Industrial Automation Market Forecast: $169.99 Billion in 2024 to $326.49 Billion by 2032

Industrial Automation Market size was valued at USD 169.99 Billion in 2024 and the total Industrial Automation revenue is expected to grow at a CAGR of 8.5% from 2025 to 2032, reaching nearly USD 326.49 Billion.

Industrial Automation Market Overview:

The industrial automation market represents the technological ecosystem that enables the autonomous operation of industrial equipment and processes, minimizing human intervention. It encompasses a wide array of hardware, software, and systems-including PLCs, SCADA, DCS, robotics, and sensors-that work in concert to control and monitor production lines, machinery, and entire plants. This foundational shift from manual control to integrated, automated systems is primarily driven by the relentless pursuit of enhanced operational efficiency, superior product quality, and reduced downtime across manufacturing and process industries.

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Industrial Automation Market Outlook and Future Trends:

Looking ahead, the market's trajectory is set to be defined by the deeper integration of disruptive technologies that blur the lines between the physical and digital worlds. The convergence of AI and machine learning with automation platforms is paving the way for predictive maintenance and self-optimizing systems, while the expansion of Industrial IoT (IIoT) provides the critical data backbone for these smart operations. Furthermore, the rise of collaborative robotics (cobots) is making automation more accessible and flexible for small and medium-sized enterprises, and a growing emphasis on sustainability is driving the adoption of energy-efficient automation solutions.

Industrial Automation Market Dynamics:

The dynamics propelling this market are a powerful mix of compelling drivers and notable challenges. Key growth catalysts include the escalating demand for mass customization of products, which requires flexible manufacturing systems, and the urgent need to improve workplace safety by deploying robots in hazardous environments. The persistent industry-wide skilled labor shortage is also accelerating investment in automation as a solution. Conversely, the market faces significant headwinds, such as the substantial capital investment required for initial setup and integration, alongside persistent concerns regarding cybersecurity vulnerabilities within increasingly connected industrial networks.

Industrial Automation Market Key Recent Developments:

In recent developments, the industry has witnessed a surge in strategic partnerships and acquisitions, as established automation giants seek to acquire niche AI and software capabilities to enhance their offerings. There is also a marked acceleration in the adoption of digital twin technology, which allows companies to create and test virtual replicas of physical systems for simulation and optimization. Additionally, the concept of hyperautomation-or the orchestrated use of multiple technologies to automate complex processes end-to-end-has emerged as a significant trend, moving beyond simple task automation to transform entire business operations.

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Industrial Automation Market Segmentation:

by Components

Hardware
Software

by Product Distributed

Control Systems
HMI
Industrial Robots
MVS
Manufacturing Execution Systems
PLC
SCADA

by Mode of Automation

Flexible
Fixed
Integrated

by Type of Offering

Solution
Enterprise level controls
Plant Instrumentation
Services

by Deployment Mode

Cloud Based
On Premises

by Application

Assembly Line
Automation
Material Handling
Packaging
Quality Control and Inspection
Supply Chain Automation

by End Use Industry

Oil & Gas
Chemicals
Food & Beverages
Energy & Power
Automotive
Machine Manufacturing
Water & Wastewater Treatment
Electronics & Semiconductors
Metals & Mining
Others

Some of the current players in the Industrial Automation Market are:

1. FANUC (Japan)
2. Yaskawa Electric Corporation (Japan)
3. Toshiba Corporation (Japan)
4. Yokogawa Electric Corporation (Japan)
5. Fuji Electric Co., Ltd. (Japan)
6. Hitachi, Ltd. (Japan)
7. Omron Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Keyence Corporation (Japan)
10. Accurate Industrial Controls Pvt. Ltd. (India)
11. Honeywell International Inc (US)
12. Emerson Electric Co. (US)
13. General Electric Company (US)
14. Rockwell Automation, Inc (US)
15. Danaher Corporation (US)
16. NATIONAL INSTRUMENTS CORP (US)
17. Roper Technologies, Inc (US)
18. Voith GmbH (Germany)
19. Siemens AG (Germany)
20. Kuka AG (Germany)
21. Bosch Rexroth Corporation (Germany)
22. Phoenix Contact (Germany)
23. MARCO Limited (UK)
24. Schneider Electric SE (France)
25. Endress+Hauser (Switzerland)
26. ABB Ltd. (Switzerland)
27. Danfoss A/S (Denmark)
28. Tegan Innovations (Ireland)

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