Global Market for Industrial Automation is Anticipated to grow at a Significant Pace i.e., USD 310.1 Billion during the Forecast Period 2021-2027

Published Date: Nov, 2021

The global industrial automation market is expected to witness a CAGR of 9.3% during the forecast period. Industries are moving towards industrial automation of manufacturing and related processes owing to its agility, responsiveness, reliability, avoiding risks, and efficiency. The growing prominence of plant instrumentation and enterprise-level control components to automate hardware and software in various industries will propel the growth of the industrial automation market. Moreover, the rising need for monitoring, controlling, and analyzing machine operation and forecasting downtime & faults propels the demand for sensors. The advancement of automation solutions with integrated sensors will enhance the efficiency of manufacturing plants and reduce their operational cost, resulting in the growth of the industrial automation market. Furthermore, favorable government policies, rising demand for the smarter system, innovation in IT, growing middle-class population, rising disposable income will drive the growth of the industrial automation market. Nevertheless, the advent of 5G wireless technology, mounting adoption of Industry 4.0, expansion of AR, Digital Twin, IoT will create opportunities for growth in the global industrial automation market.  

ABB and ETH Zurich have expanded their partnership in robotics research as part of ETH’s RobotX initiative. The RobotX initiative is intended to position ETH as a leader in robotics research institutions. The effort will be supported by ABB’s Robotics and Discrete Automation business.

The industrial sector has had an adverse impact due to the COVID-19 outbreak owing to less consumption of high-cost products and consumers being inclined to spend on essential goods & services. This has led to a decrease in sales of industrial automation products. However, countries like the US, China, India, etc., are spending huge amounts on industrial automation. China’s automation spending has increased to 30% of worldwide automation spending.

Browse 53 market data Tables and 35 Figures spread through 300 Pages and in-depth TOC on " Industrial Automation Market by Component (Enterprise-Level Controls (Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), and Manufacturing Execution Systems (MES)), Plant Instrumentation (Motors & Drives, Robots (Articulated Robots, Cartesian Robots, Selective Compliance Assembly Robot Arms (SCARA), Collaborative Robots, and Others), Sensors, Machine Vision Systems (Cameras and Optics and LED Lighting), Relays & Switches, and Others), and Plant-Level Controls(Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Others)), by Automation (Semi-Automatic Systems and Fully-Automatic Systems), by End User (Oil & Gas, Chemicals & Materials, Paper & Pulp, Pharmaceuticals & Biotech, Mining & Metals, Food & Beverages, Power, Consumer Goods, Automotive, Machines & Tools, Semiconductor & Electronics, Aerospace & Defense, and Others), and Region - Global Forecast to 2027"

By end-user, the automotive sector is projected to witness fastest growth during the forecast period in industrial automation market.

Based on end-user, the industrial automation market is divided into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverages, power, consumer goods, automotive, machines & tools, semiconductor & electronics, aerospace & defense, and others. The automotive sector is anticipated to have the fastest growth in the industrial automation market during the forecast period 2021-2027 owing to the adoption of industrial IoT networks in physical devices, embedded electronics, software, sensors, actuators, and connectivity gadgets that are required in vehicle manufacturing. The rising demand for autonomous vehicles, rising pressure to minimize the carbon footprint by adopting electric vehicles, efficient production systems will force the automakers to develop new manufacturing processes resulting in the growth of the industrial automation market.

Global Industrial Automation Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Enterprise-Level Controls (Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), and Manufacturing Execution Systems (MES)), Plant Instrumentation (Motors & Drives, Robots (Articulated Robots, Cartesian Robots, Selective Compliance Assembly Robot Arms (SCARA), Collaborative Robots, and Others), Sensors, Machine Vision Systems (Cameras and Optics and LED Lighting), Relays & Switches, and Others), and Plant-Level Controls(Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Others)

Enterprise-Level Controls (Largest)

Automation

Semi-Automatic Systems and Fully-Automatic Systems

Fully-Automatic Systems (High CAGR)

End-User

Oil & Gas, Chemicals & Materials, Paper & Pulp, Pharmaceuticals & Biotech, Mining & Metals, Food & Beverages, Power, Consumer Goods, Automotive, Machines & Tools, Semiconductor & Electronics, Aerospace & Defense, and Others

Automotive Sector (Fastest Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

North-America (Fastest)

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“North America to hold the fastest regional market share in 2020.”

North America is anticipated to grow at a faster pace in the industrial automation market owing to the huge demand for semiconductor products, massive technological development, rise in IoT R&D activities, and prosperous manufacturing sector.

Some of the major players in the global industrial automation market include ABB, Rockwell Automation, Inc., Siemens, Emerson Electric Co., Schneider Electric, GENERAL ELECTRIC, Honeywell International Inc., Yokogawa Electric Corporation, Mitsubishi Electric Corporation, and AMETEK, Inc.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Component, Automation, End-User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

ABB, Rockwell Automation, Inc., Siemens, Emerson Electric Co., Schneider Electric, GENERAL ELECTRIC, Honeywell International Inc., Yokogawa Electric Corporation, Mitsubishi Electric Corporation, and AMETEK, Inc.

Global Industrial Automation Market Coverage

Component Insight and Forecast 2015-2027

  • Enterprise-Level Controls
    • Product Lifecycle Management (PLM)
    • Enterprise Resource Planning (ERP)
    • Manufacturing Execution Systems (MES)
  • Plant Instrumentation
    • Motors & Drives
    • Robots
      • Articulated Robots
      • Cartesian Robots
      • Selective Compliance Assembly Robot Arms (SCARA)
      • Collaborative Robots
      • Others
    • Sensors, Machine Vision Systems
      • Cameras and Optics
      • LED Lighting
    • Relays & Switches
    • Others
  • Plant-Level Controls
    • Supervisory Control and Data Acquisition (SCADA)
    • Distributed Control Systems (DCS)
    • Programmable Logic Controllers (PLC)
    • Others

Automation Insight and Forecast 2015-2027

  • Semi-Automatic Systems
  • Fully-Automatic Systems

End-User Insight and Forecast 2015-2027

  • Oil & Gas
  • Chemicals & Materials
  • Paper & Pulp
  • Pharmaceuticals & Biotech
  • Mining & Metals
  • Food & Beverages
  • Power
  • Consumer Goods
  • Automotive
  • Machines & Tools
  • Semiconductor & Electronics
  • Aerospace & Defense
  • Others

Geographical Segmentation

Industrial Automation Market by Region

North America

  • By Component
  • By Automation
  • By End-User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Automation
  • By End-User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Automation
  • By End-User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Automation
  • By End-User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Industrial Automation is Anticipated to grow at a Significant Pace i.e., USD 310.1 Billion during the Forecast Period 2021-2027