Industrial Automation and Control Systems Market
Report ID: SQMIG20I2179
Industrial Automation and Control Systems Market Size, Share, Growth Analysis, By Component Type(Human Machine Interface, Industrial Robots, Control Valves, Sensors), By Control System(Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Product Lifecycle Management and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2179 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
66
|Figures:
75
Industrial Automation and Control Systems Market Insights
Industrial Automation and Control Systems Market size was valued at USD 157 Billion in 2021 and is poised to grow from USD 173.49 Billion in 2022 to USD 385.62 Billion by 2030, at a CAGR of 10.5% during the forecast period (2023-2030).
The global Industrial Automation and Control Systems Market represents a dynamic and rapidly evolving landscape within the broader realm of industrial technology. This market revolves around the integration of advanced automation and control solutions into various industries, with the primary aim of enhancing operational efficiency, productivity, and safety. Industrial automation and control systems encompass an array of technologies, including sensors, actuators, control software, and communication networks, all working in harmony to streamline processes and facilitate real-time decision-making.
The core purpose of the Industrial Automation and Control Systems Market is to revolutionize traditional industrial practices by reducing manual intervention and optimizing workflows. These systems enable seamless monitoring, control, and synchronization of complex industrial processes, leading to minimized downtime, improved resource utilization, and higher output quality. The market caters to industries ranging from manufacturing and energy to pharmaceuticals and automotive, offering tailored solutions to address diverse operational requirements.
A key driving factor propelling the growth of this market is the insatiable demand for increased operational efficiency and cost reduction across industries. Industrial automation and control systems deliver these benefits through enhanced precision and predictive maintenance, leading to improved resource allocation and reduced wastage. Furthermore, the surge in the adoption of Industry 4.0 and the Industrial Internet of Things (IIoT) has created an environment conducive to the integration of smart technologies, fostering the proliferation of automation and control systems.
While the market demonstrates promising growth, certain restraining factors warrant consideration. Initial setup costs, including investment in technology, training, and system integration, can deter smaller enterprises from embracing these solutions. concerns related to cybersecurity and data privacy present challenges, particularly as connected systems become more susceptible to potential threats.
The Industrial Automation and Control Systems Market faces the challenge of striking a balance between automation and human oversight. Ensuring that systems can adapt to unexpected scenarios or anomalies while maintaining safety and compliance standards remains a complex task. Furthermore, the rapid pace of technological evolution demands that market participants stay current with advancements, which can be resource-intensive.
Amidst the challenges, numerous opportunities abound within the Industrial Automation and Control Systems Market. The increasing focus on sustainable practices and energy efficiency presents a pathway for the integration of eco-friendly technologies. Moreover, as industries across the globe strive for greater competitiveness, there is a growing recognition that automation is a catalyst for achieving higher production volumes and superior product quality.
US Industrial Automation and Control Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
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Industrial Automation and Control Systems Market Segmental Analysis
Global Industrial Automation and Control Systems Market is segmented on the Component Type, Control System and region. By Component Type, the market is segmented into Human Machine Interface, Industrial Robots, Control Valves, Sensors, Others. By Control System, the market is segmented into Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Product Lifecycle Management and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Industrial Automation and Control Systems Market Analysis by Component Type
The industrial robots sector emerged as the dominant force in the market, capturing the largest share of revenue with a robust compound annual growth rate (CAGR) of 12% during the projected timeframe spanning from 2023 to 2030. This impressive expansion can be attributed to manufacturing enterprises' extensive integration of industrial robots and cutting-edge machinery to optimize operations demanding swiftness, robustness, and precision. The employment of industrial robots facilitates a reduction in material wastage, labor demands, and energy consumption while ensuring a seamless and uninterrupted workflow in the manufacturing continuum. These factors are anticipated to propel the growth of this segment.
In 2022, sensors component category showcased substantial performance, contributing to over 22% of the revenue share. This achievement is driven by the indispensability and integral role of sensors in the functioning and orchestration of automation and control systems. Sensors, characterized by their compact size, offer real-time and precise data and measurements, a critical attribute in automation processes. The array of sensor types encompasses temperature sensors, humidity sensors, torque sensors, among others. These sensor technologies play a pivotal role in augmenting the intelligence and efficiency of industrial automation robots, thereby enhancing the overall smartness and effectiveness of manufacturing procedures. This contribution is poised to be a driving force behind the continued growth of the market.
