Industrial Automation Market is Expected to Reach USD 498.26 billion with Excellent CAGR of 9.75% by 2032, Size, Share, Trends, Key Drivers, Development Trends and Growth Outlook

The Industrial Automation market research report delivers comprehensive insights on manufacturers, market competition, costs, and market effect factors for the forecast period of 2024-2032. This report employs verified and cutting-edge methods such as SWOT analysis and Porter's Five Forces Analysis to ensure precision and reliability. The market definition within the Industrial Automation Industry report identifies key drivers that fuel market growth, as well as restraints that may hinder its expansion. Every aspect of the market is meticulously examined, leaving no stone unturned in crafting this thorough and insightful research report.

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Industrial Automation market size was USD 215.62 billion in 2023 and the market is projected to touch USD 498.26 billion by 2032, at a CAGR of 9.75% during the forecast period.

Market Definition

Industrial Automations includes the integration of control systems, robots, and computers to streamline manufacturing, assembly, and other tasks in various industries such as automotive, electronics, and food processing. In recent years, the market has experienced significant growth due to the increasing demand for higher productivity, quality, and safety in industrial operations.

Key drivers of this growth include advancements in technology, such as the Internet of Things (IoT) and Artificial Intelligence (AI), which enable greater connectivity and intelligence in automation systems. Additionally, factors such as rising labor costs, stringent regulations, and the need for faster production cycles have further fuelled the adoption of industrial automation solutions.

The Industrial Automation Market is Dominated by Firms Such as

· MachineMetrics

· Analog Devices, Inc.

· ABB

· AMETEK.Inc.

· Bosch Rexroth Corporation

· Concept Systems

· Delta Electronics, Inc.

· Emerson Electric Co

· Endress+Hauser Group Services AG

· FANUC America Corporation

· Fuji Electric Co., Ltd.

· General Electric Company

· Hitachi Vantara LLC

· Honeywell International Inc.

· KEYENCE CORPORATION

· KUKA AG

· Mitsubishi Electric Corporation

· OMRON Corporation

· Rockwell Automation

· Schneider Electric

· Siemens

· Yokogawa Electric Corporation

Industrial Automation Recent Developments

May 2023, Renishaw, a leading global engineering technologies firm, is introducing a fresh product line tailored for the industrial automation sector. Leveraging its established proficiency and technological advancements in industrial metrology, the RCS product line is poised to revolutionize the setup and maintenance of industrial automation systems.

Oct 2023, Rockwell Automation, Inc. and Microsoft Corp. have announced an expansion of their longstanding partnership aimed at expediting industrial automation design and development using generative artificial intelligence (AI). By integrating technologies, the collaboration aims to empower workers and hasten time-to-market for customers constructing industrial automation systems. The initial result of this joint effort will integrate Microsoft's Azure OpenAI Service into FactoryTalk Design Studio, providing pioneering capabilities to accelerate time-to-market for clients developing industrial automation systems.

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

• What are the key growth parameters for this global market during the forecast period?

• Which key players are expected to hold the largest market share over the forecast period?

• Who are the leading vendors and manufacturers in this market?

• What are the key strategies adopted by leading players in the market for business development and geographical expansion?

• Which end-use industries can trigger high demand in the market over the forecast period?

• What are the key segments in this market?

• Which regional player will have anticipated leading the global market in terms of size?

• What is the impact of novel coronavirus pandemic?

• Which obstacles must new players overcome in order to occupy a major position?

Browse Detailed Summary of Research Report @ https://www.econmarketresearch.com/industry-report/industrial-automation-market/

Key Market Segments Covered in Industrial Automation Industry Research

By Components

· Sensors

· Industrial Robots

· Industrial PC

· Machine Vision

· Industrial 3D Printing

· Human-Machine Interface (HMI)

· Field Instruments

· Control Valves

· Others

By Type

· Programmable Automation

· Fixed or Hard Automation

· Integrated Automation

· Flexible or Soft Automation

By End User

· Process Industries

· Discrete Industries

By Solution

· Programmable Logic Controller (PLC)

· Distributed Control System (DCS)

· Supervisory Control and Data Acquisition (SCADA)

· Enterprise Level Controls

· Programmable Automation Control (PAC)

· Plant Asset Management (PAM)

· Digitalization

· Functional Safety

· Emission Control

By Mode of Automation

· Semi-Automation

· Fully-Automation

By Systems

· PID

· Model Based Control

· Others

By Geography

· North America (USA, and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Table of Contents:

Chapter 1 Study Coverage

Chapter 2 Executive Summary

Chapter 3 Market Size by Manufacturers

Chapter 4 Production by Regions

Chapter 5 Consumption by Regions

Chapter 6 Market Size by Type

Chapter 7 Market Size by Application

Chapter 8 Manufacturers Profiles

Chapter 9 Production Forecasts

Chapter 10 Consumption Forecast

Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis

Chapter 12 Opportunities & Challenges, Threat and Affecting Factors

Chapter 13 Key Findings

Chapter 14 Appendix

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