Industrial Automation Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component, System, and End User

List of Tables

The industrial automation market size was valued at US$ 171.23 billion in 2022 and is expected to reach US$ 322.67 billion by 2030; it is estimated to record a CAGR of 8.2% from 2022 to 2030.

Machine vision users and systems integrators have exploited better imaging, optics, illumination, and software for nearly 40 years. Even though machine vision is a somewhat mature technology, lower component, software, and engineering costs and increased simplicity of use and application expansion continue to drive machine vision acceptance across industries.

In 2021, due to the COVID-19 pandemic, manufacturers accelerated the deployment of machine vision technology for industrial automation to keep operations running as effectively as possible and keep up with the increasing demand as businesses scrambled to bolster digital infrastructure, supporting remote workers, further propelling the growth of the industrial automation market.

Additionally, logistics-related apps experienced a rise due to a surge in online purchase volumes. Imaging systems in retail distribution centers and automated warehouse storage and retrieval systems, and manufacturers of PPE-related items, such as face masks, face shields, protective garments, and respirators were among them. Other factors influencing the uptake of machine vision systems for industrial automation include predictive maintenance, packaging inspection, automated barcode reading, product and component assembly, defect reduction, and 3D vision inspection.

Moreover, the rise in investment by companies to develop new products through machine vision technology for industrial automation is further propelling the industrial automation market growth. For instance, in January 2022, the Khronos Group launched a new initiative with the European Machine Vision Alliance (EMVA) to produce an open, royalty-free API standard to regulate camera system runtimes in embedded, mobile, industrial, XR, automotive, and scientific industries. Thus, the rise in investments by companies is boosting the industrial automation market growth.

Europe is one of the early adopters of robotics systems across manufacturing facilities. Furthermore, the ongoing developments in IoT-based technologies are rising the adoption of robots, propelling the growth of the industrial automation market in the region. The European Commission (EC) is primarily focusing on R&D funding in automation to boost the competitiveness of its manufacturing sector and continue dominance in global technological leadership. EC sanctioned a budget of US$ 780 million for R&D in robotics and other technologies, such as AI and Cobots, from 2018 to 2020.

The automotive sector invests extensively in new production capabilities and the industry 4.0 infrastructure. The automotive sector is a leading end-use industry for robotic applications, accounting for half of the robot shipments in Europe, fueling the growth of the industrial automation market. Automotive assembly automation involves streamlining repetitive processes, such as material handling, welding, and assembling auto body components. Automotive manufacturers can save on rework and labor costs and improve quality and repeatability with vision, robotics, and software integration. Europe is home to many prominent car manufacturers, including BMW, Volkswagen, Renault, and Peugeot. Thus, the robust automotive industry is boosting the adoption of automated solutions in the region, which is driving the growth of the industrial automation market.

France is a technologically advanced country and is the third-largest economy in Europe, after Germany and the United Kingdom. France is one of the major markets for packaging robots in the region due to its robust manufacturing industry and is renowned among the technologically advanced countries in the world. Material handling is one of the major applications employing industrial robots for pick & place, palletizing and packaging. France is making significant developments in industrial IoT and other automation technologies for more productive and advanced manufacturing sector. Food & beverage, aerospace, metals & machinery are some of the major manufacturing sectors that are increasingly adopting robots for increased efficiency. The presence of automakers such as Peugeot and Renault in the region contributes to the demand for automated solutions, further fueling the growth of the industrial automation market.

ABB Ltd.; Bosch Rexroth AG; Emerson Electric Co.; Hitachi Ltd.; Honeywell International, Inc.; Mitsubishi Electric Corporation; Omron Corporation; Rockwell Automation, Inc.; Schneider Electric SE; and Siemens AG are among the key industrial automation market players profiled in the report. Several other major industrial automation market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The industrial automation market report provides detailed market insights, which helps the key players strategize their growth.

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Product Code: TIPRE00025985

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Industrial Automation Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain:

5. Industrial Automation Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Rising Uptake of Automation across Food & Beverage Industry
- 5.1.2 Increase in Machine Vision Systems Adoption for Industrial Automation
5.2 Market Restraints
- 5.2.1 Requirement of High Initial Investment
5.3 Market Opportunities
- 5.3.1 Integration of Robotics in the Construction Industry
5.4 Future Trends
- 5.4.1 Surging Demand for Automation in the E-commerce Industry
5.5 Impact of Drivers and Restraints:

6. Industrial Automation Market - Global Market Analysis

6.1 Industrial Automation Market Overview
6.2 Industrial Automation Market Revenue (US$ Billion), 2022 - 2030
6.3 Industrial Automation Market Forecast and Analysis

7. Industrial Automation Market Analysis - Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware Market Revenue and Forecasts To 2030 (US$ Billion)
- 7.1.3 Motors and Drives
  - 7.1.3.1 Overview
- 7.1.4 Robots
  - 7.1.4.1 Overview
- 7.1.5 Sensors
  - 7.1.5.1 Overview
- 7.1.6 Machine Vision Systems
  - 7.1.6.1 Overview
- 7.1.7 Others
  - 7.1.7.1 Overview
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software Market Revenue and Forecasts To 2030 (US$ Billion)

