North America Industrial Automation Market to Grow at a CAGR of 7.3% to reach US$ 59.15 billion from 2021 to 2028
The North America industrial automation market is expected to reach US$ 59.15 billion by 2028 from US$ 36.14 billion in 2021; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.
Automation in the food & beverage industry refers to strategic integrations of technologies across various production processes, such as inspection, packaging, and storage. Over the years, food & beverage companies have optimized different production processes by deploying automated systems, such as delta robots, automated guided vehicles, and robotic arms, to be in line with various food safety & quality standards rolled out by regulatory bodies and to reduce overall labor cost across production sites.
The packaging of food products and beverages requires high accuracy, and it is a repetitive process, which becomes challenging for humans. This factor boosts the adoption of robotic technologies for primary and secondary packaging and palletizing, among other processes. The consequent rise in investments in the automation food & beverage production plants is fueling the growth of the industrial automation market in North America.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America industrial automation market at a good CAGR during the forecast period.
North America Industrial Automation Market Revenue and Forecast to 2028 (US$ Billion)
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North America Industrial Automation Market Segmentation
The North America industrial automation market is segmented on the basis of component, system, and end user. Based on component, the market is segmented into hardware and software. Based on system, the North America industrial automation market is segmented into supervisory control and data acquisition, distributed control system, programmable logic control, and others. Based on end user, the market is segmented into oil & gas, automotive, food & beverages, chemicals & materials, aerospace & defense, and others. The North America industrial automation market, by country, is segmented into the US, Canada, and Mexico.
Major Companies in North America Industrial Automation Market
ABB Ltd; Hitachi, Ltd.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; Siemens; Yokogawa Electric Corporation; Koyo Electronic Industries Co., Ltd.; and Emerson Electric Co. are among the leading companies in the North America industrial automation market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. North America Industrial Automation Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Industrial Automation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Industrial Automation Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Uptake of Automation across Food & Beverage Industry
5.1.2 Increase in Machine Vision Systems Adoption for Industrial Automation
5.2 Key Market Restraints
5.2.1 Requirement of High Initial Investment
5.3 Key Market Opportunities
5.3.1 Integration of Robotics in the Construction Industry
5.4 Future Trends
5.4.1 Surging Demand for Automation in the E-commerce Industry
5.5 Impact Analysis of Drivers and Restraints
6. North America Industrial Automation Market – Key Market Dynamics
6.1 North America Industrial Automation Market Overview
6.2 North America Industrial Automation Market Forecast And Analysis
7. North America Industrial Automation Market Analysis – By Component
7.1 Overview
7.2 North America Industrial Automation Market, By Component (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.3.3 Motors and Drives
7.3.3.1 Overview
7.3.3.2 Motors and Drives: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.3.4 Robots
7.3.4.1 Overview
7.3.4.2 Robots: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.3.5 Sensor
7.3.5.1 Overview
7.3.5.2 Sensor: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.3.6 Machine Vision System
7.3.6.1 Overview
7.3.6.2 Machine Vision System: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.3.7 Others
7.3.7.1 Overview
7.3.7.2 Others: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Software
7.4.1 Overview
7.4.2 Software: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
8. North America Industrial Automation Market Analysis – By System
8.1 Overview
8.2 North America Industrial Automation Market, By System (2020 and 2028)
8.3 Supervisory Control and Data Acquisition
8.3.1 Overview
8.3.2 Supervisory Control and Data Acquisition: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 Distributed Control System
8.4.1 Overview
8.4.2 Distributed Control System: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
8.5 Programmable Logic Control
8.5.1 Overview
8.5.2 Programmable Logic Control: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9. North America Industrial Automation Market Analysis – By End User
9.1 Overview
9.2 North America Industrial Automation Market, By End User (2020 and 2028)
9.3 Oil & Gas
9.3.1 Overview
9.3.2 Oil & Gas: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.5 Food & Beverage
9.5.1 Overview
9.5.2 Food & Beverage: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.6 Chemical & Materials
9.6.1 Overview
9.6.2 Chemical & Materials: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.7 Aerospace & Defence
9.7.1 Overview
9.7.2 Aerospace & Defence: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.8 Others
9.8.1 Overview
9.8.2 Others: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10. North America Industrial Automation Market –Country Analysis
10.1 Overview
10.2 North America: North America Industrial Automation Market
