India Industrial Automation Market By Component (Hardware, Software), By Industry (Process Automation, Factory Automation, Machine Automation), By Vertical, By Region, Competition, Forecast and Opportunities, 2030

The India Industrial Automation market valued at USD 8.23 billion in 2022 and is anticipated to project robust growth during the forecast period, registering a CAGR of 11.17% until 2030.

'Industrial automation' is the phrase used to describe the automation and optimization of industrial processes by the use of technology, such as robots, control systems, and other devices. Industrial automation has applications in a wide range of sectors, including manufacturing, the production of food and drink, and the automotive and pharmaceutical industries, among many others. The basic goal of industrial automation is to raise output, efficiency, and quality while minimizing costs and mistakes. Numerous operations, ranging from straightforward repetitions to intricate industrial processes, may be automated. The technology used in industrial automation includes Programmable Logic Controllers (PLCs), Human-machine Interfaces (HMIs), sensors, robots, and other devices.

The emergence of Connected Enterprise

The emergence of connected enterprises is driving industrial automation in several ways. A connected enterprise is one in which all the equipment and systems are linked and exchange real-time information. As a result, businesses are able to operate more effectively, with better agility, and swiftly adapt to changing market conditions. . Using Internet of Things (IoT) devices and sensors is one way that linked company is advancing industrial automation. IoT devices can be used to monitor and control industrial processes in real-time, enabling companies to optimize their operations and reduce costs. For instance, sensors can be used to monitor machine performance and predict maintenance needs, enabling companies to schedule repairs before a breakdown occurs, reducing downtime, and improving productivity. Overall, the emergence of connected enterprises is driving industrial automation by enabling companies to achieve greater efficiency, productivity, and agility. As more companies adopt connected enterprise solutions, the use of IoT devices, data analytics, and machine learning is expected to become even more widespread, driving further automation in industrial environments.

Adoption of IoT and AI in Industrial Environments

Over the past few years, India has steadily embraced AI (Artificial Intelligence) and IoT (Internet of Things) in industrial settings. The demand for increased productivity, efficiency, and competitiveness has spurred the adoption of these technologies. IoT and AI have been broadly embraced in a number of sectors, including industry. To monitor and optimize manufacturing processes, maintain inventory levels, and enhance quality control, IoT devices, including sensors, cameras, and RFID tags, are employed. The data produced by these devices is being analyzed using machine learning and AI-powered analytics to give insights that are utilized to increase operational effectiveness and save costs.

Increasing Adoption of Industrial Robots For Automated Production

The increasing adoption of industrial robots for the automation of production is a trend that has been ongoing for several years and is expected to continue in the upcoming years. To increase efficiency, productivity, and quality, industrial robots are utilized in a variety of sectors, including the automotive, electronics, food and beverage, and pharmaceutical industries. In order for enterprises to remain competitive in the market, there is an urgent need for the increased usage of industrial robots. Industrial robots have a high degree of accuracy and uniformity while doing repeated activities, which can save manufacturing costs and boost product quality. These technologies are allowing robots to become more versatile and adaptable, which means they can perform a wider range of tasks and are better equipped to handle complex manufacturing processes. Overall, the increasing adoption of industrial robots for the automation of production is a trend that is likely to continue as manufacturers seek to remain competitive, improve efficiency, and respond to changing market conditions.

Adoption of Industry 4.0

India has seen an increase in the use of Industry 4.0, particularly in sectors including automotive & transportation, packaging, metal, and others. Many Indian companies are using the potential of connected devices, sensors, and data analytics to increase operational efficiency, cut costs, and improve customer experiences as a result of the rapid advancement in technology and the growing use of the Internet of Things (IoT).

IoT-enabled sensors are increasingly being used in the industrial industry to monitor machinery and equipment in real-time, enabling predictive maintenance and minimizing downtime. Additionally, this technology is being utilized to streamline workflows and reduce waste, saving money in the process. India is rapidly adopting Industry 4.0 technology, and several businesses from all sectors have begun implementing digital transformation programs. Overall, Industry 4.0's rise in India is changing the production environment and increasing its efficiency and competitiveness. India is well-positioned to dominate the world of advanced manufacturing with continuous investment and acceptance of these technologies.

Impact of Covid: Disruption in Supply Chain

The pandemic has caused supply chain disruptions, which has caused delays in the delivery of parts and machinery needed in industrial automation. The Indian government's travel bans and lockdowns also hindered the transportation of products and services, resulting in snags in the supply chain. India, being a major manufacturer and exporter of industrial automation products, has faced significant challenges due to the pandemic. Deliveries of goods have been delayed as a result of the supply chain disruption, and the cost of raw materials has risen up. The Chinese market, in particular, is very important to the India industrial automation market. A scarcity of necessities has developed in the market as a result of the pandemic's impact on China's supply of goods. Furthermore, the supply of goods in the Indian market has been influenced by the application of anti-dumping tariffs on Chinese goods.

