According to Precedence Research, the global industrial automation and control system market size is forecasted to reach US$ 157.76 billion by 2030 from US$ 347.9 billion in 2021, by growing at a lucrative CAGR of 9.2% between 2021 and 2030.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
The industrial automation and control systems refers to a group of people, hardware, and software that can affect or influence the safe, secure, and dependable running of an industrial process. Industrial automation is the use of control systems, such as computers or robots, and information technology to replace humans in various processes and machineries in an industry. In the context of industrialization, it is the second step beyond mechanization.
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Crucial factors accountable for market growth are:
- Rapid shift of industries toward smart manufacturing.
- Investments in smart factory automation
- Increasing government spending on the automation system
- The innovation and technological advancement
- The increasing R&D expenditure of the market leaders
Market Dynamics
Driver
Because of significant technological breakthroughs in robotics, the industrial sector has seen an increase in the incorporation of robotics engineering and technology into its production processes. Industrial robots are versatile manipulator machines that are autonomously controlled and reprogrammable. Welding, painting, ironing, assembling, pick and place, palletizing, product inspection, and testing are common uses for industrial robots, all of which are achieved with high endurance, speed, and precision. Industrial robots perform repeatable operations, reducing the need for human labor.
Furthermore, the Internet of Things (IoT) is a dominant trend, with industrial and consumer products being connected via the internet. According to the World Bank, the number of IoT-connected devices increased to 20.35 billion in 2017, up from 15.41 billion in 2015, and is predicted to reach 51.11 billion by 2023. HMIs are becoming more sophisticated in order to operate the growing number of connected devices. Furthermore, the emergence of Industry 4.0 and the Industrial Internet of Things (IIoT) has made this more accessible, since it has become easier to convert smartphones into a type of mobile HMI, and technologies like as smartwatches have made HMI wearable, boosting accessibility and convenience of use.
Restraint – Large investments
Automation necessitates significant capital expenditure because it entails the installation of hardware such as dexterous robots, sensory perception devices, and mobility wheels. This results in exorbitant start-up costs. However, as costs fall over time, automation becomes increasingly competitive with human labor.
Replacing human workers may not necessarily result in a reduction in an organization’s operational expenditures. A single collaborative robot system can range in price from USD 3,000 to $100,000. An industrial robotic system is significantly more expensive, with prices ranging from USD 15,000 to USD 150,000. The cost of industrial robots, combined with integration and peripheral costs, such as end effectors and vision systems, makes automation an expensive investment for SMEs, particularly those involved in low-volume production.
Opportunities – The increasing government investments and initiatives
The government is aiming for an investment of 12 billion USD 362 million in the first year, expanding toUSD 6 billion Baht over the next five years in Thailand. The development plan also aims to reduce the import of robotics and automation systems by USD 3.97 billion on an annual basis.Companies like Cairn, an Indian oil and gas plant has shown that through automation and digitization, they were able to keep up their production of 1.6 lakh barrels of oil every day, as against 1.8 lakh barrels with less than 1/3rd of their workforce due to the quarantine measures. These investments and initiatives taken by the government companies will lead to the spur the market growth of industrial automation and control system.
Indonesia issued two stimulus packages in response to the COVID-19 outbreak. The first bundle, worth $725 million, was introduced in February 2020, while the second package, worth $8 billion, was released in March 2020. The second stimulus package was introduced to protect the economy and small and medium-sized firms (SMEs), notably those in the manufacturing sector. To mitigate the negative impact of COVID-19 on businesses, the Singapore government will not raise the goods and services tax (GST), which will stay at 7%.
Challenges – Skilled Manpower
The occupations will be mechanized are directly determined by the demand and supply of skilled and unskilled labor. Countries with higher wages, such as those in the service sector, may use automation earlier than countries with lower wages. India, being a growing country, continues to face a shortage of trained labor in the automation sector.
Report Highlights
- Based on the component, the control valve segment is the most dominating in the industrial automation and control system market due to rapid growth in the technologies and it is expected to continue in the forecast period.
- The DCS is the major contributor in the industrial automation and control system market due to its advantages in the automation and control system.
