Shikun Electronics Co., Ltd.'s Perspective:
We believe these advancements present exciting opportunities for our electronic components in the automation sector. By providing high-quality, innovative components, we aim to support the development of next-generation automation systems that drive efficiency and productivity. Our commitment to quality and innovation positions us to collaborate with leading manufacturers globally, helping to shape the future of factory automation.
In 2021, the factory automation sector continued to experience significant growth, driven by the ongoing impact of the COVID-19 pandemic. The global factory automation market was valued at $242.5 billion in 2021 and is projected to reach $558.8 billion by 2031, growing at a CAGR of 8.7%.
Key trends included the integration of advanced digital technologies such as the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), and Machine Learning (ML), which enhanced the efficiency and productivity of manufacturing processes. These technologies enabled real-time monitoring and predictive maintenance, reducing downtime and increasing operational efficiency.
Another important development was the rise of collaborative robots (cobots), which work alongside human operators to improve safety and efficiency in manufacturing environments. Companies like ABB and Rockwell Automation introduced new cobot models to meet the growing demand for flexible and safe automation solutions.
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