Asia-Pacific Industrial Automation Market to be Worth $136.90 Billion by 2030

Meticulous Research®-a leading global market research company, published a research report titled, 'Asia-Pacific Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi, Fully Automatic), End User (Oil & Gas, Automotive, F&B, Others), and Geography - Forecast to 2030.'

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According to this latest publication from Meticulous Research®, the Asia-Pacific Industrial Automation Market is projected to reach $136.9 billion by 2030, at a CAGR of 9% from 2023 to 2030. The growth of this market is driven by the growing adoption of robots in the manufacturing sector, government initiatives to promote industrial automation, and increasing investments in transforming conventional production facilities. The growing number of SMEs and rising demand for IIoT in Asia-Pacific's manufacturing sector are expected to offer significant growth opportunities for the stakeholders in the Asia-Pacific industrial automation market. The high initial investment may restrain the market's growth. Furthermore, the limited availability of skilled labor and cyber risks associated with automated systems are expected to challenge the growth of the Asia-Pacific industrial automation market.

The Asia-Pacific industrial automation market is segmented by component (enterprise-level controls, [product lifecycle management {PLM}, enterprise resource planning {ERP}, manufacturing execution systems {MES}], plant instrumentation [motors & drives, robot {articulated robots, cartesian robots, SCARA, collaborative robots, other robots}, sensors, machine vision systems {cameras, optics and LED lighting}, relays & switches, other plant instrumentation components] and plant-level controls [supervisory control and data acquisition {SCADA}, distributed control systems {DCS}, programmable logic controllers {PLC}, and other plant-level controls]), mode of automation (semi-automatic systems, fully-automatic systems), end user (oil & gas [upstream, midstream, downstream], chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage [beverages & distilleries, dairy processing, bakery & confectionary, meat, poultry, and seafood products, fruits & vegetables, oil & fats, other F&B end users], power, consumer goods, automotive, machines & tools, electronics & semiconductors, aerospace & defense, and other end users).

Based on component, the Asia-Pacific industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. In 2023, the enterprise-level controls segment is expected to account for the largest share of the Asia-Pacific industrial automation market. The large market share of this segment is attributed to the high adoption of PLM, ERP, and MES solutions for streamlining the production & enterprise processes across the manufacturing & industrial sectors, the increasing need to automate industrial production with industrial automation software, the rising popularity of connected industrial automation solutions, and the growing demand to analyze productivity and efficiency in industries.

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However, the plant-level controls segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need to improve the productivity of manufacturing/industrial engineers across the industries, the growing need to enhance supply chain operations, maintenance management, data collection, and product configurations, increasing implementations of SCADA to control and optimize industrial operations, and increasing deployments of HMI for displaying data, tracking production time and trends, and monitoring machine inputs and outputs.

Based on mode of automation, the Asia-Pacific industrial automation market is segmented into semi-automatic systems and fully automatic systems. In 2023, the semi-automatic systems segment is expected to account for the larger share of the Asia-Pacific industrial automation market. The large market share of this segment is attributed to the growing demand for semi-automatic systems for companies that emphasize improving their manufacturing process but hesitate or cannot eliminate operator assistance and growing technological advancements in semi-automatic systems.

However, the fully automatic systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to increase industrial production capabilities. Adopting fully automatic systems helps companies increase their throughput volumes by automating the feeding and assembly processes. The companies adopting fully automatic systems are usually large-scale companies with automated equipment in their operating facilities and are exploring ways to minimize long-term costs by reducing human labor.

Furthermore, the rising focus of key players on product development and enhancement is expected to drive segment growth. For instance, in January 2021 , Yokogawa Electric Corporation (Japan) launched the new version of CENTUM VP R6.08. This version of the integrated production control system includes enhancements such as CPU module upgrade, enhanced online upgrade, and CPU module replacement. This can be used for plant operation monitoring and automatic control.

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Based on end user, the Asia-Pacific industrial automation market is broadly segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2023, the oil & gas segment is expected to account for the largest share of the Asia-Pacific industrial automation market. The large market share of this segment is attributed to the increasing implementation of automation technologies to improve decision-making, troubleshooting, and performance efficiency in oil & gas exploration activities.

Additionally, rising initiatives for the digitalization of oil & gas industry are expected to drive segment growth. For instance, in May 2023, Essar Exploration & Production Ltd. (India), India's leading pioneering unconventional hydrocarbon player, collaborated with Sensia LLC (U.S.) to digitalize oil and gas field operations to enhance operational efficiencies. The strategic collaboration aims to unify measurement systems, optimize decision-making, and enable remote control of critical parameters across Essar wells, facilities, and customer interfaces.

However, the automotive segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing implementation of machine vision systems and sensor technologies by automotive manufacturers, increasing utilization of robotics for automotive body assembly automation, including streamlining repetitive processes like welding, material handling, and assembling auto body components, and intelligent automation for enhanced manufacturing flexibility. Automotive manufacturers can save on labor costs and rework, improving quality and repeatability with robotics, vision, and software integration.

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Based on geography, the Asia-Pacific industrial automation market is segmented into China, Japan, India, South Korea, Thailand, Singapore, Vietnam, Taiwan, Australia, Malaysia, New Zealand, Indonesia, and the rest of Asia-Pacific. In 2023, China is expected to account for the largest share of the Asia-Pacific industrial automation market. China's major market share is attributed to the rising opportunities for industrial automation in the manufacturing sector, the growing presence of leading manufacturing companies to implement industrial automation solutions, the growing economy, and rising investments in Industry 4.0.

Also, the increasing installation of industrial robots in China and the strong presence of automation machinery manufacturing companies are improving the significance of the Asia-Pacific industrial automation market. Companies are exerting efforts to launch innovative programs or focus on expansion across the country, which helps to promote the growth of the industrial automation market in China. For instance, in June 2023, ABB Ltd (Switzerland) collaborated with China Telecom Corporation Limited (China) to focus on developing end-to-end industrial IoT solutions for industrial companies based in China.

Moreover, China is also projected to register the highest CAGR during the forecast period. The growth of this region is driven by the reduced cost of automation systems, increasing labor costs, and increasing safety and hygiene requirements in the industrial sector. In December 2022, ABB Ltd (Switzerland) invested USD 150 million in its state-of-the-art, fully automated, and flexible robotics factory in Kangqiao, Shanghai, China. This investment will deploy the company's digital and automation technologies to manufacture next-generation robots - enhancing ABB's robotics and automation leadership in China. Such development is expected to support the growth of the market.

Key Players:

Some of the key players operating in the Asia-Pacific industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and General Electric Company (U.S.).

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Key questions answered in the report:

Which are the high-growth market segments in terms of component, mode of automation, and end user?
What is the historical market size for industrial automation across the Asia-Pacific?
What are the market forecasts and estimates for 2023-2030?
What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific industrial automation market?
Who are the major players in the Asia-Pacific industrial automation market, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the Asia-Pacific industrial automation market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the Asia-Pacific industrial automation market, and how do they compete with other players?

Contact Data
Mr. Khushal Bombe
Meticulous Research®
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.