Global Industrial Automation Market Insights Forecasts to 2030

• The Global Industrial Automation Market Size was valued at USD 177.57 Billion in 2021
• The Worldwide Market is growing at a CAGR of 8.84% from 2022 to 2030
• The Worldwide Industrial Automation Market is expected to reach USD 441.7 Billion by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

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The Global Industrial Automation Market is expected to reach USD 441.7 Billion by 2030, at a CAGR of 8.84% during the forecast period 2022 to 2030.

 

Market Overview

Industrial automation is the process of controlling machines and processes in many sectors using a wide range of technologies such as computers and robots, which substitute humans in executing specified tasks. Industrial automation has been performed by employing a wide range of techniques, most usually in conjunction, including mechanical, hydraulic, pneumatic, electrical, electronic, and computer technologies. Combinations of all of these processes are common in complex systems such as modern factories, industrial plants, airplanes, and ships. Industrial automation provides benefits such as labor reduction, waste minimization, cost savings on materials and electricity, as well as increases in productivity, flexibility, quality, accuracy, and safety.

 

The "fourth industrial revolution," often known as Industry 4.0, which includes the expansion of the Industrial Internet of Things, is frequently associated with industrial automation (IIoT).The aim of Industry 4.0 is to improve manufacturing processes through the use of internet-enabled devices, resulting in a more dependable, consistent, and effective manufacturing platform.

 

Report Coverage

This research report categorizes the market for Global Industrial Automation 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 Global Industrial Automation 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 Global Industrial Automation Market.

 

    

Driving Factors

The market for industrial automation has expanded more rapidly as a result of the growing use of cutting-edge technologies such as digital twins, machine learning, the internet of things, and artificial intelligence. Industries are introducing industrial automation and control systems to increase quality and industrial safety, as well as productivity and labor costs. Furthermore, when compared to outsourcing or going offshore, it improves process control and dramatically reduces lead times.

 

The expansion of the industrial automation market is being driven by the emergence of integrated organizations, the necessity of large manufacturing of products, and the rising acceptance of digital techniques and AR technologies in manufacturing. The emergence of sophisticated technologies including cloud computing, cloud mobility, and data analytics, is assisting organizations to procure their objectives proficiently. In addition, the digital twins also aid organizations deduce the feasibility, lowering risk during deployment, and estimate potential improvements. Furthermore, digital twin implementation and maintenance have become more manageable with the development of the industrial Internet of Things, such as cloud systems and smart sensors.

 

Furthermore, increased investment and ongoing expansion in the manufacturing industry are expected to drive the industrial automation market growth in the coming years.Automotive, aerospace and heavy engineering industries are rapidly adopting digital and modernizing their manufacturing operations.

 

Restraining Factors

Industrial automation does, however, have significant drawbacks, such as high start-up costs, decreased employment of workers, and the removal of some morally responsible human oversight. In addition, industrial automation procedures are cost-effective, and the initial capital investment required for technology implementation and employee training is significant.Furthermore, due to the industry's fragmentation, the return on investment (ROI) cannot be predicted.

 

Market Segmentation

• In 2021, the software segment is witnessing significant CAGR growth over the forecast period

On the basis of type, the Global Industrial Automation Market is segmented into hardware, software, and services. Among these, the software is predicted to rise at a considerable CAGR throughout the forecast period, owing to the high total cost of ownership savings, increased delivery speed and quality, and expansion in regulated & customizable fixed operator services. The growing need to optimize company processes is likely to drive the global adoption of industrial automation software. The service segment, on the other hand, is expected to develop at the fastest rate during the projection period due to the rising demand for industrial automation and the need for professional services to training individuals to operate this equipment properly.

 

• In 2021, the supervisory control &data acquisition (SCADA)segment is dominating the market over the forecast period

 

On the basis of solution, the Global Industrial Automation Market and segmented into Distributed Control System (DCS), Supervisory Control & Data Acquisition (SCADA), Human Machine Interface (HMI), Robotic Process Automation (RPA), Artificial Neural Network (ANN) andothers. Among these, the supervisory control and data acquisition (SCADA) segment is expected to rise at a considerable CAGR over the projected period due to the increased use of industry 4.0.Manufacturers' increased demands for savvy and automated manufacturing processes to improve production efficiency are also likely to fuel the global market expansion.The SCADA control system is utilized across numerous diverse industries, such as aerospace and defense, electrical and electronics, chemicals, utilities and energy sectors, commercial production, and healthcare, coupled with the ability to gather real-time information and transfer it instantly to controller systems.

 

• In 2021, the manufacturing segment is dominating the market with the largest market share of 38% over the forecast period

 

Based on the industry verticals, the Global Industrial Automation Market is segmented into chemicals, aerospace &defense, automotive, healthcare & medical devices, energy & utilities, manufacturing, oil & gas, mining, electronics & semiconductors, transportation, and other industries. Given the rapid adoption of automated systems in manufacturing and other industries employing automation systems and procedures, the manufacturing segment has the largest market share of 38% over the forecast period.By utilizing automated solutions, manufacturers may decrease production process times and mistake rates.These software or technologysolutions operate with minimal to no assistance from humans.As a result, the segment's growth is expected to accelerate during the projection period.

 

The healthcare segment is expected to acquire the fastest market share of over 21% over the forecast period owing to the counselling as well as service provided to address patients' health difficulties such as therapeutic, palliative, rehabilitating, and healing properties. Automation and controls save administrative costs, reduce distribution network inefficiencies, and enhance consumer satisfaction, all of which contribute to better patient care and treatment.

 

Regional Segment Analysis of the Industrial Automation 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)

 

North America is dominating the market with the largest market share of 34%.

 

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North America, with a 34% market share, is expected to remain the industry's leading region during the projection period owing to the response to a drastic increase in competition and expanding end-user prerequisites, the region's manufacturing facilities are rushing to adopt the most recent technological advancements and digital transformation capabilities in order to improve the efficiency and effectiveness of their business processes.A wide range of area enterprises, among which are the automotive, healthcare, manufacturing, and other industries, are implementing industrial automation. Major firms are also offering industrial automation products to the market.

 

Asia Pacific is expected to grow the fastest during the forecast period because of the leading manufacturers and solution providers of industrial robotics, sensors, and machine vision systems in developing countries such as China, Japan, India, and South Korea. Furthermore, the rising popularity of superior industrial plant management systems in India and China is propelling market expansion in the region. It is a widespread practice to replace traditional manufacturing units with smart manufacturing facilities. This contributes to the increased adoption of industrial automation, which stimulates market expansion within the industry. Furthermore, the existence of robotics and factory automation products and manufacturing firms in Japan, such as Omron Corp., Yaskawa Electric, Yokogawa Electric, Mitsubishi Electric, and Nidec Corp., helps the region's industrial automation demand.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Global Industrial Automation 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 Key Market Players

• Nissan Motor Corporation
• Rockwell Automation
• Hitachi Ltd.
• Sensirion AG
• Dassault Systems SE
• Fanuc
• Schneider Electric
• KUKA AG
• Siemens AG
• WIKA USA,
• Sure Controls Inc.
• ABB Group
• Endress+Hauser AG
• Danaher Corporation
• Kawasaki Heavy Industries, Ltd.
• OMRON Corporation
• Yaskawa Electric Corporation
• Mitsubishi Electric Corporation
• Fuji Electric Co., Ltd.
• Dwyer Instruments Ltd.
• PARKER HANNIFIN CORP
• Honeywell International
• Koyo Electronics Industries Co., Ltd.
• Emerson Electric
• Advantech Co., Ltd.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In January 2022, Hitachi, Ltd. and Hitachi Industrial Equipment Systems Co., Ltd. revealed that they have been employing industrial robots to accelerate the global development of the line construction business. Hitachi Automation, Ltd. will be formed on April 1, 2022, by reorganizing and integrating the activities and resources of group enterprises in order to strengthen the robotic SI industry in Japan and ASEAN nations.

 

• In May 2022, ABB has released a portfolio of cobots in the GoFa and SWIFTI cobot families. These cobots will have a bigger payload capacity and faster movement than the YuMi and Single Arm YuMi in ABB's cobot portfolio.Cobots provide great capacity and assist robots in movement.

 

• In December 2021,KUKA and ADMARES have collaborated to launch the ADMARES Smart Factory. This collaboration will result in the establishment of the world's first automated and robotized factory for mass-producing off-site prefabricated smart buildings. This innovative and unique concept will dive deeper into the market, substantially raising the level of automation in the construction industry and reducing construction timeframes by more than 70%.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the Global Industrial Automation Market based on the below-mentioned segments:

 

Global Industrial Automation Market, By Type

• Hardware
• Software
• Services

 

Global Industrial Automation Market, By Solution

• Distributed Control System (DCS)
• Supervisory Control & Data Acquisition (SCADA)
• Human Machine Interface (HMI)
• Robotic Process Automation (RPA)
• Artificial Neural Network (ANN)
• Others
•  

Global Industrial Automation Market, By Industry Verticals

• Chemicals
• Aerospace &Defense
• Automotive
• Healthcare & Medical Devices
• Energy & Utilities
• Manufacturing
• Oil & Gas
• Mining
• Electronics & Semiconductors
• Transportation
• Other Industries

 

Global Industrial Automation Market, By 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 the Middle East & Africa