The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is forecasted to grow at a CAGR of 10.8% during 2024-30, cites MarkNtel Advisors in the recent research report. The industry is experiencing considerable growth driven by the rapid advancement of superior technology, such as robotics & artificial intelligence, which has sparked swift transformations in varied industries. Additionally, automation fosters streamlined production processes & smart inventory management capabilities for manufacturing units. Industries are increasingly implementing business automation systems to enhance productivity while reducing labor costs. With Industry 4.0's advent comes exponential market growth prospects through enhanced networking technologies implemented by innovative manufacturers within this sector.

The market growth is being enhanced by the key drivers of increased demand for qualitative and reliable manufacturing automation as well as government initiatives to promote industrial automation. Customization is a key feature of industrial automation systems, designed primarily to minimize costs while enhancing quality & safety for operators, as well as increasing production efficiency. To effectively meet their marketing objectives, businesses are leveraging technologies like analytics, immersive reality (augmented & virtual reality), cloud computing, and mobility tools.

Download Sample PDF Copy of this Report: - https://www.marknteladvisors.com/query/request-sample/global-industrial-automation-market.html

Furthermore, the integration of the Internet of Things (IoT) into factory automation is also set to drive smart manufacturing growth by capitalizing on internet connectivity benefits, thus augmenting the market expansion in the coming years, further states the research report, “Global Industrial Automation Market Analysis, 2024.”

Global Industrial Automation Market Segmentation Analysis

By Component

  • Field Devices
    • Industrial Robots- Market Size & Forecast 2019-2030, (USD Million)
    • Human Machine Interface (HMI)- Market Size & Forecast 2019-2030, (USD Million)
    • Control Valves- Market Size & Forecast 2019-2030, (USD Million)
    • Sensors- Market Size & Forecast 2019-2030, (USD Million)
    • Industrial 3D Printing- Market Size & Forecast 2019-2030, (USD Million)
    • Others (Machine Vision, Fields Instruments, etc.)- Market Size & Forecast 2019-2030, (USD Million)
  • Industrial Control Systems
    • Supervisory Control and Data Acquisition (SCADA)- Market Size & Forecast 2019-2030, (USD Million)
    • Programmable Logic Controller (PLC)- Market Size & Forecast 2019-2030, (USD Million)
    • Distributed Control System (DCS)- Market Size & Forecast 2019-2030, (USD Million)
    • Manufacturing Execution System (MES)- Market Size & Forecast 2019-2030, (USD Million)
    • Product Lifecycle Management (PLM)- Market Size & Forecast 2019-2030, (USD Million)
    • Others (Industrial Safety, Plant Asset Management (PAM), etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Level of Automation

  • Semi-automatic- Market Size & Forecast 2019-2030, (USD Million)
  • Fully Automatic- Market Size & Forecast 2019-2030, (USD Million)

By End User

  • Automotive- Market Size & Forecast 2019-2030, (USD Million)
  • Mining- Market Size & Forecast 2019-2030, (USD Million)
  • Water & Wastewater Management- Market Size & Forecast 2019-2030, (USD Million)
  • Electronic & Semiconductors- Market Size & Forecast 2019-2030, (USD Million)
  • Energy- Market Size & Forecast 2019-2030, (USD Million) & Power
  • Food & Beverages- Market Size & Forecast 2019-2030, (USD Million)
  • Oil & Gas- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Pharmaceuticals, Chemicals, etc.) - Market Size & Forecast 2019-2030, (USD Million)

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Supervisory Control and Data Acquisition (SCADA) Control System to Hold Significant Market Share

Based on the solutions segment, the market is further bifurcated into Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM) and Functional Safety, and Plant Asset Management (PAM).

Of all, the Supervisory Control and Data Acquisition (SCADA) control system is expected to hold a considerable share of the Global Industrial Automation Market during the forecast period as Industry 4.0 principles are embraced. SCADA Control Systems are utilized in various industries, including aerospace & defense, automotive, chemical, energy & utilities, manufacturing, and healthcare. Its effectiveness lies in its ability to procure real-time data that can efficiently feed into controller systems. Furthermore, manufacturers' need for computerized production processes with higher efficiency levels has fueled this growth even further.

Asia-Pacific Leading the Industrial Automation Market

The Asia-Pacific region holds the dominant place with a significant market share in 2024, as in 2023, the region’s market share hovered around 38%. This trend of market dominance is expected to continue by 2030, as various major players and up-and-coming businesses are inclining towards automation principles across the region. Penetration of high-speed internet in countries like India China, Vietnam, etc., is also catalyzing the growth of the Asia-Pacific Industrial Automation Market. Furthermore, regional market growth can be attributed to an increasing demand of businesses for advanced industrial plant management solutions that cater specifically to India's and China's growing needs for industrial automation concepts & techniques.

Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/global-industrial-automation-market.html

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including ABB Ltd., Dwyer Instruments, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens AG, Yokogawa Electric Corporation, Fanuc Corporation, WIKA Gmbh, Stratasys, 3D Systems Corp., and Others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the Global Industrial Automation Market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product & service adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

Who We Are:

Our team entails professional analysts and researchers who intelligently utilize research techniques to procure detail-driven, unbiased, and reliable data encompassing the industry. We aim to nurture a result-oriented team to offer strategically-moving insights to our clients. 

Our fact-based reports allow the user to design their motives, funds, and strategies, with a higher focus on mitigating confusion and bringing forward a clear insight into the industry. It further allows the clients to identify the lucrative opportunities awaiting.

Insights offered by MarkNtel Advisors comprise in-depth information on regional & country-based trends emerging in the industry. The team studies & compiles the prospects, ensuring consistency in reports.

Our services are beyond offering research reports to the clients and further expand into addressing queries while incorporating with them for advice, development, & execution of strategies for exception growth.

Other Trending Reports:

For Media Inquiries, Please Contact: 

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511 

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India