Global Industrial Control & Factory Automation Market Size, Trends and Growth opportunity, By Component (Industrial Robots, Machine Vision, Process Analyzer, Industrial PC, Industrial Sensors, Industrial 3D Printing, Vibration Monitoring), By Solution (SC

Global Industrial Control & Factory Automation Market Size, By Component (Industrial Robots, Machine Vision, Process Analyzer, Industrial PC, Industrial Sensors, Industrial 3D Printing, Vibration Monitoring), By Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), By Industry (Process Industry and Discrete Industry), By End-User (Automotive, Chemical and Petrochemical, Utility, Pharmaceutical, Food and Beverage, Oil and Gas, Energy and Power, Machine Manufacturing, Semiconductor and Electronics, Aerospace and Défense, Medical Devices, Other), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

Global Industrial Control & Factory Automation Market

Global Industrial Control & Factory Automation Market was valued at USD 147.9 billion in 2021 and is expected to reach 218.8 billion by 2027, at a CAGR of 5.13% from 2022-2027.

Industrial Control & Factory Automation system consists of equipment, IT software, and computers which reduce human interaction in carrying out different processes in any industry. The automation system helps in, eliminating errors, streamlining the processes, increasing productivity, and enhancing the overall operational efficiency. Automation & control systems decrease manufacturing errors, that saves time and money and increases customer satisfaction.

Market Drivers

The increasing number of government initiatives that promote industrial automation globally, increase in adoption rate of IoT and AI in industrial environments, and rising demand for better efficiency & higher productivity are the major factors driving the growth of the industrial control & factory automation market.

Furthermore, the Industrial Internet of Things (IIoT) and the Industrial 4.0, both are at the center of the new technological intervention for the production, development, and management of the entire logistics chain, otherwise known as smart factory automation, and are dominating the trends in the industrial sector, with devices and machinery being connected via internet. This is a key aspect influencing the market.

Market Restraints

The cost of labor has steadily risen exponentially in many different areas. Additionally, the standards for quality are becoming stricter than ever. Considering this, the industrial control & factory automation may result in lower production, operating, and labor expenses.

Market Segmentation

The Global Industrial Control & Factory Automation Market is segmented based on component, solution, industry, end user, and region.

Based on end-use, the market is classified into process industry including (chemicals, Oil & Gas, Paper & Pulp, Pharmaceuticals, Mining & Metals, Food & Beverage, Power, and Others) and discrete industry including (Automotive, Machine Manufacturing, Semiconductor & Electronics, Aerospace & Defense, Medical Devices, others).

Regional Analysis

The Global Industrial Control & Factory Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North American region is expected to dominate the industry controls and factory automation market in the coming years. Many automakers have initiated investments better to outfit their plants for future electric drive car models & to boost battery production capacity. These significant initiatives in the region will increase the demand for industrial robots in the coming years.

Asia Pacific is estimated to be a prominent region for industry controls and the factory automation market because of the rise in urbanization and industrialization. The region is expected to expand at an impressive CAGR rate due to low manufacturing cost, rise in awareness of the benefits of automation, increased industrialization in various countries; such as China, Japan, and India, and supportive policies of the regional governments.

Key Players

Various key players are discussed into the Global Industrial Control & Factory Automation Market Report including: Honeywell, ABB, Schneider Electric, Siemens, Rockwell Automation, Emerson, Mitsubishi Electric Corporation, General Electric, Yokogawa, Omron, Endress+Hauser, Texas Instruments Inc., and Robert Bosch GmbH.

Market Taxonomy

By Component

• Industrial Robots
• Machine Vision
• Process Analyzer
• Field Instruments
• Industrial PC
• Industrial Sensors
• Industrial 3D Printing
• Motors and Drives
• Vibration Monitoring
• Other

• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution System (MES)
• Industrial Safety
• Human Machine Interface (HMI)
• Product Lifecycle Management (PLM)
• Plant Asset Management (PAM)
• Enterprise Resource Planning (ERP)
• Other

• Process Industry
• Discrete Industry

• Automotive
• Chemical and Petrochemical
• Utility
• Pharmaceutical
• Food and Beverage
• Oil and Gas
• Pulp and Paper
• Metals and Mining
• Food and Beverage
• Energy and Power
• Machine Manufacturing
• Semiconductor and Electronics
• Aerospace and Défense
• Medical Devices
• Other

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa