Reduce friction every step of the way
The future gets closer every time we interact with tech. Day by day, these interactions become more seamless, and technology becomes a bigger part of consumers' lifestyles, often without even realizing.
Such is the power of automation.
With an increasing adoption of IoT and digitalization in the manufacturing and production sectors, the Global Industrial Automation Market Size was valued at USD 191.9 billion on 2021. With reports expecting a CAGR of 9.8% reaching USD 395.1 billion by 2029*, the automation sector is worth the attention.
At Future Electronics, we have made automation an area of focus, promoting the tech that will help you anticipate the market and providing you with the insights you need to get a head start on the industry.
Start innovating for automation with support from our experts. Take a deep dive into our featured topics and lead the future of tech.
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Drones and Robotics | Intelligent Buildings | Point of Sale (POS) Automation | Industry 4.0
Focus technology segments
These are the current areas of focus to anticipate and innovate in the next wave of automation.
Point of Sale (POS) Automation
Smart tech that boosts business
The automation of tasks such as price lookups, inventory tracking, and transaction processing (among other POS tasks) can help reduce costs, improve efficiency, and increase accuracy, helping businesses save time and money while improving customer service. Through innovation, the integration of recent technologies, such as artificial intelligence (AI) and machine learning (ML), into POS systems can help businesses gain insights into customer behavior, preferences, and trends.
Drones and Robotics
Design smarter machines
New and improved devices such as sensors, imaging, and computing technologies will play a critical role in the quest for reliable automation for drones and robotics. Through automation, the drone and robotic sectors are set for a boost, increasing accuracy, reducing repetitive workloads and riskier tasks for human workers and consumers.
Intelligent Buildings
Spaces that make living in them easier
Advanced technologies such as sensors, automation, and data analytics will be key for the optimization of building operations, reducing energy consumption, and enhancing occupant comfort and safety. Intelligent buildings work through Building Automation Systems (BAS) that integrate various building systems, such as heating, ventilation, and air conditioning (HVAC), lighting, and security, into a single platform, allowing building managers to monitor and control these systems more efficiently.
Industry 4.0
Power the industry of tomorrow
The next step on industrial development. Industry 4.0 emphasizes the collaboration of humans and machines for greater efficiency, precision, and safety. With this upcoming phase, humans will be able to tackle more complex duties as machines handle repetitive and dangerous tasks. By driving innovation in this sector, automation technologies such as robotic process automation (RPA), artificial intelligence (AI), and the Internet of Things (IoT) can help manufacturers streamline their operations, reduce waste and downtime, and improve quality control. In addition, human skills will be focused on higher-level activities such as problem-solving, design, and innovation, leading to increased job satisfaction and more fulfilling work for employees.
This information is provided by Fortune Business Insights, in its report titled, Industrial Automation Market Forecast, 2024-2030.
*Source: Industrial Automation Market Size, Share & Growth Analysis, [2029] | With CAGR of 9.8% (yahoo.com).