Factory Automation Market Forecasts to 2030 - Global Analysis By Product (Industrial Control Systems and Field Devices), Type (Flexible Automation, Programmable Automation, Fixed Automation and Integrated Automation), Component, End User and By Geography
Estimated Year Value (2023)
US $297.19 BN
Projected Year Value (2030)
US $605.44 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Factory Automation Market is accounted for $297.19 billion in 2023 and is expected to reach $605.44 billion by 2030 growing at a CAGR of 10.7% during the forecast period. Factory automation refers to the use of technology and machinery to perform tasks in a manufacturing or production process with minimal human intervention. It enhances the productivity & quality of products and simultaneously decreases the production cost. It comprises the use of computers, robots, control systems, and information technologies to handle industrial processes. Factory automation can lead to increased efficiency, reduced human error, improved product quality, and ultimately, a more competitive and sustainable manufacturing operation.
According to the report by the International Federation of Robotics, in 2019, the robot density in the US industries was 1,287 installed units per 10,000 employees, making the country ranked seventh worldwide.
Increasing government initiatives
Governments around the world have recognized the importance of factory automation in enhancing productivity, competitiveness, and economic growth. As a result, they often implement various initiatives to support and promote the adoption of automation technologies in manufacturing industries. Governments may engage in international cooperation, negotiate trade agreements, sponsor technology demonstration projects, offer financial incentives, tax breaks, or subsidies to encourage companies to invest in automation technologies. These incentives can help offset the initial costs of automation implementation.
Integrating automation systems with existing machinery, processes, and IT infrastructure can be complex and time-consuming. It may require significant engineering expertise and entail production downtime during implementation. Compliance with industry standards and regulations must be ensured during the integration process. This adds complexity to the design and implementation of automated systems. Designing an automation system with scalability in mind adds an extra layer of complexity. All these elements hampers the market demand.
Rising adoption of industry 4.0
Industry 4.0 emphasizes connectivity between machines, systems, and processes. This interconnectedness allows for seamless communication and collaboration, enabling a more integrated and streamlined production environment. It facilitates more flexible and agile production processes. Industry 4.0 technologies provide enhanced visibility and control over the entire supply chain. This allows for better demand forecasting, inventory management, and coordination with suppliers. Industry 4.0 represents a paradigm shift in manufacturing, offering a wide range of benefits that drive efficiency, agility, and competitiveness for factories and industries across the globe.
High initial investment costs
Automation systems often rely on sophisticated software for programming, monitoring, and controlling processes. Automation requires the purchase of specialized machinery, such as robots, conveyors, sensors, and programmable logic controllers (PLCs), which tend to be expensive. Licensing fees, development costs, and software customization can all contribute to the high initial investment. While not part of the initial investment, ongoing maintenance, repairs, and software updates hinders the market growth.
The outbreak of COVID-19 has significantly impacted the growth of the factory automation solutions owing to a significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdowns, globally. However, the rise in demand for industrial Internet of Things solutions across prime manufacturing sectors is one of the major factors that propel the market growth during the epidemic.
The programmable automation segment is expected to be the largest during the forecast period
The programmable automation segment is estimated to have a lucrative growth. Programmable automation is an automation system used in manufacturing and production facilities. It involves the use of programmable logic controllers (PLCs) or other computing devices to control and coordinate the operation of various machines, processes, and equipment in a factory. PLCs can be reprogrammed and reconfigured to adapt to different production requirements, making it suitable for facilities with a wide range of products and processes. Programmable automation plays a crucial role in modern manufacturing, allowing companies to achieve higher levels of efficiency, flexibility, and control over their production processes.
The discrete automation segment is expected to have the highest CAGR during the forecast period
The discrete automation segment is anticipated to witness the fastest CAGR growth during the forecast period. Discrete automation in the context of factory automation refers to the automation of tasks or processes that involve the production of distinct, individual items or products. It helps companies achieve higher levels of productivity, quality, and flexibility in their production processes. Discrete automation reduces the time required to complete tasks, leading to higher production rates and increased output. It enables companies to operate more efficiently, effectively, and competitively in today's dynamic business environment.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Japan is the largest producer of robots and factory automation systems. China is a major producer of sensors, batteries, microchips, and other components used in the IoT system. In addition, in India, government initiatives such as Make in India and MSME support small and medium-sized businesses to adopt advanced manufacturing solutions. Such active initiatives by the government are expected to propel market growth in this region. The presence of robotics & factory automation products and major manufacturing companies in the region is fuelling the market demand.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. Europe is home to several globally renowned automation equipment and technology suppliers. Countries like Germany, Switzerland, and Italy have a rich ecosystem of automation companies, providing cutting-edge solutions to industries worldwide. European countries have been at the forefront of adopting and advancing automation technologies to improve productivity, enhance competitiveness, and address challenges such as an aging workforce and rising labor costs. The continue investments, collaborations and growing projects in the region are boosting the market demand.
Key players in the market
Some of the key players profiled in the Factory Automation Market include Danaher Industrial Limited, Siemens AG, ABB Limited, Emerson Process Management, Rockwell Automation, Schneider Electric, Honeywell Process Solutions, Mitsubishi Electric, Yokogawa Electric, Omron Automation, SMEC Automation Limited, Hitech Digital Solutions LLP, PHOENIX CONTACT, SmartClean Technologies Limited, JM VisTec System, Elaratech Automation, Festo Inc., SAVCOS Automation Limited, FANUC America Corporation and Quadrant Technologies.
In June 2022, Mitsubishi Electric Corporation announced that it would invest around INR 2.2 billion in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India. The company is expected to start factory operations in December 2023, with the factory manufacturing inverters and other factory automation (FA) control system products, expanding the company's capabilities to meet the growing demand in India.
In May 2022, DENSO Corporation and Honeywell announced that they are co-developing an electric motor for the Lilium Jet. This is the first product developed by these companies since formalizing their alliance, and it marks DENSO's entry into the aerospace market. Both companies will work with Lilium, the developer of the first all-electric vertical take-off and landing ("eVTOL") jet, to integrate the electric motor into Lilium's aircraft engines.
In May 2022, Emerson announced the release of its PACSystems RSTi-EP CPE 200 programmable automation controllers (PAC). The new family of compact PACs helps OEMs successfully meet customer requirements by minimizing the need for specialized software engineering talent.
• Industrial Control Systems
• Field Devices
• Flexible Automation
• Programmable Automation
• Fixed Automation
• Integrated Automation
• Switches & Relays
• Laser Markers
• Industrial Robots
• Safety Light Curtain
• Other Components
End Users Covered:
• Discrete Automation
• Process Automation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2021, 2022, 2023, 2026, and 2030
- 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
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• Competitive Benchmarking
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Factory Automation Market, By Product
