Industrial Automation Market Analysis and Forecast to 2031: By Component (Industrial Sensors, Field Instruments, Industrial PC, Others), Solution (SCADA, PAM, PLC, Others), Industry (Process Industries, Discrete Industries), and Region
Industrial automation is the use of technology and control systems to reduce or eliminate the need for human intervention in the manufacture or operation of equipment and machinery. Automation can be used in a variety of industries, including manufacturing, food and beverage processing, transportation, healthcare, and others. In most cases, industrial automation is used to improve efficiency, productivity, and safety.
Key Trends
There are several key trends in industrial automation technology. One of the most significant is the trend toward using more sophisticated sensors and control systems. This allows manufacturers to automate more processes and to more accurately monitor and control their production lines.
Another key trend is the increasing use of robotics. Robotics can be used for a variety of tasks, including welding, fabricating, and assembling parts. This allows manufacturers to automate more of their production processes, which can increase efficiency and productivity.
The other trend is the increasing use of data analytics in industrial automation. Data analytics can be used to track production data and to identify trends and patterns. This information can be used to improve production processes and to make better decisions about manufacturing.
Finally, there is a trend toward more collaboration between humans and machines. This collaboration can take the form of humans working with robots or machines working with other machines. This trend is driven by the need to increase efficiency and productivity in manufacturing.
Key Drivers
The key drivers of the industrial automation market are the increasing labor costs, the need for increased productivity, and the need for improved quality control. The labor cost is the major driver for the market as it accounts for a large share of the total manufacturing cost.
The other drivers include the need for increased productivity and the need for improved quality control. The industrial automation market is driven by the need to increase productivity and efficiency in the manufacturing process. The industrial automation market is also driven by the need to improve quality control and reduce manufacturing costs.
Restraints & Challenges
The global industrial automation market is highly competitive with the presence of a large number of players. These players are constantly striving to develop new and innovative products to cater to the needs of the customers. However, the entry of new players in the market is a key challenge for the leading players as it leads to increased competition.
The industrial automation market is also facing challenges such as the lack of skilled labor and the high cost of installation and maintenance. In addition, the industrial automation market is also subject to stringent government regulations regarding the safety of the equipment.
Market Segments
The industrial automation market report is bifurcated on the basis of component, solution, industry, and region. On the basis of component, it is segmented into industrial sensors, field instruments, industrial PC, and others. By solution, it is divided into SCADA, PAM, PLC, and others. By industry it is divided into process industries and discrete industries. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The industrial automation market report includes players such as ABB Ltd, Siemens AG, Yokogawa Electric Corporation, Robert Bosch GmbH, Schneider Electric SE, OMRON Corporation, Advantech Co., Ltd., Fuji Electric Co., Ltd, KUKA AG, and Endress+Hauser AG.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Industrial Automation Market Outlook
3.1. Industrial Automation Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Industrial Automation Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Industrial Automation Market
4.3. Economic Impact Analysis
Chapter 5. Industrial Automation Market by Component
5.1. Market Overview
5.2. Industrial Sensors
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Field Instruments
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Industrial PC
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Industrial Automation Market by Solution
6.1. Market Overview
6.2. SCADA
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. PAM
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. PLC
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Industrial Automation Market by Industry
7.1. Market Overview
7.2. Process Industries
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Discrete Industries
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. Industrial Automation Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.3. North America Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.2.4. North America Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.2.5. North America Industrial Automation Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.6.2. The U.S. Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.2.6.3. The U.S. Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.7.2. Canada Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.2.7.3. Canada Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.8.2. Mexico Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.2.8.3. Mexico Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.3. Europe Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.4. Europe Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3.5. Europe Industrial Automation Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.6.2. Germany Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.6.3. Germany Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.7.2. France Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.7.3. France Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.8.2. U.K. Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.8.3. U.K. Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.9.2. Spain Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.9.3. Spain Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.10.2. Italy Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.10.3. Italy Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Industrial Automation Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.4.4. Asia-Pacific Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.5. Asia-Pacific Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.6.2. China Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.4.6.3. China Industrial Automation Market Size and Forecast by Product Application, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.7.2. India Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.4.7.3. India Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.8.2. Japan Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.4.8.3. Japan Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.9.2. South Korea Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.4.9.3. South Korea Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.3. Rest of the World Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.5.4. Rest of the World Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.5.5. Rest of the World Industrial Automation Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.6.2. Latin America Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.5.6.3. Latin America Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.7.2. Middle East Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.5.7.3. Middle East Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Industrial Automation Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.8.2. Africa Industrial Automation Market Size and Forecast by Solution, 2021-2031, ($Million)
8.5.8.3. Africa Industrial Automation Market Size and Forecast by Industry, 2021-2031, ($Million)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions
Chapter 10. Company Profiles
10.1. ABB Ltd
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Siemens AG
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Yokogawa Electric Corporation
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Robert Bosch GmbH
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Schneider Electric SE
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. OMRON Corporation
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Advantech Co., Ltd
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Fuji Electric Co., Ltd
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. KUKA AG
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Endress+Hauser AG
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
- ABB Ltd.
- Siemens AG
- Yokogawa Electric Corporation
- Robert Bosch GmbH
- Schneider Electric SE
- OMRON Corporation
- Advantech Co., Ltd.
- Fuji Electric Co., Ltd
- KUKA AG
- Endress+Hauser AG
Market Segments
By Component
- Industrial Sensors
- Field Instruments
- Industrial PC
- Others
By Solution
- SCADA
- PAM
- PLC
- Others
By Industry
- Process Industries
- Discrete Industries
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa