Global Industrial Control & Factory Automation Market Size Study, by Component, by Solution, by Industry, and Regional Forecasts 2022-2032

Description

The Global Industrial Control & Factory Automation Market is valued approximately at USD 234.11 billion in 2023 and is projected to grow at a robust CAGR of 9.30% during the forecast period 2024-2032. Industrial control and factory automation have become crucial in transforming manufacturing processes, providing enhanced operational efficiency, precision, and flexibility. The adoption of IoT, AI-equipped tools, and Industry 4.0 technologies has accelerated the demand for advanced automation solutions across various industrial sectors.

The growth of automation in both process and discrete industries is a significant market driver, particularly as industries aim to increase efficiency while reducing costs. The widespread deployment of solutions like SCADA, PLC, DCS, MES, and PAM has optimized operations and streamlined production workflows. Additionally, advancements in robotics, industrial 3D printing, and plant asset management (PAM) have further enhanced the capabilities of industrial automation systems.

However, the high installation costs and challenges associated with integrating advanced automation systems with legacy infrastructure are potential barriers to market growth. Despite these challenges, the demand for industrial automation solutions remains strong, driven by their ability to provide real-time data tracking, enhanced productivity, and operational safety.

The Asia Pacific region is anticipated to dominate the market during the forecast period, fueled by rapid industrialization, technological advancements in robotics, and government initiatives to strengthen the manufacturing sector. Countries such as China, India, Japan, and South Korea are at the forefront of adopting smart factory solutions and IoT-based automation technologies.

Major Market Players Included in This Report:

ABB Limited
Siemens AG
Schneider Electric SE
Mitsubishi Electric Corporation
Rockwell Automation
Honeywell International Inc.
Emerson Electric Company
Omron Corporation
Fanuc Corporation
General Electric
Endress + Hauser Group
WIKA Alexander Wiegand SE & Co. KG
Stratasys Ltd.
Yokogawa Electric Corporation
3D Systems

The detailed segments and sub-segments of the market are explained below:

By Component

Industrial Robots
Machine Vision
Process Analyzer
Field Instruments
Human-Machine Interface
Industrial PC
Industrial Sensors
Industrial 3D Printing
Vibration Monitoring

By Solution

SCADA
PLC
DCS
MES
PAM
Industrial Safety

By Industry

Process Industry
Oil & Gas
Chemical
Pulp & Paper
Pharmaceutical
Metals & Mining
Food & Beverages
Energy & Power
Discrete Industry
Automotive
Machine Manufacturing
Semiconductor & Electronics
Aerospace & Defense
Medical Devices

By Region:

North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Spain
Russia
Asia Pacific
Japan
China
India
Malaysia
Indonesia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Industrial Control & Factory Automation Market Executive Summary

1.1. Global Industrial Control & Factory Automation Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Solution
- 1.3.3. By Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Industrial Control & Factory Automation Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Industrial Control & Factory Automation Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising adoption of Industry 4.0
- 3.1.2. Increasing demand for IoT and AI-integrated solutions
- 3.1.3. Expansion of automation in manufacturing industries
3.2. Market Challenges
- 3.2.1. High installation and maintenance costs
- 3.2.2. Integration complexities with legacy systems
3.3. Market Opportunities
- 3.3.1. Advancements in robotics and 3D printing technologies
- 3.3.2. Growing investments in smart factories and digitization

Chapter 4. Global Industrial Control & Factory Automation Market Industry Analysis

4.1. Porter's Five Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's Five Force Model
- 4.1.7. Porter's Five Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Control & Factory Automation Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Industrial Control & Factory Automation Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Industrial Robots
- 5.2.2. Machine Vision
- 5.2.3. Process Analyzer
- 5.2.4. Field Instruments
- 5.2.5. Human-Machine Interface
- 5.2.6. Industrial PC
- 5.2.7. Industrial Sensors
- 5.2.8. Industrial 3D Printing
- 5.2.9. Vibration Monitoring

Chapter 6. Global Industrial Control & Factory Automation Market Size & Forecasts by Solution 2022-2032

6.1. Segment Dashboard
6.2. Global Industrial Control & Factory Automation Market: Solution Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. SCADA
- 6.2.2. PLC
- 6.2.3. DCS
- 6.2.4. MES
- 6.2.5. PAM
- 6.2.6. Industrial Safety

Chapter 7. Global Industrial Control & Factory Automation Market Size & Forecasts by Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Industrial Control & Factory Automation Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Process Industry
  - 7.2.1.1. Oil & Gas
  - 7.2.1.2. Chemical
  - 7.2.1.3. Pulp & Paper
  - 7.2.1.4. Pharmaceutical
  - 7.2.1.5. Metals & Mining
  - 7.2.1.6. Food & Beverages
  - 7.2.1.7. Energy & Power
- 7.2.2. Discrete Industry
  - 7.2.2.1. Automotive
  - 7.2.2.2. Machine Manufacturing
  - 7.2.2.3. Semiconductor & Electronics
  - 7.2.2.4. Aerospace & Defense
  - 7.2.2.5. Medical Devices

Chapter 8. Global Industrial Control & Factory Automation Market Size & Forecasts by Region 2022-2032

8.1. North America Industrial Control & Factory Automation Market
- 8.1.1. U.S. Industrial Control & Factory Automation Market
- 8.1.2. Canada Industrial Control & Factory Automation Market
8.2. Europe Industrial Control & Factory Automation Market
- 8.2.1. France Industrial Control & Factory Automation Market
- 8.2.2. Germany Industrial Control & Factory Automation Market
- 8.2.3. UK Industrial Control & Factory Automation Market
- 8.2.4. Italy Industrial Control & Factory Automation Market
- 8.2.5. Netherlands Industrial Control & Factory Automation Market
- 8.2.6. Spain Industrial Control & Factory Automation Market
- 8.2.7. Russia Industrial Control & Factory Automation Market
8.3. Asia Pacific Industrial Control & Factory Automation Market
- 8.3.1. Japan Industrial Control & Factory Automation Market
- 8.3.2. China Industrial Control & Factory Automation Market
- 8.3.3. India Industrial Control & Factory Automation Market
- 8.3.4. Malaysia Industrial Control & Factory Automation Market
- 8.3.5. Indonesia Industrial Control & Factory Automation Market
- 8.3.6. South Korea Industrial Control & Factory Automation Market
8.4. Latin America Industrial Control & Factory Automation Market
- 8.4.1. Brazil Industrial Control & Factory Automation Market
- 8.4.2. Mexico Industrial Control & Factory Automation Market
- 8.4.3. Argentina Industrial Control & Factory Automation Market
8.5. Middle East & Africa Industrial Control & Factory Automation Market
- 8.5.1. Saudi Arabia Industrial Control & Factory Automation Market
- 8.5.2. UAE Industrial Control & Factory Automation Market
- 8.5.3. Israel Industrial Control & Factory Automation Market
- 8.5.4. South Africa Industrial Control & Factory Automation Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. ABB Limited
- 9.1.2. Mitsubishi Electric Corporation
- 9.1.3. Siemens
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. 3D Systems
- 9.3.2. Honeywell International Inc.
- 9.3.3. Rockwell Automation
- 9.3.4. Schneider Electric SE
- 9.3.5. Yokogawa Electric Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes