Market Size of India Industrial Automation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.12 Billion |
| Market Size (2029) | USD 29.43 Billion |
| CAGR (2024 - 2029) | 14.26 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Industrial Automation Market Analysis
The India Industrial Automation Market size is estimated at USD 15.12 billion in 2024, and is expected to reach USD 29.43 billion by 2029, growing at a CAGR of 14.26% during the forecast period (2024-2029).
Industrial automation refers to using control systems, like robots, computers, and information technologies, to handle several processes and machinery in an industry to replace human beings. It is the second step past mechanization in the scope of industrialization.
- The Industrial Internet of Things and Industry 4.0 is at the center of the latest technological approaches for the evolution, production, and management of the complete logistics chain, also known as smart factory automation, and are dominating the trends in the industrial sector with machinery and devices being connected via the internet.
- Labeling equipment is a crucial component for production lines in several industries. In addition to the basic structure, the machines also feature an automatic label feeder to keep track of label length and retrieve it as the product changes size. These features are beneficial in reducing downtime, increasing productivity, and reducing costs.
- Moreover, The adoption of automated equipment in the healthcare industry is expected to grow, owing to the growing manufacturing sectors in India. Major trends, such as the growth of private healthcare providers, the expansion of drug manufacturing companies, and the rollout of universal healthcare, are expected to shape the pharmaceutical industry in the future.
- The installation and acquisition cost of an automation system for an intelligent factory represents approximately half of the total cost during its lifetime. Further, the frequent changes in networking and technology result in substantial cost increases, which is more than the initial investment, further restraining the adoption of industrial automation in India
- The COVID-19 outbreak and lockdown restrictions worldwide severely affected industrial activities. The effects of the lockdown include labor shortages, disruptions in the supply chain, lack of availability of raw materials utilized in the manufacturing process, fluctuating prices that could force the production of the final product to increase and go beyond budget, shipping problems, etc.
India Industrial Automation Industry Segmentation
Industrial automation refers to the use of control systems, such as computers or robots, and information technologies for handling different processes and machinery in an industry to replace human beings. It is the second step beyond mechanization in the scope of industrialization.
India's Industrial Automation Market is Segmented by Type of Solution (Automated Material Handling Solutions (Hardware (Conveyor/Sortation Systems, Automated Storage and Retrieval Systems (AS/RS), Mobile Robots, and Automatic Identification and Data Capture (AIDC))) and Software - Warehouse Management Systems (WMS)/Warehouse Control Systems (WCS)), by Factory Automation Solutions (Industrial Control Systems DCS, SCADA, PLC, and HMI), Field Devices (Sensors and Transmitters, Electric AC Drives, Servo Motors, Computer Numerical Control (CNC) Machines, Inverters, and Industrial Robots), and Software (Manufacturing Execution System (MES) and Product Lifecycle Management (PLM) (Tools, Digital Manufacturing))), and by End User (Automated Material Handling Market (Manufacturing and Non-manufacturing (General Merchandise, Healthcare, and FMCG/Non-durable Goods)) and Factory Automation Market (Food and Beverage, Pharmaceutical, Automotive, Textiles, Power, Oil and Gas, Petrochemicals, and Fertilizers)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type of Solution | |||||||||||||||||||||||
| |||||||||||||||||||||||
|
| By End-user | ||||||||||
| ||||||||||
|
India Industrial Automation Market Size Summary
The Indian Industrial Automation Market is witnessing significant growth, as technologies like the Industrial Internet of Things and Industry 4.0 take center stage. These technologies are paving the way for the evolution, production, and management of the complete logistics chain, also known as smart factory automation. The market is also seeing increased use of automated equipment in the healthcare industry, driven by the growth of private healthcare providers and the expansion of drug manufacturing companies. However, the high installation and acquisition costs of automation systems, as well as frequent changes in networking and technology, are posing challenges to the market's growth. In terms of market trends, the Human-Machine Interface (HMI) is expected to witness growth. This technology, which connects a person to a machine, system, or device, is being increasingly used in various industrial organizations. It is particularly useful in manufacturing industries, where it helps monitor, control, and safeguard machines and operations. Another sector that is expected to contribute to the growth of the factory automation market is the automotive industry. The production facilities of various automakers are becoming increasingly automated to maintain accuracy and efficiency. The trend of replacing conventional vehicles with electric vehicles is further expected to boost demand in the automotive industry.
Explore MoreIndia Industrial Automation Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Attractiveness - Porter's Five Forces Analysis
-
1.2.1 Bargaining Power of Suppliers
-
1.2.2 Bargaining Power of Buyers
-
1.2.3 Threat of New Entrants
-
1.2.4 Threat of Substitutes
-
1.2.5 Intensity of Competitive Rivalry
-
-
1.3 Industry Value Chain Analysis
-
1.4 Assessment of the Impact of COVID-19 on the Industry
-
-
2. MARKET SEGMENTATION
-
2.1 By Type of Solution
-
2.1.1 Automated Material Handling Solutions
-
2.1.1.1 Hardware
-
2.1.1.1.1 Conveyor/Sortation Systems
-
2.1.1.1.2 Automated Storage and Retrieval System (AS/RS)
-
2.1.1.1.3 Mobile Robots (Automated Guided Vehicles and Autonomous Mobile Robots)
-
2.1.1.1.4 Automatic Identification and Data Capture (AIDC)
-
-
2.1.1.2 Software - Warehouse Management System (WMS)/ Warehouse Control System (WCS)
-
-
2.1.2 Factory Automation Solutions
-
2.1.2.1 Industrial Control Systems
-
2.1.2.1.1 DCS
-
2.1.2.1.2 SCADA
-
2.1.2.1.3 PLC
-
2.1.2.1.4 HMI
-
2.1.2.1.5 Other Control Systems
-
-
2.1.2.2 Field Devices
-
2.1.2.2.1 Sensors and Transmitters
-
2.1.2.2.2 Electric AC Drives
-
2.1.2.2.3 Servo Motors
-
2.1.2.2.4 Computer Numerical Control (CNC) Machines
-
2.1.2.2.5 Inverters
-
2.1.2.2.6 Industrial Robots
-
2.1.2.2.7 Other Factory Automation Solutions
-
-
2.1.2.3 Software
-
2.1.2.3.1 Manufacturing Execution System (MES)
-
2.1.2.3.2 Product Lifecycle Management (PLM)
-
2.1.2.3.3 Other Types
-
-
-
-
2.2 By End-user
-
2.2.1 Automated Material Handling Market
-
2.2.1.1 Manufacturing
-
2.2.1.2 Non-manufacturing
-
2.2.1.2.1 General Merchandise
-
2.2.1.2.2 Healthcare
-
2.2.1.2.3 FMCG/Non-durable Goods
-
2.2.1.2.4 Other End-Users
-
-
-
2.2.2 Factory Automation Market
-
2.2.2.1 Food and Beverage
-
2.2.2.2 Pharmaceutical
-
2.2.2.3 Automotive
-
2.2.2.4 Textiles
-
2.2.2.5 Power
-
2.2.2.6 Oil and Gas
-
2.2.2.7 Petrochemicals and Fertilizers
-
2.2.2.8 Other End-Users
-
-
-
India Industrial Automation Market Size FAQs
How big is the India Industrial Automation Market?
The India Industrial Automation Market size is expected to reach USD 15.12 billion in 2024 and grow at a CAGR of 14.26% to reach USD 29.43 billion by 2029.
What is the current India Industrial Automation Market size?
In 2024, the India Industrial Automation Market size is expected to reach USD 15.12 billion.
