Global Industrial Automation and Control Systems Market Insights Forecasts to 2032

• The Industrial Automation and Control Systems Market was valued at USD 164.12 Billion in 2022.
• The Market is Growing at a CAGR of 9.8% from 2023 to 2032
• The Global industrial automation and control systems Market is expected to reach USD 418.01 Billion by 2032
• North America is expected to grow the fastest during the forecast period

The Global Industrial Automation and Control Systems Market is expected to reach USD 418.01 billion by 2032, at a CAGR of 9.8% during the forecast period 2022 to 2032.

Market Overview

Industrial Automation and Control Systems (IACS) are computer-based systems used to control and monitor industrial processes. IACS uses sensors, actuators, and controllers to automate tasks and make production more efficient. These systems can be found in various industries, including manufacturing, oil and gas, power generation, and transportation. They provide real-time data and analytics to help operators make informed decisions and optimize performance. However, IACS is also vulnerable to cyber-attacks, and their security is a critical concern for the safety and reliability of industrial operations.

Report Coverage

This research report categorizes the market for industrial automation and control systems market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the industrial automation and control systems market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the industrial automation and control systems market.

Driving Factors

There are several drivers of the Industrial Automation and Control Systems (IACS) market. The need for increased efficiency and productivity in industrial processes is one of the main drivers. Other factors include the demand for improved safety and reliability, the need for better quality control, and the rising adoption of Industry 4.0 technologies. The increasing use of artificial intelligence and the Internet of Things (IoT) in industrial automation is also driving market growth. Additionally, the availability of cloud-based automation solutions and the growing trend towards digitalization is expected to further boost the IACS market.

Restraining Factors

There are several restraints affecting the Industrial Automation and Control Systems (IACS) market. One major restraint is the high cost of implementing automation systems, which may be prohibitive for some companies. Another challenge is the shortage of skilled workers with expertise in automation and control systems. Additionally, concerns around data privacy and cybersecurity pose a significant threat to the adoption of these systems. The complexity of integrating IACS with legacy systems and the potential for equipment failure or system downtime are also barriers to market growth.

Market Segmentation

• In 2022, the industrial robots segment accounted for around 30.5% market share

On the basis of component type, the global industrial automation and control systems market is segmented into HMI, industrial robots, control valves, sensors, and others. The industrial robots segment is dominating with the largest market share in 2022, due to their ability to automate repetitive and dangerous tasks in manufacturing and other industrial processes. They offer increased accuracy, speed, and efficiency, leading to improved productivity and reduced costs. Moreover, the advancements in robotics technology, such as collaborative robots or "cobots," have enabled safer and more flexible automation solutions that can work alongside human operators. Additionally, the adoption of artificial intelligence and machine learning in industrial robotics has further improved their performance and versatility, solidifying their position as the dominant force in the IACS market.

• In 2022, the distributed control systems (DCS) segment dominated the market with more than 36.2% revenue share

Based on control systems, the global industrial automation and control systems market is segmented into DCS, PLC, SCADA, and others. Out of this, distributed control systems (DCS) are dominating the market with the largest market share in 2022, due to their ability to control and monitor complex industrial processes across various industries. DCS provides a scalable and modular approach to automation, enabling precise control of each process variable in real-time, improving the efficiency of the plant, and reducing operating costs. Furthermore, the integration of DCS with advanced control algorithms and analytics, such as predictive maintenance and optimization, allows operators to make informed decisions, increasing productivity and reducing downtime.

Regional Segment Analysis of the Industrial Automation and Control Systems Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific dominated the market with more than 36.7% revenue share in 2022.

Based on region, Asia-Pacific dominates the Industrial Automation and Control Systems (IACS) market due to the region's rapid industrialization and increasing adoption of automation technologies. Countries like China, Japan, and South Korea are major contributors to market growth, driven by their focus on manufacturing and production efficiency. The region also benefits from a large population of tech-savvy consumers and a growing middle class, which drives demand for consumer goods and industrial products. Moreover, the government initiatives supporting the adoption of automation technologies and the expansion of manufacturing sectors also boost the IACS market in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global industrial automation and control systems market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Companies:

• Siemens AG
• ABB Ltd.
• Emerson Electric Co.
• Schneider Electric SE
• Rockwell Automation, Inc.
• Honeywell International Inc.
• Mitsubishi Electric Corporation
• Yokogawa Electric Corporation
• General Electric Company
• Omron Corporation
• Bosch Rexroth AG
• Johnson Controls International plc
• Fanuc Corporation
• Kuka AG
• Danaher Corporation

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2022, Flexware Innovation, Inc., a systems integrator specializing in manufacturing, has been acquired by Hitachi, Ltd. This acquisition will bolster Hitachi's capabilities in MES, SCADA, Business Intelligence (BI), Software Development, and ERP implementation in North America, as well as accelerate digitalization efforts in partnership with JR Automation, which is engaged in robotic systems integration and automation.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global industrial automation and control systems market based on the below-mentioned segments:

Industrial Automation and Control Systems Market, By Component

• HMI
• Industrial Robots
• Control Valves
• Sensors
• Others

Industrial Automation and Control Systems Market, By Control System

• DCS
• PLC
• SCADA
• Others

Industrial Automation and Control Systems Market, By Vertical

• Automotive
• Energy & Utilities
• Food & Beverage
• Healthcare
• Manufacturing
• Others

Industrial Automation and Control Systems Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa