According to the report by Expert Market Research (EMR), the global industrial control and factory automation market size is projected to grow at a CAGR of 7.90% between 2024 and 2032. Aided by the growing need for efficiency in manufacturing processes and the rapid adoption of Industry 4.0 principles, the market is expected to grow significantly by 2032.
Industrial control and factory automation comprise a blend of software and hardware solutions that enable automated control and monitoring of industrial processes. This technology encompasses various components like robotics, control systems, information technologies, and machine learning, working cohesively to enhance efficiency and productivity in manufacturing.
A significant driver of the industrial control and factory automation market growth is the ever-increasing demand for efficiency and precision in manufacturing processes. Automation allows for consistent quality control, reduces production time, and minimises human error. Moreover, it addresses labour shortages and reduces the cost associated with human resources in long-term operations.
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The rising trend of digitalisation in manufacturing, often referred to as Industry 4.0, is another crucial factor propelling the market. The integration of Internet of Things (IoT) devices, cloud computing, and artificial intelligence in industrial settings has revolutionised manufacturing, leading to the emergence of smart factories.
According to the industrial control and factory automation market analysis, environmental concerns and the need for sustainable manufacturing practices have prompted industries to adopt automation technologies, which are often more energy-efficient and reduce waste compared to traditional methods.
The industrial control and factory automation sector is witnessing rapid technological advancements. The incorporation of advanced robotics, equipped with AI and machine learning capabilities, is transforming manufacturing floors. Smart sensors and IoT devices are enabling real-time monitoring and predictive maintenance, reducing downtime and improving operational efficiency.
Geographically, the market spans across regions like North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific, led by countries like China and Japan, is accounting for a significant portion of the industrial control and factory automation market share due to its large manufacturing base and rapid adoption of automation technologies. North America and Europe also contribute substantially, driven by their technological advancement and strong industrial sectors.
Looking ahead, the market is expected to grow steadily, driven by the continuous advancements in technology and the increasing demand for automated solutions across various industries. The future of this market lies in the further integration of AI and IoT, leading to even smarter and more efficient manufacturing processes.
Industrial Control and Factory Automation Market Segmentation
The market can be divided based on component, solution, industry, and region.
Market Breakup by Component
- Industrial Robots
- Traditional Industrial Robots
- Collaborative Robot
- Machine Vision System
- Cameras
- Frame Grabbers, Optics, and LED Lighting
- Process Analyser
- Field Instruments
- Flowmeter
- Transmitter
- Human–Machine Interface (HMI)
- Industrial PC
- Industrial Sensors
- Wired Industrial Sensors
- Wireless Industrial Sensors
- Industrial 3D Printing
- Vibration Monitoring
- Others
Market Breakup by Solution
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- Plant Asset Management (PAM)
Market Breakup by Industry
- Process Industry
- Oil and Gas
- Chemical
- Pulp and Paper
- Pharmaceutical
- Metals and Mining
- Food and Beverage
- Energy and Power
- Others
- Discrete Industry
- Automotive
- Machine Manufacturing
- Semiconductor and Electronics
- Aerospace and Defence
- Medical Devices
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Industrial Control and Factory Automation Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global industrial control and factory automation market. Some of the major players explored in the report by Expert Market Research are as follows:
- ABB Ltd
- Emerson Electric Co.
- Siemens AG
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Others
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