Industrial Automation Market Expected To Reach $233.94 Billion By 2028

This is revealed by the new report from Research and Markets. The market is expected to register an average annual growth rate of 7.6% from 2021 to 2028.

The new research report “Industrial Automation Market Forecast to 2028 – COVID-19 Impact and Global Analysis” from Research and Markets reveals that the industrial automation market will experience strong growth until 2028. At this date, it is expected to reach 233.94 billion dollars, with an average annual growth rate of 7.6%. Machine vision guided robotic solutions are expected to see a surge in demand, due to increased demand from food and beverage manufacturers: over the years, many benefits including improved traceability, efficiency increased power and great flexibility, have driven the need for automation in the food and beverage industry.

Despite this announced growth rate, the MEA (Middle East and Africa) region is expected to be affected by the disruption in the supply chain of robotics and related components. Demand for industrial automation solutions has weakened slightly since the start of the Covid-19 crisis in this region, resulting in lost revenue for manufacturers, distributors, integrators and service providers. However, the region exhibited a positive trend in the adoption of automation systems, due to government lockdown measures, which propelled the adoption of industrial automation solutions like robots, sensors and vision systems. machine from 2021.