Automation In Automotive Industry Market Size to grow by USD 2454 million between 2024-2028
According to a research report “ Automation In Automotive Industry Market” by Technology (Industrial sensors, PLC, MES, SCADA, DCS) End-user (Vehicle manufacturers, Component manufacturers) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2454 million, at a CAGR of 4.36% during the forecast period. In the automotive industry, the automation market experiences substantial growth due to the necessity for heightened production visibility and adaptability. Automation technologies deliver essential advantages, such as increased efficiency, productivity enhancements, and decreased operational expenses. The imperative for real-time data and visibility is a primary influencer in the global automation market's expansion within the automotive sector. By providing real-time insights into production line performance, equipment status, and inventory levels, automation systems empower manufacturers to make well-informed decisions and optimize their processes accordingly..
Browse market data tables, figures, and in-depth TOC on “Automation In Automotive Industry Market” by Technology (Industrial sensors, PLC, MES, SCADA, DCS) End-user (Vehicle manufacturers, Component manufacturers) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Technology, the Industrial sensors segment is projected to dominate the market size in 2024
In the automotive industry, industrial sensors play a pivotal role in automation processes, measuring critical parameters such as temperature, humidity, pressure, and air-liquid ratios in painting operations. These sensors ensure consistency in product quality during painting, testing, robotic arm pick-and-place operations, and conveyor belt processes. By converting physical data into electrical signals, sensors enable efficient control systems, significantly contributing to the overall performance and success of the automation market.
By End-user, Vehicle manufacturers segment is expected to hold the largest market size for the year 2024
In the global automation market of the automotive industry, vehicle manufacturers leverage automation technologies to optimize their production processes. Robotic assembly, utilizing industrial robots for tasks like welding, painting, and material handling, increases precision, efficiency, and reduces human error. Automated material handling through the use of automated guided vehicles (AGVs) and conveyor systems streamlines the transportation of materials and components, ultimately enhancing overall production efficiency.
APAC is forecasted to hold the largest market size by region in 2024
In the automotive industry, automation is revolutionizing manufacturing processes, enhancing productivity, and reducing costs. Robotics, artificial intelligence, and the Internet of Things are key technologies driving this transformation. By streamlining production and improving quality control, automation is enabling companies to meet increasing consumer demand and stay competitive in the global market.
The Automation In Automotive Industry Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
In the automotive industry, the integration of automation components, such as Machine Learning and Artificial Intelligence, is revolutionizing manufacturing processes. Industrial Automation, driven by Electronics and Semiconductor technologies, is at the heart of this transformation. Smart Manufacturing, including 3D printing and Micro Electromechanical Systems, is enabling Precision Sensors and the Industrial IoT to digitalize production lines. Control Systems, Industrial Monitors, Web Panels, Industrial PCs, and Panels are essential tools for implementing Automation/Control Software in Motion Control systems. Turbocharging and 5G wireless technology are enhancing communication and data processing capabilities, further boosting industrial efficiency. The digitalization of automotive manufacturing is also leading to the development of Digital Twins and Augmented Reality applications, providing real-time insights and improving overall production quality. Programmable Automation is a crucial aspect of this evolution, allowing for flexible and adaptive manufacturing processes. In summary, the automotive industry is undergoing a significant shift towards automation, driven by advanced technologies like Machine Learning, Artificial Intelligence, and Industrial IoT. This transformation is leading to increased efficiency, flexibility, and quality in manufacturing processes.
Market Research Overview
In the automotive industry, cloud-based automation solutions are revolutionizing manufacturing processes through smart technologies such as Cobots and management software. Product development and launch are expedited with the integration of Industrial Robots, driven by advanced Control Systems and powered by DC or AC motors. Machine Learning and Artificial Intelligence are employed for electronics and semiconductor manufacturing, enhancing precision with 3D printing, micro electromechanical systems, and sensors. Trade wars and digitalization necessitate the adoption of advanced analytics, digital twin technology, and industrial IoT. Control Systems are augmented with 5G wireless technology, enabling real-time monitoring and Turbocharging of industrial processes. Industrial Monitors, Web Panels, and Industrial PCs facilitate remote access and motion control, while automation/control software ensures programmable and efficient manufacturing. Keywords: Cloud Based, Smart Manufacturing, Cobots, Management Software, Product Development, Product Launch, Drives, Industrial Robots, Control, Machine Learning, Artificial Intelligence, Electronics, Semiconductor, 3D printing, micro electromechanical, precision sensors, trade wars, DC motor, AC motor, drive, motor, servo, inductive, lasers, photoelectric sensors, cloud computing, edge computing, advanced analytics, digital twin technology, industrial IoT, digitalization, digital twin, augmented reality, 5G wireless technology, Turbocharging, Control Systems, Industrial Monitors, Web Panels, Industrial PCs, Panel, Automation/Control Software, Motion Control, Industrial, Programmable Automation.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
