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Industrial Control & Factory Automation Market worth $279.52 billion by 2030, growing at a CAGR of 8.87% - Exclusive Report by 360iResearch
Industrial Control & Factory Automation Market | 360iResearch
The Global Industrial Control & Factory Automation Market to grow from USD 154.15 billion in 2023 to USD 279.52 billion by 2030, at a CAGR of 8.87%.
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Industrial control & factory automation involves incorporating automation and use of control systems from end-to-end manufacturing processes and leveraging technologies such as computers and robotic arms that can help increase output efficiency. Industrial control & factory automation greatly reduces human operators' risks while handling hazardous equipment. The growing adoption of Industry 4.0 is expanding the deployment of new technologies for automating traditional processes in factories. The surging demand for products manufactured from the end-use industries and the growing need for safety compliance automation solutions are accelerating factory automation activities worldwide. However, the high capital required to deploy automated technologies and the lack of awareness about advanced technologies in developing economies may adversely impact industrial control & factory automation activities. Moreover, the ongoing advancements in automation technologies and the emergence of cobots are expected to create lucrative opportunities for the industrial control & factory automation market growth.
The industrial control & factory automation market is highly evolving in the Americas owing to the presence of well-established manufacturing industries and the growing adoption of breakthrough technologies by the sectors in the region. Increasing government support and adopting Industry 4.0 encourage industrial control & factory automation in the APAC region to enhance production capabilities. Supportive initiatives and programs for increasing local production of products to reduce reliance on imports are facilitating the growth of industrial control & factory automation in the APAC region. The presence of key manufacturing industries, including automobile, semiconductor, and oil & gas industries, and growing demand for their end products are expanding the growth of the industrial control & factory automation market in the EMEA region. In addition, the integration of cutting-edge technologies in manufacturing processes and the introduction of novel automated technologies are expected to create immense potential for the growth of the industrial control & factory automation market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Industrial Control & Factory Automation Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Field Instruments, Human-Machine Interface, Industrial 3D Printers, Industrial PC, Industrial Robots, Industrial Sensors, Machine Vision Systems, Process Analyzers, and Vibration Monitoring. The Industrial PC is projected to witness significant market share during forecast period.
Based on Solution, market is studied across Distributed Control System, Industrial Safety, Manufacturing Execution System, Privileged Access Management, Programmable Logic Controllers, and Supervisory Control & Data Acquisition. The Programmable Logic Controllers is projected to witness significant market share during forecast period.
Based on End-Use Industry, market is studied across Discrete Industries and Process Industries. The Discrete Industries is further studied across Aerospace & Defense, Automotive, Communication Equipment, Electronic Equipment, Medical Devices Manufacturing, and Textile. The Process Industries is further studied across Cosmetics, Food & Beverages, Foundry, Paints & Coatings, Pharmaceuticals, and Speciality Chemicals. The Process Industries is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Control & Factory Automation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Control & Factory Automation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Control & Factory Automation Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., ABB Ltd., Ametek. Inc., Autodesk Inc., Canon Inc., Cimtec Automation, Codesys Group, Dassault Systemes SE, Delta Electronics, Inc., Emerson Electric Co., Endress+Hauser AG, Factory Automation Systems, Fanuc Corporation, Fuji Electric Co., Ltd., General Electric Company, Hitachi Ltd., Honeywell International Inc., Iris Factory Automation, Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Seiko Epson Corporation, Seimitsu Factory Automation Pvt. Ltd., SEW-Eurodrive GmbH & Co KG, Siemens AG, Texas Instruments Incorporated, UiPath, and Yokogawa Electric Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Control & Factory Automation Market, by Component
7. Industrial Control & Factory Automation Market, by Solution
8. Industrial Control & Factory Automation Market, by End-Use Industry
9. Americas Industrial Control & Factory Automation Market
10. Asia-Pacific Industrial Control & Factory Automation Market
11. Europe, Middle East & Africa Industrial Control & Factory Automation Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Control & Factory Automation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Control & Factory Automation Market?
3. What is the competitive strategic window for opportunities in the Industrial Control & Factory Automation Market?
4. What are the technology trends and regulatory frameworks in the Industrial Control & Factory Automation Market?
5. What is the market share of the leading vendors in the Industrial Control & Factory Automation Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Control & Factory Automation Market?
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