2025-2034 Industrial Control & Factory Automation Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Industrial Control & Factory Automation Industry Market Size Be by 2025?
The market size for industrial control and factory automation has seen robust growth in the recent past. The market is expected to expand from $160.2 billion in 2024 to $172.87 billion in 2025, marking a compound annual growth rate (CAGR) of 7.9%. The historical growth has been driven by objectives for increasing efficiency and reducing costs, the incorporation of DCS systems, the integration of MES systems, and the use of human-machine interface (HMI) and computer numerical control (CNC).

What's the Long-Term Growth Forecast for the Industrial Control & Factory Automation Market Size Through 2029?
The size of the industrial control & factory automation market is predicted to experience significant expansion in the upcoming years. By 2029, it is expected to reach a size of $246.29 billion, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this projected growth during the forecast period include the implementation of smart manufacturing techniques, focus on energy efficiency, integration of artificial intelligence and machine learning, widespread use of IoT devices, and the progression of industry 4.0. Key trends expected during this timeframe consist of remote and smart manufacturing, greater emphasis on energy efficiency and sustainability, adoption of predictive maintenance methodologies, application of edge computing in automation, and increased cybersecurity efforts.

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What Are the Key Growth Drivers Fueling the Industrial Control & Factory Automation Market Expansion?
The proliferation of connected businesses is poised to boost the development of the industrial control and factory automation market. Digital transformation of every business process through IoT technology is what characterizes these connected enterprises, enhancing operational efficiency. This is closely tied to business process automation, a critical component that reduces the reliance on less skilled resources in factories. This frees up these resources to be used in the integration of more advanced technologies and digital systems. The Australian Bureau Of Statistics, a government entity based in Australia, reported in June 2023 that almost a third (31%) of businesses recorded the use of 5G mobile wireless internet in the fiscal year ending June 2022, which is a significant rise from the years before. This surge in the number of digitally transformed businesses is contributing to the expansion of the industrial control and factory automation market.

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What Are the Key Trends Driving Industrial Control & Factory Automation Market Growth?
Major firms in the industrial control and factory automation market are prioritizing innovation in the development of products targeted at industrial automation. Their goals are to increase operational productivity, minimize downtime, enhance precision, and satisfy a growing need for smart manufacturing solutions. A new product range, referred to as the RCS series, is designed to tackle typical problems encountered during the establishment, calibration, and upkeep of industrial robots. For example, in May 2023, Renishaw, an engineering company based in the UK, ventured into the industrial automation market with the aim of boosting robot setup and maintenance. The RCS lineup consists of the RCS L-90, RCS T-90, and the RCS P series that are all aimed at augmenting operational accuracy and shortening setup periods. Using sophisticated software for tracking and diagnostics, these products aim to overcome present issues in robot performance.

How Is the Industrial Control & Factory Automation Market Segmented?
The industrial control & factory automation market covered in this report is segmented -

1) By Component: Industrial Robots, Machine Vision System, Process Analyzer, Field Instruments, Human-Machine Interface (HMI), Industrial PC, Industrial Sensors, Industrial 3D Printing, Vibration Monitoring, Other Components
2) By Solution: Distributed Control System (DCS), Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Plant Asset Management (PAM), Functional Safety
3) By Industry: Process Industry, Discrete Industry

Subsegments:
1) By Industrial Robots: Articulated Robots, SCARA Robots, Collaborative Robots (Cobots), Cartesian Robots
2) By Machine Vision System: 2D Machine Vision Systems, 3D Machine Vision Systems, Smart Cameras, Vision Sensors
3) By Process Analyzer: Gas Analyzers, Liquid Analyzers, Multi-Parameter Analyzers
4) By Field Instruments: Flow Meters, Pressure Transmitters, Temperature Sensors, Level Sensors
5) By Human-Machine Interface (HMI): Touchscreen HMIs, Software-Based HMIs
6) By Industrial PCs: Rack-Mounted Industrial PCs, Panel PCs, Embedded Industrial PCs
7) By Industrial Sensors: Proximity Sensors, Temperature Sensors, Pressure Sensors, Vibration Sensors
8) By Industrial 3D Printing: Additive Manufacturing Systems, 3D Printers For Prototyping, Industrial 3D Printing Materials
9) By Vibration Monitoring: Portable Vibration Analyzers, Online Vibration Monitoring Systems, Vibration Sensors
10) By Other Components: Programmable Logic Controllers (PLCs), Drives And Motors, Networking Equipment

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Which Companies Are Leading the Charge in Industrial Control & Factory Automation Market Innovation?
Major companies operating in the industrial control & factory automation market include ABB Ltd., Emerson Electric Co., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric Company, Rockwell Automation Inc., Honeywell International Inc., Yokogawa Electric Corporation, Omron Corporation, Endress+Hauser Group, FANUC Corporation, WIKA Alexander Wiegand SE & Co KG, Dwyer Instruments Inc., Azbil Corporation, Krohne Group, Fuji Electric Co Ltd., Hitachi Ltd., VEGA Grieshaber KG, Inxpect SPA, Yaskawa America Inc., Roboze SPA, Seiko Epson Corporation, Advantech Co Ltd., RS Americas Inc., Applied Materials Inc., Aspen Technology Inc., Beckhoff Automation GmbH & Co KG, Bosch Rexroth AG, Cognex Corporation, Danaher Corporation, Delta Electronics Inc.

Which Regions Are Leading the Global Industrial Control & Factory Automation Market in Revenue?
Asia-Pacific was the largest region in the industrial control & factory automation market share in 2024. The regions covered in the industrial control & factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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