Enjoy complimentary customisation on priority with our Enterprise License!
The industrial automation control market is estimated to grow at a CAGR of 5.46% between 2022 and 2027. The size of the market is forecast to increase by USD 39.34 billion. The growth of the market depends on several factors, including the need for increased focus on smart factories, simplification of complex manufacturing activities, and changing market dynamics.
This report extensively covers market segmentation by product (sensors, drives, DCS, SCADA, and plc), end-user (process industry and discrete industry), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
The reports categorize the global industrial automation control market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market cover companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing focus on smart factories is notably driving the industrial automation control market growth, although factors such as the lack of effective interoperability may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Industrial Automation Control Market Driver
The increasing focus on smart factories is notably driving the industrial automation and control systems market growth. Industrial manufacturing is evolving toward flexibility and scalability, wherein the advent of smart factories has been a supplementing factor toward digital transformation. Smart factories mainly involve a gradual shift from traditional automation toward a fully connected and flexible system. A smart factory can be defined as a facility in which all the devices are interlinked over a communication network, and the data available from each device can be utilized for learning and adapting to the new demands of customers. Hence, by capturing real-time information and enabling remote control of machinery, the IoT can increase efficiency and enhance the value provided by manufacturers to customers.
Factors such as ongoing technological advances, increasing complexity in supply chains, growing competitive pressure across the globe, ongoing organizational realignments resulting from the increased adoption of information technology (IT) and operational technology (OT), and increased investments by end-user industries are driving the acceptance of the smart factories concept globally.
Key Industrial Automation Control Market Trend
Virtualization of automation control systems is the primary trend driving the industrial automation control market growth. Industrial automation control systems can be virtualized using software called hypervisors, which create and run the virtual machine. The virtual machine contains the operating system and software. Different operating systems are operated on top of a primary operating system using virtual machines. Virtualization can be applied to the different communication layers in industrial premises, such as the server, storage, desktop, file, and network. It provides benefits such as optimum resource utilization and ensures smooth operation besides ensuring cost savings in terms of power consumption.
As most of the physical servers are designed to run only one operating system and application at a time, it limits the server's performance. Thus, the server is not fully used most of the time. Even small data centers require multiple servers to run different applications on operating systems, which increases the overall cost. Integrating different industrial automation systems, such as SCADA, PLCs, and MES, on a single physical server, which can be easily accessed from different locations on the plant floor using virtual machines, will reduce the overall cost of servers. Though the penetration of virtualization in industrial premises is low, increasing awareness about virtual software and the flexibility achieved by using automation software is expected to increase the demand for virtualization in the industrial automation market during the forecast period.
Key Industrial Automation Control Market Challenge
The lack of effective interoperability may impede the industrial automation control market growth. The lack of effective interoperability between various automation solutions and control technologies is one of the major issues hampering the growth of the global industrial automation control market. End-users face interoperability issues if the interface cannot support the latest industrial automation control systems. Modern industrial systems and facilities are becoming complex, owing to the deployment of multiple devices and systems with different configurations. Therefore, integrating different systems poses a challenge to end-users in terms of compatibility and interoperability. Furthermore, in industries such as oil and gas, power, chemicals and petrochemicals, and water and wastewater, integrating industrial automation control systems becomes even more complex as these systems depend on legacy systems.
The Open Process Automation Forum is one of the ways through which stakeholders are trying to solve interoperability issues in industries. The forum comprises different end-users, suppliers, system integrators, standards organizations, and academia that focus on developing a standards-based, open, secure, and interoperable process control architecture. With increasing standardization, the effect of interoperability issues associated with automation systems provided by various automation vendors is expected to decrease during the forecast period.
Key Industrial Automation Control Market Customer Landscape
The report includes the adoption lifecycle of the industrial automation and control systems market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Industrial Automation Control Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industrial automation and control systems market.
Honeywell International Inc. - The company's key offerings include industrial automation control solutions such as Oprex control improvement software, Oprex control devices, and the Oprex quality control system under industrial automation control. The segment also offers auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, repair and overhaul services and thermal systems to original equipment manufacturers (OEM) and other customers.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industrial automation and control systems market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The industrial automation market share growth by the sensors segment will be significant during the forecast period. The market share growth by the sensors segment will be significant during the forecast period. Monitoring and maintaining process variables at their proper levels is critical in industrial automation and process control. A sensor measures vital parameters continuously or periodically based on its operations. The basic parameter sensors that are required and applied in industries are temperature, pressure, flow, and current sensors. These industrial sensors are used based on the end-user and application requirements. Sensors are extensively used in industrial process applications for measuring, monitoring, testing, scaling, and automation. The growing use of the Industrial Internet of Things (IIoT) has led to new growth opportunities for industrial wireless sensors, as these sensors are vital for implementing IIoT. The global sensor market witnessed robust growth in recent years, and this trend is expected to continue during the forecast period.
Get a glance at the market contribution of various segments Request a PDF Sample
The sensors segment shows a gradual increase in the market share of USD 25.66 billion in 2017 and continue to grow by 2021. Sensors are devices that convert a physical quantity into electrical signals. These signal indications are processed via an electronic automation system and portray physical variations or error signals in the device or instrument.
The growing use of the Industrial Internet of Things (IIoT) has led to new growth opportunities for industrial wireless sensors, as these sensors are vital for implementing IIoT. The global sensors market witnessed robust growth in recent years, and this trend is expected to continue during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
APAC is projected to contribute 44% by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the industrial automation and control systems market during the forecast period.
The industrial automation market in APAC is expected to grow significantly during the forecast period. The growth of the industrial automation and control systems market will be driven by countries such as China, Japan, India, Vietnam, South Korea, Malaysia, and Australia. China, Japan, South Korea, and India are the largest markets for industrial automation control solutions in the region, owing to strong industrialization and increasing investments in the power, water and wastewater treatment, and food and beverage industries. The expansion of operations of global food and beverage companies into APAC has increased the pressure on regional food and beverage companies to provide high-quality products by focusing on food safety and inspection systems. The fast-growing regional food and beverage industry attract major food and beverage companies to APAC. According to the India Brand Equity Foundation (IBEF), the Indian food processing industry is anticipated to generate total revenue of around $535 billion by the end of the forecast period.
The outbreak of COVID-19 in 2020 adversely affected the growth of the industrial sector in APAC. The governments in India, China, Japan, Australia, South Korea, and other countries imposed lockdowns to prevent the spread of COVID-19 disease, primarily in the first half of 2020. However, with the initiation of large-scale vaccination drives across APAC, the lockdown norms were relaxed in the second half of 2021. This has led to the resumption of operations in end-user industries such as oil and gas, power plants, chemicals, and others.
APAC Industrial Automation Control market - The industrial automation market share will grow steadily at a CAGR of 8% during the forecast period.
Americas Industrial Automation Control market - The industrial automation market share will grow at a CAGR of 5.33 percent over the period 2013-2018.
The report forecasts industrial automation market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by product, end-user, and region.
|
Industrial Automation Control Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
184 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.46% |
|
Market growth 2023-2027 |
USD 39.34 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
3.63 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 44% |
|
Key countries |
US, China, Japan, Germany, and France |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ABB Ltd., Beckhoff Automation GmbH and Co. KG, Bosch Rexroth AG, Eaton Corp. Plc, Electrical4U, Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Industrial Automation Control, Keyence India Pvt. Ltd., NNIT AS, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, TOSHIBA CORP, Yokogawa Electric Corp., Emerson Electric Co., and Honeywell International Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
