Industrial Control & Factory Automation Market by Component (Field Instruments, Human-Machine Interface, Industrial 3D Printers), Solution (Distributed Control System, Industrial Safety, Manufacturing Execution System), End-Use Industry - Global Forecast 2024-2030
The Industrial Control & Factory Automation Market size was estimated at USD 154.15 billion in 2023 and expected to reach USD 167.21 billion in 2024, at a CAGR 8.87% to reach USD 279.52 billion by 2030.
Global Industrial Control & Factory Automation Market Industrial control & factory automation involves incorporating automation and use of control systems from end-to-end manufacturing processes and leveraging technologies such as computers and robotic arms that can help increase output efficiency. Industrial control & factory automation greatly reduces human operators' risks while handling hazardous equipment. The growing adoption of Industry 4.0 is expanding the deployment of new technologies for automating traditional processes in factories. The surging demand for products manufactured from the end-use industries and the growing need for safety compliance automation solutions are accelerating factory automation activities worldwide. However, the high capital required to deploy automated technologies and the lack of awareness about advanced technologies in developing economies may adversely impact industrial control & factory automation activities. Moreover, the ongoing advancements in automation technologies and the emergence of cobots are expected to create lucrative opportunities for the industrial control & factory automation market growth.Regional InsightsThe industrial control & factory automation market is highly evolving in the Americas owing to the presence of well-established manufacturing industries and the growing adoption of breakthrough technologies by the sectors in the region. Increasing government support and adopting Industry 4.0 encourage industrial control & factory automation in the APAC region to enhance production capabilities. Supportive initiatives and programs for increasing local production of products to reduce reliance on imports are facilitating the growth of industrial control & factory automation in the APAC region. The presence of key manufacturing industries, including automobile, semiconductor, and oil & gas industries, and growing demand for their end products are expanding the growth of the industrial control & factory automation market in the EMEA region. In addition, the integration of cutting-edge technologies in manufacturing processes and the introduction of novel automated technologies are expected to create immense potential for the growth of the industrial control & factory automation market worldwide.
FPNV Positioning MatrixThe FPNV Positioning Matrix is pivotal in evaluating the Industrial Control & Factory Automation Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Control & Factory Automation Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company ProfilesThe report delves into recent significant developments in the Industrial Control & Factory Automation Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., ABB Ltd., Ametek. Inc., Autodesk Inc., Canon Inc., Cimtec Automation, Codesys Group, Dassault Systemes SE, Delta Electronics, Inc., Emerson Electric Co., Endress+Hauser AG, Factory Automation Systems, Fanuc Corporation, Fuji Electric Co., Ltd., General Electric Company, Hitachi Ltd., Honeywell International Inc., Iris Factory Automation, Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Seiko Epson Corporation, Seimitsu Factory Automation Pvt. Ltd., SEW-Eurodrive GmbH & Co KG, Siemens AG, Texas Instruments Incorporated, UiPath, and Yokogawa Electric Corporation.
Market Segmentation & CoverageThis research report categorizes the Industrial Control & Factory Automation Market to forecast the revenues and analyze trends in each of the following sub-markets:
Component
Field Instruments
Human-Machine Interface
Industrial 3D Printers
Industrial PC
Industrial Robots
Industrial Sensors
Machine Vision Systems
Process Analyzers
Vibration Monitoring
Solution
Distributed Control System
Industrial Safety
Manufacturing Execution System
Privileged Access Management
Programmable Logic Controllers
Supervisory Control & Data Acquisition
End-Use Industry
Discrete Industries
Aerospace & Defense
Automotive
Communication Equipment
Electronic Equipment
Medical Devices Manufacturing
Textile
Process Industries
Cosmetics
Food & Beverages
Foundry
Paints & Coatings
Pharmaceuticals
Speciality Chemicals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:1. What is the market size and forecast of the Industrial Control & Factory Automation Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Control & Factory Automation Market?
3. What are the technology trends and regulatory frameworks in the Industrial Control & Factory Automation Market?
4. What is the market share of the leading vendors in the Industrial Control & Factory Automation Market?
5. Which modes and strategic moves are suitable for entering the Industrial Control & Factory Automation Market?
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