Press release
Pharmaceutical Automation Market Projected to Reach $25.11 Billion by 2031
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Market Growth Drivers
The report identifies several key factors propelling the growth of the pharmaceutical automation market:
Adoption of Robotics in Manufacturing: The increasing integration of robotic systems in pharmaceutical manufacturing is significantly enhancing operational efficiency, quality control, and productivity.
Government Support for Industrial Automation: Governments worldwide are launching initiatives to promote the adoption of automation technologies, further bolstering market growth.
Demand for Energy-Efficient Systems: With the rising need for sustainable practices, energy-efficient automation systems are gaining traction in the pharmaceutical sector.
Despite these positive trends, the report notes that the high capital expenditure (CAPEX) required for automation implementation could act as a restraint on market growth.
Emerging Opportunities and Challenges
The pharmaceutical automation market is poised for significant opportunities, particularly with the growing demand for the Industrial Internet of Things (IIoT) in pharmaceutical manufacturing. IIoT is expected to revolutionize the industry by enabling real-time monitoring, predictive maintenance, and enhanced data analytics.
However, the market faces challenges, including the scarcity of skilled professionals to operate and maintain automated systems, as well as cybersecurity risks associated with these technologies.
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Market Segmentation Insights
Offering Segment: The market is segmented into solutions and services, with the solutions segment anticipated to dominate, holding 87.5% of the market share in 2024. The demand for automation solutions is driven by the need for high-quality, reliable manufacturing processes, real-time monitoring, and predictive maintenance capabilities.
Mode of Automation: Semi-automatic systems are expected to lead, accounting for 57.4% of the market share in 2024, due to their energy efficiency, cost-effectiveness, and lower initial investment requirements. However, fully automatic systems are projected to grow at a faster pace during the forecast period.
End-Use Industry: The pharmaceutical industry segment is forecasted to hold the largest share, at 61.7%, in 2024. This growth is fueled by the increasing use of advanced technologies such as AI, robotics, and machine vision in pharmaceutical manufacturing. The biotech industry is also expected to witness substantial growth, driven by the demand for innovative automation solutions.
Geographical Market Analysis
Europe is projected to lead the global pharmaceutical automation market, accounting for 32.9% of the total market share in 2024. The region's growth is attributed to its thriving pharmaceutical manufacturing sector, widespread adoption of automation technologies, and government initiatives to accelerate Industry 4.0. However, Asia-Pacific is expected to be the fastest-growing region, with a CAGR of 11.8% during the forecast period, driven by rapid industrialization, technological advancements, and increasing government support for automation in the region.
Leading Industry Players
Key players driving the pharmaceutical automation market include Siemens AG (Germany), Emerson Electric (U.S.), Mitsubishi Electric Corporation (Japan), ABB Ltd (Switzerland), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), KUKA AG (Germany), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), YASKAWA Electric Corporation (Japan), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), and Fuji Electric Co., Ltd. (Japan).
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