Technology

AI Driving Transformation in Automotive Automation Market, Set to Grow by USD 2.45 Billion (2024-2028), Boosted by Demand for Improved Manufacturing Flexibility- Technavio

Published

2 years ago

September 26, 2024

NEW YORK, Sept. 26, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global automation market in automotive industry size is estimated to grow by USD 2.45 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. Demand for enhanced visibility and flexibility in manufacturing is driving market growth, with a trend towards emergence of smart manufacturing. However, security challenges of industrial control systems poses a challenge. Key market players include ABB Ltd., Applied Materials Inc., Aurotek Corp. Inc., Auto Control Systems, DENSO Corp., Emerson Electric Co., FANUC Bulgaria EOOD, Festo SE and Co. KG, General Electric Co., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yaskawa Electric Corp., and Yokogawa Electric Corp..

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Automation Market In Automotive Industry Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 2454 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.11

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key countries

China, Japan, US, Germany, and India

Key companies profiled

ABB Ltd., Applied Materials Inc., Aurotek Corp. Inc., Auto Control Systems, DENSO Corp., Emerson Electric Co., FANUC Bulgaria EOOD, Festo SE and Co. KG, General Electric Co., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yaskawa Electric Corp., and Yokogawa Electric Corp.

Market Driver

The automotive industry is experiencing significant growth in automation, electrification, data integration, human-machine interaction, and connectivity. To facilitate smart manufacturing, industrial machines and robots are being equipped with IoT-integrated microprocessors, microcontrollers, sensors, and switches. In the automotive production process, sensors are used extensively on the manufacturing, assembly line, and warehousing equipment. These sensors provide real-time data to DCS, MES, and PLC systems for remote monitoring and predictive maintenance. IIoT plays a crucial role in integrating these systems and transferring information. Innovations in sensors and automation solutions are increasing productivity in the automotive industry, driving market growth during the forecast period.

The automotive industry is experiencing a growth in automation trends, with programmable automation and motion control at the forefront. Industrial automation is being driven by advanced automation/control software, panel mount solutions like industrial PCs and web panels, and control systems. Turbocharging is being enhanced with 5G wireless technology and digitalization. Augmented reality, digital twin technology, and industrial IoT are revolutionizing production, with advanced analytics, edge computing, and cloud computing enabling real-time data processing. Sensors, including precision photoelectric, laser, inductive, servo motors, drives (AC and DC), and semiconductors, are essential components. Trade wars and electronics shortages pose challenges, but AI and machine learning are driving innovation. Product launch and development are being streamlined with management software, cobots, and smart manufacturing. 3D printing and micro electromechanical systems are also transforming the industry.

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Market Challenges

Legacy industrial control systems, predominantly used in Europe and the US automotive industries, pose significant security challenges due to their pre-Internet era design. These systems, which communicate point-to-point, lack the capability to authenticate commands and secure data, making them susceptible to threats. Replacing these systems is cost-prohibitive, and modernizing them requires integrating new IT and OT technologies, as well as addressing the emergence of IoT and cloud computing. A common vulnerability in OT infrastructure is the inability to protect legacy systems, such as SCADA, which have open architectures, increasing the risk of security breaches. Despite the potential productivity gains from automation solutions, the increasing security threats may hinder their adoption in the automotive industry during the forecast period.In the automotive industry, automation is a key trend shaping the future of manufacturing. Technologies like digital twin technology, advanced analytics, edge computing, and cloud computing are revolutionizing production processes. Sensors, including photoelectric, laser, inductive, servo motors, drives (AC and DC), and precision sensors, are essential components of this automation. Trade wars and the rise of micro electromechanical systems, 3D printing, smart manufacturing, semiconductors, electronics, artificial intelligence, and machine learning are driving innovation. Industrial robots, management software, cobots, and cloud-based solutions are crucial for product launch and development. Challenges include ensuring control and integration of these advanced technologies to optimize efficiency and quality.

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Segment Overview

This automation market in automotive industry report extensively covers market segmentation by

Technology 1.1 Industrial sensors1.2 PLC1.3 MES1.4 SCADA1.5 DCSEnd-user 2.1 Vehicle manufacturers2.2 Component manufacturersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Industrial sensors- Industrial sensors play a crucial role in the automotive industry by measuring physical parameters, such as temperature, humidity, pressure, flow, speed, vibration, and position, converting them into electrical signals for control systems like PLC. They ensure product quality consistency in various applications, including painting operations, testing engines, robotic arms, and conveyor belts. In painting, sensors measure paint thickness. Spray painting systems use sensors for air and liquid ratio measurement. Industrial robots, now widely adopted for faster production and efficiency, are equipped with sensors to work efficiently with pre-defined instructions. Advancements in sensors, hardware, and software have made robots more intelligent and autonomous. Smart sensors are driving the growth of the industrial sensors market in the automotive industry, especially in the context of Industry 4.0 and smart wearables like helmets, eye devices, and hand-worn devices. Innovations in industrial wireless sensor networks (IWSN) are expected to further expand the market, with each node featuring a sensor, ADC, microcontroller, data receiver, and energy source, creating a dispersed network collecting and organizing data at a central location, driving IIoT in the automotive industry.

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Research Analysis

The automotive industry is embracing automation to enhance manufacturing processes, improve product quality, and increase efficiency. Programmable automation, industrial motion control, and advanced control systems are key technologies driving this transformation. Automation/Control Software, Industrial PCs, Web Panels, and Industrial Monitors are essential components of modern automation systems. Turbocharging and 5G wireless technology are revolutionizing the industry with real-time data transfer and remote monitoring capabilities. Augmented reality, digital twin, digitalization, industrial IoT, precision sensors, micro electromechanical systems, 3D printing, and smart manufacturing are shaping the future of automotive production. Semiconductor and electronics companies are supplying the necessary components for automation, including artificial intelligence and machine learning chips. These technologies enable advanced functions like predictive maintenance, quality control, and optimization of production lines. Overall, automation is a critical enabler for the digital transformation of the automotive industry.

Market Research Overview

The automotive industry is embracing automation to enhance manufacturing processes, improve product quality, and increase efficiency. Programmable automation, industrial motion control, and advanced automation/control software are key technologies driving this transformation. Industrial PCs, web panels, and industrial monitors are essential components of modern control systems. Turbocharging and 5G wireless technology are being integrated with automation systems to optimize performance and connectivity. Augmented reality, digital twin technology, and digitalization are revolutionizing design and production, enabling real-time monitoring and predictive maintenance. Industrial IoT, sensors, and edge computing are facilitating data collection and analysis, while cloud computing provides scalability and flexibility. Semiconductors and electronics play a crucial role in the development of automation systems, with artificial intelligence and machine learning enabling advanced analytics and smart manufacturing. Product launch and development are streamlined with management software, while cobots and industrial robots enhance production capabilities. 3D printing and smart manufacturing further boost innovation and efficiency. Despite trade wars, the automation market in the automotive industry continues to grow, with continuous product innovation and development.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyIndustrial SensorsPLCMESSCADADCSEnd-userVehicle ManufacturersComponent ManufacturersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Baidu to Report First Quarter 2026 Financial Results on May 18, 2026

Published

7 minutes ago

April 23, 2026

BEIJING, April 23, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the First Quarter 2026 ended March 31, 2026, before the U.S. market opens on May 18, 2026. Baidu’s management will hold an earnings conference call at 8:00 AM on May 18, 2026, U.S. Eastern Time (8:00 PM on May 18, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q1 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10054331-iu876y.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until May 25, 2026:
US: 1 855 883 1031
Reply PIN: 10054331

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

Phase 1 of 139th Canton Fair Introduces New Dedicated Product Zones as Emerging Technologies Take Center Stage

Published

7 minutes ago

April 23, 2026

GUANGZHOU, China, April 23, 2026 /PRNewswire/ — The 139th China Import and Export Fair (Canton Fair) has further optimized its exhibition landscape with nine new dedicated product zones, reflecting ongoing structural shifts in global trade and the continued upgrading of China’s export portfolio.

Among the most closely watched additions in Phase 1 are the consumer and agricultural drone zones, both making their debut at the Canton Fair and offering a focused showcase of applications in the low‑altitude economy. The consumer drone zone showcases progress in flight control, AI‑based obstacle avoidance and energy efficiency across imaging, tourism, emergency response and patrol. The agricultural drone zone highlights precision farming, with spraying, seeding and field‑management demonstrations showing terrain‑following, intelligent route planning, and precise payload control.

On day one, a Shandong‑based drone manufacturer welcomed buyers from 30+ countries, with over 50 strong leads. One buyer, after seeing load and wind‑resistance demonstrations, immediately confirmed three sample units and even proposed becoming a regional distributor.

Display technology is another focal point of Phase 1, highlighting advances in color accuracy, energy efficiency, and overall visual performance. Developments in fine‑grained control, expanded color gamut, and reduced power consumption point to a clear trend toward immersive viewing experiences combined with sustainability gains.

The smart wearables zone underscores how intelligent devices are becoming key interfaces for human‑machine interaction. From real‑time language translation and adaptive noise cancellation to long‑term health monitoring and AI‑enabled eyewear, wearables are evolving from standalone products into integrated systems that support communication, well‑being, and productivity across daily and professional settings.

The service robots zone further illustrates how artificial intelligence is moving from conceptual exploration to large‑scale deployment. Advanced robots showcased across industrial, commercial, medical, and public‑service scenarios demonstrate growing autonomy, multi‑sensory perception, and closer human-robot collaboration.

By bringing emerging technologies into clearer focus through dedicated zones, the 139th Canton Fair is reinforcing its function as a platform where trade trends take shape, innovation meets application, and global buyers gain early insights into cutting-edge technologies.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

Photo – https://mma.prnewswire.com/media/2963958/1.jpg

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Technology

OZMOSI Announces Strategic Partnership with Planview to Advance AI-Driven Planning in Pharmaceutical R&D

Published

7 minutes ago

April 23, 2026

By combining structured clinical intelligence with AI-driven portfolio planning, the partnership gives pharmaceutical teams a faster, clearer way to make high-stakes R&D decisions

SPRING LAKE HEIGHTS, N.J., April 23, 2026 /PRNewswire/ — OZMOSI, a leading provider of structured pharmaceutical development intelligence, today announced a strategic partnership with Planview, the leading AI-powered end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Delivery (DPD).

By integrating OZMOSI’s machine-readable clinical datasets directly into Planview’s AI-driven portfolio planning platform, external scientific data is now connected to internal R&D planning in one system, helping pharmaceutical organizations better predict market shifts, prioritize R&D investments, and make faster, more confident decisions.

This integration brings external clinical reality into internal R&D decision-making, so teams can plan based on what’s actually happening, not just on what they hope will happen.

The two organizations combine deep expertise in complementary areas, united by a shared focus on improving the quality and usability of data for strategic decision-making. OZMOSI provides structured, machine-readable intelligence across clinical trials, drug development programs, regulatory activity, and scientific literature, built on a consistent taxonomy that standardizes how data is connected and understood. Planview’s platform enables organizations to model complex investment scenarios, align initiatives with corporate strategy, and optimize resource allocation.

Together, these capabilities give teams a clearer, more complete view of the R&D landscape, grounded in clean, standardized data and strengthened by AI-driven analysis.

“AI is only as powerful as the data that fuels it,” said Beau Bush, President and Founder of OZMOSI. “Pharmaceutical organizations have no shortage of data, but too often it’s fragmented, inconsistent, and difficult to operationalize. By bringing OZMOSI’s structured data foundation together with Planview’s AI-driven planning capabilities, we’re enabling teams to move beyond disconnected analysis and toward truly integrated, forward-looking decision-making.”

“Strategic planning in pharmaceutical R&D is becoming increasingly dependent on advanced analytics and AI,” said Louise Allen, Chief Product Officer at Planview. “Integrating OZMOSI’s clinical intelligence into Planview’s platform enables pharmaceutical leaders to make better decisions by combining trusted external data with AI-driven planning

OZMOSI’s dataset spans more than 800,000 clinical trials, over 35,000 drugs, and 4,000 diseases and conditions. It brings together insights from clinical trial registries, regulatory filings, scientific literature, company disclosures, and industry announcements into a unified, structured dataset.

When integrated into Planview’s platform, this intelligence enables pharmaceutical and biotech organizations to evaluate competitive landscapes, identify emerging clinical trends, and simulate portfolio outcomes with unprecedented precision.

Together, OZMOSI and Planview are redefining how pharmaceutical organizations approach R&D strategy, ensuring that investment decisions are guided by accurate, standardized, and AI-ready data. By combining internal portfolio visibility with a continuously updated external view of the market, the partnership helps leaders not only understand what they have, but what to do next.

About OZMOSI

Founded in 2013, OZMOSI specializes in transforming complex pharmaceutical R&D intelligence into structured, machine-readable data. The company provides the foundation needed for accurate competitive analysis, product forecasting, and portfolio strategy. Through its proprietary taxonomy and semantic layer, OZMOSI connects fragmented data across the pharmaceutical ecosystem, enabling faster, more confident decision-making for global pharma, biotech, and investment teams.

Based in Spring Lake Heights, New Jersey, OZMOSI is focused on making pharmaceutical intelligence clear, usable, and ready for the future of AI-driven strategy. Learn more at www.ozmosi.com.

About Planview

Planview is the leading end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Delivery (DPD), powered by advanced AI capabilities that give business and technology leaders the strategic foresight to prioritize investments and initiatives, make plans real within constraints, and pivot with certainty when things change. Our AI-driven connected platform of solutions underpins the business and digital transformations of more than 3,000 customers and 3.1 million users globally. Headquartered in Austin, Texas, Planview has over 1,500 employees worldwide. Learn more at www.planview.com.

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SOURCE Ozmosi Company