The global industrial automation market size reached USD 210.50 Billion in 2022 and is expected to register a revenue CAGR of 8.6% during the forecast period, according to the latest analysis by Emergen Research. Rapid adoption of Industry 4.0 technologies across the globe and increasing investments to modernize manufacturing activities are key factors driving revenue growth of the market. Industrial Internet of Things (IIoT) and cyber-physical systems, which are intelligent, autonomous systems that employ computer-based algorithms to monitor and operate physical objects such as machinery, robots, and vehicles, are the foundation of Industry 4.0. The adoption of Industry 4.0 technology within the supply chain leads to smart factories, manufacturing facilities, smart storage, and logistics. However, Industry 4.0 goes beyond the supply chain. Enterprise Resource Planning (ERP) and other back-end systems are interconnected to provide businesses with a level of visibility and control never before possible. Industry 4.0 is ultimately a key component of any company's digital transition.
The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Industrial Automation industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Industrial Automation industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
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Competitive Outlook: The leading companies operating in the Industrial Automation market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Industrial Automation Market and Profiled in the Report are:
Schneider Electric, Siemens AG, General Electric Company, Emerson Electric Co, Rockwell Automation Inc., Yocogawa Electric Corporation, Omron Corporation, Fanuc Corporation, Dwyer Instruments, Ltd, Mitsubishi Electric Corporation, Honeywell International Inc., and ABB Ltd
Objectives of the Report:
Industrial structure analysis of the Industrial Automation market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Industrial Automation market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Industrial Automation market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
Study of the global Industrial Automation market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
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Segments Covered in this report are:
Component Outlook (Revenue, USD Billion; 2019-2032)
- Hardware
- Industrial Sensors
- Machine Vision Systems
- Industrial Robots
- Human Machine Interface
- Others
- Software
- Supervisory Control Data Acquisition
- Programmable Logic Controller
- Distributed Control System
- Plant Asset Management
- Others
- Services
- Hardware
Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)
- Oil Gas
- Manufacturing
- Automotive
- Healthcare
- Energy Power
- Others
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
- North America
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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