Industrial automation control experiencing steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for industrial automation control comprises some well-established players across the globe. Since the last decade, the demand in different end-user industries has accelerated significantly with the growing adoption of automation and ground-breaking technology enhancements.
The Industrial Automation Control Market Was Valued At US$ 158.5 Billion In 2018 And Is Projected To Reach US$ 324.6 Billion By 2027; It Is Expected To Grow At A CAGR Of 8.0% During 2019–2027.
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As leading companies in this market continue to broaden their addressable market, by expanding their current product portfolio, diversifying their client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional players as well as the leading global companies across the world. The use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies.
Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automation. Solutions such as SCADA, PLC, DCS, MES, PLM, and plant asset management as well as Cybersecurity holds a distinct position in facilitating ease in the manufacturing process. Technologies such as condition monitoring, IIoT, AI, big data analytics, virtual reality, and augmented reality helps to have access to real-time data required at the time of precision decision making.
Impact of COVID-19 Pandemic on Air Cargo Security and Screening Systems Market
The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. The exponential rise in the patient count compelled government authorities to limit the movement of humans, goods, and commodities by enacting travel restrictions, mass lockdowns, and business shutdowns. Lockdown measures resulted in lesser production of commodities and goods and lowered the frequency of service offerings. However, the demand for air cargo remained unaffected during this global crisis, and the operating conditions continued to provide favorable conditions for air cargo operations.
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Rapid Adoption of E-Commerce Propels Air Cargo Security and Screening Systems Market Growth
Online retailing attracts more prospective customers than their brick-and-mortar-based counterparts due to the broad scale of internet penetration in developed and developing countries. In addition, the e-commerce market players opt for various logistics options such as surface transport and air transport to deliver packages to their customers. Therefore, various countries have observed variations in buying patterns and trends with the evolution of the e-commerce market. The majority of purchases are influenced by demographics of a country, such as the percentage of youth population indulging in e-commerce activity, the economy of a country, age group interested in the use of e-commerce, and level of awareness across the country. The fast-growing international e-commerce market remains a key contributor to the rising domestic air shipment volumes generated by large and small e-retailers. Air cargo is essential for the e-commerce ecosystem to manage the transportation of goods, especially in India and Southeast Asian countries. Air cargo service providers benefit e-commerce businesses through their upgraded technologies, efficiency and specialization, and flexibility and scalability.
Industrial Automation Control Market Industry Vertical Segment Insights
Based on industry vertical, the industrial automation control market is bifurcated into automotive, electronics & semiconductor, food & beverage, metal & machinery, aerospace & defense, and others. The automotive industry is one of the major clients of industrial automation into their production process. Automotive OEMs, as well as parts manufacturers, are extensively using industrial automation controls to help them in achieving the demand and maintaining the product quality. Continuous surge in demand and mass production of automotive vehicles have further encouraged the adoption of automation into the production process. The adoption rate of industrial automation is high in North America and Europe owing to the high labor cost and low availability of labor. Also, the automotive industry in Asian countries such as Japan, Korea, and China highly depend upon automation technology to continue with the manufacturing of automobiles.
The List of Companies
The major companies offering industrial automation control to different industries include ABB Ltd, Honeywell International Inc., Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., Omron Corporation, Rockwell Automation, B&R Industrial Automation Gmbh, and Beckhoff among others. Several other companies are also offering these services to different industries which are facilitating the industrial automation control market to propel over the years.
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In September 2021, Smiths Detection Group Ltd. (Smiths Group plc) launched an enhanced cargo screening security scanner. Smiths Detection has announced a product up-gradation within the Hi-Scan product range. The first update is the high-speed Hi-Scan 100100V-2is, launched for fast, reliable, and cost-effective air cargo screening. The new model enables increased and more efficient throughput for mail screening, express forwarders, and e-commerce, and can also be used at mass transit checkpoints.
In October 2021, Safeway Inspection System Limited Shipped X-ray scanners to overseas markets, including Asia, Europe, the Middle East and Africa, and South America.
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