growing use of enabling technologies in the manufacturing sector are projected to fuel the growth of the global Industry control and factory automation market at a CAGR of 9.82% during the forecast period 2023 to 2030

The Industry control and factory automation market is estimated to register a CAGR of 9.82% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Industry control and factory automation market— Yokogawa Electric Corporation (Japan), Omron Corporation (Japan),Endress+Hauser (Switzerland), Fanuc Corporation (Japan), WIKA (Germany), Mitsubishi Electric Corporation (Japan), Eaton Corporation (Ireland), Danfoss (Denmark), Rockwell Automation (United States), Yaskawa Electric Corporation (Japan), Toshiba Corporation (Japan), Honeywell International Inc.  (United States), Dwyer Instruments (United States), Stratasys (United States), Hitachi (Japan), HP (HewlettPackard) (United States), 3D Systems (United States), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (GE) (United States) and Emerson Electric Co.  (United States).

Market Highlights

The global Industry control and factory automation market is accounted for to register a CAGR of 9.82% during the forecast period and is estimated to reach USD 419,070.0 Million by 2030.

The global industry controls and factory automation market is expected to be driven by the rising adoption of industrial robots in the manufacturing sector, increasing adoption of industrial automation in different industries, and the growing use of enabling technologies in the manufacturing sector. On the other hand, the new product launches and R&D among major key players are expected to create lucrative growth opportunities for players operating in the global market.

Industrial robots are being used in the manufacturing sector to take on repetitive tasks, streamlining the assembly workflow. These robots are utilized as a part of assembling and manufacturing operations for applications such as material handling, operations processing, and assembly and security. These robots assure the guarantee of speed, effectiveness, and efficiency. In some factories across the globe, robots can be seen collaborating with the human workforce. Over the past 30 years, robot production has increased, and the average robot price has fallen by half. Industrial robots have long been used in various industries, such as automotive, electronics, and healthcare. Technologies such as artificial intelligence are becoming increasingly prevalent in these automation systems. With artificial intelligence, computer systems can use huge amounts of data to imitate human intelligence and reasoning, allowing the automation systems in manufacturing to learn, predict, and recommend what to do next. It provides solutions that keep operations efficient, safe, and accurate. This increased adoption of industrial robots in the manufacturing sector can position a company's business to stay competitive through years of growth. This rising adoption of industrial robots in the manufacturing sector is fueling the global industrial control and factory automation markets.

Industrial automation has been used increasingly in different industries such as automotive, chemicals, and energy utilities. Control systems are integral to many major industries, including electric power, oil & gas, water & wastewater, manufacturing, agriculture, transportation, and chemical factories. Supervisory control and data acquisition (SCADA), distributed control systems (DCS), programmable logic controllers (PLC), remote terminal units (RTU), intelligent electronic devices (IEDs), and other fields devices are among the control systems included in this system. New technologies are being used in a variety of industries to improve efficiency and convenience for both businesses and consumers.

There is increasing adoption of automation technologies in the pharmaceutical industry to help improve business and manufacturing efficiency and reduce risk by enabling remote access to equipment, proactive maintenance, and reducing and preventing human errors. Pharmaceutical businesses are increasingly collaborating with third-party solution providers to include robots in specialized processes such as medication discovery, production, and anti-counterfeiting. Automated and intelligent robots are also being used in the food & beverage industry to improve supply and demand management. These automation systems are being deployed to track products and goods from inception to fulfillment. Many robots in manufacturing collaborate with workers to do repetitive, tedious, or sophisticated activities under the worker's supervision and control, similar to these industries. Cameras, sensors, and automatic shut-off capabilities enable robots to sense and stay clear of humans in the workplace. This increased adoption of industrial automation is driving the global industry controls and factory automation market.

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Segment Analysis

The global Industry control and factory automation market has been segmented based on Component, Solution, Industry, and Region.

Based on component, the global industry control and factory automation market is segmented into Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface (HMI), Industrial PC, Sensors, and Industrial 3D Printing. Among them, Industrial Robots segment dominated the global Industry control and factory automation market with a value of USD 47,073.87 million in 2022; with an expected CAGR of 9.01 % during the forecast period. An industrial robot is defined as a mechanical machine programmed to spontaneously execute manufacturing related tasks in manufacturing companies. Industrial robots are believed to be a kind of flexible automation since they are reprogrammable and can be utilized for various types of robotic functions. Robots are expanding into the desired computerization alternative for manufacturers as they are extremely useful for improving efficiency, producing high-quality manufactured goods, and decreasing costs.

Based on solution, the global industry control and factory automation market is segmented into Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM), Functional Safety, Product Lifecycle Management (PLM), and Manufacturing Execution System (MES). The Product Lifecycle Management (PLM) segment dominated the global Industry control and factory automation market with a value of USD 58,417.88 million in 2022; with an expected CAGR of 10.24 % during the forecast period. PLM (product lifecycle management) is the process of managing a product's lifecycle from conception to sales, servicing, and retirement. PLM software, as a technology, aids firms in developing new products and bringing them to the market. The platform makes it simple to track and share data along the product value chain from initial design to production, supply chain management and operations, and asset maintenance. PLM is crucial in assisting firms in developing the next generation of products at a cheaper cost and faster time to market. While PLM can be viewed as a business strategy, three fundamentals impact how teams’ function and organizations' ability to grow and thrive.

Based on industry, the global industry control and factory automation market is segmented into Process Industry and Discrete Industry. Among them, the Discrete Industry segment dominated the global Industry control and factory automation market with a value of USD 112,550.66 million in 2022; with expected CAGR of 10.30 % during the forecast period. The discrete industry refers to the production of finished goods that are easily counted, touched, or seen. Parts and systems such as nuts and bolts, brackets, cables, assemblies, and individual products are used in discrete manufacturing. Automobiles, furniture, airplanes, toys, smartphones, and military systems are examples of discrete manufacturing items. A discrete product can theoretically be broken down at the end of its lifecycle to recycle its fundamental components.

Regional Analysis

Region-wise global Industry control and factory automation market has been divided into North America, Europe, Asia-Pacific, Rest of the World. Asia Pacific held the largest market share of 36.88% in 2022. As the construction sector, which is the key end user of industrial control & factory automation, is increasing at a healthy rate, APAC has been a major contributor to the growth of the industrial control & factory automation market. The expanding population in this region's emerging countries, combined with environmental concerns, encourages the use of industrial automation and factory automation components and systems such as distributed control system (DCS), supervisory control and data acquisition system (SCADA), 'industrial sensors, and industrial robots. The region's adoption of industrial control and factory automation is being aided by the surge in green building uptake and government measures to regulate energy-efficient practices across the commercial sector. However, the regional market is likely to shrink as a result of the COVID-19 epidemic, which has halted both ongoing and new infrastructure construction projects. However, with a steady recovery of the broader economy, this loss is likely to be restored in future years. China is expected to hold a major share in Asia-Pacific. China has pioneered the industrial robot market, paving the way for factory automation in the region and establishing itself as one of the world's major manufacturing nations. Factory automation at scale is made possible by a rise in the introduction of industrial robots into the country and the use of various industrial control system software across the country. Furthermore, to remain competitive, many manufacturing organizations are strategizing their manufacturing processes by implementing automation across their production facilities.

North America will witness significant growth in the coming years due to ' 'manufacturer's advanced production capabilities and efficient trading practices. The US, Mexico, and Canada make up North America. This region's prosperity stems from its strongly integrated markets. In terms of revenue, the market is seeing steady expansion. The United States dominates the economy of the North American region due to its highly diverse industrial market. In terms of expansion and innovation, industries in this region have more flexibility. However, some industries in North America have reached saturation, necessitating the development of new methods to overcome market inadequacies.

Key Findings of the Study

• The global Industry control and factory automation market is expected to reach USD 419,070.0 Million by 2030, at a CAGR of 9.82% during the forecast period.


• Asia-Pacific held the largest market share of 36.88 % in 2022.


• Based on Component, the Industrial Robots segment was attributed to holding the largest market in 2022, with an approximate market share of 23.77%.


• Based on Solution, the Product Lifecycle Management (PLM) segment was attributed to holding the largest market in 2022, with an approximate market share of 29.50%.


• Based on Industry, the Discrete Industry segment was attributed to holding the largest market in 2022, with an approximate market share of 56.84%.


• Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), Endress+Hauser (Switzerland), Fanuc Corporation (Japan), WIKA (Germany), Mitsubishi Electric Corporation (Japan), Eaton Corporation (Ireland), Danfoss (Denmark), Rockwell Automation (United States), Yaskawa Electric Corporation (Japan), Toshiba Corporation (Japan), Honeywell International Inc. (United States), Dwyer Instruments (United States), Stratasys (United States), Hitachi (Japan), HP (HewlettPackard) (United States), 3D Systems (United States), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (GE) (United States) and Emerson Electric Co.  (United States).