Indian automation market to grow at a CAGR of 5.2% 2016-21: Frost & Sullivan

By OEM Update Editorial January 15, 2018 5:24 pm IST

In FY 2016, the Indian automation market which includes DCS, PLC, HMI, SCADA, and Industrial Robots, was estimated at Rs 4,028 crore. This market is expected to grow at a CAGR of 5.2 per cent, 2016-2021, with industrial robots expected to grow at a slightly higher rate. Industry 4.0, will bring about an overall change in the Indian manufacturing eco-system, with more and more companies acquiring automation solutions within their manufacturing processes.

Supporting the technology-led movement in India, Messe Frankfurt Trade Fairs India organised Smart Industry Solutions India event from 13 – 15 December 2017, at Bombay Exhibition Centre in Mumbai. The launch edition of this technology-oriented platform featuring “Future Factory” unveiled a Humanoid DA-2 Robot by Sudhir Kadam from Silicon Valley, USA. Along with the unveiling, Kadam also addressed the audience on advanced robotics and automation with the topic centering around “Confluence of IIoT, Mixed Reality, AI and Robotics in Cyber Physical Systems for Factory Automation” making it a perfect fit with the theme of Future Factory.