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The automation market in automotive industry size is forecast to increase by USD 2.45 billion at a CAGR of 4.36% between 2023 and 2028. The automation market in the automotive industry is experiencing a surge in demand for enhanced visibility and flexibility in manufacturing processes. This trend is driven by technological advances in Programmable Logic Controllers (PLC), which are integral to automating production lines. However, the integration of Manufacturing Execution Systems (MES), Product Lifecycle Management (PLM), and Enterprise Resource Planning (ERP) systems poses significant security challenges for industrial control systems. These systems facilitate growth but also increase complexity and costs. The PLC market growth is slow due to high upfront and upgrading costs of MES, which acts as a barrier for smaller players in the industry. To mitigate these challenges, it is crucial to prioritize cybersecurity measures and adopt cost-effective solutions that streamline the integration of these systems. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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