United Kingdom Factory Automation and Industrial Control Systems Market Size

United Kingdom Factory Automation and Industrial Control Systems Market Analysis

The United Kingdom Factory Automation and Industrial Control Systems Market size is estimated at USD 14.65 billion in 2024, and is expected to reach USD 24.16 billion by 2029, growing at a CAGR of 10.54% during the forecast period (2024-2029).

The COVID-19 outbreak and lockdown restrictions across UK affected the industrial activities across the country. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials, labor shortages, fluctuating prices, shipping problems, etc.

• The market for Industry 4.0 in the United Kingdom is expected to grow in the future as the region gets ready for the Fourth Industrial Revolution, which was presented to the parliament in 2019. The fourth revolution is characterized by a fusion of technologies such as artificial intelligence, gene editing, and advanced robotics.
• With the rapid increase in competition and evolving end-user requirements, manufacturing units in the United Kingdom are also being forced to adopt newer technological innovations and digital transformation solutions to make their business process as efficient as possible. For instance, field devices, like motors and sensors, offer opportunities to the automotive industry to react faster to market requirements, reduce manufacturing downtimes, enhance the efficiency of supply chains, and expand productivity.
• Moreover, the government of UK has undertaken a new project to create a fully-automated drug discovery facility to speed up the production of new medicines and transform the pharma industry. The Rosalind franklin institute in Harwell, Oxfordshire, would initiate hands-free molecular discovery to generate new drugs at a speed more than ten times of the norm.
• On the supply side, many industries are already witnessing the introduction of technologies, such as Industrial Internet of Things (IIoT) and robotics, which are expected to disrupt the well-established industry value chains.
• The high cost of these automated systems is associated with the effective and robust hardware and efficient software. These automation equipment requires the high capital expenditure in order to invest in automation technologies which can cost millions of dollars to design, fabricate, and install.