Challenges: Lack of Skilled Workforce

High-skilled individuals are increasingly in demand for industrial automation. Industries are progressively automating their operations to boost productivity, save costs, and enhance quality as a result of technological advancements. As a result, there aren't enough qualified personnel to develop, install, maintain, and run automation systems. There may also be a shortage of graduates with the necessary skills and knowledge to work in industrial automation because the field is still relatively new, and many educational institutions are still catching up to the demand for trained professionals. This presents a challenge for the India industrial automation market.

Recent Developments/Government Initiatives:

• The industrial automation market is anticipated to grow in West India, encompassing Maharashtra, Pune, and Rajasthan, as a result of the government's most recent efforts, such as 'Make in India' and 'Digital India.' In order to boost productivity and competitiveness and boost demand for automation solutions and services, the government is encouraging the implementation of automation technology in many industries
• Escalating Government Investments and Initiatives

The Indian government has been actively investing in and promoting industrial automation through various initiatives aimed at boosting the manufacturing sector's growth and competitiveness. The Make in India program, which aims to make it easier to do business in India, encourage innovation, and increase both local and international investment in the manufacturing sector, including industrial automation, is one of the important projects and investments that are being made in India.

The goal of Digital India is to make India a knowledge-based society and economy. In order to enhance manufacturing procedures, the government is encouraging the use of digital technologies, including IoT, artificial intelligence, and data analytics. Industrial automation has been highlighted by the government as a crucial facilitator of this transition. The overall goals of the Indian government's investments and activities in industrial automation are to encourage innovation, enhance productivity, and boost the manufacturing sector's competitiveness. In the upcoming years, these initiatives are anticipated to have a substantial influence on India's economic growth and development.

Market Segmentation

India Industrial Automation Market is divided into components, industry, and vertical. Based on components, the market is divided into hardware and software. The hardware sub-segment is further segmented into industrial sensors, industrial robots, AC motor drives, field instruments, machine vision systems, servo system, programmable logic controllers, human-machine interfaces, CNC controllers, and others. Moreover, the software sub-segment is further segmented into data analysis and optimization, management, networking, and others. Based on industry, the market is segmented into process automation, factory automation, and machine automation. Based on vertical, the market is segmented into pharmaceutical, food & beverage machinery, energy equipment/mining/utilities, packaging machinery, automotive, textile/fabric/coating machinery, logistics and transportation equipment, electrical/electronic manufacturing, building materials machinery & fluid machinery, machine tool industry, plastics/rubber machinery, industrial robotics, woodworking machinery, and others. On the basis of region, the market is divided into South India, North India, West India, and East India.

Market Player

Major market players in the India Industrial Automation market are Honeywell Automation India Limited, Rockwell Automation India Pvt. Ltd, Delta Electronics India Pvt Ltd, Yokogawa India Limited, Siemens Ltd, Inovance Technology Private Limited, Emerson Electric Company (India) Private Limited, GE T&D India Limited, Omron Automation Private Limited, Orion Electronics Private Limited, ABB India Limited, Schneider Electric India Pvt. Ltd, and Mitsubishi Electric India Pvt. Ltd.

Report Scope:

In this report, the India Industrial Automation market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

India Industrial Automation Market, By Component:

• Hardware
• Industrial Sensors
• Industrial Robots
• AC Motor Drive
• Field Instruments
• Machine Vision Systems
• Servo System
• Programmable Logic Controller
• Human Machine Interface
• CNC Controller

Others

• Software
• Data Analysis and Optimization
• Management
• Networking
• Others

India Industrial Automation Market, By Industry:

• Process Automation
• Factory Automation
• Machine Automation

India Industrial Automation Market, By Vertical:

• Pharmaceutical
• Food & Beverage Machinery
• Energy Equipment/Mining/Utilities
• Packaging Machinery
• Automotive
• Textile/Fabric/Coating Machinery
• Logistics and Transportation Equipment
• Electrical/Electronic Manufacturing
• Building Materials Machinery & Fluid Machinery
• Machine Tool Industry
• Plastics/Rubber Machinery
• Industrial Robotics
• Wood Working Machinery
• Others

India Industrial Automation Market, By Region:

• South India
• North India
• West India
• East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Industrial Automation Market.

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Company Information

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