Global Industrial Automation Market was valued at USD 133.10 Billion in 2021, and it is expected to reach USD 217.2 Billion by 2029, exhibiting a CAGR of 8.5% during the forecast period (2022-2029)
Global Industrial Automation Market was valued at USD 133.10 Billion in 2021, and it is expected to reach USD 217.2 Billion by 2029, exhibiting a CAGR of 8.5% during the forecast period (2022-2029)
Industrial Automation Market Overview:
The major goal of the Industrial Automation Market Report is to examine the most recent market research on the Industrial Automation market, analyse the current and future market scenario, and provide insights and updates on the important sectors (2021-2029). The study completely examines analysed insights in light of the market, as well as its ever-changing trends, industry environment, and all of the market's leading elements. This research approach was used to investigate the global Industrial Automation market, and the results were logically presented in this report.
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Market Scope:
Global Industrial Automation Market 2021 research report 2029 includes crucial statistics and analytical insights to provide a comprehensive understanding of the market size, share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, technology, types, and application. The research will also include accessible opportunities in micro markets for stakeholders to invest, as well as a full analysis of the competitive landscape and significant competitors' product offers.
The qualitative and quantitative data in the Industrial Automation market report can assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas. The research also highlights the competitive landscape of leading industry players as well as upcoming market trends. Report includes a PESTEL Analysis, which aids in the development of company strategies. Political variables can help you figure out how much a government can influence the Industrial Automation market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Industrial Automation market. Marketing analytics and tactics are aided by social elements.
Industrial Automation Market Segmentation
The industrial sensors segment is anticipated to hold the highest share of the market for industrial automation components in the Middle East and Africa throughout the course of the forecast period. The growth of the industrial sensors market is being driven by the rising adoption of Industry 4.0 and IIoT, as well as the expansion of the wireless sensor market. Industrial sensors are frequently used in the manufacturing sector, especially to strengthen connections between various tasks. Manufacturers from all around the world have started integrating sensors to collect data in real time from various data points. Since predictive maintenance is anticipated to present profitable prospects through sensor data capture in the upcoming years, sensors as an essential component of predictive maintenance solutions are predicted to have a rapid growth in demand.
The only end-users by industry, primarily in the Asian market, with a sustained or rising demand for collaborations in 2021 are the semiconductor sectors. Almost 62% of robotics revenues in 2021 came from the automotive and electronics industries, but the automobile market is still struggling, and demand for robotic solutions won't rise above 2019 levels until 2022. After showing promising signs of recovery in 2021, particularly in the Asian markets, the electronics segment is predicted to recover slightly more than the automobile sector.
The PAM segment within Solutions is anticipated to expand at a healthy % CAGR during the forecast period. Plant asset management (PAM) software accurately measures and provides data on the status of the equipment in a plant by utilising the intelligence embedded into industrial assets. PAM is being used by manufacturers more frequently because it speeds up decision-making and turnaround time by identifying production faults and, consequently, preventing system failures through real-time data collection and quality control practises. By identifying possible issues prior to production and recommending fixes, PAM helps manufacturers save downtime and resource loss. Due to continual technological advancements and the need for a complete data record of installed equipment, PAM systems are widely employed in the food and beverage and automotive industries.
Industrial Automation Market Key Players
• FANUC (Japan)
• Yaskawa Electric Corporation (Japan)
• Toshiba Corporation (Japan)
• Yokogawa Electric Corporation (Japan)
• Fuji Electric Co., Ltd. (Japan)
• Hitachi, Ltd. (Japan)
• Omron Corporation (Japan)
• Mitsubishi Electric Corporation (Japan)
• Keyence Corporation (Japan)
• Accurate Industrial Controls Pvt. Ltd. (India)
• Honeywell International Inc (US)
• Emerson Electric Co. (US)
• General Electric Company (US)
• Rockwell Automation, Inc (US)
• Danaher Corporation (US)
• NATIONAL INSTRUMENTS CORP (US)
• Roper Technologies, Inc (US)
• Voith GmbH (Germany)
• Siemens AG (Germany)
• Kuka AG (Germany)
• Bosch Rexroth Corporation (Germany)
• Phoenix Contact (Germany)
• MARCO Limited (UK)
• Schneider Electric SE (France)
• Endress+Hauser (Switzerland)
• ABB Ltd. (Switzerland)
• Danfoss A/S (Denmark)
• Tegan Innovations (Ireland)
The competitive landscape is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Industrial Automation market to know the competition at both the domestic and global levels. The key aspects such as areas of operation, production, and product portfolio. Additionally, companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits. In additional Industrial Automation Market Share analysis of players, in-depth profiling, product/service and business overview, the study also concentrates on BCG matrix, heat map analysis, Competitive Benchmarking along with SWOT analysis to better correlate market competitiveness.
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Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Industrial Automation market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa. Regional markets are thoroughly investigated in order to uncover regional market trends, restrictions, and possible prospects.
Key Questions answered in the Industrial Automation Market Report are:
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Industrial Automation Market Global Demand , Industrial Automation Market Sales , Industrial Automation Market Consumption
Mar 08, 2023
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