Industrial Automation and Process Control Market Overview
The Industrial Automation and Process Control Market Size is expected to reach USD 315.62 Billion by 2033. The Industrial Automation and Process Control industry size accounted for USD 148.98 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 8.52% from 2023 to 2033. The Industrial Automation and Process Control Market involves the use of technology to automate and control industrial processes, enhancing efficiency, productivity, and safety. This market includes a range of solutions such as programmable logic controllers (PLCs), distributed control systems (DCS), supervisory control and data acquisition (SCADA) systems, and human-machine interfaces (HMIs). These systems are employed across various industries including manufacturing, oil and gas, chemicals, and automotive. The goal is to minimize human intervention, reduce operational costs, and improve precision and reliability in industrial operations.
Global Industrial Automation and Process Control Market Synopsis
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Industrial Automation and Process Control market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
Global Industrial Automation and Process Control Market Dynamics
The major factors that have impacted the growth of Industrial Automation and Process Control are as follows:
Drivers:
⮚     Technological Advancements
Innovations in automation technologies, such as the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and advanced robotics, have significantly enhanced the capabilities and applications of industrial automation systems. These technologies enable smarter, more adaptable, and efficient automation solutions.
Restraint:
- High Initial Investment
Implementing automation and process control systems requires significant upfront investment in hardware, software, and integration. This initial cost can be a barrier for smaller companies or industries operating on tight budgets.
Opportunity:
⮚     Rising Demand for Robotics and Automation
There is a growing demand for robotics and automation solutions across various industries, including manufacturing, logistics, and healthcare. Collaborative robots (cobots) and advanced automation technologies are increasingly being integrated into production processes to perform tasks alongside human workers, improving operational flexibility and scalability.
Industrial Automation and Process Control Market Segment Overview
By Solution
Based on the Solution, the market is segmented based on SCADA, PLC, DCS, Others. In the Industrial Automation and Process Control Market, PLCs (Programmable Logic Controllers) dominate the solution segment. PLCs are widely used for controlling manufacturing processes and machinery in various industries due to their reliability, flexibility, and ability to interface with different sensors and actuators effectively.
By Component
Based on the Component, the market has been divided into Industrial Robots, Machine Vision, Control Valves, Others. In the Industrial Automation and Process Control Market, Industrial Robots dominate the component segment. They are crucial for automating manufacturing processes across industries, offering precision, efficiency, and flexibility in tasks ranging from assembly to material handling and quality control.
By Industry
Based on Industry, the market has been divided into Process Industries, Discrete Industries. In the Industrial Automation and Process Control Market, Process Industries dominate. These include sectors such as oil and gas, chemicals, pharmaceuticals, food and beverages, and utilities, where continuous and batch processing methods are prevalent, requiring sophisticated control systems for optimal production and safety.
Global Industrial Automation and Process Control Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Industrial Automation and Process Control, followed by those in Asia-Pacific and Europe.
Industrial Automation and Process Control North America Market
North America dominates the Industrial Automation and Process Control market due to several factors. Due to the manufacturers’ superior production capabilities and effective trading procedures, North America leads the industrial automation industry. Because of the increasing level of competition and end-user demands, their business has become more efficient through the adoption of modern technology and digital transformation. The industrial automation market in this area is primarily driven by the United States.
Industrial Automation and Process Control Asia Pacific Market
The Asia-Pacific region has been witnessing remarkable growth in recent years. From 2023 to 2032, the Asia-Pacific Industrial Automation Market is anticipated to develop at the quickest compound annual growth rate (CAGR). This can be attributed to the existence of prominent industry participants, emerging enterprises in the area, and the growing need for enhanced industrial plant management systems. Furthermore, the Industrial Automation market in China commanded the most market share, while the Asia-Pacific region’s fastest-growing market was India.
Competitive Landscape
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Emerson, Mitsubishi, SIEMENS, ABB, and Schneider Electric are some of the leading players in the global Industrial Automation and Process Control Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- Emerson
- Mitsubishi
- SIEMENS
- ABB
- Schneider Electric
- Rockwell
- Yokogawa
- Honeywell
- FANUC
Key development:
February 2023- Capgemini and Schneider Electric have joined hands along with the support from Qualcomm to speed up 5G industrial automation. The end-to-end unique 5G Private Network solution created by the three businesses has the potential to revolutionize industrial automation systems thanks to cutting-edge virtual connection.
Scope of the Report
Global Industrial Automation and Process Control Market, by Solution
- SCADA
- PLC
- DCS
- Others
 Global Industrial Automation and Process Control Market, by Component
- Industrial Robots
- Machine Vision
- Control Valves
- Others
 Global Industrial Automation and Process Control Market, by Industry
- Process Industries
- Discrete Industries
 Global Industrial Automation and Process Control Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
Parameters | Indicators |
---|---|
Market Size | 2033: $315.62 Billion/strong> |
CAGR | 8.52% CAGR (2023-2033) |
Base year | 2022 |
Forecast Period | 2023-2033 |
Historical Data | 2021 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Key Segmentations | Solution, Component, Industry |
Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
Key Vendors | Emerson, Mitsubishi, SIEMENS, ABB, Schneider Electric, Rockwell, Yokogawa, Honeywell, FANUC, STRATASYS |
Key Market Opportunities | • Rising development in the IoT and technological advancement in engineering |
Key Market Drivers | • Rising government policies and growing emphasis on economic diversification |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Industrial Automation and Process Control Industry trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
- Historical market size for the year 2021, and forecast from 2023 to 2033
- Industrial Automation and Process Control market share analysis for each segment
- Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
- To identify and understand the various factors involved in the global Industrial Automation and Process Control market affected by the pandemic
- To provide year-on-year growth from 2022 to 2033
- To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
- Provide Total Addressable Market (TAM) for the Global Industrial Automation and Process Control Market.
Frequently Asked Questions (FAQ)
2. What are the 10 Years CAGR (2023 to 2033) of the global Industrial Automation and Process Control market?
- The global Industrial Automation and Process Control market is growing at a CAGR of ~52% over the next 10 years
3. Which region has the highest growth rate in the market of Industrial Automation and Process Control?
- Asia Pacific is expected to register the highest CAGR during 2023-2033
4. Which region accounted for the largest share of the market of Industrial Automation and Process Control?
- North America holds the largest share in 2022
5. Major Key Players in the Market of Industrial Automation and Process Control?
Emerson, Mitsubishi, SIEMENS, ABB, Schneider Electric, Rockwell, Yokogawa, Honeywell, FANUC, STRATASYS
6. Do you offer Post Sale Support?
- Yes, we offer 16 hours of analyst support to solve the queries
7. Do you deliver sections of a report?
Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives