India Industrial Automation Market (2023-2029) | Size, Growth, COVID-19 IMPACT, Revenue, Value, Analysis, Companies, Industry, Forecast, Share & Trends

India Industrial Automation Market Highlights

Report Name	India Industrial Automation Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	14.28%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Component, By Solution
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
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Topics Covered in the India Industrial Automation Market

India Industrial Automation Market report thoroughly covers the market by component and by solution. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Industrial Automation Market Synopsis

India Industrial Automation Market is securing massive growth in the country and is estimated to surge in the upcoming years. With the growing adoption of automation technologies across various industries such as pharmaceutical and logistics. Furthermore, Automation facilitates quality assurance which is vital across various industries such as automotive and electronics manufacturing. Rising labour costs and the requirement for skilled employees have resulted companies investing in automation technologies to reduce the reliability on labor. This is estimated to help market to grow significantly.

According to 6Wresearch, the India Industrial Automation Market size is likely to grow at a CAGR of 14.28% during the forecast period 2023-2029. The market growth is driven by various growing factors such as growing automation technology adoption across industries and replacing labor with automation technologies. Furthermore, automation helps industries enhance performance, and production capabilities, and meet global standards, making them more appealing to adopt. The integration of the Internet of Things (IoT) and Industry 4.0 include the use of sensors, data analytics, and real-time monitoring, which allow data analytics, and real-time monitoring. On the other hand, some challenges that impede market growth are implementing automation technologies is slightly expensive and can act as a barrier, especially to smaller industries. The analysis of data in industrial automation increases data security and privacy concerns. Despite these challenges, artificial intelligence (AI) and machine learning are being used across industries for enhanced operations, as they facilitate predictive maintenance, quality control, and process optimization. This is one of the trends estimated to surge the India Industrial Automation Market growth.

COVID-19 Influence on the India Industrial Automation Market

The COVID-19 pandemic has affected the industrial operations in the country underpinned by various pandemic measures like lockdowns, labor shortages, and supply chain disruptions. This resulted in an increased automation solution across various industries, including manufacturing, pharmaceuticals, and logistics to ensure business continuity without human intervention. In addition to this, the IoT (internet of things) and artificial intelligence were increasingly adopted by businesses and industries for improved performance and efficient operations. Hence, these measures showed a significant impact on the India Industrial Automation Market which is a part of the Asia Pacific Industrial Automation Market.

Key Players of the India Industrial Automation Market

India Industrial Automation Market include both domestic and international companies. These companies are shaping the market growth with their continuous research & development to cater the evolving requirements of the customers. Some of them are listed below:

• Tata Consultancy Services (TCS)
• Larsen & Toubro (L&T)
• Bharat Heavy Electricals Limited (BHEL)
• Siemens India
• Schneider Electric
• Rockwell Automation

These companies facilitate a wide range of automation solutions and services, catering to various industries.

Government Initiatives Introduced in the India Industrial Automation Market

The market has been growing in the country and is estimated to grow considerably over the coming years. There are several government initiatives strengthening the market growth such as the "Make in India" campaign, which aims to surge domestic manufacturing to increase the availability of products in the country and reduce the reliability on imported products. The "Digital India" program, was launched by the government with the motive to digitalize several aspects of the economy, including digitalized industrial processes and automation. The "Atmanirbhar Bharat" (Self-Reliant India) is another significant initiative taken by the government, which aims to adopt automation technologies to ensure efficient operations across various industries, contributing to the growth of the Industrial Automation industry in India.

Market Analysis by Components

According to Dhaval, Research Manager, 6Wresearch, while all three components are increasing, industrial robots have witnessed relatively higher adoption rates underpinned by their immediate impact on productivity and cost savings in manufacturing. Nevertheless, the adoption of industrial sensors and 3D printing is also on the rise, influenced by their role in creating smarter, more efficient, and agile manufacturing processes.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Industrial Automation Market Outlook
• Market Size of India Industrial Automation Market, 2022
• Forecast of India Industrial Automation Market, 2029
• Historical Data and Forecast of India Industrial Automation Revenues & Volume for the Period 2019 - 2029
• India Industrial Automation Market Trend Evolution
• India Industrial Automation Market Drivers and Challenges
• India Industrial Automation Price Trends
• India Industrial Automation Porter's Five Forces
• India Industrial Automation Industry Life Cycle
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By Component for the Period 2019 - 2029
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By Industrial Sensors for the Period 2019 - 2029
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By Industrial 3D Printing for the Period 2019 - 2029
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By Industrial Robots for the Period 2019 - 2029
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By Solution for the Period 2019 - 2029
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By SCADA for the Period 2019 - 2029
• Historical Data and Forecast of India Industrial Automation Market Revenues & Volume By DCS for the Period 2019 - 2029
• India Industrial Automation Import Export Trade Statistics
• Market Opportunity Assessment By Component
• Market Opportunity Assessment By Solution
• India Industrial Automation Top Companies Market Share
• India Industrial Automation Competitive Benchmarking By Technical and Operational Parameters
• India Industrial Automation Company Profiles
• India Industrial Automation Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Component

• Industrial Sensors
• Industrial 3D Printing
• Industrial Robots

By Solution

• SCADA
• DCS