"Smart Strategies, Giving Speed to your Growth Trajectory"

Industrial Automation Products Market Size, Share & Industry Analysis, By Products (Sensors, Drives, Switches & Relays, Controllers, Industrial Robots), By Solutions(Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS)), By Industry (Aerospace & Defense, Automotive, Chemical, Energy & Utilities) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI104843 | Status : Ongoing

 

KEY MARKET INSIGHTS

The advent of innovative technologies such as computing horsepower, application programming interface (APIs), cloud technology, and machine learning has propelled the demand for automation. Progressive technological advancements and their acceptance further support the snowballing demand for automation. Augmented reality (AR), digital twin, industrial internet of things (IIoT) are supposed to be the noteworthy trends prevailing the industrial automation products  market growth. Factory automation involves technologies, sensors, relays, switches, robots, and other automatic control devices that improve productivity and simultaneously decrease the overall production cost. Thus, the manufacturing industry is increasingly looking to adopt various automation products, which fuels the market growth significantly. Industrial automation reduces human interference in the industry and also certifies a superior performance compared to human workers. Thus, the demand for automation products, including control systems, robots, computers, and information technologies, is growing immensely to handle various industrial processes.


Developing economies, especially China and India, are also showcasing their heavy investing plans to support industrial automation technologies. Thus, the significant investments made for supporting automation would drive the industrial automation products market during the forecast period.


Additionally, favorable government policies supportive of manufacturing industries would also be proven beneficial for the industry growth. For instance, increasing pressure to reduce carbon footprint by using fuel-efficient electric vehicles and automobiles stimulates the demand for automation in the automotive sector.


Key Market Driver -

• Rising trend of factory automation would be likely to drive the adoption • Significant investments in the manufacturing sector to accelerate the market growth

Key Market Restraint -

• High costs and compatibility issues to hinder the market growth.


Key Players Covered:


Key players in the global market are developing featured products applicable for robotics and automation to attain new growth potential. Prominent market players are primarily focusing on developing new products and enhancements in their existing products to raise their position in a global marketplace. Several companies are adopting ultimate business expansion strategies such as strategic associations, collaborations, mergers, and acquisitions to expand their business and product portfolio.  For instance, in June 2020, Mitsubishi Electric Corporation announced the extension of its MELFA CR series, which involves entry-level robots for low to medium complex applications.


Prominent companies in the industrial automation products market are ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Kuka AG, Keyence Corporation, Fanuc Corporation, Bosch Rexroth, Fuji Electric Co., Ltd., Endress+Hauser AG, Hitachi Ltd., among others.


Regional Analysis:


North America's industrial automation products market is likely to hold a significant share of revenue, and it is probable to raise at a steady rate. The market growth is attributed to the rapidly growing trend of factory automation in the manufacturing sector. The presence of numerous manufacturing vendors that leverages the industrial automation systems further aids significantly to the market growth. The remarkable growth and investments in research and development (R&D) activities in industrial IoT are also likely to boost the regional market growth. Additionally, high demand for semiconductor products would be expected to flourish across North America. The rapid development of the advanced wireless network infrastructure such as 5G would also be likely to support market growth.


Europe is anticipated to contribute significantly to the global market due to vital factory automation companies such as ABB Ltd, Siemens AG, Schneider Electric S.E., and others. The industry 4.0 initiative for improving manufacturing productivity would be expected to impact market growth across Europe positively. Further, the rapidly developing robotics industry makes Europe a major contributor in the global industrial automation products market


The Asia-Pacific is anticipated to grow with the highest CAGR during the forecast period due to some prominent regional market players such as Kawasaki Heavy Industries, Ltd, Yokogawa Electric Corporation, and Mitsubishi Electric Corporation. China is a global manufacturing hub for smart sensors, semiconductor devices, microchips, and other IoT components. According to the French multinational insurance firm named Axa S.A., China holds about 95% share in global IIoT and connected device manufacturing. The growth of the Asia Pacific has further attributed to the cumulative demand for industrial IoT solutions in China, India, and South Korea.


With the advent of advanced technologies, the Middle East and Africa would likely drive significant market growth in the coming years. 


To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE


  DETAILS

By Products




  • Sensors

  • Drives

  • Switches & Relays

  • Controllers

  • Industrial Robots

  • Others



By Solutions




  • Distributed Control System (DCS)

  • Supervisory Control and Data Acquisition System (SCADA)

  • Manufacturing Execution System (MES)

  • Safety Instrumented System (SIS)

  • Programmable Logic Controller (PLC)

  • Human Machine Interface (HMI)

  • Others



By Industry




  • Aerospace & Defense

  • Automotive

  • Chemical

  • Energy & Utilities

  • Food & Beverage

  • Healthcare

  • Manufacturing

  • Mining & Metal

  • Oil & Gas

  • Transportation

  • Others



By Geography




  • North America (the United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments:



  • December 2020: OMRON Corporation announced the launch of new 1S series AC servo system with added safety functionality that helps to improve productivity and offers enhanced safety in the pharmaceutical, digital, cosmetics, food, and other industries.

  • August 2020: Rockwell Automation announced the expansion of the safety controllers family by adding the new ‘Compact GuardLogix 5380 SIL 3 controller’. The expansion aimed to scale up applications together with 1oo2 architecture that allow companies to create simpler, smarter, and better-performing machines.


Industrial Automation Products Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850
    Pre Book

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Panasonic
Sony
Lek
Fujitsu
Hitachi

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X