Industrial Automation Market is expected to grow at a CAGR of 8.5% during the forecast period of 2022-2030

 

The global industrial automation market includes players engaged in developing and launching various industrial automation related systems, technologies, and products. This market is expected to grow at a compounded annual growth rate (CAGR) of 8.5% during the forecast period of 2022-2030.

Industrial automation is the use of control systems, such as computers or robots, and information technology to handle tasks that humans historically did on a big scale. The method makes it possible for the physical environment to be more directly integrated with computer-based systems. Capacity utilisation, risk reduction, responsiveness, resiliency, and agility are made possible by industrial automation. It offers a variety of benefits, including increased control, precision, efficiency, and speed to market.

 

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Growth Drivers:

In order to reduce their overall labour and operating expenses, end-user industries such as automotive and electronics, gas, chemicals & materials, pharmaceutical, and these are considered to be progressively adopting automation solutions. The current worldwide requirements are proven to be much beyond the capabilities of conventional industrial mechanisms.

In addition, large tech-savvy businesses throughout the world are projected to place a significant emphasis on creating and introducing new and advanced technologies for usage in various end-user verticals in response to the fourth industrial revolution's rapid growth. They are concentrating on implementing several tactics, such as partnerships, collaborations, and mergers and acquisitions, in order to accomplish this.

In addition, the global adoption of 5G wireless technology, the booming use of SCADA and HMI technologies, the proliferating demand for cutting-edge industrial automation & networking technologies, the increasing need for digital transformation across end-user industries, and the increasing investments in a variety of advanced technologies are among other key factors.

Industrial Automation Market Segmentation:

By Component:

·         Enterprise-level Controls

·         Product Lifecycle Management (PLM)

·         Enterprise Resource Planning (ERP)

·         Manufacturing Execution Systems (MES)

·         Plant Instrumentation

·         Motors & Drives

·         Robots

·         Articulated Robots

·         Cartesian Robots

·         Selective Compliance Assembly Robot Arms (SCARA)

·         Collaborative Robots

·         Other Robots

·         Sensors

·         Machine Vision Systems

·         Cameras

·         Optics and LED Lighting

·         Relays & Switches

·         Other Plant Instrumentation Components

·         Plant-level Controls

·         Supervisory Control and Data Acquisition (SCADA)

·         Distributed Control Systems (DCS)

·         Programmable Logic Controllers (PLC)

·         Other Plant-level Controls

 

By Mode of Automation:

·         Semi-automatic

·         Fully-automatic

 

By End User:

·         Oil & Gas

·         Chemicals & Materials

·         Paper & Pulp

·         Pharmaceuticals & Biotech

·         Mining & Metals

·         Food & Beverage

·         Power

·         Consumer Goods

·         Automotive

·         Machines & Tools

·         Semiconductors & Electronics

·         Aerospace & Defense

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Industrial Automation Market:

The research report offers a competitive analysis of prominent companies operating in the global industrial automation market. Some of the leading players profiled in the market research report include:

·         Honeywell International

·         Mitsubishi Electric Corporation

·         OMRON Corporation

·         Advantech Co. Ltd.

·         ABB Group

·         Siemens AG

·         Yaskawa Electric Corporation

·         Schneider Electric

·         Yokogawa Electric Corporation

·         KUKA AG

·         Fanuc

·         Fuji Electric Co. Ltd.

·         Emerson Electric Co.

·         Rockwell Automation Inc.

·         Texas Instruments Incorporated

·         Other Players

 

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About Us:-                                            

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                                                             

                                                                             

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