Industrial Automation Control Market to Worth $ 324.6 Bn and Grow at a CAGR 8.0% to 2027 Global Analysis and Business Growth by TheInsightPartners.com

Industrial automation control experiencing steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for industrial automation control comprises some well-established players across the globe. Since the last decade, the demand in different end-user industries has accelerated significantly with the growing adoption of automation and ground-breaking technology enhancements.

The Industrial Automation Control Market Was Valued At US$ 158.5 Billion In 2018 And Is Projected To Reach US$ 324.6 Billion By 2027; It Is Expected To Grow At A CAGR Of 8.0% During 2019–2027.

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As leading companies in this market continue to broaden their addressable market, by expanding their current product portfolio, diversifying their client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional players as well as the leading global companies across the world. The use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies.

Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automation. Solutions such as SCADA, PLC, DCS, MES, PLM, and plant asset management as well as Cybersecurity holds a distinct position in facilitating ease in the manufacturing process. Technologies such as condition monitoring, IIoT, AI, big data analytics, virtual reality, and augmented reality helps to have access to real-time data required at the time of precision decision making.

Machine vision, sensors, HMI, control valves, control devices, industrial robots, industrial PC, field instruments, and many other components are used to go ahead with manufacturing operations. In discrete industries, it produces distinct products which use bills of materials and routings to define lead times and costs. These industries need end-to-end manufacturing for the production and delivery of final products.

Therefore, the utilization of industrial automation plays a significant role to lower operational costs and maximizing productivity. In discrete manufacturing, the production of a product is done sequentially by the craftsman. Discrete manufacturing is based on some production orders which keeps on changing depending upon orders. Discrete manufacturers produce finish goods such as nuts, screws, handles, and others which is further used for manufacturing or it can be taken apart.

For instance, The Saudi Arabia Government is strategically focusing on the development of robotics sectors across various industries. The government has laid an enhanced focus on the development of robotics to meet the country’s plan for building an innovative and strong economy as per the VISION 2030. Such initiatives taken by the government would help the companies to widen the scope in the industrial automation control market.

The global market for industrial automation control market is segmented on various parameters such as solution, industry vertical, end-user, and geography. Based on the solution, the programmable logic control system (PLC) segment dominates the industrial automation control market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. On the basis of industry vertical, the electronics and semiconductor segment is expected to witness a significant growth rate in the coming years. The industrial automation control market operates in an extremely fragmented industry with a huge number of smaller players capturing the market. Key players operating in the market are introducing attractive services and solutions which is helping the companies to gain customer traction.

Solution Segment Insights

Based on the solution, the industrial automation control market is segmented into Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Programmable Logic Control System (PLC), Product Lifecycle Management (PLM), and Others. Distributed Control System (DCS), is a type of system comprised of controllers, sensors, and associated computers which is distributed across a range of applications in industrial processes. All elements are intended to work for an objective such as process control, graphical display, data acquisition, and data storage. DCS is designed with a feature of diagnostic and redundancy capabilities to enhance control reliability and overall performance. DCS is majorly installed at large manufacturing plants like the petrochemical industry and other large, process control industries to direct all complex production processes.

Industry Vertical Segment Insights

Based on industry vertical, the industrial automation control market is bifurcated into automotive, electronics & semiconductor, food & beverage, metal & machinery, aerospace & defense, and others. The automotive industry is one of the major clients of industrial automation into their production process. Automotive OEMs, as well as parts manufacturers, are extensively using industrial automation controls to help them in achieving the demand and maintaining the product quality. Continuous surge in demand and mass production of automotive vehicles have further encouraged the adoption of automation into the production process. The adoption rate of industrial automation is high in North America and Europe owing to the high labor cost and low availability of labor. Also, the automotive industry in Asian countries such as Japan, Korea, and China highly depend upon automation technology to continue with the manufacturing of automobiles.

The List of Companies

The major companies offering industrial automation control to different industries include ABB Ltd, Honeywell International Inc., Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., Omron Corporation, Rockwell Automation, B&R Industrial Automation Gmbh, and Beckhoff among others. Several other companies are also offering these services to different industries which are facilitating the industrial automation control market to propel over the years.

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