Factory Automation Market Size, Top Players, and Forecast by 2028
Factory Automation Market: Size and Share
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CAGR (2023 - 2031)8.2% -
Market Size 2023
US$ 181.45 Billion -
Market Size 2031
US$ 340.78 Billion
Market Dynamics
- The adoption of Industry 4.0 principles in manufacturing, Government initiatives to support industrial automation
- Integration of machine vision systems with deep learning
- Growing focus on strategic initiatives by market players
Market Segmentation
Component - Hardware
- Software
Type - Programmable Automation
- Fixed Automation
- Flexible Automation
Technology - Programmable Logic Controller
- Distributed Control System
- Supervisory Control and Data Acquisition System
- Human Machine Interface
Industry Vertical - Automotive
- Food and Beverages
- Oil and Gas
- Manufacturing
- Mining
Factory Automation Market Players Density: Understanding Its Impact on Business Dynamics
The Factory Automation Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Factory Automation Market are:
- ABB Ltd.
- Emerson Electric Co.
- Fanuc Corporation
- General Electric Company
- Mitsubishi Electric Corporation
- Honeywell International Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Factory Automation Market top key players overview
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