Industrial machinery and automation in India
India is one of the world's leading hubs for applying AI and the Industrial IoT in the manufacturing sector.
Contact usIndustrial machinery and automation is the introduction of operating systems such as robots, IoT and AI into the manufacturing industry to control various processes and machines and take over tasks from people.
The Internet of Things and AI are technologies that play an important role in the innovation and growth of this sector. India is one of the world’s leading hubs for AI and already has years of experience in applying the Industrial Internet of Things (IIoT) in manufacturing.
In India, companies in this field find a large pool of highly skilled manpower. In addition, the Indian government is focused on innovation in this sector. This presents interesting opportunities for companies in this industry looking to start up in India
Snapshot of the industrial machinery and automation sector in India
- The size of the global industrial automation market is valued at 224 billion dollars. It is expected to reach 297 billion dollars by 2026.
- The size of the Indian industrial automation market is valued at 15 billion dollars in 2024. The market is expected to grow to around 29 billion dollars by 2029.
- The power, oil & gas and automotive industries are leading the way in adopting various automation technologies.
- The Indian government aims to significantly strengthen the manufacturing industry. As a result, India needs more competition in terms of productivity, profitability, safety and sustainable production processes.
- The auto industry is one of the sectors setting up large-scale automated manufacturing facilities globally. India is a major exporter of automobiles and expects significant growth in exports in the coming years. The Indian automotive industry is therefore one of the sectors looking for new, efficient production technologies.
Growth drivers of the industrial machinery and automation sector in India
- India’s industrial machinery and automation industry is developing rapidly. This is partly due to increasing foreign direct investment (FDI) and the continued growth of the manufacturing industry.
- There is a growing demand for Human-Machine Interface (HMI) technology in the manufacturing industry in India. A Human-Machine Interface is a user interface or dashboard that connects a person to a machine, system or device.
- The industry is seeing explosive growth in nanotechnology: nanoscale assembly systems, MEMS and nanotechnology sensors (tiny sensors with low power and low cost).
- Robotics has a huge potential. India has a low robot density: only 7 industrial robots for every 10,000 manufacturing workers.
