Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.
Industrial Automation Market Analysis and Size
The global industrial automation market is driven by increasing adoption of industry 4.0, growing demand for automation for reliable and efficient manufacturing, enhancement in real time data analysis and predictive maintenance and increasing awareness about safety compliance in industrial environment. However, high cost associated with implementation and maintenance of industrial automation and complexity of integration and limited flexibility restricts the market growth. Opportunities lie in rising government initiatives to promote industrial automation, technological advancement in industrial automation and strategic partnerships and collaborations among major market players.
Data Bridge Market Research analyses that the global industrial automation market is expected to reach a value of USD 339.44 billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Sweden, Denmark, Poland, Norway, Finland, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, New Zealand, Taiwan, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Qatar, Bahrain, Kuwait, Oman, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Siemens, Analog Devices, Inc., Schneider Electric, General Electric Company, Mitsubishi Electric Corporation, FANUC America Corporation, Honeywell International Inc., AMETEK.Inc., ABB, KEYENCE CORPORATION, Hitachi Vantara LLC, Rockwell Automation, Emerson Electric Co, Yokogawa Electric Corporation, Delta Electronics, Inc., Fuji Electric Co., Ltd., Endress+Hauser Group Services AG, OMRON Corporation, KUKA AG, Bosch Rexroth Corporation, Concept Systems and MachineMetrics among others
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Market Definition
Industrial automation is the usage of technologies such as robotics and computer software to control processes and machinery which substitute human beings in performing specific functions. These functions are mainly cantered on manufacturing, material handling and quality control processes. Industrial automation is the processes and control of machinery which used in numerous industries by autonomous systems. Industries usage automation to reduce costs and surge productivity related to their benefits and other associated expenses, while growing flexibility and precision.
Global Industrial Automation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing Adoption of Industry 4.0
The increasing adoption of Industry 4.0 principles is serving as a significant driving force for the Global industrial automation market. Industry 4.0, also known as the fourth industrial revolution, emphasizes the integration of digital technologies with traditional manufacturing processes to enhance efficiency, productivity, and flexibility. One of the key components of Industry 4.0 is the implementation of advanced automation solutions, such as robotics, advanced sensors, and cloud computing, across various industries. These technologies enable seamless communication and collaboration between machines, systems, and humans, leading to streamlined operations and improved decision-making processes.
- Growing Demand of Automation for Reliable and Efficient Manufacturing
The global industrial automation market is experiencing a significant surge in demand, primarily driven by the need for reliable and efficient manufacturing processes. Automation technologies have become increasingly sophisticated, offering manufacturers the ability to streamline operations, enhance productivity, and reduce costs. One of the key driving factors behind this trend is the growing demand for automation solutions that can address the challenges of modern manufacturing, such as the need for precision, flexibility, and scalability.
Opportunities
- Rising Government Initiatives to Promote Industrial Automation
Rising government initiatives aimed at promoting industrial automation are creating significant opportunities for the Global industrial automation market. Governments around the world are increasingly recognizing the potential benefits of automation in terms of enhancing productivity, efficiency, and competitiveness in industrial sectors. Consequently, they are implementing various policies and programs to incentivize businesses to adopt automation technologies. These initiatives often come in the form of tax incentives, subsidies, grants, and training programs to encourage companies to invest in automation solutions.
- Technological Advancement in Industrial Automation
Technological advancements in industrial automation are presenting significant opportunities for the global industrial automation market. Firstly, the integration of advanced technologies such as Artificial Intelligence (AI), machine learning, and Internet of Things (IoT) into industrial automation systems enhances efficiency and productivity. These technologies enable predictive maintenance, real-time monitoring, and optimization of manufacturing processes, leading to reduced downtime and operational costs. Additionally, automation allows for greater precision and consistency in production, resulting in higher quality products and improved competitiveness for businesses in various industries.
Restraints/Challenges
- High Cost Associated with Implementation and Maintenance of Industrial Automation
The high cost associated with the implementation and maintenance of industrial automation is indeed a significant factor restraining the global industrial automation market. Firstly, the initial investment required for acquiring automation technologies, such as specialized machinery, sensors, and control systems, can be substantial. This upfront cost can deter businesses, especially smaller ones, from adopting automation solutions despite their long-term benefits. Moreover, the complexity of integrating automation into existing processes adds to the expense, as it often necessitates extensive reconfiguration and customization of infrastructure, leading to higher implementation costs.
- Complexity of Integration and Limited Flexibility
The complexity of integration and limited flexibility pose significant challenges to the advancement of the global industrial automation market. Firstly, integration complexity arises due to the diverse range of systems, machinery, and processes involved in industrial automation. These systems often come from different manufacturers and utilize disparate communication protocols, making seamless integration a daunting task. As a result, companies face hurdles in achieving interoperability and data exchange between various components of their automation systems. This complexity not only increases implementation costs but also prolongs the deployment time, hampering the efficiency gains that automation promises.
Recent Developments
- In February 2024, Mitsubishi Electric Corporation and Koenig & Bauer team up to enhance quality control systems for battery cell manufacturing through a strategic partnership. Leveraging Mitsubishi Electric's CIS expertise and Koenig & Bauer's inline machine vision systems, the collaboration aims to streamline electrode foil production for improved efficiency and reliability in battery manufacturing
- In February 2024, Schneider Electric in partnership with Intel and Red Hat, unveils a pioneering Distributed Control Node (DCN) software framework, revolutionizing industrial automation infrastructure by replacing vendor-specific hardware with a plug-and-produce solution, fostering innovation, and mitigating obsolescence. This collaborative effort embodies a forward-looking vision, aligning with the Open Process Automation Forum's objectives, to empower industrial businesses with interoperable, portable technology, shaping the future of industrial control systems
- In March 2023, FANUC America Corporation introduces the PMi-A Plus PLC/CNC motion controller at MODEX 2024, enabling seamless integration of FANUC controls for general motion control equipment. This demonstration showcases the synergy between FANUC's factory automation and cobot product lines, offering a comprehensive automated warehouse solution for the supply chain industry
- In November 2023, Siemens invested over USD 500 million for U.S. infrastructure, including a USD 150 million high-tech plant in Dallas. The investment will support American data centers and critical infrastructure, meeting rising demand fueled by generative AI adoption. Roland Busch, CEO of Siemens AG, underscores the move's significance for economic backbone support and decarbonization progress
- In May 2021, General Electric has been chosen by thyssenkrupp Steel to modernize drive and automation systems in its Bochum hot rolling mill, ensuring productivity and future service availability. With a project spanning three stages, including the replacement of drive converters and control systems, the upgrade will enhance efficiency and minimize downtime, crucial for maintaining production integrity and reducing delays
Global Industrial Automation Market Scope
The global industrial automation market is segmented into six notable segments, which are based on components, mode of automation, systems, solution, type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
- Sensors
- Industrial Robots
- Industrial PC
- Machine Vision
- Industrial 3D Printing
- Human-Machine Interface (HMI)
- Field Instruments
- Control Valves
- Others
On the basis of components, the market is segmented into sensors, industrial robots, industrial PC, machine vision, industrial 3D printing, Human-Machine Interface (HMI), field instruments, control valves, and others.
Mode of Automation
- Semi-Automation
- Fully-Automation
On the basis of mode of automation, the market is segmented into semi-automation and fully-automation.
Systems
- PID
- Model Based Control
- Others
On the basis of systems, the market is segmented into PID, model based control, and others.
Solution
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Enterprise Level Controls
- Programmable Automation Control (PAC)
- Plant Asset Management (PAM)
- Digitalization
- Functional Safety
- Emission Control
On the basis of solution, the market is segmented into Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), digitalization, functional safety, and emission control.
Type
- Programmable Automation
- Fixed or Hard Automation
- Integrated Automation
- Flexible or Soft Automation
On the basis of type, the market is segmented into programmable automation, fixed or hard automation, integrated automation, and flexible or soft automation.
End User
- Process Industries
- Discrete Industries
On the basis of end user, the market is segmented into process industries and discrete industries.
Global Industrial Automation Market Regional Analysis/Insights
The global industrial automation market is analyzed and market size insights and trends are provided by, components, mode of automation, systems, solution, type and end user as referenced above.
The countries covered in the global industrial automation market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Sweden, Denmark, Poland, Norway, Finland, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, New Zealand, Taiwan, Vietnam, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Qatar, Bahrain, Kuwait, Oman, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
Asia-Pacific dominates the global industrial automation market due to wide adoption of enabling technologies such as cyber security, artificial intelligence, big data and internet of things technology in this region. China is expected to dominate the Asia-Pacific industrial automation market due to increasing industrialization and growing adoption of innovative industrial technologies in the country. The U.S. is expected to dominate the North America industrial automation market due to rising government initiatives to promote industrial automation. Germany is expected to dominate the Europe industrial automation market due to technological advancement in industrial automation.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Industrial Automation Market Share Analysis
Global industrial automation market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global industrial automation market.
Some of the major players operating in the global industrial automation market are Siemens, Analog Devices, Inc., Schneider Electric, General Electric Company, Mitsubishi Electric Corporation, and FANUC America Corporation among others.
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