5.2 Industrial Control Systems
5.2.1 Product Lifecycle Management (PLM)
5.2.2 Distributed Control System (DCS)
5.2.3 Human Machine Interface (HMI)
5.2.4 Enterprise Resource Planning (ERP)
5.2.5 Programmable Logic Controller (PLC)
5.2.6 Supervisory Control and Data Acquisition (SCADA)
5.2.7 Manufacturing Execution System (MES)
5.3 Field Devices
5.3.1 Machine Vision Systems
5.3.2 Sensors & Transmitters
6 Global Factory Automation Market, By Type
6.2 Flexible Automation
6.3 Programmable Automation
6.4 Fixed Automation
6.5 Integrated Automation
7 Global Factory Automation Market, By Component
7.3 Switches & Relays
7.6 Laser Markers
7.7 Industrial Robots
7.8 Safety Light Curtain
7.10 Other Components
8 Global Factory Automation Market, By End User
8.2 Discrete Automation
8.2.4 Heavy Manufacturing
8.3 Process Automation
8.3.1 Oil & Gas
8.3.4 Mining & Metals
8.3.5 Pulp & Paper
9 Global Factory Automation Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Danaher Industrial Limited
11.2 Siemens AG
11.3 ABB Limited
11.4 Emerson Process Management
11.5 Rockwell Automation
11.6 Schneider Electric
11.7 Honeywell Process Solutions
11.8 Mitsubishi Electric
11.9 Yokogawa Electric
11.10 Omron Automation
11.11 SMEC Automation Limited
11.12 Hitech Digital Solutions LLP
11.13 PHOENIX CONTACT
11.14 SmartClean Technologies Limited
11.15 JM VisTec System
11.16 Elaratech Automation
11.17 Festo Inc.
11.18 SAVCOS Automation Limited
11.19 FANUC America Corporation
11.20 Quadrant Technologies
List of Tables
1 Global Factory Automation Market Outlook, By Region (2021-2030) ($MN)
2 Global Factory Automation Market Outlook, By Product (2021-2030) ($MN)
3 Global Factory Automation Market Outlook, By Industrial Control Systems (2021-2030) ($MN)
4 Global Factory Automation Market Outlook, By Product Lifecycle Management (PLM) (2021-2030) ($MN)
5 Global Factory Automation Market Outlook, By Distributed Control System (DCS) (2021-2030) ($MN)
6 Global Factory Automation Market Outlook, By Human Machine Interface (HMI) (2021-2030) ($MN)
7 Global Factory Automation Market Outlook, By Enterprise Resource Planning (ERP) (2021-2030) ($MN)
8 Global Factory Automation Market Outlook, By Programmable Logic Controller (PLC) (2021-2030) ($MN)
9 Global Factory Automation Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2021-2030) ($MN)
10 Global Factory Automation Market Outlook, By Manufacturing Execution System (MES) (2021-2030) ($MN)
11 Global Factory Automation Market Outlook, By Field Devices (2021-2030) ($MN)
12 Global Factory Automation Market Outlook, By Machine Vision Systems (2021-2030) ($MN)
13 Global Factory Automation Market Outlook, By Sensors & Transmitters (2021-2030) ($MN)
14 Global Factory Automation Market Outlook, By Motors (2021-2030) ($MN)
15 Global Factory Automation Market Outlook, By Type (2021-2030) ($MN)
16 Global Factory Automation Market Outlook, By Flexible Automation (2021-2030) ($MN)
17 Global Factory Automation Market Outlook, By Programmable Automation (2021-2030) ($MN)
18 Global Factory Automation Market Outlook, By Fixed Automation (2021-2030) ($MN)
19 Global Factory Automation Market Outlook, By Integrated Automation (2021-2030) ($MN)
20 Global Factory Automation Market Outlook, By Component (2021-2030) ($MN)
21 Global Factory Automation Market Outlook, By Controllers (2021-2030) ($MN)
22 Global Factory Automation Market Outlook, By Switches & Relays (2021-2030) ($MN)
23 Global Factory Automation Market Outlook, By Sensors (2021-2030) ($MN)
24 Global Factory Automation Market Outlook, By Drives (2021-2030) ($MN)
25 Global Factory Automation Market Outlook, By Laser Markers (2021-2030) ($MN)
26 Global Factory Automation Market Outlook, By Industrial Robots (2021-2030) ($MN)
27 Global Factory Automation Market Outlook, By Safety Light Curtain (2021-2030) ($MN)
28 Global Factory Automation Market Outlook, By Servo (2021-2030) ($MN)
29 Global Factory Automation Market Outlook, By Other Components (2021-2030) ($MN)
30 Global Factory Automation Market Outlook, By End User (2021-2030) ($MN)
31 Global Factory Automation Market Outlook, By Discrete Automation (2021-2030) ($MN)
32 Global Factory Automation Market Outlook, By Automotive (2021-2030) ($MN)
33 Global Factory Automation Market Outlook, By Packaging (2021-2030) ($MN)
34 Global Factory Automation Market Outlook, By Electronics (2021-2030) ($MN)
35 Global Factory Automation Market Outlook, By Heavy Manufacturing (2021-2030) ($MN)
36 Global Factory Automation Market Outlook, By Process Automation (2021-2030) ($MN)
37 Global Factory Automation Market Outlook, By Oil & Gas (2021-2030) ($MN)
38 Global Factory Automation Market Outlook, By Healthcare (2021-2030) ($MN)
39 Global Factory Automation Market Outlook, By Chemicals (2021-2030) ($MN)
40 Global Factory Automation Market Outlook, By Mining & Metals (2021-2030) ($MN)
41 Global Factory Automation Market Outlook, By Pulp & Paper (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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