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The industrial automation control market size is forecast to increase by USD 28.3 billion at a CAGR of 3.91% between 2023 and 2028. The market is witnessing significant growth due to the increasing need for simplification of complex manufacturing activities. Open platform architectures for automation software are gaining popularity as they offer flexibility and ease of integration with various systems. However, the market is also exposed to cybersecurity threats, which require strong security measures to ensure data protection and system integrity. Additionally, the adoption of Industry 4.0 and the Internet of Things (IoT) in manufacturing processes is driving the demand for advanced automation solutions. These trends are shaping the future of the market and are expected to provide ample opportunities for market growth.
The industrial automation industry is experiencing significant growth due to the integration of advanced technologies such as IoT, AI, and cyber-physical systems. These technologies enable automation systems to collect and analyze data in real-time, leading to cost reduction, improved quality, and enhanced operator safety on the factory floor. Skylight, a key principle of industrial automation, allows for upskilling of the workforce through training programs and the use of HMI and SCADA systems. Industrial sensors and semiconductor chips play a crucial role in data collection and processing. Automation systems are increasingly adopting principles of AI and machine learning to optimize processes and improve efficiency.
Further, robotics and augmented networking architectures are also gaining popularity, particularly in the manufacturing sector. DCS and PLC systems continue to be the backbone of industrial automation, while cloud computing provides the flexibility to access data and control systems remotely. Cybersecurity remains a major concern in the industrial automation industry, with the increasing use of IoT and AI systems. The integration of AI and SCADA systems can lead to more sophisticated control and monitoring, while HMI systems provide a user-friendly interface for operators. Overall, the industrial automation industry is poised for continued growth as it embraces the latest technologies to drive efficiency, productivity, and safety.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The sensors segment is estimated to witness significant growth during the forecast period. The industrial automation industry is witnessing significant growth due to the integration of advanced technologies such as IoT, AI, and cyber-physical systems. Skylight and Upskill are pioneering the way with their augmented networking architectures, enabling new systems to communicate and learn from each other. GE Healthcare, a leader in digital industrial, is leveraging principles like cloud computing and IIoT to optimize manufacturing processes. Industrial sensors, a crucial component of automation systems, are evolving with the times. Semiconductor chips and wireless technology are enabling the development of high-precision, reliable, and cost-effective sensors for various applications, including flow, temperature, pressure, gas, proximity, level, position, bio, velocity, and vibration.
These sensors, integrated with HMI and automation systems like SCADA, PLC, and DCS, are enhancing production, reducing labor costs, and improving operator safety. Industrial sector applications, such as material handling, manufacturing, and factory floor automation, are benefiting from these technological advancements, leading to improved quality, cost reduction, and enhanced production. With the advent of smart manufacturing and internet connectivity, industrial automation is poised for exponential growth. Robotics and artificial intelligence are further revolutionizing the sector by automating repetitive tasks and increasing productivity.
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The sensors segment was valued at USD 26.70 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is witnessing significant growth due to the increasing reliance on automation by businesses to enhance operational efficiency and reduce costs. Economic growth in various industry verticals, such as automotive, aerospace, heavy engineering, and machine learning, is driving the investment in state-of-the-art machinery and industrial robots. The adoption of advanced sensors, including temperature sensors, humidity sensors, and torque sensors, is facilitating real-time monitoring and predictive maintenance, thereby reducing raw material waste and energy usage. The integration of 5G technology is expected to revolutionize the market by enabling faster data transfer and improved connectivity. Key industry verticals, including aerospace & defense, chemical, energy & utilities, and healthcare, are anticipated to significantly contribute to the market's growth in the coming years. Shareholders are recognizing the potential of automation to deliver long-term value and are aligning business models accordingly.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The need for simplification of complex manufacturing activities is the key driver of the market. In the evolving industrial landscape, maintaining plant assets and optimizing production processes have become crucial for operators in various sectors, including oil and gas, food and beverage, and water treatment. The increasing complexity of manufacturing processes, driven by the production of customized goods and cyclic demand, necessitates advanced tools and mechanisms to manage intricate relationships between production equipment, inventory, and support systems. Industrial automation control systems, such as Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), and Programmable Logic Controllers (PLCs), play a vital role in monitoring and managing complex processes, operations, and systems on the factory floor. The advent of technologies like IoT, AI, and cloud computing has significantly impacted the industrial automation industry. IoT sensors and wireless technology enable real-time data collection and analysis, while AI and machine learning algorithms facilitate predictive maintenance and process optimization.
Further, cyber-physical systems, semiconductor chips, and HMI (Human-Machine Interface) technologies have become essential components of modern automation systems. Moreover, the integration of robotics, automation, and material handling systems has led to increased productivity, reduced labor costs, and enhanced production capabilities. Augmented networking architectures, such as augmented reality (AR) and virtual reality (VR), provide new systems for improved operator safety and training. Smart manufacturing, cloud, mobility, and internet connectivity are key drivers of technology growth in the industrial sector. Industrial sensors and control systems, such as SCADA, DCS, and PLC, have become essential for managing complex production models and ensuring cost reduction, improved quality, and enhanced production capabilities.
The increasing need for open platform architecture for automation software is the upcoming trend in the market. The industrial automation industry is witnessing significant advancements with the integration of IoT, AI, and cyber-physical systems. Open platform architectures, such as Skylight, are revolutionizing automation control solutions by enabling users to configure and adapt functionality. This empowers original equipment manufacturers (OEMs) to enhance their product offerings, ensuring compatibility with various runtime platforms like industrial PCs and operating panels. Moreover, the adoption of open architecture allows users to incorporate third-party scripting tools and .Net controls, promoting flexibility and customization. IoT sensors and wireless technology play a crucial role in industrial automation, with principles like HMI, SCADA, PLC, and DCS being augmented through AI and robotics.
Moreover, cloud computing facilitates cost reduction, improved quality, and enhanced production, while mobility and smart manufacturing enable real-time monitoring and control. SMEs in the industrial sector can benefit from IIoT and cost-effective semiconductor chips, driving automation growth. New systems based on augmented networking architectures and automation systems are transforming the factory floor, ensuring improved operator safety and productivity, while reducing labor costs. The integration of technology growth areas like AI and cloud into industrial automation is expected to lead to enhanced production, improved quality, and increased efficiency.
Exposure to cybersecurity threats is a key challenge affecting market growth. The industrial automation industry is witnessing significant growth due to the integration of advanced technologies such as IoT, AI, and robotics. Industrial sensors, HMI, SCADA, PLC, DCS, and cyber-physical systems are becoming increasingly important in automating manufacturing processes, material handling, and labor-intensive tasks. The principles of automation are being extended to small and medium-sized enterprises (SMEs) through the Industrial Internet of Things (IIoT) and wireless sensors. Semiconductor chips and cloud computing are playing a crucial role in enabling the development of new automation systems. Augmented networking architectures and automation systems are enhancing productivity and reducing labor costs on the factory floor. The adoption of these technologies is also leading to improved quality, enhanced production, and improved operator safety.
Therefore, it is imperative for industries to invest in strong cybersecurity measures to safeguard their critical infrastructure and maintain productivity and efficiency. The adoption of cloud, mobility, smart manufacturing, and internet connectivity is driving technology growth in the industrial automation industry. These advancements are enabling real-time monitoring and control of industrial processes, leading to improved efficiency, productivity, and cost reduction. The integration of AI and machine learning algorithms is further enhancing the capabilities of automation systems, enabling predictive maintenance and optimizing production processes. In conclusion, the industrial automation industry is undergoing a significant transformation, driven by the integration of advanced technologies such as IoT, AI, and robotics. While these technologies offer numerous benefits, they also present new challenges, particularly in the area of cybersecurity.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Honeywell International Inc.: The company's key offerings include industrial automation control solutions such as Oprex control improvement software, Oprex control devices, and the Oprex quality control system under industrial automation control.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The industrial automation industry is experiencing significant growth, driven by the integration of IoT, AI, and cyber-physical systems. These technologies enable automation systems to collect data from industrial sensors and analyze it in real-time using HMIs, SCADA, DCS, and PLC. New systems, such as augmented networking architectures, are enhancing productivity and reducing labor costs in manufacturing, material handling, and the industrial sector. Principles of cloud computing, mobility, and smart manufacturing are transforming factory automation. IIoT and wireless sensors are enabling real-time monitoring and predictive maintenance. Semiconductor chips are becoming smaller and more powerful, enabling the development of advanced automation systems.
Further, robotics and artificial intelligence are also playing a crucial role in automation. They improve operator safety, reduce errors, and enhance production. Cyber-physical systems are enabling the integration of these technologies, allowing for improved quality and cost reduction. The implementation of these technologies requires upskilling of the workforce. Skylight and other training programs are helping to bridge the skills gap. Overall, the industrial automation market is poised for significant growth, with the potential to revolutionize the way we manufacture and produce goods.
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Market Scope |
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Report Coverage |
Details |
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Page number |
192 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.91% |
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Market Growth 2024-2028 |
USD 28.3 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.73 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 48% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Beckhoff Automation GmbH and Co. KG, Bosch Rexroth AG, Eaton Corp. Plc, Electrical4U, Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Industrial Automation Control, Keyence India Pvt. Ltd., Novo Nordisk AS, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yokogawa Electric Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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