Industrial Automation
How Are the key drivers contributing to the expansion of the industrial automation market?
The escalating importance of robotics is predicted to fuel the expansion of the industrial automation market. Robotics, encompassing the creation, operation, and design of smart machines to aid human activities, is gaining increased use in industrial automation procedures. Productivity, speed, overall performance, and replacement of manual labor can be enhanced by employing it in diverse processes and machinery within an industry. For instance, the International Federation of Robotics, based in Germany, reported in April 2024 that there was a 12% rise in the total number of industrial robot installations in 2023, amounting to 44,303 units. Thus, the growing prominence of robotics is steering the industrial automation market forward.
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What growth opportunities are expected to drive the industrial automation market’s CAGR through 2034?
The market size for industrial automation has witnessed a robust expansion in the prior years. It is projected to rise from $193.87 billion in 2024 to $205.11 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. The expansion during the historical period is due to factors such as the growing use of robotics, significant economic advancement in emerging markets, government incentives, and a rise in automotive production.
Expectations for the industrial automation market size project a strong surge in the coming years, bracing to reach a size of $290.14 billion by 2029. The overall growth, projected at a compound annual growth rate (CAGR) of 9.1%, can be accredited to various factors including wider acceptance of IoT, an increase in healthcare spending, a boost in demand from the agricultural sector, and the rise in passenger air traffic. Key trends predicted for this period encompass the utilization of artificial intelligence (AI) to amplify efficiency along with mass production, a sharper focus on edge and cloud computing for prompt data processing, applying 5G technology, a concentrated focus on cybersecurity solutions, as well as an inclination towards cloud robots.
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How are the latest trends influencing the growth of the industrial automation market?
The rise of technological developments is becoming a key trend in the industrial automation market. These developments, including the integration of AI into robots, equips them with the capability to independently learn procedures and sometimes even communicate with other robots and humans. Leading companies in the market are emphasizing on embedding AI tech into industrial robots to remain competitive. For example, Mitsubishi Electric Corp., a Japanese electronics corporation, announced in March 2022 that they plan to introduce new industrial robotic systems equipped with their Maisart AI technologies. These technologies include highly accurate speech recognition, enabling operators to adjust robot movements as necessary.
Which growth-oriented segments of the industrial automation market are leading the industry’s development?
The industrial automation market covered in this report is segmented –
1) By Component: Industrial Robots, Human Machine Interface (HMI), Industrial Sensors, Control Valves , Other Components
2) By Control System: Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Other Control Systems.
3) By Industry: Aerospace And Defense, Automotive, Healthcare, Energy And Utilities, Food And Beverages, Oil And Gas, Mining, Transportation, Other Industries.
Subsegments:
1) By Industrial Robots: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Delta Robots
2) By Human Machine Interface (HMI): Touch Screen HMI, PC-based HMI, Web-based HMI, Mobile HMI
3) By Industrial Sensors: Proximity Sensors, Pressure Sensors, Temperature Sensors, Level Sensors, Flow Sensors
4) By Control Valves: Globe Control Valves, Ball Control Valves, Butterfly Control Valves, Solenoid Control Valves
5) By Other Components: PLCs (Programmable Logic Controllers), Industrial Ethernet Switches, Servo Drives And Motors, Data Acquisition Systems
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What regions are leading the charge in the industrial automation market?
Asia-Pacific was the largest region in the industrial automation market in 2024. The regions covered in the industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the industrial automation market?
Major companies operating in the industrial automation market include Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric, Fanuc Corporation, Omron Corporation, Emerson Electric Co., Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric, EFACEC Electric International Engineering Co. Ltd, Precision Product Handling International Ltd, HK AA Industrial Co., International Coalition of Intelligent Manufacturing, Switek Technology Automation Co., Ltd, Youibot Robotics, InterTech Development Company, United magnetics co., ltd, Immetech Industrial Co., Ltd, Zinsser Analytic GmbH, Wiesemann & Theis GmbH, Lammers Automation GmbH, syskomp gehmeyr GmbH, vision-tec gmbh, Otc Daihen Europe Gmbh, Koch Textilpflege GmbH, Alukeep GmbH, WSCAD Nederland, Engmatec, Hexagon, Indusoft, Ltd, Sinkross, TEKKNOW, Roxor Industry, VERYSELL Industrial Systems Automation, FST Rus LLC, ProSoft, Rusatom Automated Control Systems, SMS-Automation, RONDO RUS, BFG Group, ProMach Innovation Center, Omnirobotic, Proment Inc., Denson Automation Inc, Rebel Automated Systems, Honeywell International Inc, Cognex Corporation, Teradyne Inc., National Instruments Corporation, Plexus Corp., Nauticus Robotics Inc., Novanta Inc., Yokogawa Electric, CI24 Controles Inteligentes, Rewo Uruguay, Danlesco Gulf LLC, ASCORP Industrial Complex LLC, Spex Insulation Contracting, Kimans Inc, Team Switchgear And Control L.L.C, Telinstra FZCO, Autochim Systems, Control Systems Integration (Pty) Ltd, Festo South Africa, DIRECTECH GROUP, SMC Corporation, JMP Group, Protea automation solutions.
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What Is Covered In The Industrial Automation Global Market Report?
• Market Size Forecast: Examine the industrial automation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the industrial automation market for a structured understanding.
• Key Players Overview: Analyze major players in the industrial automation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial automation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the industrial automation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial automation market.
• Industry Challenges: Identify potential risks and obstacles affecting the industrial automation market.
• Competitive Landscape: Review strategic developments in the industrial automation market, including expansions, agreements, and new product launches.
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