Global Industrial Automation Market Segmentation, Demand and Supply Trends 2023

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Summary - A new market study, titled “Industrial Automation Market, by Type (Fixed Automation and Programmable Automation), by Technology (SCADA, PAC, PLC, DCS, HMI) and End-User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electronics, Automotive, Pharmaceuticals) - Forecast to 2023 ” has been featured on WiseGuyReports.
Industrial automation utilizes various devices such as control systems, computers, robots, technology sets, and programmable controllers to carry out industrial operations without human intervention. Industrial automation is conducted at four levels—structure, automation control, supervision, and enterprise. At the structure level, sensors and actuators are used to obtain process variables in a continuous or periodic manner. At the automation control level, devices such as PCs, programmable logic controllers (PLCs), and distributed control systems (DCS) provide industrial process control. The supervisory control and data acquisition (SCADA) or supervision level is when data is acquired from various control devices and displayed through human-machine interfaces (HMIs) which interact with field devices. At the enterprise level, various tasks such as scheduling, sales, ordering, and product planning are carried out. Industrial automation allows enterprises to manufacture large volumes of high-quality products at a faster rate. Also, with the adoption of automation, companies can remain competitive in the manufacturing industry.
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Government policies supporting the adoption of industrial automation, increasing demand for industrial automation in manufacturing industries, and the growing focus of organizations on worker safety are the major factors enhancing the growth of the industrial automation market. However, the high implementation cost of equipment may hamper the market growth in the forecast period.
The global industrial automation market is expected to grow at a 9.35% CAGR during the forecast period 2018–2023. In 2017, the market was led by Europe with 38.18% share, followed by North America and Asia-Pacific with 29.47% and 24.63% market shares respectively. The increasing adoption of industrial robots and growing automotive manufacturing plants in these regions are the major factors fueling the growth of the market.
The global industrial automation market has been segmented based on type, technology, end user, and region.
On the basis of type, the market has been segmented into fixed automation and programmable automation. On the basis of technology, the market has been segmented into supervisory control & data acquisition (SCADA), distributed control system (DCS), programmable logic controller (PLC), human-machine interface (HMI), programmable automation controller (PAC), and others. On the basis of end user, the market has been segmented into machine manufacturing, oil & gas, aerospace & defence, electrical & electronics, automotive & transportation, mining & metals, food & beverage, and pharmaceuticals. By region, the market has been segmented into North America, Asia-Pacific, Europe, and the rest of the world.
Based on type, the fixed automation segment accounted for the largest market share with a market value of USD 94.76 billion in 2017, which is projected to grow at the CAGR of 8.80% during the forecast period. Based on technology, the programmable logic controller (PLC) segment accounted for the largest market share with a market value of USD 36.80 billion in 2017 and is projected to grow at the CAGR of 6.48%. Based on end user, automotive & transportation segment accounted for the largest market share with a market value of USD 23.78 billion in 2017 and is projected to grow at the CAGR of 10.91%.
The global industrial automation market is expected to reach approximately USD 216.47 billion by 2023, growing at a CAGR of 9.35% between 2018 and 2023.
Key Players
The key players of global industrial automation market are Siemens AG, ABB Ltd, Emerson Electric Co., General Electric Company, Schneider Electric SE, Honeywell International, Inc., Mitsubishi Electric Corporation, Yokogawa Electric, Rockwell Automation, Inc., Ametek, Inc., and Fanuc Corporation.
Global Industrial Automation Market Analysis & Forecast, from 2017 to 2023
• To provide a detailed analysis of the market structure along with the various segments and sub-segments of the industrial automation market for forecast for the next six years
• To provide insights about factors affecting the market growth
• To analyze the global industrial automation market based on various tools such as Porter’s five force analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country-level analysis of the market with respect to the current market size and future prospective
• To provide country-level analysis of the market for segments by type, technology, end-users, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the industrial automation market
Target Audience
• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrator
Key Findings
• The global industrial automation market is expected to reach USD 216.47 billion by 2023.
• Based on type, the fixed automation segment accounted for the largest market share with a market value of USD 94.76 billion in 2017 and is projected to grow at the CAGR of 8.80% during the forecast period.
• Based on technology, the programmable logic controller (PLC) segment accounted for the largest market share with a market value of USD 36.80 billion in 2017 and is projected to grow at the CAGR of 6.48%.
• Based on end user, automotive & transportation segment accounted for the largest market share with a market value of USD 23.78 billion in 2017 and is projected to grow at the CAGR of 10.91%.
• Geographically, Europe is projected to hold the largest market share in the global industrial automation market followed by North America, Asia-Pacific, and the rest of the world.
Regional and Country Analysis of Industrial automation Market Estimation and Forecast
The global industrial automation market was led by Europe and occupied 38.18% of the total market share in 2017. North America held the second position in the global industrial automation market globally by occupying 29.47% of the total market share in 2017. Asia-Pacific is the fastest growing market at 11.39% CAGR. However, the market in the rest of the world is growing at a relatively slow rate and occupied only 7.63% market share in 2017.
The report on the global industrial automation market also covers the following countries for country-level analysis:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o The Middle East & Africa
o Latin America
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