Representative End User Clients
Representative Automation Clients
Representative Software Clients
Introduction
Annual
In this Insight, ARC Advisory Group includes the most recent quarterly results 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.
Q4
Financial results during calendar period from October 1 to December 31.
Growth for automation products market was in mid-single digits in Q4 2022 compared with the same quarter last year.
Most industrial companies experienced 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.
Suppliers Analyzed in Report
Executive Overview
Q4
Most automation suppliers are showing growth in this quarter.
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.
Some of the top growing suppliers, such as Aspen Technology, Emerson, Flowserve, Fortive, Hitachi, Parker Hannifin, Schneider Electric, Siemens, TechnipFMC, and Valmet witnessed double-digit revenue growth in Q4 2022, compared with the previous year.
Quarterly Market Trends
Q4
Trending technology trends include Artificial Intelligence (AI) and Machine Learning (ML), Robotic Process Automation (RPA), 3D Printing, and Edge Computing.
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.
Sustainability and environment friendly responsible business practices are driving growth.
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.
ABB
YoY Quarterly Trends
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