Dublin, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The "Italian Industrial Automation Market: Analysis By Control System, By Component, By Distribution Channel, By Application Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.
The Italian industrial automation market is poised for a transformative growth spurt, with the latest industry analysis predicting a surge from US$7.37 billion in 2022 to US$13.46 billion by 2028.
This growth trajectory, expected to register a CAGR of approximately 11% from 2023 to 2028, is underpinned by the accelerated adoption of robotics, Industry 4.0 advancements, and the post-pandemic push towards operational resilience and innovation.
Forecasts suggest that segments such as Distributed Control Systems (DCS) and industrial robots will dominate the market. Sensors are currently leading amongst all components, signifying their pivotal role in smart manufacturing, while Industrial Robots manifest as the fastest-growing segment due to their efficiency in task automation. The robust expansion in these niche sectors reflects Italy's commitment to solidifying its position as a high-tech industrial leader.
Considering distribution channels, Original Equipment Manufacturers (OEMs) are the main conduit for industrial automation solutions, while system specialists are forecasted to be the fastest-growing channel. This pattern highlights the trend towards personalized and sophisticated industrial setups.
In terms of application, the mechanics sector is gaining momentum, with other industries such as packaging and food processing also experiencing significant automation uptake. The integration of robotics and computerized numerical control (CNC) systems is revolutionizing previously labor-intensive sectors, enhancing both precision and productivity.
Market Dynamics:
Several drivers facilitate the expansion of the Italian industrial automation market. Notably, a rise in industrial robot installations, increasing labor costs, and the adoption of Industry 4.0 technologies are significant contributors. Moreover, government incentives further catalyze the integration of advanced automation systems across various industries.
However, challenges such as high initial capital investments and a labor force requiring upskilling persist, potentially impeding market growth.
Emerging Trends:
Emerging trends are propelling the market, with the integration of AI in robotics, the inception of blockchain, and the proliferation of the Industrial Internet of Things (IIoT) taking center stage. The implementation of collaborative robotics, digital twin technologies, and the evolution of Human-Machine Interfaces (HMI) stand as indicators of a rapidly evolving industry.
The Italian industrial automation market's competitive landscape features key global players pushing the boundaries of innovation. Their strategic partnerships and comprehensive product offerings continue to set the stage for a renaissance in industrial automation, shaping Italy's industrial future.
The recent publication offers an in-depth exploration of the Italian industrial automation market, providing stakeholders, investors, and industry leaders with insightful analysis and actionable intelligence to navigate the landscape and capitalize on emerging opportunities.
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Industrial Automation: An Overview
2.2 Industrial Automation Segmentation: An Overview
3. Italian Market Analysis
3.1 Italian Industrial Automation Market: An Analysis
3.2 Italian Industrial Automation Market: Control System Analysis
3.3 Italian Industrial Automation Market: Component Analysis
3.4 Italian Industrial Automation Market: Distribution Channel Analysis
3.5 Italian Industrial Automation Market: Application Analysis
4. Impact of COVID-19
4.1 Impact of COVID-19 on Italian Industrial Automation Market
4.2 Post COVID-19 Impact on Italian Industrial Automation Market
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Installation of Industrial Robots
5.1.2 Increasing Labor Cost Index
5.1.3 Growing Gross Domestic Product
5.1.4 Increasing Adoption of Industry 4.0
5.1.5 Advent of 5G Subscription
5.1.6 Favorable Government Incentives
5.1.7 Increasing Demand for Efficiency and Productivity
5.2 Challenges
5.2.1 High Initial Capital Investment
5.2.2 Lack of Skilled Labor Force
5.2.3 Data Security Concern
5.3 Market Trends
5.3.1 Growing Impact of AI-driven Industrial Robotics
5.3.2 Growing Use of Blockchain for Supply Chain Management
5.3.3 Growing Industrial Internet of Things
5.3.4 Robotics and Collaborative Automation
5.3.5 Integration of Digital Twin Technology
5.3.6 Integration 0f Edge and Cloud Computing
5.3.7 Increasing Emphasis on Cybersecurity
5.3.8 Human Machine Interface Evolution
5.3.9 Increasing Demand for Sustainable and Clean Energy Solutions
6. Competitive Landscape
Companies Mentioned
- ABB Group
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Honeywell International Inc.
- General Electric Company
- Stellantis N.V. (Comau S.p.A.)
- Robert Bosch GmbH (Bosch Rexroth AG)
- Yokogawa Electric Corporation
- Festo
For more information about this report visit https://www.researchandmarkets.com/r/bph5az
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