Assembly Line Factory Automation Market Overview
The Assembly Line Factory Automation Market is forecast to reach $xx billion by 2025, growing at a CAGR of xx% in the period 2019-2025. The adoption of automation technologies by various industries, evolution of technological advancements, increasing demand for advancement in field of robotics are various factors driving the growth of Assembly Line Factory automation Market. Many of the companies had achieved wide range of Robotic systems armed with productivity resulting in high speed and precision performance in manufacturing various electric and mechanical based equipment boosting the growth of the market. Furthermore, developments in humanoid hardware are gaining traction as electronic component prices decline. To further explore the humanoid research field, the highly advanced humanoid mechatronic systems are combined with the rich and complex sensorimotor capabilities, which has made these robots apt for application in electronic design automation thereby boosting the market growth during the forecast period.
Report Coverage
The report: “Assembly Line Factory Automation Market – Forecast (2019-2025)”, by Industry ARC covers an in-depth analysis of the following segments of the Assembly Line Factory Automation Market.
By Types : Programable Automation,Fixed Automation ,Integrated Automation ,Flexible Automation
By Technology : Programable Automation Controller, Supervisory Control & Data Acquisition, Distributed Controlled System, Others.
By End User : Automotive, Manufacturing, Energy & Power, Others.
By Geography : North America,South America, Europe, APAC, RoW.
Key Takeaways
- Increased fascination towards robot assisted technologies due to enhanced industrial automation and precision is thereby propelling the growth of Assembly Line Factory Automation Market.
- Advent of highly advanced mechatronic systems coupled with rich and complex sensorimotor capabilities have resulted in growth of Assembly Line Factory Automation Market in diverse applications
- Assembly Line Factory Automation being predominantly deployed in industries due to efficiency, redundancy and others has propelled their demand in this vertical.
- APAC region dominated the deep UV lithography due to their demand in high precision applications and applications in industrial automation
Assembly Line Factory Automation Market Segment Analysis - By Types
Based on the types the Assembly Line Factory Automation Market is segmented into programmable automation, fixed automation, integrated automation and flexible automation. Programmable automation is producing products in form of batches through automation. Fixed automation is widely used in industries as compared to programmable automation owing to its higher production rates and product specialization. Fixed automation is carried out by high initial investments and high production rates. Integrated automations are dominating over the other owing to its improved operator effectiveness, streamlined systems engineering efforts and lower lifestyle costs. Furthermore, proper infrastructural architecture abstract processes are leading to the use of integrated automation in various technology, control strategy and business processes.
Assembly Line Factory Automation Market Segment Analysis - By Technology
By technology Assembly Line Factory Automation Market is segmented into programmable automation controller, supervisory control and data acquisition, Distributed Control Systems and others. Programmable automation controller (PAC) combines the functionality of programmable logic controller (PLC) with a processing capability of personal computer (PC). The PAC has various features like multi- domain functionality, an open modular architecture, compatibility with enterprise network and others which are making them widely used in various industries. By technology supervisory control and data acquisition are dominating the market among the others owing to its various advantages in industries over the others. The system provides facility to store large amount of data, it is fast in obtaining responses, high redundancy, flexible and others are fueling the growth of SCDAs in the market.
Assembly Line Factory Automation Market Segment Analysis - Geography
APAC is the leading field in the world market for Assembly line Factory automation Market. APAC is leading in assembly line factory automation owing to increasing adoption of adoption types and technologies along with technological innovations. In APAC region China is fueling the growth of the market. China due to its advanced technologies are developing smart factories for developing more advanced robots, wireless technologies , machine vision systems and sensors.
Europe is the second largest growing region after APAC region owing to its increasing demand for IoT solutions for its advanced automation processes in various automotive manufacturing and other industries.
Assembly Line Factory Automation Market Drivers
Growing adoption of automation technologies
There is increase in demand for minimal human assistance. There is huge rise in demand for automation in various industries to reduce human efforts along with efficient work. Advancement in various automation technologies include smart robots, IoT, and others are fueling the growth of the market. The requirement for fully open communications along with interchange standards are required and adopted in the advanced ways in various industries. There are many industries that are being leveraged to achieve integration, including web service standards. The advanced automation systems are merging with computer industries to enable digital factory concepts and increased production efficiency.
Performance benefits of automation technologies:
Automation technologies have various performance benefits that are useful for various industries. Greater throughput, high quality products, improved safety conditions, higher productivity, competitive edge are the various factors of automation technologies that are aiding the growth of the market. Industries using the robotic welding facilities high and quality of welds over and over again reducing the error factors and labor costs. Robots can replace humans in terms of precision, repeatability and output.
Assembly Line Factory Automation Market Challenges
Cost related related issues
The requirement of financial resources to adopt automation technology is a big challenge hindering the growth of the market. Robots that can perform various activities through arms, industrial hardware solutions, PLCs and other technologies need a huge amount of capital investments. The sensors and tools in the automation system are inseparable parts and aids to the high cost of the automation technology. Automation has a high initial cost as compared to wages. These factors are hindering the growth of the market.
Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the Assembly Line Factory Automation Market. The major players in the Assembly Line Factory Automation Market include Softbank Group, Adescor Inc., Adeptek Systems, Advanced Automation of california, Bluefrog Robotics, Toshiba, PAL Robotics, Boston Dynamics, UBTech Robotics, Hanson Robotics, Italian Institute of Technology, Inria and Engineered Arts Inc. among others.
Partnerships/Product Launches/Acquisition
- March 3, 2020- Boston Dynamics and Otto Motors unveiled a demo of future of warehouse automation. In the video released logistics robots can be seen picking boxes and building pallets.
- February 21, 2020- Softbank Group Corporation announced merger of Sprint Corporation and T-Mobile US, Inc. accelerating 5G innovation & increasing competition.
- November 19, 2019- Boston Dynamics announced construction partnerships with Holobuilder, Faro and Trimble.
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