Market Size of Machine Automation Controller Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Machine Automation Controller Market Analysis
The machine automation controller market is expected to register a CAGR of 7% over the forecast period 2021 - 2026. Increasing the implementation of robots in manufacturing industries to reduce operational cost and human errors, rising need to increase productivity in process industries, and rapid growth in industrial automation, as well as the internet of things based solutions, are some of the primary factors propelling the demand for machine automation controllers in various sectors. Moreover, the favorable growth of the semiconductor and electric devices will boost the market demand in the future.
- Increasing demand for modular IPC, PC-based machine control platform due to the rapid increase of computing technology across the sectors to provide real-time solutions has led to the development of thousands of data centers across the world. According to the report the number of data centers across the world that are owned and operated by cloud service providers, data-center landlords and other technology firms increased to around 9,100 in 2019 from 7,500 in 2018. It is expected that the number of data centers will increase to more than 10,000 by 2020.
- Similarly, Amazon web services announced to invest USD 1.5 billion for two data center in India in 2020. These data centers will be constructed in Hyderabad, as Telangana had a dedicated policy for data centers which offers easy facilitation and incentives to the firms that set them up in the State.
- Moreover, the advent of robotic process automation is a key milestone for the development of the automotive industry. It helps to reduce the error rate and enhance the management of repeatable tasks. The robots provide flexible and accurate solutions and helps to perform repeatable tasks that are controlled by programs and enable real-time reporting, allow manufacturers to determine optimal inventory levels and to calibrate current operations based on patterns of customer demand. They are a non-invasive tool for data extraction that provides wider and deeper analytics, with specific data for each executed process.
- Further, the technological advancement such as Industrial Internet of Things (IIoT) analytics, artificial intelligence, cloud platforms, is pushing automakers to convert manufacturing factories into smart factories. According to Capgemini report, automotive firms plan to convert 44% of factories into smart facilities over the next five years which will fuel the demand of machine automation controller in the future.
