Global Industrial Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Industrial automation helps improve product quality, reliability and productivity, while reducing production and design costs, by adopting new, innovative and integrated technologies and services. These devices and technologies can realize the automatic operation and control of industrial processes without manual intervention and have higher performance than manual control.

Market Overview:

The latest research study on the global Industrial Automation market finds that the global Industrial Automation market reached a value of USD 184583.41 million in 2022. It’s expected that the market will achieve USD 306941.8 million by 2028, exhibiting a CAGR of 8.85% during the forecast period.

Limitations

Industrial automation is emerging in European and American countries. They also took the lead in entering Industry 4.0. They have rich experience in the commissioning, installation, and maintenance of industrial automation equipment. At the same time, the high costs and high maintenance costs involved in the R & D and installation of mechanical production systems. In developing countries, a lack of awareness of the benefits of industrial automation and skilled technical support may hinder market growth.

Opportunities

Although with the development of industrial automation, the risk of many jobs will be replaced by automation, is a big threat for the Labor market. However, the development of technology is the inevitable trend, therefore, in the future, whether business or government, skills training for the staff will be constantly upgrade, to adapt to the new job opportunities, to bring greater economic benefits for the enterprise.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Siemens AG is one of the major players operating in the Industrial Automation market, holding a share of 10.49% in 2019.

Siemens AG is an engineering and manufacturing company. The Company focuses on areas of electrification, automation, and digitalization. Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis.

Emerson Electric Co. designs and manufactures electronic and electrical equipment, software, systems, and services. The Company offers its products for industrial, commercial, and consumer markets worldwide through its network power, process management, industrial automation, climate technologies, and commercial and residential solutions divisions.

Segmentation Overview:

Among different product types, Programmable Logic Control System (PLC) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Industrial Automation market covered in Chapter 3:

Mitsubishi Electric Corporation
Honeywell International Inc
Toshiba Machine Corporation Ltd.
Omron
ABB Ltd
General Electric Company
Yokogawa Electric Corporation
Rockwell Automation, Inc.
Schneider Electric
FANUC Corporation
Emerson Electric Company
Yaskawa Electric Corporation
Siemens AG
Voith GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Automation market from 2018 to 2029 is primarily split into:

Distributed Control System (DCS)
Programmable Logic Control System (PLC)
Machine Vision System
Manufacturing Execution System (MES)
Human Machine Interface (HMI)
Supervisory Control and Data Acquisition (SCADA)
Product Lifecycle Management (PLM)
Plant Asset Management
Computer Numerical Control (CNC) routers
Electronic Control Units (ECU)
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Automation market from 2018 to 2029 covers:

Automotive
Machine Manufacturing
Semiconductor and Electronics
Aerospace and Defense
Medical Devices
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)