COVID-19 Impact on Industrial Automation – Thematic Research
- Pages: 13
- Published: March 2020
- Report Code: GDTMT-TR-R253
The COVID-19 outbreak is now travelling around the world, leaving a trail of destruction in its wake. This report discusses the impact of the virus on leading companies in the industrial automation sector.
This report analyzes the impact of COVID-19 on the global industrial automation sector.
It identifies those companies that may benefit from the impact of COVID-19 over a 12-month period, as well as those companies that will lose out.
It includes a thematic screen, that ranks the 58 leading companies in this sector on the basis of overall leadership in the 10 themes that matter most to their industry, including COVID-19. This generates a leading indicator of future performance.
Industrial automation was not in a great place before COVID-19 struck, having been slowed by flat capital expenditure and declining industrial production. The virus has since closed factories, with workers across the world sent home. It has exposed the fact that, despite a lot of hype over the years, advanced factory automation has not been substituted for human workers at scale.
The virus may serve to accelerate investment in factory automation when the global economy eventually rebounds, but that will take a while.
The fallout from COVID-19 will focus organizations on the need to automate faster in the medium term, not least to help bridge the productivity gap. Projects like Industrie 4.0 will have an important role to play. It is a pressing task, made all the more urgent by COVID-19. Had business moved with more alacrity and determination when it had the opportunity, it would be in a better position today. Those that missed the boat will have the motivation to prepare themselves better for future crises.
Reasons to buy
COVID-19 is by far the most significant theme to affect the technology industry in 2020. It is effectively a stress test on companies’ ability to cope with extreme shocks. COVID-19 will test the financial robustness of companies. Many companies will not survive this initial phase. Almost all others will suffer a significant drop in revenues. This report will help you understand the impact of COVID-19 on the industrial automation sector and identify which types of companies could potentially benefit from the impact of COVID-19, as well as those businesses that are set to lose out.
Table of Contents
COVID-19 is Now a Major Theme for 2020
COVID-19 Impact on Industrial Automation
Industrial Automation Sector Scorecard
Appendix: Our Thematic Research Methodology