Skip to main content

Upside for Industrial Automation and Robotics Technology

The emerging market for Internet of Things (IoT) technology is expanding. In particular, industrial automation and industrial robotics -- a subset of industrial automation -- continue to evolve after decades of growth globally. According to the latest market study, new advancements are pointing to further upside potential.

Several manufacturing technology trends are converging, forcing a change in how all kinds of products are made worldwide. Robotics, big data, cognitive computing and other elements of industrial automation are making Advanced Manufacturing a reality in 2017.

Industrial Automation and Robotics Market Development

ABI Research forecasts industrial automation control and field device shipments will surpass 55 million units in 2017, and grow to reach approximately 146 million units by 2025.

This will translate to $298 billion in industrial automation device revenue by 2025, with $45 billion attributed alone to robotics. Industrial robot shipments -- a subset of industrial automation field devices -- will reach slightly more than 300,000 in 2017.

"Control and field devices from the likes of Emerson, Honeywell, and Siemens are used to integrate disparate technologies, as well as regulate, manage, and accomplish industrial automation," said Philip Solis, research director at ABI Research.

Robots from companies like ABB, Fanuc Corporation, Kuka Robotics Corporation, and Yaskawa Electric Corporation make up a small fraction of yearly industrial automation device shipments but account for the largest amount of revenue, due to their high costs.

The automotive sector, which historically invests heavily in robotics and other automation technology for manufacturing purposes, is and will continue to be the leading acquirer of control and field devices for automation technologies.

Other classes of manufacturers, like food producers, as well as non-manufacturing industries, such as logistics, are also adopting automation technologies at a rapid rate.

Outlook for Manufacturing Automation Innovation

"The Asia-Pacific region, particularly Chinese manufacturers, will be responsible for much growth moving forward," concludes Solis.

Regional manufacturers are now relying on automation to try to offset a dramatic rise in Chinese worker wages and combat the declining numbers of age-appropriate employees in the workforce.

Labor pool variability is another key growth factor that will undoubtedly lead to increased levels of automation technology among Chinese manufacturers in the coming years.

Popular posts from this blog

Digital Transformation for the Oil and Gas Sector

The savvy CEOs of multinational organizations will accelerate their investment in digital transformation projects in 2022, and beyond, to improve their competitiveness. Every industry leader that is forward-looking will act swiftly to grasp the upside opportunity. Global oil & gas companies face a myriad of operational, commercial, and existential security threats. According to the latest worldwide market study by ABI Research, oil & gas firms apply digitalization to combat these threats and will spend $15.6 billion on digital technologies by 2030. Oil & Gas Digital Apps Market Development Investments in digitalization can help to analyze a supply pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. "Safety and Security are top priorities for oil & gas operators. Data analytics allied with IoT platforms have become

The Fastest-Growing Mobile Opportunity in 2022

The number of mobile communication subscriptions worldwide is currently estimated at 8 billion, with 6 billion on smartphone connections, from a user base of 5.9 billion unique subscribers among a global population of 7.9 billion. Fifth-generation (5G) mobile service subscriptions using a compatible device significantly grew during the COVID-19 pandemic, but 4G connections remain the dominant force within the global telecom service provider sector. While the use of mobile phones is common throughout developing nations, 4G services are still an emerging technology in many parts of the world. Overall, 5G subscriptions will likely grow from 580 million at the end of 2021 to 3.5 billion by the end of 2026. 5G Mobile Market Development According to the latest worldwide market study by Juniper Research, revenue generated from 5G mobile services will reach $600 billion by 2026 -- representing 77 percent of global network operator-billed revenue. The adoption of 5G services across consumer and

2022 Tech Trends Outlook: What Happens Next?

This year may very well be another period of unprecedented challenges and opportunities. In 2022, several highly anticipated technology-related advancements will NOT happen, according to the predictions by ABI Research. Their analysts identify many trends that will shape the technology market and some others that, although attracting huge amounts of pundit speculation and commentary, are less likely to advance rapidly over the next twelve months. "The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year's fortunes," said Stuart Carlaw, chief research officer at ABI Research . What Won’t Happen in 2022? Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a clearly defined arrival d