Industrial Automation Market is Except to reach USD 372.70 billion by 2032 With a CAGR of 8.30%, Dominate by North America With 37% Market Revenue

The global Industrial automation market size was valued at USD 196.94 billion in 2024 and is expected to reach USD 372.70 billion by 2032, at a CAGR of 8.30% during the forecast period 2024-2032

Industrial automation market growth is driven by smart factories, labor shortages, rising energy costs, AI integration, demand for precision manufacturing, and government-backed digitalization initiatives improving productivity, safety, and operational efficiency.

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United States: Key Industry Developments

✅ February 2026: Emerson Electric upgraded its automation portfolio by raising its 2026 profit forecast, citing robust ongoing industrial automation equipment demand across North America, especially in smart manufacturing and software systems.

✅ January 2026: Hyundai/Boston Dynamics revealed at CES 2026 that humanoid robots will be deployed in a U.S. automotive factory starting in 2028, signalling future advanced automation adoption within American industrial facilities.

✅ November 2025: U.S. government introduced the Smart Manufacturing Resilience Initiative with $1.5 billion in funding to accelerate adoption of automation, robotics, and digital systems in critical supply chain sectors like semiconductors and EV batteries.

Japan: Key Industry Developments

✅ December 2025: Fanuc and Nvidia announced collaboration on "physical AI" for industrial robots designed to respond to verbal commands and operate safely around humans - a major advancement toward AI-enhanced smart automation systems.

✅ October 2025: SoftBank agreed to acquire ABB's robotics division for $5.4 billion, expanding Japan's role in next-generation automation and merging legacy automation tech with advanced AI robotics.

✅ October 2025: Japan marked continued industrial robot order growth for a fifth consecutive quarter, driven by automotive, electronics, and precision manufacturing demand for advanced automation systems.

✅ September 2025: Mitsubishi Electric announced the acquisition of Nozomi Networks (industrial OT/IoT & cybersecurity), bolstering Japan's secure, digitally enabled industrial automation solutions.

Accounts Payable Automation Market Recent M&A activities:-
→ On December 3, 2025, Spherea completed the acquisition of Averna, a provider of automated test and quality engineering solutions, in a deal valued at approximately $320 million . This consolidation expands Spherea's footprint in industrial automation test, vision inspection, and RF/microwave technologies across global markets.

→ On December 1, 2025, The Tecan Group acquired Wako Automation assets, integrating the DirectorTM scheduling software and related hardware into its automation platform. Transaction value was not publicly disclosed by Tecan in official filings, but it represents a strategic expansion into high-throughput robotic workflows within laboratory and industrial automation environments.

→ On October 8, 2025, SoftBank Group Corp. agreed to acquire ABB Ltd's Robotics business-a key industrial automation robotics unit-for approximately $5.375 billion. The agreement was signed on this date and the transaction is expected to close in mid-to-late 2026, pending regulatory approvals. This major deal strengthens SoftBank's robotics and "physical AI" strategy while transferring one of the automation industry's core robotics operations.

Accounts Payable Automation Market key Players:-
ABB Ltd, Siemens, Rockwell Automation, Mitsubishi Electric, Honeywell, Schneider Electric, and Emerson Electric.

Top 5 Key Players Analysis:-
Siemens AG - A global leader with around 13%+ market share in industrial automation control products and systems, known for its SIMATIC PLCs and digital industrial solutions.
It offers end-to-end automation and digitalization platforms across manufacturing and process industries.

ABB Ltd. - Holds about 10%+ share in the industrial automation market, strong in robotics, drives, and electrification products.
ABB is known for its wide automation portfolio, including robotics and process control systems.

Rockwell Automation - Around 7%+ market share, especially strong in North America with Allen-Bradley hardware and FactoryTalk software.
Focuses on control, information, and connected enterprise solutions for discrete and factory automation.

Schneider Electric - Estimated 11% share globally, blending automation with energy management solutions.
Its EcoStruxure platform integrates automation, energy efficiency, and IoT for smarter operations.

Mitsubishi Electric - Roughly 8%+ share, particularly strong in Asia with MELSEC PLCs and automation systems.

