Industrial automation market analysis

According to a recent market analysis, the industrial automation market size was estimated to be worth 47.5 billion dollars in 2021, and is predicted to be worth 76.4 billion dollars by the end of 2027. By 2024, the worldwide smart factory market is predicted to reach 388.68 billion dollars, providing insight into the breadth of adoption for automation across industrial end-user sectors.

Industry 4.0, the most recent industrial revolution, has fostered the development of new technologies such as collaborative automation, allowing businesses to optimize operations, boost productivity, and minimize errors. This is due to rising labor costs, which are prompting industrial firms to automate their production processes in order to maintain their cost advantage.

Contact Robotiquality to inquire as to how our talented engineers can help you in joining Industry 4.0 in order to make full use of these emerging technologies to bring your products to market as efficiently as possible.