The Industrial Automation Market size is estimated at USD 203.05 billion in 2024, and is expected to reach USD 309.16 billion by 2029, growing at a CAGR of 8.77% during the forecast period (2024-2029).
The industrial automation market is highly fragmented due to the presence of small and medium-sized enterprises and global players. Some of the major players in the market are Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Co., and ABB Limited. Key players in the market are adopting strategies such as acquisitions and partnerships to enhance their product offerings and gain sustainable competitive advantage.
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