Rockwell Automation, Inc.

(New York Stock Exchange)
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Bullish +75

Indian firms spending 1.6x more than global peers on smart mfg in high spend bracket: Rockwell

AI-generated analysis

πŸ“ˆ Indian firms in the high-spend bracket are investing 1.6 times more than global peers in smart manufacturing technology.

πŸ€– According to Rockwell Automation, 88% of Indian manufacturers currently utilize AI and machine learning in their operations.

πŸ“Š The adoption of AI-augmented operations is projected to rise from 41% today to 61% by the year 2030.

🏭 A recent survey covered 1,560 decision-makers from 17 top manufacturing countries, with over half representing companies exceeding USD 1 billion in revenue.

πŸ’Ό Dilip Sawhney, MD of Rockwell Automation India, stated that the focus has shifted from adopting digital tools to scaling them effectively.

πŸ‘· More than half of the surveyed Indian firms are using technology to create more engaging jobs for their workforce.

🧠 48% of companies are leveraging AI/ML technologies specifically to address labor gaps within their operations.

🎯 81% of respondents indicated that applying AI is considered a very or extremely important skill for hiring new employees.

πŸ“‰ The State of Smart Manufacturing Report highlights that digital transformation is now imperative for maintaining competitiveness in the sector.

Bullish Signals
  • Indian companies are investing heavily in smart manufacturing, outspending global counterparts by spending 1.6 times more than peers in the high-spend bracket.
  • The focus has shifted from adopting digital tools to scaling them effectively, indicating strong maturity in digital transformation adoption.
  • 88 per cent of Indian manufacturers are already using artificial intelligence and machine learning technologies in operations.
  • AI-augmented operations are expected to grow from 41 per cent today to 61 per cent by 2030, signaling significant future growth potential.
  • Technology is being used to create jobs and address labor shortages, with 81 per cent of firms considering AI skills crucial for hiring.
  • The study covered 1,560 decision-makers from 17 top manufacturing countries, including more than half (52 per cent) representing companies with over USD 1 billion in revenue.
Full Analysis
Indian manufacturers are investing significantly more in smart manufacturing technology than their global counterparts, according to a recent report by Rockwell Automation. The State of Smart Manufacturing Report reveals that companies in the high-spend bracket (51-99 percent budget allocation) in India are spending 1.6 times more on industrial technology compared to peers worldwide. This trend is driven by a strategic shift from merely adopting digital tools to effectively scaling them to maintain competitiveness in the global market. The study, which surveyed 1,560 decision-makers across 17 top manufacturing countries including over half representing companies with revenue exceeding USD 1 billion, highlights that 88 percent of Indian manufacturers are already utilizing artificial intelligence and machine learning in their operations. Currently, 41 percent of these operations are AI-augmented, a figure projected to rise to 47 percent by 2027 and 61 percent by 2030. Beyond operational efficiency, technology is being leveraged to address labor shortages, with more than half of the firms using tech to create engaging jobs and 81 percent considering AI skills crucial for hiring.