Industrial Automation and Control Systems Market – By Solution (Enterprise level, Plant solution, Plant level control system), By Vertical & Forecast, 2024 – 2032

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.
 

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 (SMEs), 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.
 

• The adoption of Industry 4.0 principles drives the integration of digital technologies like IoT (Internet of Things), AI (Artificial Intelligence), machine learning, and cloud computing into industrial processes. Companies seek to optimize operations, enhance productivity, and enable data-driven decision-making through interconnected systems.
   
• Industrial automation systems promise increased operational efficiency, reduced downtime, and optimized resource utilization. Enterprises invest in automation to streamline processes, minimize waste, and lower production costs. The need for real-time data monitoring and control across industrial operations drives the adoption of advanced control systems. This enables better decision-making, predictive maintenance, and agile responses to changing conditions.
   
• Enterprises aim to deploy scalable solutions that can adapt to changing production demands and varying market needs. Flexible automation and control systems enable quick reconfiguration and adjustment in production lines. With the increasing adoption of remote work and the need for decentralized operations, there's a growing emphasis on systems that allow remote monitoring, diagnostics, and maintenance of industrial equipment and processes.
   

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.
 

• The energy and utilities sectors experience significant growth in automation and control systems due to a shift towards smart grid technologies, renewable energy integration, and enhanced energy efficiency measures. Smart grid adoption necessitates sophisticated control systems for efficient energy distribution and management.  The focus on predictive maintenance for critical infrastructure drives the implementation of advanced control systems. Additionally, the need for secure and resilient control systems to manage complex energy networks further fuels this growth.
   
• The renewable energy sector is growing rapidly and has a strong outlook for advanced power cable demand for the next five years. Electricity produced by two of the fastest growing renewable energy sources including solar Photovoltaic (PV) and wind is increasingly leveraging specialty power cables to enable the efficient transmission of power across long distances.
   
• The companies operating in the power & control cable market are increasingly securing contracts for the delivery and installation of power cables across diverse regional markets.
   

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:

• ABB Ltd
• Emerson Electric Co
• General Electric
• Honeywell International, Inc.
• Kawasaki Heavy Industries, Ltd
• Mitsubishi Electric Corporation
• OMRON Corporation
• Robert Bosch GmbH
• Rockwell Automation Inc.
• Schnieder Electric
• Yokogawa Electric Corporation

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

• In July 2023, ABB launched ABB Ability Symphony Plus DCS to support digital transformation for power generation and water industries. The new Symphony Plus offers customers access to digital solutions, such as fleet asset management enabled by ABB Ability Genix Asset Performance Management.
   
• In October 2022, LANXESS selected Emerson for advanced automation technology. By upgrading its control and safety systems, and digitally transforming its production facilities, LANXESS aims to optimize operational performance and support sustainability targets.

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

• Enterprise level
• Plant solution
• Human Machine Interface
• Industrial Robots
• Control Valves
• Industrial Sensors
• Others 
• Plant level control system
• DCS
• PLC
• SCADA
• Others

Market, By Vertical

• Aerospace & Defense
• Automotive
• Chemical
• Energy & Utilities
• Food & Beverages
• Healthcare
• Manufacturing
• Mining & Metal
• Oil & Gas
• Transportation
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA