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Outlook of the Global Automation Industry 

  • March 2016
  • 52 pages
  • Frost & Sullivan
Report ID: 3711157

Summary

Table of Contents

2016 Outlook of the Global Automation Industry : Industrial Internet of Things (IIoT) Technologies and Innovative Service Model Will Lead Market Growth

This automation outlook study provides a detailed market analysis of both process automation and discrete automation technologies. Strategic analysis is provided for key industry dynamics driving market growth and a vertical industry analysis. It offers an in-depth competition landscape as well as a global and regional analysis, and an outlook of emerging technologies that affect the global automation market. The study also analyzes the key technology trends for process and discrete automation, and their implications.

Top Predictions for 2016

The global automation industry is expected to grow %, from $ billion in 2015 to $ billion in 2016.

The process automation segment, which grew by % in 2015, is forecast to grow % in 2016, while the discrete automation segment, which grew by % in 2015, is expected to grow %

Oil price fluctuation continues to have a strong impact on upstream oil and gas projects, but midstream pipeline projects are registering robust growth. The overall impact of lowered crude oil price is estimated to result in a revenue loss of about $ million in 2016 in the global automation market.

An increasing number of successful pilot projects are likely to opt for more commercialization of smart sensors, intelligent machines, and advanced automation technologies, driven by Industry and smart manufacturing initiatives.

Electric power, chemicals and petrochemicals, life sciences, and food and beverage sectors are expected to lead process automation growth and register above-average growth rates of %, %, %, and %, respectively.
The semiconductor and electronics, automotive, and aerospace and defense industries are expected to lead discrete automation growth and to grow at %, %, and % respectively.

Top Trends for 2016

The managed services model dominates service revenue growth, with a growing role of managed cyber-security services, remote monitoring services, KPI-based plant data analytics services, and connectivity and convergence services.

Increased adoption of Industrial Internet of Things (IIoT) technologies is leading to major changes in plant-to-enterprise-level architecture, with evolving two-tier models compared to the traditional International Society of Automation (ISA) model of process automation.

The Everything-as-a-Service model is expected to grow in 2016 and beyond, with a concept of Product-as-a-Service (PraaS) where users need not own the actual product but can still use it on a pay-per-use model.
Technology advancements are blurring the line between process and discrete applications; as such, automation vendors of both segments are targeting each other’s markets.

The automation contractor model is gradually evolving from the present main automation contractor (MAC) to main automation and information contractor (MAIC) with increasing adoption of IIoT and digital technologies.

IIoT-based digital software platforms are expected to find acceptance among industrial companies for the application of Big Data, advanced analytics, and real-time monitoring to improve performance, process visibility, operations, and maintenance.

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