Global Industrial Automation Market Set For Rapid Growth, To Reach Value Around USD 321.93 Billion By 2024

08-Oct-2018 | Zion Market Research

Zion Market Research has published a new report titled “Industrial Automation Market by Type (Programmable Automation and Fixed Automation), by Technology (Programmable Automation Controller (PAC), Supervisory control and data acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Human Machine Interface (HMI)), and by End-user (Oil & Gas, Machine Manufacturing, Electrical & Electronics, Aerospace & Defense, Chemical, Pharmaceuticals, Automotive & Transportation, Food & Beverages, Mining & Metals, and Electric Power Generation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024”. According to the report, global industrial automation market was valued at approximately USD 207.17 billion in 2017 and is expected to generate revenue of around USD 321.93 billion by the end of 2024, growing at a CAGR of around 6.5% between 2018 and 2024.   

Industrial automation benefits from high productivity, quality, flexibility, information accuracy, and safety. Moreover, it also benefits from operating multiple processes in a controlled manner. In addition to this, it has become crucial for the companies to increase their productivity by automation which leads to the shifting demands of the end-users. Technological advancements such as development in the computer-aided systems, engineering technologies, internet of things (IoT) are the strong factors positively influencing the market. Rising demand for fast production capacities is largely propelling the market growth. High demand majorly exists in automotive assemblies, aircraft, boilers, telecom networks, machinery systems, and others.

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Browse the full "Industrial Automation Market by Type (Programmable Automation and Fixed Automation), by Technology (Programmable Automation Controller (PAC), Supervisory control and data acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Human Machine Interface (HMI)), and by End-user (Oil & Gas, Machine Manufacturing, Electrical & Electronics, Aerospace & Defense, Chemical, Pharmaceuticals, Automotive & Transportation, Food & Beverages, Mining & Metals, and Electric Power Generation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/industrial-automation-market

Based on the technology, the market is segmented into Programmable Automation Controller (PAC), Supervisory control and data acquisition (SCADA), Human Machine Interface (HMI), Distributed Control System (DCS), and Programmable Logic Controller (PLC). Distributed control system accounted for a major market share in 2017. The DCS handles the entire control system of a single automation system. DCS benefits the industry players in reducing the downtime and improve the production by using optimal resources. Moreover, DCS in the application of oil & gas industry benefits in increasing the exploration activities in oil fields. In addition to this, it also benefits the manufacturing plants by simplifying complex operations, ensuring decision integrity, and increasing productivity. Such benefits offered by the DCS are anticipated to boost the market growth in upcoming years.

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On the basis of end-user, the market is fragmented into Machine Manufacturing, Oil & Gas, Electrical & Electronics, Chemical, Aerospace & Defense, Pharmaceuticals, Food & Beverages, Mining & Metals, Automotive & Transportation, and Electric Power Generation. Automotive & Transportation held a major market share in 2017. The trend is estimated to continue during the forecast period. Increase in the use of automated systems by the industry players is majorly driving the market in the automotive and transportation sector.

On the basis of region, Asia Pacific is estimated to hold the largest market share in the upcoming years. The growth is accredited to the existence of the major players in this region such as Toyota Motor, Volkswagen, Daimler, and Renault. Major players making investments in the automation system is driving the market growth in forthcoming years. This region will be the major contributor to the market growth due to the rising fame of industrial automation. Europe is projected to be the second largest market for industrial automation.

Some of the most important market players in the global industrial automation market are FANUC Corporation, Voith GmbH., ABB Ltd., Honeywell International Inc., Toshiba Machine Corporation Ltd., Emerson Electric Company, Yaskawa Electric Corporation, Yokogawa Electric Corporation, General Electric Company, Rockwell Automation, Inc., and Mitsubishi Electric Corporation, among others.

This report segments the global industrial automation market as follows:

Global Industrial Automation Market: Type Segment Analysis

  • Programmable Automation 
  • Fixed Automation

Global Industrial Automation Market: Technology Segment Analysis

  • Programmable Automation Controller (PAC)
  • Supervisory control and data acquisition (SCADA)
  • Distributed Control System (DCS)
  • Programmable Logic Controller (PLC)
  • Human Machine Interface (HMI) 

Global Industrial Automation Market: End-user Segment Analysis

  • Oil & Gas
  • Machine Manufacturing
  • Electrical & Electronics
  • Aerospace & Defense
  • Chemical
  • Pharmaceuticals
  • Automotive & Transportation
  • Food & Beverages
  • Mining & Metals
  • Electric Power Generation 

Global Industrial Automation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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