Industrial Automation Control Market is estimated to reach US$ 324.6 Bn by 2027 | ABB Ltd, Honeywell International Inc., Siemens AG
A substantial increase in the adoption of industrial automation in diverse industries
Latest market study on “Industrial Automation Control Market to 2027 by Solution (DCS, SCADA, PLC, PLM, and Others); Industry Vertical (Automotive, Electronics & Semiconductor, Food & Beverage, Metal & Machinery, Aerospace & Defense, and Others); and End User (Process Industry and Discrete Industry) – Global Analysis and Forecast”, the Industrial Automation Control Market is estimated to reach US$ 324.6 Bn by 2027 from US$ 158.5 Bn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The industrial automation control experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for industrial automation control comprises of some well-established players across the globe. Since last decade, the demand in different end-user industry has accelerated significantly with growing adoption of automation and ground-breaking technology enhancements. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional players as well as the leading global companies across the world. Use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies. Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automation. Solutions such as SCADA, PLC, DCS, MES, PLM, and plant asset management as well as Cybersecurity holds a distinct position in facilitating ease in the manufacturing process. Technologies such as condition monitoring, IIoT, AI, big data analytics, virtual reality, and augmented reality helps to have access over real-time data required at the time of precision decision making. Machine vision, sensor, HMI, control valves, control devices, industrial robots, industrial PC, field instruments, and many other components are used to go ahead with manufacturing operations. In discrete industries, it produces distinct products which use bills of materials and routings to define lead times and costs. These industries need end-to-end manufacturing for the production and delivery of final products. Therefore, utilization of industrial automation plays a significant role to lower operational costs and maximizing productivity. In discrete manufacturing, production of a product is done sequentially by the craftsman. Discrete manufacturing is based on some production orders which keeps on changing depending upon orders. Discrete manufacturers’ produces finish goods such as nuts, screws, handles, and other which is further used for manufacturing or it can be taken apart. For instance, The Saudi Arabia Government is strategically focusing on the development of robotics sectors across various industries. The government has laid an enhanced focus on the development of robotics to meet the country’s plan for building an innovative and strong economy as per the VISION 2030. Such initiatives taken by the government would help the companies to widen the scope in the industrial automation control market.
The global market for industrial automation control market is segmented on various parameters such as solution, industry vertical, end user, and geography. Based on solution, programmable logic control system (PLC) segment dominate the industrial automation control market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. On the basis of industry vertical, electronics and semiconductor segment is expected to witness a significant growth rate in the coming years. The industrial automation control market operates in an extremely fragmented industry with huge number of smaller players capturing the market. Key players operating in the market are introducing attractive services and solution which is helping the companies to gain customer traction. The major companies offering industrial automation control to different industries include ABB Ltd, Honeywell International Inc., Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., Omron Corporation, Rockwell Automation, B&R Industrial Automation Gmbh, and Beckhoff among others. Several other companies are also offering these services to different industries which is facilitating the industrial automation control market to propel over the years.
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The report segments the global industrial automation control market as follows:
Global Industrial Automation Control Market – By Solutions
Distributed Control System (DCS)
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Control System (PLC)
Product Lifecycle Management (PLM)
Others
Global Industrial Automation Control Market – By Industry Vertical
Automotive
Electronics & Semiconductor
Food & Beverage
Metal & Machinery
Aerospace & Defense
Others
Global Industrial Automation Control Market – By End User
Process Industry
Discrete Industry
Global Industrial Automation Control Market – By Geography
North America, U.S., Canada, Mexico, Europe, France, Germany, Italy, Spain , UK, Russia, Rest of Europe, Asia Pacific (APAC), China, India, Japan, South Korea, Rest of APAC, Middle East and Africa (MEA), South Africa, Middle East, Rest of MEA, South America (SAM), Brazil, Argentina, Rest of SAM
TABLE OF CONTENTS
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global Industrial Automation Control Market – By Solution
1.3.2 Global Industrial Automation Control Market – By Industry Vertical
1.3.3 Global Industrial Automation Control Market – By End User
1.3.4 Global Industrial Automation Control Market – By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1.1 Coverage
3.1.2 Secondary Research
3.1.3 Primary Research
4. INDUSTRIAL AUTOMATION CONTROL MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 North America – PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 ASIA PACIFIC PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5. INDUSTRIAL AUTOMATION CONTROL MARKET – KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Rapid Expansion in Manufacturing Industry
5.1.2 Widespread adoption of industrial automation in diverse industries
5.1.3 Constant rise in labor costs and need for accuracy in production
5.2 KEY MARKET RESTRAINTS
5.2.1 High capital required for initial deployment
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Widening government support
5.4 FUTURE TRENDS
5.4.1 Integration of artificial intelligence
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. INDUSTRIAL AUTOMATION CONTROL – GLOBAL MARKET ANALYSIS
6.1 GLOBAL INDUSTRIAL AUTOMATION CONTROL MARKET OVERVIEW
6.2 GLOBAL INDUSTRIAL AUTOMATION CONTROL MARKET FORECAST AND ANALYSIS
6.3 MARKET POSITIONING/ MARKET SHARE
To Be Continued…
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