The rapid spread of the coronavirus in the U.S., Europe, and Asian countries resulted in nationwide lockdowns and a temporary halting of production facilities to prevent further spread. Manufacturing & processing companies faced huge losses during the first and second quarters of 2020 due to disrupted supply chains and delayed production schedules. There has been a significant impact on supply chains globally. These lockdowns affected diverse industries, primarily due to the impact on manufacturing operations. The outbreak of the COVID-19 pandemic led to a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. The Impact of COVID-19 on the Industrial Automation Market However, the limited availability of skilled labor required to operate these systems is a major challenge for the market’s growth in emerging economies. With the implementation of automation components such as sensors, robots, machine vision systems, and enterprise control solutions, companies can significantly reduce operating and labor costs. Manufacturing companies are increasingly investing in industrial automation technologies to improve system reliability & efficiency and eliminate production errors caused by human labor.
The industrial automation market is growing rapidly due to the high adoption of automation solutions in the manufacturing, oil & gas, chemicals & materials, and pharmaceutical sectors. It uses control systems, management solutions, and IT solutions & technologies to handle various processes in industries to achieve efficiency and productivity. Industrial automation uses control systems and equipment, such as computer software and robots.
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