5. 6.1.2.2.5 Inverters

          6. 6.1.2.2.6 Industrial Robots

          7. 6.1.2.2.7 Other Factory Automation Solutions

        3. 6.1.2.3 Software

          1. 6.1.2.3.1 Manufacturing Execution System (MES)

          2. 6.1.2.3.2 Product Lifecycle Management (PLM)

          3. 6.1.2.3.3 Other Types

    2. 6.2 By End-user

      1. 6.2.1 Automated Material Handling Market

        1. 6.2.1.1 Manufacturing

        2. 6.2.1.2 Non-manufacturing

          1. 6.2.1.2.1 General Merchandise

          2. 6.2.1.2.2 Healthcare

          3. 6.2.1.2.3 FMCG/Non-durable Goods

          4. 6.2.1.2.4 Other End-Users

      2. 6.2.2 Factory Automation Market

        1. 6.2.2.1 Food and Beverage

        2. 6.2.2.2 Pharmaceutical

        3. 6.2.2.3 Automotive

        4. 6.2.2.4 Textiles

        5. 6.2.2.5 Power

        6. 6.2.2.6 Oil and Gas

        7. 6.2.2.7 Petrochemicals and Fertilizers

        8. 6.2.2.8 Other End-Users

  7. 7. COMPETITIVE BENCHMARKING

    1. 7.1 Competitors Ranking

      1. 7.1.1 Market Ranking Analysis - Automated Material Handling

      2. 7.1.2 Market Ranking Analysis - Factory Automation Solution

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles - Automated Material Handling

      1. 8.1.1 Daifuku India Private Limited (Daifuku Co. Ltd)

      2. 8.1.2 Space Magnum Equipment Pvt. Ltd

      3. 8.1.3 Godrej Koerber Supply Chain Limited

      4. 8.1.4 Kardex India Storage Solutions Private Limited (Kardex Holding AG)

      5. 8.1.5 Armstrong Ltd

      6. 8.1.6 Falcon Autotech Private Limited

      7. 8.1.7 Grey Orange Pte Ltd

      8. 8.1.8 Addverb Technologies Private Limited

      9. 8.1.9 Hinditron Group

      10. 8.1.10 The Hi-Tech Robotic Systemz Limited

      11. 8.1.11 Bastian Solution Private Limited (Toyota Industries)

      12. 8.1.12 ATS Conveyors India Pvt. Ltd (ATS Group)

      13. 8.1.13 Kuka India Private Limited (Kuka AG)

      14. 8.1.14 Schaefer Systems International Pvt. Ltd (SSI Schaefer AG)

      15. 8.1.15 Rucha Yantra LLP

    2. 8.2 Company Profiles - Factory Automation Solution

      1. 8.2.1 Bharat Heavy Electricals Limited (BHEL)

      2. 8.2.2 ABB Ltd

      3. 8.2.3 Yokogawa Electric Corporation

      4. 8.2.4 Siemens AG

      5. 8.2.5 Emerson Electric Co.

      6. 8.2.6 Schneider Electric

      7. 8.2.7 Honeywell International Inc.

      8. 8.2.8 Rockwell Automation Inc.

      9. 8.2.9 Mitsubishi Electric Corporation

      10. 8.2.10 Danfoss A/S

      11. 8.2.11 Fuji Electric Co. Ltd

      12. 8.2.12 Larsen & Toubro Ltd

      13. 8.2.13 Crompton Greaves Ltd

      14. 8.2.14 Robert Bosch GmbH

      15. 8.2.15 Bain & Company Inc

      16. 8.2.16 Boston Consulting Group

  9. 9. INVESTMENT ANALYSIS

  10. 10. FUTURE OF THE MARKET

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India Industrial Automation Industry Segmentation

Industrial automation refers to the use of control systems, such as computers or robots, and information technologies for handling different processes and machinery in an industry to replace human beings. It is the second step beyond mechanization in the scope of industrialization.

India's Industrial Automation Market is Segmented by Type of Solution (Automated Material Handling Solutions (Hardware (Conveyor/Sortation Systems, Automated Storage and Retrieval Systems (AS/RS), Mobile Robots, and Automatic Identification and Data Capture (AIDC))) and Software - Warehouse Management Systems (WMS)/Warehouse Control Systems (WCS)), by Factory Automation Solutions (Industrial Control Systems DCS, SCADA, PLC, and HMI), Field Devices (Sensors and Transmitters, Electric AC Drives, Servo Motors, Computer Numerical Control (CNC) Machines, Inverters, and Industrial Robots), and Software (Manufacturing Execution System (MES) and Product Lifecycle Management (PLM) (Tools, Digital Manufacturing))), and by End User (Automated Material Handling Market (Manufacturing and Non-manufacturing (General Merchandise, Healthcare, and FMCG/Non-durable Goods)) and Factory Automation Market (Food and Beverage, Pharmaceutical, Automotive, Textiles, Power, Oil and Gas, Petrochemicals, and Fertilizers)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type of Solution
Automated Material Handling Solutions
Hardware
Conveyor/Sortation Systems
Automated Storage and Retrieval System (AS/RS)
Mobile Robots (Automated Guided Vehicles and Autonomous Mobile Robots)
Automatic Identification and Data Capture (AIDC)
Software - Warehouse Management System (WMS)/ Warehouse Control System (WCS)
Factory Automation Solutions
Industrial Control Systems
DCS
SCADA
PLC
HMI
Other Control Systems
Field Devices
Sensors and Transmitters
Electric AC Drives
Servo Motors
Computer Numerical Control (CNC) Machines
Inverters
Industrial Robots
Other Factory Automation Solutions
Software
Manufacturing Execution System (MES)
Product Lifecycle Management (PLM)
Other Types
By End-user
Automated Material Handling Market
Manufacturing
Non-manufacturing
General Merchandise
Healthcare
FMCG/Non-durable Goods
Other End-Users
Factory Automation Market
Food and Beverage
Pharmaceutical
Automotive
Textiles
Power
Oil and Gas
Petrochemicals and Fertilizers
Other End-Users
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Industrial Automation Market Research FAQs

The India Industrial Automation Market size is expected to reach USD 15.12 billion in 2024 and grow at a CAGR of 14.26% to reach USD 29.43 billion by 2029.

In 2024, the India Industrial Automation Market size is expected to reach USD 15.12 billion.

Daifuku India Private Limited, Space Magnum Equipment Private Limited, Godrej Koerber Supply Chain Limited, Kardex India Storage Solutions Private Limited (Kardex Holding Ag) and Armstrong Ltd are the major companies operating in the India Industrial Automation Market.

In 2023, the India Industrial Automation Market size was estimated at USD 12.96 billion. The report covers the India Industrial Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Industrial Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Industrial Automation in India Industry Report

Statistics for the 2024 India Industrial Automation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Industrial Automation analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India Industrial Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)