Industrial Automation Market by Control System (Distributed Control System (DCS), Programmable Logic Controller (PLC), Supervisory Control And Data Acquisition (SCADA)), Component Type, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Industrial Automation Market Size

The industrial automation market size was valued at $161.95 billion in 2023 and is projected to reach $279.17 billion by 2029, growing at a CAGR of 9.5% from 2023 to 2029.

Industrial Automation Market Overview

Industrial automation refers to the use of advanced control systems, machinery, and technologies to manage various processes in industries without significant human intervention. The goal of industrial automation is to enhance efficiency, accuracy, and productivity by automating tasks traditionally performed by humans. This involves the integration of technologies such as sensors, actuators, robotics, and computer systems to control and optimize manufacturing processes, assembly lines, and other industrial operations. Industrial automation plays a pivotal role in improving the quality and consistency of output, reducing production costs, and enhancing overall safety in industrial environments. It encompasses a wide range of applications, from simple tasks like material handling to complex processes like chemical manufacturing and power generation. As technology continues to advance, industrial automation is evolving with the integration of artificial intelligence, machine learning, and the Internet of Things (IoT), further revolutionizing the landscape of modern industrial production.

Market Dynamics:

Growth Drivers

• Rising demand for process optimization.
• Increasing inclination for environmentally friendly and energy-efficient solutions.

Constraints

• High installation costs.
• Shortage of experienced workers.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on control system, the market is bifurcated into distributed control system (DCS), programmable logic controller (PLC), supervisory control and data acquisition (SCADA), and other control systems.

By component type, the market is fragmented control valves, human machine interface (HMI), industrial robots, sensors, and other component types.

Depending on the end user, the market is segregated into transportation, oil & gas, mining & metal, manufacturing, healthcare, food & beverage, energy & utilities, chemical, automotive, and aerospace & defense.

List of the Key Players Profiled in the Report Includes:

• 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

Market by, Geography:

The industrial automation market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Industrial Automation Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Industrial Automation Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Industrial Automation Market by, Control System 
 6.1 Overview 
 6.2 Distributed Control System (DCS) 
 6.3 Programmable Logic Controller (PLC) 
 6.4 Supervisory Control And Data Acquisition (SCADA) 
 6.5 Other Control Systems 
 
7 Global Industrial Automation Market by, Component Type 
 7.1 Overview 
 7.2 Control Valves 
 7.3 Human Machine Interface (HMI) 
 7.4 Industrial Robots 
 7.5 Sensors 
 7.6 Other Component Types 
 
8 Global Industrial Automation Market by, End User 
 8.1 Overview 
 8.2 Transportation 
 8.3 Oil & Gas 
 8.4 Mining & Metal 
 8.5 Manufacturing 
 8.6 Healthcare 
 8.7 Food & Beverage 
 8.8 Energy & Utilities 
 8.9 Chemical 
 8.10 Automotive 
 8.11 Aerospace & Defense 
 
9 Global Industrial Automation Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US
 9.2.2 Canada
 9.2.3 Mexico
 9.3 Europe 
 9.3.1 Germany
 9.3.2 France
 9.3.3 UK
 9.3.4 Italy
 9.3.5 Spain
 9.3.6 Rest of Europe
 9.4 Asia Pacific 
 9.4.1 China
 9.4.2 Japan
 9.4.3 India
 9.4.4 South Korea
 9.4.5 Australia
 9.4.6 New Zealand
 9.4.7 Rest of Asia Pacific
 9.5 South America 
 9.5.1 Brazil
 9.5.2 Argentina
 9.5.3 Chile
 9.5.4 Rest of South America
 9.6 Middle East & Africa 
 9.6.1 UAE
 9.6.2 Saudi Arabia
 9.6.3 Qatar
 9.6.4 Iran
 9.6.5 South Africa
 9.6.6 Rest of Middle East & Africa
 
10 Key Developments 
 
11 Company Profiling 
 11.1 ABB Ltd. 
 11.1.1 Business Overview
 11.1.2 Product/Service Offering
 11.1.3 Financial Overview
 11.1.4 SWOT Analysis
 11.1.5 Key Activities
 11.2 Emerson Electric Co. 
 11.3 General Electric Company 
 11.4 Honeywell International Inc. 
 11.5 Mitsubishi Electric Corporation 
 11.6 Omron Corporation 
 11.7 Rockwell Automation, Inc. 
 11.8 Schneider Electric SE 
 11.9 Siemens AG 
 11.10 Yokogawa Electric Corporation