GVR Report cover Industrial Automation And Control Systems Market Size, Share & Trends Report

Industrial Automation And Control Systems Market Size, Share & Trends Analysis Report By Component Type (Industrial Robots, Control Valves), By Control System (DCS, PLC, SCADA), By Vertical, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-4-68038-130-6
  • Number of Pages: 148
  • Format: Electronic (PDF)

Report Overview

The global industrial automation and control systems market size was valued at USD 158.63 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 10.3% from 2022 to 2030. The industrial sector has been evolving rapidly with the continual introduction of sophisticated technologies such as robotics, artificial intelligence, and more. In addition, automation enables swift operations of manufacturing and material handling with the use of intelligent manufacturing infrastructure. Industries are deploying industrial automation and control systems in an attempt to increase productivity and reduce labor costs. Additionally, with the advent of Industry 4.0, the manufacturing sector has been experiencing rapid adoption of new systems and augmented networking architectures.

U.S. industrial automation and control systems market, by component type, 2020 - 2030 (USD Billion)

The automation systems range from small independent units to numerous interlinked large-scale work cells spread across the factory floor. Every system is designed for a particular task, resulting in cost reduction, improved quality, improved operator safety, and enhanced production. Technologies including analytics, cloud, and mobility, are aiding organizations to attain their targets efficiently. Additionally, penetration of the Internet of Things (IoT) in factory automation is driving the growth for smart manufacturing to embrace and adopt the advantages of internet connectivity.

Furthermore, factory automation is determined by technology growth, increasing economic and infrastructure opportunities, and rising demand for operational efficiency. This system is expected to enhance countries and companies by introducing a new phase of economic growth. It is expected to significantly impact a wide range of businesses, shareholders, business models, and favorable government regulations to promote the adoption across industries worldwide. The automation sector is expected to witness a surge over the years owing to the growing awareness pertaining to the usage of cloud computing platforms and technological progressions in semiconductors and electronic devices.

The COVID-19 pandemic resulted in firm reliance on automation among important end-user businesses, reducing operational and other long-term economic impacts. As workforces were unable to work due to government-issued lockdowns, manufacturers had to adapt automated processes to avoid foreclosures. Market participants from around the world began automation in their processes up to some extent on their own or in way of partnerships. For instance, in March 2020, Epson Robots announced a partnership with Air Automation Engineering (AEE) to provide technical support in the Midwest of the U.S.

Moreover, the upsurge in investment and ongoing development in the manufacturing sector is anticipated to propel the growth of the market incumbents. Industries, including automotive, aerospace, and heavy engineering, are increasingly digitalizing and transforming their manufacturing process. Incorporating IIoT at manufacturing plants plays a vital role in connecting systems and devices with a network. Technologies, including AI, machine learning, cloud computing, etc., are aiding new automation developments.

Component Type Insights

The industrial robots component type segment is expected to dominate the market and advance at the highest CAGR of over 12% from 2022 to 2030. This growth is a result of manufacturing companies’ extensive use of industrial robots and state-of-the-art machinery to optimize operations that require speed, strength, and accuracy. Industrial automation through robots reduces raw material waste, labor requirements, and energy usage. Additionally, industrial robots ensure a smooth and continuous workflow in the manufacturing process.

Global industrial automation and control system market share, by component type, 2021 (%)

The sensors component type segment recorded the largest revenue of over USD 35 billion in 2021 owing to its use and need in automation and control system functioning and processes. Sensors are small in size and offer instant and accurate data and readings which are vital in automation processes. The different type of sensors includes temperature sensors, humidity sensors, torque sensors, and more. These sensors assist industrial automation robots or make the manufacturing process and operation intelligent and, thus, automatic with attention to precision and consistency, and more.

Control System Insights

The distributed control systems (DCS) control system segment is expected to dominate the market and accounted for the largest revenue share of 10.6% from 2022 to 2030 as a result of the fast pace of adoption of IIOT preference of industrialists to deploy automated control systems drives the market growth for a DCS. Also, an increase in the amount of power generation catalysis the market demand for DCS. The system is used to control boiler coal firing, boiler side valves, and fans, among other components of power generation processes. Additionally, the advent of 5G and its adoption in the power generation sector is expected to lead to the integration of IoT and DCS using 5G technology for better output efficiency. 

The Supervisory Control and Data Acquisition (SCADA) segment is anticipated to expand at the highest CAGR of over 10% owing to the increase in adoption of industry 4.0. The growth in demand of manufacturers for smart and digitized production processes for increasing production efficiency is also expected to drive the segment’s growth. The segment is widely popular as it can be applied to almost any industrial process. The SCADA control system is used across various industry verticals such as aerospace & defense, automotive, chemical, energy & utilities, manufacturing, and healthcare, among others due to its ability to gather real-time data and feed it instantly to the controller systems.

