Government Initiatives to Promote Industrial Automation Expected To Drive Growth Of Pharmaceutical Automation Market

Major economies across the globe are implementing Industry 4.0 technologies, including IoT, artificial intelligence, robotics, cloud, and analytics, to transition to smart manufacturing. Therefore, governments worldwide are encouraging the adoption of disruptive technologies, including industrial automation. Tax benefits, R&D investments, and the development of promotional ventures & platforms are some of the initiatives undertaken by governments worldwide to promote the adoption of industrial IoT technology.

The Japanese government is investing in the Society 5.0 initiative to create a society that integrates digital technology and human capabilities. The initiative envisions the seamless integration of various technologies into everyday life, including AI, IoT, robotics, autonomous systems, and advanced data analytics. These technologies are being adopted in various sectors, including healthcare, transportation, education, and manufacturing.

Furthermore, in January 2021, the European Commission launched the Horizon2020 framework, comprising 24 new robotics projects. The framework covered various research and innovation topics — from manufacturing, commercial, and healthcare use to consumer, transportation, and agri-food robotics. In addition, Poland is becoming a major manufacturing power in Europe due to the demand for new and innovative manufacturing technologies. The Polish government has announced incentives for advanced manufacturing and industrial transformation and also provides grants to support industry research. Such initiatives are supporting the adoption of automation technologies across industries, driving the growth of the pharmaceutical automation market.

Conclusion

Governments are proactively supporting the global shift towards Industry 4.0 technologies through various initiatives such as Tax benefits, R&D investments, and the development of promotional ventures & platforms. These initiatives are aimed at promoting the adoption of disruptive technologies such as IoT, artificial intelligence, robotics, cloud, and analytics, which are essential for advancing smart manufacturing and enhancing industrial capabilities across several sectors. Such initiatives are driving the growth of automation technologies across industries, particularly in the pharmaceutical sector.

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