An automaton is a network of self-operating machines that are designed to perform a predefined sequence of operations. Automation is majorly integrated in the logistics sector to make operations easier and smoother. The integration of latest technologies and tools in the logistics sector have ensured that all the tasks and operations are highly coordinated, which further smoothens the product delivery process in an organization. Moreover, transportation management systems (TMS) and warehouse management systems (WMS) are being adopted in the logistics sector for connecting all the departments of an organization through a singular platform, which increases the control over operational activities. TMS and WMS can also provide real-time data from suppliers and internal systems.
Market Dynamics
Rising adoption of the internet of things (IoT) and artificial intelligence (AI) in the automotive logistics sector is expected to drive the market growth. Advantages associated with automation in logistics sector such as enhanced accuracy and reduction in error for product handling, fetching of real-time freight rates, accurate real-time freight data analysis, improved customer service, growing retail, e-commerce & healthcare sectors, and rising investments and product launches in the logistics automation sector are further expected to propel the demand for logistics automation market over the forecast period. For instance, SwanLeap Inc. is offering a transportation management system that uses artificial intelligence for real-time visibility in the supply chain for streamlining the entire logistics process.
However, the high initial cost of hardware and software components that are used in logistics automation is expected to restrain the growth of the global logistics automation market over the forecast period.
Market Taxonomy
This report segments the global logistics automation market on the basis of component, mode of transportation, enterprise size, application, end-use industries, and region. On the basis of component, global logistics automation market is segmented into hardware, software, and services. On the basis of mode of transportation, the global logistics automation market is segmented into airways, railways and roadways, and seaways. On the basis of enterprise size, the global logistics automation market is segmented into SME and large enterprises. On the basis of application, global logistics automation market is segmented into warehouse and storage management, and transportation management. On the basis of end-use Industries, global logistics automation market is segmented into manufacturing, healthcare and pharmaceuticals, fast-moving consumer goods (FMCG), retail and e-commerce, aerospace and defense, oil, gas, and energy, chemicals, and others (paper & printing, and textiles & clothing). On the basis of region, global logistics automation market is segmented into North America, Latin America, Europe, Asia pacific, Middle East, and Africa.
Key features of the study:
Detailed Segmentation:
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