Mexico's Factory Automation Market Expected to Reach $6.99 Billion by 2020

Research and Markets has announced the addition of the "Mexico Factory Automation and Machine Vision Market by Technology, Field Devices, Products, Components, Application - Global Forecast & Analysis to 2013 - 2020" report to their offering.

The factory automation market is projected to reach $6.99 Billion by 2020, from $4.61 Billion in the year 2013, with a CAGR of 6.18%. the major players in the market includes: as Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Process Management LLC (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France) and Honeywell International Inc (U.S.).

The proximity to the U.S. and Government of Mexico's impetus to increase manufacturing has pushed the factory Automation and machine vision market to new heights. These systems are now being used in the industries to make the standardized and reliable production activities. The automation in the production activities are offering advantages in cost-efficiency, waste reduction, speed production, ease in production monitoring and management, reduced feedback and action times, over the traditional manual processes. The various mechanical instruments and devices are coupled with the smart computing or IT systems for the better results in automation. The scope of the factory automation is not limited to the production floor, but it is extended to the overall business processes. The software systems like Enterprise Resource planning (ERP) are helping the mexico factory automation market to extend their service offerings. The maxico factory automation is indirectly offering customers better quality, standardized and reliable products within time and at affordable cost.

The main drivers for the factory automation and machine vision market in Mexico include, proximity to U.S. which is attracting major manufacturers to shift manufacturing base from China, and increased foreign direct investment is also aiding growth in the manufacturing segment. Increasing non vertical applications for machine vision equipment. In addition to this, technical factors such as increasing focus on energy saving and efficiency improvement, internet of things and services playing crucial role in integration of manufacturing and engineering.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Mexico Factory Automation Market

5 Mexico Machine Vision Systems Market

6 Mexican Factory Automaton Market By Vertical

7 Mexico Machine Vision Systems Market, By Vertical

8 Competitive Landscape For The Mexico Factory Automation And Machine Vision Market

9 Company Profiles

For more information visit http://www.researchandmarkets.com/research/nhzf48/mexico_factory

Source: http://www.researchandmarkets.com/

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