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Pulished Date April, 2021
ID: 8991
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Industrial and Factory Automation market segmented by Automation Solution (SCADA, DCS, Programmable Logic Controllers (PLC), Safety Instrumented System (SIS), Functional Safety), by End- Use Industry (Automotive Industry, Oil and Gas, Mining and Other Industries), by Components (Control Valves, Sensors, Industrial Robots, Machine Vision, Human Machine Interface (HMI)), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size (2021-2026)

Pulished: April, 2021
ID: 8991
Pages: 170

Industrial and Factory Automation Market Size, Trends & Growth (2021 - 2026)

Industrial automation is the use of control systems, like machines or robotics, and information technology for the management of various processes and equipment in manufacturing to replace human beings. This is the second step after mechanization in the area of industrialization. Such automation allows most industries to work with versatility and improved efficiency.

Industrial and Factory Automation Market Overview:

Global Industrial and Factory Automation Market is expected to reach 284.02 billion USD by 2026, which is a significant increase from 184.6 billion USD in 2021.

Recent Developments of Industrial and Factory Automation Market:

SAP and Endress+Hauser partnered in the design of the Industrial Internet of Things (IIoT) solutions for the manufacturing industry in June 2018. The aim is to incorporate Endress+Hauser field methods as virtual twins into the SAP web platform. All businesses want to take advantage of the products and smart devices provided by SAP's Leonardo platform as well as Endress+Hauser's IIoT product. The intention is to jointly incorporate master and sensor information as well as assessment values into consumer, distribution and manufacturing processes and to create new digital services that rely on quantitative maintenance and predictive performance.

Market Growth:

The Global Industrial and Factory Automation market is estimated at USD 184.6 billion in 2021 and is expected to expand at a CAGR of 9.0% to reach USD 284.02 billion by 2026.

Drivers and Restraints of the Industrial and Factory Automation Market:

Drivers:

  • The increasing complexity has enabled extensive adoption of the Industrial and Factory Automation across multiple industries, which is expected to be a key driver for the global market during the forecast period.
  • A balanced spending flow for product development, as well as research efforts in the Industrial and Factory Automation by many tech companies, has been a significant boost for the global Industrial and Factory Automation market.

Restraints:

  • The concern about loss of jobs of daily wagers is a significant restraint of this market.
  • The crowded market with constant innovations from crucial players can also be considered as a small restraint to the Industrial and Factory Automation market. 

Industrial and Factory Automation Market Segmentation:

By Automation Solution:

Based on the Automation Solution, the Global Industrial and Factory Automation market are segmented into SCADA, DCS, Programmable Logic Controllers (PLC), Safety Instrumented System (SIS), Functional Safety. Out of these, SCADA is both the largest and the fastest-growing segment that contributed around USD 37.7 billion in 2019. The division is expected to expand at CAGR of over 9.2% during the forecast period of 2019 - 2024 due to its applications in the Oil and Gas Industry. 

 By End-Use Industry: 

Based on the End-Use Industry, the Global Industrial and Factory Automation market are segmented into Automotive Industry, Oil and Gas, Mining and Other Industries. Of these, the Automotive Industry segment held the majority of the market share in 2019, with over 35%. Automotive manufacturing plants are incredibly repetitive and need a lot of labor and time to do them. Automation offers a reliable solution to this problem by the improvement of efficiency and reduction of daily wagers. 

Also, Oil and Gas and Mining is expected to be the fastest-growing segment, registering a CAGR of over 12.4% in the future because of the increasing need for automation in oil and gas. The environmental implications of oil and gas are huge. The automation in these fields helps the improvement of the sustainability of the process, acting as a significant driver to the oil and gas segment of Industrial and Factory Automation market.

Industrial and Factory Automation Region-wise analysis:

Based in region, Industrial and Factory Automation can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific (APAC)
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

Geographically, APAC contributed the largest portion of the industrial and factory automation market among all the regions in 2018, owing to the technological advancement and the growing acceptance of automation technology in various industries.

Key Players of Market:

The key players of Industrial and Factory Automation market include ABB Ltd., Siemens AG, Mitsubishi Corp, General Electric Co, Yokogawa Electric Corp, and Fanuc Corp. Some other key Players of Market include Emerson Electric Co., Omron Corp, Honeywell International Inc., Rockwell Automation, Schneider Electric SE. Many of these key players focused on technological innovations and aggressive expansion strategies for staying ahead of the competition.

RESEARCH METHODOLOGY:

The research of the Industrial and Factory Automation market takes place in two phases namely-

Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Global Industrial and Factory Automation Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of competitive environment.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemiology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Automation Solution                             

                              5.1.1 Introduction           

                              5.1.2 SCADA      

                              5.1.3 DCS           

                              5.1.4 Programmable Logic Controllers (PLC)         

                              5.1.5 Safety Instrumented System (SIS)  

                              5.1.6 Functional Safety  

                              5.1.7 Other Automation Solutions            

                              5.1.8 Y-o-Y Growth Analysis        

                              5.1.9 Market Attractiveness Analysis       

                              5.1.11 Market Share Analysis      

               5.2 By End-Use                

                              5.2.1 Introduction           

                              5.2.2 Automotive Industry           

                              5.2.3 Oil & Gas  

                              5.2.4 Mining      

                              5.2.5 Other Industries    

                              5.2.6 Y-o-Y Growth Analysis        

                              5.2.7 Market Attractiveness Analysis       

                              5.2.8 Market Share Analysis        

               5.3 By Components                       

                              5.3.1 Introduction           

                              5.3.2 Control Valves       

                              5.3.3 Sensors     

                              5.3.4 Industrial Robots  

                              5.3.5 Machine Vision     

                              5.3.6 Human Machine Interface

                              5.3.7 Other Components              

                              5.3.8 Y-o-Y Growth Analysis        

                              5.3.9 Market Attractiveness Analysis       

                              5.3.10 Market Share Analysis      

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Automation Solution

                                             6.1.3.3 By End-Use Industry

                                             6.1.3.4 By Components

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Automation Solution

                                             6.1.4.3 By End-Use Industry

                                             6.1.4.4 By Components

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Automation Solution

                                             6.1.5.3 By End-Use Industry

                                             6.1.5.4 By Components

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leader Analysis                                          

               8.1 ABB Ltd.                      

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Siemens AG               

               8.3 Mitsubishi Corp                       

               8.4 General Electric Co                 

               8.5 Yokogawa Electric Corp                        

               8.6  Fanuc Corp               

               8.7 Emerson Electric Co.                             

               8.8 Omron Corp              

               8.9 Honeywell International Inc.              

               8.10 Rockwell Automation                          

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, Collaborations, and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Product, by the system, by service and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial and Factory Automation Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial and Factory Automation Market By Automation Solution, From 2021-2026 ( USD Billion )
  3. Global SCADA Market By Region, From 2021-2026 ( USD Billion )
  4. Global DCS Market By Region, From 2021-2026 ( USD Billion )
  5. Global Programmable Logic Controllers (PLC) Market By Region, From 2021-2026 ( USD Billion )
  6. Global Safety Instrumented System (SIS) Market By Region, From 2021-2026 ( USD Billion )
  7. Global Functional Safety Market By Region, From 2021-2026 ( USD Billion )
  8. Global Industrial and Factory Automation Market By Components, From 2021-2026 ( USD Billion )
  9. Global Control Valves Market By Region, From 2021-2026 ( USD Billion )
  10. Global Sensors Market By Region, From 2021-2026 ( USD Billion )
  11. Global Industrial Robots Market By Region, From 2021-2026 ( USD Billion )
  12. Global Machine Vision Market By Region, From 2021-2026 ( USD Billion )
  13. Global HMI Market By Region, From 2021-2026 ( USD Billion )
  14. Global Industrial and Factory Automation Market By End-Use Industry, From 2021-2026 ( USD Billion )
  15. Global Automotive Industry Market By Region, From 2021-2026 ( USD Billion )
  16. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
  17. Global Mining Market By Region, From 2021-2026 ( USD Billion )
  18. Global Other Industries Market By Region, From 2021-2026 ( USD Billion )

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