Industrial Automation Market Research Report- Forecast 2030

Industrial Automation Market, By Type (Fixed Automation and Programmable Automation), By Technology (SCADA, PAC, PLC, DCS, HMI) and End-User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electronics, Automotive, Pharmaceuticals) - Forecast to 2030

ID: MRFR/SEM/1643-CR | February 2020 | Region: Global | 122 pages

Industrial Automation Market

Global Industrial Automation Market is estimated at USD 298.71 Billion out of 2030 and is projected to increase at 8.4% CAGR during the conjecture time frame (2020 to 2030).

Segmentation

By Type Fixed Automation Programmable Automation
By Technology SCADA PAC PLC DCS HMI
By End-User Aerospace & Defense Automotive Electronics Machine Manufacturing Oil & Gas Pharmaceuticals
By Region Asia-Pacific Europe North America the Middle East and Africa the rest of the world

Key Players

  • Siemens AG (Germany)
  • ABB Ltd. (Switzerland)
  • Johnson Controls Inc. (Ireland)
  • General Electric Company (US)
  • Schneider Electric SE (France)
  • Honeywell International Inc. (US)
  • Mitsubishi Electric Corporation (Japan)
  • Yokogawa Electric (Japan)
  • Rockwell Automation Inc. (US)
  • Ametek Inc. (US)
  • Omron (Japan)
  • Samsung Electronics Co. Ltd. (South Korea)
  • Hitachi (Japan)
  • Danaher Corporation (US)
  • Fanuc Corporation (Japan).

Drivers

  • Favorable government policies in the manufacturing sector. Increased focus on economic diversification in emerging markets.
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Industrial Automation Market Overview


MRFR reports that the Global Industrial Automation Market is estimated at USD 298.71 Billion out of 2030. The market valuation is projected to increase at 8.4% CAGR during the conjecture time frame (2020 to 2030).


Industrial Automation engages risk moderation, versatility, agility, responsiveness, and quicker time to showcase. It increments limit usage, which drives capital interest in the most current robotization advancements. The new frameworks increment seriousness and empower the enrollment of a more intelligent, tech-situated labour force, empowering more mechanization. Businesses are progressively moving towards automation of assembling and related processes.


Different computerized processes are being sent in ventures like gadgets, auto, and synthetic compounds. Ideal government strategies that help to fabricate benefit the development of organizations, innovation suppliers, and the Industrial automation market. New automation advancements that empower higher wages offset are considered key Industrial robotization market patterns.


COVID-19 Analysis


Recent coronavirus pandemic has impacted industries across the globe. COVID-19 has not only accelerated deglobalization in manufacturing but has also affected logistics severely. Companies have problems ranging from obtaining raw materials and delivering end products to attracting workers from quarantines. This scenario has, in turn, promoting automation as the only alternative. 


Pandemic-related logistics problems prompted the companies to consider localizing more manufacturing for both themselves and their customers. New automation technologies that offset higher wages are driving deglobalization by increasing efficiency. Resultantly, industries across the globe are fostering their investments in automation. Developed countries like the US and Germany are adopting automation to improve trades. 


Due to its higher wages and workforce shortages, the US is investing much more in industrial automation than any country. The country is also lowering the dollar value compared to other global currencies so that US manufacturing capacity utilization exceeds 80 %. This would also incentivize more US manufacturers to invest in automation. 


However, the US is not the only country adopting automation. Other countries, especially China and India, are also investing heavily in industrial automation technologies. China's automation spending is expected to shoot up exponentially, accounting for 30 % of worldwide automation spending. Implementation of automation technologies will transform manufacturing competitiveness and accelerate market growth.


Industrial Automation Market Drivers


Robust growth in manufacturing sectors worldwide drives the industrial automation market size.


Manufacturing industries are likely to continue to transform in the years to come, witnessing a shift from manual assistance to automation, thereby driving the market demand. Most of the modern manufacturing processes are automated already to reduce or zero human intervention. Automation technologies are defined as the need of the hour as conventional manufacturing mechanisms are inadequate to meet current requirements. 


Moreover, favorable government policies in the manufacturing sector and increased focus on economic diversification in emerging markets are the two key growth propellers driving industrial automation. Additionally, the growing need for digital transformation across various verticals, such as manufacturing, healthcare, transportation, and retail, acts as a major tailwind for industrial automation market growth.



  • Restraints


Compatibility issues and high installation costs slow down the industrial automation market share. 


Compatibility issues and high installation costs are the major restraints for the market growth, slowing down automation processes uptake, especially in small-scale enterprises. 



  • Challenges


Lack of awareness and technical expertise are the major challenges the industrial automation market confronts. 


The lack of awareness for the advantages of automated processes and technical expertise, alongside the continuous innovation in manufacturing processes, pose challenges to the industrial automation market growth.



  • Cumulative Growth Analysis


Rising demand for innovative industrial automation and networking technologies to enhance communications, monitoring, and control in manufacturing companies to foster Industrial Automation Market growth. 


The demand for a line of industrial remote terminal units (RTUs) is growing continually. RTUs offer customized control, standard language support, powerful debugging/monitoring tools, project automation, and controller redundancy. RTUs are designed for applications that need increased processing and communication speed and storage, providing flexibility and reliability that customers require and expect. Resultantly, rugged, flexible RTU that can monitor and control various production processes in extreme environments is much in demand.


Industrial Automation Market Segment Overview


The industrial automation market is segmented on the basis of type, technology, end-user, and region.   By type, the market is sub-segmented into fixed automation and programmable automation. By technology, market dynamics are sub-segmented into supervisory control and data acquisition (SCADA), programmable automation controller (PAC), programmable logic controller (PLC), distributed control system (DCS), and human-machine interface (HMI), among others.


By end-user, the market is sub-segmented into machine manufacturing, oil & gas, aerospace & defense, electronics, automotive, pharmaceuticals, and others. 



  • SCADA and HMI technologies Witness Wide Application Areas


Automation systems use different embedded processors and algorithms to manage and control the process. SCADA and HMI technologies have a wide range of applications in several industries, including aerospace & defense, oil & gas, electrical & electronics, chemical, automotive & transportation, pharmaceuticals, food & beverages, mining & metals, and electric power generation, among others.



  • Automotive is the Largest End-User Segment


The Industrial IoT network of physical devices and more, embedded electronics, software, sensors, actuators, and connectivity gadgets are used in vehicle manufacturing.  These automation systems provide greater direct integration of the physical world into computer-based systems, resulting in increased efficiency, accuracy, and financial benefits. Besides, various developments in the field of IoT and development of new engineering technologies play a vital role in the growth of automotive manufacturing across the globe.


Increasing global demand for autonomous vehicles and efficient production systems pushes automakers to emphasize on developing new manufacturing processes, which are more efficient and maximize output. Also, increasing pressure to minimize carbon footprint by increasing uses of fuel-efficient automobiles and electric vehicles pushes the demand for automation in the automotive industries


Industrial Automation Market Regional Analysis



  • APAC is the largest Industrial Automation Market globally.


Asia Pacific region dominates the global industrial automation market. The market is growing with a positive YoY rate and is expected to do so. Factors positively impacting market growth include advancement in technology and integration with the current manufacturing environment. Also, the increasing application areas yearly and the strong presence of manufacturing companies and the developing economy of Asian countries play a major role in the development of the market.



  •  Technological Advances drive the industrial automation market in North America.


North America accounts for the second-largest share in the global industrial automation market. Market growth attributes to the high demand for semiconductor products and flourishing manufacturing sectors in the region. Huge technological advancement in North American countries is also an important factor supporting the growth of the regional market.


Europe also shows a positive growth rate towards the adoption of automation control systems. Besides, factors such as the growing automotive and power generation industries in the region fuel market growth.


Competitive Landscape


Global Industrial Automation Market appears highly competitive. Several well-established technology providers form a strong competitive landscape. These players try to maintain their market positions by investing in strategies, such as collaboration, mergers & acquisitions, partnership, product/ technology launch, and expansion. 


These strategies help the market players to gain a larger competitive advantage in the market and to meet their expansion plans. They focus on new technology development initiatives and geographical expansion. The market would witness relentless innovations and developments, which, as a result, would intensify the competition among these players.


Industrial Automation market Key Players



  • ABB Ltd. (Switzerland)

  • Siemens AG (Germany)

  • Emerson Electric Company (US)

  • Schneider Electric SE (France)

  • General Electric Company (US)

  • Honeywell International Inc. (US)

  • Yokogawa Electric (Japan)

  • Mitsubishi Electric Corporation (Japan)

  • Ametek Inc. (US)

  • Fanuc (Japan)

  • Rockwell Automation Inc. (US)


Industrial Automation Market Recent Developments


Late acquisition of Industrial automation firm PARI would assist Wipro Infra with acquiring the best position in the robotization business, expanding its market access and more extensive play in Industrial IoT.


December 2020:-December 10 2020, secretly held, Wipro Enterprise's Infrastructure Engineering Company in India reported obtaining Precision Automation and Robotics India (PARI). PARI is a leading supplier of turnkey arrangements in Industrial robotization and mechanical automation, for the most part, for the car business players. Likewise, it has been a trailblazer and has a critical presence in electric vehicle space, including battery gathering.


Throughout recent years, WIN has assembled tremendous abilities and organizations. With this procurement, Wipro Infrastructure Engineering (WIN) would use markets where the organization has a presence through its water power business for these new arrangements. The consolidated strength makes WIN an entire Industrial mechanization organization fit for serving clients universally and offers critical learning experiences. WIN has wandered into the Industrial robotization business with the vision to be among the leading players worldwide.


Industrial Automation Market Report Overview


MRFR employs advanced research methodologies to gain impeccable and highly accurate market assessments. Market size and segments are analyzed and substantiated using top-down and bottom-up perspectives. MRFR's expert data analysts implement scientific and systematic methods to evaluate all the variables impacting the market growth, including critical insights into trends, constraints, probabilities, and contingencies. 


