The global industrial automation market size is expected to hit around US$ 440 bn by the end of 2027 with CAGR of 7.56% during the forecast period 2020 to 2027.
The global industrial automation market exhibits a highly cutthroat competition mainly due to the presence of innumerable players, observes Transparency Market Research based on a newly published report. The fragmented nature of this market’s vendor landscape depicts most players integrating their products with advanced technologies. With an increasing demand for industrial-grade products occurring in almost every sector, a high requirement for automation that can help mass produce commodities is being felt all over the globe. This has caused a spike in the number of players entering the industrial automation market, which is certainly expected to increase the competitive intensity during the upcoming years.
Developing products that deliver functional transformation and commercial excellence is expected to be a key strategy adopted by most players working in the global industrial automation market to stay ahead in the competition. Key players working in this market are: Toshiba Machine Corporation Ltd., Rockwell Automation, Inc., FANUC Corporation, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Emerson Electric Company, BB Ltd., Honeywell International Inc Mitsubishi Electric Corporation, Voith GmbH, and General Electric Company, among several others.
Demand for Fast Production Capacity Creates Need for Rampant Industrial Automation
A rapidly increasing demand for fast production capacities is primarily driving the global industrial automation market. Such a high demand mainly exists in terms of automotive assemblies, telecom networks, aircrafts, heat treating boilers and ovens, chemical plant machinery, steering and ship stabilization, and other machinery systems. Moreover, several companies are pouring large sums of money to facilitate research and developmental processes regarding industrial automation. This too has been responsible for propelling growth in the global industrial automation market.
Various industrial segments are adopting automation systems to reduce labor burden, consequently making the market grow at a respectable pace. Automation also brings into picture the implementation of various innovative solutions, compared to manual processes. All these factors are certainly expected to fuel the global industrial automation market, and make it thrive spectacularly and better than current times during the forthcoming years.
Lack of Awareness Regarding Automation Benefits Stunts Growth
However, steep costs required to set up systems for machinery production, as well as expensive research and development activities undertaken for the same is greatly hampering the global industrial automation market’s growth. High installation and maintenance expenses are discouraging small-scale plants and industries to avoid automation completely. Moreover, lack of awareness regarding benefits of automation in several regions too is posing as an obstacle to the market in several developing and emerging economies. Nevertheless, several end user segments such as pharmaceuticals, water management, chemicals, electronics, and food and beverages, are witnessing a rampant need for automation. This is certainly expected to soon reduce the effects of restraints affecting the global industrial automation market.
Rising Adoption of Technologies Will Aid Growth
The increasing adoption of technologies such as artificial intelligence (AI) based smart robots, IoT, industrial 4.0 and others will contribute to the Industrial Automation Market trends during the forecast period. The demand for technologies owing to its low manufacturing cost and enhanced quality and reliability will clearly have a positive impact on the market. The rising acquisitions and mergers by key players will create new growth opportunities for the Industrial Automation Market. For instance, Siemens AG acquired mendix, a low-code application developer company. This acquisition was completed to strengthen its digital enterprise business segment. Moreover, the collaboration between Rockwell Automation and Plug and Play will aid the Industrial Automation Market growth during the forecast period. For instance, Rockwell Automation collaborated with Plug and Play, an innovation platform. This collaboration helps Rockwell Automation to find new opportunities to leverage disruptive industrial IoT technologies.
Increasing Demand for Robots Will Favor Growth
The increasing demand for AI-based industrial robots in various applications such as part transfer, pick and place, packaging, semiconductor manufacturing and others will stimulate growth of the market. For instance, robots are used for self-optimization of the production lines and customized product solutions in the discrete automation industry. Furthermore, the collaboration of Schneider Electric with Stäubli Robotics will accelerate growth of the Industrial Automation Market. For instance, in April 2018, Schneider Electric, France based company, collaborated with Stäubli Robotics to integrate robotics solutions into EcoStruxure smart machines by combining products and software into complete automated solutions. In addition, the partnership of Siemens AG with Alibaba Cloud will encourage growth of the market. For instance, Siemens AG partnered with Alibaba Cloud to develop the Industrial Internet of Things (IIoT) solutions in China.
Overview
The report analyzes and forecasts the industrial automation market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global industrial automation market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the industrial automation market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of industrial automation market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Key Players Mentioned in this Report are:
Key players profiled in this report are ABB Ltd., Honeywell International Inc., FANUC Corporation, Yaskawa Electric Corporation, Toshiba Machine Corporation Ltd., Yokogawa Electric Corporation, Emerson Electric Company, General Electric Company, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Voith GmbH.
Segmentation:
Global Industrial Automation Market: By Automation Type
Global Industrial Automation Market: By Industry
Global Industrial Automation Market: By Geography
The study objectives of this report are:
CHAPTER 1 Preface
1.1 Market Report Scope
1.2 Market Research Highlights
CHAPTER 2 Assumption and Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Models
CHAPTER 3 Executive Summary
3.1 Global Industrial Automation Market Snapshot
3.2 Global Industrial Automation Market Share, By Region 2015 & 2024
CHAPTER 4 Industrial Automation Market: Overview
4.1 Product Overview
4.2 Key Trend Analysis
CHAPTER 5 Industrial Automation Market: Dynamics
5.1 Drivers and Restraints: Snapshot Analysis
5.2 Market Drivers
5.2.1 Growing interest in international competitive shooting
5.2.2 Increasing use in entertainment gaming
5.2.3 Health benefits of shooting sports and enhancement of physicaldiscipline to raise demand for global events
5.3 Market Restraints
5.3.1 High procurement costs
5.3.1 Stringent game hunting regulations
5.4 Market Opportunity Analysis
5.4.1 Increasing number of global sporting events
5.5 Opportunity
5.4.1 Market Value Share By Automation Type (2015)
5.4.2 Market Value Share By Industries (2015)
5.4.3 Market Value Share By Region (2015)
5.4.4 Porter’s Five Forces Analysis
CHAPTER 6 Global Industrial Automation Market: By Automation Type
6.1 Introduction
6.2 Key Findings
6.3 Key Trends
6.4 Global Industrial Automation Market Value Share Analysis,By Automation Type
6.5 Global Industrial Automation Market Forecast By Automation Type
6.6 Global Industrial Automation Market Analysis By Automation Type
6.7 Global Industrial Automation Market Attractiveness Analysis By Automation Type
CHAPTER 7 Global Industrial Automation Market: By Industries
7.1 Introduction
7.2 Key Findings
7.3 Key Trends
7.4 Global Industrial Automation Market Value Share Analysis, By Industries
7.5 Global Industrial Automation Market Forecast By Industries
7.6 Global Industrial Automation Market Analysis By Industries
7.7 Global Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 8 Global Industrial Automation Market: By Region
8.1 Key Findings
8.2 Key Trends
8.3 Global Industrial Automation Market Value Share Analysis, By Region
8.4 Global Industrial Automation Market Analysis By Region
8.5 Global Industrial Automation Market Attractiveness Analysis By Region
CHAPTER 9 North America Industrial Automation Market Analysis
9.1 Key Findings
9.2 North America Industrial Automation Market Value Share Analysis, By Automation Type
9.3 North America Industrial Automation Market Forecast, By Automation Type
9.4 North America Industrial Automation Market Value Share Analysis, By Industries
9.5 North America Industrial Automation Market Forecast,By Industries
8.6 North America Industrial Automation Market Forecast By Country
8.7 North America Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 10 Europe Industrial Automation Market Analysis
10.1 Key Findings
10.2 Europe Industrial Automation Market Value Share Analysis, By Automation Type
10.3 Europe Industrial Automation Market Forecast, By Automation Type
10.4 Europe Industrial Automation Market Value Share Analysis, By Industries
10.5 Europe Industrial Automation Market Forecast, By Industries
10.6 Europe Industrial Automation Market Forecast By Country
10.7 Europe Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 11 Asia PacificIndustrial Automation Market Analysis
11.1 Key Findings
11.2 Asia Pacific Industrial Automation Market Value Share Analysis, By Automation Type
11.3 Asia Pacific Industrial Automation Market Forecast, By Automation Type
11.4 Asia Pacific Industrial Automation Market Value Share Analysis, By Industries
11.5 Asia Pacific Industrial Automation Market Forecast, By Industries
11.6 Asia Pacific Industrial Automation Market Forecast By Country
11.7 Asia Pacific Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 12 South East AsiaIndustrial Automation Market Analysis
12.1 Key Findings
12.2 South East Asia Industrial Automation Market Value Share Analysis, By Automation Type
12.3 South East Asia Industrial Automation Market Forecast, By Automation Type
12.4 South East Asia Industrial Automation Market Value Share Analysis, By Industries
12.5 South East Asia Industrial Automation Market Forecast, By Industries
12.6 South East Asia Industrial Automation Market Forecast By Country
12.7 South East Asia Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER13 China Industrial Automation Market Analysis
13.1 Key Findings
13.2 China Industrial Automation Market Value Share Analysis, By Automation Type
13.3 China Industrial Automation Market Forecast, By Automation Type
13.4 China Industrial Automation Market Value Share Analysis, By Industries
13.5 China Industrial Automation Market Forecast, By Industries
13.6 China Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 14 Middle East and AfricaIndustrial Automation Market Analysis
14.1 Key Findings
14.2 Middle East and Africa Industrial Automation Market Value Share Analysis, By Automation Type
14.3 Middle East and Africa Industrial Automation Market Forecast, By Automation Type
14.4 Middle East and Africa Industrial Automation Market Value Share Analysis, By Industries
14.5 Middle East and Africa Industrial Automation Market Forecast, By Industries
14.6 Middle East and Africa Industrial Automation Market Forecast By Country
14.7 Middle East and Africa Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 15 South America Industrial Automation Market Analysis
15.1 Key Findings
15.2 South America Industrial Automation Market Value Share Analysis, By Automation Type
15.3 South America Industrial Automation Market Forecast, By Automation Type
15.4 South America Industrial Automation Market Value Share Analysis, By Industries
15.5 South America Industrial Automation Market Forecast, By Industries
15.6 South America Industrial Automation Market Forecast By Country
15.7 South America Industrial Automation Market Attractiveness Analysis By Industries
CHAPTER 16 Industrial Automation Market: Competitive Landscape
16.1 Industrial Automation Market Share Analysis By Company (2015)
16.2 ABB Ltd.
16.2.1 Company Details
16.2.2 Market Presence
16.2.3 RecentDevelopments
16.2.4 Financial
16.2.5 Strategic Overview
16.2 Honeywell International Inc.
16.2.1 Company Details
16.2.2 Market Presence
16.2.3 Recent Developments
16.2.4 Financial
16.2.5 Strategic Overview
16.3 FANUC Corporation
16.3.1 Company Details
16.3.2 Market Presence
16.3.3 Recent Developments
16.3.4 Financial
16.3.5 Strategic Overview
16.4 Yaskawa Electric Corporation
16.4.1 Company Details
16.4.2 Market Presence
16.4.3 Recent Developments
16.4.4 Strategic Overview
16.5 Toshiba Machine Corporation Ltd.
16.5.1 Company Details
16.5.2 Market Presence
16.5.3 RecentDevelopment
16.5.4 Strategic Overview
16.6 Yokogawa Electric Corporation
16.6.1 Company Details
16.6.2 Market Presence
16.6.3 Recent Developments
16.6.4 Strategic Overview
16.7 Emerson Electric Company
16.7.1 Company Details
16.7.2 Market Presence
16.7.3 Recent Developments
16.7.4 Financial
16.7.5 Strategic Overview
16.8 General Electric Company
16.8.1 Company Details
16.8.2 Market Presence
16.8.3 Recent Developments
16.8.4 Financial
16.8.5 Strategic Overview
16.9 Rockwell Automation, Inc.
16.9.1 Company Details
16.9.2 Market Presence
16.9.3 Recent Developments
16.9.4 Strategic Overview
16.10 Mitsubishi Electric Corporation
16.10.1 Company Details
16.10.2 Market Presence
16.10.3 Recent Developments
16.10.4 Financial
16.10.5 Strategic Overview
16.10.6 Financial