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Factory Automation Market by Component, Control and Safety System, Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 328 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743628
The global factory automation market was valued at $242.5 billion in 2021, and is projected to reach $558.8 billion by 2031, registering a CAGR of 8.67% from 2022 to 2031.

The use of technology and systems to automate a manufacturing process is known as "factory automation," with the ultimate objective being to boost output and cut costs. The degree of automation can range from partial automation of a specific task to complete automation with no human involvement. Any stage of the manufacturing process, including material quantity management, production & assembly, and finally packaging & shipping, can be automated in a factory. The benefits of factory automation are improved productivity, improved quality, improved consistency, reduced waste, cost saving, and safe working conditions.

Owing to the rising demand for automation for high-quality and dependable production, the factory automation market is anticipated to expand significantly over the course of the projected period. In addition, industry participants are concentrating on enhancing the manufacturing process efficiency to achieve low-cost and high-quality production outputs, which significantly fuel the factory automation market. The future of manufacturing industries is expected to be shaped by the increased use of industry 4.0 revolutions, which will standardize the procedures. One of the main constraints limiting the growth of the factory automation market is the lack of professionals, lack of security awareness, and high implementation costs for factory automation systems. The rise in automation demand in Asian nations such as China and Japan is anticipated to offer a lucrative opportunity during the forecast period.

The factory automation market is segmented on the basis of components, control & safety systems, industry verticals, and region. On the basis of components, the market is divided into sensors, controllers, switches and relays, industrial robots, drives, and others. By control & safety systems, the market is segmented into Distributed Control System(DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Systems Instrumented Systems (SIS), Programmable Logic Controller (PLC), and Human Machine Interface (HMI). On the basis of industry vertical, the market is divided into automotive manufacturing, food & beverage, oil & gas processing, mining, and others.

The key players that operate in the market include ABB Ltd, Danaher Industrial Ltd, Emerson Electric Co., General Electric, Honeywell International Inc., Mitsubishi, Electric Corporation, OMRON Corporation, Rockwell Automation Inc., Schneider Electric, Siemens AG, Yokogawa Electric Corporation.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the factory automation market analysis from 2021 to 2031 to identify the prevailing factory automation market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights buyers' and suppliers' potency to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the factory automation market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of regional and global factory automation market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Industry Verticals

  • Automotive Manufacturing
  • Food and Beverage
  • Oil and Gas Processing
  • Mining
  • Others

By Component

  • Sensors
  • Controllers
  • Switches and Relays
  • Industrial Robots
  • Drives
  • Others

By Control and Safety System

  • Distributed Control System (DCS)
  • Supervisory Control and Data Acquisition System (SCADA)
  • Manufacturing Execution System (MES)
  • Systems Instrumented System (SIS)
  • Programmable Logic Controller (PLC)
  • Human Machine Interface (HMI)

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Schneider Electric
  • Danaher
  • OMRON Corporation
  • Siemens AG
  • General Electric
  • Mitsubishi Electric Corporation
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Emerson Electric Co.
  • ABB Ltd
  • Yokogawa Electric Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand for automation for qualitative and reliable manufacturing
3.4.1.2. Growth in need for mass production with reduced operation cost
3.4.1.3. Surge in adoption of industry 4.0 and enabling technologies industries
3.4.2. Restraints
3.4.2.1. Limited availability of professionals and awareness regarding security
3.4.2.2. High implementation expenses for factory automation systems
3.4.3. Opportunities
3.4.3.1. Increase in demand for automation in Asian countries such as China and Japan
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: FACTORY AUTOMATION MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2. Sensors
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Controllers
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Switches and Relays
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Industrial Robots
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Drives
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7. Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country

CHAPTER 5: FACTORY AUTOMATION MARKET, BY CONTROL AND SAFETY SYSTEM
5.1 Overview
5.1.1 Market size and forecast
5.2. Distributed Control System (DCS)
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Supervisory Control and Data Acquisition System (SCADA)
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Manufacturing Execution System (MES)
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Systems Instrumented System (SIS)
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6. Programmable Logic Controller (PLC)
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
5.7. Human Machine Interface (HMI)
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market share analysis by country

CHAPTER 6: FACTORY AUTOMATION MARKET, BY INDUSTRY VERTICALS
6.1 Overview
6.1.1 Market size and forecast
6.2. Automotive Manufacturing
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Food and Beverage
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Oil and Gas Processing
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5. Mining
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6. Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country

CHAPTER 7: FACTORY AUTOMATION MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.3 North America Market size and forecast, by Control and Safety System
7.2.4 North America Market size and forecast, by Industry Verticals
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Component
7.2.5.1.3 Market size and forecast, by Control and Safety System
7.2.5.1.4 Market size and forecast, by Industry Verticals
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Component
7.2.5.2.3 Market size and forecast, by Control and Safety System
7.2.5.2.4 Market size and forecast, by Industry Verticals
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Component
7.2.5.3.3 Market size and forecast, by Control and Safety System
7.2.5.3.4 Market size and forecast, by Industry Verticals
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.3 Europe Market size and forecast, by Control and Safety System
7.3.4 Europe Market size and forecast, by Industry Verticals
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Component
7.3.5.1.3 Market size and forecast, by Control and Safety System
7.3.5.1.4 Market size and forecast, by Industry Verticals
7.3.5.2 UK
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Component
7.3.5.2.3 Market size and forecast, by Control and Safety System
7.3.5.2.4 Market size and forecast, by Industry Verticals
7.3.5.3 Italy
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Component
7.3.5.3.3 Market size and forecast, by Control and Safety System
7.3.5.3.4 Market size and forecast, by Industry Verticals
7.3.5.4 France
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Component
7.3.5.4.3 Market size and forecast, by Control and Safety System
7.3.5.4.4 Market size and forecast, by Industry Verticals
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Component
7.3.5.5.3 Market size and forecast, by Control and Safety System
7.3.5.5.4 Market size and forecast, by Industry Verticals
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.3 Asia-Pacific Market size and forecast, by Control and Safety System
7.4.4 Asia-Pacific Market size and forecast, by Industry Verticals
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Component
7.4.5.1.3 Market size and forecast, by Control and Safety System
7.4.5.1.4 Market size and forecast, by Industry Verticals
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Component
7.4.5.2.3 Market size and forecast, by Control and Safety System
7.4.5.2.4 Market size and forecast, by Industry Verticals
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Component
7.4.5.3.3 Market size and forecast, by Control and Safety System
7.4.5.3.4 Market size and forecast, by Industry Verticals
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Component
7.4.5.4.3 Market size and forecast, by Control and Safety System
7.4.5.4.4 Market size and forecast, by Industry Verticals
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Component
7.4.5.5.3 Market size and forecast, by Control and Safety System
7.4.5.5.4 Market size and forecast, by Industry Verticals
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.3 LAMEA Market size and forecast, by Control and Safety System
7.5.4 LAMEA Market size and forecast, by Industry Verticals
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Component
7.5.5.1.3 Market size and forecast, by Control and Safety System
7.5.5.1.4 Market size and forecast, by Industry Verticals
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Component
7.5.5.2.3 Market size and forecast, by Control and Safety System
7.5.5.2.4 Market size and forecast, by Industry Verticals
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Component
7.5.5.3.3 Market size and forecast, by Control and Safety System
7.5.5.3.4 Market size and forecast, by Industry Verticals

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.5. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1 Schneider Electric
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Danaher
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Mitsubishi Electric Corporation
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 OMRON Corporation
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Honeywell International Inc.
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Rockwell Automation Inc.
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Siemens AG
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Emerson Electric Co.
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 ABB Ltd
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 General Electric
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
9.11 Yokogawa Electric Corporation
9.11.1 Company overview
9.11.2 Key Executives
9.11.3 Company snapshot
9.11.4 Operating business segments
9.11.5 Product portfolio
9.11.6 Business performance
9.11.7 Key strategic moves and developments

List of Tables
Table 1. Global Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 2. Factory Automation Market for Sensors, by Region, 2021-2031 (Revenue, $Billion)
Table 3. Factory Automation Market for Controllers, by Region, 2021-2031 (Revenue, $Billion)
Table 4. Factory Automation Market for Switches and Relays, by Region, 2021-2031 (Revenue, $Billion)
Table 5. Factory Automation Market for Industrial Robots, by Region, 2021-2031 (Revenue, $Billion)
Table 6. Factory Automation Market for Drives, by Region, 2021-2031 (Revenue, $Billion)
Table 7. Factory Automation Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 8. Global Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 9. Factory Automation Market for Distributed Control System (Dcs), by Region, 2021-2031 (Revenue, $Billion)
Table 10. Factory Automation Market for Supervisory Control and Data Acquisition System (Scada), by Region, 2021-2031 (Revenue, $Billion)
Table 11. Factory Automation Market for Manufacturing Execution System (Mes), by Region, 2021-2031 (Revenue, $Billion)
Table 12. Factory Automation Market for Systems Instrumented System (Sis), by Region, 2021-2031 (Revenue, $Billion)
Table 13. Factory Automation Market for Programmable Logic Controller (Plc), by Region, 2021-2031 (Revenue, $Billion)
Table 14. Factory Automation Market for Human Machine Interface (Hmi), by Region, 2021-2031 (Revenue, $Billion)
Table 15. Global Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 16. Factory Automation Market for Automotive Manufacturing, by Region, 2021-2031 (Revenue, $Billion)
Table 17. Factory Automation Market for Food and Beverage, by Region, 2021-2031 (Revenue, $Billion)
Table 18. Factory Automation Market for Oil and Gas Processing, by Region, 2021-2031 (Revenue, $Billion)
Table 19. Factory Automation Market for Mining, by Region, 2021-2031 (Revenue, $Billion)
Table 20. Factory Automation Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 21. Factory Automation Market, by Region, 2021-2031 (Revenue, $Billion)
Table 22. North America Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 23. North America Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 24. North America Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 25. North America Factory Automation Market, by Country, 2021-2031 (Revenue, $Billion)
Table 26. U.S. Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 27. U.S. Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 28. U.S. Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 29. Canada Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 30. Canada Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 31. Canada Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 32. Mexico Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 33. Mexico Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 34. Mexico Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 35. Europe Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 36. Europe Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 37. Europe Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 38. Europe Factory Automation Market, by Country, 2021-2031 (Revenue, $Billion)
Table 39. Germany Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 40. Germany Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 41. Germany Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 42. UK Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 43. UK Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 44. UK Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 45. Italy Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 46. Italy Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 47. Italy Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 48. France Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 49. France Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 50. France Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 51. Rest of Europe Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 52. Rest of Europe Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 53. Rest of Europe Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 54. Asia-Pacific Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 55. Asia-Pacific Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 56. Asia-Pacific Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 57. Asia-Pacific Factory Automation Market, by Country, 2021-2031 (Revenue, $Billion)
Table 58. China Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 59. China Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 60. China Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 61. Japan Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 62. Japan Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 63. Japan Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 64. India Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 65. India Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 66. India Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 67. South Korea Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 68. South Korea Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 69. South Korea Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 70. Rest of Asia-Pacific Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 71. Rest of Asia-Pacific Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 72. Rest of Asia-Pacific Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 73. LAMEA Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 74. LAMEA Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 75. LAMEA Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 76. LAMEA Factory Automation Market, by Country, 2021-2031 (Revenue, $Billion)
Table 77. Latin America Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 78. Latin America Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 79. Latin America Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 80. Middle East Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 81. Middle East Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 82. Middle East Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 83. Africa Factory Automation Market, by Component, 2021-2031 (Revenue, $Billion)
Table 84. Africa Factory Automation Market, by Control and Safety System, 2021-2031 (Revenue, $Billion)
Table 85. Africa Factory Automation Market, by Industry Verticals, 2021-2031 (Revenue, $Billion)
Table 86. Schneider Electric: Key Executives
Table 86. Schneider Electric: Company Snapshot
Table 87. Schneider Electric: Operating Segments
Table 88. Schneider Electric: Product Portfolio
Table 89. Schneider Electric: Net Sales
Table 90. Schneider Electric: Key Stratergies
Table 92. Danaher: Key Executives
Table 92. Danaher: Company Snapshot
Table 93. Danaher: Operating Segments
Table 94. Danaher: Product Portfolio
Table 95. Danaher: Net Sales
Table 96. Danaher: Key Stratergies
Table 98. Mitsubishi Electric Corporation: Key Executives
Table 98. Mitsubishi Electric Corporation: Company Snapshot
Table 99. Mitsubishi Electric Corporation: Operating Segments
Table 100. Mitsubishi Electric Corporation: Product Portfolio
Table 101. Mitsubishi Electric Corporation: Net Sales
Table 102. Mitsubishi Electric Corporation: Key Stratergies
Table 104. Omron Corporation: Key Executives
Table 104. Omron Corporation: Company Snapshot
Table 105. Omron Corporation: Operating Segments
Table 106. Omron Corporation: Product Portfolio
Table 107. Omron Corporation: Net Sales
Table 108. Omron Corporation: Key Stratergies
Table 110. Honeywell International Inc.: Key Executives
Table 110. Honeywell International Inc.: Company Snapshot
Table 111. Honeywell International Inc.: Operating Segments
Table 112. Honeywell International Inc.: Product Portfolio
Table 113. Honeywell International Inc.: Net Sales
Table 114. Honeywell International Inc.: Key Stratergies
Table 116. Rockwell Automation Inc.: Key Executives
Table 116. Rockwell Automation Inc.: Company Snapshot
Table 117. Rockwell Automation Inc.: Operating Segments
Table 118. Rockwell Automation Inc.: Product Portfolio
Table 119. Rockwell Automation Inc.: Net Sales
Table 120. Rockwell Automation Inc.: Key Stratergies
Table 122. Siemens Ag: Key Executives
Table 122. Siemens Ag: Company Snapshot
Table 123. Siemens Ag: Operating Segments
Table 124. Siemens Ag: Product Portfolio
Table 125. Siemens Ag: Net Sales
Table 126. Siemens Ag: Key Stratergies
Table 128. Emerson Electric Co.: Key Executives
Table 128. Emerson Electric Co.: Company Snapshot
Table 129. Emerson Electric Co.: Operating Segments
Table 130. Emerson Electric Co.: Product Portfolio
Table 131. Emerson Electric Co.: Net Sales
Table 132. Emerson Electric Co.: Key Stratergies
Table 134. Abb Ltd: Key Executives
Table 134. Abb Ltd: Company Snapshot
Table 135. Abb Ltd: Operating Segments
Table 136. Abb Ltd: Product Portfolio
Table 137. Abb Ltd: Net Sales
Table 138. Abb Ltd: Key Stratergies
Table 140. General Electric: Key Executives
Table 140. General Electric: Company Snapshot
Table 141. General Electric: Operating Segments
Table 142. General Electric: Product Portfolio
Table 143. General Electric: Net Sales
Table 144. General Electric: Key Stratergies
Table 146. Yokogawa Electric Corporation: Key Executives
Table 146. Yokogawa Electric Corporation: Company Snapshot
Table 147. Yokogawa Electric Corporation: Operating Segments
Table 148. Yokogawa Electric Corporation: Product Portfolio
Table 149. Yokogawa Electric Corporation: Net Sales
Table 150. Yokogawa Electric Corporation: Key Stratergies

