Global Industrial Control & Factory Automation Market Size By Component (Machine Vision Systems, Industrial Robotics, Sensors and Transmitters, Motors & Drives, Industrial 3D Printers, Vibration Monitoring, Process Analyzers and Others), Solution (Supervisory Control and Data Acquisition (SCADA), Asset Management (PAM), Product Lifecycle Management (PLM), Programmable Logic Controller (PLC), Distributed Control System (DCS), and Manufacturing Execution System (MES), Human machine interface (HMI), and Others), Vertical (Automotive, Manufacturing, Chemicals, Metals & Mining, Semiconductor & Electronics, Pharmaceuticals, Food and Beverage, Oil & Gas and Others), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030

Market Perspective

The global Industrial Control & Factory Automation Market was worth around USD 164.31 billion in 2022 and is anticipated to grow to about USD 383.67 billion by 2030, expanding at a CAGR of nearly 11.34% over 2023 - 2030.

The expansion of the global industrial control & factory automation market is propelled by several factors, including government initiatives aimed at fostering industrial automation and the integration of cutting-edge technologies like IoT and AI within industrial ecosystems. Manufacturing automation stands as a pivotal catalyst propelling the growth of the sector, driven by advanced equipment capable of addressing increasingly complex technical requirements. This surge in demand is fueled by the adoption of automated solutions, which not only enhance operational efficiency but also yield significant reductions in manufacturing expenditures, bolstering manufacturers' overall productivity margins. Moreover, the evolution of smart factories, leveraging sophisticated systems, components, and machinery for process enhancement through automation and self-optimization, represents a notable trend. Many industrial enterprises are actively transitioning toward smart factory models, driven by imperatives for enhanced planning, streamlined supply chain logistics, and accelerated product development. Apart from the challenges of escalating labor costs and heightened quality standards, factory automation emerges as a compelling strategy for mitigating production, operational, and labor-related expenditures, compelling industrial stakeholders to explore automation solutions to navigate the evolving landscape of manufacturing demands and constraints.

Key Insights

• Based on components, the industrial robots segment held the dominating position in 2022
• Based on the solution, the supervisory control and data acquisition (SCADA) segment acquired the largest market share in 2022
• Based on vertical, the manufacturing segment is expected to grow with the highest CAGR over the forecast period
• On the basis of region, Europe accounted for the largest market share in 2022

Increasing Adoption of IoT to Drive Industrial Control & Factory Automation Market Growth

The surge in IoT adoption for mass production processes is fundamentally reshaping the landscape of the industrial control and factory automation market. The emergence of connected enterprise is driving this transformation, facilitating seamless information exchange across diverse industrial units. Leveraging IoT and IP networks, manufacturers gain unprecedented insights into the intricacies of converting raw materials into finished goods. These IoT-enabled systems enable comprehensive tracking of field instruments, optimized raw material flow, real-time inventory monitoring, and seamless supply chain management.

Increasing Demand for Process Automation Across Various Verticals to Offer Growth Opportunities

The escalating demand for process automation across various sectors serves as a significant growth driver for the global industrial control & factory automation market. Employing diverse control systems to optimize and oversee a spectrum of industrial processes—from additive manufacturing to molding and metalworking—has become imperative. These systems, comprising single or multiple control loops equipped with meters and sensors, automate operations, thereby reducing reliance on manual intervention. Control systems play a pivotal role in regulating critical parameters such as pressure, temperature, level, and flow across industries like oil and gas, power generation, chemicals, telecommunications, and pulp and paper, fostering partial or complete automation.

Moreover, the swift transition of industries toward smart manufacturing underscores another key trend shaping the market dynamics. Embracing automation systems to streamline operations and deliver real-time insights is becoming the norm. The advent of Industry 4.0, coupled with advancements in AI, IoT, ML, and robotics, is driving the digital transformation of manufacturing, unlocking new avenues for industry growth.

High Maintenance Cost of Industrial Solutions & Factory Automation to Hinder Market Growth

concerns surrounding the high maintenance costs associated with industrial solutions and factory automation pose significant challenges to market expansion. While industrial automation offers unparalleled efficiency gains, the initial capital investments and subsequent maintenance expenses deter widespread adoption. The necessity for substantial capital reinvestments for the upkeep and upgradation of these systems further constrains market growth, despite the widely-known benefits they offer in terms of operational optimization and productivity enhancement.

Recent Development

November 2023 (Acquisition) - Huizenga Automation Group completed the acquisition of GSE Automation. GSE Automation, a prominent company specializing in industrial automation services located in Lansing, Michigan, offers a wide range of services including process development, FEA analysis, and system design. This strategic acquisition wasaimed at bolstering Huizenga's position in the field of industrial automation, capitalizing on GSE's extensive expertise to enrich their existing portfolio.

November 2023 (Acquisition) - NovaTech Automation, a prominent company specializing in automation and control solutions worldwide, completed the acquisition of the product line from TestSwitch LLC. TestSwitch is well-known for supplying high-quality electromechanical switches utilized in crucial infrastructure testing. This strategic acquisition strengthened NovaTech Automation's position in the industry and expanded its product portfolio, which now includes TestSwitch's flagship product, the W3TS Test Switch.

Segmentation Analysis

Based on components, the market is categorized into machine vision systems, industrial robotics, sensors and transmitters, motors and drives, industrial 3d printers, vibration monitoring, process analyzers, and others. The industrial robotics segment emerged as the dominating category in 2022 and is witnessing significant growth due to increased robot utilization in automation processes. Manufacturers worldwide are increasingly integrating robots to enhance operational efficiency and safety, revolutionizing production methods. The adoption of robotic industrial automation offers benefits such as waste reduction, faster cycle times, and reduced floor space, enhancing their versatility across various sectors, which is driving segment expansion.

Based on solution, the global industrial control & factory automation market is categorized into supervisory control and data acquisition (SCADA), product asset management (PAM), product lifecycle management (PLM), programmable logic controller (PLC), distributed control system (DCS), manufacturing execution system (MES), and human-machine interface (HMI). SCADA dominated the market share in 2022, holding the largest market share. Its widespread adoption across industries such as oil and gas, manufacturing, utilities, and wastewater management has propelled the growth. SCADA solutions empower businesses to enhance operational efficiency, streamline decision-making processes, and significantly reduce downtime.

Furthermore, industry leaders like Schneider Electric and ABB continue to innovate in control systems, expanding their offerings to meet evolving client needs. However, the distributed control system (DCS) segment is poised to experience the fastest growth over 2023-2030, driven by its numerous advantages such as centralized control, reporting, and monitoring of various components, facilitating operational centralization and flexibility. The rising demand for DCS solutions is fueled by benefits including scalability, easy installation, and automatic updates.

Based on vertical segment, the global industrial control & factory automation market is categorized into automotive, manufacturing, metals & mining, semiconductor & electronics, pharmaceuticals, food and beverage, oil & gas, and others. The manufacturing sector dominated the market share in 2022, capturing the largest share. Manufacturers increasingly recognize the significance of successful digital transformation, propelling the convergence of technology and automation within manufacturing operations. Automation solutions facilitate seamless integration of electrical assets and production process data, thereby enhancing sustainability throughout the manufacturing plant's lifecycle.

Europe to Dominate the Regional Share Due to Robust Industrial Infrastructure

The European region maintains its strong foothold in the global industrial control & factory automation market, primarily backed by the increasing scope of applications of IoT and continuous technical innovations. Notably, the region boasts the presence of key industry players like Siemens, ABB, and Schneider, among others, contributing significantly to the region’s market dominance. Moreover, initiatives like Industry 4.0, aimed at enhancing industrial productivity through digitalization and automation, further bolster the region's position in the market. Additionally, Europe's robust infrastructure, conducive regulatory environment, and proactive government support for technological advancements are foreseen tosustain its prominence in the global industrial automation landscape.

Rapid Industrial Development to Aid Asia-Pacific Industrial Control & Factory Automation Market Growth

The Asia-Pacific region is poised to significant growth in the industrial control & factory automation market through the forecast period, fueled by escalating demand across diverse verticals. The development of manufacturing facilities, particularly in emerging economies across the region, is driving the adoption of industrial automation components and systems such as SCADA, DCS, industrial sensors, and robots. Furthermore, increasing environmental awareness is prompting industries to embrace automation technologies for enhanced efficiency and sustainability. The adoption of industrial control and factory automation in the region is further bolstered by the rising uptake of green building practices and government initiatives aimed at promoting energy-efficient measures in the commercial sector. As a result, Asia-Pacific emerges as a key growth hub for the industrial automation market, presenting lucrative opportunities for industry players amidst evolving market dynamics.

Competitive Landscape

The global industrial control & factory automation market is fragmented with key players such as ABB, General Electric, Honeywell International, Schneider Electric, Endress+Hauser Group Services AG, Rockwell Automation, Inc., Emerson Electric Co., Mitsubishi Electric Corporation, Siemens, and OMRON Corporation, among others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, Solution introductions, and collaborations to expand their business globally and enhance their competitive position.

The global Industrial Control & Factory Automation Market is segmented as follows:

By Component

• Machine Vision Systems
• Industrial Robotics
• Sensors and Transmitters
• Motors & Drives
• Industrial 3D Printers
• Vibration Monitoring, Process Analyzers
• Others

By Solution

• Supervisory Control and Data Acquisition (SCADA)
• Asset Management (PAM)
• Product Lifecycle Management (PLM)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution System (MES)
• Human machine interface (HMI)
• Others

By Vertical

• Automotive
• Manufacturing
• Chemicals
• Metals & Mining
• Semiconductor & Electronics
• Pharmaceuticals
• Food and Beverage
• Oil & Gas
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• GCC
• South Africa
• North America
• Rest of Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America