Industrial Automation Market Size, Share, Growth Analysis, By Component (Hardware, Software), By Type (Fixed Automation, Flexible Automation), By Industry (Automotive, Food & Beverage), By Application, By Region - Industry Forecast 2025-2032

Industrial Automation Market size was valued at USD 204.0 billion in 2022 and is poised to grow from USD 220.6 billion in 2023 to USD 429.51 billion by 2031, growing at a CAGR of 8.8% during the forecast period (2024-2031).

The industrial automation market growth is competitive, characterized by a landscape dominated by several key players. These companies present a broad spectrum of products like the programmable logic controller (PLC), human interface devices, supervisory control and data acquisition devices and systems, and various industrial robots amongst others. However, there are many other industry players and new entrants from the region, as well as increasingly innovative solutions and technologies such as machine vision systems, and predictive maintenance systems for the industrial environment. The role of strategic partnerships and affiliations, mergers and acquisitions are critical in determining key features of the market growth, allowing companies to proliferate its market share, as well as advance its technology portfolio and sustain its competitive advantages. It creates a continual development and guarantees the market relevant to the dynamics of industries and what is expected on the international level.  'ABB (Switzerland)  ', 'Emerson (US)  ', 'Siemens (Germany)  ', 'Schneider Electric (France)  ', 'Mitsubishi Electric (Japan)  ', 'Bosch Rexroth  ', 'Endress+Hauser (Switzerland)  ', 'Honeywell (US)  ', 'Rockwell Automation (US)   ', 'General Electric (US)  ', 'FANUC CORPORATION (Japan)  ', 'OMRON Corporation (Japan)  ', 'Advantech Co., Ltd. (Taiwan)  ', 'Hitachi Ltd. (Japan)  ', 'Keyence Corporation (Japan)  ', 'Parker Hannifin Corporation (US)  ', 'Yaskawa Electric Corporation (Japan)  ', 'Beckhoff Automation GmbH & Co. (Germany)  ', 'Danaher Corporation (US)  ', 'Fuji Electric (Japan)'

The Asia Pacific region dominated the market and accounted for the largest revenue share of over 37% in 2023 and is expected to continue its dominance from 2024 to 2031. This dynamic growth is driven by major market players and growing sectors in the region driving the growth of the market. The use of smart raw materials from traditional manufacturing processes is unique and is helping to increase the adoption of market for automation technologies.