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

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)

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