The North America and Europe industrial automation market is expected to grow from US$ 85.05 billion in 2022 to US$ 127.11 billion by 2028; it is estimated to grow at a CAGR of 6.9% from 2022 to 2028.
The rising adoption of machine vision systems for industrial automation is one of the major factors driving the industrial automation market across North America and Europe. Machine vision users and systems integrators have exploited better imaging, optics, illumination, and software for nearly 40 years. Even though machine vision is nearly a mature technology, lower component, software, and engineering costs, as well as increased simplicity of use and application expansion continue to drive machine vision acceptance across industries.
In 2021, due to the COVID-19 pandemic, manufacturers accelerated the deployment of machine vision technology for industrial automation to keep operations running effectively and meet the increasing demand.
Additionally, logistics-related apps experienced a rise due to a surge in online purchase volumes. Imaging systems in retail distribution centers and automated warehouse storage and retrieval systems, as well as PPE-related items, such as face masks, face shields, protective garments, and respirators, were among the products that gained immense traction. Other factors influencing the uptake of machine vision systems for industrial automation include predictive maintenance, packaging inspection, automated barcode reading, product and component assembly, defect reduction, and 3D vision inspection.
The rise in investment by companies to develop new products through machine vision technology for industrial automation is further propelling the industrial automation market growth. For instance, in January 2022, the Khronos Group launched a new initiative with the European Machine Vision Alliance (EMVA) to produce an open, royalty-free API standard to regulate camera system runtimes in embedded, mobile, industrial, XR, automotive, and scientific industries. Thus, the rise in investments by companies is boosting the uptake of machine vision systems for industrial automation.
North America and Europe Industrial Automation Market: Key Players
ABB Ltd.; Schneider Electric SE; Siemens AG; Emerson Electric, Co.; and Rockwell Automation, Inc. are among the prominent players in the industrial automation market. The market is diversified with many players offering various products for implementing industrial automation catering to domestic and international demand. These companies have a diverse portfolio of industrial automation solutions offering industrial robots, sensors, machine vision systems and other components such as relays and switches. Major vendors for robotic systems are Yaskawa, ABB, Kuka, and Fanuc, while Teledyne, Siemens, Cognex, and Dalsa are among the key market players of machine vision systems. Sensor’s solutions are at the core of the industrial automation systems and the market is being catered by several prominent players in this space including Honeywell, Omron, Siemens, Sensata, Eaton, and Robert Bosch. Rockwell Automation, Siemens, Schneider, Eaton and ABB are the key vendors operating in the motors and drives segment.
North America and Europe Industrial Automation Market: by Component
Based on component, the North America and Europe industrial automation market is segmented into hardware and software. The hardware segment dominated the market with a larger industrial automation market share in 2021. Innovations in hardware are a prerequisite for complementing and fulfilling any significant technological development in the industry. The primary type of industrial hardware used for automation are motor & drives, sensors, robots, machine vision systems, and others. However, software segments is expected to account for a second largest industrial automation market share in the North America & Europe regions along with fastest growing CAGR during the forecast period.
Impact of COVID-19 Pandemic on North America and Europe Industrial Automation Market
Over the years, the industrial automation market has experienced a rise in adoption across all industries owing to rapid investments made by several governments to promote the adoption of automation. However, due to the sudden onset of the COVID-19 crisis, the manufacturing facilities of industrial automated solutions across the globe were adversely impacted, leading to low production volumes. Further, the demand for such solutions declined rapidly, owing to the temporary closure of end-use manufacturing and other retail outlets. The automotive sector recorded a 20% decline in manufacturing in 2020 owing to the spread of COVID-19. However, with the normalization of economic and manufacturing activities from Q3 of 2021, the adoption of automated solutions experienced a need to reduce human interactions across facilities, thereby enabling the market to revive from both the supply and demand sides in 2021.
North America and Europe Industrial Automation Market: Market Initiative
Market initiatives are strategies adopted by industrial automation market players to expand their footprint worldwide and meet the growing customer demand. The North America and Europe industrial automation market players are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings.
