This report focuses on the Industrial Automation Control Market Size, Revenue, Share, status, future forecast, growth opportunity, key market dynamics and key players. The study objectives are to present the Industrial Automation Control development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
The global industrial automation control market accounted to US$ 158.5 Bn in 2018 and is expected to grow at a CAGR of 8.0% during the forecast period 2019 – 2027, to account to US$ 324.6 Bn by 2027.
The major players operating in the industrial automation control market includes 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.
The market players are significantly investing in the development of industrial robots integrated with artificial intelligence. Further, the Chinese government is expanding its efforts to integrate artificial intelligence technologies into industrial sector. The integration of artificial intelligence will further reduce the intervention of humans, which will be beneficial for countries with inadequate and expensive labor force. However, this may also result in loss of employment in the labor-intensive economies. This technological concept is anticipated to trigger the growth of the market in the coming years.
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The government of several nations worldwide are taking initiatives to support and promote the development and adoption of industrial automation in their respective countries. For instance, the government of Singapore under its Industry Transformation Programme has announced several measures to facilitate companies and industries innovate, automate and expand overseas and obtain financing. Further, in the year 2016 budget of Singapore’s government, a new three-year ‘Automation Support Package’ was introduced. Further, the Chinese government has taken several measures for the deployment of industrial automation in the country’s manufacturing sector. This includes ‘Made in China 2025’ plan for the development of high-tech industries.
In addition, the government also announced a five-year ‘Robotics Industry Development Plan’ for the expansion of China’s industrial robotics sector. The government is offering considerable subsidies and tax breaks for industrial automation. Moreover, German government’s strategy ‘Industry 4.0’, includes development and deployment of industrial robots as a key driver. The government announced to offer non-refundable cash grants of around €70 Mn each year to support research institutes, companies, and academics during 2016 – 2020 for human-technology interaction research. The industrial automation control market is experiencing high growth in the forecast period. The industrial sector is becoming increasingly entangled with artificial intelligence, big data as well as other such technologies. It is predicted that in the near future, automation will not only boost productivity but will also provide an advanced smart assistance to humans.
Furthermore, UK government announced investment of £17.3 million in robotics and artificial intelligence. The investments are aimed to support the digital strategy of Europe which focus on making UK world’s most innovative economy. The initiatives by the government supports the growth of automation in the European region. The automotive and general manufacturing industries are flourishing in Europe. The increasing demand for automation is aiding the growth of industrial automation and related controls. As per the International Federation of Robotics, in the year 2017, Germany had a workforce of approximately fifty-three thousand people and with a robot density of 309 robots per 10 thousand employees across industries. Several sectors in Europe are focusing on adopting robotics solutions with the aim of improving operational efficiency and increasing production. The significant adoption of robotic solutions is creating substantial market space for robotic manufacturers in Europe. This factor facilitates market growth in a current scenario, and the same trend is anticipated to propel demand for advanced technologies such as industrial automation control in the coming years in Europe.
The industrial automation control market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. APAC is expected to be the fastest growing region in global industrial automation control market followed by Europe and North America. The demand for industrial automation control services across the developing economies in APAC region is constantly rising with the growing number of applications. China, one of the largest economy in the region is also well known hub of manufacturing for numerous industries such as automotive, electronics & semiconductor, food & beverage, metal & machinery, aerospace & defense, and others. In order to maintain the productivity and automate the major operation across industries, the local regulatory bodies and agencies across the region are taking numerous initiative that have significantly contributed to the growth of the overall market.
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Similarly in US, the National Robotics Initiative 2.0, a cross-governmental program that is built upon the original NRI. The program is intended to accelerate the development and use of collaborative robots which will work with humans and support them in various tasks. The program support four spheres for the research of the scalability, customizability, lowering barriers to entry, and societal impact. The program supports collaboration between academic, non-profit, industry, and other organizations to increase the development. This initiative provides various benefits to the US robotics companies, and thus increasing the growth of robotics in the region which would further provide growth opportunities for related technologies such as factory automation and industrial control solutions in North America.
The report segments the global Industrial Automation Control market as follows:
1.1.1 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)
1.1.2 Global Industrial Automation Control Market – By Industry Vertical
- Electronics & Semiconductor
- Food & Beverage
- Metal & Machinery
- Aerospace & Defense
1.1.3 Global Industrial Automation Control Market – By End User
- Process Industry
- Discrete Industry
1.1.4 Global Industrial Automation Control Market – By Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
- South America (SAM)
- Rest of MEA
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- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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