Sector Outlook

Industrial Automation and Instrumentation market in India is expected to register an incremental growth of USD 2.58 billion from 2020 – 2024 progressing at a CAGR of over 10% ( source : Report by Technavio).

Experts predict immense growth in the Industry driven by rise in demand for advanced technologies such as Robotics, Artificial Intelligence ( AI) , IIoT , etc. Considerable growth is predicted to come from the segments of AI , Drones , 3 D printing & Mechatronics . Being a technology driven sector having high technology products , demand is high for skilled manpower having domain expertise. Demand of skilled manpower in this sector will remain there due to high growth in the sector.

NASSCOM predicts that by 2022 end a startling 46% of Indian workforce will be engaged in entirely new jobs that were not existing earlier. These jobs will require radically changed skill sets.

Skills required by Industry mainly includes hands on knowledge on PLC , SCADA , Sensors , Pneumatics, Hydraulics , Measuring devices , mechatronic System , Industry 4.0 technologies like vision system , IIoT , AR/VR , 3 D Printing , cloud , collaborative Robots , Cyber security etc.

Surveillance Industry is experiencing a phenomenal growth of 27.16% CAGR. Government projects like SMART Cities , citywide surveillance and educational reforms have also fueled the need of highly impactful surveillance solutions. The biggest factor driving the Industry growth has been the recent innovations in surveillance security and network offerings. The ongoing digitization and the ever increasing deployment of IP-driven surveillance systems are further catalyzing this market growth.