Industrial Automation Control Market Report: Size, Share and Outlook by 2031

In 2018, the global market for industrial automation control was valued at approximately US$ 158.5 billion and is projected to experience a compound annual growth rate (CAGR) of 8.0% from 2019 to 2027, reaching an estimated US$ 324.6 billion by 2027.

The growth of the global industrial automation control market is primarily driven by the rapid growth of the manufacturing sector, alongside the continuous increase in labor costs and the demand for precision in production processes. Despite these positive factors, the substantial initial investment required for deployment poses a challenge to market expansion. However, increasing governmental support for the integration of industrial automation presents significant opportunities for market growth. For example, Germany's 'Industry 4.0' initiative emphasizes the development and implementation of industrial robotics as a crucial element. The German government has committed to providing approximately ?70 million annually in non-repayable grants to support research institutions, businesses, and academic entities from 2016 to 2020, focusing on human-technology interaction research.

The industrial automation control market is characterized by fragmentation, with a diverse ecosystem of players. However, the competitive landscape is anticipated to evolve in the coming years. Various governmental initiatives are being launched to further stimulate the industrial automation control market. For instance, India's 'Make in India' initiative aims to bolster the growth of several sectors, including automotive, textiles, construction, and aviation. Additionally, the Indian government is set to introduce 'Make in India 2.0', which aims to position India as a global manufacturing powerhouse. Leading manufacturers are increasingly integrating artificial intelligence into their existing frameworks to enhance productivity through automation technologies, which offer benefits such as labor flexibility, accurate demand forecasting, improved product quality, and optimized supply chains and inventory management. Similarly, the UK government has announced a ?17.3 million investment in robotics and artificial intelligence, aimed at supporting Europe?s digital strategy to establish the UK as the most innovative economy worldwide. These governmental initiatives are fostering the growth of automation in Europe, providing numerous advantages to Asian companies and thereby accelerating the industrial automation control market in that region.

When examining industry verticals, the electronics and semiconductor sector currently leads the industrial automation control market, followed closely by the food and beverages sector, both of which are expected to experience robust growth rates. The increasing demand for consumer electronics such as smartphones, laptops, tablets, and smartwatches has prompted manufacturers to enhance their production capabilities. A significant number of semiconductor and electronic fabrication facilities are situated in Asian countries like Taiwan, South Korea, Japan, and China, which necessitate advanced automated machinery and equipment. The rising demand for innovative electronic products is driving the need for industrial automation within the electronics and semiconductor industries. The emergence of new devices has also spurred demand for components such as batteries, chips, and displays, which require high precision that can be achieved through automation in production processes, thereby minimizing human error. Consequently, the adoption of industrial automation and control technologies is particularly high in the electronics and semiconductor sectors.

The overall size of the industrial automation control market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the industrial automation control market. This research also includes an overview and forecast of the global industrial automation control market segmented by five major regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Additionally, primary interviews with industry participants and experts are conducted to validate the data and analysis. Participants typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the industrial automation control sector. Notable players in the industrial automation control market 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.