REPORT SCOPE & OVERVIEW
The Industrial Automation Market size was estimated at USD 206.85 Billion in 2022 and is expected to reach USD 433.8 Billion by 2030 at a CAGR of 9.7% during the forecast period of 2023-2030.
We looked at the solutions provided by market participants like Emerson Electric Co. in the study report. Industrial 1/0, motion control, automation/control software, panels, industrial PCs, industrial web panels, and industrial monitors are a few examples of automation solutions. Similarly, control systems, turbocharging, and programmable logic controllers are among ABB's automation offerings. The introduction of 5G wireless technology and Industry 4.0's expanding acceptance are driving up demand for automation solutions across industries. The growth of the worldwide industrial automation market is anticipated to be significantly influenced by developments in augmented reality (AR), digital twins, digitalization, and industrial IoT.
The digital supply chain across industries has changed as a result of Industry 4.0. Organizations are compelled to embrace Industry 4.0 by customers' evolving needs, such as fast and personalized services. The market participants collaborate with tech-savvy businesses to provide innovative solutions based on rapidly evolving technologies. The partnership intends to assist firms in hastening the process of digital transformation. Similar to this, Siemens and SAP SE worked together to provide businesses with industry 4.0-enabled business processes. These procedures will make it possible to create a digital thread that spans the entire product lifecycle.
Companies are concentrating on using 5G, industry 4.0, digital transformation, and software capabilities through such partnerships and collaborations in order to help manufacturers scale up their businesses and realize the potential of industry 4.0 technologies and solutions. In the upcoming years, it is projected that these alliances and collaborations will increase demand for automation solutions across industries.
MARKET DYNAMICS
DRIVERS
Operational efficiency in automation increases production effectiveness, lowers manual errors, and boosts the speed and consistency of all processes.
Cost By reducing labor costs, increasing resource efficiency, and reducing downtime, a reduction in automation can result in cost savings.
By reducing differences and deviations, quality improvement in automation helps maintain consistent product quality.
RESTRAIN
Integration challenges, a significant initial investment.
Change resistance
OPPORTUNITY
Customized Solutions where opportunities to stand out by providing automation solutions that are specially designed for particular markets and uses.
Small and Medium-Sized Businesses have automation technologies become more accessible and affordable, and there is an increasing trend toward SMEs adopting automation.
CHALLENGES
Cybersecurity issues are complex.
Change Management, Upkeep, and Improvements
IMPACT OF RUSSIAN RUSSIAN-UKRAINE WAR
Additionally, many Russian businesses have lost automation and IT specialists as a result of the situation in Ukraine, which has an effect on the accessibility of automation solutions for manufacturing processes. The impact of Western sanctions on Russian automation systems. Two categories can be used to categorize Russian industry. The first is process automation, which encompasses mining, metalworking, and oil and gas. The second segment consists of distinct businesses like the automobile and food and beverage sectors. On the global market for automation systems, Russia holds a roughly 3.5 percent share for process automation and a roughly 1.7 percent share for discrete automation systems.
GSMSG first assembled a 10-person combat surgery team, which reached Ukraine nine days after Russia invaded. Their mission was to train any interested and capable Ukrainian citizen in combat casualty care, to provide combat trauma care training and surgical support to the civilian Ukrainian medical system, and to provide combat care training to Ukrainian military personnel and military physicians. GSMSG rotated additional teams of surgeons with experience in trauma, surgical critical care, burn, plastics, orthopedics, vascular, and neurosurgery. GSMSG rotated additional teams of surgeons with experience in trauma, surgical critical care, burn, plastics, orthopedics, vascular, and neurosurgery. GSMSG also created a collaboration with the Ukrainian Armed Forces, Ukrainian Special Operations Forces (UKRSOF), and Ukrainian Special Surgical Groups, with the support of the Ukrainian Ministry of Defense and Ministry of Health, to offer damage control surgery as close to the scene as possible. as 0.5 kilometers from active action with Russian forces. Since their arrival in Ukraine, GSMSG team members have trained over 20,000 Ukrainian civilians and military personnel. They have also provided surgical support to over 300 patients, some of whom are within 10 kilometers of the battle lines.
IMPACT OF ONGOING RECESSION
By 2025, medium-sized and large businesses across 16 industries and 27 economies will experience a loss of 80–85 million jobs as a result of automation and a new division of labor between humans and machines. Jobs in administrative support, accounting, and data entry are becoming less in demand as automation and digitization in the workplace increase. Additionally, 50% of companies believe that some internal functions will be automated more quickly. More than 80% of business executives are expanding initiatives to embrace new technology and digitize business processes. According to a survey of businesses, 33% would hire more people as a result of technological integration, 42% would hire more contractors for job-specific labor, and 44% would strive to reduce employees.
KEY SEGMENTS
By Components
Hardware
Photoelectric
Laser
Inductive
Others
Motor
AC
DC
Drive
Sensors
PLC
HMI
Servo
Laser Markers
Safety Light Curtain
Robots
Software
By Industry
Discrete Automation
Automotive
Electronics
Heavy Manufacturing
Packaging
Others
Process Automation
Oil & Gas
Chemicals
Pulp & Paper
Mining and Metals
Healthcare
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
With a 34% market share, North America is anticipated to continue to lead the industry over the forecast period. Industrial automation is used by a wide range of local businesses, including those in automotive, healthcare, manufacturing, and other sectors. Industrial automation products are also being sold on the market by large organizations. Due to the presence of leading manufacturers and innovative system providers in growing countries like China, Japan, India, and South Korea, the Asia-Pacific region is expected to grow at the quickest rate throughout the forecast period.
Key Players
The major Key players are 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, and others.
RECENT DEVELOPMENT
ABB Ltd: In February 2022, For Scania's new highly automated battery assembly plant in Sweden, ABB and Scania have decided to provide a whole range of robotic technologies. This new plant will be a significant milestone in Scania's effort to electrify large trucks. Several ABB robots, including the IRB 390, IRB 4600, and IRB 6700 models, will be used in the assembly process, along with additional machinery to speed up production. IRB 390 from ABB will be used for the first time. A battery production plant has used a robot.
| Report Attributes | Details |
| Market Size in 2022 | US$ 206.85 Bn |
| Market Size by 2030 | US$ 433.8 Bn |
| CAGR | CAGR of 10.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Components (Hardware, Photoelectric, Laser, Inductive, Others, Motor, AC, DC, Drive, Sensors, PLC, HMI, Servo, Laser Markers, Safety Light Curtain, Robots, Software) • By Industry (Discrete Automation, Automotive, Electronics, Heavy Manufacturing, Packaging, Others, Process Automation, Oil and gas, Chemicals, Pulp and paper, Mining and Metals, Healthcare, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | 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 |
| Key Drivers | • Operational efficiency in automation increases production effectiveness, lowers manual errors, and boosts the speed and consistency of all processes. • Cost By reducing labor costs, increasing resource efficiency, and reducing downtime, a reduction in automation can result in cost savings. • By reducing differences and deviations, quality improvement in automation helps maintain consistent product quality. |
| Market Restraints | • Integration challenges, a significant initial investment. • Change resistance |
The Industrial Automation Market Market is expected to grow at 9.7% CAGR from 2023 to 2030.
According to our analysis, the Industrial Automation Market Market is anticipated to reach USD 433.8 billion By 2030.
The market is expanding as a result of numerous deployments of fifth-generation wireless technologies, industrial IoT, industry 4.0, smart factories, and robotics.
The leading participants the ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., and Mitsubishi Electric Corporation.
Yes, you may request customization based on your company's needs.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Automation Market, By Components
8.1 Hardware
8.2 Photoelectric
8.3 Laser
8.4 Inductive
8.5 Others
8.6 Motor
8.7 AC
8.8 DC
8.9 Drive
8.10 Sensors
8.11 PLC
8.12 HMI
8.13 Servo
8.14 Laser Markers
8.15 Safety Light Curtain
8.16 Robots
8.17 Software
9. Industrial Automation Market, By Industry
9.1 Discrete Automation
9.2 Automotive
9.3 Electronics
9.4 Heavy Manufacturing
9.5 Packaging
9.6 Others
9.7 Process Automation
9.8 Oil & Gas
9.9 Chemicals
9.10 Pulp & Paper
9.11 Mining and Metals
9.12 Healthcare
9.13 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Industrial Automation Market, by Country
10.2.2North America Industrial Automation Market, By Components
10.2.3 North America Industrial Automation Market, By Industry
10.2.4 USA
10.2.4.1 USA Industrial Automation Market, By Components
10.2.4.2 USA Industrial Automation Market, By Industry
10.2.5 Canada
10.2.5.1 Canada Industrial Automation Market, By Components
10.2.5.2 Canada Industrial Automation Market, By Industry
10.2.6 Mexico
10.2.6.1 Mexico Industrial Automation Market by Components
10.2.6.2 Mexico Industrial Automation Market by Industry
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Industrial Automation Market by Country
10.3.1.2 Eastern Europe Industrial Automation Market by Components
10.3.1.3 Eastern Europe Industrial Automation Market by Industry
10.3.1.4 Poland
10.3.1.4.1 Poland Industrial Automation Market by Components
10.3.1.4.2 Poland Industrial Automation Market by Industry
10.3.1.5 Romania
10.3.1.5.1 Romania Industrial Automation Market by Components
10.3.1.5.2 Romania Industrial Automation Market by Industry
10.3.1.6 Hungary
10.3.1.6.1 Hungary Industrial Automation Market by Components
10.3.1.6.2 Hungary Industrial Automation Market by Industry
10.3.1.7 Turkey
10.3.1.7.1 Turkey Industrial Automation Market by Components
10.3.1.7.2 Turkey Industrial Automation Market by Industry
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Industrial Automation Market by Components
10.3.1.8.2 Rest of Eastern Europe Industrial Automation Market by Industry
10.3.2 Western Europe
10.3.2.1 Western Europe Industrial Automation Market by Country
10.3.2.2 Western Europe Industrial Automation Market by Components
10.3.2.3 Western Europe Industrial Automation Market by Industry
10.3.2.4 Germany
10.3.2.4.1 Germany Industrial Automation Market by Components
10.3.2.4.2 Germany Industrial Automation Market by Industry
10.3.2.5 France
10.3.2.5.1 France Industrial Automation Market by Components
10.3.2.5.2 France Industrial Automation Market by Industry
10.3.2.6 UK
10.3.2.6.1 UK Industrial Automation Market by Components
10.3.2.6.2 UK Industrial Automation Market by Industry
10.3.2.7 Italy
10.3.2.7.1 Italy Industrial Automation Market by Components
10.3.2.7.2 Italy Industrial Automation Market by Industry
10.3.2.8 Spain
10.3.2.8.1 Spain Industrial Automation Market by Components
10.3.2.8.2 Spain Industrial Automation Market by Industry
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Industrial Automation Market by Components
10.3.2.9.2 Netherlands Industrial Automation Market by Industry
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Industrial Automation Market by Components
10.3.2.10.2 Switzerland Industrial Automation Market by Industry
10.3.2.11 Austria
10.3.2.11.1 Austria Industrial Automation Market by Components
10.3.2.11.2 Austria Industrial Automation Market by Industry
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Industrial Automation Market by Components
10.3.2.12.2 Rest of Western Europe Industrial Automation Market by Industry
10.4 Asia-Pacific 10.4.1 Asia Pacific Industrial Automation Market by Country
10.4.2 Asia Pacific Industrial Automation Market by Components
10.4.3 Asia Pacific Industrial Automation Market by Industry
10.4.4 China
10.4.4.1 China Industrial Automation Market by Components
10.4.4.2 China Industrial Automation Market by Industry
10.4.5 India
10.4.5.1 India Industrial Automation Market by Components
10.4.5.2 India Industrial Automation Market by Industry
10.4.6 Japan
10.4.6.1 Japan Industrial Automation Market by Components
10.4.6.2 Japan Industrial Automation Market by Industry
10.4.7 South Korea
10.4.7.1 South Korea Industrial Automation Market by Components
10.4.7.2 South Korea Industrial Automation Market by Industry
10.4.8 Vietnam
