Industrial Automation Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Industrial Automation Market
The Industrial Automation Market size was valued at USD 205.86 billion in 2022 and is projected to reach USD 395.09 billion by 2029, exhibiting a CAGR of 9.8% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted global commercial operations by forcing factory shutdowns and exposing the restrictions of current automation degrees. Despite those setbacks, the crisis increased interest in automation technology as industries sought to minimize dependency on guide labor and decorate resilience. Many businesses are actually growing automation investments to cope with labor shortages and make sure uninterrupted manufacturing throughout destiny disruptions, indicating a shift towards long-time period automation adoption.
One rising trend is the integration of virtual technologies like AI, the Industrial Internet of Things (IIoT), and machine studying. Companies are increasingly more leveraging those technologies to enhance performance thru predictive preservation and real-time records tracking. Smart automation answers such as SCADA and PLC systems have become vital in optimizing manufacturing and minimizing downtime, marking a sizeable shift toward data-driven industrial control.
A key driver at the back of the industrial automation marketplace's boom is the growing want for fee optimization and operational performance. As agencies aim to lessen waste and strength consumption, automation facilitates streamline procedures, making sure faster manufacturing cycles with fewer mistakes. This is in particular appealing in industries in which margins are tight, such as manufacturing and oil and gasoline, where reducing downtime and improving productiveness are paramount to maintaining competitiveness.
Comprehensive Analysis of Industrial Automation Market
The Industrial Automation Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by Component, by industry. By component include hardware and software, by industry include Discrete Automation,Process Automation
The Europe location lead the Industrial Automation Market share percentage via benefitting a marketplace size of USD 61.85 billion The Europe Industrial Automation Market size was valued at USD 61.85 Billion in 2021 and is growing at a CAGR of 9.8% from 2022 to 2029.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
July 2021-Rockwell Automation Inc. Collaborated with a cloud-based product digitalization and traceability platform, Kezzler AS. The partnership goals to allow manufactures to seize their product's cease-to-end journey from uncooked material resources to the point of sale or past by means of using cloud-primarily based chain answers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD billion)
Segmentation Component, Industry, and Geography
By Component Hardware
Photoelectric
Laser
Inductive
Others
Motor
AC
DC
Drive
Sensors
PLC
HMI
Servo
Laser Markers
Safety Light Curtain
Robots
Software
By Industry Discrete Automation
Automotive
Electronics
Heavy Manufacturing
Packaging
Others
Process Automation
Oil & Gas
Chemicals
Pulp & Paper
Mining and Metals
Healthcare
Others
By Geography North America (By Component, By Industry, By Country)
U.S. (By Industry)
Canada (By Industry)
Mexico (By Industry)
South America (By Component, By Industry, By Country)
Brazil (By Industry)
Argentina (By Industry)
Rest of South America (By Industry)
Europe (By Component, By Industry, By Country)
U.K. (By Industry)
Ireland (By Industry)
Germany (By Industry)
France (By Industry)
Italy (By Industry)
Spain (By Industry)
Russia (By Industry)
Benelux (By Industry)
Nordics (By Industry)
Rest of Europe
Asia Pacific (By Component, By Industry, By Country)
China (By Industry)
Japan (By Industry)
India (By Industry)
South Korea (By Industry)
ASEAN (By Industry)
Oceania (By Industry)
Rest of Asia Pacific
Middle East & Africa (By Component, By Industry, By Country)
Turkey (By Industry)
Israel (By Industry)
GCC (By Industry)
North Africa (By Industry)
South Africa (By Industry)
Rest of Middle East & Africa
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Industrial Automation Key Players Market Share Insights and Analysis, 2021
- 5. Global Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Hardware
- 5.2.1.1. Sensors
- 5.2.1.1.1. Photoelectric
- 5.2.1.1.2. Laser
- 5.2.1.1.3. Inductive
- 5.2.1.1.4. Others
- 5.2.1.2. PLC
- 5.2.1.3. HMI
- 5.2.1.4. Servo
- 5.2.1.4.1. Motor
- 5.2.1.4.1.1. AC
- 5.2.1.4.1.2. DC
- 5.2.1.4.2. Drive
- 5.2.1.5. Laser Markers
- 5.2.1.6. Safety Light Curtain
- 5.2.1.7. Robots
- 5.2.2. Software
- 5.3. By Industry (USD)
- 5.3.1. Discrete Automation
- 5.3.1.1. Automotive
- 5.3.1.2. Electronics
- 5.3.1.3. Heavy Manufacturing
- 5.3.1.4. Packaging
- 5.3.1.5. Others
- 5.3.2. Process Automation
- 5.3.2.1. Oil & Gas
- 5.3.2.2. Chemicals
- 5.3.2.3. Pulp & Paper
- 5.3.2.4. Mining & Metals
- 5.3.2.5. Healthcare
- 5.3.2.6. Others
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. South America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East & Africa
- 6. North America Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Hardware
- 6.2.1.1. Sensors
- 6.2.1.1.1. Photoelectric
- 6.2.1.1.2. Laser
- 6.2.1.1.3. Inductive
- 6.2.1.1.4. Others
- 6.2.1.2. PLC
- 6.2.1.3. HMI
- 6.2.1.4. Servo
- 6.2.1.4.1. Motor
- 6.2.1.4.1.1. AC
- 6.2.1.4.1.2. DC
- 6.2.1.4.2. Drive
- 6.2.1.5. Laser Markers
- 6.2.1.6. Safety Light Curtain
- 6.2.1.7. Robots
- 6.2.2. Software
- 6.3. By Industry (USD)
- 6.3.1. Discrete Automation
- 6.3.1.1. Automotive
- 6.3.1.2. Electronics
- 6.3.1.3. Heavy Manufacturing
- 6.3.1.4. Packaging
- 6.3.1.5. Others
- 6.3.2. Process Automation
- 6.3.2.1. Oil & Gas
- 6.3.2.2. Chemicals
- 6.3.2.3. Pulp & Paper
- 6.3.2.4. Mining & Metals
- 6.3.2.5. Healthcare
- 6.3.2.6. Others
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Industry
- 6.4.2. Canada
- 6.4.2.1. By Industry
- 6.4.3. Mexico
- 6.4.3.1. By Industry
- 7. South America Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Hardware
- 7.2.1.1. Sensors
- 7.2.1.1.1. Photoelectric
- 7.2.1.1.2. Laser
- 7.2.1.1.3. Inductive
- 7.2.1.1.4. Others
- 7.2.1.2. PLC
- 7.2.1.3. HMI
- 7.2.1.4. Servo
- 7.2.1.4.1. Motor
- 7.2.1.4.1.1. AC
- 7.2.1.4.1.2. DC
- 7.2.1.4.2. Drive
- 7.2.1.5. Laser Markers
- 7.2.1.6. Safety Light Curtain
- 7.2.1.7. Robots
- 7.2.2. Software
- 7.3. By Industry (USD)
- 7.3.1. Discrete Automation
- 7.3.1.1. Automotive
- 7.3.1.2. Electronics
- 7.3.1.3. Heavy Manufacturing
- 7.3.1.4. Packaging
- 7.3.1.5. Others
- 7.3.2. Process Automation
- 7.3.2.1. Oil & Gas
- 7.3.2.2. Chemicals
- 7.3.2.3. Pulp & Paper
- 7.3.2.4. Mining & Metals
- 7.3.2.5. Healthcare
- 7.3.2.6. Others
- 7.4. By Country (USD)
- 7.4.1. Brazil
- 7.4.1.1. By Industry
- 7.4.2. Argentina
- 7.4.2.1. By Industry
- 7.4.3. Rest of South America
- 8. Europe Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Hardware
- 8.2.1.1. Sensors
- 8.2.1.1.1. Photoelectric
- 8.2.1.1.2. Laser
- 8.2.1.1.3. Inductive
- 8.2.1.1.4. Others
- 8.2.1.2. PLC
- 8.2.1.3. HMI
- 8.2.1.4. Servo
- 8.2.1.4.1. Motor
- 8.2.1.4.1.1. AC
- 8.2.1.4.1.2. DC
- 8.2.1.4.2. Drive
- 8.2.1.5. Laser Markers
- 8.2.1.6. Safety Light Curtain
- 8.2.1.7. Robots
- 8.2.2. Software
- 8.3. By Industry (USD)
- 8.3.1. Discrete Automation
- 8.3.1.1. Automotive
- 8.3.1.2. Electronics
- 8.3.1.3. Heavy Manufacturing
- 8.3.1.4. Packaging
- 8.3.1.5. Others
- 8.3.2. Process Automation
- 8.3.2.1. Oil & Gas
- 8.3.2.2. Chemicals
- 8.3.2.3. Pulp & Paper
- 8.3.2.4. Mining & Metals
- 8.3.2.5. Healthcare
- 8.3.2.6. Others
- 8.4. By Country (USD)
- 8.4.1. United Kingdom
- 8.4.1.1. By Industry
- 8.4.2. Germany
- 8.4.2.1. By Industry
- 8.4.3. France
- 8.4.3.1. By Industry
- 8.4.4. Italy
- 8.4.4.1. By Industry
- 8.4.5. Spain
- 8.4.5.1. By Industry
- 8.4.6. Russia
- 8.4.6.1. By Industry
- 8.4.7. Benelux
- 8.4.7.1. By Industry
- 8.4.8. Nordics
- 8.4.8.1. By Industry
- 8.4.9. Rest of Europe
- 9. Asia Pacific Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Hardware
- 9.2.1.1. Sensors
- 9.2.1.1.1. Photoelectric
- 9.2.1.1.2. Laser
- 9.2.1.1.3. Inductive
- 9.2.1.1.4. Others
- 9.2.1.2. PLC
- 9.2.1.3. HMI
- 9.2.1.4. Servo
- 9.2.1.4.1. Motor
- 9.2.1.4.1.1. AC
- 9.2.1.4.1.2. DC
- 9.2.1.4.2. Drive
- 9.2.1.5. Laser Markers
- 9.2.1.6. Safety Light Curtain
- 9.2.1.7. Robots
- 9.2.2. Software
- 9.3. By Industry (USD)
- 9.3.1. Discrete Automation
- 9.3.1.1. Automotive
- 9.3.1.2. Electronics
- 9.3.1.3. Heavy Manufacturing
- 9.3.1.4. Packaging
- 9.3.1.5. Others
- 9.3.2. Process Automation
- 9.3.2.1. Oil & Gas
- 9.3.2.2. Chemicals
- 9.3.2.3. Pulp & Paper
- 9.3.2.4. Mining & Metals
- 9.3.2.5. Healthcare
- 9.3.2.6. Others
- 9.4. By Country (USD)
- 9.4.1. China
- 9.4.1.1. By Industry
- 9.4.2. India
- 9.4.2.1. By Industry
- 9.4.3. Japan
- 9.4.3.1. By Industry
- 9.4.4. South Korea
- 9.4.4.1. By Industry
- 9.4.5. ASEAN
- 9.4.5.1. By Industry
- 9.4.6. Oceania
- 9.4.6.1. By Industry
- 9.4.7. Rest of Asia Pacific
- 10. Middle East & Africa Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Hardware
- 10.2.1.1. Sensors
- 10.2.1.1.1. Photoelectric
- 10.2.1.1.2. Laser
- 10.2.1.1.3. Inductive
- 10.2.1.1.4. Others
- 10.2.1.2. PLC
- 10.2.1.3. HMI
- 10.2.1.4. Servo
- 10.2.1.4.1. Motor
- 10.2.1.4.1.1. AC
- 10.2.1.4.1.2. DC
- 10.2.1.4.2. Drive
- 10.2.1.5. Laser Markers
- 10.2.1.6. Safety Light Curtain
- 10.2.1.7. Robots
- 10.2.2. Software
- 10.3. By Industry (USD)
- 10.3.1. Discrete Automation
- 10.3.1.1. Automotive
- 10.3.1.2. Electronics
- 10.3.1.3. Heavy Manufacturing
- 10.3.1.4. Packaging
- 10.3.1.5. Others
- 10.3.2. Process Automation
- 10.3.2.1. Oil & Gas
- 10.3.2.2. Chemicals
- 10.3.2.3. Pulp & Paper
- 10.3.2.4. Mining & Metals
- 10.3.2.5. Healthcare
- 10.3.2.6. Others
- 10.4. By Country (USD)
- 10.4.1. Turkey
- 10.4.1.1. By Industry
- 10.4.2. Israel
- 10.4.2.1. By Industry
- 10.4.3. GCC
- 10.4.3.1. By Industry
- 10.4.4. North Africa
- 10.4.4.1. By Industry
- 10.4.5. South Africa
- 10.4.5.1. By Industry
- 10.4.6. Rest of MEA
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. ABB Ltd.
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Emerson Electric Co.
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. General Electric Company
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Honeywell International Inc.
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Mitsubishi Electric Corporation
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Omron Corporation
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Rockwell Automation Inc.
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. Schneider Electric SE
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. STMicroelectronics International N.V.
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Siemens Aktiengesellschaft
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
- 11.11. Yokogawa Electric Corporation
- 11.11.1. Overview
- 11.11.2. Offerings/Business Segments
- 11.11.3. Employee Size
- 11.11.4. Key Financials
- 11.11.5. Recent Developments
- 11.12. Robert Bosch GmbH (Bosch Group)
- 11.12.1. Overview
- 11.12.2. Offerings/Business Segments
- 11.12.3. Employee Size
- 11.12.4. Key Financials
- 11.12.5. Recent Developments
- 11.13. WAGO Kontakttechnik GmbH
- 11.13.1. Overview
- 11.13.2. Offerings/Business Segments
- 11.13.3. Employee Size
- 11.13.4. Key Financials
- 11.13.5. Recent Developments
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