The industrial automation control market size is projected to reach US$ 403.93 billion by 2031 from US$ 181.30 billion in 2023. The market is expected to register a CAGR of 10.5% in 2023–2031. The industrial sector has grown significantly due to the ongoing integration of modern technology, such as robots, artificial intelligence, and other innovative solutions.
Industrial Automation Control Market Analysis
The automation systems scale from small independent units to a network of interconnected large-scale work cells dispersed across the manufacturing floor. Every system is tailored to a specific activity, resulting in cost savings, higher quality, operator safety, and increased output. Analytics, cloud, and mobile technologies are helping firms achieve their goals more efficiently. Furthermore, the rise of the Internet of Things (IoT) in industrial automation is fueling the demand for smart manufacturing to embrace and implement the benefits of Internet connectivity.
Industrial Automation Control Market Overview
The industrial sector has been fast evolving due to the constant introduction of sophisticated technology such as robotics, artificial intelligence, and others. Furthermore, by utilizing intelligent industrial infrastructure, automation allows for faster manufacturing and material handling operations. Industries are installing industrial automation and control technologies in an effort to boost production and save labor expenses. Furthermore, with the introduction of Industry 4.0, the manufacturing sector has seen rapid adoption of new systems and improved networking architectures, which is expected to give considerable prospects for market expansion.
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Industrial Automation Control Market: Strategic Insights
Market Size Value in US$ 158.5 Billion in 2018 Market Size Value by US$ 324.6 Billion by 2027 Growth rate CAGR of 8.0% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Industrial Automation Control Market: Strategic Insights
| Market Size Value in | US$ 158.5 Billion in 2018 |
| Market Size Value by | US$ 324.6 Billion by 2027 |
| Growth rate | CAGR of 8.0% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Industrial Automation Control Market Drivers and Opportunities
Growing Adoption of Industry 4.0 to Favor Market
The increasing implementation of Industry 4.0 principles is a major driving force in the global industrial automation industry. Industry 4.0, also known as the fourth industrial revolution, focuses on the integration of digital technologies into traditional production processes to improve efficiency, productivity, and flexibility. One of the important components of Industry 4.0 is the widespread adoption of advanced automation technologies such as robotics, enhanced sensors, and cloud computing. These technologies enable seamless communication and collaboration across machines, systems, and humans, resulting in more efficient operations and better decision-making processes.
Increasing Government Initiatives to Promote Industrial Automation
Rising government measures to promote industrial automation are offering substantial prospects in the global industrial automation control industry. Governments around the world are rapidly realizing automation's potential to improve productivity, efficiency, and competitiveness in industrial sectors. As a result, they are developing a variety of rules and programs to encourage enterprises to use automation technologies. These initiatives frequently take the shape of tax breaks, subsidies, grants, and training programs to encourage businesses to invest in automation technologies.
Industrial Automation Control Market Report Segmentation Analysis
Key segments that contributed to the derivation of the industrial automation control market analysis are solutions and end-users.
- Based on solutions, the industrial automation control market is segmented into distributed control system (DCS), supervisory control and data acquisition (SCADA), programmable logic control system (PLC), human machine interface (HMI), product lifecycle management (PLM), others.
- By end-user, the market is segmented into process industry and discrete industry.
Industrial Automation Control Market Share Analysis by Geography
The geographic scope of the industrial automation control market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. This rapid expansion in the Asia Pacific is due to the presence of important industry players and growing enterprises in the region. Furthermore, the growing demand for better solutions to manage industrial plants in China and India is propelling market expansion in the area. The use of smart production facilities over traditional production facilities is a common trend, and it contributes to the broad acceptance of industrial automation, which is driving market expansion across the area.
Industrial Automation Control Market Report Scope
Industrial Automation Control Market News and Recent Developments
The industrial automation control market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In April 2023, OMRON released the NX-series NX502 automation controllers with advanced information control and safety control, simultaneously with the new NX-EIP201 EtherNet/IPTM units. This launch responds to the increase in efforts toward carbon neutrality at manufacturing sites that are starting to prioritize ESG (Environmental, Social, and Governance) management. Production lines for rapidly evolving high-tech products such as xEVs.
(Source: OMRON, Company Website, 2023)
- In March 2023, At MODEX 2024, FANUC America Corporation announced the PMi-A Plus PLC/CNC motion controller, which enables FANUC controls to be seamlessly integrated with general motion control equipment. This demonstration demonstrates the combination of FANUC's industrial automation and cobot product lines, providing a comprehensive automated warehousing solution for the supply chain industry.
(Source: FANUC America Corporation, Company Website, 2023)
Industrial Automation Control Market Report Coverage and Deliverables
The "Industrial Automation Control Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solutions ; and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The growing adoption of Industry 4.0 is the major factors that propel the global industrial automation control market.
The global industrial automation control market was estimated to be US$ 181.30 billion in 2023 and is expected to grow at a CAGR of 10.5% during the forecast period 2023 - 2031.
Integration of AI to play a significant role in the global industrial automation control market in the coming years.
The global industrial automation control market is expected to reach US$ 403.93 billion by 2031.
The key players holding the majority of shares in the global industrial automation control market are ABB Ltd., B&R Industrial Automation GmbH, Bosch Rexroth AG, Beckhoff Automation GmbH & Co KG, and 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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