10.4.8.1 Vietnam Industrial Automation Market by Components
10.4.8.2 Vietnam Industrial Automation Market by Industry
10.4.9 Singapore
10.4.9.1 Singapore Industrial Automation Market by Components
10.4.9.2 Singapore Industrial Automation Market by Industry
10.4.10 Australia
10.4.10.1 Australia Industrial Automation Market by Components
10.4.10.2 Australia Industrial Automation Market by Industry
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Industrial Automation Market by Components
10.4.11.2 Rest of Asia-Pacific Industrial Automation Market by Industry
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Industrial Automation Market by Country
10.5.1.2 Middle East Industrial Automation Market by Components
10.5.1.3 Middle East Industrial Automation Market by Industry
10.5.1.4 UAE
10.5.1.4.1 UAE Industrial Automation Market by Components
10.5.1.4.2 UAE Industrial Automation Market by Industry
10.5.1.5 Egypt
10.5.1.5.1 Egypt Industrial Automation Market by Components
10.5.1.5.2 Egypt Industrial Automation Market by Industry
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Industrial Automation Market by Components
10.5.1.6.2 Saudi Arabia Industrial Automation Market by Industry
10.5.1.7 Qatar
10.5.1.7.1 Qatar Industrial Automation Market by Components
10.5.1.7.2 Qatar Industrial Automation Market by Industry
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of the Middle East Industrial Automation Market by Components
10.5.1.8.2 Rest of Middle East Industrial Automation Market by Industry
10.5.2 Africa
10.5.2.1 Africa Industrial Automation Market by Country
10.5.2.2 Africa Industrial Automation Market by Components
10.5.2.3 Africa Industrial Automation Market by Industry
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Industrial Automation Market by Components
10.5.2.4.2 Nigeria Industrial Automation Market by Industry
10.5.2.5 South Africa
10.5.2.5.1 South Africa Industrial Automation Market by Components
10.5.2.5.2 South Africa Industrial Automation Market by Industry
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Industrial Automation Market by Components
10.5.2.6.2 Rest of Africa Industrial Automation Market by Industry
10.6 Latin America
10.6.1 Latin America Industrial Automation Market by Country
10.6.2 Latin America Industrial Automation Market by Components
10.6.3 Latin America Industrial Automation Market by Industry
10.6.4 Brazil
10.6.4.1 Brazil Industrial Automation Market by Components
10.6.4.2 Brazil Industrial Automation Market by Industry
10.6.5 Argentina
10.6.5.1 Argentina Industrial Automation Market by Components
10.6.5.2 Argentina Industrial Automation Market by Industry
10.6.6 Colombia
10.6.6.1 Colombia Industrial Automation Market by Components
10.6.6.2 Colombia Industrial Automation Market by Industry
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Industrial Automation Market by Components
10.6.7.2 Rest of Latin America Industrial Automation Market by Industry
11 Company Profile
11.1 ABB Ltd.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Components/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Emerson Electric Co.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Components/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 General Electric Company
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Components/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Honeywell International Inc.
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Components/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Mitsubishi Electric Corporation
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Components/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Omron Corporation
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Components/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Rockwell Automation Inc.
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Components/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Schneider Electric SE
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Components/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Siemens AG
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Components/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Yokogawa Electric Corporation
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Components/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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