Industrial Control & Factory Automation Market by Component (Field Instruments, Human-Machine Interface, Industrial 3D Printers), Solution (Distributed Control System, Industrial Safety, Manufacturing Execution System), End-Use Industry - Global Forecast

Industrial Control & Factory Automation Market by Component (Field Instruments, Human-Machine Interface, Industrial 3D Printers), Solution (Distributed Control System, Industrial Safety, Manufacturing Execution System), End-Use Industry - Global Forecast 2024-2030

The Industrial Control & Factory Automation Market size was estimated at USD 154.15 billion in 2023 and expected to reach USD 167.21 billion in 2024, at a CAGR 8.87% to reach USD 279.52 billion by 2030.

Global Industrial Control & Factory Automation Market Industrial control & factory automation involves incorporating automation and use of control systems from end-to-end manufacturing processes and leveraging technologies such as computers and robotic arms that can help increase output efficiency. Industrial control & factory automation greatly reduces human operators' risks while handling hazardous equipment. The growing adoption of Industry 4.0 is expanding the deployment of new technologies for automating traditional processes in factories. The surging demand for products manufactured from the end-use industries and the growing need for safety compliance automation solutions are accelerating factory automation activities worldwide. However, the high capital required to deploy automated technologies and the lack of awareness about advanced technologies in developing economies may adversely impact industrial control & factory automation activities. Moreover, the ongoing advancements in automation technologies and the emergence of cobots are expected to create lucrative opportunities for the industrial control & factory automation market growth.Regional InsightsThe industrial control & factory automation market is highly evolving in the Americas owing to the presence of well-established manufacturing industries and the growing adoption of breakthrough technologies by the sectors in the region. Increasing government support and adopting Industry 4.0 encourage industrial control & factory automation in the APAC region to enhance production capabilities. Supportive initiatives and programs for increasing local production of products to reduce reliance on imports are facilitating the growth of industrial control & factory automation in the APAC region. The presence of key manufacturing industries, including automobile, semiconductor, and oil & gas industries, and growing demand for their end products are expanding the growth of the industrial control & factory automation market in the EMEA region. In addition, the integration of cutting-edge technologies in manufacturing processes and the introduction of novel automated technologies are expected to create immense potential for the growth of the industrial control & factory automation market worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Control & Factory Automation Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Control & Factory Automation Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Control & Factory Automation Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., ABB Ltd., Ametek. Inc., Autodesk Inc., Canon Inc., Cimtec Automation, Codesys Group, Dassault Systemes SE, Delta Electronics, Inc., Emerson Electric Co., Endress+Hauser AG, Factory Automation Systems, Fanuc Corporation, Fuji Electric Co., Ltd., General Electric Company, Hitachi Ltd., Honeywell International Inc., Iris Factory Automation, Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Seiko Epson Corporation, Seimitsu Factory Automation Pvt. Ltd., SEW-Eurodrive GmbH & Co KG, Siemens AG, Texas Instruments Incorporated, UiPath, and Yokogawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Industrial Control & Factory Automation Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Field Instruments

Human-Machine Interface

Industrial 3D Printers

Industrial PC

Industrial Robots

Industrial Sensors

Machine Vision Systems

Process Analyzers

Vibration Monitoring

Solution
Distributed Control System

Industrial Safety

Manufacturing Execution System

Privileged Access Management

Programmable Logic Controllers

Supervisory Control & Data Acquisition

End-Use Industry
Discrete Industries
Aerospace & Defense

Automotive

Communication Equipment

Electronic Equipment

Medical Devices Manufacturing

Textile

Process Industries
Cosmetics

Food & Beverages

Foundry

Paints & Coatings

Pharmaceuticals

Speciality Chemicals

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Control & Factory Automation Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Control & Factory Automation Market?
3. What are the technology trends and regulatory frameworks in the Industrial Control & Factory Automation Market?
4. What is the market share of the leading vendors in the Industrial Control & Factory Automation Market?
5. Which modes and strategic moves are suitable for entering the Industrial Control & Factory Automation Market?

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