Impact Of Artificial Intelligence On The Growth Of The Factory Automation Market: A Key Factor Shaping the Future of the Factory Automation Market in 2025

What Are the Projections for the Size and Growth Rate of the Factory Automation Market?
There has been robust growth in the factory automation market size over the last few years. It's projected to rise from $288.77 billion in 2024 to $312.09 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.1%. The historical growth is likely linked to the increased demand for control and safety systems, the advancement of 5G wireless technology, and the implementation of industry 4.

The market size of factory automation is projected to experience considerable expansion in the upcoming years, increasing to a value of $497.22 billion in 2029, at a compound annual growth rate (CAGR) of 12.3%. This growth trend observed in the historical timeframe, can be ascribed to a range of factors including the soaring demand for improved work efficiency within compressed timeframes, expansion of the manufacturing and industrial sectors, deployment of self-operating plants, proliferation of remote management practices, and the escalation in demands for mass production with decreased operational expenses. Noteworthy trends anticipated during the forecast timeframe encompass technological innovation, cooperative robotics, the usage of augmented reality (AR) and virtual reality (VR), and the automation of supply chains.

What Factors Are Fueling Growth in the Factory Automation Market?
The factory automation market's expansion is anticipated to be significantly influenced by the increased adoption of artificial intelligence (AI). AI is essentially the use of computer systems to replicate human cognitive processes, empowering these systems with abilities like problem-solving, learning, and logical thinking that are traditionally associated with human intelligence. The enhancing permeation of AI is attributed to the progress made in technology, the availability of enormous data sets, the industry's desire for automation and efficiency, and escalating investment and research in this domain. Incorporating AI into factory automation operations enables businesses to boost their productivity, efficiency, quality, security, and flexibility, thus offering them a competitive edge and enhancing their overall results. According to the Department for Digital, Culture, Media, and Sport, as of January 2022, UK companies have seen a surge in AI use, with an additional 267,000 enterprises implementing AI in their operations, moving the AI adoption rate from 15.1% in 2020 to a projected 22.7% in 2025. The total adoption rate is expected to hit 34.8% by 2040, equating to 1.3 million businesses utilizing AI in key scenarios. As a result, the broader acceptance of artificial intelligence is propelling the evolution of the factory automation market.

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Which Businesses Are at the Forefront of Factory Automation Market Development?
Major companies operating in the factory automation market are Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation, Parker Hannifin Corporation, Emerson Electric Co., Danfoss, Rockwell Automation Inc., Bosch Rexroth AG, Omron Corporation, Keyence Corporation, Fanuc Corporation, SMC Corporation, Yaskawa Electric Corporation, Festo, KUKA Robotics, Phoenix Contact, Endress+Hauser Group, Beckhoff Automation, Yokogawa Electric Corporation, Advantech Co. Ltd., WAGO GmbH & Co. KG, Pepperl+Fuchs GmbH, Pilz GmbH & Co. KG, HIMA Paul Hildebrandt GmbH

What Are the Latest Innovations in the Factory Automation Market?
Prominent corporations within the factory automation market are creating unique products, like ballbar gadgets, to maintain their industry standing. These devices, otherwise referred to as ballbar systems or testers, serve as precise measuring apparatus in metrology and precision engineering sectors. In factory automation, ballbar devices ensure the quality and accuracy of machined components, identifying errors and discrepancies in the machine's movement and positioning. For example, Renishaw plc, a British engineering firm, introduced an RCS product range in May 2023. The range, supported by a dedicated software suite, consists of three products: the RCS L-90, RCS T-90, and RCS P-series. The RCS L-90, a ball-bar gadget, leverages straightforward processes run by its companion software suite to oversee robot health, cut down deployment times, and sharpen robot system precision. The tri-ballbar RCS T-90 system enables robot users to find the root causes of poor performance, conducting thorough tests to collect crucial robot data, such as master-recovery procedures, 3D path performance plotting, and remastering joint offsets to figured positions. The RCS P-series introduces in-process metrology and automatic recovery to automation operations, incorporating a permanent Renishaw probing solution within a robot cell.

How Is the Factory Automation Market Segmented?
The factory automation market covered in this report is segmented -

1) By Component: Sensors, Controllers, Switches And Relays, Industrial Robots, Drives, Other Components
2) By Factory Automation Technology: Supervisory Control And Data Acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI)
3) By End-User: Manufacturing, Automotive, Packaging And Processing, Energy And Power, Semiconductor And Electronics, Printing And Converting, Other End-Users

Subsegments:
1) By Sensors: Proximity Sensors, Vision Sensors, Temperature Sensors, Pressure Sensors, Level Sensors, Flow Sensors, Position Sensors
2) By Controllers: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Human-Machine Interface (HMI), Motion Controllers, Embedded Controllers
3) By Switches And Relays: Limit Switches, Push Button Switches, Safety Switches, Electromechanical Relays, Solid-State Relays
4) By Industrial Robots: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Delta Robots
5) By Drives: AC Drives, DC Drives, Servo Drives, Variable Frequency Drives (VFDs), Stepper Drives
6) By Other Components: Cables And Connectors, Power Supply Units (PSUs), Circuit Breakers, Human-Machine Interface (HMI) Devices, Actuators

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Where Is the Factory Automation Market Growth Most Prominent?
North America was the largest region in the factory automation market in 2024. The regions covered in the factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Factory Automation Global Market Report?

- Market Size Analysis: Analyze the Factory Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Factory 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 Factory Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Factory Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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