Factory Automation Market Share, Insights & Projections By 2031 | Most Leading Companies - ABB, Siemens, Schneider Electric, Mitsubishi Electric, General Electric, Honeywell

Factory Automation Market is estimated to reach a CAGR of 8.1% during the forecast period 2024-2031.

Factory Automation Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Factory automation refers to the use of control systems, such as computers, robots, and information technologies, to operate machinery and processes in manufacturing without direct human intervention. It enhances efficiency, precision, and safety while reducing production costs and manual labor. Factory automation includes systems like programmable logic controllers (PLCs), human-machine interfaces (HMIs), industrial robots, and automated guided vehicles (AGVs). It's widely used in industries such as automotive, electronics, food & beverage, and pharmaceuticals to improve productivity, maintain quality, and enable smart manufacturing.

List of the Key Players in the Factory Automation Market:

ABB, Siemens, Schneider Electric, Mitsubishi Electric, General Electric, Honeywell, Rockwell Automation, Yokogawa Electric Corporation, HP and Omron Corporation, among others.

Industry Development:

In January 2022, KUKA, a German industrial robot manufacturer, entered into an agreement with Ford Otosan, Ford's Turkish subsidiary, to deliver 700 robots for the company's new electric vehicle (EV) manufacturing facility in Kocaeli, Turkey.

Growth Forecast Projected:

The Global Factory Automation Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Factory Automation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Factory Automation Market:

By Component: Industrial Robots, Vision Machines, Control Valves, Field Instruments, Human-Machine Interface (HMI), Industrial PC, Sensors, Other

By Solutions: Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controllers (PLC), Distributed Control Systems (DCS), Manufacturing Execution Systems (MES), Product Lifecycle Management (PLM), Functional Safety, Plant Asset Management (PAM), Others

By End-User: Oil & Gas, Chemicals, Paper & Pulp, Pharmaceuticals, Mining & Metals, Food & Beverages, Energy & Power, Automotive, Electronics & Semiconductors, Aerospace and Defense, Medical Devices, Others

Regional Analysis for Factory Automation Market:

The regional analysis of the Factory Automation Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Factory Automation market?

➠ Who are the leading manufacturers in the global Factory Automation industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Factory Automation industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Factory Automation market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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