| Status : Published | Published On : Jun, 2024 | Report Code : VRSME9151 | Industry : Semiconductor & Electronics | Available Format :
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Page : 198 |
Global Industrial Control and Factory Automation Market - Analysis and Forecast (2025-2030)
Industry Insights By Type (Industrial Robots and Control Valves), By Control System (Distributed Control System (DCS), Programmable Logic Controller (PLC), Supervisory Control and Data Acquisition (SCADA)), By Vertical (Aerospace & Defense, Automotive, Food & Beverage, Healthcare, Chemical, Energy & Utilities, Manufacturing, Oil & Gas, Transportation, Mining & Metal and Others) and By Geography (North America, Asia-Pacific, Europe and Rest of the World)
Industry Overview
The Global Industrial Control and Factory Automation Market is anticipated to grow from USD 151.2 billion in 2023 to USD 245.6 billion in 2030 at a CAGR of 9.1% during the forecast period from 2025 to 2030.
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The industrial sector has been evolving rapidly with the continual introduction of sophisticated technologies such as artificial intelligence, robotics and more. The automation enables swift operations of material handling and manufacturing with the use of intelligent manufacturing infrastructure. To increase productivity and reduce labor costs, industries are deploying industrial automation and control systems. Furthermore, the manufacturing sector has been experiencing rapid adoption of new systems and augmented networking architectures, which is projected to provide significant opportunities for market growth.
Market Segmentation
Insight by Component Type
According to component, the global Industrial Control and Factory Automation Market is segregated into industrial robots and control valves. The industrial robots segment dominated the market and accounted for the largest revenue share over the forecast period from 2025 to 2030. The market growth is driven by the extensive use of industrial robots and state-of-the-art machinery to optimize operations that require speed, strength, and accuracy.
Insight by Control System
The global Industrial Control and Factory Automation Market is segregated based on control system, into Distributed Control System (DCS), Programmable Logic Controller (PLC), Supervisory Control and Data Acquisition (SCADA). The distributed control systems (DCS) segment dominated the market during the forecast period as a result of the fast pace of adoption of IIOT preference of industrialists to deploy automated control systems that is driving the market growth for DCS.
Insight by Vertical
The global Industrial Control and Factory Automation Market is segregated based on vertical into Aerospace & Defense, Automotive, Food & Beverage, Healthcare, Chemical, Energy & Utilities, Manufacturing, Oil & Gas, Transportation, Mining & Metal and others. The healthcare segment is expected to dominate the market and accounted for the largest revenue share during the forecast period due to the services and consultation offered in order to treat patients’ health issues such as palliative, rehabilitative and curative. Automation and control improve supply chain errors, operational costs and improved customer center that promises for better care and treatment of patients.
Global Industrial Control and Factory Automation Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 151.2 Billion |
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Revenue Forecast in 2030 |
U.S.D. 245.6 Billion |
|
Growth Rate |
9.1% |
|
Segments Covered in the Report |
By Component Type, By Control System, By Vertical |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Asia-Pacific, Europe and Rest of the World |
Industry Dynamics
Growth Drivers
The automation systems range from small independent units to numerous interlinked large-scale work cells spread across the factory floor. Every system is designed for a particular task that results in improved quality, improved operator safety, cost reduction and enhanced production. Organizations attain their targets efficiently through the technologies including cloud, mobility and analytics. Also, the penetration of Internet of Things (IoT) in factory automation is driving the growth for smart manufacturing to embrace and adopt the advantages of internet connectivity. Factory automation is determined by technology growth, increasing infrastructure and economic opportunities and rising demand for operational efficiency. By introducing a new phase of economic growth, automation is expected to enhance companies and countries. The automation sector is expected to witness a surge during the forecast period due to the growing awareness on the usage of cloud computing platforms and technological progressions in semiconductors and electronic devices. To promote the adoption across industries worldwide, it is expected to significantly impact a wide range of business models, businesses, shareholders and favorable government regulations.
Ongoing development in the manufacturing sector and the upsurge in investment is projected to propel the growth of the market in the coming years. Industries like heavy engineering, automotive and aerospace are increasingly digitalizing and transforming their manufacturing process. Incorporating IoT at manufacturing plants plays a vital role in connecting systems and devices with a network. Technologies that include AI, cloud computing, machine learning and others are aiding new automation developments, which are anticipated to propel the market growth during the forecast period.
Restraints
The main constraint for the growth of the Industrial Control and Factory Automation Market is the high initial cost. Cybersecurity attacks are growing as industrial control systems become more connected. This can be also a major limitation for businesses thinking about automating. Lack of skilled and qualified workforce hampers the growth of the market. Due to regulatory regulations, the adoption of industrial automation systems may become more complicated and expensive resulting into hampering of the market.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World
Geographically, the Global Industrial Control and Factory Automation Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region dominated the market and accounted for the largest revenue share during the forecast period. The presence of key market players and emerging companies in the region has attributed the strong growth. Also the growing demand for improved solutions to manage industrial plants in India and China is driving market growth in the region.
Competitive Insights
Kawasaki responds to power and automation requirements for industrial machines with precision, utilizing advanced control technology. Kawasaki is a total systems engineering company which applies hydraulic products to provide complete engineered solution on sea, land and air.Company produced world leading hydraulic components offering advanced control, reliability and durability to provide the power and automation required in today's industrial machines.
Emerson delivers control and software solutions to help provide a safer, secure, and more environmentally efficient manufacturing process.
Key Players Covered in the Report
Key players of Industrial Control and Factory Automation Market are ABB Ltd., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Emerson Electric Co., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Siemens AG, Yokogawa Electric Corporation, Schneider Electric.
Recent Development by Key Players
ABB Transforms Flow Measurement in the Field with Ethernet-APL Connectivity. The company has brought the benefits of ethernet communications to flow measurement with the integration of Ethernet-APL (Advanced Physical Layer) connectivity in its flowmeters for the first time. The Ethernet-APL technology opens new possibilities for digital collection and analysis of data in processes in the oil & gas, chemical and hydrogen industries. The innovative communication technology can help manufacturing companies improve operational efficiency.
Honeywell International Inc. has acquired Carrier Global Corporation's, Global Access Solutions business for $4.95 billion. The deal positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space. This transaction also strengthens Honeywell's alignment of its portfolio around three compelling megatrends.
The global Industrial Control and Factory Automation Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Component Type
- Industrial Robots
- Control Valves
- By Control System
- Distributed Control System (DCS)
- Programmable Logic Controller (PLC)
- Supervisory Control and Data Acquisition (SCADA)
- By Vertical
- Aerospace & Defense
- Automotive
- Food & Beverage
- Healthcare
- Chemical
- Energy & Utilities
- Manufacturing
- Oil & Gas
- Transportation
- Mining & Metal
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of the World
- Brazil
- Saudi Arabia
- South Africa
- U.A.E
- Other Countries
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Industrial Control and Factory Automation Market