The Asia Pacific Industrial Automation And Control Systems Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
The quick pace of implementation of AI in industries is mainly owed to the increased accessibility to previous datasets that are needed for gauging performance and thereby improving it through the various AI-enabled systems. For instance, healthcare organizations and governmental organizations create unstructured data that is available to the field of research since data recovery and storage have become more affordable.
In addition, information scientists and academics are encouraged to innovate rapidly with the help of next-generation computing architectures, which have access to large datasets. Additionally, advancements in Artificial Neural Networks (ANN) and profound learning have accelerated the use of AI in a number of sectors, including aerospace, automotive, and manufacturing. This has facilitated the fast evolvement of AI solutions that are further increasing the demand for IACS for their management.
The Asia Pacific region is collectively ahead of the world regarding industrial robot density. According to the latest report of IFR, South Korea, Singapore, and Japan are the top three countries with the highest density of industrial robots. All industries related to computer peripherals and semiconductors are the primary users of industrial robotics and, by correlation, industrial automation in Singapore. Similarly, in South Korea, major manufacturers of motor vehicles, as well as batteries for electric cars, use automation and robots extensively.
The China market dominated the Asia Pacific Industrial Automation and Control Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $32,261.1 million by 2028. The Japan market is estimated to grow a CAGR of 9.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 11% during (2022 - 2028).
Based on Type, the market is segmented into Distributed Control Systems (DCS), Programmable Logic Controller (PLC), SCADA, and Others. Based on Component, the market is segmented into Sensors, Control Valves, Human Machine Interface (HMI), Industrial Robots, and Others. Based on Vertical, the market is segmented into Manufacturing, Oil & Gas, Healthcare, Chemical, Mining & Metal, Automotive, Food & Beverage, Energy & Utilities, Aerospace & Defense, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Industrial Automation And Control Systems Market is Projected to reach USD 301.8 Billion by 2028, at a CAGR of 10%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
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