Latest News- Automation Market In Automotive Industry: Industrial sensors is expected to lead the Technology segment during 2025-2029

The Automation Market In Automotive Industry is being driven by Demand for enhanced visibility and flexibility in manufacturing

The Automation Market In Automotive Industry is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2640.1 million. In the automotive industry, the adoption of smart manufacturing is driving growth through automation, electrification, data integration, human-machine interaction, and connectivity. To facilitate this, industrial machinery and robots are outfitted with IoT-integrated microprocessors, microcontrollers, sensors, and switches. These technologies optimize production efficiency by generating real-time data from the plant floor. Sensors on manufacturing, assembly line, and warehousing equipment transmit this data to DCS, MES, and PLC systems for remote monitoring and predictive maintenance, ensuring optimal equipment performance and reducing downtime. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Industrial sensors
  • PLC
  • MES
  • SCADA
  • DCS
• End-user
  • Vehicle manufacturers
  • Component manufacturers
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Demand for enhanced visibility and flexibility in manufacturing
• Rising technological advances in PLC
• Integration of manufacturing execution system (MES), product lifecycle management (PLM), and enterprise resource planning (ERP)

However, the market also witnesses some limitations, which are as follows:

• Security challenges of industrial control systems
• Slow growth of PLC in automotive industry
• High upfront and upgrading costs of MES

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Market Scope in Automation Market In Automotive Industry Research Report

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Research Analysis Overview

In the automotive industry, Industrial Automation is revolutionized through Programmable Automation, Control Systems, and Motion Control. Industrial PCs, Web Panels, Industrial Monitors, and Automation/Control Software form the backbone of this transformation. Turbocharging and 5G wireless technology enhance performance, while augmented reality, digital twin, digitalization, industrial IoT, precision sensors, micro electromechanical systems, 3D printing, and smart manufacturing foster innovation. Semiconductors and Electronics provide the necessary components, while AI and Machine Learning optimize processes. (50 words)

Market Research Overview

In the automotive industry, the automation market encompasses Programmable Automation, Industrial Motion Control, Automation/Control Software, Panels, Industrial PCs, and Web Panels. The parent market, the global industrial machinery and supplies and components sector, is predicted to expand significantly due to increasing industrial production in process and discrete industries. This expansion is driven by the rising demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries. According to Technavio, the global industrial machinery and supplies and components market size is determined by the combined revenue generated by manufacturers of machinery and components utilized in industrial settings. This market's growth is attributed to the surging industrial output and capacity additions in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/