Vertical Insights

The healthcare vertical segment is expected to dominate the market and accounted for the largest revenue share of 11% over the forecast period from 2022 to 2030 owing to the provide consultation and services in order to treat patients’ health issues such as rehabilitative, curative, palliative, and curative. Automation and control can improve operational costs, supply chain errors, and improve customer center, which altogether accounts for better care and treatment of patients. Automation has also enabled doctors to conduct surgeries remotely or with minimal human interference for added precision and safety.

The manufacturing vertical segment recorded the largest revenue in 2021 owing to the budding trend of autonomous processes in factories and industries using automated processes and systems. The segment is anticipated to grow at a CAGR of over 10% over the forecast period from 2022 to 2030. Manufacturers are able to reduce process time and error rates in factory processes with automated systems. These systems are software or technology operated which allow little to no human intervention requirements. 

Regional Insights

Asia Pacific region dominated the industrial automation and control systems market and accounted for the largest revenue share of 36.6% in 2021. This strong growth is attributed to the presence of key market players and emerging companies. Besides, the increasing demand for better solutions to manage industrial plants in China and India is propelling market growth in this region. The integration of conventional production facilities into smart factories is a typical trend, and it assists in the general acceptance of industrial automation.

Industrial Automation And Control Systems Market Trends by Region

Europe accounted for over 15% of the market share in 2021 and is expected to expand at a CAGR of around 7% from 2022 to 2030. This significant growth is attributed to the manufacturing units in the region being driven to implement the latest technological advances and digital transformation abilities to make their business processes as effective as possible due to a rapid increase in competition and increasing end-user requirements. For instance, field devices such as motors and sensors, and others, enable the car industry to respond faster to market demands, decrease manufacturing downtimes, improve supply chain efficiency, and grow productivity. Industrial automation is also being adopted in many regional sectors such as automotive, healthcare, manufacturing, and more in the region, with significant companies placing industrial automation products on the market.

Key Companies & Market Share Insights

The competitive landscape highlights the industry dynamics reshaping the global market. Incumbent companies and new entrants anticipate organic and inorganic growth strategies, such as product launches, mergers & acquisitions, technological advancements, and geographical expansion, to remain pronounced in the forecast period. For instance, in April 2021, Accenture plc completed the acquisition of Pollux, an industrial automation solution provider. This acquisition is in line with Accenture plc’s aim to leverage Pollux’s experience and expertise in automation and robotics solutions.

Key companies are investing significant capital in joint ventures, and research and development in modern technologies. For instance, in March 2021, Suez, an American water-service company, and Schneider Electric announced the development of a joint venture to deliver innovative digital solutions for water cycle management. The joint venture is expected to combine SUEZ's technical expertise in the water business with EcoStruxure. Moreover, market players are expanding the capabilities of automation control systems to support their use in industries, such as transportation, mining and metal, and aerospace and defense. Some of the key players in the industrial automation and control systems market include:

  • ABB Ltd.

  • Emerson Electric Co.

  • Honeywell International, Inc.

  • Kawasaki Heavy Industries, Ltd.

  • Mitsubishi Electric Corporation

  • OMRON Corporation

  • Rockwell Automation, Inc.

  • Schneider Electric

  • Siemens AG

  • Yokogawa Electric Corporation

Industrial Automation And Control Systems Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 172.26 billion

Revenue forecast in 2030

USD 377.25 billion

Growth rate

CAGR of 10.3% from 2022 to 2030

Base year for estimation

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Component type, control systems, vertical, region

Regional scope

North America; Europe; Asia Pacific; Latin Americ; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; Mexico

Key companies profiled

ABB Ltd.; Emerson Electric Co.; Honeywell International, Inc.; Kawasaki Heavy Industries, Ltd.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; Schneider Electric; Siemens AG; Yokogawa Electric Corporation

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Industrial Automation And Control Systems Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and analyzes the latest market trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial automation and control systems market report based on component type, control systems, vertical, and region:

Global Industrial Automation And Control Systems Market Segmentation

  • Component Type Outlook (Revenue, USD Billion, 2018 - 2030)

    • HMI

    • Industrial Robots

    • Control Valves

    • Sensors

    • Others 

  • Control System Outlook (Revenue, USD Billion, 2018 - 2030)

    • DCS

    • PLC

    • SCADA

    • Others

  • Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

    • Aerospace & Defense

    • Automotive

    • Chemical

    • Energy & Utilities

    • Food & Beverage

    • Healthcare

    • Manufacturing

    • Mining & Metal

    • Oil & Gas

    • Transportation

    • Others

  • Regional Outlook (Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America
      • Brazil

      • Mexico

    • Middle East & Africa

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