Manufacturing Automation Market
Manufacturing Automation Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software, Services and Other Components), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Manufacturing Automation Market is accounted for $13.6 billion in 2024 and is expected to reach $26.4 billion by 2030 growing at a CAGR of 11.7% during the forecast period. The use of machinery to automate systems or processes is known as automation in manufacturing. Reducing costs and increasing production capacity are the ultimate goals of factory automation. Numerous jobs may be programmed into electromechanical devices, and automation is especially useful for repeated or extremely precise operations. By carrying out duties that may harm or jeopardize human workers, automation can also be employed in manufacturing business management, such as automated inventory scheduling and data sending and analysis for reporting.
According to the 2019 Singapore Government Trade Figures, the U.S. holds nearly 20% of Singapore's market share for automation equipment.
Market Dynamics:
Driver:
Higher demand for automation solutions
The integration of connected devices and sensors in automation systems has led to a surge in data collection, enabling analysis of trends, equipment failure predictions, and process optimization. This data-driven decision-making enhances performance and advanced safety features reduce workplace accidents and injuries. Moreover collaborative robots complement human operators, creating a safer, integration of energy-efficient systems, renewable energy sources, and sustainable practices in manufacturing automation can significantly reduce the carbon footprint of production facilities boosting the market.
Restraint:
Lack of knowledge and expertise
Companies with limited knowledge and expertise may be hesitant to adopt automation solutions due to uncertainty about their benefits and implementation methods. This can lead to missed opportunities for productivity and cost savings. Additionally, a lack of expertise can hinder innovation and keep companies competitive in an increasingly automated industry. Inadequate knowledge can result in incorrect system design and integration, leading to inefficiencies or costly revisions after implementation.
Opportunity:
Technological advancements
Technological advancements have led to the development of advanced automation solutions, such as robotics, AI-driven machines, and smart sensors, resulting in a rapidly growing market. These technologies have opened up new market segments, such as collaborative robotics, machine learning-powered quality control, and IoT-enabled predictive maintenance solutions allowing faster production speeds and higher precision in manufacturing processes. This results in less waste and higher operational efficiency.
Threat:
Cybersecurity risks
Automated manufacturing systems are vulnerable to ransomware and malware attacks, which can cause system outages, data breaches, and loss of access to critical production assets and these attacks can disrupt production lines, causing significant downtime and productivity losses. Trade secrets, product blueprints, and intellectual property can be stolen, jeopardizing a company's market position and profitability hampers the market growth.
Covid-19 Impact
The Covid-19 pandemic significantly impacted the Manufacturing Automation Market by accelerating the adoption of automation and digital technologies. With workforce shortages, social distancing, and disruptions to supply chains, manufacturers sought automated solutions to maintain production continuity and reduce reliance on human labor. Although the initial economic downturn posed challenges, the pandemic ultimately spurred long-term growth and innovation in automation technologies.
The hardware segment is expected to be the largest during the forecast period
During the forecast period, the hardware segment is anticipated to register the largest market share as it is foundation of manufacturing automation, enabling machines to perform tasks like assembly, packaging, material handling, and quality control with precision. Advanced robotics and CNC machines have increased automation in industries like automotive and electronics. Hardware upgrades, like faster processors, high-precision actuators, and advanced sensors, improve productivity and efficiency by speeding up operations and reducing downtime.
The material handling segment is expected to have the highest CAGR during the forecast period
The material handling segment is projected to witness substantial growth during the estimation period owing to material handling systems, including conveyors, AGVs, robotic arms, and WMS, streamline production processes, minimize human labor, and reduce delays. They minimize physical strain on workers, especially in heavy lifting or repetitive tasks, promoting a safer work environment. Furthermore, these systems maintain consistent posture and ergonomics, reducing fatigue and promoting worker well-being, thereby reducing the risk of injury in the workplace.
Region with largest share:
During the projected timeframe, the North America region is expected to hold the largest market share owing to North American region, particularly the US, is a dominant player in the manufacturing automation sector, with a steady growth driven by large-scale industrial investments and digital transformation. Key industries like automotive, electronics, food and beverage, pharmaceuticals, and consumer goods are adopting automation solutions, with the automotive industry being a key player in integrating robotics and AI for production line optimization.
Region with highest CAGR:
The Asia Pacific region is projected to achieve the highest CAGR during the forecast period because APAC governments are promoting automation and Industry 4.0 technologies through policies like China's Made in China 2025 strategy. The demand for smart factories is increasing, leveraging IoT, big data analytics, and cloud computing for real-time monitoring and predictive maintenance. Economic growth in countries like India and Southeast Asia has fueled investments in manufacturing technologies to scale production and increase exports, highlighting the importance of these technologies in APAC manufacturing.
Key players in the market
Some of the key players in Manufacturing Automation market include ABB Ltd. , Analog Devices Inc., Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International, Inc., Mitsubishi Electric Corporation, Motoman, Omron Corporation, Reko Automation Inc., Rockwell Automation Inc., Schneider Electric, Teradyne, Inc., Yokogawa Electric Corporation and Danaher.
Key Developments:
In October 2024, Schneider Electric partnered with Noida international airport for building and energy management solutions. Through this collaboration, Schneider Electric will roll out complete building management solutions, comprising Electrical SCADA and Advanced Distribution Management System.
In August 2024, ABB announced that it has signed an agreement to acquire Födisch Group, a leading developer of advanced measurement and analytical solutions for the energy and industrial sectors.
In June 2024, ABB Robotics launched OmniCore™, an intelligent automation platform that is faster, more precise and more sustainable, to empower, enhance and futureproof businesses. The OmniCore platform, the result of more than $170 million of investment in next generation robotics, is a step change to a modular and futureproof control architecture.
Components Covered:
• Hardware
• Software
• Services
• Other Components
Technologies Covered:
• Robotics & Automation
• Industrial Internet of Things (IIoT)
• Artificial Intelligence (AI) & Machine Learning (ML)
• Cloud Computing & Analytics
• Additive Manufacturing
• Machine Vision Systems
• Other Technologies
Applications Covered:
• Assembly
• Material Handling
• Packaging
• Inspection & Quality Control
• Logistics & Warehousing
• Welding & Joining
• Testing & Measurement
• Other Applications
End Users Covered:
• Automotive
• Electronics & Semiconductors
• Aerospace & Defense
• Food & Beverages
• Energy & Utilities
• Healthcare & Medical Devices
• E-commerce & Retail
• Other End Users
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 2022, 2023, 2024, 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
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
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
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Manufacturing Automation Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Sensors & Actuators
5.2.2 Robots & Controllers
5.2.3 Conveyors & Sorters
5.2.4 Other Hardwares
5.3 Software
5.3.1 Supervisory Control & Data Acquisition
5.3.2 Distributed Control Systems
5.3.3 Manufacturing Execution Systems
5.3.4 Other Softwares
5.4 Services
5.4.1 Installation & Integration
5.4.2 Maintenance & Support
5.4.3 Consulting Services
5.5 Other Components
6 Global Manufacturing Automation Market, By Technology
6.1 Introduction
6.2 Robotics & Automation
6.3 Industrial Internet of Things (IIoT)
6.4 Artificial Intelligence (AI) & Machine Learning (ML)
6.5 Cloud Computing & Analytics
6.6 Additive Manufacturing
6.7 Machine Vision Systems
6.8 Other Technologies
7 Global Manufacturing Automation Market, By Application
7.1 Introduction
7.2 Assembly
7.3 Material Handling
7.4 Packaging
7.5 Inspection & Quality Control
7.6 Logistics & Warehousing
7.7 Welding & Joining
7.8 Testing & Measurement
7.9 Other Applications
8 Global Manufacturing Automation Market, By End User
8.1 Introduction
8.2 Automotive
8.3 Electronics & Semiconductors
8.4 Aerospace & Defense
8.5 Food & Beverages
8.6 Energy & Utilities
8.7 Healthcare & Medical Devices
8.8 E-commerce & Retail
8.9 Other End Users
9 Global Manufacturing Automation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
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
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ABB Ltd.
11.2 Analog Devices, Inc.
11.3 Emerson Electric Co.
11.4 Fanuc Corporation
11.5 General Electric Company
11.6 Honeywell International, Inc.
11.7 Mitsubishi Electric Corporation
11.8 Motoman
11.9 Omron Corporation
11.10 Reko Automation Inc.
11.11 Rockwell Automation Inc.
11.12 Schneider Electric
11.13 Teradyne, Inc.
11.14 Yokogawa Electric Corporation
11.15 Danaher
List of Tables
1 Global Manufacturing Automation Market Outlook, By Region (2022-2030) ($MN)
2 Global Manufacturing Automation Market Outlook, By Component (2022-2030) ($MN)
3 Global Manufacturing Automation Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Manufacturing Automation Market Outlook, By Sensors & Actuators (2022-2030) ($MN)
5 Global Manufacturing Automation Market Outlook, By Robots & Controllers (2022-2030) ($MN)
6 Global Manufacturing Automation Market Outlook, By Conveyors & Sorters (2022-2030) ($MN)
7 Global Manufacturing Automation Market Outlook, By Other Hardwares (2022-2030) ($MN)
8 Global Manufacturing Automation Market Outlook, By Software (2022-2030) ($MN)
9 Global Manufacturing Automation Market Outlook, By Supervisory Control & Data Acquisition (2022-2030) ($MN)
10 Global Manufacturing Automation Market Outlook, By Distributed Control Systems (2022-2030) ($MN)
11 Global Manufacturing Automation Market Outlook, By Manufacturing Execution Systems (2022-2030) ($MN)
12 Global Manufacturing Automation Market Outlook, By Other Softwares (2022-2030) ($MN)
13 Global Manufacturing Automation Market Outlook, By Services (2022-2030) ($MN)
14 Global Manufacturing Automation Market Outlook, By Installation & Integration (2022-2030) ($MN)
15 Global Manufacturing Automation Market Outlook, By Maintenance & Support (2022-2030) ($MN)
16 Global Manufacturing Automation Market Outlook, By Consulting Services (2022-2030) ($MN)
17 Global Manufacturing Automation Market Outlook, By Other Components (2022-2030) ($MN)
18 Global Manufacturing Automation Market Outlook, By Technology (2022-2030) ($MN)
19 Global Manufacturing Automation Market Outlook, By Robotics & Automation (2022-2030) ($MN)
20 Global Manufacturing Automation Market Outlook, By Industrial Internet of Things (IIoT) (2022-2030) ($MN)
21 Global Manufacturing Automation Market Outlook, By Artificial Intelligence (AI) & Machine Learning (ML) (2022-2030) ($MN)
22 Global Manufacturing Automation Market Outlook, By Cloud Computing & Analytics (2022-2030) ($MN)
23 Global Manufacturing Automation Market Outlook, By Additive Manufacturing (2022-2030) ($MN)
24 Global Manufacturing Automation Market Outlook, By Machine Vision Systems (2022-2030) ($MN)
25 Global Manufacturing Automation Market Outlook, By Other Technologies (2022-2030) ($MN)
26 Global Manufacturing Automation Market Outlook, By Application (2022-2030) ($MN)
27 Global Manufacturing Automation Market Outlook, By Assembly (2022-2030) ($MN)
28 Global Manufacturing Automation Market Outlook, By Material Handling (2022-2030) ($MN)
29 Global Manufacturing Automation Market Outlook, By Packaging (2022-2030) ($MN)
30 Global Manufacturing Automation Market Outlook, By Inspection & Quality Control (2022-2030) ($MN)
31 Global Manufacturing Automation Market Outlook, By Logistics & Warehousing (2022-2030) ($MN)
32 Global Manufacturing Automation Market Outlook, By Welding & Joining (2022-2030) ($MN)
33 Global Manufacturing Automation Market Outlook, By Testing & Measurement (2022-2030) ($MN)
34 Global Manufacturing Automation Market Outlook, By Other Applications (2022-2030) ($MN)
35 Global Manufacturing Automation Market Outlook, By End User (2022-2030) ($MN)
36 Global Manufacturing Automation Market Outlook, By Automotive (2022-2030) ($MN)
37 Global Manufacturing Automation Market Outlook, By Electronics & Semiconductors (2022-2030) ($MN)
38 Global Manufacturing Automation Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
39 Global Manufacturing Automation Market Outlook, By Food & Beverages (2022-2030) ($MN)
40 Global Manufacturing Automation Market Outlook, By Energy & Utilities (2022-2030) ($MN)
41 Global Manufacturing Automation Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
42 Global Manufacturing Automation Market Outlook, By E-commerce & Retail (2022-2030) ($MN)
43 Global Manufacturing Automation Market Outlook, By Other End Users (2022-2030) ($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
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
