Global Industrial Automation Market - Overview, Size, Share, Industry Trends and Opportunities

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.

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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**Segments**

- **By Component**: The industrial automation market can be segmented by component into hardware, software, and services. Hardware includes control systems, drives, and motors, while software comprises SCADA, HMI, MES, and PLC programming. Services include integration, maintenance, and training services.
- **By Industry**: The industrial automation market can be segmented by industry into automotive, chemical, pharmaceutical, food & beverage, and aerospace. Each industry has unique requirements for automation solutions tailored to their specific production processes.
- **By Region**: Geographically, the global industrial automation market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Each region has its own market dynamics influenced by factors such as economic growth, technological advancements, and regulatory environment.

**Market Players**

- **Siemens AG**: A leading player in the industrial automation market, Siemens offers a wide range of automation solutions including PLCs, drives, and SCADA systems. The company's innovative products cater to various industries, ensuring efficient and reliable automation processes.
- **ABB Ltd**: ABB is another key player in the industrial automation market known for its robotics, motion, and electrification products. The company's digital solutions enable seamless integration and optimization of industrial processes, enhancing productivity and competitiveness.
- **Rockwell Automation**: Rockwell Automation specializes in providing industrial automation and digitalization solutions for diverse industries. Their portfolio includes control systems, software, and services that enable smart manufacturing and operational excellence.
- **Schneider Electric**: Schneider Electric offers a comprehensive range of industrial automation products, including sensors, actuators, and control systems. The company's EcoStruxure platform integrates automation and energy management, enabling sustainable and efficient operations.
- **Mitsubishi Electric Corporation**: Mitsubishi Electric is a prominent player in the industrial automation market, offering advanced solutions for factory automation and process control. Their innovative products enhance production efficiency and quality, meeting the evolving needs of modern industries.

The global industrial automation market is characterized by intense competition and technological advancements driving market growth. Key players such as Siemens AG, ABB Ltd, Rockwell Automation, Schneider Electric, and Mitsubishi Electric Corporation continuously innovate to meet the evolving demands of industries worldwide. With increasing adoption of automation solutions across various sectors, the market is poised for significant expansion in the coming years.

The global industrial automation market is witnessing a transformative shift driven by technological advancements and the increasing focus on operational efficiency across industries. One key trend shaping the market is the rising adoption of industry 4.0 concepts, such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, to enable interconnected and intelligent manufacturing systems. This shift towards smart factories is leading to the integration of automation solutions with digital technologies to enhance production processes, improve quality control, and enable predictive maintenance strategies.

Moreover, the demand for flexible and agile manufacturing operations is fueling the deployment of collaborative robots (cobots) and autonomous systems in industrial settings. These innovative automation technologies are revolutionizing traditional manufacturing processes by enabling human-robot collaboration, enhancing productivity, and ensuring worker safety. Companies are increasingly investing in automation solutions that facilitate rapid reconfiguration of production lines, quick changeovers, and scalability to meet evolving market demands.

Another significant factor driving market growth is the increasing emphasis on sustainability and energy efficiency in industrial operations. Automation technologies play a crucial role in optimizing energy consumption, reducing waste, and minimizing environmental impact. Manufacturers are leveraging automation solutions to monitor and control energy usage, implement eco-friendly processes, and achieve compliance with regulations and standards related to environmental sustainability.

Furthermore, the industrial automation market is experiencing a shift towards cloud-based and software-as-a-service (SaaS) solutions. Cloud platforms offer scalability, flexibility, and cost-effectiveness, allowing companies to access advanced automation features without heavy upfront investments in infrastructure. This trend is particularly relevant for small and medium-sized enterprises looking to adopt automation technologies to enhance their competitiveness and streamline operations.

In terms of challenges, cybersecurity concerns remain a key focus for industrial automation market players. With the increasing connectivity of industrial systems and the proliferation of IoT devices, cybersecurity threats pose risks to data integrity, operational continuity, and intellectual property protection. Companies are investing in robust cybersecurity measures, such as encryption protocols, network segmentation, and intrusion detection systems, to safeguard their automation infrastructure from cyber attacks.

Overall, the global industrial automation market is witnessing a period of significant innovation, driven by the convergence of advanced technologies, changing market dynamics, and evolving customer demands. Market players are focusing on offering integrated solutions that combine hardware, software, and services to deliver comprehensive automation capabilities tailored to the specific requirements of different industries. As industries continue to embrace digital transformation and automation, the market is poised for sustained growth and evolution in the years to come.**Segments**

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.

- The industrial automation market is witnessing a shift towards advanced components such as sensors, industrial robots, and machine vision systems that enable efficient and precise automation processes.
- The mode of automation is evolving with a focus on both semi-automation and fully-automation solutions to cater to varying industry requirements for manual intervention and complete autonomous control.
- Different systems including PID (Proportional-Integral-Derivative) and model-based control are being utilized to enhance control strategies and optimize industrial operations.
- The market is experiencing a surge in solutions such as PLCs, DCS, SCADA, and digitalization tools, empowering industries with sophisticated automation capabilities and real-time monitoring functionalities.
- Various types of automation like programmable, fixed or hard, integrated, and flexible or soft automation are being deployed based on specific needs for standardized processes or adaptable manufacturing environments.
- End users in both process industries (continuous production) and discrete industries (batch production) are adopting automation technologies to streamline operations and improve productivity.

The global industrial automation market is dynamic and evolving rapidly due to technological advancements and changing industry landscapes. With a focus on components, mode of automation, systems, solutions, types, and end users, manufacturers are embracing innovative automation tools to enhance efficiency, accuracy, and flexibility in their operations. As automation becomes more integrated and intelligent, the market is poised for substantial growth and transformation in the years ahead.

While the market is poised for growth, some challenges and opportunities are shaping the industrial automation landscape. The rising demand for customized automation solutions tailored to specific industry needs presents an opportunity for players to innovate and differentiate their offerings. Additionally, the integration of IoT, AI, and big data analytics is revolutionizing industrial processes, opening new avenues for predictive maintenance and data-driven decision-making.

However, cybersecurity threats remain a significant concern for industrial automation systems, prompting the need for robust security measures and protocols to safeguard critical control systems and data. As companies strive to enhance operational efficiency and sustainability through automation, addressing cybersecurity risks will be essential to ensure the reliability and integrity of automated processes.

In conclusion, the industrial automation market is undergoing a transformative phase driven by technological innovations and a growing emphasis on smart and connected manufacturing. With a focus on advancing components, integrated solutions, and tailored automation strategies, the market is poised for sustained growth and innovation as industries continue to embrace digital transformation and automation technologies.

 

The Industrial Automation Market competitive landscape provides details by the competitors. 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, and application dominance.

Major Points Covered in TOC:

Industrial Automation Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Industrial Automation Market portions by application, study goals, and years considered.

Industrial Automation Market Landscape: Here, the opposition in the Worldwide Industrial Automation Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.

Industrial Automation Profiles of Manufacturers: Here, driving players of the worldwide Industrial Automation Market are considered dependent on deals region, key items, net edge, income, cost, and creation.

Industrial Automation Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Industrial Automation Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.

Industrial Automation Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Industrial Automation Market.

Industrial Automation Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.

Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.

What to Expect from the Report, a 7-Pointer Guide

• The Industrial Automation Market report dives into the holistic Strategy and Innovation for this market ecosystem
• The Industrial Automation Market report keenly isolates and upholds notable prominent market drivers and barriers
• The Industrial Automation Market report sets clarity in identifying technological standardization as well as the regulatory
• framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
• The Industrial Automation Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
• A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability

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