Market Forecast By Component (Industrial Sensors, Industrial 3D Printing, Industrial Robots), By Solution (SCADA, DCS) And Competitive Landscape
Product Code: ETC4583190 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Philippines Industrial Automation Market report thoroughly covers the market by components and by solution. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Philippines Industrial Automation market is estimated to gain traction underpinned by industries embrace automation to remain competitive and improve operational efficiency. The market growth is supported by the rising adoption of smart technologies such as Industry 4.0 and smart factory initiatives. The industrial automation has been becoming increasingly significant across various industries such as automotive industry, food & beverage, chemical, and pharmaceutical industries. The demand for customized and flexible automation solutions are also gaining traction in the country. Industrial automation has upgraded manufacturing and production processes, which increase efficiency and streamline operations.
According to 6Wresearch, the Philippines Industrial Automation Market size is estimated to grow at a CAGR of 9.9% during the forecast period 2024-2030. The market growth is driven by several drivers such as the rising need for increased productivity and competitiveness globally. Automation technologies, including robotics and control system are gaining momentum due to increase efficiency and reduce human errors. The rising need for increasing efficiency and productivity during the manufacturing processes. The rising shift towards Industry 4.0 and smart factories has boosted the growth of the industrial automation market. Furthermore, the rising labor costs and shortage of skilled labor have played a crucial role in boosting the automation solutions to reduce labor-intensive tasks. Despite the growth prospects, Philippines Industrial Automation industry is facing several challenges that can impede its growth, including high deployment costs, the lack of skilled labor, and infrastructure issues. Nevertheless, with the latest trends, the market is estimated to grow significantly in the coming years. These trends are higher adoption of cloud-based software solutions, the integration of AI and the development of collaborative robots (cobots). Moreover, with an increased popularity of the Internet of Things (IoT), companies are investing actively in connected sensors and devices to improve efficiency and collect real-time data.
The government of the country has implemented several measures to boost the Philippines Industrial Automation Market growth. Such initiatives are Philippine Industrial Revolution Plan (PIRP) and the Manufacturing Resurgence Program (MRP). These initiatives aim to boost the country's manufacturing sector, encourage the adoption of Industry 4.0, and provide training for skilled workers. These measures have been supporting the market growth.
The industrial automation market in the Philippines is highly fragmented, with the existence of well known international and domestic players operating in the space. Some of the leading players in the market include.
According to Nitesh, Research Manager, 6Wresearch, the industrial sensors are on a rise. As IoT devices have become ubiquitous, the demand for more reliable sensors is increasing, and this bodes well for the industrial sensors market
In terms of solution, DCS technology is gaining traction in the market majorly due to its flexibility feature. Affordability is another aspect for its high adoption rate, coupled with the ability to integrate with different systems and offer accurate process control.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Industrial Automation Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Industrial Automation Market Revenues & Volume, 2021-2031F |
3.3 Philippines Industrial Automation Market - Industry Life Cycle |
3.4 Philippines Industrial Automation Market - Porter's Five Forces |
3.5 Philippines Industrial Automation Market Revenues & Volume Share, By Component, 2021-2031F |
3.6 Philippines Industrial Automation Market Revenues & Volume Share, By Solution, 2021-2031F |
4 Philippines Industrial Automation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Industrial Automation Market Trends |
6 Philippines Industrial Automation Market, By Types |
6.1 Philippines Industrial Automation Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Philippines Industrial Automation Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Philippines Industrial Automation Market Revenues & Volume, By Industrial Sensors, 2021-2031F |
6.1.4 Philippines Industrial Automation Market Revenues & Volume, By Industrial 3D Printing, 2021-2031F |
6.1.5 Philippines Industrial Automation Market Revenues & Volume, By Industrial Robots, 2021-2031F |
6.2 Philippines Industrial Automation Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Philippines Industrial Automation Market Revenues & Volume, By SCADA, 2021-2031F |
6.2.3 Philippines Industrial Automation Market Revenues & Volume, By DCS, 2021-2031F |
7 Philippines Industrial Automation Market Import-Export Trade Statistics |
7.1 Philippines Industrial Automation Market Export to Major Countries |
7.2 Philippines Industrial Automation Market Imports from Major Countries |
8 Philippines Industrial Automation Market Key Performance Indicators |
9 Philippines Industrial Automation Market - Opportunity Assessment |
9.1 Philippines Industrial Automation Market Opportunity Assessment, By Component, 2021-2031F |
9.2 Philippines Industrial Automation Market Opportunity Assessment, By Solution, 2021-2031F |
10 Philippines Industrial Automation Market - Competitive Landscape |
10.1 Philippines Industrial Automation Market Revenue Share, By Companies, 2024 |
10.2 Philippines Industrial Automation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |