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North America holds a significant share of the overall machine automation industry owing to the rapid adoption of the latest technology in the region. Moreover, the deployment of advanced technology such as robotics in major industries like automotive and food and beverages is increasing the demand for machine automation controllers, which is augmenting the market growth. The robust healthcare in countries such as the United States and Canada is further surging the deployment of machine automation controllers to prevent human errors while promoting automation. Meanwhile, the Asia Pacific region is witnessing robust growth owing to rapid industrialisation in countries such as India and China. In addition, the increasing use of technologies to boost production in various industries such as manufacturing and automotive is providing further impetus to the market for machine automation controller.
ABB Ltd. (NYSE: ABB), one of the leading companies in the machine automation controller industry, announced in July 2021 that it is expected to acquire ASTI Mobile Robotics Group (ASTI). The acquisition is projected to expand the company’s offering of automation and robotics to support its consumer for advanced flexible automation. This also makes the company the first in the industry to offer a portfolio of full automation services and machine automation controller. Moreover, the acquisition would enable the company to substitute linear production lines for flexible networks while finishing products between smart connected factories, workstations, and logistics centres, among others. It would further aid the company to develop advanced machine automation controllers for industrial applications, which is projected to drive the market growth in the forecast period.
Market Analysis by Controller Type, Form Factor, Industry, and Region:
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The major players in the global machine automation controller market are Mitsubishi Electric Corporation, ABB Ltd., Siemens AG, Emerson Electric Co., and Honeywell International Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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