Accounts Payable Automation Market Top Technological Partnerships (2026 & 2025):-
Rockwell Automation reaffirmed its partnership with the Connected Systems Institute (CSI) through a $1 million, multi-year strategic commitment strengthening industrial automation research and regional manufacturing innovation.

Siemens and NVIDIA broaden their collaboration to co-build the Industrial AI Operating System embedding AI across planning, production, operations and supply chain automation for industrial environments.

Viam teamed up with Universal Robots to make UR's collaborative robots flagship hardware partners for Viam's advanced robotics platform driving AI-powered automation solutions.

Inductive Automation launched its Ignition Technology Ecosystem, with Teguar joining as a founding technology partner enhancing hardware support for automation solutions using the Ignition platform.

OMRON added MESH Automation as an authorized robotic systems integrator partner, expanding turnkey automation deployment capabilities especially in material handling and control systems.

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Accounts Payable Automation Market Drivers :-
Across industrial sectors, the Industrial Internet of Things (IIoT) is reshaping automation dynamics by connecting machines, sensors, and control systems. This connected infrastructure enables real-time monitoring, predictive analytics, and remote operational control, accelerating adoption of automation solutions that were previously siloed or manual. Industry observers note that IIoT technologies are central to digital transformation strategies in manufacturing, unlocking efficiency improvements and laying the groundwork for smart factories.

Manufacturers are under constant pressure to reduce costs and increase output. Automation technologies especially robotics, advanced control systems, and AI-enabled platforms-deliver measurable productivity improvements, with industry estimates suggesting productivity gains as high as 20% and significant error and downtime reductions.

Industrial robots remain a cornerstone of automation expansion. With millions of robots operating globally and increasing installations year-over-year, robotics adoption is a key force driving automation investment. This is reflected in trends such as greater robot density in advanced manufacturing nations and broader use of collaborative robots (cobots) that are easier and safer to deploy alongside human workers.

Automation systems enriched with artificial intelligence and advanced analytics can anticipate failures, optimize workflows, and execute adaptive control strategies. Adoption of predictive maintenance and edge computing frameworks is enabling companies to boost uptime and responsiveness-critical competitive advantages in volatile markets.

Accounts Payable Automation Market Regional Insights:-

1. North America

Market Share & Position: North America holds the largest share globally (37% of total revenue), driven by early adoption of advanced automation technologies, strong IT infrastructure, and major enterprise uptake.
Growth Drivers: The U.S. and Canada lead in cloud-based and AI-enabled AP automation due to digital transformation priorities and demand for operational efficiency.

2. Europe

Market Share & Position: Europe accounts for roughly 29% of the market, with strong adoption supported by regulatory compliance (e-invoicing mandates and VAT reforms) and established enterprise deployment.
Growth Drivers: Germany, U.K., and France are key contributors, focusing on automation for compliance, cross-border invoice workflows, and finance process optimization.

3. Asia Pacific

Market Share & Position: Asia Pacific holds about 24% of market share and is often cited as the fastest-growing region, propelled by rapid digitalization and SME adoption.
Growth Drivers: China, India, Japan, and Australia are expanding AP automation uptake as part of broader enterprise software adoption and digital finance modernization.

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Accounts Payable Automation Market Market Segmentation

By Type:
The industrial automation market by type is categorized into programmable automation and fixed automation. Programmable automation offers flexibility and reconfigurability, making it ideal for batch production and customized manufacturing, while fixed automation is designed for high-volume, repetitive operations where speed, efficiency, and consistency are critical.

By Technique:
Based on technique, the market includes systems such as SCADA, programmable automation controllers, programmable logic controllers, human machine interfaces, and other control solutions. These techniques enable real-time monitoring, process control, data visualization, and operational optimization, forming the digital backbone of smart and connected industrial environments.

By Application:
By application, industrial automation is widely adopted across automotive & transportation, pharmaceuticals, food & beverages, machine manufacturing, electric power generation, aerospace & defense, and electrical & electronics industries. Automation enhances production accuracy, regulatory compliance, operational safety, and energy efficiency, while supporting large-scale manufacturing and complex industrial processes.

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