Industrial Automation Market By Offering (Solutions (Enterprise-level Controls, Plant Instrumentation, Plant-level Controls), Services), Mode of Automation, End-use Industry (Oil & Gas, Automotive, Food & Beverage), and Geography - Global Forecasts to 203

Industrial Automation Market By Offering (Solutions (Enterprise-level Controls, Plant Instrumentation, Plant-level Controls), Services), Mode of Automation, End-use Industry (Oil & Gas, Automotive, Food & Beverage), and Geography - Global Forecasts to 2031

The research report titled ‘‘Industrial Automation Market by Offering (Solutions (Enterprise-level Controls, Plant Instrumentation, Plant-level Controls), Services), Mode of Automation, End-use Industry (Oil & Gas, Automotive, Food & Beverage), and Geography—Global Forecasts to 2031’’, provides in-depth analysis of industrial automation market across five major geographies and emphasizes on the current market trends, market sizes, market ranking, recent developments, and forecasts till 2031.

The industrial automation market is expected to reach 368.05 billion by 2031, growing at a CAGR of 9.1% during the forecast period of 2024–2031.

The market growth is driven by government initiatives promoting industrial development, increasing investments in industrial automation, rising demand for energy-efficient systems, and increasing need for supply chain optimization. However, high CAPEX requirements and concerns about workforce displacement restrain the market's growth. Moreover, the increasing demand for sustainable solutions is expected to create market growth opportunities. However, cybersecurity risks associated with automated systems pose challenges to the market's growth.

Based on offering, the global industrial automation market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of the global industrial automation market. The solutions segment is also projected to register the highest CAGR during the forecast period. The large market share of this segment is attributed to the high adoption of PLM, ERP, and MES solutions for streamlining the production & enterprise processes across the manufacturing & industrial sectors, increasing demand for data analytics and predictive maintenance capabilities to optimize operations, reduce downtime, and improve overall equipment effectiveness (OEE), growing need to reduce operational costs and optimize resource utilization, and the emergence of Industry 4.0 & enabling technologies.

Based on mode of automation, the global industrial automation market is segmented into semi-automatic systems and fully-automatic systems. In 2024, the semi-automatic systems segment is expected to account for the larger share of the global industrial automation market. The large market share of this segment is attributed to the lower cost of implementation compared to fully-automatic systems, the increasing need for a higher degree of flexibility between manual and automated processes, and the growing need for monitoring industrial systems closely and intervene promptly in cases of anomalies that lead to costly downtime or quality issues. However, the fully-automatic systems segment is projected to register the highest CAGR during the forecast period.

Based on end-use industry, the global industrial automation market is segmented into oil & gas, automotive, food & beverage, semiconductors & electronics, chemicals & materials, consumer goods, mining & metals, power, pharmaceuticals & biotech, machines & tools, paper & pulp, aerospace & defense, and other end-use industries. In 2024, the oil & gas segment is expected to account for the largest share of the global industrial automation market. The large market share of this segment is attributed to the growing need to streamline operations across the entire value chain of oil & gas production, increasing demand for automated monitoring systems to minimize environmental impact and enhance safety, and the growing need to prevent unplanned downtime, extend asset lifespan, and reduce maintenance costs. However, the automotive segment is projected to register the highest CAGR during the forecast period.

Based on geography, the industrial automation market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the snacks processing equipment market, followed by North America and Europe. The APAC food industry has witnessed increasing demand for advanced industrial automation solutions to enhance productivity, efficiency, and competitiveness in manufacturing sectors such as automotive, electronics, machinery, and consumer goods. In addition, the growing need to automate production processes to reduce reliance on manual labor and remain cost-competitive, expansion of the automotive industry, increasing technological advancements and adoption, with significant investments in robotics, artificial intelligence, IoT, and digitalization to achieve greater efficiency, precision, flexibility, and connectivity in industrial processes further drive the regional market.

The key players operating in the industrial automation market are ABB Ltd (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Hitachi Ltd. (Japan), and General Electric Company (U.S.).

Key questions answered in the report:

Which are the high growth market segments in terms of offering, mode of operation, and end-use industry?
What is the historical market for industrial automation across the globe?
What are the market forecasts and estimates from 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the industrial automation market?
Who are the major players in the industrial automation market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive analysis?
What are the recent developments in the industrial automation market?
What are the different strategies adopted by the major players in the industrial automation market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the industrial automation market and how do they compete with the other players?

Scope of the Report:

Industrial Automation Market Assessment—by Offerings

Solution
Enterprise-level Controls
Product Lifecycle Management (PLM)
Enterprise Resource Planning (ERP)
Manufacturing Execution Systems (MES)
Plant Instrumentation
Motors & Drives
Robots
Articulated Robots
Cartesian Robots
SCARA
Collaborative Robots
Other Robots
Sensors
Machine Vision Systems
Cameras
Optics and LED Lighting
Relays & Switches
Other Plant Instrumentation Components
Plant-level Controls
Supervisory Control and Data Acquisition (SCADA)
Distributed Control Systems (DCS)
Programmable Logic Controllers (PLC)
Other Plant-level Controls
Services
Integration & Installation Services
Maintenance & Support Services
Advisory, Training, & Consulting Services
Safety & Security Services

Industrial Automation Market Assessment—by Mode of Automation

Semi-automatic Systems
Fully-automatic Systems

Industrial Automation Market Assessment—by End-use Industry

Oil & Gas
Upstream
Midstream
Downstream
Chemicals & Materials
Paper & Pulp
Pharmaceuticals & Biotech
Mining & Metals
Food & Beverage
Beverages & Distilleries
Dairy Processing
Bakery & Confectionary
Meat, Poultry, and Seafood Products
Fruits & Vegetables
Oil & Fats
Other F&B Applications
Power
Consumer Goods
Automotive
Machines & Tools
Semiconductors & Electronics
Aerospace & Defense
Other End-use Industries

Industrial Automation Market Assessment—by Country/Region

North America
U.S.
Canada
Asia-Pacific
China
Japan
India
South Korea
Singapore
Rest of Asia-Pacific
Europe
Germany
U.K.
Italy
Netherlands
Sweden
France
Spain
Rest of Europe
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
UAE
Saudi Arabia
Rest of Middle East & Africa

Industrial Automation Market - Report Summary

Report Metrics	Details
Years Considered	2022 - 2031
Base Year	2023
Forecast Period	2024-2031
Page Count	422
Units Referenced	Value (USD Million)
Segments/Key Topics	By Offering, Mode of Operation, and End-use Industry
Regions Covered	Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa
Key Companies Mentioned	ABB Ltd (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Hitachi Ltd. (Japan), and General Electric Company (U.S.).

FAQs About the Report

What is the revenue generated from the sales of industrial automation across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The industrial automation market is projected to reach $368.05 billion by 2031, at a CAGR of 9.1% during the forecast period 2024–2031.

Which offering segment is expected to hold the major share of the industrial automation market in 2024?

In 2024, the solutions segment is expected to account for a larger share of the global industrial automation market. The solution segment is further segmented into plant instrumentation, plant-level controls, and enterprise-level controls. The large market share of this segment is attributed to the high adoption of enterprise resource planning (ERP), supervisory control and data acquisition (SCADA), product lifecycle management (PLM), distributed control systems (DCS) solutions for streamlining the production & enterprise processes across the manufacturing & industrial sectors, increasing demand for data analytics and predictive maintenance capabilities to optimize operations, reduce downtime, and improve overall equipment effectiveness (OEE), growing need to reduce operational costs and optimize resource utilization, and the emergence of Industry 4.0 & enabling technologies.

What are the key factors driving the growth of the industrial automation market? What are the major opportunities for existing market players and new entrants in the market?

The market growth is driven by government initiatives promoting industrial development, increasing investments in industrial automation, rising demand for energy-efficient systems, and increasing need for supply chain optimization. The increasing demand for sustainable solutions is expected to create market growth opportunities.

Who are the major players operating in the industrial automation market?

The key players operating in the industrial automation market are ABB Ltd (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Hitachi Ltd. (Japan), and General Electric Company (U.S.).