According to the research report, the global industrial control & factory automation market was valued at USD 137.34 billion in 2021 and is expected to reach USD 277.3 billion by 2030, to grow at a CAGR of 8.2% during the forecast period.
Market Overview:
The Industrial Control & Factory Automation market is at the forefront of modernizing manufacturing processes by integrating advanced technologies such as robotics, artificial intelligence (AI), Internet of Things (IoT), and cloud computing. This market focuses on optimizing production efficiency, reducing operational costs, and improving overall quality through automation and digitalization.
Industrial control systems, including Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), and Human-Machine Interfaces (HMIs), play a crucial role in automating processes across various industries such as automotive, electronics, food & beverage, pharmaceuticals, and oil & gas. The increasing adoption of smart factories and Industry 4.0 initiatives is driving the demand for intelligent automation solutions to enhance productivity and competitiveness.
Market Growth Drivers:
Several key factors are propelling the growth of the industrial control & factory automation market:
- Increasing Adoption of Industry 4.0: The shift towards smart manufacturing and digital transformation is driving the demand for connected and automated solutions to enhance productivity.
- Advancements in Robotics and AI: The integration of artificial intelligence, machine learning, and robotics in industrial processes is significantly improving efficiency, accuracy, and predictive maintenance.
- Growing Demand for Energy Efficiency: Automated control systems help optimize energy consumption and reduce waste, making them crucial for industries aiming for sustainable operations.
- Rising Need for Operational Safety and Security: Automation minimizes human intervention in hazardous environments, ensuring worker safety and reducing the risk of industrial accidents.
- Expansion of IoT and Cloud Computing: The integration of IoT-enabled sensors and cloud-based analytics is enabling real-time monitoring, remote control, and predictive maintenance of industrial equipment.
- Government Initiatives and Smart Factory Investments: Supportive policies and investments in smart factories are accelerating the adoption of industrial automation solutions across various regions.
Major Key Players:
- 3D Systems
- ABB Limited
- Dwyer
- Emerson Electric Company
- Endress + Hauser
- Fanuc
- General Electric
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Omron
- Rockwell Automation
- Schneider Electric SE
- Siemens
- Stratasys
- Wika
- Yokogawa Electric Corporation
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
Recent Developments:
- September 2022: Mitsubishi Electric Corporation partnered with Toshiba Mitsubishi-Electric Industrial System Corporation (TMEIC) to develop an advanced electric motor design equipped with artificial intelligence (AI). This innovation aims to significantly reduce the time required for electric motor development while enhancing efficiency and performance.
- April 2021: Siemens and Google Cloud announced a strategic collaboration to optimize factory processes and enhance productivity. This partnership focuses on simplifying the deployment of artificial intelligence (AI) on the shop floor, enabling manufacturers to improve operational efficiency and overall product quality.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Industrial Control & Factory Automation Market, Component Outlook (Revenue – USD Billion, 2018 – 2030)
- Industrial Robots
- Machine Vision
- Process Analyzer
- Field Instruments
- Human Machine Interface
- Industrial PC
- Industrial Sensors
- Industrial 3D Printing
- Vibration Monitoring
Industrial Control & Factory Automation Market, Solution Outlook (Revenue – USD Billion, 2018 – 2030)
- SCADA
- PLC
- DCS
- MES
- Industrial Safety
- PAM
Industrial Control & Factory Automation Market, Industry Outlook (Revenue – USD Billion, 2018 – 2030)
- Process Industry
- Oil & GAS
- Chemical
- Pulp & Paper
- Pharmaceutical
- Metals & mining
- Food & Beverages
- Energy & Power
- Discrete Industry
- Automotive
- Machine manufacturing
- Semiconductor & Electronics
- Aerospace & Defense
- Medical device
The Industrial Control & Factory Automation market is rapidly evolving as industries continue to embrace digital transformation and smart manufacturing solutions. The increasing integration of AI, IoT, robotics, and cloud computing is revolutionizing industrial processes, leading to improved efficiency, cost savings, and enhanced safety. As automation continues to play a pivotal role in modern manufacturing, companies investing in innovative and scalable automation solutions will be well-positioned to thrive in an increasingly competitive landscape. The future of industrial automation will be defined by intelligent, connected, and autonomous systems that drive sustainable and efficient industrial operations.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: