Press release
Discrete Automation Market Poised for 5.5 % Growth, Set to Hit 24.56 Billion by 2029
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The discrete automation market will grow from $5.98 billion in 2024 to $6.39 billion in 2025, at a CAGR of 7.0%. Growth is driven by the complexity of manufacturing processes, the need for operational efficiency, regulatory compliance, and increasing labor costs.
The discrete automation market is expected to see substantial growth, reaching $7.94 billion by 2029, growing at a CAGR of 5.5%. Industry 4.0 technologies, flexible manufacturing, energy-efficient solutions, and IoT expansion are driving this growth. Key trends include the rise of digital twins, cloud-based automation platforms, predictive maintenance, and cybersecurity in automation.
What Are the Key Drivers Behind the Growth of the Discrete Automation Market?
The increasing demand for efficient manufacturing is expected to propel the growth of the discrete automation market. Discrete automation technologies, such as robotics and programmable logic controllers (PLCs), are essential for optimizing manufacturing processes, improving productivity, and reducing costs. In 2022, industrial robot installations reached a record high of 553,052 units, demonstrating the growing adoption of automation in manufacturing to improve efficiency.
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Who Are the Major Industry Players Fueling Discrete Automation Market Expansion?
Major companies operating in the discrete automation market are Hitachi Ltd., Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Invensys plc (Schneider Electric Co.), Toshiba Corporation, Eaton Corporation plc, Texas Instruments Incorporated, Emerson Electric Co., GE Grid Solutions, ANDRITZ GROUP, Rockwell Automation Inc., Omron Corporation, Valmet Oyj, Azbil Corporation, Ingeteam, Chongqing Chuanyi Automation Co. Ltd., HollySys Automation Technologies, Nanjing Sciyon Automation Group Co. Ltd., Beijing consen Technology Co. Ltd., Shanghai Automation Instrumentation Co. Ltd., Yokogawa Electric Corporation, ZAT Company, SUPCON Technology Co. Ltd., Shanghai Xin Hua Control Technology (Group) Co. Ltd., Nanjing Delto Technology
How Is the Segmentation of the Discrete Automation Market Defined?
The discrete automation market covered in this report is segmented -
1) By Type: Product Lifecycle Management (PLM), Manufacturing Execution System (MES), Programmable Logic Controllers (PLC), Distributed Control System (DCS), Other Types
2) By Component: Solutions, Services
3) By Application: Packaging, Automotive, Textile, Aerospace And Defense, Food Processing, Other Applications
Subsegments:
1) By Product Lifecycle Management (PLM): Product Data Management (PDM), Product Design And Development, Change Management, Collaboration Tools
2) By Manufacturing Execution System (MES): Production Monitoring, Process Control, Quality Management, Inventory Management, Scheduling And Dispatching
3) By Programmable Logic Controllers (PLC): Modular PLC, Compact PLC, Rack-Mounted PLC
4) By Distributed Control System (DCS): Process Control Systems, Supervisory Control Systems, Integrated Control Systems
5) By Other Types: Human-Machine Interface (HMI), Supervisory Control And Data Acquisition (SCADA), Industrial Robots, Motion Control Systems
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What Is the Leading Region in the Discrete Automation Market?
Asia-Pacific was the largest region in the discrete automation market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the discrete automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Discrete Automation Global Market Report?
- Market Size Analysis: Analyze the Discrete Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Discrete 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 Discrete Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Discrete Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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