Dinesh Mishra
MAY 2, 2023
The automotive industry remains the largest customer for the robotics industry in India with a share of 31% in 2021. India is expected to have the largest working-age population in the world by 2027. Today, India is the world’s fifth largest economy measured by manufacturing output. billion, a 21.61% increase from 2020.
Fabricating & Metal Work
OCTOBER 2, 2023
With the facility, ABB will expand production capacity by 50 percent and strengthen its capabilities to supply the European market, which is expected to grow at seven percent CAGR through 2027 1.
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Control Engineering
MAY 18, 2023
There have been over a hundred large orders placed in the automotive and non-industrial sectors, driving down average prices. The industry with the fastest growth rate in 2022 was the new energy industry (including lithium-ion battery, wind power, PV and hydrogen), followed by automotive and electronics.
Control Engineering
MARCH 16, 2023
Both China and India are forecast similar levels of growth through to 2027, but China’s manufacturing dominance means there is realistically little chance of India catching it, particularly without a similar infrastructure and supply chain ecosystem in place. Furthermore, China’s domestic market for Chinese products is huge.
Foley
JULY 11, 2023
While these two trends are common across many industries, perhaps nowhere are they more pronounced than in the automotive industry. Beyond the automotive industry, even the most basic household appliances are now wireless and connected. New companies may have limited resources and expertise necessary to overcome hurdles that may arise.
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