Manufacturing Automation Market was valued at $12.33 billion in 2023 and is projected to reach $28.45 billion by 2032, growing at a 9.73% CAGR

According to Adroit Market Research, the global manufacturing automation market was valued at $12.33 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 9.73% from 2024 to 2032, reaching an estimated $28.45 billion.

This growth is driven by increasing adoption of industrial automation, advancements in robotics and AI, and the rising demand for efficiency and cost reduction in manufacturing processes.

📌 Market Size (2023): $12.33 billion
📌 Projected Growth: 9.73% CAGR (2024-2032)
📈 Estimated Market Size (2032): $28.45 billion

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Comprehensive Analysis of the Global Manufacturing Automation Market

The extensive examination of the global Manufacturing Automation Market delves into the profiles of key supplier companies. Analysts highlight that this detailed documentation stems from rigorous research initiatives and the aggregation of evaluations across various pivotal factors that are progressively shaping the growth of the international Manufacturing Automation sector. The study segments leading global manufacturers based on metrics such as sales, revenue, and, where pertinent, pricing strategies. Its main aim is to provide both qualitative and quantitative perspectives of the industry across different geographic regions and countries.

The enforcement of strict lockdown measures to mitigate the COVID-19 pandemic has significantly disrupted supply and demand patterns, impacting numerous businesses worldwide. Beyond the immediate fluctuations in short-term market profitability, it is anticipated that certain segments will encounter substantial challenges even as the global economy recovers from the pandemic. Essentially, nearly every business across various sectors has recalibrated their financial strategies to secure profitability in the upcoming years.

Moreover, the research evaluates regional growth rates, overall market size, expenditure data, and profitability analyses. A comprehensive assessment of competitive dynamics is included to furnish a substantial competitive advantage. Geographic analysis has been performed based on market share, projected growth, and key countries. A select group of major corporations commands a significant portion of this market. Competition within the global Manufacturing Automation industry is intensifying as leading companies vie to surpass each other. The report encompasses detailed revenue analyses, methodologies employed, product specifications, and profiles of significant market players.

To achieve optimal outcomes, essential market strategies are reviewed from both technological and commercial perspectives. Additionally, consumers can benefit from in-depth market research by gaining a better understanding of the analysis and accessing relevant data. The study offers readers a broad overview of the industry, assisting them in comprehending the competitive landscape of the international Manufacturing Automation Market.

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Key Highlights of the Report:
• Identifies numerous lucrative opportunities for major industry players.
• Provides clients with measurable insights into the current market conditions.
• Includes strategic business plans of key market competitors.
• Presents a thorough examination of the target market, highlighting factors such as drivers, opportunities, and threats.
• Equips stakeholders with information to make informed investment decisions.
• Offers a market overview, encompassing key drivers and risk factors.

Reasons to Purchase This Report:
• The global Manufacturing Automation Market research study offers valuable insights into the number of prominent companies operating on an international scale.
• It includes comprehensive company financials, technological advancements, supply chain/value chain trends, and significant innovations and developments.
• The report details mergers, acquisitions, joint ventures, key focus areas, investments, and market presence.
• Provides essential information about the target market's revenue, growth rate, and industry share, along with details on current driving forces, macro trends, and restraints.

Manufacturing Automation Market Competitive Landscape:

Prominent entities in the worldwide manufacturing automation industry, including Siemens, Rockwell Automation, and ABB, spearhead advancements by providing cutting-edge technologies and solutions that improve productivity and efficiency. These corporations engage in cross-sector collaborations to deploy automation systems that streamline processes and lower operational expenses for manufacturers on a global scale.

Prominent entities in the Manufacturing Automation sector consist of Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Honeywell International Inc., Fanuc Corporation, Emerson Electric Co., KUKA AG, Bosch Rexroth AG, Mitsubishi Heavy Industries, Ltd., Omron Corporation, General Electric Company, Ideagen PLC, and Johnson Controls International plc.

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Latest Trends and Innovation in the Global Manufacturing Automation Market:

• In March 2023, Siemens announced the acquisition of Brightly Software, a leading provider of cloud-based asset management solutions, aimed at enhancing Siemens' digital offerings in the manufacturing automation sector.
• In July 2023, Rockwell Automation launched its new FactoryTalk InnovationSuite, integrating artificial intelligence and IoT capabilities, which allows manufacturers to enhance productivity and reduce downtime through advanced analytics.
• In April 2023, Honeywell acquired the software company Ectobox, enhancing its capabilities in industrial automation by integrating Ectobox's predictive maintenance and asset management technologies.
• In February 2023, Mitsubishi Electric expanded its collaborative robot (cobot) line with the debut of the MELFA AS-F series, featuring advanced vision and AI capabilities to improve manufacturing flexibility and efficiency.
• In January 2023, ABB introduced its new digital platform, ABB Ability Genix, aimed at providing manufacturers with enhanced data analytics and machine learning tools to optimize operations and enhance decision-making processes.
• In May 2023, Schneider Electric announced a strategic partnership with Amazon Web Services (AWS) to accelerate digital transformation in manufacturing by leveraging cloud-computing technologies for scalable manufacturing solutions.
• In August 2023, Fanuc Corporation extended its range of high-speed CNC controllers, providing enhanced processing power for industrial robots and machine tools, aiming to further innovate the automation landscape in manufacturing.
• In September 2023, Emerson Electric completed the acquisition of Open Systems International (OSIsoft), strengthening its position in industrial software and data analytics, to improve operational efficiencies in manufacturing environments.

Segments of the Manufacturing Automation Market

By Component
• Hardware
• Software
• Services
• Professional Services
• Managed Services

By Technology
• PLC
• Robotics

By Deployment
• On-premise
• Cloud based

By Industrial
• Automotive
• Consumer Electronics
• Healthcare
• Transportation and Logistics
• Others

By Solution
• Control Systems
• Robotics and Autonomous Systems
• Monitoring and Diagnostics

By Enterprise Size
• SMEs
• Large Enterprises

By Application
• Assembly Line Automation
• Material Handling Automation
• Welding and Fabrication Automation
• Transportation and Logistics
• Packaging Automation
• Others

By End Use
• Discrete Manufacturing
• Process Manufacturing

By Propulsion Type
• Internal Combustion Engine (ICE)
• Electric
• Hybrid

Regional Overview
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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