The U.S. Industrial Automation Market: A New Era of Efficiency with Robotics and AI Integration

P&S Intelligence, a leading market research firm, has released its latest report on the U.S. industrial automation market, forecasting significant growth in the coming years. Valued at USD 49.8 billion in 2024, the market is projected to reach USD 103.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2032.

Key Market Drivers

The surge in market growth is primarily attributed to the rapid integration of robotics and automation technologies across various sectors, including manufacturing, logistics, and healthcare. Industrial robots are increasingly performing physically demanding or hazardous tasks such as part assembly, plasma welding, material packaging, and substance management. This shift not only enhances operational efficiency but also mitigates workplace injuries.

Furthermore, the adoption of collaborative robots (cobots) is on the rise. Unlike traditional robots, cobots work alongside human operators, assisting in tasks that require dexterity and decision-making. Equipped with advanced sensors and artificial intelligence (AI), cobots ensure higher productivity and safety in diverse industries, including healthcare, manufacturing, and retail.

Technological Advancements

Artificial Intelligence (AI) and Machine Learning (ML) are pivotal in transforming industrial operations. These technologies enable real-time data analysis from machines, sensors, and production lines, facilitating predictive maintenance and optimizing production processes. The integration of AI and ML leads to faster production speeds, enhanced efficiency, and reduced error rates, thereby driving the demand for automation solutions.

Workforce Transformation

The evolution of automation is reshaping the workforce landscape. While automation technologies handle repetitive and hazardous tasks, there is a growing demand for skilled professionals adept at deploying, programming, and maintaining these advanced systems. This shift necessitates a focus on workforce development and training to equip employees with the necessary technical skills to thrive in an automated environment.

Regional Insights

Geographically, the Midwest region remains the largest market for industrial automation in the U.S., driven by a strong manufacturing base. However, the Southern states are emerging as the fastest-growing regions, reflecting a shift in manufacturing activities and increased investments in automation technologies.

Market Outlook

The U.S. industrial automation market is entering a phase of significant expansion. With advancements in robotics, AI, and collaborative technologies, industries are poised to achieve higher levels of efficiency, safety, and productivity. As companies continue to embrace automation, the demand for innovative solutions and skilled professionals will intensify, presenting new opportunities and challenges in the evolving industrial landscape.

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South Korean E-Commerce Sector Booms with 6.3% CAGR, Fuelled by Digital Infrastructure and Evolving Consumer Trends

According to the latest market research study published by P&S Intelligence, the South Korean e‑commerce market reached USD 102.0 billion in 2024 and is projected to expand at a robust CAGR of 6.3% from 2025 to 2032, reaching USD 164.4 billion by 2032. This notable growth is fueled by a blend of factors—most notably, ever‑improving internet infrastructure, near-universal smartphone penetration, and evolving consumer behavior that favors mobile-first shopping. Over 99% of the population has internet access and more than half of online retail transactions occurred via digital channels in 2023.

Key enablers shaping this expansion include technological innovations—such as streamlined payment gateways and AI-powered personalization—plus regulatory frameworks designed to support secure online transactions. Credit and debit cards remain the dominant payment method, while hybrid business models (combining online and occasional offline presence) are emerging as the fastest-growing category. Together, these drivers are not only scaling the market but also fostering diversification and sophistication in the e‑commerce ecosystem.

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Key Insights

• The market segmentation analysis reveals contrasting growth dynamics: while credit/debit card usage leads payments, hybrid business models—which integrate online convenience with selective offline engagement—are becoming the fastest-growing model. The market remains fragmented, with many players vying for niche dominance, from vertical specialists to large multi-category platforms.
• From a regional and geographical standpoint, South Korea benefits from nearly universal internet access (~99% penetration), setting a strong digital foundation. The urban–rural digital divide is minimal, and dense metropolitan areas—especially Seoul and Busan—continue to lead in adoption and sales volume.
• Technological advancements are central to market transformation: investments in robust mobile infrastructure, high-speed broadband, and growth in mobile-first consumer behavior support smoother transactions and richer customer experiences. Enhanced digital payment ecosystems and AI-powered recommendation systems further heighten platform capabilities .
• On competitive dynamics, the landscape is marked by fragmentation: established platforms co-exist with agile newcomers, and there's momentum toward consolidation through strategic partnerships. Market leaders are strategically investing in personalization, logistics optimization, and backend automation—creating fertile ground for emerging opportunities.
• Emerging opportunities include expansion of hybrid commerce—merging digital storefronts with physical pop-up or pickup points—and growth in next-gen services like one-hour delivery, social commerce, and subscription-based models. There's also rising interest in segment-specific verticals (e.g., beauty, groceries, electronics), where niche players can achieve competitive advantage.
• Innovation-driven growth is being accelerated by government and private-sector efforts to bolster secure digital payments, encourage fintech solutions, and streamline logistics networks. These measures support rapid scaling and increased consumer confidence in cross-border online purchases.