Industrial Automation and Control Systems Market Analysis by Control System
In 2022, the distributed control systems (DCS) category asserted its dominance within the market, capturing the largest share of revenue, exceeding 34%. This notable achievement is a direct consequence of the swift adoption of Industrial Internet of Things (IIoT) and the inclination of industrialists towards implementing automated control systems, collectively propelling the growth of the DCS market. Moreover, the emergence and incorporation of 5G technology, particularly in the power generation sector, are poised to bolster the fusion of IoT and DCS through 5G technology, thereby enhancing overall operational efficiency.
The Supervisory Control and Data Acquisition (SCADA) control system segment Anticipated to exhibit the highest compound annual growth rate (CAGR) exceeding 11% throughout the forecast period. This growth is attributed to the escalating adoption of Industry 4.0 principles. The SCADA control system has found extensive application across diverse industry verticals including aerospace & defense, automotive, chemical, energy & utilities, manufacturing, and healthcare, primarily due to its real-time data collection capabilities and instantaneous integration with controller systems. The escalating demand from manufacturers for intelligent and digitized production processes, aimed at augmenting production efficiency, is expected to be a key driver fostering further growth within this segment.
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Industrial Automation and Control Systems Market Regional Insights
In 2022, Asia Pacific region asserted its market dominance by capturing the largest revenue share, exceeding 37%, and is poised to maintain this commanding position from 2023 to 2030. This growth is primarily attributed to the region's concentration of key market players and emerging enterprises. Furthermore, the escalating demand for enhanced solutions to manage industrial facilities in India and China serves as a driving force behind market expansion within the region. A noteworthy trend in the region involves the transformation of conventional production facilities into smart production facilities, facilitating the widespread adoption of industrial automation and propelling further market growth across Asia Pacific.
In North America, a notable compound annual growth rate (CAGR) surpassing 9% is projected from 2023 to 2030. This substantial growth can be attributed to the concerted efforts of manufacturing units in the region to embrace cutting-edge technological advancements and harness digital transformation capabilities. The impetus behind this endeavor stems from intensified competition and mounting end-user demands. For instance, ABB Ltd. expanded its manufacturing reach in the U.S. in September 2022, exemplified by investments in new electric vehicle (EV) charger stations. This strategic investment is poised to cater to the surging demand for EV chargers in the region. Notably, industrial automation is gaining traction across multiple sectors in North America, including automotive, healthcare, and manufacturing. Leading companies are actively introducing industrial automation products to meet the evolving market demands, contributing to the region's growth trajectory.
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Industrial Automation and Control Systems Market Dynamics
Industrial Automation and Control Systems Market Drivers
Rapid Adoption of Industry 4.0 and IIoT
- The integration of Industry 4.0 principles and the Industrial Internet of Things (IIoT) has propelled the demand for industrial automation and control systems. Manufacturers are increasingly embracing digital transformation to create smart factories, where interconnected devices and systems enable real-time data exchange, predictive maintenance, and seamless communication. For example, companies like Siemens and Schneider Electric have been at the forefront, offering comprehensive solutions that leverage Industry 4.0 concepts to optimize manufacturing processes.
Focus on Operational Efficiency
- Industrial automation and control systems play a pivotal role in enhancing operational efficiency by minimizing downtime, reducing waste, and optimizing resource utilization. In 2022, industries across the board sought ways to improve productivity and cut operational costs. Companies like ABB and Rockwell Automation provided innovative solutions, such as predictive analytics and remote monitoring, to streamline operations and drive efficiency gains.
Industrial Automation and Control Systems Market Restraints
High Initial Investment
- The implementation of advanced industrial automation and control systems often requires a significant upfront investment in technology, infrastructure, and training. This can be a deterrent, particularly for smaller enterprises with limited budgets. For instance, the cost of upgrading existing systems to incorporate automation components can be substantial, impeding adoption in some cases.
Cybersecurity Concerns
- With the increasing interconnectivity of industrial systems, cybersecurity vulnerabilities have become a significant concern. The risk of cyberattacks targeting critical infrastructure and sensitive data has led to hesitancy among some industries to fully embrace automation. High-profile cybersecurity incidents like the Colonial Pipeline hack underscore the importance of robust security measures.
