Release date: 30-09-2020SKU: MSG-GL-COVID19-006
MSG explores the top risks and opportunities impacting the automation sector, owing to the prevalence of COVID-19.
Prevalence of the COVID-19 pandemic has created many challenges for the manufacturing industry, leading to the demand for automation among the global manufacturing companies to minimize the effects during the pandemic. With Industry 4.0 and Industry 5.0 comprised at scale over the past few years, COVID-19 has only augmented its influence in the manufacturing sector.
COVID-19 has made economic disbalance across the globe, where ventures and companies had an operational presence. Considering the current scenario, the many associations are enduring misfortunes owing to the nation's shrewd lockdown conditions and deficiency in profitability.
China is the largest market for large scale manufacturing. The automation companies in the market incorporate automated technologies such as robots, robotic arm, AI, electro-optics, cybersecurity, wireless applications, process measurement and control, sensors, and systems integration, among others. The regional companies opt for advanced technologies to reduce the risk and spread of the virus and focused on stabilizing the revenue.
Modern robotization was not witnessing incredible demand pre-COVID-19 hit, having been relieved back by level capital use and deteriorating mechanical creation. The fear of infection has resulted in shutting processing plants, with most laborers around the globe sent home. It has uncovered how, despite a great deal of publicity throughout the years, pushed manufacturing facility automation has not been filled in for human experts at scale.
The post-pandemic result in high penetration of automation across the diversified production line, when the global economy is expected to bounce back in the long run. However, it is estimated that it will take a few months or years to revive the whole scenario. The outcome from the spread of the COVID-19 will concentrate associations and the manufacturing companies on the need to computerize more rapidly in the medium term. Activities such as Industry 4.0 and Industry 5.0 will significantly impact carrying out in the long run of the automation across the end-use industries. Manufacturing companies and associations need to set themselves up for better future emergencies in the sector.
Our COVID-19 strategic insight report covered topics including:
• Impact of COVID-19 to the robotics company's operation
• How the global supply chain is impacted amidst COVID-19
• How robotics can prevent the risk and secure the society from the pandemic
• Market trends in the robotics industry during COVID-19 and Post-COVID-19
• Advice from CEOs on how to succeed during a global pandemic
To read more about how we believe the automation sector can manage the current pandemic scenarios, inqure about our report.
Key Issues Addressed
Considering the COVID-19 impact on the automation industry is carried out through various lenses, and many critical issues identified in the COVID-19 impact strategic insight reports include:
• Specific key trends have begun to accelerate due to the crisis, reshaping both demand and supply across industries
• Other trends that probably decelerate or halt due to the COVID crisis
• Trends that are essential before the pandemic and post-pandemic directions to shape the industry
• Key uncertainties and challenges that should be considered in strategy and business planning
• Detailed consideration of scenarios that compare the reach of the pandemic versus the industry impact arising from changes in end-consumer behavior
• A set of both recovery and thrive oriented actions for market participants and players
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