GMI Research's recent analysis, global automation market, forecast to 2027, analyzes the trends in this market and how they are evolving across the different key geographic regions of the world. The strong demand for products and services with enhanced reliability and quality assurances is the key driver that is fuelling the growth of the automation market.
Introduction of the Automation Market:
Automation refers to the fundamental principle of minimizing human interference to produce concerning services or products. Automation has completely changed the production ability of the organization with the application of the automated tool and their optimum strategy build-up to gain the maximum output.
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Automation Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The strong demand for products and services with enhanced reliability and quality assurances is one of the major factors surging the growth of the automation market during the forecast period. Furthermore, some other factors propelling the automation industry growth at a global level include the integration of the latest technology in terms of less human interface with the stable and consistent production capability to meet the higher demand pattern. According to the automaton market research, the factors hampering the growth of the market include the higher initial investment, followed by the need for skilled persons for continuous monitoring and maintenance purposes.
The automation market has led to an increase in the production rates due to easy processes like printing on a bottle that can be performed every time by robots which is one of the emerging trends in automaton market. The implementation of automation will result in a minimum requirement of laborers, thereby decreasing the workweeks for the labor class. This factor is considered advantageous to human life and fuels the growth of the automation market. Moreover, as per the department of labor of the United States of America, 5,147 workers were killed in 2017 while they were at their jobs. The primary reasons for workers' deaths include electrocution, being struck by a heavy object, falls, and getting stuck between two objects. Automation will help in changing the workforce role from manual to operative positions that only need monitoring of the work performed. This will massively improve safety in industrial workplaces, which will propel the growth of the automation market.
Key Players of the Global Automation Market:
· ABB Ltd.
· Mitsubishi Electric Factory Automation
· Emerson Electric Company
· Fuji Electric
· 3D Systems
Automation Market Segmentation:
Global Automation Market Report Segment by Type:
· Fixed Automation
· Flexible Automation
· Programmable Automation
Global Automation Market Report Segment by Components:
Global Automation Market Report Segment by End-Use:
· Aerospace & Defence
· Electrical & Electronics
· Mining & Metals
· Food & Beverages
· Electric Power generation
Global Automation Market Report Segment by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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