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The development prospect of automation industry

The development prospect of automation industry

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The globalization of economy has intensified the market competition, and the intelligent, flexible and unmanned manufacturing industry has become a development trend, and the industrial automation industry has gained a broad space for development. In recent years, Germany has put forward the "Industry 4.0" plan, the United States has put forward the "National Manufacturing Innovation Network", Japan has put forward the "Innovative Industrial Structure Plan", and China has also put forward the "Made in China 2025" development plan. Their common ground is to make full use of the Internet of things, 5G communications, robots, artificial intelligence and other technical means to improve the intelligent and unmanned degree of manufacturing. Industrial automation products are an important premise and guarantee for modern factories to achieve scale, high efficiency, precision, intelligence and safe production. They are widely used and have a good development prospect.

According to the Research data of Zion Market Research, the global industrial automation Market has reached 207.17 billion dollars in 2017. Due to the gradual maturity and commercial application of the Internet of Things, 5G technology and artificial intelligence technology, The global industrial automation market is expected to reach us $321.93 billion by 2024, with a compound annual growth rate of about 6.5%. The market for industrial automation services reached $42.1 billion in 2018 And is expected to reach $70.6 billion by 2024, with a compound annual growth rate of about 9%, according to Research And Markets. At present, the world's major industrial automation industry manufacturers include ABB, Siemens, General Electric, Schneider, Yaskawa, FANUC, Mitsubishi, Fuji Electric and so on. As an important part of high-end equipment, industrial automation control system is an important prerequisite and guarantee for modern industrial production to achieve scale, efficiency, precision, intelligence and safety.

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