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Industrial Automation and Instrumentation Market in India to grow by USD 1.92 bn |Simplification of Manufacturing through Automation to Drive Growth|17000+ Technavio ReportsNEW YORK, Jan. 10, 2022 /PRNewswire/ -- The industrial automation and instrumentation market share growth in India by the industrial automation segment will be significant for revenue generation. The industrial automation market in India is mainly driven by the business imperative to use resources efficiently, improve productivity, and optimize plant operations. Government regulations that seek to control carbon dioxide emissions by limiting power consumption and the need to minimize wastage of raw material are also driving this market. The industrial automation and instrumentation market in India is expected to grow by USD 1.92 billion from 2020 to 2025, progressing at a CAGR of 8.62% as per the latest market report by Technavio.
For more insights on the industrial automation and instrumentation market in India - Request a Free Sample Report Industrial Automation and Instrumentation Market in India: Driver & Challenge Simplification of manufacturing through automation to drive growth The key factor driving growth in the industrial automation and instrumentation market in India is the simplification of manufacturing through automation. Over the past years, automation in manufacturing has been transforming the factory floor and economics of many manufacturing sectors. Advancements in robotics, artificial intelligence, and machine learning are enabling machines to outperform humans in a range of work capabilities that require cognitive capabilities. Some of the advantages of automation manufacturing include an increase in labor productivity, low labor cost, elimination of routine work, high work safety, high product quality, and a decrease in lead time. As automated systems can easily adapt to operational changes, it reduces the time taken to collect data and increases the efficiency of the overall production process. Cybersecurity threats to hinder the market growth The cybersecurity threats will be a major challenge for the industrial automation and instrumentation market in India during the forecast period. The process and discrete industries are migrating toward complete automation by using smart manufacturing technologies. The adoption of IIoT and connected technologies have eased the operation process, but they have increased the risks of cybersecurity in operational processes. Hackers exploit confidential corporate information by attacking classified networks within organizations. Industries such as medical devices, consumer durables, and automotive industries' production processes are very sensitive. With the growing number of product patents and high volume of confidential data, it is becoming very difficult for discrete industrial operators to adopt automated devices and the Internet of Things (IoT) due to the looming threat of cyber-attacks. Cybercrime in India is rising due to loopholes and complications of new technological platforms, which is a threat to the industrial automation and instrumentation market in India. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The industrial automation and instrumentation market in India analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth. To know more about drivers & challenges - Request a Free Sample Research Report Industrial Automation And Instrumentation Market In India: Segmentation Analysis This market research report segments the industrial automation and instrumentation market in India by Product (Industrial automation and Industrial instrumentation) and End-user (Process industry and Discrete industry). To gain further insights on the market contribution of various segments - Download a Free sample report Some of the key topics covered in the report include: Market Drivers Market Challenges Market Trends Vendor Landscape
Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually! Related Reports: Industrial Automation Control Market -The industrial automation control market size is expected to reach a value of USD 25.14 billion, at a CAGR of 4.87%, during 2021-2025. Download a free sample now!
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research
SOURCE Technavio 
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