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Industrial Automation Market: By Product, By Mode of Automation, By Technology, By End-User and Region Forecast 2019-2030
Industrial Automation Market size was valued at US$ 191.2 billion in 2023 and is expected to reach a value of US$ 360.9 million by 2030, poised to grow at a CAGR of 9.5% from 2024-2030. The global market provides a detailed overview of the market and that can be segmented by product, mode of automation, technology, and end-user. By product, the market has been segmented into industrial robots, industrial sensors, position & monitoring, process & environment, controllers, microwave modules, optoelectronics, conveyors, wireless telecommunication components, and others. The industrial robot segment is likely to be the largest and fastest-growing segment in the market.
Based on the mode of automation, the market is segmented into semi-automatic and fully automatic. Among these, the semi-automatic segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on technology, the industrial automation market is segmented into SCADA, PLC, PAC, DCS, HMI. The SCADA segment accounts for the largest share in 2021. The PAC segment has the second-largest share during the forecast period 2023-2029. Based on end-user, the market is segregated into oil & gas, aerospace & defense, electronics, automotive, and pharmaceuticals. Oil & gas accounted largest market share during the estimated period.
Study Period
2024-2030Base Year
2023CAGR
9.5%Largest Market
Asia-PacificFastest Growing Market
Europe
Over the forecast period, the increasing use of digital twins will promote market growth. Organizations can use digital twins to assess feasibility, reduce risk during deployment, and estimate possible improvements. The implementation and maintenance of digital twins have been more manageable since the introduction of the IIoT, such as smart sensors and cloud systems. Digital twin technology is being integrated into commercial operations to reduce the chance of equipment failure.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 191.2 billion |
Market Size in 2030 |
US$ 360.9 million |
Market CAGR |
9.5% |
By Product |
|
By Mode of Automation |
|
By Technology |
|
By End-User |
|
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The global industrial automation market size was valued at US$ 191.2 billion in 2023 and is projected to grow at a CAGR of 9.5% from 2024 to 2030
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The key players of industrial automation market are ABB Ltd, Siemens AG, General Electric Company, Emerson Electric Company, Yokagawa Electric, Rockwell Automation, Mitsubishi, Electric Corporation, Honeywell International, Inc., Schneider Electric SE.
1. Executive Summary |
2. Global Industrial Automation Market Introduction |
2.1. Global Industrial Automation Market - Taxonomy |
2.2. Global Industrial Automation Market -Definitions |
2.2.1. Product |
2.2.2. Mode of Automation |
2.2.3. Technology |
2.2.4. End-User |
2.2.5. Region |
3. Global Industrial Automation Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Industrial Automation Market Dynamic Factors - Impact Analysis |
3.6. Global Industrial Automation Market - Competition Landscape |
4. Global Industrial Automation Market Analysis, 2019-2023 and Forecast, 2024-2030 |
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Industrial Automation Market, By Product, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1. Hardware |
5.1.1. Industrial Robots |
5.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. Industrial Sensors |
5.1.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.1.2.4. Position & Monitoring Sensors |
5.1.2.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.4.3. Market Opportunity Analysis |
5.1.2.5. Process & Environment Sensors |
5.1.2.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.5.3. Market Opportunity Analysis |
5.1.3. Controllers |
5.1.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.3. Market Opportunity Analysis |
5.1.4. Microwave modules |
5.1.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.4.3. Market Opportunity Analysis |
5.1.5. Optoelectronics |
5.1.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.5.3. Market Opportunity Analysis |
5.1.6. Conveyors |
5.1.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.6.3. Market Opportunity Analysis |
5.1.7. Wireless Telecommunication Components |
5.1.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.7.3. Market Opportunity Analysis |
5.2. Software |
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Industrial Automation Market, By Mode of Automation, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1. Semi-Automatic |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Fully Automatic |
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Industrial Automation Market, By Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1. SCADA |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. PAC |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. PLC |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. DCS |
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. HMI |
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Industrial Automation Market, By End-User, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1. Oil & Gas |
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Aerospace & Defense |
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Electronics |
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Automotive |
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Pharmaceuticals |
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Others |
8.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
9. Global Industrial Automation Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Industrial Automation Market - Opportunity Analysis Index, By Product, By Mode of Automation, By Technology, By End-User, and Region, 2021 - 2027 |
10. North America Industrial Automation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
10.1. Product Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Industrial Robots |
10.1.2. Industrial Sensors |
