Global Industrial and Factory Automation Market Analysis and Forecast (2013 – 2018) 08/03/2013 | Page 8

REPORT DESCRIPTION Industrial and specifically factory automation is the use of different control systems, software and other technologies for automation of the factory. The day to day technological advancements are helping the manufacturing process and other such tasks perform a lot faster and cost effective. The use of these technologies increases productivity, quality, almost negates wastage, faster interaction with different departments within the company and other such perks. The challenges for this market are reduced security and high installation and maintenance costs. The biggest market for this industry exists in china which is the primary hub of global manufacturing industry. China for example accounts for more than 60% of Siemens control systems manufacturing. The need for automation is due to growing need for better quality products with increased production rates and also to reduce the labor costs. The Industrial Automation Equipment and Services Market is slated to grow at 7.05% CAGR for the next five years. The market is estimated to reach $283.2bn by 2018. SAMPLE TABLE 1: Global Industrial Automation Market ($Bn), by Type (2013-18) Type 2013 2014 2016 2018 CAGR (%) 2013-2018 Control systems xx xx xx xx xx Sensors xx xx xx xx xx Instrumentation xx xx xx xx xx Software xx xx xx xx xx Others xx xx xx xx xx 155.5 xx xx 283.2 7.05 Total Source: IndustryARC Analysis Control systems have the largest market in factories with M2M interaction making the process completely automated. Software’s like ERP gives business management solutions, PAC aids with M2M interaction in control systems. Sensors help in differentiating, error control and production management. IndustryARC | 8