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2025 Industrial Automation Industry Trends Report: Long-Term Outlook Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Industrial Automation Market Size By 2025?
The size of the industrial automation market has seen a pronounced increase in recent years. It is projected to expand from a value of $193.87 billion in 2024 to $205.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. Factors contributing to the growth observed in the historical period include the progressively widespread use of robotics, significant economic expansion in developing markets, governmental backing, and a rise in automotive manufacturing.
How Big Is the Industrial Automation Market Size Expected to Grow by 2029?
The projection for the industrial automation market size showcases a robust increase in the coming years, expecting to reach a staggering $290.14 billion by 2029 with a 9.1% Compound Annual Growth Rate (CAGR). The predicted growth for this period can be linked to the escalating adoption of Internet of Things (IoT), augmenting healthcare expenditures, a surge in demand from the agriculture sector, and a rise in passenger air traffic. Prominent trends projected in this timeframe include the employment of Artificial Intelligence (AI) to enhance efficiency and large-scale production, attention towards edge and cloud computing for instantaneous data processing, utilization of 5g technology, heightened emphasis on cybersecurity solutions, and a shift towards cloud robots.
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Which Key Market Drivers Powering Industrial Automation Market Expansion and Growth?
The escalating importance of robotics is anticipated to drive the expansion of the industrial automation industry. Robotics, which deals with the creation, production, and operation of intelligent machinery to aid humans, is progressively being employed in industrial automation procedures. This helps to control various processes and machines in an industry to boost efficiency, substitute human labor, and enhance speed and overall performance. For example, in April 2024, the International Federation of Robotics, a non-profit firm in Germany, reported that industrial robot installations had seen an increase by 12%, amounting to 44,303 units, in 2023. Hence, the growing relevance of robotics is fueling the industrial automation market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Automation Market?
Emerging technology is a prevalent trend gaining momentum in the industrial automation sector. Developments such as utilizing AI in robots enables them to independently learn and understand processes, allowing for interaction with both other robots and humans to a certain extent. The industry's major players are focusing on integrating AI technology into industrial robots in order to dominate the marketplace. For example, in March 2022, Mitsubishi Electric Corp, a Japanese electronics corporation, announced plans to launch new industrial robotic systems with their Maisart AI technologies incorporated, which include advanced speech recognition to assist operators in making necessary adjustments to robot actions.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Industrial Automation Market?
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.
Which are the Top Profitable Regional Markets for the Industrial Automation Industry?
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.
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