Reports
Global Industrial Automation Market Size, Share, Forecast: By Devices: Machine Vision, Robotics, Sensors, Motion and Drives, Relays and Switches, Others; By Control System: Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Industrial Automation Market Outlook
The global industrial automation market attained USD 192.74 billion in 2023. The market is expected to grow at a CAGR of 8.6% in the forecast period of 2024-2032 to attain USD 401.48 billion by 2032.
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Growing Demand for Smarter Systems Drives the Global Market for Industrial Automation
The Asia Pacific contributed significantly to the global market for industrial automation. This is due to the production plants of key players of this industry in these areas due to low cost as well as the rise of new players, especially in China and Japan. Furthermore, the market in the Asia Pacific is predicted to grow at the fastest rate in the forecast period. Growing demand for smarter solutions to manage industrial plants is driving this growth in the Asia Pacific countries, such as India, China, and South Korea. Followed by the Asia Pacific, North America holds a significant share of the market revenue and is estimated to grow at a healthy pace in the forecast period as well. Increasing adoption of factory automation systems by more manufacturers and the rise in IoT research and development is propelling the market forward, and aiding regional growth.
Industrial Automation: Market Segmentation
Industrial automation is the usage of control systems, such as computers or robots, and information technologies for handling processes that were earlier performed by humans on a larger scale. This provides greater direct integration of the physical world into computer-based systems, aiding many advantages such as increased efficiency, control, precision, and greater cost-effectiveness.
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By devices, the market is bifurcated into:
- Machine Vision
- Robotics
- Sensors
- Motion and Drives
- Relays and Switches
- Others
On the basis of control system, the market is segmented into:
- Supervisory Control and Data Acquisition (SCADA)
- Distributed Control System (DCS)
- Programmable Logic Controller (PLC)
- Manufacturing Execution System (MES)
- Product Lifecycle Management (PLM)
- Enterprise Resource Planning (ERP)
- Human Machine Interface (HMI)
- Others
In terms of application, the market is segregated into:
- Discrete Industry, which is further subdivided into:
- Automotive
- Packaging
- Food Processing
- Textile
- Others
- Process Industry, which is further subdivided into:
- Chemical
- Power
- Oil and Gas
- Healthcare and Pharma
- Plastic
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Digital Transformation Drives the Global Market for Industrial Automation
Manufacturing industries are witnessing rapid overhaul as manual work is increasingly being replaced by smart robots and automation driven systems. To meet the current demand for production, automation is seen as the need of the hour. Furthermore, demand for precise production and high-quality without compromising on quantity drives the market for industrial automation. Favourable government policies in the manufacturing sector and growth of the sector in emerging economies propel this industry forward. An increasing need for digital transformation across almost all major industries such as healthcare, transportation, retail, etc., is also accelerating the market for industrial automation. As the potential of IoT and interconnectivity is realized, the industry is expected to grow at a fast rate in the forecast period.
Key Industry Players in the Global Industrial Automation Market
The report gives a detailed analysis of the following key players in the global kiosks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Siemens AG
- Emerson Electric Co.
- ABB Ltd.
- Rockwell Automation, Inc.
- Mitsubishi Electric Corporation
- Schneider Electric
- Texas Instruments Incorporated
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Devices, Control System, Application, Region |
| Breakup by Devices | Machine Vision, Robotics, Sensors, Motion and Drives, Relays and Switches, Others |
| Breakup by Control System | Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Human Machine Interface (HMI), Others |
| Breakup by Application | Discrete Industry, Process Industry |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Siemens AG, Emerson Electric Co., ABB Ltd., Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric, Texas Instruments Incorporated, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Automation Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Automation Historical Market (2018-2023)
8.3 Global Industrial Automation Market Forecast (2024-2032)
8.4 Global Industrial Automation Market by Devices
8.4.1 Machine Vision
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Robotics
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Sensors
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Motion and Drives
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Relays and Switches
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Industrial Automation Market by Control System
8.5.1 Supervisory Control and Data Acquisition (SCADA)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Distributed Control System (DCS)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Programmable Logic Controller (PLC)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Manufacturing Execution System (MES)
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Product Lifecycle Management (PLM)
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Enterprise Resource Planning (ERP)
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Human Machine Interface (HMI)
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Industrial Automation Market by Application
8.6.1 Discrete Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Industry
8.6.1.3.1 Automotive
8.6.1.3.2 Packaging
8.6.1.3.3 Food Processing
8.6.1.3.4 Textile
8.6.1.3.5 Others
8.6.2 Process Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Industry
8.6.2.3.1 Chemical
8.6.2.3.2 Power
8.6.2.3.3 Oil and Gas
8.6.2.3.4 Healthcare and Pharma
8.6.2.3.5 Plastic
8.6.2.3.6 Others
8.7 Global Industrial Automation Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Industrial Automation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Industrial Automation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Industrial Automation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Industrial Automation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Industrial Automation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Siemens AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Emerson Electric Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 ABB Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rockwell Automation, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mitsubishi Electric Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Schneider Electric
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Texas Instruments Incorporated
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Automation Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Automation Historical Market: Breakup by Device (USD Billion), 2018-2023
3. Global Industrial Automation Market Forecast: Breakup by Device (USD Billion), 2024-2032
4. Global Industrial Automation Historical Market: Breakup by Control System (USD Billion), 2018-2023
5. Global Industrial Automation Market Forecast: Breakup by Control System (USD Billion), 2024-2032
6. Global Industrial Automation Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Industrial Automation Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Industrial Automation Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Industrial Automation Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Industrial Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Industrial Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Industrial Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Industrial Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Industrial Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Industrial Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Industrial Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Industrial Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Industrial Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Industrial Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Industrial Automation Market Structure
Key Questions Answered in the Report
In 2023, the global industrial automation market attained a value of nearly USD 192.74 billion.
The market is projected to grow at a CAGR of 8.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 401.48 billion by 2032.
The major drivers of the market include increasing industrialisation and the growing demand for smarter solutions to manage industrial plants.
The trends in the market include the rising demand for precise production and high-quality automation control system and the emerging technologies like AR and VR.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Machine vision, robotics, sensors, motion and drives, and relays and switches, among others are the leading devices in the market.
Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), and Human Machine Interface (HMI), among others are the significant control systems in the market.
Discrete industry and process industry are the two major applications. Discrete industry can be further divided into automotive, packaging, food processing, and textile, among others. Process industry is further categorised into chemical, power, oil and gas, healthcare and pharma, and plastic, among others.
The key players in the global industrial automation market are Siemens AG, Emerson Electric Co., ABB Ltd., Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric, and Texas Instruments Incorporated, among others.
Analyst Review
The global industrial automation market attained a value of USD 192.74 billion in 2023, driven by the growing demand for smarter solutions to manage industrial plants. The market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 8.6%. The market is projected to reach USD 401.48 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its devices, the industrial automation industry can be segmented into Machine vision, robotics, sensors, motion and drives, relays and switches, among others. On the basis of control systems, the market is divided into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), and Human Machine Interface (HMI), among others. Discrete industry and process industry are the two major application sectors. discrete industry can be further divided into automotive, packaging, food processing, and textile, among others. Process industry is further categorised into chemical, power, oil and gas, healthcare and pharma, and plastic, among others. The major regional markets for industrial automation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Siemens AG, Emerson Electric Co., ABB Ltd., Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric, and Texas Instruments Incorporated, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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