Global automation market - revenue by segment 2019-2021
By expediting processes and minimizing human error, the advent of automation and connected devices allows industries to innovate and grow in size fairly rapidly. Without automated processes, stores and warehouses would find it difficult to fill their shelves with i.e. food, medicine, and computers. Whereas the industrial age regarded automation as feats of mechanical engineering, the automation of today is driven by advancements in robotics and software engineering. Currently, industrial workers, researchers, and even bureaucrats make use of machine learning and artificial intelligence to streamline their work.
Automation is not just a technology to increase production and feed economic growth, but it also acts as a service to domestic and personal living. Previously, many products that utilized artificial intelligence and robotics simply were not affordable to the masses. However, as the sectors develop, the technology becomes better and cheaper. Self-driving cars are a stand out example of an automated product that is expected to become widely used once the technology is perfected. In the U.S. alone, annual autonomous vehicle sales are expected reach 4.5 million units by 2035.