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The industrial automation market size in life sciences industry size is forecast to increase by USD 5.06 billion at a CAGR of 11.4% between 2023 and 2028. The market is driven by the imperative for enhanced efficiency, productivity, and cost reduction across various sectors including manufacturing, oil and gas, automotive, and pharmaceuticals. These industries recognize industrial automation as a pivotal tool to streamline operations and stay competitive in the global market. The advent of transformative technologies such as artificial intelligence (AI) and the Internet of Things (IoT) is poised to redefine the landscape even further, offering unprecedented opportunities for optimization and innovation. As demand grows for seamless integration, predictive maintenance, and real-time data analytics, industrial automation continues to be a cornerstone for driving operational excellence and unlocking new possibilities for businesses worldwide.
Market Forecast 2023-2027
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The industrial automation market in life sciences industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The onsite segment will account for a major share of the market's growth during the forecast period.?
The onsite segment was the largest segment and was valued at USD 3.65 billion in 2018. The onsite segment of the global market holds the highest share of the market segment by deployment. The key reason for accepting the onsite deployment model is that it offers better security than the cloud-based deployment model. The onsite segment uses the cloud-based deployment model. Data is stored on multiple servers, whereas in the onsite deployment model, data is stored on dedicated servers. This offers good control and security over information.
Moreover, in the onsite deployment model, data can be accessed only through dedicated client servers, whereas in the cloud-based deployment model, data can be accessed through multiple points. This makes the data stored on the cloud prone to security breaches. Large life science organizations that deal with critical research information prefer healthcare information software delivered onsite as they provide an optimum level of data security with physical access controls and security protocols. These factors are expected to drive the growth of the global market in life science industry during the forecast period.
The primary factor prompting the increasing use of DCS for effective process control is the stringent regulations governing the life sciences industry. As the adoption of technology is growing in the global life sciences industry, especially in the pharmaceutical sector, the development and integration of new systems and API products call for the effective deployment of DCS. For instance, SIMATIC PCS 7 from Siemens AG was specifically designed for the pharmaceutical and life sciences industry.
Further, the faults in the traditional systems lead to the demand is expected to grow for upgrades across legacy DCS as well as new capacity additions, and these factors are expected to propel the market forward during the forecast period. The entire DCS market is witnessing extensive product development, and this trend is expected to stimulate industrial automation market in life sciences industry demand during the forecast period.
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North America dominates the industrial automation market with a market share of over 39%. Technavio's analysts have elaborately explained the regional market trends and analysis, drivers, and challenges that are expected to shape the market during the forecast period. One of the most crucial factors for the growing adoption of the market is the provision of premium services to the growing aging population of North America. The rapidly increasing number of patients in the region is one of the prime drivers for the growing adoption of automation in a bid to de-stress the entire infrastructure of the life sciences industry.
Further, consumers have started asking for sophisticated healthcare systems and solutions, given high household incomes and the growing need for better-quality services. This evolution in consumer demand is essentially encouraging the region's life sciences sector to implement automation with its aim to provide greater convenience and patient experience. These factors will drive industrial automation market in life sciences industry growth in this region during the forecast period.
The market is witnessing a transformative growth, fueled by the integration of advanced technologies like augmented reality and cyber-physical systems. Semiconductor chips and IIoT facilitate seamless connectivity, while cloud computing enhances data processing capabilities. Wireless sensors and industrial I/O empower precise motion control and automation, supported by advanced control software and industrial PCs. Industrial monitors and web panels provide real-time insights into control systems, optimizing operations in the industrial sector. The advent of 5G wireless technology revolutionizes robotics and material handling, augmenting efficiency and safety. Networking architectures ensure seamless communication while turbocharging advancements drive performance. In essence, the industrial automation market in life sciences industry epitomizes innovation, reshaping processes and productivity in this vital sector.
An increasing number of people will likely access and adopt modern healthcare services globally during the forecast period, spurred by the twin-pronged effects of a rise in the aging population and disposable income. Further, with a growth in the issue of chronic diseases, people in need of medical assistance is increasing, and their numbers are expected to rise going forward. With demographics changing drastically, the entire infrastructure of the current life sciences industry is expected to come under extreme pressure, as the volume of care services and personnel required to cater to the growth in patient numbers will shoot up dramatically. Amid such a backdrop, automation in industry is foreseen as a must-have factor from the perspective of enhancing strategic business performance in the life sciences industry.
Therefore, the growing demand for healthcare services will lead to increased adoption of industrial automation across all life sciences industry verticals in a concerted endeavor to reduce human effort, achieve operational efficiencies, and improve overall service quality. As healthcare providers strive for increased efficiency and precision in manufacturing pharmaceuticals and medical devices, there will be a heightened need for advanced automation solutions to optimize production processes and meet rising demand, which will fuel the growth of industrial automation market in life sciences industry during the forecast period.
The open process automation (OPA) vision from the Open Process Automation Forum is expected to gain more traction during the forecast period which is one of the major market trends. This forum is one of the platforms through which key industry stakeholders are making concerted efforts to resolve the issue of interoperability.
Furthermore, Leveraging the OPA vision, this initiative aims to develop open-process commercial automation systems. In the long run, the OPA vision is expected to lower the cost factors, given the highly modularized and reusable components with a high interoperability factor, and reduce the level of training required to operate such systems. Therefore, increasing adoption of OPA will positively impact industrial automation in life sciences market growth and trends during the forecast period.
High-speed and high-bandwidth internet is required for the effective implementation, primarily for sending and accessing data across a cloud-based environment. Connectivity issues, power outages, and slow networks can cause system downtimes and hamper business productivity. These are major challenges in the effective implementation, especially in developing countries, as well as among SMEs and startups.
Moreover, as most of the systems used are legacy tools with data being generally stored in legacy formats, integration issues amplify when adopting industrial automation. For instance, the pharmaceutical supply chain is highly complex; it is strewn with different hardware and legacy systems, making data management and system integration across the supply chain very challenging. Even a single vulnerable system can become a security loophole and expose the entire network to cyber intruders. Therefore, the implementation of industrial automation in the life sciences industry is hampered by various infrastructural and system integration issues, which can negatively impact industrial automation in life sciences market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Our market research and growth report also have detailed analyses of the market's competitive landscape and offer information on 20 market companies, including ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH, Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., and Festo SE and Co. KG
Technavio's market growth and forecasting report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The industrial automation in life sciences market is experiencing a profound transformation, driven by cutting-edge technologies such as automation or control software and programmable logic controllers. Panel and industrial PCs alongside industrial web panels enable seamless monitoring and control, while digital twin and digitalization revolutionize processes. Industrial IoT and virtual capabilities enhance connectivity and efficiency, with cloud engineering and edge computing optimizing data management. Virtual reality and advanced analytics facilitate innovation, fostering digital transformation in the sector. Integration of human-machine interface and servo systems ensures precision, while robots and sensors enable automation and safety. From oil and gas to manufacturing verticals, Industrial Automation is reshaping industries, supported by cloud computing and semiconductors. This evolution extends to EV charger stations, driving sustainability in electric vehicle adoption.
In addition, virtual factory acceptance tests streamline production processes, while software-as-a-service models offer flexibility and scalability. Programmable logic controllers ensure precise control, complemented by laser markers for accurate identification and safety light curtains for enhanced workplace safety. Sensors such as photoelectric, laser, and inductive contribute to automation and monitoring, alongside motors like AC and DC for motion control. Industries like oil and gas, aerospace, and heavy engineering benefit from advanced automation solutions, leveraging technologies like machine learning and distributed control systems for optimization. Temperature, humidity, and torque sensors ensure quality control, catering to the diverse needs of the manufacturing vertical, including the emerging market for electric vehicle chargers.
Market Scope |
|
Report Coverage |
Details |
Page number |
100 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.4% |
Market Growth 2024-2028 |
USD 5.06 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.12 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Japan, Germany, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH, Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., and Festo SE and Co. KG |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period |
Customization purview |
If our industrial automation in life sciences market analysis and report do not include the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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