India Industrial Automation Market Zooming 2.7X to Reach USD 41 Billion by 2031

Published | 09 January 2025

India Industrial Automation Market is booming primarily due to the synergistic impact of Industry 4.0 technologies, a burgeoning demand for enhanced operational efficiency and productivity, and the government's proactive support through initiatives like 'Make in India' and Production Linked Incentive (PLI) schemes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Industrial Automation Market size by value at USD 15.1 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects India Industrial Automation Market size to boom at a robust CAGR of 16.2% reaching a value of USD 40.8 billion by 2031. The growth of Industrial Automation Market in India is propelled by the convergence of Industry 4.0 and the Industrial Internet of Things (IIoT). The combination of advanced technologies is revolutionizing logistics and production through smart factory automation, where interconnected machinery and devices optimize operations in real-time. Within this landscape, labeling equipment plays a critical role, minimizing downtime and streamlining production processes. Furthermore, the burgeoning healthcare sector, fueled by private healthcare expansion, pharmaceutical growth, and government-led healthcare initiatives, is significantly accelerating the adoption of automation. These converging forces are collectively shaping the future of industrial automation in India, promising enhanced efficiency, productivity, and innovation across diverse sectors.

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North Region Dominates India Industrial Automation Market

North India retains its dominant position in India's burgeoning Industrial Automation Market, a position it is poised to retain over the forecast period. This dominance stems from a robust manufacturing foundation and a resolute focus on modernization. Key industrial hubs like Haryana, Punjab, and Uttar Pradesh, home to diverse sectors such as food processing, automotive, and textiles, are increasingly embracing automation technologies to optimize efficiency and productivity. Government initiatives like 'Make in India' are catalyzing investments in smart manufacturing, further propelling regional growth. The convergence of IoT and robotics within industrial operations is accelerating this transformation. As businesses strive for cost reduction and enhanced quality, North India is well-positioned for sustained expansion in the industrial automation domain.

Impact of Escalating Geopolitical Tensions on India Industrial Automation Market

Intensifying geopolitical tensions could have a multifaceted impact on India Industrial Automation Market. Uncertainty in global trade and supply chains can disrupt the availability of critical components and raw materials for automation systems, leading to delays and increased costs. Additionally, trade restrictions and sanctions may hinder the import of advanced technologies, slowing down the adoption of automation in various industries. Political instability can also dampen investor confidence, resulting in reduced investments in automation infrastructure. This volatile environment may limit growth opportunities, forcing businesses to reconsider their automation strategies to mitigate risks and ensure operational continuity.

Competitive Landscape

India Industrial Automation Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Siemens AG, ABB Ltd, Space Magnum Equipment Pvt Ltd, Godrej Koerber Supply Chain Limited, Kardex India Storage Solutions Private Limited, Armstrong Ltd, Falcon Autotech Private Limited, Grey Orange India, Addverb Technologies Private Limited, and Hinditron Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in India Industrial Automation Market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and India Industrial Automation Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Industrial Automation Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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