The 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 includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
Industrial automation control experiencing 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 some well-established players across the globe. Since the last decade, the demand in different end-user industries has accelerated significantly with the growing adoption of automation and ground-breaking technology enhancements. As leading companies in this market continue to broaden their addressable market, by expanding their current product portfolio, diversifying their 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.
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The 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 to real-time data required at the time of precision decision making. Machine vision, sensors, 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, the utilization of industrial automation plays a significant role to lower operational costs and maximizing productivity. In discrete manufacturing, the 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 produce finish goods such as nuts, screws, handles, and others which are 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 the solution, the programmable logic control system (PLC) segment dominates 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, the 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 a huge number of smaller players capturing the market. Key players operating in the market are introducing attractive services and solutions 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.
GLOBAL INDUSTRIAL AUTOMATION CONTROL – MARKET SEGMENTATION
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Control System (PLC)
- Product Lifecycle Management (PLM)
By Industry Vertical
- Electronics & Semiconductor
- Food & Beverage
- Metal & Machinery
- Aerospace & Defense
- Process Industry
- Discrete Industry
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The Industrial Automation Control Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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