Industrial Automation Market Size, Share, Trends, Industry Analysis: Research During The Ongoing COVID-19 And Research Methodology By Forecast To 2032

 According to the industrial automation market analysis by Future Market Insights (FMI), the market is poised to attain a CAGR of 7% during the forecast period 2022–2032.

  • By sensor, inductive sensors are expected to dominate the market due to automatic welding system and their capabilities such as high mounting flexibility robust metallic detection.
  • By servo, servo motors are expected to grow at the fastest CAGR during the forecast period, as market participants launch new servo motors for automation systems.
  • AC motors are expected to see widespread adoption by motor type due to their low maintenance and low cost.
  • By industry, the discrete automation industry is likely to lead the market as the sub-segment, automotive and heavy manufacturing industries, is likely to drive the demand for automation solutions.
  • By component, the software segment is expected to have a significant market share during the forecast period since it seamlessly allows businesses to streamline their manufacturing processes.
  • By hardware, Robots are expected to grow at a rapid pace due to technological advancements and the emergence of Industry 4.0, with market players introducing advanced robots for automation purposes.
  • The Middle East and Africa market for PAM and adoption of industrial automation solutions are expected to grow at the fastest rate, as PAM improves decision-making and turnaround time by tracking manufacturing defects.

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