Factory Automation Market Scope And Analysis

Report Code : TIPRE00009863
Category : Electronics and Semiconductor

No. of Pages : 150

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Factory Automation Market Analysis and Scope (2023 to 2028)

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Factory Automation Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 181.45 Billion
Market Size by 2031	US$ 340.78 Billion
Global CAGR (2023 - 2031)	8.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Hardware Software By Type Programmable Automation Fixed Automation Flexible Automation By Technology Programmable Logic Controller Distributed Control System Supervisory Control and Data Acquisition System Human Machine Interface By Industry Vertical Automotive Food and Beverages Oil and Gas Manufacturing Mining
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABB Ltd Emerson Electric Co Fanuc Corporation General Electric Company Mitsubishi Electric Corporation Honeywell International Inc OMRON Corporation Rockwell Automation Inc Siemens AG

Factory Automation Market News and Recent Developments

The factory automation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the factory automation are listed below:

Mitsubishi Electric Corporation announced that it will invest approximately 2.2 billion Indian rupees, or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India. Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation (FA) control system products, expanding the company’s capabilities to meet the growing demand in India. (Source: Mitsubishi Electric Corporation, Press Release, June 2022)

Factory Automation Market Report Coverage & Deliverables

The factory automation market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Factory Automation Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

Factory automation market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Factory automation market trends, as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Factory automation market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the factory automation Market
Detailed company profiles.