Industrial Automation Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Industrial Automation Market: By Product (Industrial Robots, Industrial Sensors, Position & Monitoring, Process & Environment, Controllers, Microwave modules, Optoelectronics, Conveyors, Wireless Telecommunication Components, Others), By Mode of Automation (Semi-Automatic, Fully Automatic), By Technology (SCADA, PLC, PAC, DCS, HMI), By End-User (Oil & Gas, Aerospace & Defense, Electronics, Automotive, Pharmaceuticals) and Geography

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Report

Description

Industrial Automation Market size is valued at USD 191.2 billion in 2021 and is expected to reach a value of USD 360.9 million by 2028, growing at a CAGR of 9.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the industrial automation market and that can be segmented by product, mode of automation, technology, and end-user. By product, the industrial automation 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 industrial automation 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 2022-2028. 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 2021-2028. 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.

Key Developments:

In Feb 2021, the GoFa and SWIFTI cobot families have been added to BB’s cobot offering. These cobots will complement YuMi and Single Arm YuMi in ABB’s cobot portfolio, with increased payload capacity and faster robot mobility.

Industrial Automation Market

MARKET SUMMARY
-
9.5 % CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 9.5%
  • Largest Market– Asia-Pacific

Industrial Automation Market

  • Industrial Automation Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Industrial Automation Market is segmented based on by product, mode of automation, technology, end-user and geography.
Market Leaders
  • ABB Ltd
  • Siemens AG
  • General Electric Company
  • Emerson Electric Company
  • Yokagawa Electric
Industrial Automation Market

Drivers

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.


Industrial Automation Market Regional Analysis

Asia Pacific dominates the market

Asia Pacific market is expected to witness the highest market share during the forecast period. The growth in the region can be attributed to the growing population in developing countries, environmental awareness, increasing adoption of factory automation and industrial automation solutions and components, increasing adoption of green buildings, government initiatives for regulating energy-efficient practices across the commercial sector

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Industrial Automation Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

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).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

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. By Product
2.2.2. By Mode of Automation
2.2.3. By Technology
2.2.4. By End-User
2.2.5. By 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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Hardware
5.1.1. Industrial Robots
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Semi-Automatic
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. SCADA
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. Oil & Gas
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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

Report

Company Profile

  • ABB Ltd
  • Siemens AG
  • General Electric Company
  • Emerson Electric Company
  • Yokagawa Electric
  • Rockwell Automation
  • Mitsubishi Electric Corporation
  • Honeywell International, Inc.
  • Schneider Electric SE

Description

Industrial Automation Market size is valued at USD 191.2 billion in 2021 and is expected to reach a value of USD 360.9 million by 2028, growing at a CAGR of 9.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the industrial automation market and that can be segmented by product, mode of automation, technology, and end-user. By product, the industrial automation 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 industrial automation 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 2022-2028. 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 2021-2028. 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.

Key Developments:

In Feb 2021, the GoFa and SWIFTI cobot families have been added to BB’s cobot offering. These cobots will complement YuMi and Single Arm YuMi in ABB’s cobot portfolio, with increased payload capacity and faster robot mobility.

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