Industrial Automation Market Size, Share, Trends, Growth and Forecast 2032

Industrial Automation Market

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), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032

Category: Heavy Industry Report Format : PDF Pages: 195 Report Code: ZMR-3155 Published Date: Apr-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 39.41 Billion USD 72.58 Billion 7.02% 2023

Industrial Automation Market: Industry Perspective

The global Industrial Automation Market size was worth around USD 39.41 Billion in 2023 and is predicted to grow to around USD 72.58 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.02% between 2024 and 2032.

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Industrial Automation Market Overview

Industrial automation is the use of different control systems such as computers or robots, and information technologies for operating various machinery equipment. Industries execute automation processes to increase productivity and decrease the employees costing and other associated expenses. Industrial automation benefits with 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 exploit their productivity by the automation which leads to the shifting demands of the end-users.

The report covers forecast and analysis for the industrial automation market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based revenue (USD Billion). The study includes drivers and restraints for the industrial automation market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial automation market on a global level.

Real-time data analysis with increased demand and acceptance from the consumers with increased acquisition of the latest developed technologies in industrial automation with increased results and increased workflow, enhance proactive maintenance. This helps to get visibility during the manufacturing plant with increased efficiency. The increased flow of work with increased production and converting the raw material into the product. Automation involves reducing interference of the human with the manufacturing process. Less intervention of human while manufacturing the products which are in bulk. Improved number of types of equipment for processing the product with increased control over the machines. Machines such as boilers, steam jacketed vessel, heating oven (dryers) stabilizing ships, steering and others. Increased automation in households with wide applications controlling boiler.

Automation is also seen in banking section to reduce complications in algorithms by using simple developed technology of on and off. Increased performance by reducing the human intervention increased utilization of computer with software embedded system, robotics involved, improved control system with developed on and off technology. The outbreak of Covid-19 with the negative impact on the market with the imposed rules and regulations from the government led to lock down across various regions with wide spread of corona virus affected the market value of industrial automation market with reduced requirements from the market for the automated technology and decreased the market size of industrial automation during the forecast period.

Global Industrial Automation Market: Growth Factors

Technological advancements such as development in the computer-aided systems, engineering technologies, and the internet of things (IoT) are the strong factors positively influencing the market. Moreover, 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. Additionally, most of the industrial players are implementing the automation systems to decrease the labor count which consequently boosts the market at a considerable pace. Therefore, such factors are anticipated to fuel the market growth in the forecast period.

In order to give the users of this report a comprehensive view of the industrial automation market, we have included the competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type, technology, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, type portfolio of various companies according to the region.

Industrial Automation Market: Report Scope

Report Attributes Report Details
Report Name Industrial Automation Market Size Report
Market Size in 2023 USD 39.41 Billion
Market Forecast in 2032 USD 72.58 Billion
Growth Rate CAGR of 7.02%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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.
Segments Covered By Product Type ,By Technology, By end-user, and By region
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Industrial Automation Market: Segmentation

The study provides a decisive view of the industrial automation market by segmenting the market based on type, technology, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024.

On the basis of type, industrial automation market is segmented into fixed automation and programmable automation. Based on the technology, the market is segmented into Human Machine Interface (HMI), Programmable Logic Controller (PLC), Programmable Automation Controller (PAC), Supervisory control and data acquisition (SCADA), and Distributed Control System (DCS).

On the basis of end-user, the market is divided into Machine Manufacturing, Oil & Gas, Electrical & Electronics, Chemical, Aerospace & Defense, Pharmaceuticals, Food & Beverages, Mining & Metals, Automotive & Transportation, and Electric Power Generation.

Regional Analysis

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for industrial automation market based on all segments in all the regions and countries.

Asia Pacific is expected to hold the largest market share in terms of revenue 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.

The key players in the global Industrial Automation Market are -

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
  • Mitsubishi Electric Corporation among others.

This report segments the global industrial automation market as follows:

Global Industrial Automation Market: Type Segment Analysis

Global Industrial Automation Market: Technology Segment Analysis

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
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Industrial Automation Market size was worth around USD 39.41 Billion in 2023 and is predicted to grow to around USD 72.58 Billion by 2032

compound annual growth rate (CAGR) of roughly 7.02% between 2024 and 2032.

The largest share of the Industrial Automation Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

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.

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