Rising Demand for Industrial Automation Drives Discrete Automation Market Growth

Discrete Automation Market Growth:

Washington, D.C., United States: The discrete automation market refers to the use of automated systems and machinery to manufacture discrete products, such as automobiles, electronics, and industrial equipment. Discrete automation technologies include robotics, programmable logic controllers, and industrial PCs. The market is driven by the growing demand for automation in various industries, as it enhances productivity, efficiency, and accuracy while reducing costs. The adoption of Industry 4.0 technologies, including the Industrial Internet of Things (IIoT), is also driving the growth of the discrete automation market. The market offers significant opportunities for companies to innovate and develop new products and services, but it also faces challenges such as data security concerns and the need for skilled personnel to operate and maintain the automated systems.

The global discrete automation market was valued at worth of USD 5.25 billion in 2017 and is estimated to grow at a CAGR of 7.5% during the forecast period.

Competitive Landscape

Some of the prominent players operating in the Discrete Automation market are

• Siemens AG
• Invensys
• Rockwell Automation Inc
• ABB ltd
• Schneider Electric Co
• Cisco, Mitsubishi Electric
• Cooper Industries
• GE Grid Solutions
• Eaton

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Market Drivers:

The Discrete Automation market is driven by several factors. The growing need for energy-efficient production processes, increasing demand for industrial automation in various sectors such as automotive, electronics, and pharmaceuticals, rising adoption of Industry 4.0 and the Industrial Internet of Things (IIoT), and the need for mass customization in manufacturing are some of the major drivers of the Discrete Automation market. Additionally, the increasing focus on safety and security in industrial automation and the growing trend of digitalization are also expected to drive the market growth in the coming years.

Market Opportunities:

The discrete automation market presents several opportunities for growth in the coming years. The increasing adoption of Industry 4.0 and the Industrial Internet of Things (IIoT) is driving the demand for automation solutions that can provide greater efficiency, flexibility, and agility in manufacturing processes. This has led to a growing demand for discrete automation solutions such as robotics, programmable logic controllers (PLCs), and human-machine interfaces (HMIs), among others. Additionally, the increasing need for smart manufacturing and the growing trend of mass customization in various industries is expected to create further opportunities for the discrete automation market. The demand for automation solutions that can enable quick product changeovers, reduce lead times, and improve product quality is expected to drive the growth of the discrete automation market in the coming years.

Market Restrains:

1. High initial investment: The implementation of discrete automation requires a significant investment in technology, equipment, and personnel training, which can be a challenge for small and medium-sized enterprises.
2. Cybersecurity risks: The use of advanced technology in discrete automation systems can make them vulnerable to cybersecurity risks, such as hacking and data breaches, which can lead to financial losses and damage to reputation.

Global Discrete Automation Market: Segmentation

As a result of the Discrete Automation market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

• By Type
  • Programmable Logic Controllers (PLC)
  • Manufacturing Execution System (MES)
  • Distributed Control System (DCS)
  • Product Lifecycle Management (PLM)
• By Application
  • Automotive
  • Packaging
  • Textile
  • Aerospace & defense

The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments.

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The following are the report’s key features:

• It gives useful information on the Global Discrete Automation Market.
• Information for the years 2022-2030 is provided.
• Market-related important factors are highlighted.
• The latest technological innovations, government restrictions, and developments are presented.
• This paper investigates advertising and marketing techniques, market trends, and analysis.
• Growth projections and analyses by forecast 2030.
• The statistical analysis of the market’s leading competitors is emphasised.
• Discrete Automation Market summary based on extensive study.

Other aspects of the report include:

• Provides a complete review of important tactics in numerous firms, with an emphasis on corporate structure, R&D processes, localization strategies, manufacturing capabilities, sales, and performance.
• Provides essential product portfolio information, including product planning, development, and positioning.
• Analyzes the role of significant market participants, as well as their collaborations, mergers, and acquisitions.

Table of Content

1. Introduction
   1. Market Definition
   2. Market Scope
2. Research Methodology
   1. Primary Research
   2. Research Methodology
   3. Assumptions & Exclusions
   4. Secondary Data Sources
3. Market Overview
   1. Report Segmentation & Scope
   2. Value Chain Analysis: Discrete Automation Market
   3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. The threat of New Entrants
      5. Competitive Rivalry
   5. Market Share Analysis
4. Component Overview
5. Deployment Model Overview
6. Regional Overview
   1. Introduction
      1. Market Size & Forecast
   2. North America
   3. Europe
   4. Asia Pacific
   5. LAMEA
7. Company Profile
8. Conclusion & Recommendation
9. Acronyms & Abbreviations

The Table of Contents and Figures of the Full Report are available for your perusal Discrete Automation Market Report with TOC

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