List of Figures
Figure 1. Segmentation of Factory Automation Market, 2021-2031
Figure 2. Factory Automation Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Factory Automation Market: Drivers, Restraints and Opportunities
Figure 10. Factory Automation Market, by Component, 2021 (%)
Figure 11. Comparative Share Analysis of Sensors Factory Automation Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Controllers Factory Automation Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Switches and Relays Factory Automation Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Industrial Robots Factory Automation Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Drives Factory Automation Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Others Factory Automation Market, 2021 and 2031 (%)
Figure 17. Factory Automation Market, by Control and Safety System, 2021 (%)
Figure 18. Comparative Share Analysis of Distributed Control System (Dcs) Factory Automation Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Supervisory Control and Data Acquisition System (Scada) Factory Automation Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Manufacturing Execution System (Mes) Factory Automation Market, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Systems Instrumented System (Sis) Factory Automation Market, 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Programmable Logic Controller (Plc) Factory Automation Market, 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of Human Machine Interface (Hmi) Factory Automation Market, 2021 and 2031 (%)
Figure 24. Factory Automation Market, by Industry Verticals, 2021 (%)
Figure 25. Comparative Share Analysis of Automotive Manufacturing Factory Automation Market, 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Food and Beverage Factory Automation Market, 2021 and 2031 (%)
Figure 27. Comparative Share Analysis of Oil and Gas Processing Factory Automation Market, 2021 and 2031 (%)
Figure 28. Comparative Share Analysis of Mining Factory Automation Market, 2021 and 2031 (%)
Figure 29. Comparative Share Analysis of Others Factory Automation Market, 2021 and 2031 (%)
Figure 30. Factory Automation Market by Region, 2021
Figure 31. U.S. Factory Automation Market, 2021-2031 ($Billion)
Figure 32. Canada Factory Automation Market, 2021-2031 ($Billion)
Figure 33. Mexico Factory Automation Market, 2021-2031 ($Billion)
Figure 34. Germany Factory Automation Market, 2021-2031 ($Billion)
Figure 35. Uk Factory Automation Market, 2021-2031 ($Billion)
Figure 36. Italy Factory Automation Market, 2021-2031 ($Billion)
Figure 37. France Factory Automation Market, 2021-2031 ($Billion)
Figure 38. Rest of Europe Factory Automation Market, 2021-2031 ($Billion)
Figure 39. China Factory Automation Market, 2021-2031 ($Billion)
Figure 40. Japan Factory Automation Market, 2021-2031 ($Billion)
Figure 41. India Factory Automation Market, 2021-2031 ($Billion)
Figure 42. South Korea Factory Automation Market, 2021-2031 ($Billion)
Figure 43. Rest of Asia-Pacific Factory Automation Market, 2021-2031 ($Billion)
Figure 44. Latin America Factory Automation Market, 2021-2031 ($Billion)
Figure 45. Middle East Factory Automation Market, 2021-2031 ($Billion)
Figure 46. Africa Factory Automation Market, 2021-2031 ($Billion)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Top Player Positioning, 2021
Figure 54. Schneider Electric.: Net Sales ($Billion)
Figure 55. Danaher.: Net Sales ($Billion)
Figure 56. Mitsubishi Electric Corporation.: Net Sales ($Billion)
Figure 57. Omron Corporation.: Net Sales ($Billion)
Figure 58. Honeywell International Inc..: Net Sales ($Billion)
Figure 59. Rockwell Automation Inc..: Net Sales ($Billion)
Figure 60. Siemens Ag.: Net Sales ($Billion)
Figure 61. Emerson Electric Co..: Net Sales ($Billion)
Figure 62. Abb Ltd.: Net Sales ($Billion)
Figure 63. General Electric.: Net Sales ($Billion)
Figure 64. Yokogawa Electric Corporation.: Net Sales ($Billion)

Executive Summary

According to the report titled, “Factory Automation Market," The factory automation market was valued at $242.51 billion in 2021, and is estimated to reach $558.8 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.

