Modular Automation Market Expansion: $4.8 Billion in 2024 to $7.0 Billion by 2029

Predicted to be valued USD 4.8 billion in 2024, the Modular Automation Market is expected to develop at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2029, when it is expected to reach USD 7.0 billion.

Pune, 01/07/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The report "Modular Automation Market by Type (Modular Type Packages, Modular DCS), Mobility (Semi-automatic, Fully Automatic), Component (Robot Controllers, I/O Modules, Drives & Motors, Sensors & Actuators, Safety), End-user Industry - Global Forecast to 2029" highlights the market's significant growth potential, projecting an increase from USD 4.8 billion in 2024 to USD 7.0 billion by 2029, at a CAGR of 7.9%. This growth is fueled by the rising demand for flexible manufacturing processes that offer cost efficiency and the ability to swiftly adapt to changing production requirements. Technological advancements and the push for Industry 4.0 integration are further accelerating the adoption of modular automation solutions. By leveraging these innovations, industries can enhance operational efficiency, reduce downtime, and improve overall productivity, making modular automation an essential component of modern manufacturing strategies.

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Modular automation in North America holds the second highest market.

During the forecast period, North America is expected to hold the second-highest market share in the modular automation industry. This region's strong industrial base, advanced technological infrastructure, and substantial investments in research and development contribute to this prominence. Key industries such as automotive, pharmaceuticals, chemicals, food and beverage, and electronics are increasingly adopting modular automation solutions to enhance efficiency, reduce operational costs, and maintain competitive advantages. The push towards Industry 4.0, coupled with the need for flexible and adaptive manufacturing processes, drives the adoption of modular automation in North America, making it a critical player in the global market.

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Modular Distributed Control Systems by Mobility to grow at the highest CAGR.

Modular Distributed Control Systems (DCS) by mobility are projected to grow at the highest CAGR during the forecast period. These systems provide advanced capabilities for managing and controlling complex industrial processes with enhanced flexibility and scalability. By decentralizing control functions and distributing them across various modules, modular DCS can be tailored to specific application needs, significantly improving system reliability and efficiency. This modular approach allows for easier upgrades and expansions, ensuring that industrial operations can quickly adapt to changing requirements and technological advancements. The ability to customize and optimize control systems for diverse industrial applications makes modular DCS an increasingly attractive solution for industries aiming to boost operational performance and maintain a competitive edge.

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Robot Controllers for Hardware, by type to hold the highest market share during the forecast period.

Robot controllers are essential for the precise operation and coordination of robotic systems, enabling tasks ranging from simple automation to complex, multi-axis movements. These controllers provide critical functionalities such as real-time processing, motion control, and seamless integration with other automation components, ensuring optimal efficiency. The growing adoption of robotics across various industries such as manufacturing, healthcare, and logistics is driving the demand for advanced robot controllers. As companies strive for higher efficiency, productivity, and flexibility in their operations, the market for robot controllers is set to expand significantly. This growth secures their position as the leading hardware type in modular automation, underlining their importance in the evolving landscape of industrial automation and smart manufacturing.

Key Players

The Modular Automation Market includes significant Tier I and II players like ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), HIMA (Germany), and others. These players have a strong market presence in various North American, European, Asia Pacific, and RoW countries.

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