Global Industrial Automation And Control Systems Market Segments 2024, Forecast To 2033
5 Mar, 2024
The industrial automation and control systems market has experienced rapid growth, increasing from $194.38 billion in 2023 to $215.78 billion in 2024, with an 11.0% CAGR. Historic growth is attributed to cost reduction, efficiency demand, regulatory compliance, supply chain globalization, and PLCs (Programmable Logic Controllers) rise. The market is expected to see rapid growth, reaching $334.49 billion in 2028, with an 11.6% CAGR. Forecasted growth is driven by industry 4.0 and IoT integration, flexibility and customization demand, cybersecurity concerns, energy efficiency requirements, and robotics integration. Major trends in 2028 include digital transformation, cybersecurity, edge computing, cloud integration, collaborative robots, and digital twins for virtual modeling.
Global Industrial Automation And Control Systems Market Key Driver
The industrial automation and control systems market is expanding due to the increasing adoption of automation. A 67% increase in robot orders in Q2 2021 indicates a return to pre-COVID-19 demand. Automation enhances precision and efficiency in factory operations, driving the growth of industrial automation and control systems.
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The industrial automation and control systems market covered in this report is segmented –
1) By Component: HMI (Human-Machine Interface), Industrial Robots, Control Valves, Sensors, Other Component
2) By Control System: DCS (Distributed Control System), PLC (Programmable Logic Controller), SCADA (Supervisory Control And Data Acquisition)
3) By End-User Industry: Aerospace and Defense, Automotive, Chemical, Energy and Utilities, Food and Beverage, Healthcare, Manufacturing, Mining and Metal, Oil and Gas, Transportation
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the industrial automation and control systems market in 2023 and is expected to be the fastest-growing region in the industrial automation and control systems market during the forecast period. The regions covered in the industrial automation and control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Industrial Automation And Control Systems Industry Players
ABB Ltd.; Emerson Electric Co.; Honeywell International Inc.; Kawasaki Heavy Industries Ltd.; Mitsubishi Electric Corporation; Omron Corporation; Rockwell Automation Inc.; Schneider Electric SE; Siemens AG; Yokogawa Electric Corporation; Texas Instruments Inc.; Robert Bosch GmbH; Fortive; Ametek EIG; Phoenix Contact GmbH & Co. KG; General Electric Company; Johnson Controls International plc; Fanuc Corporation; Advantech Co. Ltd.; Bosch Rexroth AG; Beckhoff Automation GmbH & Co. KG; Eaton Corporation plc; National Instruments Corporation; Keyence Corporation; Delta Electronics Inc.; Pilz GmbH & Co. KG; Danaher Corporation; Endress+Hauser Group; Pepperl+Fuchs AG; WAGO Kontakttechnik GmbH & Co. KG
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AIOps Industrial Automation And Control Systems Market Overview
Industrial automation and control systems refer to the use of autonomous systems to control machinery and processes in numerous industries through the use of technology such as robots and computer software. It improves productivity, quality, and system performance, that lowers operational expenses.
Industrial Automation And Control Systems Global Market Report 2023 provides data on the global industrial automation and control systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial automation and control systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.