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Global Industrial Automation Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
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Global Industrial Automation Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 10.8% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 175.76 Billion
Diagram Market Size (Forecast Year) USD 399.24 Billion
Diagram CAGR 10.8%

Global Industrial Automation Market, By Type (Fixed Automation and Programmable Automation), Component (Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface, Industrial PC, Sensors and Industrial 3D Printing), Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Functional Safety and Plant Asset Management (PAM)), Mode of Automation (Semi-automatic, Fully-automatic), End-use Industry (Oil & Gas, Chemicals, Pharmaceuticals & Medical Devices, Food & Beverages, Energy & Power, Automotive, Machine Manufacturing, Water & Wastewater Treatment, Electronics & Semiconductors, Metals & Mining, Others) – Industry Trends and Forecast to 2030.

Industrial Automation Market

Industrial Automation Market Analysis and Size

The industrial automation market is growing swiftly owing to the high adoption of automation solutions in the oil & gas, chemicals & materials, manufacturing and pharmaceutical sectors. The “distributed control system (DCS)” is expected to be the -growing solution segment due to the high adoption rate of Industrial internet of things (IIOT) to deploy automated control systems. This system is also used to control boiler side valves, boiler coal firing and fans, among other machineries of power generation processes. 

Data Bridge Market Research analyses that the industrial automation market was valued at USD 175.76 billion in 2022 and is expected to reach USD 399.24 billion by 2030, registering a CAGR of 10.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Industrial Automation Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Fixed Automation and Programmable Automation), Component (Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface, Industrial PC, Sensors and Industrial 3D Printing), Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Functional Safety and Plant Asset Management (PAM)), Mode of Automation (Semi-automatic, Fully-automatic), End-use Industry (Oil & Gas, Chemicals, Pharmaceuticals & Medical Devices, Food & Beverages, Energy & Power, Automotive, Machine Manufacturing, Water & Wastewater Treatment, Electronics & Semiconductors, Metals & Mining, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Schneider Electric (France), Emerson Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Endress+Hauser Group Services AG (Switzerland), Honeywell International Inc. (U.S.), ABB (U.S.), YASKAWA ELECTRIC CORPORATION. (Japan), Siemens (Germany), General Electric (U.S.), Dwyer Instruments Ltd (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Hitachi, Ltd (Japan), Stratasys (Israel), WIKA Instruments India Pvt. Ltd. (India), FANUC Corporation (JAPAN), Yokogawa India Ltd (Japan), Azbil Corporation (Japan), PARKER HANNIFIN CORP (U.S.),  Sensirion AG (Switzerland)

Market Opportunities

  • Increasing focus on the technological advancements in industrial automation
  • High usage of industrial automation in healthcare sector

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.

Industrial Automation Market Dynamics

Drivers

  • Government initiatives for adoption of industrial automation

Governments in Asia-Pacific and Europe are supporting the adoption of industrial automation systems and technologies for the digitalization of their individual manufacturing industry. For instance, Chinese government capitalised $577 million in emerging industrial robots under its Made in China plan in 2019, In this plan, the government goals to improve the production capabilities of Chinese sector. Under its 5 year Robot Industry Development Plan, China strategies to develop best robot manufacturers which create around 8–10 industrial clusters. Furthermore, the U.K. government announced plans to spend about $180 million on its “Manufacturing Made Smarter” scheme In September 2020, which is intended to promote innovation and interconnectivity in the country’s manufacturing sector.

  • Increasing demand of automation solutions for safety compliance

 Many industrial manufacturing procedures can be dangerous to humans. All over the manufacturing process, mechanical faults or human errors can result in deadly occurrences. As a result of this, the industrial automation industry must integrate safety measures to stop workplace accidents. Safety compliance automation products support in decreasing the danger of an accident. As a result, these safety instruments are manufactured to react reliably and swiftly. the International Standard Organization (ISO) and the Worldwide Electrotechnical Commission (IEC)  manage international safety standards for machinery to assure product quality, worker safety,  and technical compatibility of products and services.

Opportunities

  • High usage of industrial automation in healthcare sector

Industrial automation is high in demand in healthcare sector because it provides services and consultation to treat patients’ health issues such as palliative, rehabilitative, curative and curative. Control and automation can improve supply chain errors and operational costs and improve customer centre, which accounts for better patient treatment and care. Automation has also allowed doctors to conduct surgeries remotely or with negligible human interference for added safety and precision. Thus, the high usage of industrial automation in healthcare sector will expected to create immense opportunities for the market growth.

Restraints/ Challenges

  • Issues associated with industrial automations

Lack of trained expertise or skilled professionals will pose a major challenge to the growth of the industrial automation market. Moreover, high initial capital investments will act as a major market restraint for the growth of the market. Furthermore, complications involved in the technical applications will further hider the growth rate of the industrial automation market.

This industrial automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Industrial Automation Market

The outbreak of COVID-19 pandemic has significantly impacted numerous processing and manufacturing industries all over the globe. The industries rigorously affected comprise rubber & plastic machinery, oil & gas, construction machinery and power generation. These industries faced a high impact owing to low production, changes in consumer behaviour and dependency on end-use markets and are anticipated to recover slowly.

Furthermore, industrial sector was rigorously impacted due to the decrease consumption of high-cost products and the inclination to expend on only important services and goods by the pandemic. With countries resuming trade and economic stability and activity in consumer lifestyles, the spending on these services and products is anticipated to surge, increasing the demand for automation solutions in upcoming years.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2021, Accenture plc completed its acquisition with Pollux, an industrial automation solution provider. This acquisition goals to leverage Pollux’s expertise and experience in robotics and automation solutions.
  • In 2021, ABB launched its cobot range in the SWIFT and GoFa automation robot families. With faster robot mobility and augmented payload capacity, these automation robots will complement Single Arm YuMi and YuMi  in ABB's cobot portfolio.

Global Industrial Automation Market Scope

The industrial automation market is segmented on the basis of type, component, solution, mode of automation and end-use industry. The growth amongst these segments will help you analyze 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.

Type

  • Fixed Automation
  • Programmable Automation

 Component

  • Industrial Robots
  • Machine Vision
  • Control Valves
  • Field Instruments
  • Human–Machine Interface
  • Industrial PC
  • Sensors
  • Industrial 3D Printing

 Solution

  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Manufacturing Execution System (MES)
  • Product Lifecycle Management (PLM)
  • Functional Safety and Plant Asset Management (PAM)

Mode of Automation

  • Semi-automatic
  • Fully-automatic

 End-use Industry

  • Oil & Gas
  • Upstream
  • Midstream
  • Downstream
  • Chemicals
  • Pharmaceuticals & Medical Devices
  • Food & Beverages
  • Beverages & Distilleries
  • Dairy Processing
  • Bakery & Confectionary
  • Meat, Poultry, and Seafood Products
  • Fruits & Vegetables
  • Oil & Fats
  • Other F&B End Users
  • Energy & Power
  • Automotive
  • Machine Manufacturing
  • Water & Wastewater Treatment
  • Electronics & Semiconductors
  • Metals & Mining
  • Others

Industrial Automation Market Regional Analysis/Insights

The industrial automation market is analyzed and market size insights and trends are provided by country, type, component, solution, mode of automation and end-use industry as referenced above.

The countries covered in the industrial automation market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the industrial automation market in terms of revenue and market share. This is mainly due to wide adoption of enabling technologies such as cyber security, artificial intelligence, big data and internet of things technology in this region.

Asia-Pacific will continue to project the highest growth rate during the forecast period of 2023-2030 due to increasing industrialization and growing adoption of innovative industrial technologies in this region. 

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 Industrial Automation Market Share Analysis

The industrial automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, 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 industrial automation market.

Some of the major players operating in the industrial automation market are:

  • Schneider Electric (France)
  • Emerson Electric Co. (U.S.)
  • Rockwell Automation, Inc. (U.S.)
  • Endress+Hauser Group Services AG (Switzerland)
  • Honeywell International Inc. (U.S.)
  • ABB (U.S.)
  • YASKAWA ELECTRIC CORPORATION. (Japan)
  • Siemens (Germany)
  • General Electric (U.S.)
  • Dwyer Instruments Ltd (U.S.)
  • Mitsubishi Electric Corporation (Japan)
  • OMRON Corporation (Japan)
  • Hitachi, Ltd (Japan)
  • Stratasys (Israel)
  • WIKA Instruments India Pvt. Ltd. (India)
  • FANUC Corporation (Japan)
  • Yokogawa India Ltd (Japan)
  • Azbil Corporation (Japan)
  • PARKER HANNIFIN CORP (U.S.)
  • Sensirion AG (Switzerland)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Type, component, solution, mode of automation, and end-use industry are the factors on which the industrial automation market research is based.
The growth rate of the industrial automation market is 10.80% in the forecast by 2030.
Major companies in the industrial automation market are Schneider Electric (France), Emerson Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Endress+Hauser Group Services AG (Switzerland), Honeywell International Inc. (U.S.), ABB (U.S.), YASKAWA ELECTRIC CORPORATION. (Japan), etc.
The industrial automation market size will be worth USD 399.24 billion by 2030.
Major companies in the industrial automation market are Schneider Electric (France), Emerson Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Endress+Hauser Group Services AG (Switzerland), Honeywell International Inc. (U.S.), ABB (U.S.), YASKAWA ELECTRIC CORPORATION. (Japan), Siemens (Germany), General Electric (U.S.), Dwyer Instruments Ltd (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Hitachi, Ltd (Japan), Stratasys (Israel), WIKA Instruments India Pvt. Ltd. (India), FANUC Corporation (JAPAN), Yokogawa India Ltd (Japan), Azbil Corporation (Japan), PARKER HANNIFIN CORP (U.S.), Sensirion AG (Switzerland).
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