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North America Factory Automation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Hardware, Type, Technology and Industry Vertical

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    Report

  • 192 Pages
  • September 2022
  • Region: North America
  • The Insight Partners
  • ID: 5671754
UP TO OFF until Mar 31st 2024
The North America factory automation market is expected to grow from US$ 46,797.4 million in 2022 to US$ 74,823.3 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2022 to 2028.

The growing customer need for an automation system encourages companies to produce advanced solutions. For this, the companies are partnering and collaborating with other companies to cater the customer needs. A few examples of partnerships and collaborations by the companies are mentioned below:
  • In July 2022, ABB Ltd announced the collaboration with SKF to automate manufacturing processes. Through this collaboration, the companies will identify and evaluate solutions to improve manufacturing capabilities.
  • In July 2022, Siemens announced their collaboration with Geekplus to expand its robotic activities. The companies have grown their collaboration to the second phase of a smart manufacturing automation project. In the second phase, the companies have added more MP1000R moving robots equipped with laser-guided SLAM capabilities to the production line without interrupting operations.
  • In February 2022, Bosch Rexroth AG announced its collaboration with Qualcomm to showcase industrial automation with time-synchronized applications. Through this joint research collaboration, the companies showcased ultra-low latency and time-synchronized networking for an autonomous mobile robot (AMR) and an assisted guided vehicle (AGV) positioning.
  • In March 2022, OMRON Corporation announced that they have partnered with RAMP Inc. for its Certified System Integrator program. RAMP is an automation solution provider. It designs and builds custom automation and robotic systems. Through this partnership, the companies will provide customers with innovative and reliable automation solutions.
Through these partnerships and collaborations, the companies help their customers improve manufacturing capabilities. These factors are contributing to the North America factory automation market growth

In North America, the factory automation market growth in Canada is expected to be the highest CAGR during the forecast period. The market growth in the region is attributed to the presence of numerous robotics and automation companies in the country, such as Siemens AG, Autodesk, Rockwell Automation, Denso Robotics, ABB, Universal Robots, Schneider Electric, and OMRON Corporation. The country also homes several factory automation component providers. The OEMs and system integrators present across the country are catering to a wide range of industries, including life sciences, food & beverages, oil & gas, chemical, paper & pulp, and mining. Additionally, the government initiative are rising across Canada to promote the adoption of automated technology across all small and big factories. For instance, in February 2019, the federal government announced a bid of US$ 230 million to promote the automation of Ontario’s manufacturing industry. Moreover, the country is experiencing a rise in investments in setting up manufacturing plants. For instance, in March 2022, General Motors announced the opening of its new electric vehicle manufacturing plant in Ontario in partnership with Quebec. Such initiatives and investments are expected to drive the demand for factory automation solutions across the country in the coming years.

The North America factory automation market size is segmented on the basis of component, hardware, type, technology, and industry vertical. Based on component, the North America factory automation market is segmented into hardware and software. Based on hardware, the North America factory automation market share is segmented into sensors, controllers, robots, drives, and others. Based on type, the North America factory automation market is segmented into programmable automation, fixed automation, and flexible automation. By technology, the North America factory automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition system (SCADA), human machine interface (HMI), and others. Based on industry vertical, the North America factory automation market share is segmented into automotive, food & beverage, oil & gas, manufacturing, mining, and others. Based on country, the North America factory automation market size is segmented into the US, Canada, and Mexico.

Emerson Electric Co.; Schneider ABB; Siemens AG; Honeywell International Inc.; FANUC; General Electric Company; Mitsubishi Electric Corporation; Omron Corporation; Robert Bosch GmbH; and Rockwell Automation, Inc. are a few major players profiled in the report of the North America factory automation market.

Major end-use industry verticals of the factory automation market are automotive, food & beverages, oil & gas, manufacturing, mining, and others. Industrial Internet of Things; robotics; artificial intelligence; big data; cloud; cybersecurity; are among the automation technologies used in manufacturing industry. Various types of automation used in manufacturing are fixed, programmable, and flexible automation. All these automation types help in reducing downtime, providing predictable maintenance, and improving decision making. Furthermore, the procurement of robots across various industries in North America experienced a substantial rise in Q1 of 2021. According to the Association for Advancing Automation, from Q1 of 2021, procurement of robotics was 86% higher by metal manufacturers; 72% higher by life sciences, pharmaceuticals, and biomed manufacturers; 32% higher by food and consumer goods manufacturers; and 12% higher by other nonautomotive manufacturers compared to Q1 of 2020 in North America. All these factors are contributing to the growth of the North America factory automation market.

Impact of COVID-19 Pandemic on North America Factory Automation Market

The COVID-19 outbreak negatively impacted the factory automation market across North America in the first quarter of 2020, owing to the imposition of social distancing norms, temporary closure of manufacturing facilities, and other stringent government regulations to combat the rapid spread of the virus infection. The North America factory automation market experienced a dip of -6.55% owing to outbreak crisis. However, the region experienced a rise in demand for automated solutions from Q2 of 2020 as the government bodies eased restrictions and allowed manufacturing units to operate with low capacity. The rise in labor shortage and the requirement to adhere to the safety norms outlined by the regional government bodies positively influenced the demand for automated solutions across industries, including automotive, food & beverages, printing, manufacturing, and mining. Thus, this rise in demand for automated solutions across the region is aiding the market to revive from the negative impact of the COVID-19 outbreak. To continue production operations with minimum workforce even post COVID-19 crisis, companies are increasingly investing in automated technologies such as robots. According to the data published by Association for Advancing Automation (A3) in 2022, North America experienced a rise of 28% in the robot sales in 2021 compared to 2020. Hence, the growing adoption of automated solutions across the industries helps in the rapid revival of the North America factory automation market.
Frequently Asked Questions about the North American Factory Automation Market

What is the estimated value of the North American Factory Automation Market?

