Global Automation Market in Automotive Industry 2018-2022
About Automation in Automotive Industry
The global automation market in the automotive industry is a contributing segment of the global industrial automation software market. Industrial automation software includes human-machine interface (HMI), manufacturing execution system (1v1ES), programmable logical controller (PLC), distributed control system (DCS), and supervisory control and data acquisition (SCADA). Industrial automation software is widely used in the oil and gas, power, automotive, food and beverage, pharmaceutical, chemical, aerospace and defense, and electrical and electronics industries.
Technavio’s analysts forecast the global automation market in automotive industry to grow at a CAGR of 8.33% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automation market in automotive industry for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automation Market in Automotive Industry 2018-2022
Technavio recognizes the following companies as the key players in the global automation market in automotive industry: ABB, General Electric, Emerson Electric, Rockwell Automation, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: Applied Materials, Apriso, Aspen Technology, Aurotek, Auto Control Systems, Automation and control systems, DENSO, and FANUC.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of smart manufacturing. The adoption of smart manufacturing enables industrial advances with the help of advanced computing, analytics, low-cost sensing, and new levels of connectivity enabled by the Internet. The major objectives of smart manufacturing are flow optimization and customization, asset tracking, predictive maintenance, and real-time inventory optimization.”
According to the report, one driver in the market is rising technological advances in PLC leading to growth of PAC market. PLC is one of the key solutions offered by any automation solutions vendor. It has been widely adopted across all the industries worldwide for 40 years. Although the PAC market is on the verge of maturity, recent advances such as PACs are supporting the market in terms of operability. PACs are advanced versions of PLCs and provide greater interoperability, flexibility in programming, and large memory capacity. A PAC is basically a PC merged with PLC to automate control of the equipment. PAC's hardware architecture and software are designed to be more user- friendly to the IT/computer programmer.
ABB, General Electric, Emerson Electric, Rockwell Automation, Schneider Electric, Siemens, Applied Materials, Apriso, Aspen Technology, Aurotek, Auto Control Systems, Automation and control systems, DENSO, and FANUC.