Overview and Scope
Industrial automation and control systems refer to the use of autonomous systems to control machinery and processes in numerous industries through the use of technology such as robots and computer software. It improves productivity, quality, and system performance, that lowers operational expenses.
Sizing and Forecast
The industrial automation and control systems market size has grown rapidly in recent years. It will grow from $194.38 billion in 2023 to $215.78 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to cost reduction, increasing demand for efficiency, regulatory compliance, globalization of supply chains, rise of plcs (programmable logic controllers).
The industrial automation and control systems market size is expected to see rapid growth in the next few years. It will grow to $334.49 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to industry 4.0 and iot integration, demand for flexibility and customization, cybersecurity concerns, energy efficiency requirements, integration of robotics. Major trends in the forecast period include digital transformation, cybersecurity, edge computing, cloud integration, collaborative robots, digital twins for virtual modeling.
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Segmentation & Regional Insights
The industrial automation and control systems market covered in this report is segmented –
1) By Component: HMI (Human-Machine Interface), Industrial Robots, Control Valves, Sensors, Other Component
2) By Control System: DCS (Distributed Control System), PLC (Programmable Logic Controller), SCADA (Supervisory Control And Data Acquisition)
3) By End-User Industry: Aerospace and Defense, Automotive, Chemical, Energy and Utilities, Food and Beverage, Healthcare, Manufacturing, Mining and Metal, Oil and Gas, Transportation
Asia-Pacific was the largest region in the industrial automation and control systems market in 2023 and is expected to be the fastest-growing region in the industrial automation and control systems market during the forecast period. The regions covered in the industrial automation and control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of automation is expected to propel the growth of the industrial automation and control systems market going forward. Automation describes technical applications that require less human involvement. This includes personal applications such as home automation, business process automation (BPA), and information technology automation. Industrial automation and control systems are utilized to improve precision and overall factory operations by using computer software and robotics to operate machinery and processes that substitute humans in executing specific duties. For instance, in November 2021, according to Association for Advancing Automation, Robot orders increased 67% in the second quarter of 2021 compared to the same period in 2020, indicating a return to pre-COVID-19 pandemic demand for automation in manufacturing. In Q2 2021, North American companies ordered 9,853 robots for $501 million, up from 5,196 sold in Q2 2020. Therefore, the increasing adoption of automation is driving the growth of the industrial automation and control systems market.
Key Industry Players
Major companies operating in the industrial automation and control systems market report are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Texas Instruments Inc., Robert Bosch GmbH, Fortive, Ametek EIG, Phoenix Contact GmbH & Co. KG, General Electric Company, Johnson Controls International PLC, Fanuc Corporation, Advantech Co. Ltd., Bosch Rexroth AG, Beckhoff Automation GmbH & Co. KG, Eaton Corporation PLC, National Instruments Corporation, Keyence Corporation, Delta Electronics Inc., Pilz GmbH & Co. KG, Danaher Corporation, Endress+Hauser Group, Pepperl+Fuchs AG, WAGO Kontakttechnik GmbH & Co. KG .
The industrial automation and control systems market report table of contents includes:
1. Executive Summary
2. Industrial Automation And Control Systems Market Characteristics
3. Industrial Automation And Control Systems Market Trends And Strategies
4. Industrial Automation And Control Systems Market – Macro Economic Scenario
5. Global Industrial Automation And Control Systems Market Size and Growth
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31. Global Industrial Automation And Control Systems Market Competitive Benchmarking
32. Global Industrial Automation And Control Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Automation And Control Systems Market
34. Industrial Automation And Control Systems Market Future Outlook and Potential Analysis
35. Appendix
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