Industrial Automation Software Market Size, Share, Growth Analysis, By Product(manufacturing execution system (MES), distributed control system (DCS), supervisory control, data acquisition (SCADA)), By Deployment(on-premise, cloud-based), By End use(oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20I2176 | Region: Global | Published Date: February, 2024
Pages: 250 |Tables: 106 |Figures: 76

Industrial Automation Software Market Insights

Industrial Automation Software Market size was valued at USD 191.89 billion in 2019 and is poised to grow from USD 205.86 billion in 2023 to USD 441.7 billion by 2031, growing at a CAGR of 8.84% in the forecast period (2024-2031).

The need for industrial automation software is being driven by the increasingly dynamic requirements of diverse sectors as well as sophisticated operations and procedures. It reduces the number of machine hours needed for processes, which is only achievable with reliable software.

Numerous sectors have benefited from automation in various ways, including easier monitoring, reduced waste, and faster output. Automation provides clients more consistent, dependable goods that are delivered on time, at a significantly lower cost, and with higher quality.

The adoption of SCADA, HMI, and PLC systems, as well as software like MES, APM, APC, PLM, and OTS, and control system software that gives visualization, has been significantly influenced by the ability to connect industrial machinery and equipment and collect real-time data.

These systems aid in lowering product flaws, decreasing downtime, planning maintenance, shifting from a reactive to a predictive state, and establishing prescriptive decision-making stages.

Smart factory automation, also known as the Industrial Internet of Things (IIoT) and Industry 4.0, is a new technology approach to the creation, manufacturing, and administration of the logistics chain. With equipment and gadgets connected to the internet, these tendencies are prevailing in the industrial sector.

The installation of industrial automation technologies, however, comes with a considerable initial cost. Additionally, acquiring and training people who can handle the solution adds to the overall cost, which might impede market expansion.

US Industrial Automation Software Market is poised to grow at a sustainable CAGR for the next forcast year.

Market Snapshot

Global Market Size

Largest Segment

On premise

Fastest Growth

Cloud based

Growth Rate

Global Industrial Automation Software Market, 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)

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Industrial Automation Software Market Segmental Analysis

The industrial automation software market is segmented on the basis of product. deployment, end-use and region. On the basis of product, the Industrial Automation Software Market is divided into manufacturing execution system (MES), distributed control system (DCS), supervisory control and data acquisition (SCADA), human machine interface (HMI), programmable logic controller (PLC), IT & software environment integration solutions, production process test systems, automated material handling systems, coordinated data management systems, and automatic storage & retrieval systems. On the basis of deployment the Industrial Automation Software Market is bifurcated into on-premise and cloud-based segments. On the basis of end-use the Industrial Automation Software Market is divided into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense and on the basis of region Industrial Automation Software Market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Industrial Automation Software Market Analysis by Product

The market is anticipated to be dominated by the supervisory control and data acquisition (SCADA) segment in 2022. SCADA manages automation tasks that are crucial for data analysis and makes decisions for improvement. Additionally, the segment's expansion is anticipated to be aided by the increasing demand for industrial automation solutions among businesses. But over the projected period, the human machine interface (HMI) category is anticipated to develop at the greatest CAGR.

Industrial Automation Software Market Analysis by Deployment Type

The global industrial automation software market is divided into on-premise and cloud-based segments depending on deployment method. The on-premise category is anticipated to have the biggest market share for industrial automation software in 2022. Industries use on-premise servers to have complete security control. But over the projected period, the cloud-based category is anticipated to develop at the greatest CAGR.

Industrial Automation Software Market Analysis by End-user

The oil and gas industry is anticipated to hold the greatest market share for industrial automation software in 2022. Drilling operations, diagnostics and inspections, pipeline monitoring systems, weather monitoring systems, and pressure and flow systems are some of the key sectors in the oil and gas industry that are greatly impacted by automation. Given its high costs and safety dangers, drilling is one of the key industries that needs automation.

However, due to the rising use of IoT and process automation solutions, the chemicals & materials category is anticipated to develop at the greatest CAGR over the projection period. Cost containment is required in the chemical sector due to the fierce worldwide rivalry and lack of product differentiation. Automation solutions provide two advantages in such a setting: innovation in the consumer-important areas and increased cost effectiveness through streamlined production. The IIoT and automation technologies may help the chemicals and materials sector regulate the prices of energy and raw materials, which will further be projected to open up prospects for market expansion.

Global Industrial Automation Software Market By deployment type, 2021 (%)

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Industrial Automation Software Market Regional Insights

Europe is likely to dominate the market during the forecast period. One of the most progressive fields in German mechanical engineering is the robotics and automation sector. Among the top R&A businesses in the world are German OEMs. The main advantages of a global hub that accommodates robotics businesses from various market sectors are thought to be human-robot cooperation (HRC) and machine vision (MV) technology. There will be more uses for collaborative robots and traditional industrial robots as a result of technological advancements in artificial intelligence, including machine learning and deep learning.

Over the past ten years, Germany and Europe have seen rapid growth in the machine vision business. Other industries, such as the metal, food, and packaging, as well as non-manufacturing ones (such as intelligent traffic technology, medical diagnostic equipment, and surgical technologies), are increasingly using machine vision technology outside of the automotive industry and the electrical and electronics industries (including semiconductors).

During the forecast period of 2021-2028, Asia Pacific is expected to have a considerable growth rate. The majority of robots and factory automation systems are produced in Japan. The need for industrial automation in the area is influenced by the existence of robotics and factory automation products and manufacturing firms throughout Japan, including Omron Corp., Yaskawa Electric, Yokogawa Electric, Mitsubishi Electric, and Nidec Corp.

A significant supplier of sensors, batteries, microchips, and other loT system components is China. Additionally, government programs in India like Make in India and MSME help small and medium-sized companies embrace cutting-edge manufacturing techniques. The government's aggressive measures in this area are anticipated to fuel market expansion.

The sophisticated manufacturing capabilities and effective trading procedures used by businesses will cause North America to see tremendous growth in the years to come. Throughout the upcoming years, there will likely be noticeable expansion in the Middle East and Africa. Due to the region's growing digital transformation, artificial intelligence and robotic process automation adoption is expected to experience stable market expansion in South America. Brazil presents a significant potential for automation businesses due to the country's rising need for advanced technology.

Global Industrial Automation Software Market By Geography, 2021-2028
  • Largest
  • Fastest

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Industrial Automation Software Market Dynamics

Industrial Automation Software Market Drivers

Rise in Investment to Develop Industrial Operations will Boost Market Growth

  • Government backing and efforts, the strong need for industrial automation for mass production, and increased pressure to cut operating costs are all contributing to the growth of the automation software industry. Enterprise-level solutions and product lifecycle management are in great demand worldwide. Mass production enables businesses to create more with fewer employees. Manufacturers utilize machines to make items more quickly rather than employing several employees to accomplish a task manually. As a result, businesses may offer their goods for less money without losing money. The rising use of automation in manufacturing demonstrates how quick technological advances have eliminated the need for human intervention in the development, design, and assembly of a product's component parts. Damage control is far less likely since automated inspection and identification of parts reduce time and are less error-prone. Even though it necessitates a sizable investment, an automated system provides a very favorable return in terms of operational expenses over the long term. In the upcoming years, this is anticipated to fuel a need for industrial automation software.

Industrial Automation Software Market Restraints

Expensive Investment with Unsure Capital Returns to Hinder Market Growth

  • The initial capital cost required for the implementation of technology and training of employees is expensive. Also, we cannot predict the return on investment due to the industry's fragmented nature. Yet the small and medium-sized enterprises hesitate to adopt the benefit of technology because of its iron cost and unpredicted returns.

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Industrial Automation Software Market Competitive Landscape

There are few significant companies in the fairly competitive industrial automation software market. The major firms with a sizable market share are focusing on growing their consumer base internationally. To increase their market share and profitability, these companies are using strategic coordinated measures.

Emerson announced the inauguration of a new integrated manufacturing plant in Chennai, Tamil Nadu's Mahindra World City, in February 2022. The company's Automation Solutions division, which offers industrial customers in India and throughout Asia solutions to boost productivity, safety, and environmental sustainability, will manufacture key items in the 145,000-square-foot facility.

Rockwell Automation stated in July 2021 that it will purchase Plex Systems for USD 2.22 billion in order to broaden its selection of industrial cloud software. Plex Systems is a purely cloud-native, software-as-a-service platform for smart manufacturing that operates at scale.

Industrial Automation Software Market Top Player's Company Profiles

  • Siemens AG
  • ABB Ltd.
  • Schneider Electric SE
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • General Electric Company
  • Rockwell Automation Inc.
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • Advantech Co. Ltd.
  • Fanuc Corporation
  • Omron Corporation
  • Bosch Rexroth AG
  • National Instruments Corporation
  • Aspen Technology Inc.
  • Dassault Systèmes SE
  • PTC Inc.
  • Schneider Electric Software LLC
  • Wonderware (Schneider Electric)
  • Endress+Hauser AG

Industrial Automation Software Market Recent Developments

  • ABB and SKF signed a Memorandum of Understanding (MoU) in July 2022 to investigate the potential for cooperation in the automation of industrial processes. The organizations' joint efforts will help clients raise their production efficiency by identifying and evaluating options to enhance manufacturing capabilities.
  • Schneider Electric released EcoStruxure Automation Expert version 22.0 in May 2022, expanding the functionality of its software-driven universal automation solution. The solution's intimate connection with AVEVA apps enables end-to-end digital continuity.

