The Role of Artificial Intelligence in Factory Automation: From Predictive Maintenance to Autonomous Systems

From 2023 to 2030, the Factory Automation Market is anticipated to develop at a CAGR of 8.7%, reaching a value of USD 558.8 billion by that time. The manufacturing sector is being transformed by a group of technologies known as Industry 4.0, commonly referred to as the fourth industrial revolution. These technologies include cloud computing, the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). Automation is becoming a more popular strategy for manufacturers to boost production and efficiency. Costs can be decreased, quality can be raised, and output can be increased through automation. The manufacturing sector is dealing with a variety of issues, such as a lack of qualified workers, heightened competition, and growing expenses. Manufacturers may overcome these issues and maintain their competitiveness with the use of automation.

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The Industrial Revolution, which saw the advent of modern manufacturing with the mechanization and automation of some processes, is where the origins of the factory Automation market can be found. However, it wasn't until the middle of the 20th century that computer-based automation systems started to be widely used. Industrial robots, programmable logic controllers (PLCs), and other automation technologies have become more popular as a result of developments in computing technology. The market developed over time to include more complex technologies, such as AI and IoT, which resulted in the creation of a strong ecosystem of manufacturers, technology suppliers, and integrators dedicated to providing complete automation solutions.

Rapid improvements in AI, machine learning, and data analytics have led to disruptive developments in the factory automation business in recent years. Industry 4.0 and other smart manufacturing concepts have grown in popularity as they emphasize real-time data interchange, networking, and intelligent decision-making throughout the production process. Cobots, or collaborative robots, have become a prominent trend, enabling people and robots to work together securely while increasing productivity and adaptability. Manufacturing companies are now able to examine and use massive amounts of data for predictive maintenance and process improvement because of the convergence of cloud computing and edge computing.
Top key players:
LegrandHoldingInc
ABBLtd
KontronInc
BaldorElectricCompany
SchneiderElectric
RockwellAutomation
BeckhoffAutomation
GeneralElectric
HoneywellInternational
MitsubishiElectricCorp
SICKAG
SiemensAG

The market overview, upstream, technology, and cost structure of the global Factory Automation market market are shown right away. The following section displays the global Factory Automation market market by main players, application, and type. It also includes an examination of the Factory Automation market industry rivalry structure based on market income, sales, and the Factory Automation market market by well-known main players. Also included are the Global Factory Automation market Industry Application Status, Industry SWOT Analysis, Market Demand Forecast, and an examination of the territorial market's Production and Sales, as well as a future supposition investigation. Finally, an evaluation of the Factory Automation market Market Investment, Market Features, Opportunity, and Calculation is included.
By Type
Relays&Switches
Sensors
Motors&Drives
MachineVision
Robotics
DCS&PLC
MES&ERP
SCADA&PLM
Others
By Application
Chemistry And Mining
Oil And Gas
Pharmaceutical And Biotechnology
Energy And Electricity
Automobile
Paper and Pulp
Packaging
Food and Beverage
Others

Region Outlook (Revenue, USD Billion; 2023- 2030)
North America: US, Canada, Mexico Europe: Germany, UK, France, Italy, Spain, Rest of Europe Asia Pacific: China, India, Japan, South Korea, Rest of Asia Pacific Latin America: Brazil and Rest of Latin America The Middle East and Africa: Saudi Arabia, UAE, South Africa, and Rest of the Middle East & Africa

Scope of the Report
1. The Factory Automation market market size section includes information on the market's historical growth, the impact of the Covid 19 virus, and anticipating its recovery.
2. The regional and nation breakdowns section examines the Factory Automation market market in each geography, as well as the size of the market in each geography, and compares historical and projected growth. It examines the impact of Covid 19 and the recovery path for all regions, developed countries, and emerging markets.
3. A description of the competitive state of the market, share prices, and a summary of the major organizations may be found in the global Factory Automation market market.
4. The section on trends and tactics examines the market's shape as it emerges from the crisis and provides ways for businesses to expand when the market recovers.
5. The report's Factory Automation market market section provides context. It compares the Factory Automation market market segments in terms of size and growth, both historical and projected.

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The goals of various areas in the Factory Automation market. The goal in North America is to boost manufacturing competitiveness by using automation to lower labor costs, improve product quality, and speed up production. Automation is used in European nations to accomplish eco-friendly production techniques and adhere to strict environmental regulations. Sustainable and energy-efficient manufacturing is given priority. With a concentration on high-tech industries like electronics and automotive, Asian economies, especially China and Japan, aspire to improve their manufacturing capacities through enhanced automation, robots, and AI.

The global Factory Automation market market report offers:
1. The most complete research on the Factory Automation market market, encompassing 12+ geographies, will provide you with a genuinely global view.
2. Recognize how the coronavirus is affecting the market and how it is expected to emerge and grow when the virus's impact fades.
3. Identify investment opportunities in growth segments.
4. Outperform competitors by utilizing forecast data as well as market drivers and trends.
5. Using the most recent Factory Automation market market research data, gain a better understanding of your clients.
6. For better strategizing, make use of the linkages between major data sets.
7. Within 3-5 working days of placing your order, your report will be updated with the most recent data and given to you.

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