Research and Markets’ new report, “Global Automation Market in Automotive Industry 2016-2020”, forecasts that the global automation market in the automotive industry will grow at a CAGR of 8.62 percent during the period 2016-2020.
The automotive industry has great scope for automation solutions because the dynamic nature of consumer demand requires improved safety standards in vehicles and the use of advanced technologies such as connected and automated cars.
The growth of automation solutions in the automotive industry will be driven by the expansion of plant capacity in countries such as the US, China, Germany, Italy, and Mexico. Moreover, the concept of smart factories and the use of predictive analytics are helping tap emerging market requirements and power the growth of automation in the automotive industry.
The report recognizes the following companies as the key players in the Global Automation Market in Automotive Industry: ABB, Rockwell Automation, Schneider Electric, Siemens and Mitsubishi Electric.
Other Prominent vendors in the market are: Adept Technology, Applied Material, Apriso, Aspen Technologies, Aurotek, Axium, Camstar Systems, Control Systems International, Daihen, Denso Wave, Ellison Technologies, Emerson Electric, Eyelite, Fanuc, General Electric, Invensys, Kawasaki Robotics, Kuka, Metso, Miracom, Mitsubishi Electric, Mitsubishi Heavy Industries, Nachi Fujikoshi, Omron, SAP, Toshiba International, Werum Software & Systems, Yaskawa Electric, and Yokogawa Electric.
Commenting on the report, an analyst from the research team said: “Growing availability of wireless sensor networking solutions in SCADA-based industrial control systems may boost market growth during the forecast period. Wireless sensor networking systems help enterprises overcome inflexible and centralized architecture of SCADA systems. The use of such technology enables the deployment of sensors in SCADA-based industrial control systems through wireless networking access.”
According to the report, the growth and strength of an organization depends on productivity. The use of automation solutions makes processes fast and responsive, and prevents plant failure. DCS solutions distribute controls of a plant across the organization. Thus, the failure of one control system does not affect other control systems.
Further, the report states that intense competition among the top players is leading to price wars in the market. Vendors have low product differentiation and the line separating between DCS and PLC is unclear and the same goes for SCADA and MES. This has led to a steady decline in the prices of products.
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