Press release
Strong Growth Ahead: Industrial Automation Market Size To Grow At Arecord 9.1% Cagr By 2029
Industrial Automation Market Size
How Big Is the Industrial Automation Market Size Expected to Be by 2034?
Over the past few years, the size of the industrial automation market has seen sizeable expansion. Projections show an increase from $193.87 billion in 2024 to $205.11 billion in 2025, which means a compound annual growth rate (CAGR) of 5.8%. The past surge in this market can be credited to the rising incorporation of robotics, robust economic expansion in developing markets, governmental backing, and a rise in automotive production.
Anticipations are high for a substantial growth in the industrial automation market size over the coming years, with projections estimating it will reach $290.14 billion by 2029, at a compound annual growth rate (CAGR) of 9.1%. This predicted escalation during the forecast period can be attributed to factors such as an increased adoption of IoT, further investment in healthcare, a growing demand in the agriculture sector, and a surge in passenger air travel. Key trends predicted over this timeframe include the use of artificial intelligence (AI) to hone efficiency and expand mass production, a focus on edge and cloud computing for instantaneous data processing, the application of 5g technology, an amplified focus on cybersecurity solutions, and the integration of cloud robots.
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What Are the Emerging Segments Within the Industrial Automation Market?
The industrial automation market covered in this report is segmented -
1) By Component: Industrial Robots, Human Machine Interface (HMI), Industrial Sensors, Control Valves , Other Components
2) By Control System: Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Other Control Systems.
3) By Industry: Aerospace And Defense, Automotive, Healthcare, Energy And Utilities, Food And Beverages, Oil And Gas, Mining, Transportation, Other Industries.
Subsegments:
1) By Industrial Robots: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Delta Robots
2) By Human Machine Interface (HMI): Touch Screen HMI, PC-based HMI, Web-based HMI, Mobile HMI
3) By Industrial Sensors: Proximity Sensors, Pressure Sensors, Temperature Sensors, Level Sensors, Flow Sensors
4) By Control Valves: Globe Control Valves, Ball Control Valves, Butterfly Control Valves, Solenoid Control Valves
5) By Other Components: PLCs (Programmable Logic Controllers), Industrial Ethernet Switches, Servo Drives And Motors, Data Acquisition Systems
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What Long-Term Drivers Are Shaping Industrial Automation Market Trends?
Industrial automation market's growth is anticipated to surge owing to the escalating importance of robotics. Essentially, robotics pertains to the creation, construction, and application of smart machinery meant to aid humans. There's a growing trend of using robotics in industrial automation procedures to manage diverse processes and machinery within an industry. This is done to boost efficiency, substitute manual labor, enhance speed, and elevate the entire performance level. For example, the number of industrial robot installations increased by 12% in 2023, with a total of 44,303 units, according to the International Federation of Robotics, a non-profit entity based in Germany. Consequently, the rise in the importance of robotics is spearheading the expansion of the industrial automation market.
Who Are the Top Competitors in Key Industrial Automation Market Segments?
Major companies operating in the industrial automation market include Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric, Fanuc Corporation, Omron Corporation, Emerson Electric Co., Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric, EFACEC Electric International Engineering Co. Ltd, Precision Product Handling International Ltd, HK AA Industrial Co., International Coalition of Intelligent Manufacturing, Switek Technology Automation Co., Ltd, Youibot Robotics, InterTech Development Company, United magnetics co., ltd, Immetech Industrial Co., Ltd, Zinsser Analytic GmbH, Wiesemann & Theis GmbH, Lammers Automation GmbH, syskomp gehmeyr GmbH, vision-tec gmbh, Otc Daihen Europe Gmbh, Koch Textilpflege GmbH, Alukeep GmbH, WSCAD Nederland, Engmatec, Hexagon, Indusoft, Ltd, Sinkross, TEKKNOW, Roxor Industry, VERYSELL Industrial Systems Automation, FST Rus LLC, ProSoft, Rusatom Automated Control Systems, SMS-Automation, RONDO RUS, BFG Group, ProMach Innovation Center, Omnirobotic, Proment Inc., Denson Automation Inc, Rebel Automated Systems, Honeywell International Inc, Cognex Corporation, Teradyne Inc., National Instruments Corporation, Plexus Corp., Nauticus Robotics Inc., Novanta Inc., Yokogawa Electric, CI24 Controles Inteligentes, Rewo Uruguay, Danlesco Gulf LLC, ASCORP Industrial Complex LLC, Spex Insulation Contracting, Kimans Inc, Team Switchgear And Control L.L.C, Telinstra FZCO, Autochim Systems, Control Systems Integration (Pty) Ltd, Festo South Africa, DIRECTECH GROUP, SMC Corporation, JMP Group, Protea automation solutions.
What Are the Major Trends Shaping the Industrial Automation Market?
Leading technological progressions are becoming increasingly prominent in the industrial automation market. Innovations like integrating AI into robots enhance their ability to independently comprehend processes, enabling them to interact with other robots and even humans in certain instances. Top competitors in the market are strategically incorporating AI technology into industrial robots to maintain their leading position. For example, in March 2022, Japan's Mitsubishi Electric Corp announced plans to launch new industrial robotic systems, integrated with its Maisart AI technologies which include high-precision speech recognition. This allows operators to adjust robot movements accordingly.
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Which Regions Are Becoming Hubs for Industrial Automation Market Innovation?
Asia-Pacific was the largest region in the industrial automation market in 2024. The regions covered in the industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Automation Market?
2. What is the CAGR expected in the Industrial Automation Market?
3. What Are the Key Innovations Transforming the Industrial Automation Industry?
4. Which Region Is Leading the Industrial Automation Market?
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