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Industrial Automation and Control Systems Market Value – US$ 347.9 Bn By 2030

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The global industrial automation and control system market was estimated at US$ 145 billion in 2020 and is expected to hit US$ 347.9 billion by 2030, registering a CAGR of 9.2% from 2021 to 2030, as per reports by market research and consulting organisation Precedence Research.

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.

The report contains 150+ pages with detailed analysis. The report provides an in-depth analysis of the market size, share, emerging and current trends, future estimations, and key players.

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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

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.

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.

Competition Landscape

In the final section of the research report, Precedence Research provided the global industrial automation and control system market structure and a detailed competition landscape to provide a dashboard view of key players operating in the industrial automation and control system market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the industrial automation and control system market include:

  • 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

Market Segmentation

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

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global industrial automation and control system market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for industrial automation and control system are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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