Industrial automation is the use of control systems, machines, and advanced technologies such as robotics, sensors, programmable logic controllers (PLCs), and artificial intelligence to operate and monitor industrial processes with minimal human intervention. It enables real-time control, data collection, and optimization of manufacturing and production systems. The primary purpose of industrial automation is to increase productivity, efficiency, and precision while reducing human error, operational costs, and downtime.
The global industrial automation market reached a value of nearly $198,434.68 million in 2024, having grown at a compound annual growth rate (CAGR) of 6.12% since 2019. The market is expected to grow from $198,434.68 million in 2024 to $305,498.60 million in 2029 at a rate of 9.01%. The market is then expected to grow at a CAGR of 8.79% from 2029 and reach $465,611.57 million in 2034.
Increasing Adoption Of Robotics
During the historic period, the industrial automation market was mainly driven by the increasing adoption of robotics. The integration of robots in manufacturing and industrial operations significantly enhanced productivity, improved precision, and reduced dependency on human labor. This trend was further supported by the growing need for efficiency, consistency, and safety in production environments, particularly in sectors such as automotive, electronics, and metal industries. For instance, in October 2022, the International Federation of Robotics (IFR), a global organization responsible for compiling and publishing data on worldwide robot installations and usage trends, released the World Robotics Report 2022 highlighting record-breaking growth in the deployment of industrial robots. The report revealed that global industrial robot installations reached 517,385 units in 2021, marking a 31% increase from the previous year, while the total operational stock surpassed 3.5 million units worldwide. These findings underscored the accelerating global shift toward automation as companies sought to enhance production efficiency, quality, and scalability. Therefore, the industrial automation market was mainly driven by the increasing adoption of robotics during the historic period.
Deployment Of AI-Enabled 3D Robotic Picking Solutions To Improve Intralogistics Efficiency
Major companies in the industrial automation market are focusing on the deployment of AI-enabled 3D robotic picking solutions designed to enhance flexibility, speed, and accuracy in intralogistics and warehouse operations. These innovations focus on enabling robots to identify and pick a wide range of items with varying shapes and sizes, reducing manual effort and improving operational efficiency across logistics and e-commerce sectors. For instance, in March 2025, Siemens AG, a Germany-based industrial technology leader, launched the SIMATIC Robot Pick AI Pro, an advanced deep-learning vision software designed to empower robots with adaptive 3D recognition and real-time object detection. The solution enables autonomous gripping of unknown objects within milliseconds, offering high precision and reliability for complex warehouse environments. By utilizing software-defined automation and integration with the Siemens Xcelerator platform, the company aims to deliver intelligent, scalable, and data-driven robotic systems that transform intralogistics operations and support the growing demand for smart automation solutions.
The global industrial automation market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 25.10% of the total market in 2024.
Industrial Automation Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global industrial automation market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for industrial automation? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The industrial automation market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider industrial automation market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by control system and by industry.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component, by control system and by industry in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for industrial automation providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Component: Industrial Robots; Human Machine Interface (HMI); Industrial Sensors; Control Valves; Other Components
- 2) By Control System: Supervisory Control And Data Acquisition (SCADA); Programmable Logic Controller (PLC); Distributed Control System (DCS); Manufacturing Execution System (MES); Product Lifecycle Management (PLM); Enterprise Resource Planning (ERP); Other Control Systems
- 3) By Industry: Aerospace And Defense; Automotive; Healthcare; Energy And Utilities; Food And Beverages; Oil And Gas; Mining; Transportation; Pulp And Paper; Process Industries; Other Industries
- Companies Mentioned: Siemens AG; Schneider Electric SE; ABB Group; Rockwell Automation Inc.; Emerson Electric Co.
- Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; industrial automation indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.