INDUSTRIAL AUTOMATION MARKET SIZE, SHARE, TRENDS, KEY DRIVERS, DEMAND AND OPPORTUNITY ANALYSIS

Industrial Automation Market Size, Share, Trends, Key Drivers, Demand and Opportunity Analysis

Industrial Automation Market Size, Share, Trends, Key Drivers, Demand and Opportunity Analysis

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Global Industrial Automation Market – Industry Trends and Forecast to 2030

Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.

Data Bridge Market Research analyses that the global industrial automation market is expected to reach a value of USD 339.44 billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.

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**Segments**

- **Hardware**: The hardware segment in the industrial automation market includes devices and components like sensors, controllers, switches, and drives. These are crucial elements that play a key role in automating various industrial processes, enhancing efficiency and productivity.

- **Software**: Software in industrial automation encompasses applications and programs that help in controlling, monitoring, and managing the automated systems. This includes supervisory control and data acquisition (SCADA) systems, manufacturing execution systems (MES), and programmable logic controllers (PLC) software.

- **Services**: Services segment in industrial automation involves maintenance, support, consulting, and training services offered by automation solution providers. These services are essential for ensuring the smooth functioning and optimization of automated systems in industrial settings.

**Market Players**

- **Siemens AG**: Siemens is a prominent player in the industrial automation market, offering a wide range of automation solutions including hardware, software, and services. The company's innovative technologies and global presence make it a top choice for industrial automation.

- **Rockwell Automation, Inc.**: Rockwell Automation is known for its comprehensive portfolio of industrial automation products and solutions. The company focuses on delivering advanced technologies to enable smart manufacturing and enhance operational efficiency.

- **Schneider Electric SE**: Schneider Electric offers integrated automation solutions that cater to various industrial sectors. With a focus on sustainability and digital transformation, the company is a key player in the global industrial automation market.

- **ABB Ltd**: ABB is a leading provider of industrial automation technologies, offering solutions for robotics, motion, and power systems. The company's expertise in automation technology positions it as a major player in the industry.

- **Mitsubishi Electric Corporation**: Mitsubishi Electric is a well-known player in the industrial automation market, known for its innovative products such as programmable logic controllers (PLCs) and industrial robots. The company's cutting-edge technologies drive industrial automation advancements.

The industrial automation market is witnessing significant growth due to the increasing demand for operational efficiency, cost reduction, and the adoption of smart manufacturing practices. With advancements in technologies like IIoT, artificial intelligence, and machine learning, the market is poised for further expansion. Companies offering comprehensive automation solutions, including hardware, software, and services, are likely to dominate the market. The key players mentioned above are at the forefront of driving innovation and shaping the future of industrial automation.

https://www.databridgemarketresearch.com/reports/global-industrial-automation-marketThe industrial automation market continues to evolve with the integration of advanced technologies and the increasing focus on enhancing operational efficiency and productivity across various industries. One of the key trends shaping the market is the rapid adoption of Industrial Internet of Things (IIoT) solutions, which enable real-time data tracking, analysis, and decision-making in industrial processes. IIoT implementation facilitates predictive maintenance, remote monitoring, and optimization of manufacturing operations, driving significant cost savings and process improvements for businesses.

Moreover, artificial intelligence (AI) and machine learning are revolutionizing industrial automation by enabling autonomous decision-making and predictive analytics. AI-powered systems can analyze large datasets to identify patterns, anomalies, and opportunities for process optimization. Machine learning algorithms continuously learn from data to improve efficiency, quality, and overall performance in industrial settings. These technologies are increasingly being integrated into automation solutions to enable intelligent automation, predictive maintenance, and adaptive control systems.

Another significant aspect influencing the industrial automation market is the shift towards sustainable and environmentally friendly practices. Companies are increasingly focusing on energy efficiency, waste reduction, and resource optimization in their manufacturing processes. Automation solutions with sustainability features, such as energy-efficient drives, optimized production scheduling, and green manufacturing technologies, are gaining traction in the market. Sustainable automation practices not only help businesses reduce their environmental footprint but also lead to cost savings and improved corporate social responsibility.