- The manufacturing industry held the largest share in the industrial automation and control system market. Manufacturing industry trends are in the spotlight as the industry undergoes its most significant transformation in recent years.
Regional Snapshots
The Asia Pacific is the most dominating in the industrial automation and control system market followed by North America and Europe. Asia Pacific is the market leader in industrial automation and control systems, followed by North America and Europe. According to CGTN, China’s industrial robot output increased by 29.2 percent year on year in June to 20,761 units, reaching a peak in the first half of 2020. According to National Bureau of Statistics data, the country manufactured 93,794 units of industrial robots over the past six months, up 10.3 percent from the same period last year, with growth accelerating from 16.9 percent in May.
The industrial sector in the United States continues to spend heavily in robots and automation. The United States’ automotive sector has the second highest robot density in the world, trailing only Japan. The industrial boom in North America continues unabated; assuming the global economy remains solid, robot shipments to Canada, Mexico, and the United States are expected to expand at a 5 to 10% yearly rate. Because of the high demand for industrial robots, the industrial automation and control system market will expand at a rapid pace.
Some of the prominent players in the global industrial automation and control system market are listed as below:
- ABB
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Honeywell International, Inc.
- Kawasaki Heavy Industries, Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Yokogawa Electric Corporation
- General Electric
Segments Covered in the Report
By Component
- HMI
- Industrial Robots
- Control Valves
- Sensors
- Others
By Control System
- DCS
- PLC
- SCADA
- Others
By Vertical
- Aerospace & Défense
- Automotive
- Chemical
- Energy & Utilities
- Food & Beverage
- Healthcare
- Manufacturing
- Mining & Metal
- Oil & Gas
- Transportation
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Industrial Automation and Control Systems Market
5.1. COVID-19 Landscape: Industrial Automation and Control Systems Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Industrial Automation and Control Systems Market, By Component
8.1. Industrial Automation and Control Systems Market, by Component Type, 2021-2030
8.1.1. HMI
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Industrial Robots
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Control Valves
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Sensors
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Industrial Automation and Control Systems Market, By Control System
9.1. Industrial Automation and Control Systems Market, by Control System, 2021-2030
9.1.1. DCS
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. PLC
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. SCADA
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Industrial Automation and Control Systems Market, By Vertical
10.1. Industrial Automation and Control Systems Market, by Vertical , 2021-2030
10.1.1. Aerospace & Défense
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Automotive
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Chemical
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Energy & Utilities
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. Food & Beverage
10.1.5.1. Market Revenue and Forecast (2019-2030)
10.1.6. Healthcare
10.1.6.1. Market Revenue and Forecast (2019-2030)
10.1.7. Manufacturing
10.1.7.1. Market Revenue and Forecast (2019-2030)
10.1.8. Mining & Metal
10.1.8.1. Market Revenue and Forecast (2019-2030)
10.1.9. Oil & Gas
10.1.9.1. Market Revenue and Forecast (2019-2030)
10.1.10. Transportation
10.1.10.1. Market Revenue and Forecast (2019-2030)
10.1.11. Others
10.1.11.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Industrial Automation and Control Systems Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.2. Market Revenue and Forecast, by Control System (2019-2030)
11.1.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Control System (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Control System (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.2. Market Revenue and Forecast, by Control System (2019-2030)
11.2.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Control System (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Control System (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Control System (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Control System (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.2. Market Revenue and Forecast, by Control System (2019-2030)
11.3.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Control System (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Control System (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Control System (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Control System (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.2. Market Revenue and Forecast, by Control System (2019-2030)
11.4.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Control System (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Control System (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Control System (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Control System (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.2. Market Revenue and Forecast, by Control System (2019-2030)
11.5.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Control System (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Vertical (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Control System (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Vertical (2019-2030)
Chapter 12. Company Profiles
12.1. ABB
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Emerson Electric Co.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Rockwell Automation, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Schneider Electric
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Honeywell International, Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Kawasaki Heavy Industries, Ltd.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Mitsubishi Electric Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. OMRON Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Yokogawa Electric Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. General Electric
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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