IIAREE/IETF 2023

Name: IIAREE/IETF 2023
Start: 2023-02-16T10:00:00+05:30
End: 2023-02-18T18:00:00+05:30
Location: Pragati Maidan, New Delhi, Delhi, India

Thu, February 16, 2023 - Sat, February 18, 2023 (10:00 am - 6:00 pm)Asia/Kolkata

Pragati Maidan
Pragati Maidan, New Delhi, Delhi, India

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Description

The industrial automation and instrumentation market in India is estimated to grow by USD 1.92 billion from 2020 to 2025, and the market’s growth is anticipated to accelerate at a CAGR of 8.62%. The global market for industrial robots was sized at about 43.8 billion U.S. dollars in 2021. The market is expected to grow at a compound annual growth rate (CAGR) of around 10 percent, reaching almost 70.6 billion U.S. dollars by 2028. India Industrial Robotics Market CAGR is expected to be 13% during the forecast period and the market size is expected to reach nearly US$ 9.02 Bn. by 2027. By 2025, India aims to achieve a GDP of $5 trillion and a digital economy of $1 trillion. Since electronics underpin manufacturing, the demand for electronic products will rise to $400 billion by 2025. The domestic market is expected to increase from US$65 billion to US$180 billion over the next 5 years. This will make electronics amongst India’s 2-3 top ranking exports by 2026. Of the US$300 billion, exports are expected to increase from the projected US$15 billion in 2021-22 to US$120 billion by 2026.

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