Global Automotive LED Lighting Market to Grow at a CAGR of 8.62% During the Period 2016-2020 by Mrr.Biz

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Albany, NY -- (SBWIRE) -- 01/21/2016 -- Description

About Automation

The automotive industry has great scope for automation solutions because the dynamic nature of consumer demand requires improved safety standards in vehicles and the use of advanced technologies such as connected and automated cars.
The growth of automation solutions in the automotive industry will be driven by the expansion of plant capacity in countries such as the US, China, Germany, Italy, and Mexico.

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Moreover, the concept of smart factories and the use of predictive analytics is helping tap emerging market requirements and power the growth of automation in the automotive industry.
Technavios analysts forecast the global automation market in the automotive industry to grow at a CAGR of 8.62% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global automation market in the automotive industry for 2016-2020. To calculate the market size and vendor share, the report considers revenue generated from:
Sales of hardware and software
Provision of support
Provision of maintenance

The market is divided into the following segments based on product:

Industrial sensors

Technavio's report, Global Automation Market in Automotive Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Rockwell Automation
Schneider Electric
Mitsubishi Electric

Other prominent vendors

Adept Technology
Applied Material
Aspen Technologies
Camstar Systems
Control Systems International
Denso Wave
Ellison Technologies
Emerson Electric
General Electric
Kawasaki Robotics
Mitsubishi Electric
Mitsubishi Heavy Industries
Nachi Fujikoshi
Schneider Electric
Toshiba International
Werum Software & Systems
Yaskawa Electric
Yokogawa Electric

Market driver

Demand for enhanced visibility and flexibility in manufacturing process
For a full, detailed list, view our report

Market challenge

Stiff competition
For a full, detailed list, view our report

Market trend

Availability of wireless sensor networking solutions
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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