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Factory Automation And Industrial Controls Market

Factory Automation and Industrial Controls Market Forecasts to 2028 – Global Analysis By Product (Software, Services), Application (AI, Big Data Analytics), End User (Process Industries, Discrete Industries) and By Geography

4.1 (23 reviews)
Published: June 2021 ID: SMRC20597
4.1 (23 reviews)
Published: June 2021 ID: SMRC20597

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Factory Automation and Industrial Controls Market is accounted for $151.85 billion in 2020 and is expected to reach $339.86 billion by 2028 growing at a CAGR of 10.6% during the forecast period. An increase in the adoption of robots in the global manufacturing industry and initiatives undertaken by governments of different countries are driving the market growth. However, fluctuations in end-use industries are restraining the market growth.

 

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Automation is the use of information technology in combination with mechanical technology for manufacturing processes to make an efficient and smart manufacturing infrastructure. Factory automation & industrial controls systems can help in reducing the operational cost of manufacturing, and also help in standardizing the manufacturing process for improving quality. 

Based on product, the robots segment is going to have lucrative growth during the forecast period. Manufacturers are installing industrial robots to form production and distribution efficient and easy. Industrial robots are used to reduce human involvement in the production process, thereby reducing the cost of manufacturing with improved quality and increased production capacity.

By geography, Asia Pacific is going to have significant growth during the forecast period. An increase in industrial production in countries, such as China, India, and Germany and strong growth purchase manager index numbers from Australia, China, and the UK will influence the growth in the Asia Pacific.


Some of the key players profiled in the Factory Automation and Industrial Controls include Rockwell Automation Inc., Honeywell International Inc., General Electric Co., ABB Limited, Dassault Systemes SE, Schneider Electric SE, Emerson Electric Company, Autodesk Inc., Mitsubishi Electric Corporation, Siemens AG, Aspen Technology Inc, Robert Bosch GmbH, Texas Instruments Inc., and Yokogawa Electric Corporation.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 151.85 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

10.6%

Predicted 2028 Value:

USD 339.86 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

502

Chapters Covered:

Control System, Product, Application, End User and Region

Core Drivers and Opportunities:

  • Rise in adoption of robots in global manufacturing industry
  • Increased demand for safety compliance automation solutions
  • Adoption of Industry 4.0

Restraining Factors & Market Threats:

  • Significant initial capital investments and re-investments
  • Lack of skilled workforce


Control Systems Covered:
• Distributed Control Systems (DCS)    
• Functional Safety   
• Human-Machine Interface (HMI)   
• Manufacturing Execution Systems (MES)   
• Plant Asset Management (PAM)   
• Product Lifecycle Management (PLM)   
• Programmable Automation Controller (PAC)   
• Programmable Logic Controllers (PLC)   
• Safety Instrumented System (SIS)   
• Supervisory Control And Data Acquisition (SCADA)    

Products Covered:
• Software
• Machine Vision
• Sensors
• Power Backup
• Services
• Industrial Personal Computer (IPC)
• Industrial 3D Printing
• Motion and Drives
• Relays and Switches
• Industrial Control Systems
• Control Valves
• Field Device
• Automation Electronics
• Motor & Motor Control
• Remote Terminal Unit (RTU)
• Field Instruments
• Connectivity
• Robots
• Power and Energy Meters
• Measurement and Analytical Products
• Interrogate Threat System (ITS)

Applications Covered:
• Artificial Intelligence (AI)
• Augmented Reality (AR) and Virtual Reality (VR)
• Big Data Analytics
• Condition Monitoring
• Flow
• Industrial Cyber Security
• Industrial Internet of Things (IIoT)
• Level
• Pressure

End Users Covered:
• Process Industries
• Discrete Industries 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Factory Automation and Industrial Controls Market is majorly driven by increased adoption of internet of things (IoT) and machine- to-machine technologies, and rise in adoption of robots.

The sensors segment is growing at a highest CAGR due to the advancements in technologies and widespread use across a range of industries.

Asia Pacific dominated with a significant market share due to technological innovations and the high adoption of automation technologies in various industries.

North America market is growing at a highest CAGR due to its highly diversified industrial market and have a greater degree of flexibility in terms of expansion and innovation.

Key players in Factory Automation and Industrial Controls Market include ABB Limited, Aspen Technology Inc, Autodesk Inc., Dassault Systemes SE, Emerson Electric Company, General Electric Co, Honeywell International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Inc., and Yokogawa Electric Corporation.

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