1. Home
  2. Semiconductor Electronics
  3. Industrial Automation Market

Industrial Automation Market

Industrial Automation Market Size, Share & Industry Analysis, By Component (Hardware [Photoelectric, Laser, Inductive, Motor (AC, DC, Servo), PLC, Sensors, HMI, Safety Light Curtain, Robots], Software, Services), By System (Distributed Control System, Human-Machine Interface, Industrial Robots, Machine Vision Systems, Manufacturing Execution Systems, Programmable Logic Controller, Supervisory Control and Data Acquisition), by Mode of Automation (Flexible, Fixed, Integrated, Programmable), By End-User (Automotive, Chemicals & Petrochemicals, Electronics & Semiconductors, Food & Beverage, Mining & Metals, Oil & Gas, Pharmaceuticals, Power Generation, Pulp & Paper, Water and Wastewater) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Code: SEM001105
Report Format: PDF + PPT + Excel
Download PDF Buy Now
Report Description

1. Market Overview

The global industrial automation market is expected to increase at a CAGR of 8.5% from 2024 to 2031. Starting from USD 205.86 billion in 2024, the market is predicted to grow to USD 395.09 billion by 2031. Asia-Pacific dominates the market, with China and Japan leading in automation adoption.
 

The industrial automation market is undergoing significant transition, owing to Industry 4.0 ambitions and the growing need for smart manufacturing solutions. The integration of artificial intelligence, machine learning, and IoT technology has transformed traditional industrial processes, resulting in increased productivity and operational efficiency. The COVID-19 epidemic has pushed automation adoption, as businesses attempt to secure business continuity while reducing reliance on manual labor.

 

2. Market Dynamics

Market Trend: Growing Integration of AI and Machine Learning in Industrial Automation Systems

The industrial automation market is rapidly shifting toward intelligent automation systems powered by AI and machine learning technology. Manufacturing plants are increasingly employing predictive maintenance systems, which use machine learning algorithms to foresee equipment breakdowns and improve maintenance schedules. For example, recent implementations in automobile manufacturing plants have resulted in a 35% reduction in unexpected downtime due to AI-powered predictive maintenance solutions. Companies are also merging computer vision systems with AI capabilities, allowing quality control processes to detect errors with 99.9% accuracy, which is a significant advance over previous inspection methods.

 

Market Driver: Rising Need for Enhanced Manufacturing Efficiency and Reduced Operational Costs

Manufacturing industries are under great pressure to increase productivity while lowering operating expenses. Studies show that automated manufacturing systems can save production costs by up to 30% while improving productivity by 25%. The automobile sector, for example, has saved up to 40% on labor costs by implementing robotic automation. Furthermore, the semiconductor industry reported a 50% gain in production capacity after deploying advanced automation systems, along with a reduction in error rates from 1.5% to 0.1%.

 

Market Restraint: High Initial Investment and Implementation Complexity

The considerable capital requirements for installing industrial automation systems are a big challenge, especially for small and medium-sized businesses. Initial setup expenses for extensive automation systems can range from $100,000 to several million dollars, depending on the scope and complexity of the installation. Technical skill needs and integration hurdles exacerbate these issues.

 

3. Segment Overview

The Hardware segment dominates the industrial automation market, accounting for YY% of the total market share.

The hardware component category retains its leadership position due to the critical importance of physical automation equipment in manufacturing processes. FANUC Corporation has recently introduced new robotic solutions for car assembly lines that offer improved precision and flexibility. These technologies achieved a 40% increase in assembly speed while retaining 99.99% accuracy.


The area has seen tremendous increase in the usage of smart sensors and actuators, with the global smart sensor market for industrial automation expected to reach $12 billion by 2023. Major manufacturers have reported a 60% rise in demand for IIoT-enabled hardware components, primarily in precision manufacturing applications. The semiconductor industry has made a significant contribution, with investments in automation hardware increasing by 35% year on year.

 

4. Regional Outlook

Asia-Pacific leads the global industrial automation market, with China accounting for YY% of the regional market share.

The region's dominance is due to increased industrialization, government measures fostering smart manufacturing, and rising labor costs, which drive automation adoption. China's "Made in China 2025" project has set aside $3 billion for industrial automation upgrades, and Japan's manufacturing sector has attained a 75% automation rate in key industries.
South Korea's electronics manufacturing industry has seen a 45% increase in automation spending, with key corporations deploying completely automated production lines. In 2023 alone, the region saw more than 1,000 new industrial robot deployments.

India's automation market has risen at a 15% annual rate, with the automobile sector leading in adoption. Manufacturing facilities in the region have reported productivity increases of up to 40% following automation deployment.

Japanese industrial automation providers have secured contracts worth $2.5 billion for automation projects across Asia-Pacific, indicating strong regional growth momentum.

 

5. Competitive Intelligence

The industrial automation market is highly competitive, with significant competitors such as Siemens, ABB, and Honeywell. According to a recent our market survey, Siemens maintains a YY% global market share, with ABB following at YY%. Strategic alliances and acquisitions have been important growth drivers, with more than $10 billion in M&A activity expected in 2023. Companies are actively investing in R&D, with average investment approaching 8% of yearly revenue. The emphasis has turned to creating integrated systems that incorporate hardware, software, and services. Major players have extended their digital services, and cloud-based automation solutions are growing at a 25% annual rate. Market leaders reported an average revenue growth of 12% in their automation divisions.

 

6. Analyst Opinion

The industrial automation market is undergoing a significant shift, fueled by digital technology and Industry 4.0 efforts. The confluence of IT and OT systems, together with the rise of edge computing and 5G connectivity, is opening up unprecedented prospects for automation advancement. The industry is likely to see increased use of collaborative robots and AI-powered control systems, particularly in formerly under-automated industries.

 

7. Major Players

  • Accuron Technologies
  • Automi AI
  • B&R
  • Danaher
  • Emerson
  • FANUC America Corporation
  • General Electric
  • Honeywell
  • Mitsubishi Electric
  • Omron Automation

 

8. Key Developments

  • October 2023: FANUC Corporation launched a new series of collaborative robots with enhanced AI capabilities
  • September 2023: Honeywell introduced an advanced process control system with integrated machine learning features
Table of Content

1. INTRODUCTION

    1.1. Market Definitions & Study Assumptions

    1.2. Market Research Scope & Segment

    1.3. Research Methodology

 

2. EXECUTIVE SUMMARY

    2.1. Market Overview & Insights

    2.2. Segment Outlook

    2.3. Region Outlook

 

3. COMPETITIVE INTELLIGENCE

    3.1. Companies Financial Position

    3.2. Company Benchmarking -- Key Players

    3.3. Market Share Analysis -- Key Companies

    3.4. Recent Companies Key Activities

    3.5. Pricing Analysis

    3.6. SWOT Analysis

 

4. COMPANY PROFILES (KEY COMPANIES LIST BY COUNTRY) (PREMIUM)

 

5. COMPANY PROFILES

    5.1. Accuron Technologies

    5.2. Automi AI

    5.3. B&R

    5.4. Danaher

    5.5. Electrotek

    5.6. Elaratech Automation

    5.7. Emerson

    5.8. FANUC America Corporation

    5.9. Festo

    5.10. Flexciton (*LIST NOT EXHAUSTIVE)

 

6. MARKET DYNAMICS

    6.1. Market Trends

        6.1.1. Rising Adoption of Industrial Robots

        6.1.2. Integration of AI and Machine Learning in Automation

        6.1.3. Growth of Smart Manufacturing Solutions

    6.2. Market Drivers

        6.2.1. Increasing Need for Operational Efficiency

        6.2.2. Rising Labor Costs and Workforce Shortages

        6.2.3. Growing Demand for Quality Control and Consistency

    6.3. Market Restraints

        6.3.1. High Initial Investment Costs

        6.3.2. Cybersecurity Concerns in Connected Systems

    6.4. Market Opportunities

    6.5. Porter's Five Forces Analysis

        6.5.1. Threat of New Entrants

        6.5.2. Bargaining Power of Buyers/Consumers

        6.5.3. Bargaining Power of Suppliers

        6.5.4. Threat of Substitute Products

        6.5.5. Intensity of Competitive Rivalry

    6.6. Supply Chain Analysis

    6.7. Value Chain Analysis

    6.8. Trade Analysis

    6.9. Pricing Analysis

    6.10. Regulatory Analysis

    6.11. Patent Analysis

    6.12. SWOT Analysis

    6.13. PESTLE Analysis

 

7. BY COMPONENT (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    7.1. Hardware

        7.1.1. Motor

        7.1.2. Drive

        7.1.3. Sensors

        7.1.4. Safety Light Curtain

        7.1.5. Robots

        7.1.6. Others

    7.2. Software

    7.3. Services

 

8. BY SYSTEM (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    8.1. Distributed Control System

    8.2. Human-Machine Interface

    8.3. Industrial Robots

    8.4. Machine Vision Systems

    8.5. Manufacturing Execution Systems (MES)

    8.6. Programmable Logic Controller (PLC)

    8.7. Supervisory Control and Data Acquisition (SCADA)

    8.8. Others

 

9. BY MODE OF AUTOMATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    9.1. Fixed

    9.2. Programmable

    9.3. Integrated

    9.4. Flexible

 

10. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    10.1. Automotive

    10.2. Chemicals & Petrochemicals

    10.3. Electronics & Semiconductors

    10.4. Food & Beverage

    10.5. Mining & Metals

    10.6. Oil & Gas

    10.7. Pharmaceuticals

    10.8. Power Generation

    10.9. Pulp & Paper

    10.10. Water and Wastewater

 

11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    11.1. North America

        11.1.1. United States

        11.1.2. Canada

        11.1.3. Mexico

    11.2. South America

        11.2.1. Brazil

        11.2.2. Argentina

        11.2.3. Rest of South America

    11.3. Europe

        11.3.1. Germany

        11.3.2. United Kingdom

        11.3.3. France

        11.3.4. Italy

        11.3.5. Spain

        11.3.6. Russia

        11.3.7. Rest of Europe

    11.4. Asia-Pacific

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia

        11.4.5. South Korea

        11.4.6. Rest of Asia-Pacific

    11.5. Middle-East

        11.5.1. UAE

        11.5.2. Saudi Arabia

        11.5.3. Turkey

        11.5.4. Rest of Middle East

    11.6. Africa

        11.6.1. South Africa

        11.6.2. Egypt

        11.6.3. Rest of Africa

 

*NOTE: All the region mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

Scope of the Report

By Component:

  • Hardware
    • Photoelectric
    • Laser
    • Inductive
    • Motor
      • AC
      • DC
      • Servo
    • PLC
    • Sensors
    • HMI
    • Safety Light Curtain
    • Robots
  • Software
  • Services

By System:

  • Distributed Control System
  • Human-Machine Interface
  • Industrial Robots
  • Machine Vision Systems
  • Manufacturing Execution Systems
  • Programmable Logic Controller
  • Supervisory Control and Data Acquisition
  • Others

By Mode of Automation:

  • Flexible
  • Fixed
  • Integrated
  • Programmable

By End-User:

  • Automotive
  • Chemicals & Petrochemicals
  • Electronics & Semiconductors
  • Food & Beverage
  • Mining & Metals
  • Oil & Gas
  • Pharmaceuticals
  • Power Generation
  • Pulp & Paper
  • Water and Wastewater
  • Others

Frequently Asked Questions

We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.

At aurorawaveintellects.com, we believe that every industry is important to us. Our extensive team of analysts give equal focus to various industries in order to cater to our client needs, some of them being – Healthcare & Pharma, Medical, Automotive, Electric, Chemical, Manufacturing, Energy & Power, Consumer Goods etc.
Our core expertise lies in gaining deeper insights from reliable and trusted voices in the market. We always analyse market trends over the course of multiple years and examine which topics are most relevant to our clients. We pay a great deal of attention to emerging trends, niche technologies, and the latest innovations and research to bring out the best that we can offer.
We understand that every client is different and so is their requirement. While we try to gauge our clients’ needs, we are unable to cover every possible angle of a market in an off-the-shelf report. Hence, we also provide customization options to our reports to suit your needs. If you would like to know what information we can provide about a particular topic, please get in touch with us at info@aurorawaveintellects.com.
Our Research Reports give insights into a gamut of qualitative and quantitative topics. Every Research Report contains the following: • Market landscape • Market size • Market segmentation • Market drivers, challenges, and trends • Vendor landscape For more detail on what a specific report contains, click on report details to know more. If you would like to know what information we can provide about a particular topic, please get in touch with us at info@aurorawaveintellects.com
Our Research Reports are frequently updated with new data and predictions. We also have reports from previous years for specific topics. If you need help, contact us at info@aurorawaveintellects.com and we will be happy to assist you for your query.

We at aurorawaveintellects.com offer mainly 3 types of licenses:

• Single User: Research Report copy can be distributed to a single user only

• Multi User: Research Report distribution is restricted up to 5 users.

• Corporate License :Research Report can be distributed across the company.

Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:

• PDF

• Word Document

• PPT

To purchase a research report, you can browse through various categories, industries or topics and choose a particular report. Next, choose a license type and add the report to your cart. Then simply check out and complete the payment transaction and your report will be delivered to your inbox via email..

Following modes are available for making the payment:

• Online Payment (Visa Card, Master Card, Stripe)

• Razorpay

• Net Banking

• Bank Wire Transfer

At Research Reports Inc., we believe in providing the best value and offering competitive pricing to our customers to reflect that value. However, if you would still like to find out about discounts and offers, please get in touch with us at info@aurorawaveintellects.com.
Yes, you can purchase individual sections of the report. Please get in touch with us at info@aurorawaveintellects.com with your specific request, and we will support you accordingly.
As soon as the purchase process is over and the payment transaction is complete, you will receive the receipt via email.
The purchased Research Report is delivered to your registered email address within 48 hours of receipt of payment. If in case you did not, please check your spam folder. If you still haven’t received it, please get in touch with us at info@aurorawaveintellects.com
If you would like to receive a hard copy of the report, please get in touch with us at info@aurorawaveintellects.com with details about your purchase and we will process the same.
At aurorawaveintellects.com, we offer strong after-sales support with every purchase. Feel free to call us or email us with your queries and we will ensure they are addressed appropriately.
The Research Reports we provide are designed to cater to all market participants across the value chain. However, we do understand that every report may or may not meet the exact client requirement. For any specific change or customization in the report, please get in touch with us at info@aurorawaveintellects.com with your specific request, and we will support you accordingly.

Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:

• Email: info@aurorawaveintellects.com

• United Kingdom: ++91 7382742511