Product ID: SQMIG45D2047
Report ID:
SQMIG45D2047 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Players in the global industrial automation market are primarily focusing on innovative robotics and automation applications. To increase their market presence, the players in the industry engage in mergers and acquisitions, partnerships, and collaborations. ABB Ltd., Rockwell Automation, and Honeywell International are some of the major competitors in the industry. They are creating cutting-edge uses for robotics and automation technologies in order to unlock new development possibilities. For instance, ABB Ltd. invests about 5% of its revenue in R&D to broaden its product line with an emphasis on collaborative robotics, digital factory automation, machine-centric robotics, and artificial intelligence.
Similar to that, PTC and Rockwell Automation teamed up in June 2018. In this collaboration, Rockwell Automation gave PTC a $1 billion investment. With this collaboration, the firms aligned their augmented reality (AR), Internet of Things (IoT), industrial connectivity, FactoryTalk MES, FactoryTalk Analytics, and other automation platforms with Vuforia, PTC, and Kepware.
Industrial Automation Market Top Player's Company Profiles
Industrial Automation Market
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REQUEST FREE CUSTOMIZATIONGlobal Industrial Automation Market size was valued at USD 177.57 billion in 2019 and is poised to grow from USD 407.268 billion in 2023 to USD 441.7 billion by 2031, growing at a CAGR of 8.84% in the forecast period (2024-2031).
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Product ID: SQMIG45D2047