Impact of COVID-19 on the Automation and Control Market
The growing adoption of industry 4.0 and developments in technologies such as artificial intelligence, industrial internet of things (IIOT), advanced analytics, and cloud computing are driving the demand in the automation and control market. Automation and control systems enable manufacturing facilities to increase the reliability and quantity of their products, enhance product quality, as well as reduce the costs incurred in the designing and production of the products. Due to the spread of the COVID-19 virus, the companies are now focusing significantly on reducing operational and labor costs. Besides, companies are unable to release new products owing to the novel Coronavirus. As the governments ease the lockdown, companies are expected to turn to automation for managing production functions, and supply chains gradually as the need for social distancing in the wake of pandemic makes human intervention and supervision problematic in many cases.
Post the lifting of the lockdown, the manufacturing plants and factories are expected to implement smart processes and move towards Industry 4.0. Factories are expected to use multiple PLCs rather than using a centralized PLC across the manufacturing unit for communication. This would help the companies maintain communication between all the machinery. The factories need to be swift in enacting modified social distancing policies, which is also essential for the manufacturers to protect their workforce from the transmission of COVID-19. Besides, a skilled workforce and labor would be required to handle equipment, automation systems, and machinery, post the pandemic, which is expected to drive the growth of the market.
The Estimated Worldwide Operational Stock of Industrial Robots between 2015 and 2020