Industrial Automation Q4 2023 Report

Jan 19, 2024

Strategic Shifts In Fourth Quarter

The industrial automation (IA) sector, characterized by its ever-evolving nature and technological innovation, experienced notable trends and strategic shifts in the fourth quarter of 2023. This period was marked by a strategic emphasis on integrating advanced technologies such as artificial intelligence and the industrial Internet of Things (IIoT), reflecting a shift towards smart-factory technologies and transformative M&A initiatives.

Highlights from the report:

  • Industrial Automation acquisitions for Q4 2023 were higher than numbers from the same quarter over the past 5 years.
  • Transaction numbers for the year show overall healthy activity.
  • Projections for 2024 suggest a continued positive trend.
  • Fluctuations in transaction volumes underscore the dynamic nature of the Industrial Automation sector, shaped by strategic acquisitions and evolving market trends.

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