PUBLISHER: Grand View Research | PRODUCT CODE: 1574895
PUBLISHER: Grand View Research | PRODUCT CODE: 1574895
The global manufacturing automation market size was estimated at USD 12.28 billion in 2023 and is expected to grow at a CAGR of 9.7% from 2024 to 2030. The growing adoption of Industry 4.0, the commercialization of next-generation networks (NGNs), and the growing emphasis on optimum resource utilization and improved efficiency drive higher adoption rates of industrial automation services. In addition, rapid technological advancements and the adoption of new systems and networking architectures are expected to further fuel the market growth in the coming years.
The growing demand for operational efficiency and productivity improvement drives market growth. Automation technologies, such as robotics, artificial intelligence (AI), and machine learning (ML), help manufacturers streamline processes, reduce manual intervention, and minimize human errors. By optimizing production lines, these solutions contribute to faster production cycles, cost savings, and consistent quality. This trend is expected to enhance the market expansion in the coming years.
In addition, manufacturers worldwide face rising labor costs and a shortage of skilled workers, driving them to invest in automation technologies. The integration of advanced technologies into manufacturing processes, characterized by the increasing demand for interconnected systems that facilitate real-time data analysis and decision-making, which is essential for optimizing production processes, is driving the market expansion.
Furthermore, the increasing adoption of sustainable manufacturing practices is accelerating market growth. Companies are adopting automation to reduce energy consumption, minimize waste, and optimize resource use, aligning with global efforts toward greener production. Automation technologies help monitor energy usage and improve resource efficiency, thus supporting the shift toward more eco-friendly manufacturing processes and driving growth in markets with strict regulatory requirements.
Moreover, rising labor costs and workforce shortages are expected to drive market growth in the coming years. This ongoing trend is compelling companies to invest in automation technologies. In addition, the rising consumer demand for customized products necessitates flexible manufacturing systems that can quickly adapt to changing market demands, thereby fueling market expansion.
Global Manufacturing Automation Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global manufacturing automation market report based on component, technology, deployment, end use, industry vertical, application, solution, enterprise size, and region: