While traditionally the automation industry has not been on the cutting edge of technology, it has done a good job of co-opting widespread innovations in mainstream markets and using these developments for internal growth.
The industry has expanded significantly in recent years because of technologies like programmable logic controllers (PLCs) and distributed control systems (DCSs). These have helped reduce production cycle times and manufacturing costs and improved the overall efficiency of the manufacturing industry. Over the next few years, this industry is poised for significant growth, largely due to further technological innovations in areas such as M2M networking, nanoscale assembly systems, nanotechnology, and robotics.
Technavio’s industrial automation research is aimed at delivering in-depth insights on the market, with a focus on up-and-coming innovations in this space.