[303 Pages Report] Industrial automation has transformed the factory floor and the economics of several manufacturing companies. Automation, artificial intelligence, and machine learning breakthroughs are allowing computers to surpass people in a variety of work capacities that involve intellectual talents.
| Data Points | Key Statistics |
|---|---|
| Factory Automation and Industrial Controls Market Value 2022 | US$ 130.84 Billion |
| Factory Automation and Industrial Controls Market Projected Value (2032) | US$ 216.65 Billion |
| Factory Automation and Industrial Controls Market CAGR (2022-2032) | 5.2% |
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The North American factory automation and industrial controls industry is estimated to grow at a CAGR during the projected period. Coronavirus outbreaks are also driving enterprises to depend increasingly on technology and digitalization for long-term processes to mitigate the cost effect of pandemics and other possible economic issues.
Factories are limiting social contact and erecting technological boundaries between employees to preserve them from illness, which is projected to increase the demand for automated devices and systems. By expanding their level of automation, North American firms in all sectors are laying the groundwork for automated processes.
Initiatives such as the Industrial Automation Collaboration are progressively being developed to encourage regional businesses, academics, and the federal government to engage in future automation technology. The Canadian government established Automate Canada, a global cluster of enterprises focusing on factory automation solutions. It has already committed USD 230 million to assist with the automation of Ontario's industrial industry.
Europe is predicted to account for a significant portion of the worldwide industrial automation marketplace. Because of increased spending in research & development operations and solution acceptance in the region.
Principal Consultant
During the anticipated period, Asia Pacific is projected to expand at a higher pace. The increasing number of industrial automation market participants across geographies is projected to fuel market expansion even more.
Furthermore, leading suppliers' growing expenditures on product capabilities and company growth are likely to fuel the market throughout the research period. Various traders and investors are discovering profitable prospects in growing economies such as China and India, where enormous populations are combined with innovative developments in a variety of industries.
The new era of digitization is here. Key actors are opening up an unlimited number of new opportunities for companies, governments, and communities seeking to construct a more agile, digital, resilient, and sustainable future.
Imagine re-designing your physical processes in real-time, optimizing for efficiency, productivity, and safety, and then putting it all into motion with the press of a button, operating more efficiently and satisfying both commercial and sustainability objectives while ensuring operational continuity.
Companies are assisting clients in improving operating efficiency and decreasing carbon emissions and waste. Consider the effects of a faulty vaccination batch at a medical production facility. Furthermore, from the squandered components, the energy needed to make the batch was also wasted. Quality and efficiency gain from doing things well the first time around, reducing waste and the need to eliminate bad items retrospectively.
Automation refers to the use of information technology in combination with mechanical technology for manufacturing processes to create an efficient and smart manufacturing infrastructure. Factory automation & industrial control systems can help in decreasing the operational cost of manufacturing. They also help in standardizing the manufacturing process for improving quality. The initial front-end cost of the setup is high.
However, in the long run, investment in automation can help any firm save on manpower costs by reducing labor in factories and quality control and auditing and minimizing the cost of rework as robots are highly effective and low on errors. The use of automation also increases the goodwill of the company as the end product almost always has a quality finish.
Due to high capital expenditure and backlash from worker unions, the penetration of factory automation and industrial controls is not growing at an expected pace. Since the developed nations, especially the US and Europe, are witnessing a slowdown, the sales of most of the traditional manufacturing companies have slowed down too. This is precisely why many companies are in two minds regarding the decision to invest in automation.
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The global demand for factory automation and industrial controls is projected to increase at a CAGR of 5.2% during the forecast period between 2022 and 2032, reaching a total of US$ 216.65 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 4.8%.
Over the past few years, some innovations have certainly witnessed novel developments in the industrial automation market. Such as the development of programmable logic controller (PLC) developed by Dick Morley and others – was designed to replace relay logic; it generated growth in applications where custom logic was tough to execute and change. The PLC was a lot more dependable than relay contacts and much easier to program and reprogram.
As per the recent analysis by Future Market Insights, Industrial automation is projected to showcase exponential growth with technology related to new inflection points: nanotechnology and nanoscale assembly systems; MEMS and nanotech sensors (tiny, low-power, low-cost sensors) that can measure everything and anything; and the pervasive Internet, machine to machine (M2M) networking.
Growing Need for Increased Productivity is projected to Spur Demand for Automation and Industrial Controls
The main factor behind the growth of the factory automation & industrial controls market is the growing use of automation in industries. The growing need to use better technology equipment to gain better results is leading to the growth of the factory automation and industrial controls market.
Products made using automation not only have improved quality but are also produced at a decreased operational cost, increasing the overall profitability margin of the product. Automation also helps in saving energy. Other factors promoting the growth of factory automation & industrial controls market are the need for high yield and production, scarcity of labor, and enhanced focus on increasing efficiency and accuracy to achieve high yield and productivity.
Automation has become an important component of the manufacturing, power, oil & gas, mining, railway, and shipping industries, and thus, the growth of these industries will also contribute to the growth of the global factory automation & Industrial Controls market. Moreover, government initiatives to help industries adopt new technologies will also boost the market of factory automation & industrial controls market over the forecast period.
High Initial Cost of Installation of Automation Control Units May Impede Market Growth
The high initial cost of installation of factory automation & industrial controls systems and lack of awareness regarding the quality of finished products made using automation can act as a restraint for the global factory automation & industrial controls market. Other than this, the limited availability of skilled professionals for the implementation of automation and control processes can also act as a restraint for this market.
Increased Adoption of Robotics Tools in the Automotive Industry is anticipated to enhance Growth Prospects
In terms of regional platforms, North America holds a significant market share in the Factory Automation and Industrial Controls market. The region is expected to surge at over 32.0% share in 2022 and is projected to maintain its lead over the forecast period due to the extensive applications of Factory Automation & Industrial Controls in the automotive industry. The United States & Canada account for the majority share of the regional revenue contribution.
According to a 2021 report from Oxford Economics, the United States is projected to lose more than 1.5 million jobs to automation over the next decade. The regional automotive sector has always commanded the way in employing robotics in its manufacturing processes. Key industry creators, like John Deere, are making substantial investments to integrate automated technology into their products and processes.
The region is observing snowballing robotic technology adoption. For instance, in March 2020, globally celebrated SCARA robot manufacturer, Epson Robots, collaborated with the US-based automation solutions provider, Air Automation Engineering (AAE), as part of an initiative to increase its technical support in the Midwest United States
Rising Investments in the Factory Automation are Likely to Fuel Regional Growth
According to Future Market Insights, Europe is expected to provide immense growth opportunities for Factory Automation and Industrial Controls and is expected to reach the highest share of 21% in 2022. Germany is likely to emerge as the protagonist in the regional revenue contribution.
Cobots, or collaborative robots, are gaining popularity among automakers and suppliers. These technologies are commonly smaller, have superior dexterity, and can be used safely alongside human operators. For instance, BMW relies on cobots to enhance the safety of workers within its plat and for the quality of goods and components produced. Other companies following the same include Nissan, and Ford - specifically in their Germany, plant.
Besides, the soaring investments for factory automation in the region, the end-users are also concentrating on adopting high-resolution Vision sensors for multiple inspections with a single image to create rich data for the process and quality.
To fulfill the market requirements, vendors in the region are presenting an updated version of the sensor, introducing innovative products that are built on 3D technological principles. For instance, in March 2021, Sensopart introduced a 5-megapixel sensor Visor V50 with an integrated lens and lighting for flexible detection of objects at fluctuating distances.
Increasing FDI Investments in the Emerging Economies is forecast to Augment Implementation of Industrial Control Units
As per the recent analysis by Future Market Insights, Asia Pacific is anticipated to be the highest growing region over the forecast period. Rising automotive and manufacturing industries in the Asia Pacific, especially in countries such as China, India, and Japan, are also expected to give a significant boost to the factory automation and industrial control market.
With increasing country integration or globalization, which is evident from the increase in international trade and inbound-outbound FDI, positive growth in one economy leads to positive growth in correlated economies.
An upsurge in industrial production in countries, such as China, India, and Germany and robust growth purchase manager index numbers from Australia, China, and the UK will impact the growth of end-user industries in the Asia Pacific, which in turn, will influence the demand for Factory Automation & Industrial Controls systems in the region throughout the forecast period.
The global factory automation and industrial controls market is segmented into product type, end-use industry, and regions. Based on the product type segment, the Industrial control systems subtype captures the highest share in 2022 and is expected to be the fastest growing segment of the Factory Automation and Industrial Controls market during the forecast period.
Industrial control systems demand is anticipated to upsurge owing to the soaring number of security breaches and growing implementation of cloud computing services in various industrial sectors. The necessity for continuous network and traffic behavior monitoring in the industrial sectors for detecting anomalies in networks about cyber-attacks is offering significant growth opportunities for the ICS segment.
Swelling demand for digitization, connectivity, and ground-breaking technologies are further contributing to the ICS segment’s growth. The industrial control systems sector has massive potential to expand due to the industrial internet, greater operator experiences, and user interface.
Extensive investments by industries in the R&D of industrial control systems, and growing smart grid deployments for the protection of critical infrastructure from cyber-attacks are creating significant growth opportunities for the ICS market growth.
In addition, the growing demand for cloud services is offering tremendous scope for the industry. Organizations are incessantly innovating solutions to help improvise the control and monitoring techniques for the systems which is providing real-time visibility to determine suspicious behavior and take the required action. As the occurrence of cyber-attacks on critical infrastructure is heightening day by day, the industry is projected to gain momentum over the coming years.
There are many prominent market players in the Factory Automation and Industrial Controls market, who are working hand-in-hand to provide the best-in-class Factory Automation and Industrial Controls for enhancing the global analytics arena.
However, many global start-ups in the Factory Automation and Industrial Controls market are stepping forward in matching the requirements of the Factory Automation and Industrial Controls domain.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022-2032 |
| Market Value in 2022 | US$ 130.84 Billion |
| Market Value in 2032 | US$ 216.65 Billion |
| Base Year for Estimates | 2021 |
| Historical Data | 2017-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Report Customization | Available upon Request |
As of 2022, the factory automation and industrial controls market is slated to reach a valuation of US$ 130.84 Billion
From 2022-2032, demand for factory automation and industrial controls is expected to grow at a 5.2% CAGR
By 2032, Future Market Insights expects the factory automation and industrial controls market to reach US$ 216.65 Billion
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2016-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Product, 2016-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Product, 2022-2032
5.3.1. Field devices
5.3.2. Industrial Control Systems
5.3.3. Manufacturing Execution Systems
5.3.4. Enterprise Resource Planning
5.3.5. Product Lifecycle Management
5.4. Y-o-Y Growth Trend Analysis By Product, 2016-2021
5.5. Absolute $ Opportunity Analysis By Product, 2022-2032
6. Global Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By End-User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By End-User, 2016-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End-User, 2022-2032
6.3.1. Automotive
6.3.2. Oil & Gas
6.3.3. Plastic
6.3.4. Power
6.3.5. Chemical & Petrochemical
6.3.6. Mining & Metals
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By End-User, 2016-2021
6.5. Absolute $ Opportunity Analysis By End-User, 2022-2032
7. Global Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2016-2021
7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By End-User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By End-User
8.4. Key Takeaways
9. Latin America Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By End-User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By End-User
9.4. Key Takeaways
10. Europe Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product
10.2.3. By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By End-User
10.4. Key Takeaways
11. Asia Pacific Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. Rest of Asia Pacific
11.2.2. By Product
11.2.3. By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By End-User
11.4. Key Takeaways
12. MEA Factory Automation And Industrial Controls Market Analysis 2016-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Product
12.2.3. By End-User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By End-User
12.4. Key Takeaways
13. Key Countries Factory Automation And Industrial Controls Market Analysis
13.1. U.K.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Product
13.1.2.2. By End-User
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Product
13.2.2.2. By End-User
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Product
13.3.2.2. By End-User
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Product
13.4.2.2. By End-User
13.5. Rest of Latin America
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Product
13.5.2.2. By End-User
13.6. Germany
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Product
13.6.2.2. By End-User
13.7. U.K.
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Product
13.7.2.2. By End-User
13.8. France
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Product
13.8.2.2. By End-User
13.9. Spain
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Product
13.9.2.2. By End-User
13.10. Italy
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Product
13.10.2.2. By End-User
13.11. Rest of Europe
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Product
13.11.2.2. By End-User
13.12. China
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Product
13.12.2.2. By End-User
13.13. Japan
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Product
13.13.2.2. By End-User
13.14. South Korea
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Product
13.14.2.2. By End-User
13.15. Malaysia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Product
13.15.2.2. By End-User
13.16. Singapore
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Product
13.16.2.2. By End-User
13.17. Australia
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Product
13.17.2.2. By End-User
13.18. Rest of Asia Pacific
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Product
13.18.2.2. By End-User
13.19. GCC Countries
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Product
13.19.2.2. By End-User
13.20. South Africa
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Product
13.20.2.2. By End-User
13.21. Israel
13.21.1. Pricing Analysis
13.21.2. Market Share Analysis, 2021
13.21.2.1. By Product
13.21.2.2. By End-User
13.22. Rest of MEA
13.22.1. Pricing Analysis
13.22.2. Market Share Analysis, 2021
13.22.2.1. By Product
13.22.2.2. By End-User
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product
14.3.3. By End-User
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Honeywell International Inc.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. ABB Ltd
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Siemens AG
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Aspen Technology Inc.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. Emerson Electric Company
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. Bosch Automation
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. Rockwell Automation, Inc.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. Schneider Electric
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. General Electric Co
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. Mitsubishi Electric Corporation
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.11. Yokogawa Electric Corporation
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Factory Automation And Industrial Controls Market
