The Indian Industrial Automation Market size was valued at USD 5 Billion in 2018. It is
further expected to grow at a CAGR of 12% during 2017-2023. Rapid adoption of digital
technologies, reduced production cost, the need to remain competitive and the need for
improved quality and reliability are expected to drive this market further.
The market is segmented by three automation types, namely Process automation, Factory
automation and Electric automation. Several Indian companies are upgrading their existing
automation technologies to reduce the production time and promote safety and efficiency in
the manufacturing or processing units.
Factory Automation becomes more and more important for competitiveness of companies. Recent
developments in factory optimization have forced the need to adapt machinery and other
processes to make manufacturing more effective. Industrial Automation sector is opening up
many opportunities for technology companies that are innovative and can cater to automotive
or agricultural companies.
The number of robot installations has been growing rapidly for several years now. Between
2013 and 2018, India saw a compound annual growth rate of 20%.
Today, the automotive industry is the largest adopter of Automation and Robotic solutions in
India. The automotive industry remains the largest customer industry by far, with a share of
44% of total installations for industrial Robots. We are also seeing segments including food
and beverage, consumer packaged goods, electronics and the logistics industry starting to
adopt Automation and Robotics at a much faster pace. India’s growing middle-class population
is fuelling new consumption patterns, such as a shift towards packaged food for example and
this is creating a need for flexible Automation and Robotic solutions in these new segments.