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Industrial Automation and Control Systems Market Competitive Landscape
The Global Industrial Automation and Control Systems Market is a highly competitive landscape, shaped by a constellation of established industry leaders, innovative disruptors, and specialized solution providers. This dynamic environment is driven by a relentless pursuit of technological excellence, customer-centric solutions, and the ability to address evolving industry demands. Prominent players such as Siemens AG, ABB Ltd., Rockwell Automation, Schneider Electric, and Honeywell International have emerged as industry giants, leveraging their extensive expertise and comprehensive product portfolios to cater to a wide spectrum of industrial sectors. Companies continually strive to develop cutting-edge automation and control solutions that offer enhanced efficiency, real-time data insights, and seamless integration. Beyond the established players, a wave of emerging startups and niche players are making significant inroads by focusing on specialized applications, custom solutions, and novel technologies.
Industrial Automation and Control Systems Market Top Player’s Company Profiles
- Siemens AG (Germany)
- ABB Ltd. (Switzerland)
- Rockwell Automation (US)
- Schneider Electric (France)
- Honeywell International Inc. (US)
- Emerson Electric Co. (US)
- Mitsubishi Electric Corporation (Japan)
- General Electric Company (US)
- Yokogawa Electric Corporation (Japan)
- Omron Corporation (Japan)
- Fanuc Corporation (Japan)
- Beckhoff Automation GmbH & Co. KG (Germany)
- Keyence Corporation (Japan)
- Bosch Rexroth AG (Germany)
- Parker Hannifin Corporation (US)
- Advantech Co., Ltd. (Taiwan)
- Wonderware (US)
- B&R Industrial Automation GmbH (Austria)
- National Instruments Corporation (US)
- Endress+Hauser Group (Switzerland)
Industrial Automation and Control Systems Market Recent Developments
- In April 2023, Rockwell Automation announced the launch of its new FactoryTalk Analytics Framework. FactoryTalk Analytics Framework is a platform that provides a unified view of industrial data from across the enterprise.
- In March 2023, ABB announced the launch of its new Ability 800xA control system. Ability 800xA is a scalable and modular control system that is designed to meet the needs of complex industrial applications.
- In February 2023, Schneider Electric announced the acquisition of Aveva Group. Aveva is a provider of industrial software solutions. The acquisition will help Schneider Electric to expand its portfolio of IACS solutions.
- In January 2023, Siemens announced the launch of its new MindSphere Industrial IoT platform. MindSphere is a cloud-based platform that provides a unified view of industrial data from across the enterprise.
Industrial Automation and Control Systems Key Market Trends
- Edge Computing Integration: In 2022, there was a notable trend toward integrating edge computing with industrial automation systems. Edge computing allows data processing to occur closer to the data source, reducing latency and enabling real-time decision-making. This trend has been exemplified by collaborations between automation providers and edge computing companies to create more responsive and efficient systems.
- Human-Robot Collaboration: The trend of human-robot collaboration gained traction, particularly in manufacturing environments. Cobots (collaborative robots) were increasingly deployed alongside human workers to perform tasks that require precision, while humans focus on complex decision-making. This trend is exemplified by companies like Universal Robots, which develop cobots designed to work alongside humans safely and efficiently.
Industrial Automation and Control Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by smeans of Primary Exploratory Research backed by robust Secondary Desk research. According to our analyses, The Global Industrial Automation and Control Systems Market is expected to experience significant growth during the forecast period from 2022 to 2030. North America holds a dominant position in terms of revenue share. This supremacy is driven by factors such as technological advancements, a strong industrial base, and a proactive approach towards automation adoption. The presence of key market players further cements North America's leadership. In contrast, the Asia Pacific region exhibits the fastest growth rate, propelled by increasing industrialization, economic expansion, and a surge in demand for streamlined processes. The market encompasses diverse segments, including distributed control systems, programmable logic controllers, human-machine interfaces, and more. Among these, the programmable logic controllers (PLCs) segment commands a significant share due to its versatility and application across various industries. the market is characterized by the incorporation of cutting-edge technologies like edge computing, IoT integration, and artificial intelligence, enhancing the efficiency and productivity of industrial processes. Challenges such as cybersecurity concerns, interoperability issues, and the need for skilled personnel remain on the horizon. However, key trends like the integration of cybersecurity measures, the convergence of IT and OT, and a growing emphasis on sustainable practices are shaping the market's trajectory. The industrial automation and control systems market presents ample opportunities for innovation, collaboration, and expansion, as companies strive to meet the demands of a rapidly evolving industrial landscape while ensuring seamless and efficient operations across sectors worldwide.
What’s Included
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| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 157 Billion |
| Market size value in 2030 | USD 385.62 Billion |
| Growth Rate | 10.5% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Automation and Control Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Automation and Control Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Automation and Control Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Automation and Control Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Automation and Control Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Automation and Control Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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