The Evolution of Logistic Automation: Trends and Future Prospects

The logistic automation market reached a value of USD 33.0 billion in 2023 and is projected to grow to USD 61.0 billion by 2030, with a compound annual growth rate (CAGR) of 9.2%.


Automation technology has significantly improved efficiency and management across various industries, offering numerous advantages in purchasing goods. It plays a crucial role in inventory management and the production process.

Logistics automation integrates control systems, software, and equipment to enhance operational efficiency. This includes automated storage and transportation systems such as autonomous mobile robots, automated retrieval systems, and robotic arms.

These systems offer benefits such as speed, flexibility, improved managerial control, enhanced customer service, and advanced data analysis. They are particularly transformative in transportation management.

Businesses can expand their transportation networks and reduce fuel costs through advanced route optimization and continuous monitoring systems.

In 2023, hardware constituted the largest segment of the industry, accounting for approximately 50% of the market. Hardware components are essential for executing various logistical tasks, driven by increasing demand across sectors for automation technologies.

Transportation logistics represented the largest market share within logistics automation. Given the industry's core function of moving goods, automation technology is pivotal in enhancing transportation efficiency.

Sales operations led the industry with a 45% share in 2023 and are expected to grow at a CAGR exceeding 9.3% in the coming years. Effective sales performance is critical for profitability across all sectors.

Large enterprises dominated the market share, leveraging their financial resources to invest significantly in innovative automation technologies, thus maintaining a competitive edge.

North America emerged as the largest regional contributor, a position expected to persist due to ongoing technological advancements and robust infrastructure supporting automation technologies like warehouse management systems, AI, and robotic automation.

The logistic automation industry is poised for continued growth, driven by increasing e-commerce utilization and ongoing technological advancements.

Comments

Post a Comment

Popular posts from this blog

What Is a Data Center? How Does a Data Center Operate

Image
In simple words, a data center is a physical capability that establishments utilize to house their vital applications and information. A data center's structure is based on a network of computing and storing resources that allow the distribution of shared apps and data. The major components of a data center design comprise switches, routers, storage systems, firewalls, servers, and application-delivery controllers. The data center market is witnessing growth and is projected to reach USD 602.76 billion by 2030. What Defines a Modern Data Center? Contemporary data centers are more diverse than they were just a short period ago. Infrastructure has shifted from old-style on-premises physical servers to computer-generated networks that help apps and workloads across pools of bodily infrastructure and into a multi-cloud atmosphere. In this world, information exists and is linked through several data centers, the edge, and private and public clouds. The data center should be capable of
Read more

How Will Rapid Industrialization Drive Hydraulic Equipment Demand?

Image
The Government of India completed the construction of 2,734 projects under the Smart City Mission till 2021. The government is currently working on the construction of 100 smart cities, 6 new ports and 14 coastal economic zones (CEZs). Likewise, Infrastructure Australia (IA) approved the construction of 44 new infrastructure projects in February 2021. The rising construction activities, on account of the booming population and mounting investments being made in the construction sector, will propel the need for hydraulic equipment in the coming years. Additionally, the rapid industrialization in developing countries will drive the hydraulic equipment market growth during 2021–2030. According to P&S Intelligence, the market generated a revenue of $37 billion in 2020. For instance, the United Nations Industrial Development Organization (UNIDO) aims to offer institutional support to special economic zones (SEZs) and industrial and technology parks in Brazil. The UNIDO will help Brazil
Read more

Why Is OLED Material Consumption Highest in Asia-Pacific?

Image
The technology of TV displays has evolved significantly from the cathode ray tubes of the mid-20th century to the liquid crystal displays (LCDs) and light-emitting diodes (LEDs) of the first decade of the 21st century. With efforts on to make the displays even better, organic light-emitting diodes (OLEDs) have been invented, which are rapidly becoming popular in TVs, smartphones, laptops, tablets, and automotive displays. This is because of the several advantages OLED screens offer, including brighter pictures, larger viewing angles, ability to work in a wider temperature range, and lower power consumption. Moreover, OLEDs are so thin that they can be used for curved and folded screens, which are becoming rapidly popular, especially in wearable devices and other consumer electronics. Similarly, transparent displays, which are helping revolutionize advertising activities, have become possible due to OLEDs. P&S Intelligence cites these advantages and the constant research being put i
Read more