Industrial Automation Control Market Analysis, Size, and Growth (2024 - 2031)
Industrial Automation Control Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 181.30 billion |
Market Size by 2031 | US$ 403.93 billion |
Global CAGR (2023 - 2031) | 10.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Solutions
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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