Global Manufacturing Automation Market Size, Share, and COVID-19 Impact Analysis, By Technology (PLC and Robotics), By Component (Hardware, Software, and Services), By End-use (Discrete Manufacturing and Process Manufacturing), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Manufacturing Automation Market Insights Forecasts to 2033

• The Global Manufacturing Automation Market Size Was Estimated at USD 13.26 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 10.80% from 2023 to 2033
• The Worldwide Manufacturing Automation Market Size is Expected to Reach USD 36.98 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the Forecast period.

The Global manufacturing automation Market size Was Worth around USD 13.26 Billion in 2023 and is Predicted to Grow to around USD 36.98 Billion By 2033 With a Compound Annual Growth Rate (CAGR) of 10.80% between 2023 and 2033. The Market is Expanding as a result of the incorporation of cutting-edge technologies into manufacturing processes, which are marked by the growing need for networked systems that enable real-time data analysis and decision-making a crucial component of production process optimization.

Market Overview

The industry that focuses on automating manufacturing processes across various industries utilizing cutting-edge technologies like robotics, artificial intelligence (AI), the Internet of Things (IoT), and machine learning is known as the global manufacturing automation market. This automation lowers operating costs, boosts manufacturing speed, decreases human error, and increases efficiency. Furthermore, the implementation of factory automation is being aggressively promoted by governments worldwide through a number of programs. India's manufacturing capabilities are being improved through initiatives like Make in India and Digital India, while automation in 14 important sectors is being supported by the Production Linked Incentive (PLI) Scheme. The US offers financial support and tax breaks for research into advanced manufacturing technologies, such as AI and robotics, to increase automation. The Horizon Europe program of the European Union also provides funding for advanced industrial technology innovation. With its "Made in China 2025" campaign, China prioritizes improving manufacturing skills with an emphasis on automation and smart manufacturing. In the manufacturing industry, these programs seek to increase global competitiveness, reduce costs, and boost productivity.

Report Coverage

This research report categorizes the manufacturing automation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the manufacturing automation market. Recent market developments and competitive strategies such as expansion, type launch, 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-segment of the manufacturing automation market.  

Driving Factors

The market is expanding more quickly due to the growing use of sustainable manufacturing techniques. Businesses are implementing automation to optimize resource utilization, decrease waste, and lower energy use, supporting worldwide initiatives for greener production. Automation technologies facilitate resource efficiency and energy consumption monitoring, helping the transition to greener production practices and spurring expansion in markets with stringent regulations.

Restraining Factors

Effective operation, maintenance, and programming of automation systems such as robotics, AI-driven solutions, and sophisticated data analytics platforms require specific knowledge.  The need for highly skilled personnel with technical expertise and real-world experience is growing quickly as these technologies advance.

Market Segmentation

The manufacturing automation market share is classified into technology, component, and end-use.

• The PLC segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the technology, the manufacturing automation market is divided into PLC and robotics. Among these, the PLC segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed because of its extensive use in a variety of industries, such as pharmaceuticals, food processing, and the automotive sector. They are a crucial part of contemporary manufacturing systems because of their resilience to challenging industrial conditions and programming flexibility. The market is anticipated to expand rapidly over the next several years as manufacturers modernize their facilities with cutting-edge automation technologies.

• The hardware segment accounted for the majority share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the components, the manufacturing automation market is divided into hardware, software, and services. Among these, the hardware segment accounted for the majority share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. Hardware solutions are in high demand because of continuous expenditures in modernizing the infrastructure with cutting-edge technology that facilitates intricate automation activities. The sector is anticipated to provide a substantial contribution to market expansion as manufacturers work to improve operational efficiency through integrated hardware-software ecosystems.

• The discrete manufacturing segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end-use, the manufacturing automation market is divided into discrete manufacturing and process manufacturing. Among these, the discrete manufacturing segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This expansion can be ascribed to its dependence on cutting-edge technology that boosts effectiveness and output.  By incorporating automation technologies into discrete manufacturing, production processes can be precisely controlled, which lowers waste and improves quality.

Regional Segment Analysis of the Global Manufacturing 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 anticipated to hold the largest share of the manufacturing automation market over the predicted timeframe.

North America is anticipated to hold the largest share of the manufacturing automation market over the predicted timeframe. Motivated by the growing need for productivity gains and operational efficiency across a range of businesses.  Manufacturers are able to streamline their operations and cut labor expenses by implementing cutting-edge technology like robotics, artificial intelligence (AI), and the Internet of Things (IoT). Additionally, expenditures in automation systems have increased due to Industry 4.0 ambitions and the drive towards smart factories.  

Asia Pacific is expected to grow at a rapid CAGR in the manufacturing automation market during the forecast period. The region's nations are leading the way in using cutting-edge industrial technologies like smart sensors and AI-driven robotics. Digitalization of manufacturing processes is a trend driven by government programs to boost innovation and competitiveness.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the manufacturing automation market along with a comparative evaluation primarily based on their type of 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 type 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 Companies

• Reko Automation Inc.
• Rockwell Automation Inc.
• Schneider Electric
• Teradyne, Inc.
• ABB Ltd.
• FANUC CORPORATION
• Honeywell International, Inc.
• Mitsubishi Electric Corporation
• Motoman (Yaskawa America, Inc.)
• Omron Corporation
• Others

Key Target Audience

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

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the manufacturing automation market based on the below-mentioned segments: 

Global Manufacturing Automation Market, By Technology  

• PLC
• Robotics

Global Manufacturing Automation Market, By Component

• Hardware
• Software
• Services

Global Manufacturing Automation Market, By End-use

• Discrete Manufacturing
• Process Manufacturing

Global Manufacturing 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