BGL Industrials Insider – Automation Drives Investment in Industrial Technology, Mergers & Acquisitions
- Manufacturing and industrial environments experience the highest IoT project launches, while increased penetration has been seen in various verticals such as transport / mobility, energy, retail and healthcare. The Industrial IoT Platforms market is expected to grow at a CAGR of over 20% through 2023.
- Quiet Automation is expected to experience steady growth, driven by increasing adoptions and COVID-19-induced relocation activity that will boost domestic manufacturing.
- The robotics market is experiencing accelerated double-digit growth with industrial robotics (facility-based) expected to grow by around 12% per year over the next three years. Technological developments, including robots compatible with machine learning, greater connectivity and new business models, are expanding the adoption of robots.
Mergers and acquisitions continue to shape the digital transformation of factory production. Devices at the “edge” (for example, valves, sensors, drives, motors, robots and machine vision) and Linux-based software systems are among the automation market segments ripe for consolidation and likely to see increased acquisition activity in the coming months. .
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