10.1.2.1. Position & Monitoring |
10.1.2.2. Process & Environment |
10.1.3. Controllers |
10.1.4. Microwave modules |
10.1.5. Optoelectronics |
10.1.6. Conveyors |
10.1.7. Wireless Telecommunication Components |
10.1.8. Others |
10.2. Mode of Automation Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Semi-Automatic |
10.2.2. Fully Automatic |
10.3. Technology Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. SCADA |
10.3.2. PLC |
10.3.3. PAC |
10.3.4. DCS |
10.3.5. HMI |
10.4. End-User Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.4.1. Oil & Gas |
10.4.2. Aerospace & Defense |
10.4.3. Electronics |
10.4.4. Automotive |
10.4.5. Pharmaceuticals |
10.5. Country Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Industrial Automation Market - Opportunity Analysis Index, By Product, By Mode of Automation, By Technology, By End-Use, and Country, 2021 - 2027 |
10.7. North America Industrial Automation Market Dynamics - Trends |
11. Europe Industrial Automation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
11.1. Product Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Industrial Robots |
11.1.2. Industrial Sensors |
11.1.2.1. Position & Monitoring |
11.1.2.2. Process & Environment |
11.1.3. Controllers |
11.1.4. Microwave modules |
11.1.5. Optoelectronics |
11.1.6. Conveyors |
11.1.7. Wireless Telecommunication Components |
11.1.8. Others |
11.2. Mode of Automation Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Semi-Automatic |
11.2.2. Fully Automatic |
11.3. Technology Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. SCADA |
11.3.2. PLC |
11.3.3. PAC |
11.3.4. DCS |
11.3.5. HMI |
11.4. End-User Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. Oil & Gas |
11.4.2. Aerospace & Defense |
11.4.3. Electronics |
11.4.4. Automotive |
11.4.5. Pharmaceuticals |
11.5. Country Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Industrial Automation Market - Opportunity Analysis Index, By Product, By Mode of Automation, By technology, By End-Use, and Country, 2021 - 2027 |
11.7. Europe Industrial Automation Market Dynamics - Trends |
12. Asia-Pacific Industrial Automation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
12.1. Product Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Industrial Robots |
12.1.2. Industrial Sensors |
12.1.2.1. Position & Monitoring |
12.1.2.2. Process & Environment |
12.1.3. Controllers |
12.1.4. Microwave modules |
12.1.5. Optoelectronics |
12.1.6. Conveyors |
12.1.7. Wireless Telecommunication Components |
12.1.8. Others |
12.2. Mode of Automation Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Semi-Automatic |
12.2.2. Fully Automatic |
12.3. Technology Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. SCADA |
12.3.2. PLC |
12.3.3. PAC |
12.3.4. DCS |
12.3.5. HMI |
12.4. End-User Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.4.1. Oil & Gas |
12.4.2. Aerospace & Defense |
12.4.3. Electronics |
12.4.4. Automotive |
12.4.5. Pharmaceuticals |
12.5. Country Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Industrial Automation Market - Opportunity Analysis Index, By Product, By Mode of Automation, By technology, By End-Use, and Country, 2021 - 2027 |
12.7. Asia-Pacific Industrial Automation Market Dynamics - Trends |
13. Latin America Industrial Automation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
13.1. Product Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Industrial Robots |
13.1.2. Industrial Sensors |
13.1.2.1. Position & Monitoring |
13.1.2.2. Process & Environment |
13.1.3. Controllers |
13.1.4. Microwave modules |
13.1.5. Optoelectronics |
13.1.6. Conveyors |
13.1.7. Wireless Telecommunication Components |
13.1.8. Others |
13.2. Mode of Automation Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Semi-Automatic |
13.2.2. Fully Automatic |
13.3. Technology Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. SCADA |
13.3.2. PLC |
13.3.3. PAC |
13.3.4. DCS |
13.3.5. HMI |
13.4. End-User Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.4.1. Oil & Gas |
13.4.2. Aerospace & Defense |
13.4.3. Electronics |
13.4.4. Automotive |
13.4.5. Pharmaceuticals |
13.5. Country Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Argentina |
13.5.4. Rest of Latin America |
13.6. Latin America Industrial Automation Market - Opportunity Analysis Index, By Product, By Mode of Automation, By technology, By End-Use and Country, 2021 - 2027 |
13.7. Latin America Industrial Automation Market Dynamics - Trends |
14. Middle East and Africa Industrial Automation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
14.1. Product Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Industrial Robots |
14.1.2. Industrial Sensors |
14.1.2.1. Position & Monitoring |
14.1.2.2. Process & Environment |
14.1.3. Controllers |
14.1.4. Microwave modules |
14.1.5. Optoelectronics |
14.1.6. Conveyors |
14.1.7. Wireless Telecommunication Components |
14.1.8. Others |
14.2. Mode of Automation Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Semi-Automatic |
14.2.2. Fully Automatic |
14.3. Technology Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.3.1. SCADA |
14.3.2. PLC |
14.3.3. PAC |
14.3.4. DCS |
14.3.5. HMI |
14.4. End-User Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.4.1. Oil & Gas |
14.4.2. Aerospace & Defense |
14.4.3. Electronics |
14.4.4. Automotive |
14.4.5. Pharmaceuticals |
14.5. Country Analysis 2016 - 2020 and Forecast 2021 - 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. Israel |
14.5.3. South Africa |
14.5.4. Rest of MEA |
14.6. MEA Industrial Automation Market - Opportunity Analysis Index, By Product, By Mode of Automation, By Technology, By End-Use and Country, 2021 - 2027 |
14.7. MEA Industrial Automation Market Dynamics - Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Source Offerings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. ABB Ltd |
15.2.2. Siemens AG |
15.2.3. General Electric Company |
15.2.4. Emerson Electric Company |
15.2.5. Yokagawa Electric |
15.2.6. Rockwell Automation |
15.2.7. Mitsubishi Electric Corporation |
15.2.8. Honeywell International, Inc. |
15.2.9. Schneider Electric SE |
16. Research Methodology |
17. Key Assumptions and Acronyms |
Key Market Players