Industrial Automation and Control Systems Market Size By Component (HMI, Industrial Robots, Control Valves), By Control System (DCS, PLC, SCADA, MES), By Vertical & Global Forecast, 2023 - 2032

Industrial Automation and Control Systems Market size valued at USD 150 billion in 2022 and is expected to grow at a CAGR of over 10% from 2023 to 2030. The industrial sector is rapidly evolving owing to the continual introduction of advanced technologies including Artificial Intelligence (AI), robotics, and IoT. With the growing adoption of process automation across multiple industries including automotive, chemicals, and energy utilities. The reliability & effectiveness of automation systems is facilitating companies in reducing labor & operational costs as well as minimizing human errors. The major companies operating in the market are accelerating the industrial automation and control systems market growth by developing advanced robots & solutions. For instance, in September 2021, ABB, Ltd. launched IRB 920T, thereby expanding its range of SCARA robots. It is developed to meet the needs of the electronics industry for high-speed production in increasingly complicated manufacturing processes.
 

Governments all over the world are assisting in the growth of industries to ensure the comprehensive development of their nations. Governments are collaborating to accelerate the complete automation of the manufacturing process and other operations in an industry. For instance, in September 2021, Building and Construction Authority (BCA) and the Infocomm Media Development Authority (IMDA) initiated a joint project to eliminate the issue of workforce shortage in the construction sector. Under this project, construction companies will receive up to 80% financing to adopt automation solutions and autonomous robots. Moreover, the Government of Singapore has partnered with a number of associations including the Food Innovation Resource Centre and the Singapore Food Manufacturing Association (SFMA) to implement automation solutions, such as PLC, SCADA, DCS, robots, and cables, in the food & beverages industry.
 

High implementation cost and the growing initial capital investments associated with installations will restrain the industrial automation and control systems market growth. They also need more maintenance than manually controlled machines and comprise a lower degree of flexibility as compared to a manual system; these limitations are set to curb the market demand.
 

The lack of trained expertise acts as a barrier to the adoption of automation in various industries. Only skilled professionals can manage industrial automation systems & devices as the manufacturing process becomes complex and can be misunderstood by unskilled persons, thereby leading to faults & errors. Other factors including technical difficulties, the limited availability of appropriate content, human resources, and usability issues can hinder the operation of industrial automation devices. It also acts as a challenge to the industrial automation and control systems market revenue.
 

With the advent of Industry 4.0, the industrial sector is witnessing rapid adoption of automation & control systems, this providing significant opportunities for the industrial automation and control systems market size. Industries are increasingly adopting smart manufacturing as they require high precision rates as well as low error rates. The deployment of machines including robotic arms integrated with sensors has escalated the demand for Industrial Automation & Control Systems (IACS). Moreover, the growing demand for standardization among various devices and equipment requires more precision & optimized techniques.
 

Based on vertical, the industrial automation and control systems market from healthcare segment is predicted to witness remarkable growth through 2032, due to the increase in investments and the growing need for advanced digital solutions. The healthcare industry is implementing Robotic Process Automation (RPA) and control systems for repetitive & rule-based processes to lessen the time to complete tasks, improve patient experience, streamline operations, and lower costs. The robots employed for automation can perform tasks such as data entry, data storage, billing & processing, appointment management, and system calibration. Moreover, healthcare automation can improve results and reduce system errors caused by inefficient operations and manual processing. Automation helps healthcare workers and hospitals to track patient records and share them across multiple systems along with analyzing the key checkpoints to reach a better conclusion. This has also facilitated doctors to conduct surgeries remotely or with minimum human interference for added safety & precision.
 

Based on component, the industrial automation and control systems market from industrial robot segment will gain remarkable momentum during the forecast timeline, owing to the ongoing trend of autonomous processes in factories & industries using autonomous robots. Manufacturing companies are extensively using industrial robots for the optimization of operations that require speed, strength, and accuracy while maintaining a continuous workflow throughout the manufacturing process. Industrial robots are easier to operate than specialized equipment and can work more swiftly & accurately than people. Robotic arms can perform several operations such as windshield installation, wheel mounting, and screw driving in auto manufacturing facilities. They boost productivity & efficiency while reducing the dangers for human workers and the expenses including labor cost and energy consumption costs.
 

Asia Pacific industrial automation and control systems market will rise substantially over forecast period, attributed to the presence of key market players and emerging companies in the region. Moreover, the adoption of industrial automation solutions is significantly boosted by investments in IIoT & government initiatives, which support the digitization of manufacturing facilities in these nations. For instance, the Government of India is taking initiatives to accelerate the adoption of Industry 4.0 through the National Manufacturing policy and SAMARTH Udyog Bharat 4.0, positively influencing the nation’s adoption of factory automation. With considerable investments in India's manufacturing sector, the demand for factory automation solutions is expected to increase.
 

Some of the prominent players in the industrial automation and control systems market are ABB Group, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation. The major companies in the market are investing significant capital in joint ventures, partnerships, collaborations, as well as the research & development of modern technologies.
 

The industrial automation and control systems market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Component

• Human Machine Interface
• Industrial Robots
• Control Valves
• Industrial Sensors

Market, By Control System

• DCS
• PLC
• SCADA
• MES

Market, By Vertical

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

The above information has been provided for the following regions and countries:

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

What Information does this report contain?