Semiconductor and Electronic Survey

The   Machine Automation Controller Market   grew significantly, with a predicted value of USD 41.5 billion by 2024, up from USD 33.7 billion in 2019, showing a Compound Annual Growth Rate (CAGR) of 4.3% from 2019 to 2024. This increase is being driven by a number of significant factors. Notably, there is a growing focus on reducing operating costs, which has prompted a number of businesses to employ automation tools to speed up procedures. The need for machine automation controllers has also been pushed by the necessity to increase productivity in the process industry. The rising use of robots in the manufacturing industry has also been welcomed, which has further fueled this market's expansion.  Given these factors, the Machine Automation Controller Market has shown a continuous upward trend. In this growth path, the integration of automation technologies, operational efficiency, and the convergence of cost reduction initiatives are acting as significant drivers. Busine...

The Machine Automation Controller Market is estimated to be worth USD 33.7 billion in 2019 and is expected to reach USD 41.5 billion by 2024, at a CAGR of 4.3% during 2019–2024. The major factors fueling the growth of the   Machine Automation Controller Market   include rising focus on reducing overall operational cost, increasing need to drive productivity in process industry, and growing use of robots in manufacturing sector. “DCS to lead the market by 2019” DCS offers centralized control of plant operation allowing flexible monitoring, control, and reporting of individual components operating on the production floor. Moreover, the unique ability of DCS to manage highly complex processes of automation makes it an ideal solution for companies with large production setup. The installation of DCS in the process industry enables companies to reduce downtime and improve production using optimal resources. The growing demand for products such as foods, beverages, and chemicals is ...