Global Industrial Automation Market - Industry Trends and Forecast to 2032
Global industrial automation market is expected to reach a value of USD 339.44 billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.
Market Segmentation: Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries), Countries (U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Sweden, Denmark, Poland, Norway, Finland, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, New Zealand, Taiwan, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Qatar, Bahrain, Kuwait, Oman, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) - Industry Trends and Forecast to 2031
Overview of Global Industrial automation Market Dynamics:
Driver
• Increasing adoption of industry 4.0
Restraint
• High cost associated with implementation and maintenance of industrial automation
Opportunity
• Rising government initiatives to promote industrial automation
Market Players:
The key market players operating in the global industrial automation market are listed below:
• Siemens
• Analog Devices, Inc.
• Schneider Electric
• General Electric Company
• Mitsubishi Electric Corporation
• FANUC America Corporation
• Honeywell International Inc.
• AMETEK.Inc.
• ABB
• KEYENCE CORPORATION
• Hitachi Vantara LLC
• Rockwell Automation
• Emerson Electric Co
• Yokogawa Electric Corporation
• Delta Electronics, Inc.
• Fuji Electric Co., Ltd.
• Endress+Hauser Group Services AG
• OMRON Corporation
• KUKA AG
• Bosch Rexroth Corporation
• Concept Systems
• MachineMetrics
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