Process automation solution is the use of solution specifically designed for control of robotics in a factory or plant. Such software is used to automate tasks that were originally done by people. The use of robotics automation in manufacturing has both advantages and disadvantages when compared to special-purpose machinery. For short manufacturing runs, the more expensive and slower automated robots are the preferred choice. They can be quickly adapted to nearly any task, and then cheaply re-adapted later for future work. For long mass manufacturing runs, highly custom one-off machinery is preferred as these are designed and highly optimized to perform a specific task at the lowest per-unit cost.
This report contains market size and forecasts of IoT Process Automation Solutions in Global, including the following market information:
Global IoT Process Automation Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global IoT Process Automation Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Custom Process Automation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of IoT Process Automation Solutions include Emerson Electric, Honeywell International, Rockwell Automation, Siemens, Applied Materials, ABB, Cognex Corporation, Tata Motors and Teradyne, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the IoT Process Automation Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IoT Process Automation Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global IoT Process Automation Solutions Market Segment Percentages, by Type, 2021 (%)
Custom Process Automation
Universal Process Automation
Global IoT Process Automation Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global IoT Process Automation Solutions Market Segment Percentages, by Application, 2021 (%)
Aerospace
Electronics and Semiconductors
Auto Industry
Others
Global IoT Process Automation Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global IoT Process Automation Solutions Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IoT Process Automation Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies IoT Process Automation Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Emerson Electric
Honeywell International
Rockwell Automation
Siemens
Applied Materials
ABB
Cognex Corporation
Tata Motors
Teradyne
National Instruments
Fiat Chrysler Automobiles
Nuance Communications
MKS Instruments
Brooks Automation
Plexus
FANUC
B+M Surface Systems
Pentair
Kuka
Hollysys Automation Technologies