The laboratory automation market is extremely fragmented, as most companies primarily focus on one or two technology segments rather than broadly participate in this market. In 2016, the laboratory automation market captured around 8% of the total analytical and life science instrumentation market, and we estimate it will grow 3.3% this year, mainly fueled by a healthy and growing pharmaceutical and biotechnology sector. The top six companies in the lab automation space account for 40% of the global market. Tecan, with a share of 9%, is the market leader. However, it is closely followed by Thermo Fisher Scientific and PerkinElmer. The next three major firms are Eppendorf, BIOVIA (formerly known as Accelrys until acquired by Dassault Systèmes) and Luminex, with slightly smaller shares.