Automating entire production processes is referred to as factory automation. Automation frequently uses hydraulic systems, pneumatic systems, and robotic arms in production environments to build increasingly complicated systems. Automation can assist in enhancing outputs and efficiency while lowering costs in today's competitive environment. Additionally, it is made to significantly lower the risks that human operators may encounter when handling dangerous machinery.

Key factors driving the growth of the factory automation market include a rise in demand for Augmented Reality(AR) technology and government initiatives to promote factory automation during the forecast period. Governments all across the world are assisting in the growth of industries to ensure the comprehensive development of their nations. For the structural development of industries, this has resulted in the use of numerous automation and communication components and technologies. Governments are concentrating on the growth of discrete and process industries. For instance, the Singaporean government has collaborated with a number of organizations, including the Singapore Food Manufacturing Association (SFMA) and the Food Innovation Resource Centre, to implement the most up-to-date automation techniques in the food and beverage sector, including SCADA, PLC, DCS, robots, and cables. The growth of India's manufacturing industry is being fueled by the government's national manufacturing policy (NMP). Additionally, the Indian government has launched programs like the Make in India policy to encourage companies to implement automation in their manufacturing plants.

The market also offers growth opportunities to the key players in the market. Due to the adoption of Industry 4.0 principles in the manufacturing, oil and gas, food and beverage, chemical, and automotive industries, the market for industrial control and factory automation is expanding quickly. With the introduction of Industry 4.0, the majority of procedures and systems in the manufacturing industry are becoming automated, enabling production facilities to run continuously without any human error. This reduces the whole production cycle time while maintaining the standard of the processes from the stage of acquiring raw materials to the creation of finished goods. Automation systems like SCADA, HMI, DCS, and PLC can be used to operate and control machines installed in manufacturing facilities. Cloud computing, IoT, and cyber-physical systems all come together to form Industry 4.0. It helps the manufacturing sector by enabling remote manufacturing processes and smart real-time data collection. Operational effectiveness, productivity, product quality, asset utilization, supply chain management, workplace safety, and environmental sustainability can all be improved due to Industry 4.0. Therefore, it is anticipated that during the forecast period, market participants will benefit greatly from the implementation of Industry 4.0 principles for automation in a variety of industries.

The industrial robots segment was the highest contributor to the market in 2021, whereas the Distributed Control System (DCS) and Supervisory Control and Data Acquisition System (SCADA) segments collectively accounted for a notable market share in 2021. The automotive manufacturing segment was the highest revenue contributor in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with industrial automation experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

KEY FINDINGS OF THE STUDY

In 2021, the industrial robots segment accounted for maximum revenue and is projected to grow at a notable CAGR of 7.21% during the forecast period.

The Supervisory Control And Data Acquisition System (SCADA) segment was the highest revenue contributor to the market in 2021.

The automotive manufacturing and oil and gas processing segments collectively accounted for around 52.4% market share in 2021.

The key players profiled in the report include ABB Ltd, Danaher Industrial Ltd, Emerson Electric Co., General Electric, Honeywell International Inc., Mitsubishi, Electric Corporation, OMRON Corporation, Rockwell Automation Inc., Schneider Electric, Siemens AG and Yokogawa Electric Corporation. Market players have adopted various strategies such as product launch, collaboration, partnership, joint venture, and acquisition to expand their foothold in the factory automation market

Companies Mentioned

  • Schneider Electric
  • Danaher
  • OMRON Corporation
  • Siemens AG
  • General Electric
  • Mitsubishi Electric Corporation
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Emerson Electric Co.
  • ABB Ltd
  • Yokogawa Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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