Industrial Automation Market in Life Sciences Industry Size to grow by USD 5.06 billion between 2024-2028
According to a research report “ Industrial Automation Market in Life Sciences Industry” by Deployment (Onsite, Decentralised) Product (DCS, SCADA, PLC, MES) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5.06 billion, at a CAGR of 11.4% during the forecast period. The life sciences industry is experiencing significant pressure due to the escalating demand for modern healthcare services. Fueled by demographic shifts, with an aging population and rising disposable income, the number of individuals seeking advanced healthcare solutions is surging. Moreover, the prevalence of chronic diseases is driving this trend, necessitating increased medical assistance. Consequently, industrial automation becomes a crucial solution for addressing the infrastructure challenges in the life sciences sector, enhancing efficiency and productivity while catering to the growing patient population..
Browse market data tables, figures, and in-depth TOC on “Industrial Automation Market in Life Sciences Industry” by Deployment (Onsite, Decentralised) Product (DCS, SCADA, PLC, MES) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Deployment, the Onsite segment is projected to dominate the market size in 2024
In the life sciences industry, the onsite segment of the industrial automation market dominates due to enhanced security features. Onsite deployment stores data on dedicated servers, providing greater control and security compared to cloud-based models with data on multiple servers. Access to data is restricted to dedicated client servers in onsite deployment, contrasting the cloud-solution's multi-point accessibility.
By Product, DCS segment is expected to hold the largest market size for the year 2024
In the life sciences industry, particularly the pharmaceutical sector, stringent regulations drive the expanding use of Distributed Control Systems (DCS) for process control. The global adoption of technology in this sector necessitates the implementation of advanced systems and API products, leading to the demand for DCS solutions. Siemens AG's SIMATIC PCS 7 is a prime example of a DCS system tailored to the life sciences industry. The need for system upgrades due to faults in traditional systems and the requirement for new capacity additions further fuel market growth during the forecast period.
North America is forecasted to hold the largest market size by region in 2024
In the life sciences industry of North America, the surging demand for superior healthcare services catering to an aging population is fueling the industrial automation market. The increasing patient base necessitates the adoption of automation to alleviate infrastructure stress and meet consumer expectations for advanced healthcare solutions. This trend is driven by rising household incomes and the growing need for enhanced patient experiences.
The Industrial Automation Market in Life Sciences Industry 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:
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Research Analysis Overview
In the Industrial Automation Market, the Life Sciences Industry is witnessing significant advancements, integrating various technologies to enhance productivity and efficiency. Networking architectures, such as 5G wireless technology, enable seamless communication between Programmable Logic Controllers, Industrial Monitors, Industrial Web Panels, and Motion Control systems. Material handling and manufacturing processes are automated through the use of Artificial Intelligence, Robotics, and Industrial I/O. Wireless sensors and IIoT (Industrial Internet of Things) facilitate real-time data collection and analysis, while Cyber-physical systems and Cloud computing ensure efficient data management. SMEs (Small and Medium Enterprises) in the Life Sciences Industry are leveraging Semiconductor chips and Augmented Reality to develop cost-effective and innovative solutions. Key technologies like Turbocharging and Control Systems continue to play a crucial role in optimizing industrial processes.
Market Research Overview
In the industrial automation landscape, the life sciences sector is witnessing significant advancements, particularly in the manufacturing vertical. Electric vehicle charger stations and EV chargers are increasingly being integrated into life sciences facilities to support the growing use of electric mobility in the industry. Distributed control systems, powered by torque sensors, humidity sensors, and temperature sensors, are essential components of automation systems in this sector. Machine learning algorithms and artificial intelligence are transforming industrial processes in the life sciences industry, enabling predictive maintenance, quality control, and optimization of manufacturing processes. Heavy engineering, aerospace, and automotive industries are major contributors to this market, with the automation sector, including factory automation, robotics, and process automation, playing a pivotal role. The integration of industrial IoT, digitalization, and digital twin technologies in the life sciences industry is revolutionizing manufacturing processes. Advanced analytics, 5G wireless technology, and edge computing are key enablers of this digital transformation. Cloud computing platforms, cyber-physical systems, and Industry 4.0 are driving the adoption of semiconductor chips, augmented reality, and AI in the sector. SMEs are also embracing cloud engineering and virtual capabilities to streamline their operations and remain competitive.
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