MarketsandMarkets released a new market research report titled ‘Industrial Controls (SCADA, PLC, DCS) and Factory Automation (Field Devices, MES, ERP) Market : Global Forecast and Analysis (2011 - 2016)’.
According to the research forecast, at a CAGR of 7.58% between 2011 and 2016, the factory automation market will reach $185.0 B by 2016.
The increased growth rate in Asia-Pacific is due to the rising production activities witnessed in this area as well as increased population, lucrative government policies and low labor costs. Despite its lower levels of plant automation, China is the major driving force for automation in Asia. However, India is also making attempts to achieve global factory automation market shares.
Automation has been sub-divided into IT systems, robotics, manufacturing execution systems (MES), and control systems. These subsets are the main reason for the reduction of human interaction in the process. This will subsequently lead to minimizing labor and production costs, and maximizing production output or throughput.
The other general industry terms supporting the aspects of automation capabilities and components can be listed as distributed control systems (DSC), conveyance systems, human machine interface that enables human supervision and system operator, SCADA, programmable logic controllers (PLC) and conveyor belts. High precision, advantages in handling, minimal human labor costs, and reduction of human risks and protected exposure to production hazards are the significant features of robotic arms included in robotics, which makes it an important component of factory automation.
Source: http://www.marketsandmarkets.com/