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INDUSTRIAL AUTOMATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Industrial Automation Market, By Component (Hardware, Software, Services), By Technology (Programmable Logic Controllers (PLC), Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Human-Machine Interface (HMI), Industrial Robotics), By Application (Manufacturing, Oil and Gas, Energy and Power, Chemicals, Food and Beverages, Pharmaceuticals), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

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Global industrial automation market growth is driven by increasing adoption of robotics and industrial IoT across various industries. Factors such as rising labor costs, growing emphasis on productivity and quality, and increasing demand for mass customization can boost automation integration among manufacturers. Integration of emerging technologies such as artificial intelligence, cloud computing, big data analytics, and cybersecurity solutions can expand the automation capabilities. Major industries like automotive, semiconductor & electronics, food & beverages, and oil & gas have significantly leveraged industrial automation to enhance efficiency, reduce production costs, and improve overall operational performance. Global industrial automation market can witness growth during the forecast period as manufacturing processes become more technology-driven and data-centric.

Market Dynamics:

Global industrial automation market growth is driven by factors such as rising labor costs, growing need to enhance productivity and quality, and increasing demand for mass customization. However, high initial investment for automation systems and vulnerability to cyber threats can hamper the market growth. Emerging technologies within industrial automation such as artificial intelligence, IoT, cloud computing, big data analytics, and augmented reality offer lucrative opportunities. Integration of these technologies allows for enhanced data capture, analysis, and decision making capabilities across manufacturing facilities. Growing emphasis on Industry 4.0 standards and concepts such as smart manufacturing also present favorable prospects for market players. Integration challenges associated with legacy machinery and dependence on specific vendors constrain the opportunities.

Key features of the study:

- This report provides in-depth analysis of the global industrial automation market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global industrial automation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include ABB Ltd, Adisra, Emerson Electric Co., Endress + Hauser, FANUC Corporation, Fizyr, General Electric Company, Honeywell Process Solutions, Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Stratasys, Yokogawa Electric Corporation

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global industrial automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial automation market

Detailed Segmentation-

  • By Component Insights (Revenue, USD Bn, 2019 - 2031)
    • Hardware
    • Software
    • Services
  • By Technology Insights (Revenue, USD Bn, 2019 - 2031)
    • Programmable Logic Controllers (PLC)
    • Supervisory Control and Data Acquisition (SCADA)
    • Distributed Control Systems (DCS)
    • Human-Machine Interface (HMI)
    • Industrial Robotics
  • By Application Insights (Revenue, USD Bn, 2019 - 2031)
    • Manufacturing
    • Oil and Gas
    • Energy and Power
    • Chemicals
    • Food and Beverages
    • Pharmaceuticals
  • By Regional Insights (Revenue, USD Bn, 2019 - 2031)
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
  • Key Players Insights
    • ABB Ltd
    • Adisra
    • Emerson Electric Co.
    • Endress + Hauser
    • FANUC Corporation
    • Fizyr
    • General Electric Company
    • Honeywell Process Solutions
    • Mitsubishi Electric Corporation
    • Omron Corporation
    • Rockwell Automation Inc.
    • Schneider Electric SE
    • Siemens AG
    • Stratasys
    • Yokogawa Electric Corporation

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Region
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launches/Approvals
    • Impact of COVID-19 Pandemic
  4. Global Industrial Automation Market, By Component, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Hardware
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Software
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Services
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
  5. Global Industrial Automation Market, By Technology, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Programmable Logic Controllers (PLC)
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Supervisory Control and Data Acquisition (SCADA)
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Distributed Control Systems (DCS)
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Human-Machine Interface (HMI)
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Industrial Robotics
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
  6. Global Industrial Automation Market, By Application, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Oil and Gas
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Energy and Power
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Chemicals
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
  7. Global Industrial Automation Market, By Region, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • Germany
        • U.K.
        • Spain
        • France
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • Israel
        • GCC Countries
        • Rest of the Middle East
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • South Africa
        • North Africa
        • Central Africa
  8. Competitive Landscape
    • Company Profiles
      • ABB Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Adisra
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Emerson Electric Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Endress + Hauser
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FANUC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fizyr
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • General Electric Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Honeywell Process Solutions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mitsubishi Electric Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Omron Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rockwell Automation Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schneider Electric SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Stratasys
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Yokogawa Electric Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Analyst Recommendations
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  10. Research Methodology
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Industrial Automation Market - Global forecast to 2031”

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