Industrial Automation and Control Systems Market Size & Share 2024 to 2032
Market Size by Solution (Enterprise level, Plant solution, Plant level control system), by Vertical & Forecast.
Report ID: GMI5506
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Published Date: January 2024
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Report Format: PDF
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Authors:
Suraj Gujar, Ankita Chavan
Industrial Automation and Control Systems Market Size
Industrial Automation and Control Systems Market was valued at over USD 165 billion in 2023 and is estimated to register a CAGR of over 9.5% between 2024 and 2032. The growing demand for customization and flexibility is a significant factor driving the IACS market growth.
Industrial Automation and Control Systems Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Industries across various sectors are increasingly seeking ways to adapt their manufacturing processes to meet specific customer requirements, respond to changing market demands, and enhance overall operational agility. For instance, In August 2023, Yokogawa Electric Corporation released an upgrade of Collaborative Information Server (CI Server), a product in the OpreX Control and Safety System family, with more robust alarm management, improved access to maintenance information, and expanded support for international communications standards.
Automation systems including PLCs & robotics enable quick reconfiguration and adaptation of production lines. The concept of mass customization, where products are tailored to individual customer needs on a large scale, is gaining prominence. IACS facilitates the implementation of flexible & adaptable production systems that can accommodate the customization required for mass customization strategies. Customizable automation systems support agile manufacturing practices, allowing industries to respond rapidly to market changes. Agility is crucial for staying competitive in dynamic markets, and IACS enables quick adjustments in production processes to meet the evolving demands.
The upfront investment required for purchasing hardware, software, sensors, controllers, and other solutions of automation systems can be substantial. Many businesses, especially Small- & Medium-sized Enterprises (SME), may face constraints in allocating the necessary capital for these initial expenditures, leading to hesitancy in adopting automation solutions. Integrating new automation systems with the existing infrastructure can be complex and costly. Businesses often need to retrofit or upgrade their current systems to ensure compatibility and seamless integration. The expenses associated with integrating automation technologies into the existing workflow contribute to the overall high implementation costs.
Industrial Automation and Control Systems Market Trends
Industrial automation and control systems (IACS) represent a transformative paradigm in industrial processes, leveraging sophisticated control systems such as computers and robots to replace or augment human intervention. These systems operate diverse industrial machinery, fostering efficiency, productivity, and safety. The key solutions include Programmable Logic Controllers (PLCs), Supervisory Control and Data Acquisition (SCADA) systems, Distributed Control Systems (DCS), Human-Machine Interface (HMI), Industrial Internet of Things (IIoT) devices, and robotics. The adoption of IACS is driven by the pursuit of heightened efficiency, evident in streamlined processes and reduced manual labor, while concurrently enhancing safety measures and regulatory compliance. Cost reduction is another driving force, achieved through error minimization, resource optimization, and reduced downtime. For instance, In October 2021, Emerson acquired the Progea Group, a provider of IIoT, plant analytics, HMI, and SCADA technologies.
In contemporary market trends, the integration of Industrial Internet of Things (IIoT) devices is a focal point, facilitating enhanced connectivity and data exchange between industrial systems. Edge computing is gaining prominence, enabling data processing closer to the source, thus reducing latency and improving real-time decision-making. The increasing use of Artificial Intelligence (AI) and Machine Learning (ML) within IACS allows for predictive maintenance, anomaly detection, and optimization of industrial processes. Due to the heightened risk of cyber threats due to increased connectivity, the industry is placing a growing emphasis on cybersecurity measures to safeguard IACS from potential vulnerabilities.
Industrial Automation and Control Systems Market Analysis
Based on solution, the market is segmented into less than enterprise level, plant solution and plant level control system. The greater software segment is estimated to register a significant growth rate of over CAGR 7.5% over the forecast period of 2024-2032.
Based on vertical, the industrial automation and control systems market is segmented into aerospace & defense, automotive, chemical, energy & utilities, food & beverages, healthcare, manufacturing, mining & metal, oil & gas, transportation, others. The energy and utilities segment accounted for a market share of over 10% in 2023.
Asia Pacific dominated the global industrial automation and control systems market in 2023, accounting for a market share of over 35%. Asia Pacific region is a dynamic hub for industrial automation, propelled by the rapid growth of manufacturing sectors, especially in countries such as China, Japan, and South Korea. In Asia, there is a strong focus on leveraging the Industrial Internet of Things (IIoT) technologies for smart manufacturing and improving overall production efficiency. China's ambitious "Made in China 2025" initiative emphasizes the integration of automation and digital technologies into its industries. The adoption of Artificial Intelligence (AI) and Machine Learning (ML) is on the rise, particularly in Japan and South Korea. The region is witnessing substantial investments in industrial automation for sectors such as electronics, automotive, and robotics. Cybersecurity is gaining prominence as the region enhances connectivity, prompting governments and industries to collaborate on robust cybersecurity frameworks.
Industrial Automation and Control Systems Market Share
Major players operating in the industrial automation and control systems industry are:
Siemens AG hold a significant market share of over 10% in the used semi-truck market. Siemens AG plays a significant role in the Industrial Control and Automation Systems (ICAS) market, leveraging its expertise in industrial automation and digitalization. Siemens offers a comprehensive suite of products and solutions that cater to various industries, addressing the increasing demand for smart and efficient manufacturing processes.
Mitsubishi Electric Corporation and Emerson Electric Co are influential players in the ICAS market, providing a comprehensive suite of automation solutions to enhance the efficiency, reliability, and safety of industrial processes. Their offerings encompass a wide range of components, systems, and software designed to meet the diverse needs of industries worldwide.
Industrial Automation and Control Systems Industry News
The Industrial automation and control systems market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD million) from 2018 to 2032, for the following segments:
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Market, By Solution
Market, By Vertical
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
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Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
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Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →