Asia Pacific Industrial Control System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The Asian-Pacific industrial control system market is expected to register a CAGR of 9.83% over the forecast period. The outbreak of the COVID-19 pandemic has triggered the manufacturing sector to re-evaluate its conventional production processes, fundamentally driving digital transformation and factory automation practices across the production lines. Manufacturers must devise and deploy multiple new and agile approaches to monitor product and quality control.
Key HighlightsThe Asian-Pacific industrial control system market is moderately consolidated, with many market players cornering a minimal share. The development of regional markets and increasing shares of local players in foreign direct investments are the major factors promoting the fragmented nature of the market.
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