Industrial Automation Control Market Analysis APAC,North America,Europe,South America,Middle East and Africa - US,China,Japan,Germany,France - Size and Forecast 2023-2027

Published: Nov 2022 Pages: 184 SKU: IRTNTR44533

Industrial Automation Control Market Forecast 2023-2027

The industrial automation control market is estimated to grow by USD 39.34 billion at a CAGR of 5.46% between 2022 and 2027. Market growth is contingent on several factors, including the imperative for heightened emphasis on smart factories, the drive to streamline intricate manufacturing processes, and the evolving landscape of market dynamics. These elements collectively shape the trajectory of the market, driving the adoption of advanced manufacturing technologies and strategies. Moreover, the shift towards smart factories reflects broader trends in industrial automation and the integration of digital technologies into manufacturing operations. Simplifying complex manufacturing activities is crucial for enhancing operational efficiency and agility, driving market growth. Additionally, adapting to changing market dynamics necessitates flexibility and innovation, further propelling the market forward.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Market be During the Forecast Period?

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Market Segmentation

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). 

By Product

The 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. 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.

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The sensors segment shows a gradual increase in the market share of USD 25.66 billion in 2017Sensors 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.

By Region

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APAC is projected to contribute 44% by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in APAC is expected to grow significantly during the forecast period. The growth of the 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 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 USD535 billion by the end of the forecast period.

Market Dynamics and Customer Landscape

The market is witnessing significant growth, driven by advancements in IoT, AI, and AR technology. Companies like Skylight and Upskill are leading the way with innovative solutions. Government initiatives, such as the Make in India policy, are also boosting the market. Key technologies like SCADA, PLC, and DCS are central to this growth, along with the integration of cyber-physical systems and cloud computing. The focus is on cost reduction, improved quality, and operator safety, making this sector critical for the future of the industrial automation industry. 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 Market Driver 

The increasing focus on smart factories is notably driving 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. This includes the industrial sector, robotics, augmented networking architectures, automation systems, the factory floor, cost reduction, improved quality, improved operator safety, and the Industrial automation industry.

Major Market Trend

Virtualization of automation control systems is the primary trend driving the market growth. They 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 market during the forecast period.

Significant Market Challenge

The lack of effective interoperability may impede 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 market. End-users face interoperability issues if the interface cannot support the latest 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 these 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 companies is expected to decrease during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the 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 Market Customer Landscape

Who are the Major Industrial Automation Control Market Companies?                                 

Companies 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 companies, including:

  • 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.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.. 

You may be interested in the regional reports:

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.

Segment Overview

The report forecasts 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.

  • Product Outlook 
    • Sensors
    • Drives
    • DCS
    • SCADA
    • PLC
  • End-user Outlook 
    • Process industry
    • Discrete industry
  • Region Outlook 
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth driven by advancements in Augmented Reality (AR) technology and the adoption of artificial intelligence in manufacturing. Companies like GE Healthcare and organizations such as the National Council for Advanced Manufacturing (NACFAM) are leading the way in implementing predictive maintenance and intelligent manufacturing infrastructure. The market is also supported by initiatives like the Singapore Food Manufacturing Association (SFMA) and the Food Innovation Resource Centre to drive innovation in the sector. With the rise of Internet of Things (IoT) and smart manufacturing, industries such as automotive, aerospace & defense, chemical, energy & utilities, and heavy engineering are experiencing enhanced production and reduced waste. This growth is further fueled by advancements in machine learning, industrial robots, and state-of-the-art machinery, leading to improved efficiency and cost savings.

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 companies, Market Positioning of companies, 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 Forecasting, 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.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial automation control market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global industrial automation control market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Sensors - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Sensors - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Sensors - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Sensors - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Sensors - Year-over-year growth 2022-2027 (%)
    • 6.4 Drives - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Drives - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Drives - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Drives - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Drives - Year-over-year growth 2022-2027 (%)
    • 6.5 DCS - Market size and forecast 2022-2027
      • Exhibit 42: Chart on DCS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on DCS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on DCS - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on DCS - Year-over-year growth 2022-2027 (%)
    • 6.6 SCADA - Market size and forecast 2022-2027
      • Exhibit 46: Chart on SCADA - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on SCADA - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on SCADA - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on SCADA - Year-over-year growth 2022-2027 (%)
    • 6.7 PLC - Market size and forecast 2022-2027
      • Exhibit 50: Chart on PLC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on PLC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on PLC - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on PLC - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Process industry - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Process industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Process industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Process industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Process industry - Year-over-year growth 2022-2027 (%)
    • 7.4 Discrete industry - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Discrete industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Discrete industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Discrete industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Discrete industry - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 67: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 120: ABB Ltd. - Overview
              • Exhibit 121: ABB Ltd. - Business segments
              • Exhibit 122: ABB Ltd. - Key news
              • Exhibit 123: ABB Ltd. - Key offerings
              • Exhibit 124: ABB Ltd. - Segment focus
            • 12.4 Beckhoff Automation GmbH and Co. KG
              • Exhibit 125: Beckhoff Automation GmbH and Co. KG - Overview
              • Exhibit 126: Beckhoff Automation GmbH and Co. KG - Product / Service
              • Exhibit 127: Beckhoff Automation GmbH and Co. KG - Key offerings
            • 12.5 Eaton Corp. Plc
              • Exhibit 128: Eaton Corp. Plc - Overview
              • Exhibit 129: Eaton Corp. Plc - Business segments
              • Exhibit 130: Eaton Corp. Plc - Key news
              • Exhibit 131: Eaton Corp. Plc - Key offerings
              • Exhibit 132: Eaton Corp. Plc - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 133: Emerson Electric Co. - Overview
              • Exhibit 134: Emerson Electric Co. - Business segments
              • Exhibit 135: Emerson Electric Co. - Key news
              • Exhibit 136: Emerson Electric Co. - Key offerings
              • Exhibit 137: Emerson Electric Co. - Segment focus
            • 12.7 Endress Hauser Group Services AG
              • Exhibit 138: Endress Hauser Group Services AG - Overview
              • Exhibit 139: Endress Hauser Group Services AG - Product / Service
              • Exhibit 140: Endress Hauser Group Services AG - Key news
              • Exhibit 141: Endress Hauser Group Services AG - Key offerings
            • 12.8 Fuji Electric Co. Ltd.
              • Exhibit 142: Fuji Electric Co. Ltd. - Overview
              • Exhibit 143: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 144: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 145: Fuji Electric Co. Ltd. - Segment focus
            • 12.9 General Electric Co.
              • Exhibit 146: General Electric Co. - Overview
              • Exhibit 147: General Electric Co. - Business segments
              • Exhibit 148: General Electric Co. - Key news
              • Exhibit 149: General Electric Co. - Key offerings
              • Exhibit 150: General Electric Co. - Segment focus
            • 12.10 Hitachi Ltd.
              • Exhibit 151: Hitachi Ltd. - Overview
              • Exhibit 152: Hitachi Ltd. - Business segments
              • Exhibit 153: Hitachi Ltd. - Key news
              • Exhibit 154: Hitachi Ltd. - Key offerings
              • Exhibit 155: Hitachi Ltd. - Segment focus
            • 12.11 Honeywell International Inc.
              • Exhibit 156: Honeywell International Inc. - Overview
              • Exhibit 157: Honeywell International Inc. - Business segments
              • Exhibit 158: Honeywell International Inc. - Key news
              • Exhibit 159: Honeywell International Inc. - Key offerings
              • Exhibit 160: Honeywell International Inc. - Segment focus
            • 12.12 Keyence India Pvt. Ltd.
              • Exhibit 161: Keyence India Pvt. Ltd. - Overview
              • Exhibit 162: Keyence India Pvt. Ltd. - Product / Service
              • Exhibit 163: Keyence India Pvt. Ltd. - Key offerings
            • 12.13 OMRON Corp.
              • Exhibit 164: OMRON Corp. - Overview
              • Exhibit 165: OMRON Corp. - Business segments
              • Exhibit 166: OMRON Corp. - Key news
              • Exhibit 167: OMRON Corp. - Key offerings
              • Exhibit 168: OMRON Corp. - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 169: Rockwell Automation Inc. - Overview
              • Exhibit 170: Rockwell Automation Inc. - Business segments
              • Exhibit 171: Rockwell Automation Inc. - Key news
              • Exhibit 172: Rockwell Automation Inc. - Key offerings
              • Exhibit 173: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 174: Schneider Electric SE - Overview
              • Exhibit 175: Schneider Electric SE - Business segments
              • Exhibit 176: Schneider Electric SE - Key news
              • Exhibit 177: Schneider Electric SE - Key offerings
              • Exhibit 178: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 179: Siemens AG - Overview
              • Exhibit 180: Siemens AG - Business segments
              • Exhibit 181: Siemens AG - Key news
              • Exhibit 182: Siemens AG - Key offerings
              • Exhibit 183: Siemens AG - Segment focus
            • 12.17 Yokogawa Electric Corp.
              • Exhibit 184: Yokogawa Electric Corp. - Overview
              • Exhibit 185: Yokogawa Electric Corp. - Business segments
              • Exhibit 186: Yokogawa Electric Corp. - Key offerings
              • Exhibit 187: Yokogawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                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

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                industrial automation control market market

                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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