Press release
Steady Expansion Forecast for Industrial Automation Market, Projected to Reach $280.75 Billion by 2029
Industrial Automation
Industrial Automation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scale of the industrial automation market has seen remarkable growth in the past few years. The market's worth will increase from $198.43 billion in 2024 to $210.68 billion by 2025, driven by a compound annual growth rate (CAGR) of 6.2%. The historical growth trend is a result of factors such as an increase in robotics usage, robust economic expansion in emerging markets, governmental assistance, and a surge in automotive manufacturing.
Industrial Automation Market Size Forecast: What's the Projected Valuation by 2029?
The market size of industrial automation is predicted to experience robust growth in the upcoming years, anticipating to reach $280.75 billion in 2029 with a CAGR of 7.4%. This growth in the projected period is due to factors such as the growing adoption of IoT, elevated health-care spending, increased demand in the agriculture sector, and a rise in passenger air traffic. The major trends during the projected period involve using artificial intelligence to enhance efficiency and large-scale production, emphasizing edge and cloud computing for immediate data processing, deploying 5G technology, a focus on cybersecurity solutions, and concentrating on cloud robots.
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What Are the Drivers Transforming the Industrial Automation Market?
The expansion of the industrial automation market is anticipated to be driven by the growing prominence of robotics. Robotics, which entails the creation, fabrication, and usage of intelligent machines to aid human tasks, is becoming more prevalent in industrial automation techniques. Various processes and machinery in industries are managed by these systems to enhance productivity, supplant manual labor, and augment speed, thus improving overall performance. For instance, the International Federation of Robotics, a non-profit organization based in Germany, reported in April 2024, that there was a 12% increase in total industrial robot installations in 2023, amounting to 44,303 units. Therefore, the escalating importance of robotics is a key driver for the development of the industrial automation market.
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What Long-Term Trends Will Define the Future of the Industrial Automation Market?
Technological progress is becoming a key trend in the industrial automation market. Developments, such as AI integration in robots, enable them to learn processes autonomously. This level of self-sufficiency allows them to interact with other robots and humans in some circumstances. Major market players are concentrating their efforts on embedding AI technology into industrial robots in their quest for market dominance. For example, in March 2022, Mitsubishi Electric Corp., a leading electronics company in Japan, announced its plans to roll out new industrial robotic systems fitted with its Maisart AI technologies, including high-accuracy speech recognition, enabling operators to adjust robot movements as necessary.
Which Segments in the Industrial Automation Market Offer the Most Profit Potential?
The industrial automationmarket 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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Which Firms Dominate the Industrial Automation Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Industrial Automation Market?
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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