Integrated Automation System Market Size, Share, Growth, and Industry Analysis by Type (Integrated Laser Processing System, Manufacturing Execution System (MES), and Others) By Application (Industry, Automation and Robotics, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Integrated Automation System Market REPORT OVERVIEW

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The global integrated automation system market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

A particular class of data center system known as integrated systems uses a pre-integrated stack to supply a mix of server, network, and shared storage devices. These systems take care of networking, storage, computation, and data center applications. Thanks to Integrated automation Systems, several storage, server, and networking vendors are now offering a range of services that can complement their data center operations, hence improving the infrastructure efficiency for highly virtualized environments.

The need for an integrated automation system is being driven by worries about safety and security. Safety and security are top priorities in sectors including energy and power, chemicals and petrochemicals, and oil and gas. Businesses in these sectors must strategically organize their operations in compliance with local laws and environmental regulations. Refineries for oil and gas are typically situated in difficult terrain. These industrial facilities need integrated automation systems to prevent mishaps and equipment breakdowns. Monitoring and analyzing this equipment and defects are made simpler by process automation. Additionally, an integrated automation system helps with the gathering of vital data and the creation of cost-cutting plans.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The first two quarters of 2020 saw significant revenue losses as a result of lockdown and travel restrictions. Important end-user industries became firmly reliant on integrated automation systems as a result of the COVID-19 pandemic, minimizing operational and other long-term economic effects. Manufacturers were forced to adjust automated procedures to prevent foreclosures as workforces were unable to perform as a result of government-issued lockdowns. Global market actors started automating their procedures on their own or through partnerships, up to a certain extent.

LATEST TRENDS

"Mergers and Acquisitions of Companies to Boost Market Growth"

Key industry companies are pursuing mergers and acquisitions to increase their market presence. Utilizing cloud technologies to combine business operations is the current integrated automation system market trend. Every business is ready to put its data on the cloud so it may have quick access and a centralized database. SaaS (Software as a Service) adoption is a well-liked developing trend since it enables users to access new services while only paying for those they really use, boosting productivity and efficiency.

Integrated Automation System Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Integrated Laser Processing System, Manufacturing Execution System (MES), and Others. Integrated Laser Processing System is expected to dominate the integrated automation system market share.

• By Application Analysis

Based on application, the market is segmented as follows: Industry, Automation and Robotics, and Others. The automation and Robotics segment leads the integrated automation system market share.

DRIVING FACTORS

"Digitalization and Advanced Technology to Facilitate Market Development"

Numerous opportunities are presented by Industry 4.0 and digitization. Industry 4.0 refers to the transition from physical systems that are connected to the internet to embedded systems. Cyber-physical Systems (CPS) need standard protocols in order to communicate with one another and analyze data to forecast failure. Industry 4.0 enables businesses to gather data quickly, easily, and effectively across numerous devices, enabling them to provide high-quality products at cheaper costs. Industry 4.0 advocates the use of cloud computing and the Internet of Things by promoting the CPS concept (IoT). Among the technologies included in Industry 4.0 include autonomous robotics, cyber security, the Industrial Internet of Things (IIoT), and augmented reality. These factors would encourage integrated automation system market growth.

"Growing Infrastructure and Economic Potential to Promote Industry Progress"

Growing infrastructure and economic potential as well as a rise in operational efficiency requirements Automation are anticipated to improve nations and businesses by ushering in a new stage of economic growth. It is anticipated to have a substantial impact on a variety of companies, shareholders, business strategies, and helpful government policies to encourage the adoption of integrated automation systems across industries globally. Due to increased knowledge of cloud computing platforms and advancements in semiconductor and electronic device technology, the integrated automation system market is anticipated to rise during the forecast period.

RESTRAINING FACTORS

"High Initial Cost Resistance to Hinder Market Growth"

Automation implementation and upkeep need a large financial investment. The high initial cost of process automation is a significant stepping stone. Large investments are required for the installation of supervisory systems like MES, advanced process control (APC), DCS, and SCADA as well as equipment including process analyzers, control valves, actuators, smart sensors, and communication networks. For instance, process analyzers, intelligent sensors, and actuators have high installation and maintenance costs, which raises the cost to customers. Despite the long-term advantages of automation, organizations are unable to completely implement it due to the hefty upfront expenditures. This restricts the integrated automation system market serving the process industry.

Integrated Automation System Market REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in North America"

North America is probably going to overtake Europe as the primary regional integrated automation system market due to technological advancements and Integrated Systems' high market penetration. Over the course of the forecast period, regional demand for integrated automation system products may increase due to the existence of Facebook and Amazon, which have successfully employed their architecture.

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Midwest Engineered Systems Inc. (U.S.)
• BetterBuilt (U.S.)
• OWT (U.S.)
• Smith and Long Ltd. (Canada)
• AEROTECH (U.S.)
• ABB (Switzerland)
• Creative Automation Inc. (U.S.)
• VARD AS (Norway)
• Integrated Automation Systems (India)
• Ulstein Group (Norway)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.