In 2023, India’s industrial automation (IA) market reached an estimated value of $11 billion and is expected to exhibit a Compound Annual Growth Rate (CAGR) of around 14 per cent from 2022 to 2027. Projections indicate a substantial increase to $23 billion in 2027. Prominent contributors to this sector include manufacturers involved in producing (closed-circuit) TVs, mobile electronics, air-conditioners, automotive and aviation vehicles, energy products (gas, diesel, petrochemicals), and healthcare…
