PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1447587
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1447587
Industrial Automation and Control Systems Market - By Solution (Enterprise level, Plant solution, Plant level control system), By Vertical & Forecast, 2024 - 2032
The Industrial Automation and Control Systems (IACS) Market is expected to record a CAGR of 9.5% between 2024-2032, propelled by the increasing adoption of Industrial Internet of Things (IIoT), cloud computing, and artificial intelligence (AI) technologies. According to Zipdo.co, by 2024, the process automation market is expected to reach $119.29 billion, with potential for significant growth as 37% of factory tasks are ripe for automation.These technologies enable seamless connectivity, data analytics, and real-time monitoring, empowering industries to optimize their processes, reduce downtime, and improve overall productivity.
Furthermore, the growing emphasis on industrial safety and regulatory compliance is prompting organizations to invest in advanced solutions, further propelling market growth.
The industrial automation and control systems (IACS) market is classified based on solution, vertical, and region.
The plant level control system solutions segment is expected to witness significant growth through 2032, owing to its utility in optimizing manufacturing processes, ensuring operational efficiency, and maintaining quality standards across industrial plants. By leveraging advanced control algorithms, predictive maintenance capabilities, and integration with enterprise systems, plant level control system solutions empower organizations to achieve higher levels of automation, agility, and responsiveness in their operations.
The automotive industry segment is anticipated to register decent traction till 2032, driven by the need to enhance production efficiency, ensure product quality, and meet evolving consumer demands. The automation solutions are also facilitating the transition to electric vehicles (EVs) and autonomous driving technologies. The integration of IACS enables manufacturers to streamline production processes, reduce time-to-market for new vehicle models, and adapt to dynamic trends swiftly.
Europe industrial automation and control systems (IACS) industry is expected to expand swiftly through 2032, fueled by the booming manufacturing industries, stringent regulatory standards, and the adoption of advanced automation technologies. Countries such as Germany, France, and the UK are at the forefront of industrial automation, with a strong focus on digitization, sustainability, and innovation. Additionally, government initiatives promoting industrial modernization and investments in smart manufacturing initiatives are further accelerating market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industrial automation and control systems market 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.2 Rapid transition toward Industry 4.0 and smart manufacturing
- 3.8.3 Growing demand for customization and flexibility
- 3.8.4 Emphasis on optimum resource utilization and improving efficiency
- 3.8.5 Surge in the integration of 5G networks
- 3.8.6 Industry pitfalls & challenges
- 3.8.7 High Initial Implementation costs
- 3.8.8 Complex Iintegration challenges
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share
- 4.3 Competitive analysis of major market players
- 4.4 Competitive positioning matrix
- 4.5 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Solutions 2018-2032 (USD Million)
- 5.1 Key trends, by solutions
- 5.2 Enterprise level
- 5.3 Plant solution
- 5.3.1 Human machine interface
- 5.3.2 Industrial robots
- 5.3.3 Control valves
- 5.3.4 Industrial sensors
- 5.3.5 Others
- 5.4 Plant level control system
- 5.4.1 DCS
- 5.4.2 PLC
- 5.4.3 SCADA
- 5.4.4 Others
Chapter 6 Market Estimates & Forecast, By Vertical 2018-2032 (USD Million)
- 6.1 Key trends, by vertical
- 6.2 Aerospace & defense
- 6.3 Automotive
- 6.4 Chemical
- 6.5 Energy & utilities
- 6.6 Food & beverages
- 6.7 Healthcare
- 6.8 Manufacturing
- 6.9 Mining & metal
- 6.10 Oil & gas
- 6.11 Transportation
- 6.12 Others
Chapter 7 Market Estimates & Forecast, By Region 2018-2032 (USD Million)
- 7.1 Key trends, by region
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 ABB Ltd
- 8.2 Emerson Electric Co
- 8.3 General Electric
- 8.4 Honeywell International, Inc.
- 8.5 Siemens AG
- 8.6 Rockwell Automation Inc.
- 8.7 Schnieder Electric
- 8.8 Kawasaki Heavy Industries, Ltd
- 8.9 Mitsubishi Electric Corporation
- 8.10 OMRON Corporation
- 8.11 Robert Bosch GmbH
- 8.12 Yokogawa Electric Corporation
