AUTOMATE UK has published a new report highlighting the key insights, challenges and opportunities for the automation sector in 2024.
The report provides an overview of recent and expected industry developments based on the survey of Automate UK members, wider industry experts, and automation technology end users.
As the report reveals, 2023 saw the ‘continuation and worsening’ of various challenges that emerged during the pandemic. 73% of end users reported supply chain issues as having the biggest impact, with the flow of vital components being disrupted and costs driven up. Contributing factors include the rise of geopolitical tensions, cyber-security breaches, and the lack of skilled and unskilled labour following Brexit.
81% of survey respondents cited automation as their main challenge for 2023. The customisation of products, low availability of skilled labour, and difficulty in keeping pace with technological advancements posed particular challenges. The expected cost of investment has been reported as a major hurdle to the adoption of automation among SME businesses.
Automate UK’s report has pointed to continued industry growth, with almost 80% of respondents sharing such confidence. The trade association has promised to foster innovation and collaboration through initiatives such as the UK Automation Forum and Automate BEST.
2024 is widely expected to be a positive year for the automation sector, with 67% of respondents saying they feel optimistic or very optimistic about the coming months. Such confidence is likely to make for increased capital expenditure, AI technology integration, and transformative growth.
“As well as demonstrating the desire of end-user companies for the greater adoption of automation, this report also sets out some of the perceived challenges and barriers to success,” said Peter Williamson, CEO of Automate UK. “By identifying these challenges, we are helping our members to work more collaboratively with their customers to break down these perceived barriers for mutual benefit.”
The full report is available to download at https://www.automate-uk.com/industry-insights-2023-2024/
