NEW
YORK, May 18, 2024 /PRNewswire/ -- The
global industrial automation market in life sciences
industry size is estimated to grow by USD 5.06 bn from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
11.4% during the forecast period.
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historic data (2018 - 2022) - Download
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Deployment (Onsite and
Decentralised), Product (DCS, SCADA, PLC, and MES), and Geography
(North America, Europe, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
ABB Ltd., Applied
Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH,
Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress
Hauser Group Services AG, Honeywell International Inc., Johnson
Controls International Plc, Mitsubishi Electric Corp., OMRON Corp.,
Parker Hannifin Corp., Rockwell Automation Inc., SAP SE, Schneider
Electric SE, Siemens AG, Yokogawa Electric Corp., and Festo SE and
Co. KG
|
Segment Overview
This industrial automation market in life sciences industry
report extensively covers market segmentation by
- Deployment
- 1.1 Onsite
- 1.2 Decentralised
- Product
- 2.1 DCS
- 2.2 SCADA
- 2.3 PLC
- 2.4 MES
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Onsite- In the industrial automation market
within the life sciences industry, deployment segmentation reveals
that onsite deployment holds the largest market share. This
preference is primarily due to the enhanced security features
offered by onsite deployment. In contrast to cloud-based
deployment, onsite models utilize dedicated servers for data
storage, providing greater control and security. Human-machine
interfaces, sensors such as photoelectric, laser, inductive, and
temperature, Programmable Logic Controllers, servos, lasers
markers, safety light curtains, robots, and various motor types
including AC and DC, are integral components in both deployment
models. Discrete automation and process automation applications in
the industrial sector, including robotics, automation,
manufacturing, material handling, and networking architectures,
benefit from these advanced technologies. The integration of cloud,
mobility, Internet of Things, and factory automation in the
automation sector further enhances the capabilities of these
systems. Cloud computing platforms, semiconductors, electronic
devices, automotive, aerospace, heavy engineering, machine
learning, and healthcare are among the verticals that leverage
these automation solutions.
3.1 North
America- The life sciences industry in North America is experiencing a significant
shift towards industrial automation, driven by the increasing
demand for premium healthcare services catering to an aging
population. This turbocharges the industrial sector with advanced
technologies such as Programmable Logic Controllers (PLCs), 5G
wireless technology, digital twin, digitalization, industrial IoT,
and virtual capabilities. Cloud engineering and
Software-as-a-service (SaaS) enable virtual reality and edge
computing, while artificial intelligence and advanced analytics
enhance the human-machine interface. Sensors, including
photoelectric, laser, inductive, and safety light curtain,
integrate with servo and AC/DC motors, lasers markers, and robots
to streamline manufacturing and material handling processes.
Networking architectures, cloud, mobility, and the Internet of
Things (IoT) facilitate factory automation, with cloud computing
platforms and semiconductors powering electronic devices in the
automotive and aerospace industries. These technological
advancements are transforming the automation sector, enabling
greater convenience, patient experience, and improved quality of
care.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Key Market Trends Fueling Growth
The industrial automation market in the life sciences sector is
experiencing significant growth, with open process automation (OPA)
gaining increasing attention. The Open Process Automation Forum is
driving industry efforts to address interoperability issues. In
2021, ExxonMobil collaborated with Yokogawa Electric Corp. To
establish an OPA testbed, integrating technologies such as
robotics, automation, networking architectures, cloud, mobility,
IoT, AI, and machine learning for evaluating industrial standards.
This collaboration supports the pharmaceutical sector and other
manufacturing verticals, including automotive, aerospace, and heavy
engineering.
Market Challenges
- The life sciences industry encounters significant challenges in
implementing industrial automation due to infrastructure and
integration issues. High-speed Internet is essential for
cloud-based automation, yet connectivity problems, power outages,
and slow networks can cause system downtimes, affecting
productivity. Developing countries and SMEs/startups are
particularly affected. In heterogeneous healthcare or
pharmaceutical environments, using various proprietary tools and
systems, integration issues can arise. Key technologies like IoT,
AI, 5G, digital twin, edge computing, and advanced analytics can
help mitigate these challenges, enabling digital transformation and
enhancing industrial efficiency.
Research report provides comprehensive data on impact of trend,
driver and challenges - Buy Report
Research Analysis
The Industrial Automation Market in the Life Sciences Industry
is experiencing significant growth due to the integration of
advanced technologies such as IoT, AI, and Augmented Reality.
Semiconductor chips play a crucial role in powering Cyber-physical
systems, including Industrial I/O, Motion Control, and Programmable
Logic Controllers. Industry 4.0 and IIoT are driving the adoption
of wireless sensors and Industrial Web Panels, enabling real-time
monitoring and control in manufacturing processes. Robotics and
automation are transforming material handling, while networking
architectures, including 5G wireless technology, ensure seamless
communication between control systems. Turbocharging these
advancements is the integration of Artificial Intelligence and
Machine Learning algorithms, enhancing the overall efficiency and
productivity of the industrial sector.
Market Research Overview
The Industrial Automation Market in the Life Sciences Industry
is experiencing significant growth due to the increasing demand for
efficient and accurate manufacturing processes. This sector
requires advanced automation solutions to ensure product quality,
regulatory compliance, and reduced time-to-market. Automation
technologies such as robotics, machine vision, and sensors play a
crucial role in automating various processes, including production,
quality control, and logistics. Additionally, the integration of
IoT and AI technologies is revolutionizing the industry by enabling
predictive maintenance, real-time monitoring, and data-driven
decision-making. The market is expected to continue its growth
trajectory, driven by the rising adoption of automation in R&D,
manufacturing, and supply chain management.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Deployment
-
- Product
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides 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
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio