South East Asia Industrial Automation Market to be Worth $17.7 Billion by 2030
Meticulous
Research®—a leading global market
research company, published a research report titled, 'South
East Asia Industrial Automation Market by Component
(Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode
of Automation, End User, and Geography - Forecast to 2030.’
According to this latest publication from
Meticulous Research®, the South East
Asia Industrial Automation Market is projected to reach $17.7 billion by 2030,
at a CAGR of 6.6% from 2023 to 2030.The growth of this market is driven by the
growing adoption of robots in the manufacturing sector, government initiatives
to promote industrial automation, and increasing investments in transforming
conventional production facilities. The growing number of SMEs and rising
demand for IIoT in South East Asia's manufacturing sector are expected to offer
significant growth opportunities for the stakeholders in the South East Asia
industrial automation market. The high initial investment may restrain the
market's growth. Furthermore, the limited availability of skilled labor and
cyber risks associated with automated systems are expected to challenge the
growth of the South East Asia industrial automation market.
The South East Asia industrial automation market
is segmented by component (enterprise-level controls, [product lifecycle
management {PLM}, enterprise resource planning {ERP}, manufacturing execution
systems {MES}], plant instrumentation [motors & drives, robot {articulated
robots, cartesian robots, selective compliance assembly robot arms (SCARA),
collaborative robots, other robots}, sensors, machine vision systems {cameras,
optics and LED lighting}, relays & switches, other plant instrumentation
components] and plant-level controls [supervisory control and data acquisition
{SCADA}, distributed control systems {DCS}, programmable logic controllers
{PLC}, and other plant-level controls]), mode of automation (semi-automatic
systems, fully-automatic systems), end user (oil & gas [upstream,
midstream, downstream], chemicals & materials, paper & pulp,
pharmaceuticals & biotech, mining & metals, food & beverage
[beverages & distilleries, dairy processing, bakery & confectionary,
meat, poultry, and seafood products, fruits & vegetables, oil & fats,
other F&B end users], power, consumer goods, automotive, machines &
tools, electronics & semiconductors, aerospace & defense, and other end
users). The study also evaluates industry competitors and analyzes the market
at the regional and country levels.
Download
Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis):
Scope of the Report:
South East Asia Industrial
Automation Market Assessment, by Component
·
Enterprise-level Controls
o
Product Lifecycle Management (PLM)
o
Enterprise Resource Planning (ERP)
o
Manufacturing Execution Systems (MES)
·
Plant Instrumentation
o
Motors & Drives
o
Robots
§ Articulated
Robots
§ Cartesian
Robots
§ Selective
Compliance Assembly Robot Arms (SCARA)
§ Collaborative
Robots
§ Other Robots
o
Sensors
o
Machine Vision Systems
§ Cameras
§ Optics and LED
Lighting
o
Relays & Switches
o
Other Plant Instrumentation Components
·
Plant-level Controls
o
Supervisory Control and Data Acquisition (SCADA)
o
Distributed Control Systems (DCS)
o
Programmable Logic Controllers (PLC)
o
Other Plant-level Controls
South East Asia Industrial
Automation Market Assessment, by Mode of
Automation
·
Semi-automatic Systems
·
Fully-automatic Systems
South East Asia Industrial
Automation Market Assessment, by End User
·
Oil & Gas
o
Upstream
o
Midstream
o
Downstream
·
Chemicals & Materials
·
Paper & Pulp
·
Pharmaceuticals & Biotech
·
Mining & Metals
·
Food & Beverage
o
Beverages & Distilleries
o
Dairy Processing
o
Bakery & Confectionary
o
Meat, Poultry, and Seafood Products
o
Fruits & Vegetables
o
Oil & Fats
o
Other F&B End Users
·
Power
·
Consumer Goods
·
Automotive
·
Machines & Tools
·
Electronics & Semiconductors
·
Aerospace & Defense
·
Other End Users
South East Asia Industrial
Automation Market Assessment, by Country/Region
·
Indonesia
·
Singapore
·
Thailand
·
Philippines
·
Malaysia
·
Vietnam
·
Rest of South East Asia
To gain
more insights into the market with a detailed table of content and figures,
click here: https://www.meticulousresearch.com/product/south-east-asia-industrial-automation-market-5585
Based
on component, the South East Asia
industrial automation market is segmented into plant instrumentation,
plant-level controls, and enterprise-level controls. In 2023, the
enterprise-level controls segment is expected to account for the largest share
of the South East Asia industrial automation market. The large market share of
this segment is attributed to the high adoption of PLM, ERP, and MES solutions
for streamlining the production & enterprise processes across the
manufacturing & industrial sectors, the increasing need to automate
industrial production with industrial automation software, the rising
popularity of connected industrial automation solutions, and the growing demand
to analyze productivity and efficiency in industries.
However, the plant-level controls segment is
projected to register the highest CAGR during the forecast period. The growth
of this segment is driven by the increasing need to improve the productivity of
manufacturing/industrial engineers across the industries, the growing need to
enhance supply chain operations, maintenance management, data collection, and
product configurations, increasing implementations of SCADA to control and
optimize industrial operations, and increasing deployments of HMI for
displaying data, tracking production time and trends, and monitoring machine
inputs and outputs.
Click here to Speak With Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5585
Based on
mode of automation, the South East
Asia industrial automation market is segmented into semi-automatic systems and
fully-automatic systems. In 2023, the semi-automatic systems segment is
expected to account for the largest share of the South East Asia industrial
automation market. The large market share of this segment is attributed to the
growing demand for semi-automatic systems for companies that emphasize
improving their manufacturing process but hesitate or cannot eliminate operator
assistance and growing technological advancements in semi-automatic systems.
However, the fully-automatic systems segment is
projected to register the highest CAGR during the forecast period. The growth
of this segment is driven by the growing need to increase industrial production
capabilities. Adopting fully-automatic systems helps companies increase their
throughput volumes by automating the feeding and assembly processes. The
companies adopting fully-automatic systems are usually large-scale companies
with automated equipment in their operating facilities and are exploring ways
to minimize long-term costs by reducing human labor.
Based on
end user, the South East Asia
industrial automation market is segmented into oil & gas, chemicals &
materials, paper & pulp, pharmaceuticals & biotech, mining &
metals, food & beverage, power, consumer goods, automotive, machines &
tools, semiconductors & electronics, aerospace & defense, and other end
users. In 2023, the oil & gas segment is expected to account for the
largest share of the South East Asia industrial automation market. The large
market share of this segment is attributed to the increasing implementation of
automation technologies to improve decision-making, troubleshooting, and
performance efficiency in oil & gas exploration activities. Major areas
highly influenced by automation in the oil & gas sector include drilling
operations, diagnostics & inspections, pipeline monitoring systems, weather
monitoring systems, and pressure & flow systems. Drilling accounts for one
of the major areas with automation due to its highest expensive process and
high safety risks. Pipe monitoring applications increasingly deploy automated
monitoring systems due to the increasing number of criminals attempting to
steal pipelines.
However, the automotive segment is projected to
register the highest CAGR during the forecast period. The growth of this
segment is driven by the increasing implementation of machine vision systems
and sensor technologies by automotive manufacturers, increasing utilization of
robotics for automotive body assembly automation, including streamlining
repetitive processes like welding, material handling, and assembling auto body
components, and intelligent automation for enhanced manufacturing flexibility.
Automotive manufacturers can save on labor costs and rework, improving quality
and repeatability with robotics, vision, and software integration.
Request Customization:
https://www.meticulousresearch.com/request-customization/cp_id=5585
Based on
country/region, the South East
Asia industrial automation market is segmented into Indonesia, Singapore,
Thailand, Philippines, Malaysia, Vietnam, and the Rest of South East Asia. In
2023, Singapore is expected to account for the largest share of the South East
Asia industrial automation market. Singapore’s major market share is attributed
to the rising opportunities for industrial automation in the manufacturing
sector, the growing presence of leading manufacturing companies to implement
industrial automation solutions, the growing economy, and rising investments in
Industry 4.0. Also, the increasing installation of industrial robots in
Singapore and the growing presence of automation machinery manufacturing
companies are improving the significance of the South East Asia industrial
automation market. Companies are exerting efforts to launch innovative programs
or focus on expansion across the country, which helps to promote the growth of
the industrial automation market in Singapore. For instance, in November 2022,
SAP SE (Germany) and HCL Technologies Ltd. (U.S.) launched a virtual startup
program focused on the Intelligent Enterprise at SAP.iO Foundry Singapore. Five
international startups have been selected by a jury of experts from SAP and
HCLTech to join the program. These startups are building innovative solutions
for companies in the following areas: Industry 4.0, sustainability, and the
metaverse. Further, in May 2021, Hexagon’s Manufacturing Intelligence division
(a business unit of Hexagon AB) (Sweden) opened its new smart factory innovation
Centre in Singapore. Hexagon’s flagship facility in South East Asia will offer
smart digital manufacturing technologies and autonomous, connected ecosystems.
This includes Hexagon’s latest advanced Computer Aided Engineering (CAE)
solutions for design engineering; Computer Aided Manufacturing (CAM) software
for production applications; precision metrology, superior sensors, automation,
Artificial Intelligence (AI), machine learning, data management, and analytics
solutions.
However, Indonesia is projected to register the
highest CAGR during the forecast period. The growth of this region is driven by
the reduced cost of automation systems, increasing investment by foreign
companies for industrial automation, increasing labor costs, and increasing
safety and hygiene requirements in the industrial sector. In May
2020, Hyundai Robotics Co., Ltd. (South Korea) signed a deal to supply 370
vehicle manufacturing robots to the Hyundai Motors Indonesian automotive plant
in Jakarta, Indonesia. Hyundai Robotics plans to supply vehicle manufacturing
robots and peripherals and proceed with the construction on a turnkey basis,
from installing to test driving and more in Hyundai Motors' new Indonesian
plant (Deltamas Industrial Complex) by 2022. Such development is expected to
support the growth of the market.
Key
Players
The key players operating in the South East Asia
industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation
Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider
Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany),
Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International
Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation
(Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and
General Electric Company (U.S.)
You can Buy Report
from Here: https://www.meticulousresearch.com/Checkout/82217997
Key
questions answered in the report-
· Which are the high-growth market segments in terms of component,
mode of automation, and end user?
· What is the historical market size for South East Asia industrial
automation across the globe?
· What are the market forecasts and estimates for 2023–2030?
· What are the major drivers, restraints, opportunities, and
challenges in the South East Asia industrial automation market?
· Who are the major players in the South East Asia industrial
automation market, and what are their market shares?
· How is the competitive landscape?
· What are the recent developments in the South East Asia industrial
automation market?
· What are the different strategies adopted by the major
players in the market?
· What are the geographic trends and high-growth countries?
· Who are the local emerging players in the South East Asia
industrial automation market, and how do they compete with other players?
Contact
Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments
Post a Comment