Despite slowdowns in certain industries, Vietnam’s automation and control systems market is witnessing stable growth, according to a report by Frost & Sullivan.
Robust expansion in the manufacturing and construction sectors plus increased foreign direct investment, growing end-user need to optimize processes and improve efficiency, and development of special economic zones are factors fuelling growth.
Government incentives and adoption of new technologies are driving the growth of the Malaysian automation and control systems market, according to a new report.
The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.
Partnership, collaboration, and technology investment crucial for growth opportunities, says Frost & Sullivan’s industrial automation and process control team
The Internet of Things and data analytics are transforming the manufacturing space, and data is the new currency.
Currently, human intervention is needed for logical and reasonable decision making. However, with the rise of cognitive technologies, machines will be empowered to detect constantly changing manufacturing scenarios and respond in real time with minimum human intervention.
Future business models must be based on individuality, as vehicles become the new living space, argues Frost & Sullivan’s mobility team
Improvements in advanced driver assistance system sensors are driving automation features in original equipment manufacturer vehicles, according to a new report by Frost & Sullivan.
By collaborating with leading technology providers in the autonomous driving space, OEMs have an opportunity to transform into mobility service providers and introduce levels 4 and 5 autonomous cars earlier than expected, says the business consultancy.