Industrial Automation Market Growth Report | 2022-2030
[Research Report] The industrial automation market size was valued at US$ 171.23 billion in 2022 and is expected to reach US$ 322.67 billion by 2030; it is estimated to record a CAGR of 8.2% from 2022 to 2030.
Industrial Automation Market Analyst Perspective:
The increasing penetration of advanced technology, such as Machine Learning (ML), the Internet of Things (IoT), and Artificial Intelligence (AI), has helped accelerate the growth of the industrial automation market. Furthermore, the rising product development and strategic initiatives from key industrial control systems companies is fueling the industrial automation market growth. In 2020, the two companies—Honeywell International Inc. and Tech Mahindra Limited—partnered with "Factories of the Future" to boost their digital transformation by empowering manufacturers. Also, Siemens collaborated with SAP SE to offer industry 4.0-enabled business processes to enterprises. Further, the growing update of the industrial automation Internet of Things (IIoT) and the upcoming engineering 5G technology are a few factors contributing to market growth during the forecast period. Moreover, the penetration of connected enterprises and the need for mass manufacturing of products due to the growing demand for real-time data analysis across the globe and the rising uptake of advanced technology across end-use industries to improve performance are promoting automation trend in manufacturing. In September 2020, the government of the UK announced its plans to invest ~US$ 180 million into the second stage of its scheme—Manufacturing Made Smarter—to promote interconnectivity and innovation in the manufacturing industry.
Industrial Automation Market Overview:
Industrial automation uses control systems, such as robots, computers, and information technologies, to handle various machinery in an industry to replace human intervention. Depending on the operations involved, industrial automation control systems are majorly classified into two types, namely process plant automation and manufacturing automation. Industrial automation offers high product quality, reliability, and production rate while reducing production and design costs by deploying new, innovative, and integrated technologies and services. They possess various features, such as high productivity, quality, flexibility, and information accuracy, which are likely to increase the uptake of automation in the industrial sector during the forecast period. Also, the surge in the uptake of automation solutions in the oil & gas, manufacturing, chemicals & materials, pharmaceuticals, and other industries, is driving the industrial automation market growth.
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Industrial Automation Market: Strategic Insights
Industrial Automation Market
-
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2022 - 2030)
8.2%
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Market Size 2022
US$ 171.23 Billion
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Market Size 2030
US$ 322.67 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Uptake of Automation across Food & Beverage Industry
- Increase in Machine Vision Systems Adoption for Industrial Automation
FUTURE TRENDS
- Surging Demand for Automation in the E-commerce Industry
OPPORTUNITIES
- Integration of Robotics in the Construction Industry
Key Players
- ABB Ltd
- Bosch Rexroth AG
- Emerson Electric Co
- Hitachi Ltd
- Honeywell International Inc
- Mitsubishi Electric Corp
- OMRON Corp
- Rockwell Automation Inc
- Schneider Electric SE
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Hardware and Software
System
- Supervisory Control and Data Acquisition
- Distributed Control System
- Programmable Logic Control
- Other
End User
- Oil & Gas
- Automotive
- Food & Beverages
- Chemical & Materials
- Aerospace & Defense
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Industrial Automation Market: Strategic Insights
-
CAGR (2022 - 2030)8.2% -
Market Size 2022
US$ 171.23 Billion -
Market Size 2030
US$ 322.67 Billion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Rising Uptake of Automation across Food & Beverage Industry
- Increase in Machine Vision Systems Adoption for Industrial Automation
- Surging Demand for Automation in the E-commerce Industry
- Integration of Robotics in the Construction Industry
Key Players
- ABB Ltd
- Bosch Rexroth AG
- Emerson Electric Co
- Hitachi Ltd
- Honeywell International Inc
- Mitsubishi Electric Corp
- OMRON Corp
- Rockwell Automation Inc
- Schneider Electric SE
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Hardware and Software
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Supervisory Control and Data Acquisition
- Distributed Control System
- Programmable Logic Control
- Other
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_primary.png)
- Oil & Gas
- Automotive
- Food & Beverages
- Chemical & Materials
- Aerospace & Defense
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Driver:
Rising Adoption of Automation in Food & Beverage Industry to Fuel Growth of Industrial Automation Market During Forecast Period
Automation in the food & beverages industry refers to strategic integrations of technologies across various production processes, such as inspection, packaging, and storage. Over the years, food & beverages companies have optimized different production processes through the uptake of automated systems, such as delta robots, automated guided vehicles, and robotic arms, to be in line with various food safety & quality standards laid down by regulatory bodies and reduce overall labor cost across production sites.
Consumer-packed food & beverages require high accuracy and repetitive packaging process, which becomes challenging for humans. This factor is influencing the uptake of robotic technologies for activities, such as primary and secondary packaging and palletizing. Vision-guided robots are experiencing a rise in demand across the sector due to their efficiency in completing repetitive tasks, such as bottle handling, bin picking, and tray loading. Numerous benefits, including enhanced traceability, improved efficiency, and high flexibility, have been driving the need for automation in the food & beverages industry over the years. These factors have encouraged food & beverage producers to invest heavily in automated technology integration across their production facilities. For instance, a US-based snack brand, Utz Brands Inc., announced its plans to integrate automated capabilities across its production plants to reduce its overall operational cost in 2021. Similarly, Hormel Foods is also planning to incorporate automation across its production facilities in 2022. Other food & beverages brands rapidly adopting automated technology include Tyson Foods and Cargill, Inc. Thus, the rise in investment in automation across the food & beverages industry is fueling the growth of the industrial automation market.