Industrial Automation Software Key Market Trends

  • Over the past ten years, the supervisory control and data acquisition (SCADA) software has grown quickly. The SCADA system enables end-user industrial staff to examine data and reach important judgments from a distance. As it analyzes, distributes, and displays the data on the human-machine interface, it also contributes to minimizing the problems with a prompt response (HMI).
  • SCADA systems typically work closely with both hardware and software elements. A computer's processing unit receives data from the hardware and processes it after receiving it for varied amounts of time. SCADA systems can either transmit events to a printer or record or log them into a folder on a hard drive.
  • The use of SCADA systems is crucial in a variety of industrial applications. Water and wastewater systems, electric generating, transmission, and distribution systems, as well as oil and gas systems, are just a few of the sectors that employ SCADA on a regular basis. For instance, SCADA is used in the oil and gas sector to track the flow and pressure of distribution pipelines, as well as well and pumping sites.

Industrial Automation Software Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global industrial automation software market analysis, the key factors propelling the growth of the global market are an increase in demand for automation for high-quality and reliable manufacturing, an increase in demand for mass production with lower operating costs, and the emergence of Industry 4.0 & enabling technologies. For companies in this market, the increasing automation-driven sectors in developing nations provide considerable potential prospects. However, high upfront cost will hamper market growth.

Report Metric Details
Market size value in various
Base year 2023
Segments covered
  • Product
    • manufacturing execution system (MES), distributed control system (DCS), supervisory control, data acquisition (SCADA), human machine interface (HMI), programmable logic controller (PLC), IT & software environment integration solutions, production process test systems, automated material handling systems, coordinated data management systems, automatic storage & retrieval systems
  • Deployment
    • on-premise, cloud-based
  • End use
    • oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Siemens AG
  • ABB Ltd.
  • Schneider Electric SE
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • General Electric Company
  • Rockwell Automation Inc.
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • Advantech Co. Ltd.
  • Fanuc Corporation
  • Omron Corporation
  • Bosch Rexroth AG
  • National Instruments Corporation
  • Aspen Technology Inc.
  • Dassault Systèmes SE
  • PTC Inc.
  • Schneider Electric Software LLC
  • Wonderware (Schneider Electric)
  • Endress+Hauser AG
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Industrial Automation Software Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Industrial Automation Software Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Industrial Automation Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Automation Software Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Automation Software Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Industrial Automation Software Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Numerous sectors have benefited from automation in various ways, including easier monitoring, reduced waste, and faster output. Automation provides clients more consistent, dependable goods that are delivered on time, at a significantly lower cost, and with higher quality.

There are few significant companies in the fairly competitive industrial automation software market. The major firms with a sizable market share are focusing on growing their consumer base internationally. To increase their market share and profitability, these companies are using strategic coordinated measures. 'Siemens AG', 'ABB Ltd.', 'Schneider Electric SE', 'Honeywell International Inc.', 'Mitsubishi Electric Corporation', 'General Electric Company', 'Rockwell Automation Inc.', 'Yokogawa Electric Corporation', 'Emerson Electric Co.', 'Advantech Co. Ltd.', 'Fanuc Corporation', 'Omron Corporation', 'Bosch Rexroth AG', 'National Instruments Corporation', 'Aspen Technology Inc.', 'Dassault Systèmes SE', 'PTC Inc.', 'Schneider Electric Software LLC', 'Wonderware (Schneider Electric)', 'Endress+Hauser AG'

Government backing and efforts, the strong need for industrial automation for mass production, and increased pressure to cut operating costs are all contributing to the growth of the automation software industry. Enterprise-level solutions and product lifecycle management are in great demand worldwide. Mass production enables businesses to create more with fewer employees. Manufacturers utilize machines to make items more quickly rather than employing several employees to accomplish a task manually. As a result, businesses may offer their goods for less money without losing money. The rising use of automation in manufacturing demonstrates how quick technological advances have eliminated the need for human intervention in the development, design, and assembly of a product's component parts. Damage control is far less likely since automated inspection and identification of parts reduce time and are less error-prone. Even though it necessitates a sizable investment, an automated system provides a very favorable return in terms of operational expenses over the long term. In the upcoming years, this is anticipated to fuel a need for industrial automation software.

Over the past ten years, the supervisory control and data acquisition (SCADA) software has grown quickly. The SCADA system enables end-user industrial staff to examine data and reach important judgments from a distance. As it analyzes, distributes, and displays the data on the human-machine interface, it also contributes to minimizing the problems with a prompt response (HMI).

Europe is likely to dominate the market during the forecast period. One of the most progressive fields in German mechanical engineering is the robotics and automation sector. Among the top R&A businesses in the world are German OEMs. The main advantages of a hub that accommodates robotics businesses from various market sectors are thought to be human-robot cooperation (HRC) and machine vision (MV) technology. There will be more uses for collaborative robots and traditional industrial robots as a result of technological advancements in artificial intelligence, including machine learning and deep learning.

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