Vietnam Industrial Automation Market to be Driven by Adoption of IoT and AI in Industrial Environments by 2028
Industrial Automation demand has
increased as E-commerce has grown at an exponential rate, driving the
Industrial Automation market in Vietnam.
According to TechSci Research
report, “Vietnam Industrial Automation Market - By Region,
Competition, Forecast & Opportunities, 2018-2028F”, the Vietnam
Industrial Automation Market is expected to register robust growth during the
forecast period, 2024-2028. The Vietnam Industrial Automation market
is rising through the forecast period, owing to Adoption of Industry 4.0 in
Vietnam has been on the rise, especially in industries such as packaging,
machinery, food & beverage machinery, industrial robotics, others. With the
rapid advancement of technology and the increasing adoption of the Internet of
Things (IoT), many enterprises in Vietnam are leveraging the power of connected
devices, sensors, and data analytics to improve operational efficiency, reduce
costs, and enhance customer experiences.
In the manufacturing sector,
there has been an increase in the use of IoT-enabled sensors to monitor
machines and equipment in real-time, enabling predictive maintenance and
reducing downtime. This technology is also being used to optimize production
processes and reduce waste, resulting in significant cost savings. Vietnam is
rapidly adopting Industry 4.0 technologies, and many companies across various
industries have started implementing digital transformation initiatives.
Overall, the emergence of Industry 4.0 in Vietnam is transforming the manufacturing
landscape, making it more competitive and efficient. With continued investment
and adoption of these technologies, Vietnam is well-positioned to become a
global leader in advanced manufacturing and is expected to fuel the expansion
of the Vietnam Industrial Automation market.
Moreover, with growing
integration of machine vision systems with deep learning, in recent years,
there has been an increase in the integration of deep learning and machine
vision systems for industrial automation. Industrial automation uses machine
vision systems to give machines visual feedback so they may make decisions
based on what they observe. Machines are now able to make more educated
decisions based on the visual input they receive thanks to the combination of deep
learning with machine vision systems. In manufacturing and industrial
operations where accuracy and precision are essential, this integration is
particularly helpful. Manufacturers can boost production and efficiency by
automating activities that were previously carried out manually by utilizing
machine vision systems with deep learning. This is expected to increase demand
for Industrial Automation in Vietnam market.
With increasing demand for AR
And VR in industrial automation, an emerging trend in industrial automation is
the growing demand for augmented reality (AR) and virtual reality (VR). In
industrial contexts, AR and VR technologies can offer useful tools to enhance
the maintenance, design, and training processes. These technologies are
anticipated to play a big part in industrial automation in the future as they
advance and become more widely available.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Vietnam Industrial Automation Market”
The Vietnam Industrial
Automation market is segmented into component, industry, vertical and region.
Based on component, the market is further bifurcated into hardware and
software. Based on hardware segment, the market is further segmented into
Industrial Sensors, Machine Vision Systems, Field instruments, Industrial
Robots, Human machine Interface, AC Motor Drive, Servo System, CNC Controller,
Programmable Logic Controller, and Others. The software segment is further
divided into Networking, Management, Data Analysis and Optimization, Others.
Based on industry, the market is further split into machine tool industry,
energy equipment/mining/utilities, electrical/electronic, manufacturing,
plastics/rubber machinery, textile/fabric/coating machinery, packaging,
machinery, food & beverage machinery, industrial robotics, logistics and
transportation, equipment, wood working machinery, building materials machinery
& fluid machinery, others. Based on vertical, the market is further
segmented into machine tool industry, automotive & transportation, fluid
machinery, metals, plastics, paint industry, packaging, cement, steel, and
others. On the basis of region, the market is divided among Northern, Southern,
Central.
The hardware segment includes
sensors, robots, safety light curtains, servos, laser markers, Programmable
Logic Controllers (PLC), and Human-Machine Interfaces (HMI). A significant
market share is projected for servo, followed by sensors in the hardware. The
expected growth rate for robotics is astounding. Market participants are
adopting sophisticated robots for automation purposes because of technological
breakthroughs and the emergence of Industry 4.0. For instance, the i4 series
SCARA robot, which automates high-precision, high-speed assembly, and
transportation activities, was introduced by Omron Corporation in January 2021.
In a similar vein, Mitsubishi Electric Corporation introduced Melfa Assista, a
line of collaborative robots, in May 2020.
Key market players in the
Vietnam Industrial Automation Market include:
- Fuji
CAC Joint Stock Company
- Asean
Trading And Engineering Joint Stock Company
- Haison
Company Ltd, GNN Co., Ltd.( Vietnam)
- Dat
Technology Company Limited (DAT)
- Autotech
Services & Technical Solutions Jsc.
- Huynh
Bang Company Ltd.
- Omega
Automation Electric Co., Ltd
- Siemens
Ltd. (Vietnam)
- Honeywell
International
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“As the market is yet to mature,
there are ample opportunities for investors in the Vietnam Industrial
Automation market. The region's rapid urbanization and digital transformation
are expected to make Northern Vietnam the largest region in the Vietnam
Industrial Automation Market in 2022. There are many corporates/private
organizations, government and defense institutions in the region. Moreover, the
growing number of SMEs in the region is anticipated to support the growth of
Industrial Automation Market in this region. The proportion of FDI (Foreign
Direct Investment) pouring into the region has increased over the last decade. Apart
from Hanoi, cities such as Hai Phong, Bac Ninh, Hung Yen and Quang Ninh have
also become focal point of investment for the government and enterprises,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Vietnam Industrial Automation
Market By Component (Hardware (Industrial Sensors, Machine Vision Systems,
Field Instruments, Industrial Robots, Human Machine Interface, AC Motor Drive,
Servo System, CNC Controller, Programmable Logic Controller, Others),
Software(Networking, Management, Data Analysis and Optimization, Others)), By
Industry (Machine Tool Industry, Energy Equipment/Mining/Utilities,
Electrical/Electronic, Manufacturing, Plastics/Rubber Machinery,
Textile/Fabric/Coating Machinery, Packaging, Machinery, Food & Beverage
Machinery, Industrial Robotics, Logistics and Transportation, Equipment, Wood
Working Machinery, Building Materials Machinery & Fluid Machinery, Others)
By Vertical (Machine Tool Industry, Automotive & Transportation, Fluid
Machinery, Metals, Plastics, Paint Industry, Packaging, Cement, Steel, Others),
By Region, Competition, Forecast & Opportunities, 2028F has
assessed the Vietnam Industrial Automation market's future development
potential and provides data and information on market size, structure, and
projected market growth. The report's goal is to give current market knowledge
and assist decision makers in making informed investment decisions.
Furthermore, the study identifies and analyses emerging trends, as well as key
drivers, constraints, and opportunities in the Vietnam Industrial Automation
market.
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