Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.
Data Bridge Market Research analyses that the global industrial automation market is expected to reach a value of USD 339.44 billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.
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**Segments**
- **Type:** The industrial automation market can be segmented based on type into distributed control system (DCS), programmable logic control (PLC), supervisory control and data acquisition (SCADA), human-machine interface (HMI), manufacturing execution system (MES), and others. Each type plays a critical role in enhancing efficiency and productivity in various industries.
- **End-Use Industry:** This market can also be segmented by end-use industry, including automotive, manufacturing, oil and gas, pharmaceuticals, chemicals, food and beverage, and others. The increasing adoption of industrial automation in these sectors is driving substantial growth in the market.
- **Component:** Segmentation by component includes hardware, software, and services. The hardware segment includes sensors, controllers, switches, and relays, while software comprises programming and visualization tools. Services encompass maintenance, training, and support, all of which are crucial for the smooth operation of industrial automation systems.
- **Region:** Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has its unique market dynamics and growth opportunities, driven by factors such as technological advancements, industrial growth, and government initiatives.
**Market Players**
- **ABB Ltd.:** A multinational corporation specializing in robotics, power, heavy electrical equipment, and automation technology. ABB has a strong presence in the industrial automation market with a range of innovative solutions.
- **Siemens AG:** Known for its expertise in electrification, automation, and digitalization, Siemens is a key player in the industrial automation sector, offering cutting-edge products and services.
- **Rockwell Automation, Inc.:** This company provides industrial automation control and information solutions to a wide range of industries, contributing significantly to the market's growth and innovation.
- **Schneider Electric SE:** A global leader in energy management and automation, Schneider Electric offers a comprehensive portfolio of industrial automation solutions that cater to diverse industry requirements.
- **Mitsubishi Electric Corporation:** Specializing in electrical and electronic equipment, Mitsubishi Electric is a prominent player in the industrial automation market, known for its high-quality products and technological advancements.
The global industrial automation market is witnessing robust growth driven by increased demand for operational efficiency, cost reduction, and technological advancements across various industries. With a diverse range of segments, including type, end-use industry, component, and region, the market offers numerous growth opportunities for key players. Leading market players such as ABB Ltd., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, and Mitsubishi Electric Corporation are at the forefront of innovation, offering cutting-edge solutions to meet the evolving needs of industrial automation. The market is poised for further expansion as industries continue to embrace automation technologies for enhanced productivity and competitiveness.
https://www.databridgemarketresearch.com/reports/global-industrial-automation-marketThe global industrial automation market is experiencing a significant evolution driven by several key trends and factors that are reshaping the landscape of industries worldwide. One of the prominent trends shaping the market is the integration of advanced technologies such as artificial intelligence (AI), machine learning, Internet of Things (IoT), and big data analytics into industrial automation systems. These technologies are enabling seamless connectivity, real-time data monitoring, predictive maintenance, and enhanced decision-making processes, thereby revolutionizing the way industries operate and increasing overall efficiency and productivity.
Moreover, the increasing focus on sustainability and environmental conservation is influencing the adoption of industrial automation solutions that are energy-efficient and environmentally friendly. This shift towards sustainable practices is driving the development of smart manufacturing processes, which optimize resource utilization, reduce waste, and minimize carbon footprint, aligning with global efforts to combat climate change.
Furthermore, the growing emphasis on cybersecurity in industrial automation systems is becoming a critical factor for businesses looking to safeguard their operations from cyber threats and potential disruptions. As interconnected automation networks become more prevalent, ensuring the security and integrity of data and systems has become paramount to prevent cyber-attacks and ensure smooth functioning of industrial processes.
In addition, the ongoing digital transformation across industries is accelerating the adoption of industrial automation solutions to streamline operations, enhance agility, and enable faster decision-making. The transition towards Industry 4.0 or the Fourth Industrial Revolution is driving the convergence of physical and digital technologies, leading to the creation of smart factories that leverage automation, AI, and IoT to drive innovation and competitiveness.
Moreover, the COVID-19 pandemic has underscored the importance of resilience and flexibility in manufacturing and industrial processes, prompting businesses to invest in automation solutions that can adapt to changing market dynamics and disruptions. The pandemic has highlighted the need for remote monitoring, predictive maintenance, and agile production capabilities, all of which can be facilitated through advanced industrial automation systems.
Overall, the global industrial automation market is poised for continued growth and innovation as industries across various sectors embrace technological advancements to boost efficiency, drive cost savings, and enhance competitiveness in a rapidly evolving business landscape. By leveraging emerging technologies, focusing on sustainability, prioritizing cybersecurity, embracing digital transformation, and adapting to the post-pandemic realities, businesses can capitalize on the opportunities presented by the evolving industrial automation market to achieve sustainable growth and success.**Segments**
- Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others)
- Mode of Automation (Semi-Automation and Fully-Automation)
- Systems (PID, Model Based Control, and Others)
- Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control)
- Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation)
- End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.
The global industrial automation market is a dynamic and rapidly evolving sector driven by various segments that cater to specific industry needs and technological advancements. The components segment encompasses a wide range of essential elements such as sensors, industrial robots, and control valves, which are critical for enhancing automation efficiency. The mode of automation, whether semi-automation or fully-automation, determines the level of human involvement in industrial processes, impacting productivity and operational costs. Systems like PID and model-based control, along with solutions including PLC, DCS, SCADA, and digitalization, provide the technological backbone for automation systems, enabling seamless operation and data management. The type of automation, whether fixed or flexible, tailored to specific industry requirements, plays a crucial role in optimizing automation processes. End-users in process and discrete industries benefit from specialized automation solutions tailored to their unique operational needs.
The industrial automation market is propelled by key trends that are shaping the industry landscape. The integration of advanced technologies such as AI, machine learning, IoT, and big data analytics enhances connectivity and enables real-time data monitoring and predictive maintenance, driving operational efficiencies across industries. Sustainability and environmental concerns are driving the adoption of energy-efficient automation solutions, aligning with global sustainability goals and promoting smart manufacturing processes that reduce waste and carbon footprint. The emphasis on cybersecurity underscores the importance of data security in interconnected automation networks to prevent cyber threats and ensure operational integrity. The digital transformation and Industry 4.0 revolution are accelerating the convergence of physical and digital technologies, paving the way for innovative automation solutions that enhance operational agility and competitiveness.
The COVID-19 pandemic has accelerated the adoption of automation solutions as businesses seek resilience and flexibility in their operations. Remote monitoring, predictive maintenance, and agile production capabilities have become essential features of industrial automation systems to adapt to changing market dynamics and disruptions. The pandemic has highlighted the importance of leveraging technological advancements to navigate uncertainties and ensure business continuity in challenging times. Overall, the industrial automation market is poised for sustained growth and innovation as industries embrace emerging technologies, prioritize sustainability and cybersecurity, and drive digital transformation to enhance competitiveness and ensure long-term success in a rapidly evolving business landscape.
The Industrial Automation Market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Major Points Covered in TOC:
Industrial Automation Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Industrial Automation Market portions by application, study goals, and years considered.
Industrial Automation Market Landscape: Here, the opposition in the Worldwide Industrial Automation Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Industrial Automation Profiles of Manufacturers: Here, driving players of the worldwide Industrial Automation Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Industrial Automation Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Industrial Automation Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Industrial Automation Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Industrial Automation Market.
Industrial Automation Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
What to Expect from the Report, a 7-Pointer Guide
- The Industrial Automation Market report dives into the holistic Strategy and Innovation for this market ecosystem
- The Industrial Automation Market report keenly isolates and upholds notable prominent market drivers and barriers
- The Industrial Automation Market report sets clarity in identifying technological standardization as well as the regulatory
- framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
- The Industrial Automation Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
- A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability
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