The Industrial automation industry in India is on a trajectory of steady growth, fueled by factors such as increasing demand for productivity, efficiency, and quality across various manufacturing sectors.
With initiatives like "Make in India" and the adoption of Industry 4.0 technologies, there's been a notable push towards automation. The industry has witnessed investments in technologies like PLC (Programmable Logic Controller), SCADA (Supervisory Control and Data Acquisition), DCS (Distributed Control System), and MES (Manufacturing Execution Systems). This drive towards automation is expected to continue, driven by the need for competitiveness and the optimization of manufacturing processes.
The industrial robotics industry in India has been experiencing significant growth as well, driven by factors such as rising labor costs, the need for precision and consistency in manufacturing, and advancements in robotics technology.
Sectors like automotive, electronics, pharmaceuticals, and food processing have been leading in the adoption of industrial robots. Despite historically lower penetration rates compared to some other countries, India's industrial robotics market is steadily expanding, with increasing awareness and investments in automation solutions.
The industrial electronics industry in India is undergoing rapid evolution, spurred by technological advancements and growing demand across sectors like automotive, healthcare, telecommunications, and consumer electronics.
With the proliferation of smart devices, IoT (Internet of Things) solutions, and automation technologies, there's a heightened demand for electronic components, systems, and solutions. Domestic production of industrial electronics is growing, supported by government initiatives like the Production Linked Incentive (PLI) scheme. Additionally, India's role as a manufacturing hub for electronics is gaining prominence, attracting investments from both domestic and international players. This industry's future outlook appears promising, with continued innovation and expansion expected to drive further growth.