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Industrial Automation Market By Deployment Type (Industrial Robots, Process Analyzer, Machine Vision System,Human Machine Interface, Field Instruments, Industrial Sensors) By Component (Plant asset management, Manufacturing execution system, Industrial safety, Programmable logic controller) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global industrial automation market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Industrial Automation industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the Industrial Automation industry and how economic and non-economic barriers are helping the Industrial Automation market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Industrial Automation Marketby Volume

Yes

Industrial Automation Marketby Value

Yes

Industrial Automation Market, Tornado Analysis

Yes

Industrial Automation Market, STAR Analysis

Yes

Industrial Automation Market, SRC Analysis

Yes

Industrial Automation Market, Import-Export Data

Yes (On Demand)

Industrial Automation MarketPricing Analysis

Yes (On Demand)

Industrial Automation MarketSegment Analysis

By Deployment Type (Industrial Robots, Process Analyzer, Machine Vision System, Human Machine Interface, Field Instruments, Industrial Sensors, Industrial 3D Printing, Industrial PC, Vibration Monitoring)

By Component (Plant asset management, Manufacturing execution system, Industrial safety, Programmable logic controller, Distributed control system, Supervisory control, and data acquisition)

By End-Use Industry (Automotive, Metals & mining, Water & Wastewater treatment, Electronic & Semiconductors, Energy &Power, Machine Manufacturing, Food & beverages, Pharmaceuticals & medical devices, Chemicals, Oil & gas, and Others)

Industrial Automation Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Southeast Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

The Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Industrial Automation MarketKey Companies

ABB, Emerson Electric Co., Fanuc, General Electric, Honeywell International, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Yokogawa Electric, and Omron Corporation

Industrial Automation MarketCompetitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Industrial Automation market?

  • In 2021, the industrial robots segment accounted for the highest share of the global industrial automation market.
  • In 2021, the plant asset management segment was anticipated to have a significant share in the global industrial automation market due to its use of built-in intelligence industrial automation assets to assess and report on the state of the assets in a plant.
  • In 2021, the oil & gas segment was anticipated to hold a major share in the global industrial automation market due to the increasing implementation of automation technologies to improve decision-making and troubleshooting and increase the performance and efficiency of oil & gas exploration activities.

Which region dominated the industrial automation market?

In 2021, North America accounted for the highest global industrial automation market share due to the rising demand for innovative robotic technologies across the industry. Key companies' robust production ability and trading potential are also crucial for the region's growth.

How is the U.S. market performing in the industrial automation market?

In 2021, the North American region was anticipated to hold the largest share of the global industrial automation market. The U.S.exported approximately USD 12.7 Billion worth of automation equipment. Moreover, the U.S. is the third-largest global exporter after China and Germany. Globally, the U.S. is a competitive top–tier supplier of the automation equipment market. 

What is the competitive environment of the industrial automation market?

The semiconductor industry's competitive environment provides information on the economic profit made by suppliers and businesses, the sales and revenues created in this sector, the industrial automation market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial automation market. The major player in the industrial automation market is focusing on product innovation to create and launch new products to maximize their sales potential. For instance: Yokogawa Electric Corporation launched Plant Resource Manager with the new updated software development in the year 2020.

Executive Summary

How does industrial automation used in the oil & gas sector?

Industrial automation is expected to register significant growth in the oil & gas sector because it includes drilling operations, diagnostics & inspections, the pipeline monitoring system, weather monitoring system, and pressure & flow system. Drilling is a major area requiring automation owing to its high cost and high safety risks for the workers. Automated monitoring systems are increasingly deployed for pipe monitoring applications due to the rise in criminal attempts to steal pipelines.

Which are the key investments by the industrial automation market players?

Several companies focus on growth strategies such as product approvals, product launches, and many others, such as patents and events. The growth strategies and activities witnessed in the market were acquisitions, partnerships& collaborations. These activities have paved the way for business expansion and market players' customer base. The market payers of the industrial automation market are expected to have significant growth opportunities in the future with the rising demand in the global market. Increased the number of key market players with new developments and technologies and increased investment in improving industrial automation.

Some key players in the industrial automation market are ABB, Emerson Electric Co., Fanuc, General Electric, Honeywell International, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Yokogawa Electric, and Omron Corporation.

What are the major driving factors for the industrial automation market?

The development of automation technology in various industries with increased production and less human intervention with increased productivity and quality of the process and increased performance. With constant productivity of the manufacturing process, enhanced reliability, accuracy, and predictable maintenance of the technologies developed in industrial automation. Adapting the new technologies by various industries with increased asset performance over the improved connectivity enables to work over the software system smoothly with easy workflow management with less intervention of the human and enhanced solutions. Monitoring the condition of the machinery with the improved technology, early detection of problems and avoiding risk during the manufacturing process.

industrial-automation-market

What are the major risks for the industrial automation market?

Lack of awareness among the people in underdeveloped regions regarding the industrial automation developed with new technology and improved solutions may hamper the market growth of industrial automation during the forecast period. The lack of skill among the people about the technology in industrial automation required performing the manufacturing process with an increased software system and lack of knowledge about the internet affect the performance of the industrial automation. Lack of connectivity can also challenge market growth and affect the workflow of industrial automation, which may decrease industrial automation growth.

Which is the key component in the industrial automation market?

The plant asset management segment will hold a major share of the global industrial automation market, enabling manufacturers to decrease downtime and resource waste by recognizing potential problems before production and suggesting corrective measures. 

How is the industrial automation market performing in regions?

North America's industrial automation market expected for the highest share of the global market during the forecast period to the increasing demand for semiconductor products and manufacturing sectors in the region. High technological advancement in North American countries is an important factor in the regional market's growth. Moreover, the availability of funds and increasing use of advanced technology products among end users are other factors expected to boost the growth of the target market in the region. For instance, in March 2020, Epson Robots, a SCARA robot manufacturer based in the U.S., announced its collaboration with Air Automation Engineering (AEE) to offer technical support in the Midwest U.S. to strengthen its presence.

Due to technological advancements and integration with the current manufacturing environment, Asia Pacific industrial automation market is projected to have the highest CAGR in the global industrial automation market. The increasing application areas yearly, the high sight of the manufacturing companies, and the developing economy of the Asian countries play a significant role in the development of the market. In addition, increasing investments in industrial automation coupled with increasing communication and enhanced controlling system with increased efficiency in countries such as China, India, and Japan in the region is another factor projected to boost the growth of the global market in the region.

What is the regulatory landscape for the Industrial Automation market?

The International Electrotechnical Commission and the International Standard Organization (ISO) regulate international safety standards for equipment to enhance worker safety while ensuring product quality and technical compatibility of goods and services.

What is the Market Size of Industrial Automations Regarding Value?

The global market is projected to have a significant CAGR of 8.40% in the upcoming years. The global industrial automation industry was estimated to be worth USD 194.5 billion in 2021 and is projected to be worth USD 315.5 billion by 2028.

What are the major players planning for the future of the industrial automation market?

Many well-established technology providers maintain their market positions by investing in strategies such as collaboration, mergers & acquisitions, partnerships, product/ technology launches, and expansion. These strategies help the market players to gain a larger competitive advantage in the market and to meet their expansion plans. They focus on new technology development initiatives and geographical expansion. The market would witness relentless innovations and developments, which, as a result, would intensify the competition among these players. In addition, key players focus on cost reduction and strategies such as joint ventures, 5G, and 3D printing/additive.

Segmentation of the Global Industrial Automation Market-

Global Industrial Automation Market – By Deployment Type

  • Industrial Robots
  • Process Analyzer
  • Machine Vision System
  • Human Machine Interface
  • Field Instruments
  • Industrial Sensors
  • Industrial 3D Printing
  • Industrial PC
  • Vibration Monitoring

Global Industrial Automation Market – By Component

  • Plant asset management
  • Manufacturing execution system
  • Industrial safety
  • Programmable logic controller
  • Distributed control system
  • Supervisory control and data acquisition

Global Industrial Automation Market – By End-Use Industry

  • Automotive
  • Metals & mining
  • Water & Wastewater treatment
  • Electronic & Semiconductors
  • Energy & power
  • Machine Manufacturing
  • Food & beverages
  • Pharmaceuticals & medical devices
  • Chemicals
  • Oil & gas
  • Others

Global Industrial Automation Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global industrial automation Market

COVID-19 had a substantial impact on the market due to the outbreak of the COVID-19 pandemic affecting several industries such as Automotive, Metals & mining, Water & Wastewater treatment, Electronic & Semiconductors, and others. COVID-19 has not only accelerated delocalization in manufacturing but has also affected logistics severely. Companies have problems ranging from obtaining raw materials and delivering end products to attracting workers from quarantines. This scenario has, in turn, promo

North America accounted for the largest share of the global industrial automation market due to the presence of major manufacturers and high demand for industrial automation.

The rising demand for innovative industrial automation and networking technologies to enhance communications, monitoring, and control in manufacturing companies to foster the growth of the Industrial Automation Industry.

The industrial robots segment had a major global market share in 2021.

The plant asset management segment had a major share in the global market.

Industrial Automation Market Scope

Report Attribute Details
Market Value in 2021 USD 194.5 billion
Market Value in 2028 USD 315.5 billion
CAGR 8.40%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Nov 2022
Category:  Automotive & Transportation
Report ID:   60783
Report Format:   PDF
Pages:   130
Rating:    4.6 (50)
Delivery Time: 24 Hours to 48 Hours   
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