India Data Acquisition and Control in Factory Automation Market Size & Growth Rate
The India Data Acquisition and Control in Factory Automation Market is projected to grow at a robust CAGR of 11.1% during 2020–2026, driven by increasing efforts to enhance operational efficiency, reduce labor dependency, and improve product quality across sectors such as healthcare, logistics, and automotive.
India Data Acquisition and Control in Factory Automation Market report comprehensively cover the market by components, solutions, applications, and regions. The India data acquisition and control in the factory automation market outlook report provides an unbiased and detailed analysis of the market share, trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
India Data Acquisition and Control in Factory Automation Market Synopsis
India data acquisition and control in the factory automation market is anticipated to register substantial growth on account of rising efforts to make the manufacturing process more efficient and less labor-intensive. Automation systems with advanced features are being deployed in major sectors such as healthcare and logistics to perform several complex tasks that consistently provide customers with superior quality products. The installation of advanced communication networks is also facilitating in optimizing workflow in production facilities resulting in the growth of data acquisition solutions in factory automation. The coronavirus outbreak is expected to adversely impact India data acquisition and control in the factory automation market in 2020. However, in FY21 the market is expected to recover as the economy would resume the normalcy after a protracted period of nationwide lockdown. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, India Data Acquisition and Control in Factory Automation Market size is projected to grow at CAGR of 11.1% during 2020-2026. Data acquisition and control is being increasingly used in the healthcare sector with the growing requirement of medical supplies across the country due to surging COVID-19 cases. For instance, India has provided medical supplies to over 120 countries to combat the coronavirus pandemic. Additionally, the logistic sector is expected to witness healthy growth during the forecast period owing to the development in supply chain monitoring, vehicle tracking, inventory management, safe transportation, and automation of processes in the country. Also, the Indian manufacturing sector would continue to face challenges related to the non-availability of labor and concerns over health and safety management on the workspace following the coronavirus pandemic, which may force firms to accelerate the adoption of digital technologies in automation solutions in the years to come.
Market Analysis by Types
Based on types, Sensors have held a major chunk in the overall market revenues in 2019 and are expected to grow at an exponential rate during the forecast period owing to the technological advancements in smart sensor technologies offering innovative and additional features to the medical devices and equipment in the healthcare sector. Additionally, on account of the rapidly growing demand for automobiles in India, the adoption of automation controllers such as PLC has gained traction, primarily as a relay replacement equipment in the automotive industry. Further, with the initiation of technologies, such as machine vision, collaborative robots, artificial intelligence for driverless/autonomous cars, cognitive computing in IoT-connected cars, the demand for PLC market in data management solutions is expected to grow further
Market Analysis by Applications
PLM dominates the solutions segment in the data acquisition and control market in 2019owing to rapid commercialization, R&D, internal and external process complexity, which are expected to influence the productivity and growth of the market in the years to come. Electronic Design Automation (EDA) used in designing electronic systems such as printed circuit boards and integrated circuits is expected to foster the utility of PLM software in the electronics and automotive industries in the coming years. Moreover, technological trends such as additive manufacturing and engineering Augmented Reality (AR), and Virtual Reality (VR) is anticipated to drive the market during the forecast period.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2020.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Data acquisition and control in Factory Automation Market Overview
- India Data acquisition and control in Factory Automation Market Outlook
- India Data acquisition and control in Factory Automation Market Forecast
- Historical and Forecast data of India Data acquisition and control in Factory Automation Market Revenues for the Period 2017-2026F
- Historical data of India Data acquisition and control in Factory Automation Market Revenues, By Components for the Period 2017-2019
- Market Size & Forecast data of India Data acquisition and control in Factory Automation Market Revenues, By Components until 2026F
- Historical data of India Data acquisition and control in Factory Automation Market Revenues, By Solutions for the Period 2017-2019
- Market Size & Forecast data of India Data acquisition and control in Factory Automation Market Revenues, By Solutions until 2026F
- Historical data of India Data acquisition and control in Factory Automation Market Revenues, By Applications for the Period 2017-2019
- Market Size & Forecast data of India Data acquisition and control in Factory Automation Market Revenues, By Applications until 2026F
- Historical and Forecast data of India Data acquisition and control in Factory Automation Market Revenues, By Regions for the Period 2017-2026F
- Market Drivers, Restraints and Trends
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Share
- India Data acquisition and control in Factory Automation Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
- By Components:
- Automation Controllers
- PLC
- DCS
- Sensors
- Remote I/O and Wireless Sensing Module
- Others
- Drives
- Digital I/O
- Display
- Automation Controllers
- By Solutions:
- SCADA
- MES
- PLM
- Functional Safety
- HMI
- PAM
- By Applications:
- Industrial Manufacturing
- Healthcare
- Consumer Goods
- Energy Utilities
- Logistics
- By Regions:
- Northern
- Southern
- Eastern
- Western
Other Key Reports Available:
- China Data Acquisition and Control in Factory Automation Market (2020-2026F)
- Japan Data Acquisition and Control in Factory Automation Market (2020-2026F)
- Australia Data Acquisition and Control in Factory Automation Market (2020-2026F)
- Singapore Data Acquisition and Control in Factory Automation Market (2020-2026F)
