Representative End User Clients
Representative Automation Clients
Representative Software Clients
Introduction
Annual
In this Insight, ARC Advisory Group includes the most recent quarterly automation supplier financials for major automation suppliers that publicly report their results. To convert the revenues of non US suppliers to US dollars, we average exchange rates for foreign currencies used for the entire quarter.
With this latest automation supply side-market update, ARC has increased the number and breadth of automation suppliers covered, based on a combination of publicly reported data and ARC’s own extensive research database. We have also added selected business intelligence visualizations. Readers should contact their ARC client managers if they would like to gain additional access to this market intelligence as it applies to both regional and sector-specific supply side automation market trends.
Q1
Financial results during calendar period from January 1 to March 31.
Growth for automation products market was in double-digits in Q1 2023 compared with the same quarter last year.
Most industrial companies experienced a growth in this quarter.
Food and beverage, chemical, pharmaceuticals & biotech, buildings & infrastructure, semiconductor, machinery, and water & wastewater industries are some of the growth contributors in this quarter.
Industry 4.0 leads toward smart manufacturing and remote monitoring of plant operations.
The future of manufacturing is digital, and adoption of AI can lead to an increase in productivity.
Energy efficient automation technologies can optimize energy usage by reducing operational costs and environmental impact.
Integration of digital technologies in manufacturing drives the adoption of automation to create connected, data-driven smart factories.
Overview
Suppliers Analyzed in Report
Executive Summary
Q1
Most automation suppliers are showing growth in this quarter.
Continuous advancements in automation technologies, including AI, machine learning, robotics, and IoT, drive innovation and open up new possibilities for automation across industries.
As supply chains become more complex and globalized, automation helps manage inventory, logistics, and other supply chain activities efficiently.
Increased investment in 5G networks has helped electronics and semiconductor industries to grow.
Green energy and sustainability will drive the automotive industry with a major demand for electric vehicles from both developed and developing nations.
Demand for electric vehicles also leads to automotive industry growth.
Smart automation and AI will continue to reshape machine builders to be more innovative.
Q1
Sustainability and environment friendly responsible business practices are driving growth.
Trending technology trends include Artificial Intelligence (AI) and Machine Learning (ML), Robotic Process Automation (RPA), 3D Printing, Edge Computing, Autonomous Vehicles and Drones, Supply Chain and Logistics Automation.
The implementation of robotics and automation in the food processing, packaging, and retail sectors provides improved safety, quality, and profitability by optimizing process monitoring and control.
In industries like logistics and delivery, autonomous vehicles and drones are being used to optimize routes, reduce costs, and increase speed and accuracy.
The deployment of digital technologies, especially when it comes to new business models and remote maintenance & monitoring are becoming popular in automating plants and processes.
Megatrends such as urbanization, a rising middle class, and an aging society are helping the automation market to grow. Industrial IoT and digitalization are the key factors that help boost the growth of the automation market.
Increased focus on cybersecurity: As automation technology becomes more prevalent, ensuring the security and safety of these systems becomes more important.
Technologies like autonomous robots, RFID tracking, and predictive analytics are being used to optimize inventory management, order fulfillment, and distribution.
Smart manufacturing is transforming traditional manufacturing into more flexible, efficient, and data-driven operations.
ABB
ARC Advisory Group clients can view the complete report at the ARC Client Portal.
Please Contact Us if you would like to speak with the author.
Obtain more ARC In-depth Research at Market Analysis