Global Industrial Control & Factory Automation Market Overview:
Industrial automation uses control systems, like computers and information technologies or robots, to manage complex machinery in an industry to replace humans. It is another way beyond mechanization in the field of industrialization. By practicing the benefit of automation technologies, industrial processes automatically adjust process variables to set or aspired values utilizing closed-loop control techniques. Industrial automation improves personnel’s safety by substituting them with automated machines in hazardous working conditions. Automation can keep the process in-house, enhance process control, and significantly reduce lead times than outsourcing or operating overseas. Automation solutions are based on unique requirements and intentions and pay for themselves instantly due to reduced lead times, lower operating costs, increased output, and more.
Global Industrial Control & Factory Automation Market Insights
The global industrial control & factory automation market size was valued at USD 16,982.41 million in 2019 and projected to reach USD 272,211.57 million by 2027, growing at a CAGR of 8.01% during the forecast period, 2020-2027. The significant factors are the growing adoption of the Industry 4.0 trend and IoT-enabled intelligent technologies. Additionally, the emergence of connected enterprises and the requirement of mass manufacturing of products will spur the global industrial control & factory automation industry in the future periods. Furthermore, the increasing adoption of intelligent systems, components, and machinery and equipment to improve processes through automation and self-optimization is expected to witness unprecedented industrial control & factory automation growth. The increasing government initiatives for industrial automation in various sectors and increased year-on-year robotic automation expenditure are expected to propel industrial control & factory automation demand over the coming years.
Moreover, the growing population in developing countries and the rise in stringent quality requirements positively impact the industrial control & factory automation market. Furthermore, the increasing demand for safety compliance automation products and the growing need for advanced manufacturing infrastructure fuels the demand for industrial control & factory automation market. The high adoption of automation solutions in the manufacturing, oil & gas, chemicals & materials, and pharmaceutical sectors will bolster the global industrial control & factory automation market share. In addition, the increasing focus of industry players on achieving energy efficiency in the manufacturing process propelling the growth of the industrial control & factory automation market across the globe.
Growth Driver
Rising government initiatives and supportive policies
In emerging countries like Europe and Asia-Pacific, the government promotes adopting industrial automation technologies, solutions, and systems to digitalize their particular manufacturing sectors. For instance, the Chinese government invested $577 million in 2019 to develop industrial robots under its Made in China 2025 plan. Under this plan, the government intends to upgrade the manufacturing capabilities of Chinese industries. Under its five-year Robot Industry Development Plan, China wants to develop top robot manufacturers, create 8–10 industrial clusters, and expand its robot density. Further, In September 2020, the U.K. government announced plans to invest approximately $180 million into the second round of its Manufacturing Made Smarter scheme, promoting innovation and interconnectivity in its manufacturing sector.
Rise of connected enterprises and increasing demand for mass manufacturing of products
The emergence of connected enterprises is expanding the growth of the industrial control & factory automation market globally. Connected Enterprise meets plant-level and enterprise networks and securely connects people, processes, and technologies. Adequate information flow across various units in industries is an essential factor for improved production activities. It allows manufacturers to understand the method of converting raw materials into finished goods in an improved way with the help of IoT and IP networks. IoT-enabled systems can be used to ensure the proper flow of raw materials, track the position of field instruments, keep a record of the status of machines, and report products going through the supply chain. Connected enterprises also have easy access throughout the entire supply chain to the flow of information, which helps to make it easy for them to respond to the changing market conditions. Real-time data allows manufacturers to identify issues related to cyber theft and achieve production according to the market requirements and reduce inventory costs. The manufacturing of quality products and expanded requirements for enhanced productivity drive the demand for advanced tools and software systems. Hence, this demand can be approached by deploying advanced production systems and techniques contributed by industrial control and factory automation.
COVID-19 Impacts Insights
The outbreak of COVID-19 has recently vigorously affected the value chain of the industrial control & factory automation market. COVID-19 harmed the industrial control & factory automation market, resulting in decreased shipments of components and solutions of industrial control & factory automation and their revenues. This trend is assumed to discontinue in the following half of the year. The process and discrete industries behold a profound demand, which is considered to last for a short time due to the global slowdown. Due to the increasing concern for intelligent automation, energy, and resource efficiency, the market is predicted to develop.
Component Segmental Analysis
Based on the component, the global industrial control & factory automation market is segregated into industrial sensors, industrial robots, machine vision systems, process analyzers, field instruments, human-machine interface, Industrial 3d printers, industrial pc, and vibration monitoring. The industrial 3d printers segment is estimated to witness the highest growth over the analysis timeframe due to the increasing adoption in various industries, including food & beverages, aerospace & defense, and semiconductor & electronics. In addition, the ability of 3D printers to manufacture lightweight, cost-effective parts with high accuracy makes it a favored choice for the aerospace & defense sector, thus, expanding its use in the industry. Further, the 3D printing technology is majorly used in the food & beverages industry to manufacture molds for different types of food such as hard candies, chocolates, and cakes, which is expected to drive the market.
The industrial sensors segment will grow significantly due to the advancement in technology and the pressure/torque sensors and their extensive use across a range of industries such as healthcare, consumer electronics, automotive, and military. In addition, sensors play a vital part in making the products intellectual and exceptionally automatic. These permit one to detect, analyze, measure, and process various transformations like alteration in position, height, exterior, length, and dislocation in the industrial manufacturing sites.
Solution Segmental Analysis
Based on the solution, the global industrial control & factory automation market is categorized into supervisory control and data acquisition system (SCADA), plant asset management (PAM), programmable logic controller (PLC), distributed control system (DCS), manufacturing execution system (MES), and industrial safety. The plant asset management segment held for a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the growing deployment of PAM solutions in discrete and process industries to build a large data repository related to diverse equipment installed in these plants. In addition, the plant asset management plans promote accuracy and help predict plant performance and heighten production levels.
The distributed control system segment is poised to witness significant growth over the forecast period due to the growing adoption in manufacturing plants. DCSs is a digital automated industrial control system that is distributed so that one or more controllers control each component of a manufacturing plant, thereby providing instructions to different parts of the plant.
Industry Segmental Analysis
The global industrial control & factory automation market is classified into process industries and discrete industries based on the industry. The process industries segment is categorized into oil & gas, chemicals, pharmaceuticals, energy & power, metals & mining, pulp & paper, food & beverages, and others. In contrast, the discrete industries segment is divided into automotive, aerospace & defense, semiconductor & electronics, machine manufacturing, medical devices, and others. The process industries segment is expected to be the highest revenue share for industrial control & factory automation during the forecast period. Due to the process industries such as food & beverages, chemicals, petroleum, paper, and pharmaceuticals are the major end-user of industrial control & factory automation solutions. In addition, the rising demand for DCS to continuously monitor and control fluids such as milk, oil, and water. The DCS, along with valves and other instruments, constantly monitors and regulates the liquid flow and mixing of these industrial contents throughout the whole production process. Besides, PLCs are also popularly used in process industries such as food and beverages and water and wastewater.
However, the discrete industries will witness a lucrative growth rate in the estimated period due to the rising adoption of innovative solutions across their production sites to be more competitive and reduce costs.
Region Segmental Analysis
By geography, the global industrial control & factory automation market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. This is due to technological advancements, leading industry players’ presence, and increasing government initiatives to promote industrial automation.
The Asia Pacific will capture a significant share of the industrial control & factory automation market by 2027. It is due to the increasing investments in the IIoT and rising government initiatives & policies supporting the digitization of manufacturing plants. In addition, the growing population, along with environmental awareness, supports the adoption of industrial automation solutions, such as DCS, SCADA, industrial sensors, and industrial robots.
Competitor Analysis
Companies such as ABB Ltd., Emerson Electric Co, Rockwell Automation Inc., Honeywell International Inc., General Electric Co., Schneider Electric SE, Endress+Hauser AG, Siemens AG, Mitsubishi Electric Corp., Yokogawa Electric Corp., and Dassault Systemes SE are the key players in the global industrial control & factory automation market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global industrial control & factory automation solutions manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to industrial control & factory automation
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In September 2021, to distribute Automation and Control Products, Digi Key partners with Siemens.
- In July 2021, Control System Modularity was introduced by Emerson with the ability to deploy modular assets with more flexibility.
- In April 2021, Google Clouds and Siemens collaborated to encooperate AI-based solutions in manufacturing.
- In March 2021, ETH Zurich and ABB expanded their robotics research partnership as part of ETH’s RobotX initiative.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps assess potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a significant effect on the target market.
- Market Segmental Analysis defines an in-depth scenario of the target market by grouping consumers into naturally existing segments of consumers who share similar product preferences or characteristics.
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs, wants, and cultural characteristics that can specifically target.
Market Modelling
By Components
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Global Industrial Control & Factory Automation Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Industrial Control & Factory Automation Market Overview
- Market Size & Forecast,2016-2027
- Market Share & Forecast, 2016-2027
- By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
- By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Industrial Control & Factory Automation Market Overview
- North America Industrial Control & Factory Automation Market Size & Forecast, 2016-2027
- North America Industrial Control & Factory Automation Market Share & Forecast, 2016-2027
- By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
- By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
- By Country
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Industrial Control & Factory Automation Market
- Europe Industrial Control & Factory Automation Market Overview
- Europe Industrial Control & Factory Automation Market Size & Forecast, 2016-2027
- Europe Industrial Control & Factory Automation Market Share & Forecast, 2016-2027
- By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
- By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Industrial Control & Factory Automation Market
- Asia Pacific Industrial Control & Factory Automation Market Overview
- Asia Pacific Industrial Control & Factory Automation Market Size & Forecast, 2016-2027
- Asia Pacific Industrial Control & Factory Automation Market Share & Forecast, 2016-2027
- By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
- By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Industrial Control & Factory Automation Market
- South America Industrial Control & Factory Automation Market Overview
- South America Industrial Control & Factory Automation Market Size & Forecast, 2016-2027
- South America Industrial Control & Factory Automation Market Share & Forecast,2016-2027
- By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
- By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Industrial Control & Factory Automation Market
- Middle East & Africa Industrial Control & Factory Automation Market Overview
- Middle East & Africa Industrial Control & Factory Automation Market Size & Forecast, 2016-2027
- Middle East & Africa Industrial Control & Factory Automation Market Share & Forecast, 2016-2027
- By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Process Analyzers
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Vibration Monitoring
- By Solution
- Supervisory Control and Data Acquisition System (SCADA)
- Plant Asset Management (PAM)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Industrial Safety
- By Industry
- Process Industries
- Oil & Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Food & Beverages
- Others
- Discrete Industries
- Automotive
- Aerospace & Defense
- Semiconductor & Electronics
- Machine Manufacturing
- Medical Devices
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Industrial Control & Factory Automation Market
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- ABB Ltd.
- Emerson Electric Co
- Rockwell Automation Inc.
- Honeywell International Inc.
- General Electric Co.
- Schneider Electric SE
- Endress+Hauser AG
- Siemens AG
- Mitsubishi Electric Corp.
- Yokogawa Electric Corp.
- Dassault Systemes SE
- Other Prominent Players