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**
- On the basis of type, the global industrial automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), human-machine interface (HMI), manufacturing execution system (MES), and others. PLC segment is expected to hold a significant share in the market due to its widespread application in different industrial processes for controlling machinery and production lines efficiently. DCS segment is also anticipated to witness substantial growth owing to its ability to manage complex industrial processes effectively.
- Based on the component, the industrial automation market is categorized into hardware, software, and services. The hardware segment includes automation equipment such as sensors, actuators, drives, and others. The software segment comprises different automation software used for programming and controlling industrial processes. The services segment consists of various support and maintenance services provided for industrial automation systems.
- In terms of industry vertical, the market is segmented into automotive, electrical and electronics, oil and gas, chemical, pharmaceutical, food and beverages, aerospace and defense, and others. The automotive sector is projected to dominate the market due to the increasing adoption of automation technologies in manufacturing processes to enhance efficiency and productivity. The oil and gas industry is also expected to witness significant growth attributed to the rising demand for automation solutions to optimize operations and ensure safety.
**Market Players**
- Some of the key players in the global industrial automation market include Siemens AG, ABB Ltd., Rockwell Automation, Inc., Schneider Electric SE, Honeywell International Inc., Emerson Electric Co., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric, and Bosch Rexroth AG. These companies are actively involved in innovations, partnerships, and strategic collaborations to enhance their product offerings and expand their market presence. They are focusing on developing advanced automation solutions to cater to the evolving industrial requirements and stay competitive in the market.
For more detailed insights, visit: https://www.databridgemarketresearch.com/reports/global-industrial-automation-marketThe global industrial automation market is witnessing a significant transformation driven by technological advancements and the increasing adoption of automation solutions across various industries. One key trend shaping the market is the integration of advanced technologies such as artificial intelligence (AI), machine learning, and Internet of Things (IoT) in automation systems. These technologies are enabling more intelligent and connected manufacturing operations, leading to improved efficiency, reduced downtime, and enhanced decision-making capabilities. Moreover, the growing focus on Industry 4.0 initiatives is driving the demand for smart manufacturing solutions, which combine automation, data analytics, and connectivity to create agile and responsive production environments.
Another important factor influencing the industrial automation market is the emphasis on addressing sustainability and environmental concerns. Automation technologies are being leveraged to optimize energy consumption, reduce waste, and minimize the carbon footprint of industrial processes. This shift towards more sustainable practices is not only driven by regulatory requirements but also by the increasing awareness among companies about the importance of corporate social responsibility and long-term sustainability.
Furthermore, the market is witnessing a rise in demand for cloud-based automation solutions, as cloud computing offers scalability, flexibility, and cost-efficiency to industrial organizations. Cloud-based automation platforms enable real-time monitoring, predictive maintenance, and remote access to industrial systems, empowering companies to streamline operations and adapt to changing market dynamics quickly. Additionally, augmented reality (AR) and virtual reality (VR) technologies are being integrated into industrial automation systems to enhance training, maintenance, and troubleshooting processes, thereby improving overall operational efficiency and worker productivity.
The competitive landscape of the industrial automation market is characterized by intense competition among key players striving to differentiate their offerings through product innovation, strategic acquisitions, and partnerships. Companies are investing heavily in research and development activities to launch cutting-edge automation solutions tailored to specific industry requirements. Moreover, strategic collaborations with technology vendors, system integrators, and industry stakeholders are enabling market players to expand their geographical footprint and tap into new growth opportunities.
In conclusion, the global industrial automation market is poised for significant growth driven by the convergence of technology trends, industry digitization initiatives, and the increasing focus on sustainability. As companies continue to prioritize efficiency, productivity, and operational excellence, the adoption of automation solutions is expected to surge across diverse industry verticals, creating a dynamic and competitive market landscape. Powered by innovation and strategic partnerships, market players are well-positioned to capitalize on emerging opportunities and shape the future of industrial automation.**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
- Others
- Mode of Automation:
- Semi-Automation
- Fully-Automation
- Systems:
- PID
- Model Based Control
- 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
- Flexible or Soft Automation
- End User:
- Process Industries
- Discrete Industries
The industrial automation market is experiencing a rapid revolution driven by the deployment of advanced technologies like AI, machine learning, and IoT. The integration of these technologies is enabling more intelligent and interconnected manufacturing operations, leading to enhanced efficiency, reduced downtime, and improved decision-making capabilities. Additionally, the industry is witnessing a surge in the adoption of smart manufacturing solutions, fueled by Industry 4.0 initiatives that merge automation, data analytics, and connectivity to create agile and responsive production environments.
Sustainability and environmental concerns are becoming pivotal factors in shaping the industrial automation landscape. Companies are leveraging automation technologies to optimize energy consumption, minimize waste, and reduce the carbon footprint of industrial processes. This shift towards sustainable practices is not merely compliance-driven but is increasingly motivated by a broader recognition of corporate social responsibility and long-term sustainability goals.
Cloud-based automation solutions are gaining traction in the market due to their scalability, flexibility, and cost-efficiency benefits for industrial organizations. These platforms enable real-time monitoring, predictive maintenance, and remote access to industrial systems, empowering companies to streamline operations and swiftly adapt to evolving market dynamics. Furthermore, the integration of AR and VR technologies into industrial automation systems is enhancing training, maintenance, and troubleshooting processes, ultimately boosting operational efficiency and worker productivity.
The competitive landscape of the industrial automation market is characterized by intense rivalry among key players striving to differentiate their offerings through product innovation, strategic acquisitions, and partnerships. Investment in research and development is a key focus for companies to launch cutting-edge automation solutions tailored to specific industry needs. Collaborations with technology vendors, system integrators, and industry stakeholders further help market players expand their reach and capitalize on emerging growth prospects.
In conclusion, the global industrial automation market is poised for significant growth driven by technological convergence, digitization initiatives, and a heightened emphasis on sustainability. As companies prioritize efficiency, productivity, and operational excellence, the adoption of automation solutions is expected to soar across diverse industry verticals, fostering a dynamic and competitive market landscape. Backed by innovation and strategic partnerships, market players are well-positioned to seize emerging opportunities and shape the future of industrial automation.
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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