Industrial Automation A Market Deep Dive into Insights, Trends, and Forecasts

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5G to AI Charting the Next Frontier of
Industrial Automation Market
In the fast-paced realm of industries, industrial
automation stands as a transformative force,
continually evolving to meet the demands of
modernization. This blog, curated by an adept
market research expert, takes a closer look at
the intricacies of the industrial automation
market. Through statistical insights and trend
analysis, we aim to unravel the present state and
future trajectory of this pivotal sector.
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Market Drivers Catalysts for Growth
5G Wireless Technology The advent of 5G wireless
technology emerges as a key driver, propelling
the demand for automation solutions across
diverse sectors. Industry 4.0 Adoption The
increasing adoption of Industry 4.0 principles
amplifies the demand for advanced automation,
marking a paradigm shift in industrial
processes. Technological Collaborations
Collaborations between industry players, such as
the partnership between Rockwell Automation Inc.
and Kezzler AS in July 2021, indicate a
significant push toward digitalization and
traceability.
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Industry Players Shaping the Landscape

• The industrial automation market is significantly
  influenced by key industry players, each
  contributing to its dynamic landscape. Notable
  entities include
• ABB Ltd. (Switzerland)
• Emerson Electric Co. (U.S.)
• General Electric Company (U.S.)
• Honeywell International Inc. (U.S.)
• Mitsubishi Electric Corporation (Japan)
• Omron Corporation (Japan)
• Rockwell Automation Inc. (U.S.)
• Schneider Electric SE (France)
• Siemens AG (Germany)
• Yokogawa Electric Corporation (Japan)
• These entities bring diverse expertise,
  innovation, and solutions, collectively defining
  the trajectory of industrial automation.

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Key Metrics A Statistical Journey
Market Size (2021) The industrial automation
market size stood at USD 191.89 billion in 2021,
reflecting its substantial presence within the
global economic tapestry. Projected Size (2029)
Projections indicate a robust growth trajectory,
with the market expected to reach USD 395.09
billion by 2029. This reflects a notable CAGR of
9.8 during the forecast period. 2020 Market
Decline The market experienced a decline of 6.5
in 2020 compared to 2019, a phenomenon attributed
to the broader economic impact of global events.
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Augmented Reality and Digitalization
The expansion of augmented reality (AR) and
digital twin technologies plays a pivotal role in
shaping the future of industrial automation.
These innovations enhance visualization,
simulation, and decision-making processes.
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Industrial IoT (IIoT) Integration
The industrial Internet of Things (IIoT)
represents a key trend, fostering connectivity,
data exchange, and real-time insights. IIoT
integration enhances the efficiency and
responsiveness of automated systems.
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Collaborative Endeavors in Industry 4.0
As industries embrace Industry 4.0 principles,
collaborative endeavors become paramount.
Initiatives like the Rockwell Automation Inc. and
Kezzler AS partnership exemplify how
collaborations drive innovation and efficiency.
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The industrial automation market is not just a
segment of industries but a transformative
catalyst, reshaping processes and driving
industries toward unparalleled efficiency and
innovation. As we navigate the landscape of
current statistical insights, growth drivers, and
future possibilities, industrial automation
emerges as a linchpin in the evolution of modern
industrial processes.
Conclusion