Market Overview: Industrial Automation Market FY2024-2030
This reports provides an essential and dependable overview of the Industrial Automation Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Industrial Automation Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 10.8% (2024-2030)
The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is expected to register a CAGR of around 10.8% during the forecast period, i.e., 2024-30.
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Industrial Automation Market Opportunity:
Gaining Traction of Industry 5.0 to Cater Lucrative Opportunities to the Industrial Automation Sector – Industry 5.0 aims to perform mass personalization, customization, and optimization of human efficiency with the help of Artificial Intelligence and Digital Twin Technology. Increased automation demand through the deployment of next-generation technology will positively impact many industries. Thus, Industry 5.0 provides greater opportunities for highly automated manufacturing systems and will continue to gain momentum for market expansion. The need for today’s industrial automation sector is fast progress in manufacturing techniques and production system digitization and intelligence. With Industry 5.0, the industrial automation market will expand at a large scale in the coming years.
Moreover, Industry 5.0 has opened up new doors for multiple sectors, particularly healthcare where robots are performing medical surgeries in remote regions. This advancement presents fresh prospects like fostering inventive and ingenious ideas, interfacing with technology, supervising COBOTs (Collaborative Robots), devising artificial algorithms, and countless other possibilities. Thus Industry 5.0 is the futuristic industrial revolution for the expansion of industrial automation, which is expected to bring in more creativity and innovation in the products by allowing robots to perform repetitive tasks.
Industrial Automation Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Industrial Automation Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Industrial Automation Market segmentation is enlisted below:
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)
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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
Industrial Automation Market Competitive Landscape
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.
Industrial Automation Industry News:
- 2024: Polysciences Inc., a leading chemical manufacturer partnered with Formic Automation to integrate automation into their manufacturing processes. Polysciences intended to increase operational efficiency by minimizing manual tasks that were becoming a production bottleneck and reducing the OPEX by 35%.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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