The North American Factory Automation Market was estimated to be valued at $46797.4 Million in 2022.

What is the growth rate of the North American Factory Automation Market?

The growth rate of the North American Factory Automation Market is 8.1%, with an estimated value of $74823.3 Million by 2028.

What is the forecasted size of the North American Factory Automation Market?

The North American Factory Automation Market is estimated to be worth $74823.3 Million by 2028.

Who are the key companies in the North American Factory Automation Market?

Key companies in the North American Factory Automation Market include ABB LTD., Emerson Electric Co., FANUC, General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Robert Bosch GmbH, Rockwell Automation, Inc. and Siemens AG.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Factory Automation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Competitive Benchmarking
4.6 Growth Matrix
5. Factory Automation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Factory Automation Across Automotive Industry
5.1.2 Increasing Number of Product Launches
5.2 Market Restraints
5.2.1 High Operating Cost for Small and Medium Manufacturing Companies
5.2.2 Cybersecurity Risks Through Cobots
5.3 Market Opportunities
5.3.1 Growing Collaborative Partnerships Between Companies
5.4 Future Trends
5.4.1 Automation in Mining Industry
5.5 Impact Analysis of Drivers and Restraints
6. Factory Automation - North America Market Analysis
6.1 Factory Automation Market Overview
6.2 Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Market Players Ranking
7. Factory Automation Market Analysis - By Component
7.1 Overview
7.2 Factory Automation Market, By Component (2021 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8. Factory Automation Market Analysis - By Hardware
8.1 Overview
8.2 Factory Automation Market, By Hardware (2021 and 2028)
8.3 Sensors
8.3.1 Overview
8.3.2 Sensors: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.4 Controllers
8.4.1 Overview
8.4.2 Controllers: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.5 Robots
8.5.1 Overview
8.5.2 Robots: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.6 Drives
8.6.1 Overview
8.6.2 Drives: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
9. Factory Automation Market Analysis - By Type
9.1 Overview
9.2 Factory Automation Market, By Type (2021 and 2028)
9.3 Programmable Automation
9.3.1 Overview
9.3.2 Programmable Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
9.4 Fixed Automation
9.4.1 Overview
9.4.2 Fixed Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
9.5 Flexible Automation
9.5.1 Overview
9.5.2 Flexible Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10. Factory Automation Market Analysis - By Technology
10.1 Overview
10.2 Factory Automation Market, By Technology (2021 and 2028)
10.3 PLC
10.3.1 Overview
10.3.2 PLC: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.4 DCS
10.4.1 Overview
10.4.2 DCS: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.5 SCADA
10.5.1 Overview
10.5.2 SCADA: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.6 HMI
10.6.1 Overview
10.6.2 HMI: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11. Factory Automation Market Analysis - By Industry Vertical
11.1 Overview
11.2 Factory Automation Market, By Industry Vertical (2021 and 2028)
11.3 Automotive
11.3.1 Overview
11.3.2 Automotive: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.4 Food and Beverage
11.4.1 Overview
11.4.2 Food and Beverage: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.5 Oil and Gas
11.5.1 Overview
11.5.2 Oil and Gas: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.6 Manufacturing
11.6.1 Overview
11.6.2 Manufacturing: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.7 Mining
11.7.1 Overview
11.7.2 Mining: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.8 Others
11.8.1 Overview
11.8.2 Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
12. Factory Automation Market - Geographic Analysis
12.1 Overview
12.1.1 North America: Factory Automation Market, by Key Country
12.1.1.1 US: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.1.1 US: Factory Automation Market, by Component
12.1.1.1.2 US: Factory Automation Market, by Hardware
12.1.1.1.3 US: Factory Automation Market, by Type
12.1.1.1.4 US: Factory Automation Market, by Technology
12.1.1.1.5 US: Factory Automation Market, by Industry Vertical
12.1.1.2 Canada: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.2.1 Canada: Factory Automation Market, by Component
12.1.1.2.2 Canada: Factory Automation Market, by Hardware
12.1.1.2.3 Canada: Factory Automation Market, by Type
12.1.1.2.4 Canada: Factory Automation Market, by Technology
12.1.1.2.5 Canada: Factory Automation Market, by Industry vertical
12.1.1.3 Mexico: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.3.1 Mexico: Factory Automation Market, by Component
12.1.1.3.2 Mexico: Factory Automation Market, by Hardware
12.1.1.3.3 Canada: Factory Automation Market, by Type
12.1.1.3.4 Canada: Factory Automation Market, by Technology
12.1.1.3.5 Canada: Factory Automation Market, by Industry vertical
13. North America Factory Automation Market - COVID-19 Impact Analysis
13.1 North America: Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Merger and Acquisition
14.4 New Product Launch
15. Company Profiles
15.1 ABB Ltd
15.1.1 1.Key Facts
15.1.2 .Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Emerson Electric Co.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Fanuc Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 General Electric Company
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Mitsubishi Electric Corporation
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Honeywell International Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 OMRON Corporation
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Rockwell Automation, Inc.
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Siemens AG
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Bosch Rexroth AG
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About the Publisher
16.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB LTD.
  • Emerson Electric Co.
  • FANUC
  • General Electric Company
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Omron Corporation
  • Robert Bosch GmbH
  • Rockwell Automation, Inc.
  • Siemens AG