The Global Industrial Automation Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Because industry automation standardises industrial processes and assures consistent, high-quality outputs, it is in great demand in sectors that require dependable, high-quality production. Furthermore, due to qualities like little human interaction, higher quality, and lower labour expenditures, it meets the requirement for mass production in industries, resulting in a low total operational cost. The rising adoption of the Industry 4.0 movement and IoT enabled smart technologies has boosted demand for industrial automation.
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Technology proliferation, expanding economic prospects, and rising need for operational efficiency are all driving factors in the market. This ecosystem is intended to boost any country’s innovative capabilities by embracing the new era of economic development. It is also expected to have a major influence on a wide variety of organisations, stakeholders, and business models, resulting in a favourable regulatory environment, that will encourage adoption across industries globally. Growing public awareness of the industrial automation advantages, as well as technical developments in semiconductors and electrical devices, are projected to provide the sector with significant growth opportunities during the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Industrial Automation Market Report
By Control and Safety System
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition System (SCADA)
- Manufacturing Execution System (MES)
- Safety Instrumented System (SIS)
- Programmable Logic Controllers (PLC)
- Human Machine Interface (HMI)
By Component
- Sensor
- Controllers
- Switches & Relays
- Industrial Robots
- Drives
By Industry Vertical
- Automotive Manufacturing
- Food & Beverage
- Oil & Gas Processing, Mining
By Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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