North America Factory Automation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexib

North America Factory Automation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexible Automation), Technology [Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface (HMI), and Others], and Industry Vertical (Automotive, Food & Beverage, Oil & Gas, Manufacturing, Mining, and Others)

The North America factory automation market is expected to grow from US$ 46,797.4 million in 2022 to US$ 74,823.3 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2022 to 2028.

The growing customer need for an automation system encourages companies to produce advanced solutions. For this, the companies are partnering and collaborating with other companies to cater the customer needs. A few examples of partnerships and collaborations by the companies are mentioned below:

• In July 2022, ABB Ltd announced the collaboration with SKF to automate manufacturing processes. Through this collaboration, the companies will identify and evaluate solutions to improve manufacturing capabilities.
• In July 2022, Siemens announced their collaboration with Geekplus to expand its robotic activities. The companies have grown their collaboration to the second phase of a smart manufacturing automation project. In the second phase, the companies have added more MP1000R moving robots equipped with laser-guided SLAM capabilities to the production line without interrupting operations.
• In February 2022, Bosch Rexroth AG announced its collaboration with Qualcomm to showcase industrial automation with time-synchronized applications. Through this joint research collaboration, the companies showcased ultra-low latency and time-synchronized networking for an autonomous mobile robot (AMR) and an assisted guided vehicle (AGV) positioning.
• In March 2022, OMRON Corporation announced that they have partnered with RAMP Inc. for its Certified System Integrator program. RAMP is an automation solution provider. It designs and builds custom automation and robotic systems. Through this partnership, the companies will provide customers with innovative and reliable automation solutions.

Through these partnerships and collaborations, the companies help their customers improve manufacturing capabilities. These factors are contributing to the North America factory automation market growth

In North America, the factory automation market growth in Canada is expected to be the highest CAGR during the forecast period. The market growth in the region is attributed to the presence of numerous robotics and automation companies in the country, such as Siemens AG, Autodesk, Rockwell Automation, Denso Robotics, ABB, Universal Robots, Schneider Electric, and OMRON Corporation. The country also homes several factory automation component providers. The OEMs and system integrators present across the country are catering to a wide range of industries, including life sciences, food & beverages, oil & gas, chemical, paper & pulp, and mining. Additionally, the government initiative are rising across Canada to promote the adoption of automated technology across all small and big factories. For instance, in February 2019, the federal government announced a bid of US$ 230 million to promote the automation of Ontario’s manufacturing industry. Moreover, the country is experiencing a rise in investments in setting up manufacturing plants. For instance, in March 2022, General Motors announced the opening of its new electric vehicle manufacturing plant in Ontario in partnership with Quebec. Such initiatives and investments are expected to drive the demand for factory automation solutions across the country in the coming years.

The North America factory automation market size is segmented on the basis of component, hardware, type, technology, and industry vertical. Based on component, the North America factory automation market is segmented into hardware and software. Based on hardware, the North America factory automation market share is segmented into sensors, controllers, robots, drives, and others. Based on type, the North America factory automation market is segmented into programmable automation, fixed automation, and flexible automation. By technology, the North America factory automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition system (SCADA), human machine interface (HMI), and others. Based on industry vertical, the North America factory automation market share is segmented into automotive, food & beverage, oil & gas, manufacturing, mining, and others. Based on country, the North America factory automation market size is segmented into the US, Canada, and Mexico.

Emerson Electric Co.; Schneider ABB; Siemens AG; Honeywell International Inc.; FANUC; General Electric Company; Mitsubishi Electric Corporation; Omron Corporation; Robert Bosch GmbH; and Rockwell Automation, Inc. are a few major players profiled in the report of the North America factory automation market.

Major end-use industry verticals of the factory automation market are automotive, food & beverages, oil & gas, manufacturing, mining, and others. Industrial Internet of Things; robotics; artificial intelligence; big data; cloud; cybersecurity; are among the automation technologies used in manufacturing industry. Various types of automation used in manufacturing are fixed, programmable, and flexible automation. All these automation types help in reducing downtime, providing predictable maintenance, and improving decision making. Furthermore, the procurement of robots across various industries in North America experienced a substantial rise in Q1 of 2021. According to the Association for Advancing Automation, from Q1 of 2021, procurement of robotics was 86% higher by metal manufacturers; 72% higher by life sciences, pharmaceuticals, and biomed manufacturers; 32% higher by food and consumer goods manufacturers; and 12% higher by other nonautomotive manufacturers compared to Q1 of 2020 in North America. All these factors are contributing to the growth of the North America factory automation market.

Impact of COVID-19 Pandemic on North America Factory Automation Market

The COVID-19 outbreak negatively impacted the factory automation market across North America in the first quarter of 2020, owing to the imposition of social distancing norms, temporary closure of manufacturing facilities, and other stringent government regulations to combat the rapid spread of the virus infection. The North America factory automation market experienced a dip of -6.55% owing to outbreak crisis. However, the region experienced a rise in demand for automated solutions from Q2 of 2020 as the government bodies eased restrictions and allowed manufacturing units to operate with low capacity. The rise in labor shortage and the requirement to adhere to the safety norms outlined by the regional government bodies positively influenced the demand for automated solutions across industries, including automotive, food & beverages, printing, manufacturing, and mining. Thus, this rise in demand for automated solutions across the region is aiding the market to revive from the negative impact of the COVID-19 outbreak. To continue production operations with minimum workforce even post COVID-19 crisis, companies are increasingly investing in automated technologies such as robots. According to the data published by Association for Advancing Automation (A3) in 2022, North America experienced a rise of 28% in the robot sales in 2021 compared to 2020. Hence, the growing adoption of automated solutions across the industries helps in the rapid revival of the North America factory automation market.

Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America factory automation market.Highlights key business priorities in order to assist companies to realign their business strategiesThe key findings and recommendations highlight crucial progressive industry trends in the North America factory automation market, thereby allowing players across the value chain to develop effective long-term strategiesDevelop/modify business expansion plans by using substantial growth offering developed and emerging marketsScrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering itEnhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution