Industrial Automation Market Size, Share, By Automation Type (Distributed Control System (DCS), Programmable Logic Control System (PLC), Machine Vision System, Manufacturing Execution System (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) routers, and Electronic Control Units (ECU)), By Industry (Automation and Transportation, Metals and Mining, Oil and Gas, Pulp and Paper, Hydro power, Energy and Power System, Chemical, Material and Food, and Measurement and Instrumentation), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Trends, Analysis and Forecast till 2034

Report Code: PMI27819 | Publish Date: April 2024 | No. of Pages: 172

Global Industrial Automation Market By Overview

Industrial Automation Market was valued at US$ 205.6 Million in 2024 and is projected to grow at a CAGR of 8.84%to reach US$ 445.7 Million by 2034.

Industrial automation is the use of technology to carry out a task with the least amount of human intervention. Information technology, facilities, utilities, transportation, manufacturing, and the defence industry all use automation. A key factor propelling the target market's growth is the rising demand for heat-treating boilers and ovens, aircraft, telecom networks, automotive assemblies, and chemical plant machinery worldwide. Automation systems are also being adopted by a number of industries to lessen the labour burden. This is an additional element that is anticipated to drive the market for industrial automation. Additionally, a number of significant players are investing heavily in industrial automation research and development, which is assisting in the target market's expansion. However, growth is hampered by a lack of knowledge about the advantages of automation.

Global Industrial Automation Market By Dynamics

Accuracy and Efficiency:

  • Robotization upgrades proficiency by computerizing tedious errands that people might perform with changeability or mistake. By depending on steady machine execution, businesses can increment yield rates and operational proficiency. This permits them to create more with the same assets, eventually progressing efficiency levels.

Taken a toll Diminishment:

  • Executing robotization frequently leads to taken a toll investment funds over different fronts. It diminishes labour costs by minimizing the require for human intercession in schedule operations. Furthermore, computerization makes a difference in optimizing asset utilization, lessening squander, and bringing down support costs over time. These combined variables contribute to by and large fetch lessening and progressed benefit for businesses.

Quality Advancement:

  • Mechanized frameworks work with exactness and consistency, guaranteeing that items meet correct determinations and quality measures. This unwavering quality in generation comes about in less surrenders and higher-quality yields, improving item unwavering quality and client fulfilment. By keeping up steady quality levels, businesses can construct believe with their clients and reinforce their advertise position.

Adaptability and Adaptability:

  • Mechanized frameworks are planned to be versatile and versatile to changing generation requests. Businesses can effectively alter generation capacities or reconfigure forms to reply to advertise variances or modern openings. This adaptability permits companies to stay dexterous and competitive in energetic showcase conditions, guaranteeing they can meet client requests proficiently and viably.

Restraints:

Introductory Speculation:

  • The forthright costs related with procuring and executing mechanization advances can be significant. Businesses have to be contributed in obtaining gear, overhauling foundation, and coordination modern frameworks into existing operations. This beginning monetary cost can posture a boundary for littler companies or those with constrained capital assets, requiring cautious money related arranging and defence of return on speculation.

Complexity and Integration:

  • Joining mechanization into existing workflows and foundation can be complex and challenging. It regularly requires specialized information and ability to guarantee consistent integration and negligible disturbance to continuous operations. Businesses may confront challenges in adjusting mechanized forms with existing frameworks, which can lead to delays, wasteful aspects, or transitory misfortunes amid the execution stage.

Global Industrial Automation Market By Segmentation

Industrial Automation Market is segmented based on based Automation Type, Industry and By Region

Automation Type Insight

  • Distributed Control System (DCS): DCS is a centralized system used in industrial processes to control and monitor multiple devices and processes across a plant or facility. It enhances efficiency by allowing for real-time monitoring, control, and coordination of various operations from a single location.
  • Programmable Logic Controller (PLC): These are ruggedized computers used to automate electromechanical processes in manufacturing plants. They control machinery on production lines by executing programmed logic instructions, enhancing precision, reliability, and flexibility in industrial automation.
  • Machine Vision System: It uses cameras and image processing algorithms to inspect, measure, and analyse objects in industrial settings. They ensure product quality, guide robotic operations, and automate tasks such as defect detection and quality control with high accuracy and speed.
  • Manufacturing Execution System (MES): It integrates production planning, scheduling, and execution with shop floor control and data collection. It provides real-time visibility into manufacturing operations, optimizing production efficiency, resource utilization, and inventory management.
  • Human Machine Interface (HMI): HMIs are interfaces that allow operators to interact with and control industrial machines and processes. They display real-time data, status information, and controls in a user-friendly graphical format, enabling operators to monitor operations and make informed decisions.
  • Supervisory Control and Data Acquisition (SCADA): These systems monitor and control industrial processes and infrastructure. They gather real-time data from sensors and equipment, allowing operators to remotely monitor processes, analyse trends, and respond to alarms or anomalies promptly.
  • Product Lifecycle Management (PLM): PLM manages the entire lifecycle of a product from conception through design, manufacturing, and service. It collects data, processes, business systems, and people, facilitating collaboration and ensuring product development efficiency, quality, and compliance.
  • Plant Asset Management: Plant Asset Management systems monitor, maintain, and manage the performance and condition of assets in industrial plants. They optimize asset reliability, availability, and lifespan through predictive maintenance, asset tracking, and performance analysis.
  • Computer Numerical Control (CNC) routers: CNC routers automate machining operations by controlling the movement of cutting tools and work pieces based on programmed instructions. They enable precise and efficient manufacturing of Automation Types, prototypes, and customized products in industries such as woodworking, metalworking, and composites.
  • Electronic Control Units (ECU): ECUs are embedded systems that control and manage electrical and mechanical systems in vehicles and industrial equipment. They regulate functions such as engine management, transmission control, and braking systems, ensuring optimal performance, efficiency, and safety.

Industry Type Insights

  • Automation and Transportation: This segment coordinating robotization advances like PLCs, SCADA, and MES to improve productivity in transportation frameworks (rail, air terminals) and coordination. It optimizes operations, makes strides security, and guarantees convenient and dependable benefit conveyance.
  • Metals and Mining: Computerization in metals and mining utilizes DCS, PLCs, and mechanical autonomy to streamline operations, from mineral extraction to handling and refining. It increments efficiency, guarantees labour security in unsafe situations, and decreases natural affect through productive asset utilization.
  • Oil and Gas: Robotization within the oil and gas industry utilizes SCADA, DCS, and MES to control boring, refining, and dissemination forms. It improves operational proficiency, screens pipeline keenness, guarantees administrative compliance, and progresses specialist security in challenging seaward and inland situations
  • Pulp and Paper: Computerization in mash and paper businesses joins DCS, PLCs, and MES to optimize paper generation forms, from mash handling to bundling. It progresses quality control, decreases squander, minimizes downtime
  • Hydropower: Robotization in hydropower utilizes DCS and SCADA to oversee water stream, turbine operation, and power era. It maximizes vitality yield, screens natural impacts, guarantees dam security, and bolsters lattice solidness with productive control era.
  • Energy and Power Systems: Computerization in vitality and control frameworks coordinating SCADA, DCS, and shrewd framework advances to oversee era, transmission, and conveyance. It improves framework unwavering quality, encourages renewable vitality integration, optimizes stack administration, and makes strides vitality productivity
  • Chemical, Material, and Food: Mechanization in this division utilizes DCS, PLCs, and MES to control chemical forms, guarantee item quality, and keep up nourishment security measures. It upgrades bunch consistency, screens administrative compliance, moves forward traceability, and diminishes generation costs.
  • Measurement and Instrumentation: This division utilizes mechanization for exact estimation and control in businesses such as pharmaceuticals, research facilities, and fabricating. It improves exactness, reliability, and repeatability of estimations, makes strides handle control, and guarantees compliance with industry guidelines.

Regional Insights:

On region the Industrial Automation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America particularly the United States and Canada, is a significant market for Automation Industry and markets due to strong regulatory frameworks and increasing investor demand for transparency in sustainability practices.
  • Asia Pacific region is rapidly growing in the Industrial Automation Market due to increasing regulatory developments, investor interest, and corporate sustainability efforts. Countries like Japan, South Korea, and Australia are enhancing their industrial requirements. China is also beginning to emphasize automation practices as part of its broader economic reforms.
  • Europe is expected to dominate the target market growth and this region is also considered a leader in the Industrial Automation market, driven by rigorous regulations and a strong cultural emphasis on sustainability and corporate responsibility.
  • Latin America is emerging as a promising market for Industrial Automation Market, driven by increasing awareness and regulatory initiatives. There is a growing awareness of the importance of technicality in automation among businesses and investors in Latin America. This has led to increased adoption of Automation in industries.
  • Middle East & Africa region is a growing interest from both regional and international investors in Industrial Automation market driving companies to adopt ESG reporting tools to enhance transparency and attract investment.  

Industrial Automation Market Report Scope:

Attribute

Details

Market Size 2024

US$ 205.6 million

Projected Market Size 2034

US$ 445.7 million

CAGR Growth Rate

8.84%

Base year for estimation  

2023

Forecast period       

2024-2034

Market representation       

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Automation Type - Distributed Control System (DCS), Programmable Logic Control System (PLC), Machine Vision System, Manufacturing Execution System (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) routers, and Electronic Control Units (ECU)

By Industry - Automation and Transportation, Metals and Mining, Oil and Gas, Pulp and Paper, Hydro power, Energy and Power System, Chemical, Material and Food, and Measurement and Instrumentation

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Industrial Automation Market report based on By Automation Type, By Industry and Region:

Industrial Automation Market, By Automation Type:

  • Distributed Control System (DCS)
  • Programmable Logic Control System (PLC)
  • Machine Vision System
  • Manufacturing Execution System (MES)
  • Human Machine Interface (HMI)
  • Supervisory Control and Data Acquisition (SCADA)
  • Product Lifecycle Management (PLM)
  • Plant Asset Management
  • Computer Numerical Control (CNC) routers
  • Electronic Control Units (ECU)

Industrial Automation Market By Industry:

  • Automation and Transportation
  • Metals and Mining
  • Oil and Gas
  • Pulp and Paper
  • Hydro power
  • Energy and Power System
  • Chemical
  • Material and Food
  • Measurement and Instrumentation

Industrial Automation Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Industrial Automation Market By Key Players

Key players operating the industrial automation market includes Toshiba Machine Corporation Ltd., Rockwell Automation, Inc., FANUC Corporation, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Emerson Electric Company, BB Ltd., Honeywell International Inc, Mitsubishi Electric Corporation, Voith GmbH Co. KGaA, and General Electric Company.

Global Industrial Automation Market By Key Issues Addressed

  • In July 2023, Rockwell automation Inc. has collaborated with cloud-based digitalization and traceability platform, Kesser AG. The partnership aims to enable manufacturer for capturing their product end to end journey from raw material to point of sale or beyond cloud-based chain solution. This has increased Investor demands in the market.
  • In April 2021, Siemen AG has collaborated with SAP TO deliver a new solution for service. The new Siemens solutions are designed to leverage elements of Siemens Xcelerator portfolio of software and services including Teamcenter, MindSphere, and Mendix, together with SAP Intelligent Asset Management and SAP Enterprise Portfolio and Project Management cloud applications.

Global Industrial Automation Market By Company Profile

  • Rockwell Automation, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategy Overview
  • Toshiba Machine Corporation Ltd.
  • FANUC Corporation
  • Yaskawa Electric Corporation
  • Yokogawa Electric Corporation
  • Emerson Electric Company
  • BB Ltd., Honeywell International Inc
  • Mitsubishi Electric Corporation
  • Voith GmbH Co.
  • KGaA
  • General Electric Company

“*” marked represents similar segmentation in other categories in the respective section.

Global Industrial Automation Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings
    • Key Questions this Study Will Answer
    • Market Snippet, By Automation Type
    • Market Snippet, By Industry Type
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Automation Type, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Distributed Control System (DCS)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Programmable Logic Control System (PLC)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Machine Vision System
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Manufacturing Execution System (MES)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Human Machine Interface (HMI)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Supervisory Control and Data Acquisition (SCADA)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Product Lifecycle Management (PLM)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Plant Asset Management
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Computer Numerical Control (CNC) routers
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electronic Control Units (ECU)
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Industry Type, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Automation and Transportation
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metals and Mining
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil and Gas
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Pulp and Paper
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hydro power
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chemical
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Material and Food
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Measurement and Instrumentation
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Mn), By Automation Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Industry Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Mn), By Automation Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Industry Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Mn), By Automation Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Industry Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Mn), By Automation Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Industry Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Mn), By Automation Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Industry Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Toshiba Machine Corporation Ltd.
  • FANUC Corporation
  • Yaskawa Electric Corporation
  • Yokogawa Electric Corporation
  • Emerson Electric Company
  • BB Ltd., Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Voith GmbH Co.
  • KGaA
  • General Electric Company

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Industrial Automation Market was valued at US$ 205.6 million in 2024 and is projected to grow at a CAGR of 8.84%to reach US$ 445.7 million by 2034

Industrial Automation Market is segmented into on the basis of Automation Types, Industry Type and Region.

Factors driving the Industrial Automation Market include increasing regulatory pressure and growing investor demand.

Restraints of the Industrial Automation Market include high implementation costs and lack of standardization.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Key players operating the industrial automation market includes Toshiba Machine Corporation Ltd., Rockwell Automation, Inc., FANUC Corporation, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Emerson Electric Company, BB Ltd., Honeywell International Inc, Mitsubishi Electric Corporation, Voith GmbH Co. KGaA, and General Electric Company