The machine automation controller global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Machine Automation Controller Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The machine automation controller market size has grown steadily in recent years. It will grow from $37.41 billion in 2023 to $39.17 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to industrial automation evolution, demand for increased productivity, efficiency in material handling, growing complexity in manufacturing, increased focus on quality control, safety compliance requirements.
The machine automation controller market size is expected to see strong growth in the next few years. It will grow to $47.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to growth in smart manufacturing, focus on sustainable manufacturing, customizable and modular systems, global supply chain resilience, regulatory push for digitalization. Major trends in the forecast period include rise of industrial internet of things (iiot), edge computing for real-time processing, focus on cybersecurity, modular and scalable controllers, cloud-based automation solutions, collaborative and safe robotics integration, remote monitoring and maintenance.
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Scope Of Machine Automation Controller Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Machine Automation Controller Market Overview
Market Drivers –
The growing use of robots in the manufacturing sector is expected to propel the growth of the machine automation controller market going forward. Industrial robots are machines that have been programmed to perform manufacturing tasks. In manufacturing, robots are used to perform repetitive tasks, which streamlines the overall assembly workflow. As a result, the growing use of robots in the manufacturing sector increases demand for the machine automation controller market. For instance, in December 2021, according to an article published by the International Federation of Robotics, a Germany-based non-profit organization dedicated to promoting, strengthening, and protecting the robotics industry, the use of industrial robots in factories around the world is rapidly increasing: the new global average of robot density in the manufacturing industries is 126 robots per 10,000 employees, nearly double the number five years ago (2015: 66 units). The average robot density in Asia/Australia is 134 units, 123 units in Europe, and 111 units in the Americas. South Korea, Singapore, Japan, Germany, and Sweden are the top five most automated countries in the world. Therefore, the growing use of robots in the manufacturing sector is driving the growth of the machine automation controller market.
Market Trends –
Product innovation is a key trend gaining popularity in the machine automation controller market. Major companies operating in the machine automation controller market are developing innovative products to strengthen their position. For instance, in May 2023 Omron Corporation, a Japan-based electronics company, launched NX502. The NX502 is a machine automation controller that can connect to up to 10 EtherNet/IP networks, making it perfect for larger systems. It has superior information control and safety control capabilities, as well as high-precision data gathering capability and integrated control technology, allowing it to operate large-scale production lines with module division via up to eight network system separations and up to 254 safety connections. This permits partial process adjustments and testing with minimum influence on overall operations, optimizing energy productivity and lowering lead times when changing lines.
The machine automation controller market covered in this report is segmented –
1) By Controller Type: Distributed Control System (DCS), Programmable Logic Controller (PLC), Industrial PC (IPC)
2) By Form Factors: IP65, IP20, Other Form Factors (IP40, IP67, and IP69K)
3) By Industry: Food & Beverages, Automotive, Pharmaceutical, Packaging, Media & Telecommunication, Aerospace, Chemicals, Other Industries
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Regional Insights –
North America was the largest region in the machine automation controller market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine automation controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the machine automation controller market report are Omron Corporation, Schneider Electric SE, Rockwell Automation Inc., Emerson Electric Company, Advantech Company Limited, Yokogawa Electric Corporation, Delta Electronics Inc., Kollmorgen, ABB Limited, Mitsubishi Electric Corporation, Parker Hannifin Corporation, American Chemical Society India, NEXCOM International Company Limited, Kontron AG, Bosch Rexroth AG, Beckhoff Automation GmbH & Co. KG, Honeywell International Inc., Siemens AG, Acromag Inc., B&R Automation, Control Techniques, Precise Automation Inc., Danfoss A/S, Eaton Corporation plc, Fuji Electric Co. Ltd., GE Automation & Controls, Hitachi Industrial Equipment Systems Co. Ltd., IDEC Corporation, Lenze SE, Yaskawa Electric Corporation
Table of Contents
- Executive Summary
- Machine Automation Controller Market Characteristics
- Machine Automation Controller Market Trends And Strategies
- Machine Automation Controller Market – Macro Economic Scenario
- Global Machine Automation Controller Market Size and Growth
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- Key Mergers And Acquisitions In The Machine Automation Controller Market
- Machine Automation Controller Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Machine Automation Controller Market, Segmentation By Controller Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Machine Automation Controller Market, Segmentation By Form Factors, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Machine Automation Controller Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Omron Corporation Financial Performance
Table 75: Schneider Electric SE Financial Performance
Table 76: Rockwell Automation Inc. Financial Performance
Table 77: Emerson Electric Company Financial Performance
Table 78: Advantech Company Limited Financial Performance
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