Report Segmentation and Scope:
The industrial automation market is segmented on the basis of component, system, end user, and geography. Based on component, the industrial automation market is bifurcated into hardware and software. Based on system, the industrial automation market is segmented into supervisory control and data acquisition, distributed control system, programmable logic control, and other. Based on end user, the industrial automation market is segmented into oil & gas, automotive, food & beverages, chemical & materials, aerospace & defense, and others. The industrial automation market, based on geography, is categorized into North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Segmental Analysis:
Based on component, the industrial automation market is bifurcated into:
- Hardware
- Software
The hardware segment held a larger industrial automation market share in 2022 and is anticipated to register a higher CAGR in the market during the forecast period. Hardware is an essential part of manufacturing and process production. Innovations by automation machinery manufacturing companies in hardware are a prerequisite for complementing and fulfilling any significant technological development in the industry. The different types of industrial hardware used for automation are motor & drives,
sensors, robots, machine vision systems, and others.
Regional Analysis:
The industrial automation market is broadly categorized into major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. Furthermore, Asia Pacific registered the largest industrial automation market share in 2022, followed by Europe and North America. The same region is expected to record the highest CAGR in the market from 2022 to 2030.
Several government initiatives and policies promoting the digitization of manufacturing plants are boosting the adoption of industrial control automation solutions in this region. For instance, under the initiative “Made in China 2025,” the Chinese government set a 5-year smart manufacturing development target to digitize 70% of the large enterprises in the country. Moreover, to automate manufacturing facilities, various countries across the globe are deploying industrial robots. For instance, per the International Federation of Robotics (IFR), in 2020, China installed 154,000 industrial robots. Similarly, South Korean robot installation increased by 2% to 31,083 units in 2021 compared to 2020.
Key Player Analysis:
The key industrial automation market players profiled in the report are ABB Ltd.; Bosch Rexroth AG; Emerson Electric Co.; Hitachi Ltd.; Honeywell International, Inc.; Mitsubishi Electric Corporation; Omron Corporation; Rockwell Automation, Inc.; Schneider Electric SE; and Siemens AG are the top industrial automation market players as they offer diversified product portfolios.
Industrial Automation Market Report Scope
Report Attribute
Details
Market size in 2022
US$ 171.23 Billion
Market Size by 2030
US$ 322.67 Billion
Global CAGR (2022 - 2030)
8.2%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Component - Hardware and Software
By System - Supervisory Control and Data Acquisition
- Distributed Control System
- Programmable Logic Control
- Other
By End User - Oil & Gas
- Automotive
- Food & Beverages
- Chemical & Materials
- Aerospace & Defense
- Others
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
ABB Ltd
Bosch Rexroth AG
Emerson Electric Co
Hitachi Ltd
Honeywell International Inc
Mitsubishi Electric Corp
OMRON Corp
Rockwell Automation Inc
Schneider Electric SE
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 171.23 Billion |
Market Size by 2030 | US$ 322.67 Billion |
Global CAGR (2022 - 2030) | 8.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Recent Developments:
Inorganic and organic strategies are highly adopted by the industrial automation market players. A few recent key market developments are listed below:
- In 2023, ABB India secured a significant contract for the electrification and automation of ArcelorMittal Nippon Steel India's advanced cold rolling mill in Hazira. ABB's technology aimed to enhance energy efficiency, zinc consumption optimization, and corrosion resistance, aligning with AM/NS India's sustainability goals. This collaboration showcased industrial automation's transformative potential.
- In 2023, Emerson Electric's acquisition of National Instruments for US$ 8.2 billion in April 2023 marked a strategic move to fortify its presence in industrial automation. The deal aligned with Emerson's pursuit of testing and measurement growth, tapping into National Instruments' software-driven automated systems to deliver enhanced profitability and industry diversification. This step reflected the surge in demand for advanced automation solutions.
- In 2023, Hitachi's strategic merger of Hitachi Automation and Kyoto Robotics aimed to enhance the company's robotic systems integration prowess in Japanese and Asean markets. This move facilitated comprehensive solutions for manufacturing and logistics automation, capitalizing on Hitachi's digital solutions and Kyoto Robotics' intelligent vision systems. This merger underlines the growing emphasis on advanced automation in industry.
- In 2023, Mitsubishi Electric's strategic investment in Clearpath Robotics marked a significant move in advancing industrial automation. The investment aims to enhance complete factory optimization through autonomous mobile robots (AMR), showcasing the commitment to open innovation and fostering growth of manufacturing automation.
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Component, System, and End User
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The US is expected to hold a major market share of industrial automation market in 2022.
Surging Demand for Automation in the E-commerce Industry can be a future driver for the industrial automation market.
The key players, holding majority shares, in industrial automation market includes ABB Ltd, Siemens AG, Schneider Electric SE, Emerson Electric Co and Rockwell Automation Inc.
Rising Uptake of Automation across Food & Beverage Industry is driving the market.
The Americas vibrating screen market was estimated to be US$ 171.23 billion in the year 2022 and is expected to grow at a CAGR of 8.2%, during the forecast period 2022 - 2030.
The global market size of industrial automation market by 2028 will be around US$ 322.67 billion
The industrial automation market is expected to register an incremental growth value of US$ 151.44 billion during the forecast period.
Hardware segment is expected to hold a major market share of industrial automation market in 2022.
The List of Companies - Industrial Automation Market
- ABB Ltd
- Bosch Rexroth AG
- Emerson Electric Co
- Hitachi Ltd
- Honeywell International Inc
- Mitsubishi Electric Corp
- OMRON Corp
- Rockwell Automation Inc
- Schneider Electric SE
- Siemens AG