Factory Automation Market Size, Share, and Analysis, By Components (Sensors, Controllers, Switches & Relays, Industrial Robots, and Others), By Control and Safety Systems (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Systems Instrumented Systems (SIS), Programmable Logic Controller (PLC), and Human Machine Interface (HMI)), By Industry (Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

October 2024 | 580 pages | ID: F1F1740319C7EN
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Factory Automation Market Size, Share, and Analysis, By Components (Sensors, Controllers, Switches & Relays, Industrial Robots, and Others), By Control and Safety Systems (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Systems Instrumented Systems (SIS), Programmable Logic Controller (PLC), and Human Machine Interface (HMI)), By Industry (Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Factory Automation Market is anticipated t%li%grow at a CAGR of 8.4% in the forecast period (2024-2034), with the market size valued at USD 314.2 billion in 2023 and projected t%li%reach USD 761.7 billion by 2034.

Factory automation means the utilization of control systems and technology t%li%streamline and improve industrial processes, therefore reducing the need for human workforce. It covers a wide range of automation technologies, including robots’ programmable logic controllers (PLCs), and computer numerical control (CNC) systems. Businesses that utilize factory automation can increase productivity, improve product quality, and save operational expenses. Automation systems enable tasks t%li%be performed with better precision, consistency, and speed compared t%li%manual labour, resulting in higher efficiency and output. Automation helps in providing better analysis and allowing for real-time monitoring with decision-making t%li%improve production processes. Overall, factory automation has played an important role in modern production, allowing companies t%li%fulfil the increased demands for efficiency, flexibility, and competitiveness.

MARKET HIGHLIGHTS

Factory Automation Market is anticipated t%li%reach USD 761.7 billion, growing at a CAGR of 8.4% during the forecast period due t%li%the increasing demand for enhanced productivity and efficiency across industries promoting the adoption of automation technologies t%li%streamline processes and minimize any form of human error. The ongoing trend of cost reduction and resource optimization motivates organizations t%li%invest in automation solutions. In addition, the necessity for flexibility and adaptability in manufacturing t%li%satisfy changing consumer needs accelerates automation adoption even faster. In future, the factory automation is expected t%li%be t%li%be defined by continued innovation, better integration of automation technologies, and expanded applications across several industries, resulting in sustained market development.

Factory Automation Market Segments:
  • By Component
  • Sensors
  • Controllers
  • Switches & Relays
  • Industrial Robots
  • Others
  • By Control and Safety System
  • Distributed Control System (DCS)
  • Supervisory Control and Data Acquisition System (SCADA)
  • Manufacturing Execution System (MES)
  • Systems Instrumented Systems (SIS)
  • Programmable Logic Controller (PLC)
  • Human Machine Interface (HMI)
  • By Industry
  • Automotive Manufacturing
  • Food & Beverage
  • Oil & Gas Processing
  • Mining
  • Others
MARKET DYNAMICS

Growth Drivers

Increasing Demand for Efficiency and Productivity has impelled market growth

Rising Labour Costs Has Accelerated the Adoption of Factory Automation Devices

Restraint

Complexity of Integration of Automated Systems acts as a major challenge for the market

Key Players
  • ABB Ltd.
  • Honeywell International Inc.
  • Schneider Electric SE
  • Siemens AG
  • Rockwell Automation, Inc.
  • General Electric Company
  • Mitsubishi Electric Corporation
  • Emerson Electric Co.
  • Omron Corporation
  • Fanuc Corporation
  • Yokogawa Electric Corporation
  • Bosch Rexroth AG
  • Keyence Corporation
  • Toshiba Machine Co., Ltd.
  • Yaskawa Electric Corporation
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Factory Automation Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Factory Automation Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.FACTORY AUTOMATION MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.FACTORY AUTOMATION MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. FACTORY AUTOMATION MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1.By Components
    11.3.1.1. Sensors
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Controllers
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Switches & Relays
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Industrial Robots
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Others
      11.3.1.5.1. By Value (USD Million) 2024-2034F
      11.3.1.5.2.Market Share (%) 2024-2034F
      11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Control and Safety Systems
    11.3.2.1.Distributed Control System (DCS)
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Supervisory Control and Data Acquisition System (SCADA)
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Manufacturing Execution System (MES)
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Systems Instrumented Systems (SIS)
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.5. Programmable Logic Controller (PLC)
      11.3.2.5.1.By Value (USD Million) 2024-2034F
      11.3.2.5.2. Market Share (%) 2024-2034F
      11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.6. Human Machine Interface (HMI)
      11.3.2.6.1.By Value (USD Million) 2024-2034F
      11.3.2.6.2. Market Share (%) 2024-2034F
      11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Industry
    11.3.3.1.Automotive Manufacturing
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Food & Beverage
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Oil & Gas Processing
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Mining
      11.3.3.4.1.By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.5. Others
      11.3.3.5.1.By Value (USD Million) 2024-2034F
      11.3.3.5.2. Market Share (%) 2024-2034F
      11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA FACTORY AUTOMATION MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Components
  12.3.2. By Control and Safety Systems
  12.3.3. By Industry
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE FACTORY AUTOMATION MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Components
  13.3.2. By Control and Safety Systems
  13.3.3. By Industry
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC FACTORY AUTOMATION MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Components
  14.3.2. By Control and Safety Systems
  14.3.3. By Industry
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA FACTORY AUTOMATION MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Components
  15.3.2. By Control and Safety Systems
  15.3.3. By Industry
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA FACTORY AUTOMATION MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Components
  16.3.2. By Control and Safety Systems
  16.3.3. By Industry
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. ABB Ltd.
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Honeywell International Inc.
18.3.Schneider Electric SE
18.4.Siemens AG
18.5.Rockwell Automation, Inc.
18.6.General Electric Company
18.7.Mitsubishi Electric Corporation
18.8.Emerson Electric Co.
18.9.Omron Corporation
18.10.Fanuc Corporation
18.11. Yokogawa Electric Corporation
18.12.Bosch Rexroth AG
18.13.Keyence Corporation
18.14.Toshiba Machine Co., Ltd.
18.15.Yaskawa Electric Corporation
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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