Press release
Rising Global Industrial Automation Market: Anticipated to Reach $290.14 Billion by 2029 with Key Drivers and Trends
Industrial Automation Market Size
What Is The Projected Market Size Of The Global Industrial Automation Market And Its Growth Rate?
The industrial automation market is showing strong growth momentum and is expected to continue this trend in the coming years. Key statistics include:
- The market grew from $193.87 billion in 2024 to $205.11 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.8%.
- By 2029, the market size is anticipated to reach $290.14 billion, with a CAGR of 9.1%.
- Growth can be attributed to factors such as increasing adoption of robotics, strong economic growth in emerging markets, government support, and increasing automotive production.
- In the forecast period, major growth contributors include the increasing adoption of IoT, rising healthcare expenditure, rising demand from the agriculture industry, and an increase in passenger air traffic.
What Is Driving The Growth In The Industrial Automation Market?
The critical driver of the industrial automation market's growth is the rising significance of robotics in industries. Robotics technology, which includes the design, manufacture, and operations of intelligent machines, is increasingly applied to several industrial automation processes to enhance efficiency, reduce manual labor, increase speed, and improve overall performance. For example, by 2023, the International Federation of Robotics reported a 12% rise in the total number of industrial robot installations, reaching 44,303 units. Thus, the increasing use of robotics significantly boosts the industrial automation market growth.
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Who Are the Key Players Driving Industrial Automation Market Growth?
The industrial automation market growth is influenced by several key players, including:
- Siemens AG
- ABB Ltd
- Mitsubishi Electric Corporation
- Schneider Electric
- Fanuc Corporation
- Omron Corporation
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Yaskawa Electric Corporation
- EFACEC Electric International Engineering Co. Ltd
- Honeywell International Inc
- Cognex Corporation
- National Instruments Corporation
What Are The Key Trends In The Industrial Automation Market?
Major trends shaping the industrial automation market include:
- Leveraging artificial intelligence (AI) to improve efficiency and mass production.
- Focusing on edge and cloud computing for real-time data processing.
- Leveraging 5g technology.
- Increasing focus on cybersecurity solutions.
- Emphasizing cloud robots.
What Are The Segments Of The Global Industrial Automation Market?
The Global Industrial Automation Market is segmented into:
- Component: Industrial Robots, Human Machine Interface (HMI), Industrial Sensors, Control Valves, Other Components.
- Control System: Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Others.
- Industry: Aerospace and Defense, Automotive, Healthcare, Energy and Utilities, Food and Beverages, Oil and Gas, Mining, Transportation, Other Industries.
Which Region Leads The Industrial Automation Market?
Asia-Pacific was the largest region in the industrial automation market in 2024. The report covers regions inclusive of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Automation Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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