Industrial Automation Control Market to Reach USD 27.5 Billion by 2034, Driven by Smart Technology and Manufacturing Demand

The latest report titled Global Industrial Automation Control Market contains an in-depth analysis of the fundamental parameters contributing to the global Industrial Automation Control market scenario. This research report offers readers an in-depth interpretation of the dynamics of the Industrial Automation Control market, including key drivers, opportunities, threats, and challenges. The report also briefly discusses key business strategies, supply-demand ratios, key regions, prominent market players, and offers a future outlook for the overall Industrial Automation Control industry. The market research report is a prototype 360° overview of the global Industrial Automation Control industry with estimated market value, share, growth trends, total revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications. reveal. The Industrial Automation Control Market is on a steady growth trajectory, with the global market size expected to rise from USD 13.0 billion in 2024 to USD 27.5 billion by 2034, growing at a CAGR of 7.80%. The demand is being fueled by the rising need for operational efficiency, the growing use of smart technologies like AI and IoT, and the widespread push for automation in manufacturing.

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As industries look for ways to streamline operations and cut costs, automation control systems are becoming more essential than ever. Companies are turning to AI, machine learning, and cloud-based solutions to improve productivity and quality. Key trends include the rapid growth in cloud automation tools, projected to increase by 25% per year, and the use of digital twins-virtual models of real-world systems-which McKinsey expects to grow by 40% by 2028.

Digital investment is also rising sharply, with industries increasing their tech spending by 15% each year. In parallel, smart manufacturing adoption is predicted to grow by 20% over the next decade, underscoring the growing confidence in automation technologies.

A major driver of this market is the adoption of Industry 4.0 technologies. The use of real-time data, smart sensors, and connected systems is reshaping modern manufacturing. According to Deloitte, 70% of manufacturers are expected to adopt IoT solutions by 2025, with adoption rising at a pace of 23% annually. These developments are being supported by public funding and policy support. The European Union's Horizon 2020 program, with a budget of €80 billion, is helping companies transition to smart manufacturing. In the U.S., the Smart Manufacturing Leadership Coalition-supported by the National Institute of Standards and Technology (NIST)-is leading similar efforts.

Regional Landscape section of the Industrial Automation Control report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)

• Europe (U.K., Italy, Germany, France, Rest of EU)

• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

• Latin America (Chile, Brazil, Argentina, Rest of Latin America)

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

New product innovations are also propelling the market. In 2024, Siemens launched its SIMATIC PCS neo, a web-based control system designed to improve flexibility and user experience in industrial settings. This solution is expected to capture a significant market share due to its ease of use and innovative features.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Industrial Automation Control market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic

Top 10 Companies

Siemens

Revenue: USD 86 billion

Region: Europe

Core Product: Industrial Automation Systems

Market Position: Siemens holds a 15% market share due to its strong presence in Europe and its focus on innovation and R&D.

Strategic Moves: Siemens has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

ABB

Revenue: USD 28 billion

Region: Europe

Core Product: Robotics and Automation Solutions

Market Position: ABB holds a 12% market share due to its strong presence in Europe and its focus on innovation and R&D.

Strategic Moves: ABB has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Rockwell Automation

Revenue: USD 7 billion

Region: North America

Core Product: Industrial Automation Systems

Market Position: Rockwell Automation holds a 10% market share due to its strong presence in North America and its focus on innovation and R&D.

Strategic Moves: Rockwell Automation has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Schneider Electric

Revenue: USD 30 billion

Region: Europe

Core Product: Energy Management and Automation Solutions

Market Position: Schneider Electric holds a 10% market share due to its strong presence in Europe and its focus on innovation and R&D.

Strategic Moves: Schneider Electric has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Honeywell

Revenue: USD 36 billion

Region: North America

Core Product: Industrial Automation Systems

Market Position: Honeywell holds a 9% market share due to its strong presence in North America and its focus on innovation and R&D.

Strategic Moves: Honeywell has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Mitsubishi Electric

Revenue: USD 40 billion

Region: Asia Pacific

Core Product: Industrial Automation Systems

Market Position: Mitsubishi Electric holds an 8% market share due to its strong presence in Asia Pacific and its focus on innovation and R&D.

Strategic Moves: Mitsubishi Electric has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Emerson Electric

Revenue: USD 18 billion

Region: North America

Core Product: Industrial Automation Systems

Market Position: Emerson Electric holds a 7% market share due to its strong presence in North America and its focus on innovation and R&D.

Strategic Moves: Emerson Electric has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Fanuc

Revenue: USD 6 billion

Region: Asia Pacific

Core Product: Robotics and Automation Solutions

Market Position: Fanuc holds a 6% market share due to its strong presence in Asia Pacific and its focus on innovation and R&D.

Strategic Moves: Fanuc has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Yaskawa Electric

Revenue: USD 4 billion

Region: Asia Pacific

Core Product: Robotics and Automation Solutions

Market Position: Yaskawa Electric holds a 5% market share due to its strong presence in Asia Pacific and its focus on innovation and R&D.

Strategic Moves: Yaskawa Electric has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

Omron

Revenue: USD 8 billion

Region: Asia Pacific

Core Product: Industrial Automation Systems

Market Position: Omron holds a 4% market share due to its strong presence in Asia Pacific and its focus on innovation and R&D.

Strategic Moves: Omron has invested heavily in digitalization and automation technologies, with a focus on IoT and AI integration.

However, the market also faces important challenges. A key concern is the complex regulatory environment. Companies must follow strict rules related to data protection, safety, and environmental impact, which can slow down adoption-especially among smaller manufacturers. For instance, meeting the requirements of Europe's General Data Protection Regulation (GDPR) has raised annual compliance costs by an estimated USD 1.5 billion.

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A PwC survey found that 62% of manufacturing leaders consider data security a major obstacle to adopting digital automation tools. Additional regulations, such as those set by the International Electrotechnical Commission (IEC), require time-consuming and costly certifications, creating hurdles for small and mid-sized businesses. These companies often lack the resources to keep up with frequent updates or to ensure that their systems meet all compliance standards.

The report bifurcates the Industrial Automation Control market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Industrial Automation Control Market Segmentation
By Product Type

Programmable Logic Controllers (PLCs)

Distributed Control Systems (DCS)

Supervisory Control and Data Acquisition (SCADA)

Human-Machine Interface (HMI)

Industrial Robots

Others

By Application

Process Automation

Discrete Automation

Hybrid Automation

By End User

Automotive

Electronics and Semiconductors

Pharmaceuticals

Food and Beverages

Oil and Gas

Others

By Technology

IoT and IIoT

Artificial Intelligence and Machine Learning

Cloud Computing

Big Data Analytics

Others

By Distribution Channel

Direct Sales

Distributors

Online Platforms

Another key challenge is the lack of standardized protocols across automation systems. This makes it difficult for companies to integrate new technologies seamlessly with existing systems, leading to higher costs and operational delays.

Despite these barriers, the long-term outlook remains strong. With rising investments, technological innovation, and growing awareness about the benefits of automation, the Industrial Automation Control Market is set to expand rapidly over the coming decade.

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