Furthermore, the ongoing digital transformation in industrial automation is driving the adoption of integrated automation solutions that combine hardware, software, and services to offer comprehensive and seamless automation capabilities. Companies are looking for end-to-end automation solutions that address their specific operational requirements, enhance connectivity and interoperability, and enable remote monitoring and control of industrial processes. Integrated automation platforms help businesses streamline their operations, improve visibility and decision-making, and drive continuous process optimization.

In conclusion, the industrial automation market is experiencing transformative changes driven by technological advancements, digitalization trends, and evolving customer demands. Companies that embrace innovative automation technologies, sustainability practices, and integrated automation solutions are likely to gain a competitive edge in the market. The key players in the industrial automation industry are at the forefront of driving innovation and shaping the future of automation, setting the stage for continued growth and development in the global industrial automation market.**Segments**

Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.

In the global industrial automation market, the hardware segment encompasses critical devices like sensors, controllers, switches, and drives that are integral to enhancing efficiency and productivity in industrial processes. On the other hand, the software segment includes applications such as SCADA systems, MES, and PLC software that aid in controlling and managing automated systems. Additionally, the services segment offers maintenance, support, consulting, and training services crucial for optimizing automated systems in industrial settings.

When it comes to market players, Siemens AG stands out for its innovative technologies and comprehensive automation solutions, covering hardware, software, and services. Rockwell Automation, Inc., on the other hand, is recognized for its focus on advanced technologies for smart manufacturing and operational efficiency. Schneider Electric SE and ABB Ltd are also prominent players known for their integrated automation solutions catering to various industrial sectors. Mitsubishi Electric Corporation is renowned for its cutting-edge technologies such as PLCs and industrial robots, driving advancements in industrial automation.

The industrial automation market is experiencing substantial growth driven by the rising demand for operational efficiency, cost reduction, and the adoption of smart manufacturing practices. With the evolution of technologies like IIoT, AI, and machine learning, the market is expected to expand further. Companies providing comprehensive automation solutions are likely to lead the market, with key players mentioned above spearheading innovation and shaping the future of industrial automation.

Furthermore, the market is witnessing a rapid adoption of IIoT solutions enabling real-time data tracking, analysis, and decision-making for enhanced operational efficiency. AI and machine learning are revolutionizing industrial automation by enabling autonomous decision-making and predictive analytics, leading to improved efficiency and performance. The industry is also shifting towards sustainable practices, with companies focusing on energy efficiency and environmental responsibility through automation solutions with sustainability features.

Moreover, the digital transformation in industrial automation is accelerating the adoption of integrated automation solutions that combine hardware, software, and services for comprehensive automation capabilities. The market is trending towards end-to-end automation solutions that address specific operational requirements, improve connectivity and interoperability, and enable remote monitoring and control. Companies embracing innovative technologies and sustainability practices are poised to gain a competitive edge in the evolving industrial automation landscape.

In conclusion, the industrial automation market is undergoing transformative changes fueled by technological advancements, digitalization trends, and changing customer preferences. Companies that prioritize innovation, sustainability, and integrated automation solutions are likely to lead the market and drive continued growth and development in the global industrial automation sector. The key market players are at the forefront of this transformation, paving the way for a dynamic future in industrial automation.

 

The Industrial Automation Market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance.

Major Points Covered in TOC:

Industrial Automation Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Industrial Automation Market portions by application, study goals, and years considered.

Industrial Automation Market Landscape: Here, the opposition in the Worldwide Industrial Automation Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.

Industrial Automation Profiles of Manufacturers: Here, driving players of the worldwide Industrial Automation Market are considered dependent on deals region, key items, net edge, income, cost, and creation.

Industrial Automation Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Industrial Automation Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.

Industrial Automation Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Industrial Automation Market.

Industrial Automation Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.

Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.

What to Expect from the Report, a 7-Pointer Guide


  • The Industrial Automation Market report dives into the holistic Strategy and Innovation for this market ecosystem

  • The Industrial Automation Market report keenly isolates and upholds notable prominent market drivers and barriers

  • The Industrial Automation Market report sets clarity in identifying technological standardization as well as the regulatory

  • framework, besides significantly assessing various implementation models besides evaluation of numerous use cases

  • The Industrial Automation Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.

  • A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability


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