Artificial Intelligence in Manufacturing Market expecting great business worth $17.2 billion by 2025

MarketsandMarkets report, "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Technology (Machine Learning, Computer Vision, Context-Aware Computing, and NLP), Application, Industry, and Geography - Global Forecast to 2025", the artificial intelligence in manufacturing market is estimated to be valued at USD 1.0 billion in 2018 and is expected to reach USD 17.2 billion by 2025, at a CAGR of 49.5% from 2018 to 2025.

Highlights

AI MANUFACTURING 2019
AI Manufacturing will provide attendees with presentations and panel discussions that will discuss return on investments, case studies, strategies for integration, technology and manufacturing trends. The conference will provide opportunities to network with AI and Machine Learning experts, as well as manufacturers who have already using Smart Manufacturing solutions.
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· AI in manufacturing market for software to hold largest market during forecast period

· Computer vision technology to witness highest CAGR from 2018 to 2025

· APAC leads AI in manufacturing market in terms of value

· The major companies profiled in this report are NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Data RPM (US) (now Progress Software Corporation), Clearpath Robotics Inc.(Canada), Mitsubishi Electric Corporation (Japan), Sight Machine (US), SAP SE (Germany), Oracle Corporation (US). Need more knowledge? Request sample pages of the “AI Manufacturing” report.

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Mr. Shelly SinghMarketsandMarkets™ INC. 
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Artificial Intelligence in Manufacturing Market worth $17.2 billion by 2025

MarketsandMarkets report, "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Technology (Machine Learning, Computer Vision, Context-Aware Computing, and NLP), Application, Industry, and Geography - Global Forecast to 2025", the artificial intelligence in manufacturing market is estimated to be valued at USD 1.0 billion in 2018 and is expected to reach USD 17.2 billion by 2025, at a CAGR of 49.5% from 2018 to 2025.

Highlights

AI Manufacturing 2019
AI Manufacturing will provide attendees with presentations and panel discussions that will discuss return on investments, case studies, strategies for integration, technology and manufacturing trends. The conference will provide opportunities to network with AI and Machine Learning experts, as well as manufacturers who have already using Smart Manufacturing solutions.
Know More

·         AI in manufacturing market for software to hold largest market during forecast period

·          Computer vision technology to witness highest CAGR from 2018 to 2025

·         APAC leads AI in manufacturing market in terms of value

·         The major companies profiled in this report are NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Data RPM (US) (now Progress Software Corporation), Clearpath Robotics Inc.(Canada), Mitsubishi Electric Corporation (Japan), Sight Machine (US), SAP SE (Germany), Oracle Corporation (US). Need more knowledge? Request sample pages of the “AI Manufacturing” report.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Smart Home Market insight worth $151.4 billion by 2024

MarketsandMarkets report, "Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services, and Region - Global Forecast to 2024", the overall smart home market is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.02%. The growth of the smart home market is driven by many factors, such as a large base of internet users and rapid adoption of smart devices; increased public awareness of fitness and healthy lifestyles owing to the high disposable income in developing countries; high importance of home monitoring from remote locations; rise in the need for energy-saving and low carbon emission solutions; cost reduction measures enabled by smart homes; rapid proliferation of smartphones and smart gadgets; existence of various market players focusing on expanding their smart home product portfolios; and widespread concern about safety, security, and convenience.

Highlights

CE Week Exhibits and Conference
2019 CE WEEK - Jacob K. Javits Convention Centre

This booming industry and the technologies driving it. See thousands of the newest technologies in action, learn about the latest applications, and develop invaluable partnerships at the only event dedicated to sensors, connectivity, and systems.
Know More

·         The market for smart speakers is likely to grow at a high rate during the forecast period”

·         “The market for proactive type software and services to grow at a higher rate during the forecast period”

·         “The smart home market in APAC is expected to grow at a high rate during the forecast period”

·         The smart home market is currently dominated by Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany).

Need more knowledge? Request sample pages of the “Smart Home Market” report.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Human Machine Interface Market (HMI) growth assets worth 5.86 Billion USD by 2022

According to MarketsandMarketsTM "Human Machine Interface Market (HMI) by Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI)), Configuration Type (Stand-Alone HMI and Embedded HMI) - Global Forecast to 2022", the HMI market is expected to be valued at USD 5.86 Billion by 2022, growing at a CAGR of 9.0% between 2016 and 2022. Factors such as growing adoption of industrial automation equipment in the manufacturing sector, evolution of industrial internet of things (IIoT) and growing demand for smart automation solution, and growing need of efficiency and monitoring in the manufacturing plant are the factors driving the HMI market.

Highlights 
• 74 Market Data Tables.
• 86 Figures Spread.
• 174 Pages and in-depth TOC.
“Embedded HMI segment expected to grow at a higher rate during the forecast period”

“Market for cloud-based HMI to grow at the highest rate between 2016 and 2022”

“North America expected to dominate the HMI market between 2016 and 2022”

The major players involved in the HMI market include ABB Ltd. (Switzerland), Advantech Co., Ltd. (Taiwan), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan).

• Ask for Sample Pages of Report :- HMI Market

About MarketsandMarkets™

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Shelly Singh
MarketsandMarkets™ INC. 
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USA : 1-888-600-6441 newsletter@marketsandmarkets.com

Non-Destructive Testing and Inspection Market worth at USD 12.6 Billion by 2024, at a CAGR of 7.24%, between 2018 and 2024

The "Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024", published by MarketsandMarkets^TM. The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024; it is expected to grow at a CAGR of 7.24% from 2018 to 2024. Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are among a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of aging assets also propel the growth of the NDT and inspection market.       

• The ultrasonic testing (UT) technique to hold the largest share of the non-destructive testing and inspection market in 2018
• The market for the manufacturing vertical expected to grow at the highest CAGR during the forecast period
• North America expected to hold the largest market share during the forecast period

General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology Srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmBH (Germany), Acuren (US), and LynX Inspection (Canada) are the key players in the market. Ask for Sample Pages of Report : NDT Market
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Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market rising upto USD 8.79 Billion by 2023

MarketsandMarkets report, "Real-Time Locating Systems (RTLS) Market by Offering (Hardware, Software, Services), Technology (RFID, W-Fi, UWB, BLE), Vertical (Healthcare, Manufacturing, Retail, Education, Govt., Sports), Application/Use case, and Geography - Global Forecast to 2023", The RTLS market is expected to grow from USD 3.19 billion in 2018 to USD 8.79 billion by 2023, at a CAGR of 22.5% between 2018 and 2023. The emergence of innovative startups, market competitiveness, and availability of customized solutions; high return on investment; and regulatory compliance across industries including healthcare, oil & gas, mining, education, and manufacturing are the factors driving the growth of the RTLS market. Concerns regarding data security and privacy and unsatisfactory results and negative feedback from RTLS end users and the high cost of acquisition and maintenance would be the major factors restraining the growth of the market.
Highlights

RFID IN HEALTHCARE
The RFID in Healthcare Consortium (RHCC) is a not-for-profit, subsidiary organization of The Intelligent Health Association (IHA) and operates under its auspices, guidelines, governance, and by-laws. The Consortium was founded on September 13th, 2008 to initially address EMI issues with RFID & RTLS technologies but has recently transformed itself into a full-fledged trade organization. The Consortium is an educationally focused, vendor neutral, technology and frequency agnostic, organization dedicated to promoting the use and adoption of RFID and RTLS technologies in the healthcare, assisted living and nursing home industries. KNOW MORE

• UWB-based RTLS solutions are expected to register the highest growth in the RTLS market during the forecast period
• Education vertical is expected to register the highest growth in the RTLS market during the forecast period
• North America is expected to hold the largest market share in the RTLS market during the forecast period
• The RTLS market is dominated by STANLEY Healthcare (US), Zebra Technologies (US), Aruba Networks (HP Enterprise US), IMPINJ (US), Savi Technology (US), TeleTracking Technologies (US), Ubisense Group (UK), AiRISTA Flow (US), Awarepoint (US), Identec Group (Liechtenstein), and Alien Technology (US) are a few leading players in the RTLS market.

Need more knowledge? Request sample pages of the “RTLS Market” report.
MarketsandMarkets Inc.
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888-600-6441
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Healthcare Market To Amply Exploit Augmented and Virtual Reality worth 4,997.9 Million USD by 2023

MarketsandMarkets^TM : According to the new research report "Augmented and Virtual Reality in Healthcare Market by Offering (Hardware and Software), Device Type, End User, Application (Patient Care Management, Medical Training & Education, Pharmacy Management, Surgery), and Geography - Global Forecast to 2023", is expected to grow from USD 769.2 Million in 2017 to USD 4,997.9 Million by 2023, at a CAGR of 36.6% between 2017 and 2023. The increasing penetration of connected devices in the healthcare sector, increased investment in the AR and VR healthcare, and the growing need to reduce the healthcare cost are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market.

Healthcare AR & VR Conference

Doctors, researchers, scientists and patients alike are rapidly adopting XR applications to evolve healthcare as we know it. Augmented, virtual, and mixed reality are revolutionizing treatment and therapy, improving quality while cutting costs, and reducing risk during procedures. XR data science is shaping data visualization and providing solutions for biomedical processes and technologies. Research is also showing that immersive experiences could soon be prescribed as a means to treat everything from ADHD to Alzheimer's. Attend sessions in XRDC's Healthcare Track to hear from developers, meet innovative healthcare practitioners, and identify business opportunities and partnerships in this rapidly growing sector. MORE INFO.

·         Head-up displays to witness high growth during the forecast period
·         Surgery application to witness high growth during the forecast period·         North America expected to hold a major share of the augmented and virtual reality in healthcare market during the forecast period

Major players in the market for augmented reality in healthcare and virtual reality in healthcare are Google (US), Microsoft (US), DAQRI (US), Psious (Spain), Mindmaze (Switzerland), Firsthand Technology (US), Medical Realities (UK), Atheer (US), Augmedix (US), and Oculus VR (US).For more details, request a sample report.

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Mr. Shelly Singh
MarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441 newsletter@marketsandmarkets.com

Augmented Reality Software Market Cops 35.22 Billion USD by 2022

MarketsandMarkets’ report, “Augmented Reality Software Market by Software Function (Remote Collaboration, Workflow Optimization), Vertical (Consumer, Commercial, Enterprise, Medical, Aerospace & Defense, Mining, Telecom & IT/Data Centers), and Geography - Global Forecast to 2022", published by MarketsandMarkets^TM.  The augmented reality software market, this market is expected to grow from USD 2.13 Billion in 2016 to USD 35.22 Billion by 2022, at a CAGR of 57.36% between 2016 and 2022.

• Notable Findings: Ask for Sample Pages of Report :-
  https://www.marketsandmarkets.com/requestsampleNew.asp?id=214655476

CONFERENCE DETAILS

BRIDGING THE DIGITAL AND PHYSICAL WORLDS FOR BUSINESS EFFICIENCIES
JUNE 10 - 13, 2019 | BOSTON, MA
Augmented Reality (AR), creating graphical enhancements to a real physical environment, empowers innovators and developers to build immersive experiences that transform the way users create, operate and service products in the smart, connected world. The business applications of Virtual Reality (VR), technology that immerses a person in a completely computer-generated world and removes them from reality, are growing. Mixed Reality (MR), a blend of the two worlds where physical and digital objects co-exist and interact in real time, is branching out into business and manufacturing. These new technologies can help organizations gain insight into various processes from the factory floor, assembly and operations, service and training. At LiveWorx, you’ll be armed with knowledge on the competitive advantages that AR, VR and MR offer (including enhanced sales & marketing efforts, improved service margins, optimized manufacturing operations and streamlined product design) and best practices to implement them in your organization.
MORE INFO

      • Augmented reality software market for the consumer vertical is expected to hold the largest market share during the forecast period

• Augmented reality software market for commercial vertical is expected to witness high growth during the forecast period
• North America expected to lead the augmented reality software market during the forecast period
• The major players in the augmented reality software market are PTC Inc. (U.S.), Wikitude GmbH (Austria), DAQRI LLC (U.S.), Zugara, Inc. (U.S.), Blippar (U.K.), Upskill (U.S.), Aurasma (U.K.), Augmate (U.S.), Catchoom Technologies S.L. (Spain), and Ubimax GmbH (Germany). Request a sample of the “Augmented Reality Software Market” Report.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Cleaning Robot Suits for Residential Applications Market

MarketsandMarkets’ report, “"Cleaning Robot Market by Type, Product (Floor-cleaning robot, Lawn-cleaning robot, Pool-cleaning robot, Window-cleaning robot), Application (Residential, Commercial, Industrial, Healthcare), and Geography - Global Forecast to 2023", the cleaning robot market is expected to grow from USD 2.09 Billion in 2018 to USD 4.34 Billion by 2023, at a CAGR of 16.21% between 2018 and 2023. The growth of this market is mainly driven by factors such as penetration of automation in household appliances, rise in labor cost, and increasing safety concern.

• Notable Findings ask for Sample Pages of Report :-
  https://www.marketsandmarkets.com/requestsampleNew.asp?id=22726569

UPCOMING CONFERENCE

AUTOMATE 2019 CONFERENCE April 8, 2019

Exhibits, there’s more opportunity than ever to connect with this booming industry and the technologies driving it. See thousands of the newest technologies in action, learn about the latest applications, and develop invaluable partnerships at the only event dedicated to Robotics, connectivity and systems.
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• Floor-cleaning robot expected to hold the largest share of the cleaning robot market by 2023

• Cleaning robot market for residential application expected to grow at the highest CAGR between 2018 and 2023
• APAC expected to dominate the cleaning robot market during the forecast period
• The key players in the market include iRobot (US), Neato Robotics (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Ecovacs Robotics (China), Dyson (UK), Intellibot Robotics (US), Alfred Kärcher (Germany), ILIFE (China), bObsweep (Canada), Bissell Homecare (US), Miele (Germany), Cyberdyne (Japan), Vorwerk (Germany), and Monoprice (US). The key players in this market are increasingly undertaking the strategies of partnerships and collaborations, and product developments and launches to develop and introduce new technologies and products to the market.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441
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Supervisory Control and Data Acquisition (SCADA) Market Shapes Up Industrial Applications

MarketsandMarkets’ report, “SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Application, and Geography - Global Forecast to 2022", the SCADA market is expected to be valued at USD 13.43 Billion by 2022, growing at a CAGR of 6.6% between 2017 and 2022.

• Notable Findings Ask for Sample Pages of Report :-
  https://www.marketsandmarkets.com/requestsampleNew.asp?id=19487518

EXPO & CONFERENCE

SIMATIC SCADA Conference Europe 2019

We have combined the WinCC Specialists conferences and the WinCC OA User Days in one event to give you even more insights into our strategy and portfolio. Experience our keynote speeches, reference talks and workshops on our SIMATIC SCADA portfolio as well as detailed presentations of Best Practice applications by our partners. Join our SCADA Community Event and find out how SIMATIC SCADA systems play an important role in digitalization.

KNOW MORE

• SCADA market for communication systems expected to grow at the highest rate between 2017 and 2022
• Market for software expected to grow at the highest rate during the forecast period
• Oil and gas application expected to hold the largest share of the SCADA market
• Americas expected to hold the second-largest share of the SCADA market during the forecast period
• The major players involved in the SCADA market are ABB (Switzerland), Alstom (France), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Iconics Inc. (US), Omron Corporation (Japan), Rockwell Automation Inc. (US) Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan) Request a sample of the “SCADA Market” report.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Far-Field Digital Signage Market rising $29.6 billion by 2024

MarketsandMarkets^TM report, "Digital Signage Market by Offering (Hardware (Displays, Media Players, Projectors), Software, Services), Product, Application, Vertical (Retail, Transportation & Public Places, Sports & Entertainment, Education), and Geography - Global Forecast to 2024", The digital signage market is expected to grow from USD 20.8 billion in 2019 to USD 29.6 billion by 2024, at a CAGR of 7.3%. Growing technological advancements in display products, increasing adoption of digital signage products in commercial vertical, rising demand for 4K & 8K displays, and increasing infrastructural developments in emerging countries are the major driving factors for the market’s growth during the forecast period.

Highlights
GLOBAL DIGITAL SIGNAGE CONFERENCE

Sensors 2019 Hits May 1 This event is truly, the ONLY dedicated conference for digital signage anywhere in the world that promotes, stimulates, fosters and actively encourages debate within the ever-growing digital signage industry. We’ve assembled world experts in their field; speakers include top retailers, retail gurus, design consultants, content experts and more.
KNOW MORE

• Hardware offering to dominate digital signage market (in terms of share) during
  forecast period
• Digital signage market for outdoor application to grow at highest CAGR from 2019 to 2024”
• “APAC to grow at highest CAGR in digital signage market during forecast period”

Key players in the market include Samsung Electronics (South Korea), NEC Corp. (Japan), LG Electronics (South Korea), Sharp (Foxconn) (Japan), Leyard Optoelectronic (Planar) (China), Sony (Japan), AU Optronics (Taiwan), BARCO (Belgium), Panasonic (Japan), Goodview Electronics (China), Scala (US), E Ink Holdings (Taiwan), Omnivex Corporation (Canada), Deepsky Corporation (Hong Kong), Delta Electronics (Taiwan), Exceptional 3D (US), Daktronics (US), Christie Digital Systems (US), Intuiface (France), and BenQ (Taiwan).

Need more knowledge? Request sample pages of the “Digital Signage Market” report.
Mr. Shelly SinghMarketsandMarkets Inc.
Northbrook, IL
888-600-6441
newsletter@marketsandmarkets.com
https://www.marketsandmarkets.com
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Augmented Reality Market - AR and Virtual Reality Market - VR : Research Study Growth in Business worth 60.55 Billion USD and 34.08 Billion USD by 2023

MarketsandMarkets’ research report,  "Augmented Reality and Virtual Reality Market by Offering (Hardware & Software), Device Type (HMD, HUD, Handheld Device, Gesture Tracking), Application (Enterprise, Consumer, Commercial, Healthcare, Automotive), and Geography - Global Forecast to 2023", the augmented reality (AR) and virtual reality (VR) market, the AR market is expected to grow from USD 11.14 Billion in 2018 to USD 60.55 Billion by 2023, at a CAGR of 40.29% between 2018 and 2023, whereas the VR market is expected to grow from USD 7.90 Billion in 2018 to USD 34.08 Billion by 2023, at a CAGR of 33.95% between 2018 and 2023. The increasing demand for AR devices in healthcare, growing demand for AR in retail and e-commerce, and rising investment in the augmented reality market are the major drivers for the augmented reality market. The high penetration of head-mounted displays in gaming and entertainment, huge investments in the VR market, advancement of technology and digitization, and availability of affordable VR devices are the major drivers of the VR market.

Highlights  

VRTECH Conference

ARVR 2019 Hits Conference at Hyatt Regency Pune 24^th April!

Augmented Reality and Virtual Reality for various Enterprise functions such as Design, Manufacturing, Maintenance, Training and Marketing Strategists. Learning and sharing best practices using AR-VR as a decision support system aiding better designs, faster time to market and as immersive training tools offering simulations and scenarios in a secure, risk-free environment. About 200 functional visionaries, including CxO and their functional teams from various industry verticals including Automotive, Aerospace, Medical Equipment, Auto dealerships and many more...KNOW MORE

• Head-up displays to witness high growth in the AR market during the forecast period
• Consumer application to lead the augmented reality and virtual reality market
• APAC expected to hold a major share of the augmented reality and virtual reality market during the forecast period
• Major players in the augmented reality and virtual reality market are Sony (Japan), Oculus (US), Samsung (South Korea), Google (US), PTC (US), HTC (Taiwan), Microsoft (US), Wikitude (Austria), DAQRI (US), Zugara, (US), Blippar (UK), Osterhout Design Group (US), Magic Leap (US), Upskill (US), Continental (Germany), Visteon (US), Eon Reality (US), MAXST (South Korea) and Vuzix (US).

For more data, preview the report.

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Industrial Control and Factory Automation Market worth $269.5 billion by 2024

According to the new market research report "Industrial Control and Factory Automation Market by Solution (SCADA, PLC, DCS, MES, PLM, PAM, Functional Safety), Component (Industrial Robots, Industrial 3D Printing, Control Valves, Machine Vision, HMI), Industry and Geography - Global Forecast to 2024", The industrial control and factory automation market is likely to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%. The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse 85 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market - Global Forecast to 2024" View detailed Press Release here -
https://www.marketsandmarkets.com/PressReleases/factory-automation.asp

“Articulated robots dominate the industrial robot market”

The industrial robots segment is growing at a significant pace during the forecast period and has the highest market share of components in the industrial control and factory automation market. Manufacturers are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is lessening the human intervention in production process, thereby reducing the cost of manufacturing with increase in quality and production capacity.

“Process automation and control in industrial manufacturing plant drives the growth for DCS ”

DCS held the highest market share in the solutions of industry control and factory automation market. This growth is attributed to a high rate of industrialization rate in the developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. Advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

“Process industries to lead the industrial control and factory automation market from 2018 to 2024”

Process industries had the higher market share in industry control and factory automation market in 2017. The rate of adoption of solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. Furthermore, increasing demand for real-time visibility and complex operations in oil and gas, power, metals and mining, and food & beverages industries is expected to drive the demand for industrial control and factory automation solutions in the process industry. Due to the complex nature of the automation in the process industry, the number of components and technologies deployed in the process industry is higher than the discrete industry. Particularly, control technologies, such as DCS, is employed only in the process industry and the number of PLCs and PACs is employed more in the process industry than the discrete industry.

“APAC to be the largest market for industry control and factory automation during the forecast period”

Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is the fastest growing region for industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. The major application industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automotive. China is one of the major players from APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve the Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for the industrial control and factory automation in this country.

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

Don’t miss out on business opportunities in Industrial Control and Factory Automation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com