Factory Automation Market 2022 Driving Factors Forecast Research 2028

The global market for factory automation is projected to have considerable CAGR of around 9.2% during the forecast period. The market growth mainly backed by the increasing inclination towards automated manufacturing process with advent of AI and IoT. Additionally, there has been a range of government-led initiatives towards promotion of automation with private partnership. For instance, in May 2018, NITI Aayog and ABB India signed a statement of intent (SoI) to incorporate the latest developments in robotics and AI in various sectors such as manufacturing. These government initiatives are aimed at exploring R&D programs and stimulating the adoption og automation platforms. This is intended to foster public confidence in automation technologies and protects privacy, civil liberties, and values to completely realize the potential of automation and AI technologies for the company's people. Moreover growing technological development in manufacturing sector such as growing integration of industry 4.0 in manufacturing further provide substantial opportunity to the market growth.

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The global factory automation market is segmented based on component, control systems, and industry. Based on the component, the market is further classified intoindustrial robots, machine vision, human machine interface (HMI), sensors, control valves, and others. The industrial robots segment is projected to have considerable share owing to the growing demand of automated manufacturing process in various industries such as automotive and aerospace. Moreover, the increasing deployment of industrial robots in China, Japan, the US further contribute in the growth of the segmental market. Based on component the market for factory automation further segregated into programmable logic controllers (PLC), distributed control systems (DCS), supervisory control and data acquisition system(SCADA), manufacturing execution system (MES), and others(Product Lifecycle Management). The DCS segment is projected to hold significant share in the global factory automation market. On the basis of industry the market is further segregated into automotive, aerospace & defense, oil & gas, chemical, food & beverages, healthcare, and others.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Factory Automation Market by Component
o Industrial Robots
o Machine Vision
o Human Machine Interface(HMI)
o Sensors
o Control Valves
o Others( Field Instruments)

Global Factory Automation Market by Control Systems
o Programmable Logic Controllers(PLC)
o Distributed Control Systems (DCS)
o Supervisory Control and Data Acquisition System (SCADA)
o Manufacturing Execution System (MES)
o Others( Product Lifecycle Management)

Global Factory Automation Market by Industry
o Automotive
o Aerospace & Defense
o Oil & Gas
o Chemical
o Food & Beverages
o Healthcare
o Others( Mining and Electronics)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o ABB Ltd.
o Azbil Corp.
o Dwyer Instruments, Inc.
o Danfoss A/S
o Emerson Electric Co.
o Endress+Hauser Group Services AG
o Fuji Electric Co., Ltd.
o Fanuc Corp.
o General Electric Co.
o Honeywell International Inc.
o Hitachi, Ltd.
o KROHNE Messtechnik GmbH
o Mitsubishi Electric Corp.
o NovaTech, LLC
o Omron Corp.
o Rockwell Automation, Inc.
o Siemens AG
o Schneider Electric SE
o WIKA Instruments India Pvt. Ltd.
o Yokogawa Electric Corp.

The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global factory automation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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