Global Factory Automation (FA) Market Growth (Status and Outlook) 2023-2029

Global Factory Automation (FA) Market Growth (Status and Outlook) 2023-2029

The global Factory Automation (FA) market size is projected to grow from US$ 160100 million in 2022 to US$ 263650 million in 2029; it is expected to grow at a CAGR of 7.4% from 2023 to 2029.

The world's key manufacturers providing factory automation (FA) are Siemens, Mitsubishi Electric, ABB, Emerson, Rockwell Automation, Schneider Electric, Keyence, Bosch Rexroth, etc. The top six manufacturers together occupy more than The top six manufacturers together account for more than 40% of the market share, with the largest manufacturer being Siemens, with a market share of 13.12%. The global factory automation providing regions mainly distributed in the United States, Europe, China, Japan, etc., of which Europe has the largest market share of 34.97%. In terms of its product categories, control systems have the highest market share of 56.80%, followed by measurement and analysis products with 32.57%. In terms of its applications, general manufacturing is its top application area with 34.38% of the market share, followed by automotive industry with 25.57%.

Factory Automation (FA) use set technologies and automatic control devices that results the automatic operation and control of industrial processes without significant human intervention and achieving superior performance than manual control. These automation devices include PLCs, PCs, PACs, etc. and technologies include various industrial communication systems. It facilitates to increase the product quality, reliability and production rate while reducing production and design cost by adopting new, innovative and integrated technologies and services.

LPI (LP Information)' newest research report, the “Factory Automation (FA) Industry Forecast” looks at past sales and reviews total world Factory Automation (FA) sales in 2022, providing a comprehensive analysis by region and market sector of projected Factory Automation (FA) sales for 2023 through 2029. With Factory Automation (FA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Factory Automation (FA) industry.

This Insight Report provides a comprehensive analysis of the global Factory Automation (FA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Factory Automation (FA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Factory Automation (FA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Factory Automation (FA) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Factory Automation (FA).

This report presents a comprehensive overview, market shares, and growth opportunities of Factory Automation (FA) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Control Systems
Measurement & Analytical Products
Switches & Safety Components
Industrial Robot
Others

Segmentation by application
General Manufacturing
Automotive
Power Industry
Oil & Gas
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
Mitsubishi Electric
ABB
Emerson
Rockwell Automation
Schneider Electric
Keyence
Bosch Rexroth
Honeywell
Fanuc
Omron
Yokogawa Electric
Fuji Electric
KuKa
Inovance Group
General Electric

Please note: The report will take approximately 2 business days to prepare and deliver.