10.2.1 North America: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.1.1 US: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.1.1.1 US: North America Industrial Automation Market, by Component
10.2.1.1.2 US: North America Industrial Automation Market, by Hardware
10.2.1.1.3 US: North America Industrial Automation Market, by System
10.2.1.1.4 US: North America Industrial Automation Market, by End User
10.2.1.2 Canada: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.1.2.1 Canada: North America Industrial Automation Market, by Component
10.2.1.2.2 Canada: North America Industrial Automation Market, by Hardware
10.2.1.2.3 Canada: North America Industrial Automation Market, by System
10.2.1.2.4 Canada: North America Industrial Automation Market, by End User
10.2.1.3 Mexico: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.1.3.1 Mexico: North America Industrial Automation Market, by Component
10.2.1.3.2 Mexico: North America Industrial Automation Market, by Hardware
10.2.1.3.3 Mexico: North America Industrial Automation Market, by System
10.2.1.3.4 Mexico: North America Industrial Automation Market, by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Hitachi, Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Mitsubishi Electric Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 OMRON Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Rockwell Automation, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Siemens
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Yokogawa Electric Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Koyo Electronic Industries Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Emerson Electric Co.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America: North America Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: North America Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 3. North America: North America Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 4. North America: North America Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 5. US: North America Industrial Automation Market, by Component –Revenue and Forecast to 2028 (US$ Billion)
Table 6. US: North America Industrial Automation Market, by Hardware –Revenue and Forecast to 2028 (US$ Billion)
Table 7. US: North America Industrial Automation Market, by System –Revenue and Forecast to 2028 (US$ Billion)
Table 8. US: North America Industrial Automation Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 9. Canada: North America Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Canada: North America Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Canada: North America Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Canada: North America Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Mexico: North America Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 14. Mexico: North America Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 15. Mexico: North America Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 16. Mexico: North America Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Industrial Automation Market Segmentation
Figure 2. North America Industrial Automation Market Overview
Figure 3. Hardware Held the Largest Share in North America Industrial Automation Market in 2020
Figure 4. North America Industrial Automation Market, by Country
Figure 5. North America – PEST Analysis
Figure 6. Expert Opinion
Figure 7. North America Industrial Automation Market Impact Analysis of Drivers and Restraints
Figure 8. North America Industrial Automation Market - Country Analysis
Figure 9. North America Industrial Automation Market Forecast and Analysis, (US$ Bn)
Figure 10. North America Industrial Automation Market Revenue Share, by Component (2020 and 2028)
Figure 11. Hardware: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Motors and Drives: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 13. Robots: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 14. Sensor: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Machine Vision System: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Others: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Software: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. North America Industrial Automation Market Revenue Share, by System (2020 and 2028)
Figure 19. Supervisory Control and Data Acquisition: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Distributed Control System: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Programmable Logic Control: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Others: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 23. North America Industrial Automation Market Revenue Share, by End User (2020 and 2028)
Figure 24. Oil & Gas: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Automotive: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Food & Beverage: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Chemical & Materials: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Aerospace & Defense: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Others: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. North America Industrial Automation Market Revenue Share, by Region (2021 and 2028)
Figure 31. North America: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 32. US: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 33. Canada: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 34. Mexico: North America Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
- ABB Ltd
- Hitachi, Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Siemens
- Yokogawa Electric Corporation
- Koyo Electronic Industries Co., Ltd.
- Emerson Electric Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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