In primary research methods, information is gathered through key decision-makers and industry insider interviews. The secondary research facilitates a detailed analysis based on the researches available on public platforms. MRFR experts use reliable sources such as annual reports, SEC filings, and white papers to consolidate unique intelligent inputs.


Reasons to buy the Global Industrial Automation Market Research Report


MRFR has tracked down the market since 2015 and has included the necessary historical data & analysis in the research report. MRFR's industrial automation report offers a complete assessment of the current and future automation industry outlook with detailed market insights and changing market scenarios. The research report offers several strategic business methodologies that help the readers to make informed business decisions.


Simultaneously, it provides information on the current market trends, challenges, and opportunities that would change the market dynamics in the foreseeable future. MRFR research analysts work collaboratively with industry experts to offer you a comprehensive analysis of the current market scenarios. The report includes the latest advancements in the market and future trends that would influence the growth of the industrial automation industry.


MRFR also allows customized industrial automation market analysis according to your needs. Meaning, MRFR can cover a particular product, application, or a company covering detailed analysis in the report.



Report Scope:
Report Attribute/Metric Details
  Market Size   298.71 Billion
  CAGR   8.4% CAGR
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Technology, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Market Opportunities   Various development in field of IoT and development of new engineering technologies.
  Key Market Drivers

  • Favorable government policies in the manufacturing sector.
  • Increased focus on economic diversification in emerging markets.


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    Frequently Asked Questions (FAQ) :

    Global industrial automation market is projected to grow at approximately 8.4% CAGR during the assessment period (2020-2030).

    Global industrial automation market valued at USD 298.71 billion in 2030.

    Automotive is the largest end-user segment in the global industrial automation market.

    The Asia Pacific region holds the largest share in the global industrial automation market, followed by North America and Europe, respectively.

    ABB Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Company (US), Schneider Electric SE (France), General Electric Company (US), Honeywell International, Inc. (US), Yokogawa Electric (Japan), Mitsubishi Electric Corporation (Japan), Ametek, Inc. (US), Fanuc (Japan), and Rockwell Automation, Inc. (US), are some of the top players operating in the global industrial automation market.

    Global Industrial Automation Market- Competitive Landscape


    Market Research Future includes following key players for Industrial Automation market research study: General Electric, Mitsubishi Electric Corporation, Emerson Electric Co., Siemens AG, Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., and Fanuc Corporation.


    The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the Market are General Electric, Mitsubishi Electric Corporation, Emerson Electric Co., Siemens AG, Schneider Electric SE among others.


    According to MRFR analysis, General Electric Company is currently leading the global industrial automation market with 18% market share. General Electric is a technology and financial services company which develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. The company’s industrial automation systems enable its customers to connect their machines for better, faster, safer and reliable performance. The company offers world class industrial software, distributed control systems and process safety systems to thousands of partners globally. The company plans to enhance its product portfolio and increase sales to its existing customers in energy, aviation, and oil-and-gas businesses and obtain new customers in various other sectors to maintain its current leading market position.


    Mitsubishi Electric Corporation has currently occupied the second position in the global industrial automation market with 8% market share. Mitsubishi Electric Corporation is a leading manufacturer and developer of electric and electronic equipment. The company provides its industrial automation solutions to improvise safety, reliability and profitability for remote oil and gas operations. The company offers innovative range of automation and processing technologies such as controllers, electrical discharge machines and industrial robots. Also, the company invests in research and development of industrial automation systems and enhances its corporate network by expanding its business into untapped areas to maintain its market position.


    Emerson Electric Co. has currently occupied the third position in the global industrial automation market with 7% market share. Emerson Electric Co. is a leading manufacturer of process control systems, valves, and analytical instruments. Emerson’s biggest advantage is its wide range of industrial automation solutions and skilled workforce with industry expertise. The company has a strong R&D department which constantly focuses on development of innovative automation solutions to offer world class automation to its global partners. The company has a strong customer base and is focused on developing its product portfolio to maintain its market position.


    Siemens AG has currently occupied the fourth position in the global industrial automation market. Siemens AG is headquartered in Germany and engages in the production and supply of systems for power generation, power transmission, and medical diagnosis. The company provides industrial automation product called SIMATIC WinCC V7 SCADA system which is one of the most scalable SCADA system offering efficient production analysis, and efficient operational control. The company is partnered with International Society of Automation (ISA) to develop secured industrial automation systems. Moreover, Siemens offers global customer support according to highest quality standards which helps the company to maintain its current market position.


    Schneider Electric has currently occupied fifth position in the global industrial automation market. Schneider Electric is a global provider of energy management and automation solutions. The company offers wide range of industrial automation products such as motion controllers, programmable relays and interface modules. The company has unique product portfolio in industrial automation and devotes 5% of its sales every year for R&D with over 7,500 R&D engineers worldwide. The company provides technology and integrated solutions for optimization of industrial processes in large oil and gas facilities. The company is investing in enhancing its skilled workforce to maintain its market position