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Global Thick-Film Resistor Market Poised for Steady Growth: Expected to Exceed $1 Billion by 2030

The global thick-film resistor market is demonstrating remarkable resilience and consistent growth, reflecting the increasing demand for reliable electronic components across diverse industries. Valued at USD 712.2 million in 2023, the market is projected to reach USD 1,014.2 million by 2030, representing a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2024 to 2030. This steady expansion underscores the critical role thick-film resistors play in modern electronic systems and their growing importance in emerging technologies.

Understanding Thick-Film Resistor Technology

Thick-film resistors represent a fundamental component in electronic circuits, manufactured using screen-printing techniques to deposit resistive materials onto ceramic substrates. These components are characterized by their durability, cost-effectiveness, and versatility in various applications. The manufacturing process involves printing resistive pastes containing conductive particles, glass frit, and organic binders onto substrates, followed by high-temperature firing to create stable resistive elements.

The technology offers several advantages over alternative resistor types, including excellent temperature stability, high power handling capabilities, and superior noise performance. Thick-film resistors can be precisely manufactured to meet specific resistance values and tolerances, making them ideal for applications requiring consistent performance across varying environmental conditions. Their robust construction enables reliable operation in harsh environments, contributing to their widespread adoption across multiple industries.

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Key Market Drivers and Growth Catalysts

The expanding consumer electronics sector serves as a primary driver for thick-film resistor market growth. The proliferation of smartphones, tablets, wearable devices, and smart home appliances has created substantial demand for compact, reliable electronic components. Each device typically contains numerous resistors for current limiting, voltage division, and signal conditioning applications, directly translating consumer electronics growth into resistor market expansion.

The automotive industry's digital transformation represents another significant growth catalyst. Modern vehicles incorporate sophisticated electronic systems for engine management, safety features, infotainment systems, and autonomous driving capabilities. Electric vehicles, in particular, require extensive electronic control systems that rely heavily on thick-film resistors for power management and signal processing applications. As automotive electrification accelerates, demand for high-performance resistors continues to surge.

Industrial automation and Internet of Things (IoT) deployments are creating new market opportunities. Smart manufacturing systems, process control equipment, and connected devices require reliable electronic components capable of operating in demanding industrial environments. Thick-film resistors' robustness and stability make them particularly suitable for these applications, driving increased adoption in industrial sectors.

Technological Advancements and Innovation

The thick-film resistor industry is witnessing continuous technological advancement aimed at improving performance and expanding application possibilities. Manufacturers are developing specialized resistor formulations optimized for high-frequency applications, enabling their use in 5G telecommunications equipment and advanced radar systems. These innovations involve precise control of resistive material composition and improved manufacturing processes to achieve superior electrical characteristics.

Miniaturization trends are driving development of ultra-compact thick-film resistors without compromising performance. Advanced manufacturing techniques enable production of resistors in increasingly smaller packages while maintaining power handling capabilities and thermal stability. This miniaturization supports the electronics industry's ongoing quest for smaller, more efficient devices.

Environmental considerations are also influencing product development, with manufacturers focusing on lead-free and environmentally friendly materials. These initiatives align with global sustainability goals while meeting stringent regulatory requirements for electronic components used in consumer and industrial applications.

Market Segmentation and Applications

The thick-film resistor market encompasses various product categories including chip resistors, networks, and arrays. Chip resistors dominate the market due to their widespread use in surface-mount technology applications. These components are essential in virtually all electronic devices, from simple consumer products to complex industrial systems.

Application segments span across telecommunications, automotive, consumer electronics, industrial equipment, and medical devices. The telecommunications sector is experiencing particularly strong growth due to 5G infrastructure deployment and increasing data transmission requirements. Medical device applications are also expanding as healthcare technology becomes more sophisticated and digitized.

Regional Market Dynamics and Competition

Asia-Pacific currently dominates the global thick-film resistor market, driven by the region's position as a global electronics manufacturing hub. Countries like China, Japan, and South Korea host major resistor manufacturers and extensive electronics assembly operations. The region's continued investment in technology infrastructure and manufacturing capabilities supports sustained market growth.

North America and Europe represent mature markets with steady demand driven by automotive electronics, industrial automation, and telecommunications applications. These regions are also leading in advanced technology adoption, creating opportunities for high-performance resistor products.

Future Outlook and Market Prospects

The projected growth from USD 712.2 million in 2023 to USD 1,014.2 million by 2030 reflects the thick-film resistor market's fundamental strength and adaptability. As electronic systems become increasingly sophisticated and prevalent across industries, demand for reliable, cost-effective resistive components will continue growing.

Emerging technologies such as artificial intelligence, edge computing, and renewable energy systems are creating new application opportunities. The ongoing digital transformation across industries ensures sustained demand for electronic components, positioning the thick-film resistor market for continued expansion and innovation in the years ahead.

Related Keywords: thick-film resistors, electronic components, resistor technology, surface mount resistors, electronic manufacturing, passive components, resistor market, semiconductor components, electronic circuits, resistive elements

 

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Automotive Emission Test Equipment Market Accelerates Growth: Projected to Reach $1.16 Billion by 2030

The global automotive emission test equipment market is experiencing robust expansion, driven by increasingly stringent environmental regulations and the automotive industry's commitment to cleaner technologies. With revenue reaching USD 826.5 million in 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030, ultimately reaching USD 1,164.5 million by the end of the forecast period. This steady growth reflects the critical role emission testing plays in ensuring vehicle compliance with environmental standards worldwide.

The Critical Role of Emission Testing Equipment

Automotive emission test equipment encompasses a comprehensive range of sophisticated instruments designed to measure and analyze pollutants released by vehicles. These systems evaluate various harmful emissions including carbon monoxide (CO), nitrogen oxides (NOx), hydrocarbons (HC), particulate matter (PM), and carbon dioxide (CO2). The equipment ranges from portable analyzers used in roadside inspections to comprehensive dynamometer systems employed in laboratory settings.

Modern emission testing equipment incorporates advanced technologies such as infrared spectroscopy, electrochemical sensors, and flame ionization detection. These instruments provide precise measurements essential for vehicle manufacturers, regulatory agencies, and testing facilities to ensure compliance with environmental standards. The accuracy and reliability of these systems are paramount as they directly impact air quality and public health outcomes.

Regulatory Landscape Driving Market Growth

The primary catalyst for market expansion is the implementation of increasingly stringent emission regulations worldwide. The European Union's Euro 7 standards, scheduled for implementation in the coming years, will impose even stricter limits on vehicle emissions. Similarly, the United States continues to tighten Corporate Average Fuel Economy (CAFE) standards, while countries like India and China are adopting more rigorous emission norms based on international standards.

These regulatory pressures are compelling automotive manufacturers to invest heavily in emission testing capabilities throughout the vehicle development process. From initial design phases to production line testing and post-market surveillance, comprehensive emission testing has become integral to automotive manufacturing operations. Testing facilities and regulatory agencies are simultaneously upgrading their equipment to handle new testing protocols and standards.

Technological Advancements Shaping the Market

The automotive emission test equipment market is witnessing significant technological evolution. Real-time emission monitoring systems are becoming more sophisticated, enabling continuous assessment of vehicle performance under various operating conditions. Portable emission measurement systems (PEMS) are gaining popularity for on-road testing, providing more realistic emission data compared to traditional laboratory testing.

Integration of artificial intelligence and machine learning technologies is enhancing testing accuracy and efficiency. These smart systems can identify patterns in emission data, predict potential failures, and optimize testing procedures. Additionally, cloud-based data management platforms are enabling better data analysis and regulatory reporting capabilities.

Market Segmentation and Applications

The market encompasses various equipment types including chassis dynamometers, engine dynamometers, gas analyzers, smoke meters, and opacity meters. Chassis dynamometers represent the largest segment due to their widespread use in vehicle certification testing. Gas analyzers are experiencing rapid growth as they become essential for measuring multiple pollutants simultaneously.

Applications span across vehicle manufacturers, independent testing laboratories, government regulatory agencies, and automotive service centers. Original equipment manufacturers (OEMs) constitute the largest end-user segment, driven by the need for extensive testing during vehicle development and production processes.

Regional Market Dynamics

Europe currently dominates the automotive emission test equipment market, driven by stringent EU emission regulations and the presence of major automotive manufacturers. The region's commitment to achieving carbon neutrality by 2050 is further accelerating demand for advanced testing equipment.

Asia-Pacific is emerging as the fastest-growing market, led by countries like China and India implementing stricter emission standards. The region's expanding automotive production and growing environmental consciousness are creating substantial opportunities for emission testing equipment manufacturers.

Electric Vehicle Impact and Future Outlook

The transition to electric vehicles presents both challenges and opportunities for the emission test equipment market. While electric vehicles produce zero direct emissions, hybrid vehicles still require comprehensive testing. Additionally, the growing focus on battery manufacturing emissions and lifecycle assessments is creating new testing requirements.

The market's projected growth from USD 826.5 million in 2023 to USD 1,164.5 million by 2030 reflects the continuing importance of emission testing in achieving global environmental goals. As regulations become more stringent and testing technologies advance, the automotive emission test equipment market will remain essential for ensuring cleaner transportation and protecting air quality worldwide. 

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Rising Demand for Affordable Mobile Services Fuels U.S. MVNO Market Growth

According to the latest market research study published by P&S Intelligence, the U.S. MVNO market was valued at USD 30 billion in 2024 and is projected to reach approximately USD 52.9 billion by 2032, reflecting a 7.5% CAGR over the 2025–2032 forecast period. This impressive growth is driven by consumer preference for cost–effective, prepaid plans with no contractual obligations, offering notable flexibility and savings compared to traditional mobile options.

Geographical trends indicate that the Southern U.S. commands the largest market share, while the Western region is emerging as the fastest-growing, showcasing growing adoption driven by demographic shifts and regional mobile demand. The market remains highly fragmented, with numerous MVNOs leveraging niche offers, regional strategies, and price-focused plans to attract a broad customer base.

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Key Insights

• Segmentation by business model shows strong preference for prepaid, no-contract plans, reflecting rising consumer demand for pricing transparency and flexibility.
• Regional trends reveal the South as the revenue leader, while the West is the fastest-growth market, offering extensive opportunities for tailored regional strategies.
• Economical service delivery remains the central market driver—end users increasingly turn to MVNOs to access wireless connectivity at lower cost compared to traditional carriers.
• Fragmented competitive landscape allows a diverse array of operators to thrive—many specialize in targeted segments such as value-conscious customers, rural communities, or small and medium businesses.
• Growth trajectory suggests significant upside for new entrants and niche players, with the market expected to nearly double in size, increasing from USD 30 billion (2024) to USD 52.9 billion (2032).
• Pricing advantage stands as a major differentiator: MVNOs capitalize on wholesale agreements to offer competitive pricing without long-term commitments.
• Agile market strategies—including customizable plans, digital-first customer service, and flexible billing—will be critical in capturing and retaining market share.
• Regional expansion opportunities are particularly strong in the Western U.S., where growth outpaces overall national trends.
• Fragmentation fosters innovation: operators focusing on specific demographics or use-cases (e.g., families, senior citizens, IoT solutions) can leverage personalization to distinguish themselves.
• Market maturity signals future consolidation opportunities, especially among MVNOs that deliver high-value and targeted services.

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Creatio and BigML Innovations Spotlight Rising Momentum in U.S. AutoML Sector

According to the latest market research study published by P&S Intelligence, the U.S. automated machine learning (AutoML) market is witnessing a substantial surge, with its size climbing from USD 428.6 million in 2024 to an anticipated USD 535.8 million in 2025. Forecasts project a robust compound annual growth rate (CAGR) of 26% between 2025 and 2032, ultimately reaching an impressive USD 2.70 billion by 2032. This expansion is being fueled by the rising integration of AutoML across industries that seek to enhance operational efficiency, derive actionable insights from complex data, and foster intelligent automation. Notably, the widespread embrace of no-code and low-code platforms is revolutionizing user accessibility, empowering even non-technical professionals to leverage machine learning models independently. Platforms like BigML and Creatio are leading this transformation, offering intuitive interfaces and scalable solutions that meet the demands of both enterprises and SMEs.

The market is also experiencing a significant shift toward cloud-based deployment, which enables faster implementation, lower infrastructure costs, and greater scalability. As cloud-native solutions dominate the landscape, businesses are increasingly drawn to AutoML’s ability to generate insights with minimal human intervention, thereby driving smarter, faster decisions. With strong investments in technology and rising awareness of AI benefits, the AutoML market in the U.S. is primed for exponential growth.

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Key Insights

• Cloud deployment leads the U.S. AutoML market, accounting for nearly 80% of revenue in 2024. Its dominance is attributed to benefits like cost efficiency, simplified updates, and flexible access to resources, making it a preferred choice for companies of all sizes.
• Sales and marketing management holds the largest application share, with nearly 60% of usage in 2024. Companies are leveraging AutoML for customer behavior analysis, personalized marketing campaigns, and improved lead conversion rates.
• The rise of no-code and low-code AutoML platforms is reshaping the development landscape. These tools represent over 70% of software development by democratizing model creation and empowering non-developers to participate in AI initiatives.
• Western U.S. leads the market in terms of revenue generation, driven by the strong presence of tech-forward industries and innovation hubs. Meanwhile, the Northeastern region is expected to witness the fastest growth rate during the forecast period due to increased investment in AI infrastructure and digital transformation initiatives.
• The SME segment is rapidly catching up, as affordable and user-friendly AutoML platforms reduce barriers to entry. SMEs are increasingly adopting AI to streamline operations, enhance customer engagement, and gain competitive advantages.
• Technological advancements are accelerating market dynamics. For instance, BigML introduced its Association Discovery feature in December 2024, enhancing its platform's capabilities in uncovering hidden data relationships.
• Creatio’s successful $200 million funding round in June 2024 highlights growing investor confidence in no-code automation platforms, further propelling AutoML adoption across new industry verticals.
• The AutoML market’s growth trajectory is supported by heightened focus on AI-driven decision-making, rising demand for automated data processing, and the strategic push by organizations to integrate intelligence across their digital ecosystems.
• Companies are prioritizing platforms that offer integration ease, automated preprocessing, and robust data visualization tools, which are essential for scaling AI initiatives across diverse departments.
• The overall ecosystem is maturing, with vendors focusing on enhancing platform interoperability, embedding explainability features, and supporting multi-cloud environments to address evolving business needs.

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Digital Innovation and Regulation Fuel Growth in U.S. Custody and Asset Services Market

According to the latest market research study published by P&S Intelligence, the U.S. custody, asset & securities services market is on a promising trajectory, with its value expected to soar from USD 35.5 billion in 2024 to an impressive USD 62.6 billion by 2032, growing at a CAGR of 7.5% over the forecast period. This robust expansion reflects a growing reliance on regulated custodial and asset management solutions across financial institutions and investment firms.

Increased regulatory oversight and the demand for secure, transparent, and efficient asset handling are key forces reshaping the industry. The market’s consolidation, particularly in the Northeast region, coupled with rapid digital transformation in the West, signals strong regional diversification and technological advancement that are setting the tone for the sector’s evolution.

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Key Insights

• The U.S. custody, asset & securities services market is forecast to rise from USD 37.8 billion in 2025 to USD 62.6 billion by 2032, demonstrating steady momentum and long-term investment appeal.
• The Northeast region continues to dominate the market in terms of revenue share, underpinned by the presence of major financial hubs and established institutions.
• The West region is registering the fastest growth rate, driven by tech-forward adoption of digital platforms and innovative custody solutions.
• Market consolidation is evident, with a few key players holding significant market control, reflecting high entry barriers and a strong preference for established, trustworthy service providers.
• Regulatory trends are pushing for deeper transparency, real-time auditing capabilities, and enhanced compliance, prompting firms to revamp legacy infrastructure.
• Technological advancements—such as automated custody operations, real-time transaction capabilities, and robust data reporting—are creating competitive differentiation.
• Financial service providers are integrating digital asset management tools to cater to evolving client demands and regulatory obligations.
• Major players are capitalizing on bundled offerings that combine custody, compliance, analytics, and real-time servicing, providing holistic value to institutional clients.
• The future of the market lies in its adaptability, with nearly USD 63 billion in potential by 2032, indicating ample space for innovation and strategic investment.

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