The global market for factory automation is projected to have considerable CAGR of around 9.2% during the forecast period. Factory Automation Market research report reveals important insights into market scenario to enable key players in taking calculated decision making. Basically, one of the major purposes of market research reports is to maximize the business growth opportunities. It also helps key players to turn business into a successful business by increasing the profit level. The overall business goal can be accomplished through this Factory Automation Market study report as it consists of all the current happenings and major innovations of the marketplace. Depending on the overall business objective, it is important to reduce business risks to generate larger revenues in the business. Several regions are captured in this Market report which includes North America, Europe, Middle East, Africa, Latin America and Asia Pacific.
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Geographically, the global factory automation market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America have considerable market share in the global factory automation market. The market growth is attributed to the contribution from the major economies including the US and Canada. The market in the US is growing due to rising manufacturing sector coupled with the government efforts for promoting the implementation of AI. For instance, in February 2019, the US president signed an executive order for the American AI initiative. Further, there is a rising need to meet the increasing demand for high efficiency in the manufacturing sector that further strengthen the market share in the region. Robot density in the US manufacturing industry in 2017 reached 200 robots per 10,000 manufacturing employees as compared to 97 in China, as per the International Federation of Robotics. The trend of automate production in domestic as well as global markets is the major factor driving the installation of robots in the US.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Factory Automation Market by Component
- Industrial Robots
- Machine Vision
- Human Machine Interface(HMI)
- Sensors
- Control Valves
- Others( Field Instruments)
Global Factory Automation Market by Control Systems
- Programmable Logic Controllers(PLC)
- Distributed Control Systems (DCS)
- Supervisory Control and Data Acquisition System (SCADA)
- Manufacturing Execution System (MES)
- Others( Product Lifecycle Management)
Global Factory Automation Market by Industry
- Automotive
- Aerospace & Defense
- Oil & Gas
- Chemical
- Food & Beverages
- Healthcare
- Others( Mining and Electronics)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- Azbil Corp.
- Dwyer Instruments, Inc.
- Danfoss A/S
- Emerson Electric Co.
- Endress+Hauser Group Services AG
- Fuji Electric Co., Ltd.
- Fanuc Corp.
- General Electric Co.
- Honeywell International Inc.
- Hitachi, Ltd.
- KROHNE Messtechnik GmbH
- Mitsubishi Electric Corp.
- NovaTech, LLC
- Omron Corp.
- Rockwell Automation, Inc.
- Siemens AG
- Schneider Electric SE
- WIKA Instruments India Pvt. Ltd.
- Yokogawa Electric Corp.
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global factory automation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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