Factory Automation Market to Reach USD 674.06 Billion by 2035, Growing at a 9.82% CAGR | Industry 4.0 and Smart Manufacturing Initiatives Drive Demand

The global Factory Automation market was valued at USD 240.55 Billion in 2024 and is projected to reach USD 674.06 Billion by 2035, growing at a robust CAGR of 9.82% during the forecast period from 2025 to 2035.

Driven by increased awareness of operational efficiency, the rapid integration of the Industrial Internet of Things (IIoT), and a growing need for sustainable and optimized manufacturing, factory automation solutions are seeing widespread adoption across industrial and commercial sectors.

Key Market Drivers

Growing Industry 4.0 and IIoT Adoption The global shift toward smart factories and interconnected machinery is making real-time data analytics and automated control a priority for modern manufacturers.

Government Initiatives and Regulatory Support National policies promoting digitalization, subsidies for smart manufacturing technology, and mandates for workplace safety are accelerating automation installations globally.
Need for Operational Cost Reduction Organizations are leveraging automation to minimize human error, reduce material waste, and lower long-term operational costs despite initial capital investments.

Advancements in Robotics and AI The proliferation of collaborative robots (cobots) and AI-driven predictive maintenance allows factories to optimize production lines and enhance grid-like resilience in supply chains.
Rising Labor Costs and Workforce Shortages The increasing cost of manual labor and the shortage of skilled technicians in many regions are driving manufacturers to adopt automated systems to maintain production capacity.

Request To Free Sample of This Strategic Report ➤ https://www.marketresearchfuture.com/sample_request/3565

Market Segmentation Highlights

1. By Component:

• Hardware: Includes sensors, controllers (PLC/DCS), industrial robots, and HMI. The industrial robots segment is a significant revenue contributor due to high demand in assembly.
• Software: Encompasses SCADA, Manufacturing Execution Systems (MES), and PLM tools used for data acquisition and monitoring.
• Services: Implementation, consulting, and maintenance services to optimize system deployment and performance.

2. By Type:

• Discrete Automation: The leading segment (holding over 54% share); vital for automotive, electronics, and heavy machinery operations.
• Process Automation: Used in continuous production environments such as oil & gas, chemicals, and pharmaceuticals.

3. By Deployment Mode:

• On-Premises: Preferred by large-scale industries for high customization, data security, and control.
• Cloud-Based: Fast-growing segment due to the flexibility, scalability, and remote accessibility required for modern digital manufacturing.

Browse In-depth Market Research Report ➤ https://www.marketresearchfuture.com/reports/factory-automation-market-3565

Regional Analysis

• Asia-Pacific - Market Leader (45% share): Driven by rapid industrialization, a massive manufacturing base, and government-led digitalization initiatives in China, India, and Japan.
• North America: Characterized by early adoption of IoT-based automation and significant investments in aerospace, defense, and automotive sectors.
• Europe: Driven by EU industrial directives, carbon neutrality targets, and advanced Industry 4.0 projects in Germany and the UK.
• South America & MEA: Emerging economies showing gradual uptake driven by modernization of infrastructure and mining operations.

Key Market Opportunities

Smart Factories and Infrastructure Modernization Integration of automation with urban planning and industrial zones to support sustainable, high-tech manufacturing hubs.
Growth in SME Adoption The development of modular and cost-effective automation solutions is opening the market to Small and Medium Enterprises (SMEs).
Industrial 5G Integration The deployment of 5G networks provides the low-latency connectivity necessary for highly responsive and autonomous factory floors.
Predictive Maintenance and Digital Twins Using AI and virtual models to simulate production processes and predict equipment failure before it occurs, significantly reducing downtime.

Buy Now Premium Research Report ➤ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=3565

Competitive Landscape

The factory automation market is highly competitive, with companies focusing on advanced analytics, AI integration, and strategic partnerships. Key players include:
• Siemens AG
• ABB Ltd.
• Rockwell Automation, Inc.
• Honeywell International Inc.
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Fanuc Corporation
• Omron Corporation
• Yokogawa Electric Corporation

Read More Articles:

Metrology Market-https://www.marketresearchfuture.com/reports/metrology-market-1064

Mechanical Keyboard Market-https://www.marketresearchfuture.com/reports/mechanical-keyboard-market-1215

Motion Control Market-https://www.marketresearchfuture.com/reports/motion-control-market-1929

Silicon Wafers Market-https://www.marketresearchfuture.com/reports/silicon-wafers-market-2052

Smart Factory Market-https://www.marketresearchfuture.com/reports/smart-factory-market-2317

Machine Condition Monitoring Market-https://www.marketresearchfuture.com/reports/machine-condition-monitoring-market-2776

Industrial Control System (ICS) Security Market-https://www.marketresearchfuture.com/reports/industrial-control-system-security-market-2924

Functional Safety Market-https://www.marketresearchfuture.com/reports/functional-safety-market-3220

Factory Automation Market-https://www.marketresearchfuture.com/reports/factory-automation-market-3565

Telecom Equipment Market-https://www.marketresearchfuture.com/reports/telecom-equipment-market-4441

About US
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:
Market Research Future
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Sales: +1 628 258 0071(US)
+44 2035 002 764(UK
Email: sales@marketresearchfuture.com

This release was published on openPR.