Industrial Automation Market By Component (Hardware, Software, Service), By Hardware (Industrial Sensors, Machine Vision Systems, Field Instruments, Industrial Robots, Human machine Interface, Industrial PCs, Others), By Software Type (Supervisory Control And Data Acquisition, Programmable Logic Controller, Distributed Control System, Manufacturing Execution System, Industrial Safety, Plant Asset Management), By Industry Vertical (Oil and Gas, Manufacturing, Automotive, Healthcare, Food and bevarages, Chemicals, Energy and Power, Metal and Mining, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Industrial automation is the control of machinery and processes used in various industries by autonomous systems. In addition, technologies such as robotics and computer software AI and ML majorly used in industries to increase productivity and reduce costs related to employees, their benefits, and other associated expenses, while increasing precision and flexibility. Moreover, the mechanical processes in industries were faster and produced greater quantities of goods. However, advancements in automation in industrial production are focused on flexibility and quality. Manufacturing flexibility not only allows for more product types, but also helps in production of customized products automatically.
Emergence of connected enterprises and requirement of mass manufacturing of products and increasing adoption of digital techniques and AR technologies in manufacturing is driving the growth of industrial automation market. Moreover, growing demand for Industrial IoT are boosting the industrial automation market size. However, significant initial capital investments and re-investments and lack of technical proficiency and lack of awareness for maintenance. are hampering the industrial automation market growth. On the contrary, increased demand for safety compliance automation solutions expected to offer remunerative opportunities for expansion of industrial automation market during the forecast period.
The industrial automation market is segmented on the basis of component, hardware, software type, industrial vertical and region. On the basis of component, the market is categorized into hardware, software and service. On the basis of hardware, the market is bifurcated into industrial sensors, machine vision systems, field instruments, industrial robots, human machine interface, industrial pcs, and others. On the basis of software type, the market is classified into supervisory control and data acquisition, programmable logic controller, distributed control system, manufacturing execution system, industrial safety, and plant asset management. On the basis of industrial vertical, it is classified into oil & gas, manufacturing, automotive, healthcare, food & beverages, chemicals, energy & power, metal & mining, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the industrial automation industry are Adisra, ABB Ltd, Dwyer Instruments LLC., Endress + Hauser, Emerson Electric Co, Fizyr, Fanuc Corporation, Generic Electric Co, Honeywell, Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc, Siemens AG, Stratasys, Schneider Electric SE, WIKA USA, and Yocogawa Electric Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial automation market analysis from 2021 to 2031 to identify the prevailing industrial automation market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the industrial automation market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global industrial automation market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hardware
Software
Service
By Hardware
Industrial Sensors
Machine Vision Systems
Field Instruments
Industrial Robots
Robot Type
Traditional Industrial Robots
Collaborative Robots
Human machine Interface
Industrial PCs
Others
By Software Type
Manufacturing Execution System
Industrial Safety
Plant Asset Management
Supervisory Control And Data Acquisition
Programmable Logic Controller
Distributed Control System
By Industry Vertical
Oil and Gas
Manufacturing
Automotive
Healthcare
Food and bevarages
Chemicals
Energy and Power
Metal and Mining
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Mexico
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Emerson Electric Co
Rockwell Automation Inc.
Yocogawa Electric Corporation
Omron Corpporation
Endress+Hauser group services AG
Fanuc Corporation
WIKA USA
Dwyer Instruments, LLC
Stratasys
Mitsubishi Electric Corporation
Honeywell International Inc.
ABB Ltd
Schneider Electric SE
Siemens AG
General Electric,
Adisra
Fizyr
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