- In July 2022, ABB and SKF have announced that they are collaborating in the automation of manufacturing processes. Through this collaboration, the companies will identify and evaluate solutions to improve manufacturing capabilities.
- In June 2022, Siemens AG launched Siemens Xcelerator platform to accelerate digital transformation across different industrial facilities.
- In October 2020, Emerson Electric announced that it has completed the acquisition of Progea Group which is a provider of industrial internet of things (IIoT), plant analytics, human machine interface (HMI) and supervisory control and data acquisition (SCADA) technologies.
Thus, the abovementioned factors are expected to contribute to the North America and Europe industrial automation market growth.
North America and Europe Industrial Automation Market Revenue and Forecast to 2028 (US$ Million)
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The North America and Europe industrial automation market is segmented into component, system, and end user. Based on component, the North America and Europe industrial automation market is categorized into hardware and software. By system, the North America and Europe industrial automation market is segmented into supervisory control and data acquisition, distributed control system, programmable logic control, and others. In terms of end user, the North America and Europe industrial automation market is segmented into oil & gas, automotive, food & beverage, chemical & materials, aerospace & defense, and others.
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.
Frequently Asked Questions
The North America and Europe industrial automation market is expected to be valued at US$ 85.05 billion in 2022
The driving factors impacting the North America and Europe industrial automation market are:
1. Rising Uptake of Automation Across Food & Beverage Industry
2. Increase in Machine Vision Systems Adoption for Industrial Automation
The future trend expected to positively impact the North America and Europe industrial automation market is surging demand for automation in the E-commerce industry
The key players holding the major market share of the North America and Europe industrial automation market are ABB Ltd.; Schneider Electric SE; Siemens AG; Emerson Electric, Co.; and Rockwell Automation, Inc.
The hardware segment led the North America and Europe industrial automation market in 2022.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. North America and Europe Industrial Automation Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America and Europe Industrial Automation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America and Europe 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 and Europe Industrial Automation Market – Key Market Dynamics
6.1 North America and Europe Industrial Automation Market Overview
6.2 North America and Europe Industrial Automation Market Forecast and Analysis
6.3 Market Positioning of Key Players
7. North America and Europe Industrial Automation Market Analysis – By Component
7.1 Overview
7.2 North America and Europe Industrial Automation Market, By Component (2021 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: North America and Europe 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 and Europe 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 and Europe 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 and Europe 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 and Europe 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 and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Software
7.4.1 Overview
7.4.2 Software: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
8. North America and Europe Industrial Automation Market Analysis – By System
8.1 Overview
8.2 North America and Europe Industrial Automation Market, By System (2021 and 2028)
8.3 Supervisory Control and Data Acquisition
8.3.1 Overview
8.3.2 Supervisory Control and Data Acquisition: North America and Europe 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 and Europe 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 and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9. North America and Europe Industrial Automation Market Analysis – By End User
9.1 Overview
9.2 North America and Europe Industrial Automation Market, By End User (2021 and 2028)
9.3 Oil & Gas
9.3.1 Overview
9.3.2 Oil & Gas: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: North America and Europe 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 and Europe 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 and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.7 Aerospace & Defense
9.7.1 Overview
9.7.2 Aerospace & Defense: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
9.8 Others
9.8.1 Overview
9.8.2 Others: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10. North America and Europe Industrial Automation Market – Geographic Analysis
10.1 Overview
10.2 North America: Industrial Automation Market
10.2.1 North America: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.2 North America: Industrial Automation Market, by Component
10.2.3 North America: Industrial Automation Market, by System
10.2.4 North America: Industrial Automation Market, by End User
10.2.5 North America: Industrial Automation Market, by Key Country
10.2.5.1 US: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.5.1.1 US: Industrial Automation Market, by Component
10.2.5.1.2 US: Industrial Automation Market, by Hardware
10.2.5.1.3 US: Industrial Automation Market, by System
10.2.5.1.4 US: Industrial Automation Market, by End User
10.2.5.2 Canada: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.5.2.1 Canada: Industrial Automation Market, by Component
10.2.5.2.2 Canada: Industrial Automation Market, by Hardware
10.2.5.2.3 Canada: Industrial Automation Market, by System
10.2.5.2.4 Canada: Industrial Automation Market, by End User
10.2.5.3 Mexico: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.5.3.1 Mexico: Industrial Automation Market, by Component
10.2.5.3.2 Mexico: Industrial Automation Market, by Hardware
10.2.5.3.3 Mexico: Industrial Automation Market, by System
10.2.5.3.4 Mexico: Industrial Automation Market, by End User
10.3 Europe: Industrial Automation Market
10.3.1 Europe: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.2 Europe: Industrial Automation Market, by Component
10.3.3 Europe: Industrial Automation Market, by System
10.3.4 Europe: Industrial Automation Market, by End User
10.3.5 Europe: Industrial Automation Market, by Key Country
10.3.5.1 Germany: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.1.1 Germany: Industrial Automation Market, by Component
10.3.5.1.2 Germany: Industrial Automation Market, by Hardware
10.3.5.1.3 Germany: Industrial Automation Market, by System
10.3.5.1.4 Germany: Industrial Automation Market, by End User
10.3.5.2 France: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.2.1 France: Industrial Automation Market, by Component
10.3.5.2.2 France: Industrial Automation Market, by Hardware
10.3.5.2.3 France: Industrial Automation Market, by System
10.3.5.2.4 France: Industrial Automation Market, by End User
10.3.5.3 Italy: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.3.1 Italy: Industrial Automation Market, by Component
10.3.5.3.2 Italy: Industrial Automation Market, by Hardware
10.3.5.3.3 Italy: Industrial Automation Market, by System
10.3.5.3.4 Italy: Industrial Automation Market, by End User
10.3.5.4 UK: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.4.1 UK: Industrial Automation Market, by Component
10.3.5.4.2 UK: Industrial Automation Market, by Hardware
10.3.5.4.3 UK: Industrial Automation Market, by System
10.3.5.4.4 UK: Industrial Automation Market, by End User
10.3.5.5 Russia: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.5.1 Russia: Industrial Automation Market, by Component
10.3.5.5.2 Russia: Industrial Automation Market, by Hardware
10.3.5.5.3 Russia: Industrial Automation Market, by System
10.3.5.5.4 Russia: Industrial Automation Market, by End User
10.3.5.6 Rest of Europe: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.6.1 Rest of Europe: Industrial Automation Market, by Component
10.3.5.6.2 Rest of Europe: Industrial Automation Market, by Hardware
10.3.5.6.3 Rest of Europe: Industrial Automation Market, by System
10.3.5.6.4 Rest of Europe: Industrial Automation Market, by End User
11. Impact of COVID-19 Pandemic on Industrial Automation Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Product Launch
13. Company Profiles
13.1 ABB Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bosch Rexroth AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Emerson Electric Co
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hitachi Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Honeywell International Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Mitsubishi Electric Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 OMRON Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rockwell Automation Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Schneider Electric SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Siemens AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America and Europe Industrial Automation Market Revenue and Forecasts to 2028 (US$ Bn)
Table 2. North America: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 3. North America: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 4. North America: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 5. North America: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 6. US: Industrial Automation Market, by Component –Revenue and Forecast to 2028 (US$ Billion)
Table 7. US: Industrial Automation Market, by Hardware –Revenue and Forecast to 2028 (US$ Billion)
Table 8. US: Industrial Automation Market, by System –Revenue and Forecast to 2028 (US$ Billion)
Table 9. US: Industrial Automation Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 10. Canada: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Canada: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Canada: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Canada: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 14. Mexico: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 15. Mexico: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 16. Mexico: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 17. Mexico: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 18. Europe: Industrial Automation Market, by Component– Revenue and Forecast to 2028 (US$ Billion)
Table 19. Europe: Industrial Automation Market, by Hardware– Revenue and Forecast to 2028 (US$ Billion)
Table 20. Europe: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 21. Europe: Industrial Automation Market, by End User– Revenue and Forecast to 2028 (US$ Billion)
Table 22. Germany: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 23. Germany: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 24. Germany: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 25. Germany: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 26. France: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 27. France: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 28. France: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 29. France: Industrial Automation Market, by End User – Revenue and Forecast t2o 2028 (US$ Billion)
Table 30. Italy: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 31. Italy: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 32. Italy: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 33. Italy: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 34. UK: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 35. UK: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 36. UK: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 37. UK: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 38. Russia: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 39. Russia: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 40. Russia: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 41. Russia: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 42. Rest of Europe: Industrial Automation Market, by Component – Revenue and Forecast to 2028 (US$ Billion)
Table 43. Rest of Europe: Industrial Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Billion)
Table 44. Rest of Europe: Industrial Automation Market, by System – Revenue and Forecast to 2028 (US$ Billion)
Table 45. Rest of Europe: Industrial Automation Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 46. List of Abbreviation
LIST OF FIGURES
Figure 1. Industrial Automation Market Segmentation
Figure 2. Industrial Automation Market Segmentation – By Region
Figure 3. North America and Europe Industrial Automation Market Overview
Figure 4. Hardware Held the Highest Share in North America & Europe Industrial Automation Market in 2021
Figure 5. Others Held the Highest Share in North America & Europe Industrial Automation Market in 2021
Figure 6. Automotive Held the Highest Share in North America & Europe Industrial Automation Market in 2021
Figure 7. Industrial Automation Market, by Geography
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Expert Opinion
Figure 11. Industrial Automation Market Impact Analysis of Drivers and Restraints
Figure 12. North America and Europe Industrial Automation Market – Geographic Analysis
Figure 13. North America and Europe Industrial Automation Market Forecast and Analysis, (US$ Bn)
Figure 14. North America and Europe Industrial Automation Market Revenue Share, by Component (2021 and 2028)
Figure 15. Hardware: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Motors and Drives: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Robots: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Sensor: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Machine Vision System: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Others: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Software: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. North America and Europe Industrial Automation Market Revenue Share, by System (2021 and 2028)
Figure 23. Supervisory Control and Data Acquisition: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Distributed Control System: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Programmable Logic Control: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Others: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. North America and Europe Industrial Automation Market Revenue Share, by End User (2021 and 2028)
Figure 28. Oil & Gas: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Automotive: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Food & Beverage: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Chemical & Materials: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 32. Aerospace & Defense: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 33. Others: North America and Europe Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 34. North America and Europe Industrial Automation Market Revenue Share, by Region (2021 and 2028)
Figure 35. North America: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 36. North America: Industrial Automation Market Revenue Share, by Component (2021 and 2028)
Figure 37. North America: Industrial Automation Market Revenue Share, by System (2021 and 2028)
Figure 38. North America: Industrial Automation Market Revenue Share, by End User (2021 and 2028)
Figure 39. North America: Industrial Automation Market Revenue Share, by Key Country (2021 and 2028)
Figure 40. US: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 41. Canada: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 42. Mexico: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 43. Europe: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 44. Europe: Industrial Automation Market Revenue Share, by Component (2021 and 2028)
Figure 45. Europe: Industrial Automation Market Revenue Share, by System (2021 and 2028)
Figure 46. Europe: Industrial Automation Market Revenue Share, by End User (2021 and 2028)
Figure 47. Europe: Industrial Automation Market Revenue Share, by Key Country (2021 and 2028)
Figure 48. Germany: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 49. France: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 50. Italy: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 51. UK: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 52. Russia: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 53. Rest of Europe: Industrial Automation Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 54. Impact of COVID-19 Pandemic in North American Country Markets
Figure 55. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - North America & Europe Industrial Automation Market
- ABB Ltd.
- Bosch Rexroth AG
- Emerson Electric Co.
- Hitachi Ltd.
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
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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