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

January 15, 2018 5:24 pm

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.

The organisers have also confirmed a line-up of sector experts like Siemens Ltd, BCIL, Pepperl n Fuchs Pvt Ltd, Pilz India Pvt Ltd, Bettinelli Automation Components Pvt Ltd and Murrelektronik Pvt Ltd who were on board along with other leading companies like, Micon Automation Systems Pvt Ltd, S.I Systems, Shihlin Electric, Dynotech Instruments Pvt Ltd, Imaginon Tech Ventures Pvt Ltd, Renishaw Metrology, Samwon Tech Co Ltd, Siboni SRL, Trimos India Pvt Ltd, Vero India Software Pvt Ltd and Wika Instruments India Pvt Ltd. Bosch, Oracle and Cisco were also on the advisory board of this exhibition on “Future Factory” pavilion and brought their latest advancements to the fair. Besides, Frost & Sullivan launched an exclusive whitepaper focused on the future of factories.

Use of robotics in the manufacturing sector in India has been steadily growing. Robots have been playing integral roles in some day to day activities like River Cleaning, Construction, car manufacturing, Defence, etc. Indian markets are competing globally for automation is need of the time. As per the current scenario, manufacturing the required components within the country rather than importing them will drastically bring down the costs and promote the whole ‘Make in India’ ideology.  “As per the World Industrial Robotics Report 2017 by International Federation of Robotics, sale of robots in India increased by 27 per cent in 2016. This is expected to triple by 2020 with a compound annual growth rate of 26 per cent. We are hoping that combined efforts of the government, the industrial sector and various training institutes, industrial robotics can grow in India steadily and put the country on a fast track to unprecedented progress and development,” said Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holding Ltd.