The India Industrial Automation Market size is expected to grow from USD 13.23 billion in 2023 to USD 25.76 billion by 2028, at a CAGR of 14.26% during the forecast period (2023-2028).
The India Warehouse Automation Market size is expected to grow from USD 267.07 million in 2023 to USD 880.98 million by 2028, at a CAGR of 26.96% during the forecast period (2023-2028).
The packaging automation market is currently valued at US$ 74.53 Bn in 2023. By 2033, demand for Packaging Automation is expected to reach a high of US$ 161.66 Bn, the report adds.
The Pharmaceutical Automation Market is projected to reach $18.2 billion by 2029 at a CAGR of 12% from 2022 to 2029.
The growth of this market is attributed to the increasing adoption of robots in pharmaceutical manufacturing, government initiatives to promote industrial development, rising investments in transforming conventional production facilities, and growing demand for safe and digitized production processes. The growing demand for IoT in pharmaceutical manufacturing are expected to offer significant opportunities for the growth of this market.