8. Industrial Automation Market Analysis - System

8.1 Supervisory Control and Data Acquisition
- 8.1.1 Overview
- 8.1.2 Supervisory Control and Data Acquisition Market Revenue and Forecasts To 2030 (US$ Billion)
8.2 Distributed Control System
- 8.2.1 Overview
- 8.2.2 Distributed Control System Market Revenue and Forecasts To 2030 (US$ Billion)
8.3 Programmable Logic Control
- 8.3.1 Overview
- 8.3.2 Programmable Logic Control Market Revenue and Forecasts To 2030 (US$ Billion)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Revenue and Forecasts To 2030 (US$ Billion)

9. Industrial Automation Market Analysis - End User

9.1 Automotive
- 9.1.1 Overview
- 9.1.2 Automotive Market Revenue and Forecasts To 2030 (US$ Billion)
9.2 Oil and Gas
- 9.2.1 Overview
- 9.2.2 Oil and Gas Market Revenue and Forecasts To 2030 (US$ Billion)
9.3 Food and Beverage
- 9.3.1 Overview
- 9.3.2 Food and Beverage Market Revenue and Forecasts To 2030 (US$ Billion)
9.4 Chemicals and Materials
- 9.4.1 Overview
- 9.4.2 Chemicals and Materials Market Revenue and Forecasts To 2030 (US$ Billion)
9.5 Aerospace and Defense
- 9.5.1 Overview
- 9.5.2 Aerospace and Defense Market Revenue and Forecasts To 2030 (US$ Billion)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue and Forecasts To 2030 (US$ Billion)

10. Industrial Automation Market - Geographical Analysis

10.1 North America
- 10.1.1 North America Industrial Automation Market Overview
- 10.1.2 North America Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.3 North America Industrial Automation Market Breakdown by Component
  - 10.1.3.1 North America Industrial Automation Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
- 10.1.4 North America Industrial Automation Market Breakdown by System
  - 10.1.4.1 North America Industrial Automation Market Revenue and Forecasts To 2030 (US$ Mn) - By System
- 10.1.5 North America Industrial Automation Market Breakdown by End User
  - 10.1.5.1 North America Industrial Automation Market Revenue and Forecasts To 2030 (US$ Mn) - By End User
- 10.1.6 North America Industrial Automation Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.6.1 US Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.1.1 US Industrial Automation Market Breakdown by Component
    - 10.1.6.1.2 US Industrial Automation Market Breakdown by System
    - 10.1.6.1.3 US Industrial Automation Market Breakdown by End User
  - 10.1.6.2 Canada Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.2.1 Canada Industrial Automation Market Breakdown by Component
    - 10.1.6.2.2 Canada Industrial Automation Market Breakdown by System
    - 10.1.6.2.3 Canada Industrial Automation Market Breakdown by End User
  - 10.1.6.3 Mexico Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.3.1 Mexico Industrial Automation Market Breakdown by Component
    - 10.1.6.3.2 Mexico Industrial Automation Market Breakdown by System
    - 10.1.6.3.3 Mexico Industrial Automation Market Breakdown by End User
10.2 Europe
- 10.2.1 Europe Industrial Automation Market Overview
- 10.2.2 Europe Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.3 Europe Industrial Automation Market Breakdown by Component
  - 10.2.3.1 Europe Industrial Automation Market Revenue and Forecasts and Analysis - By Component
- 10.2.4 Europe Industrial Automation Market Breakdown by System
  - 10.2.4.1 Europe Industrial Automation Market Revenue and Forecasts and Analysis - By System
- 10.2.5 Europe Industrial Automation Market Breakdown by End User
  - 10.2.5.1 Europe Industrial Automation Market Revenue and Forecasts and Analysis - By End User
- 10.2.6 Europe Industrial Automation Market Revenue and Forecasts and Analysis - By Countries
  - 10.2.6.1 France Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.1.1 France Industrial Automation Market Breakdown by Component
    - 10.2.6.1.2 France Industrial Automation Market Breakdown by System
    - 10.2.6.1.3 France Industrial Automation Market Breakdown by End User
  - 10.2.6.2 Germany Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.2.1 Germany Industrial Automation Market Breakdown by Component
    - 10.2.6.2.2 Germany Industrial Automation Market Breakdown by System
    - 10.2.6.2.3 Germany Industrial Automation Market Breakdown by End User
  - 10.2.6.3 UK Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.3.1 UK Industrial Automation Market Breakdown by Component
    - 10.2.6.3.2 UK Industrial Automation Market Breakdown by System
    - 10.2.6.3.3 UK Industrial Automation Market Breakdown by End User
  - 10.2.6.4 Italy Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.4.1 Italy Industrial Automation Market Breakdown by Component
    - 10.2.6.4.2 Italy Industrial Automation Market Breakdown by System
    - 10.2.6.4.3 Italy Industrial Automation Market Breakdown by End User
  - 10.2.6.5 Russia Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.5.1 Russia Industrial Automation Market Breakdown by Component
    - 10.2.6.5.2 Russia Industrial Automation Market Breakdown by System
    - 10.2.6.5.3 Russia Industrial Automation Market Breakdown by End User
  - 10.2.6.6 Rest of Europe Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.6.1 Rest of Europe Industrial Automation Market Breakdown by Component
    - 10.2.6.6.2 Rest of Europe Industrial Automation Market Breakdown by System
    - 10.2.6.6.3 Rest of Europe Industrial Automation Market Breakdown by End User
10.3 Asia Pacific Industrial Automation Market
- 10.3.1 Overview
- 10.3.2 Asia Pacific Industrial Automation Market Revenue and Forecasts To 2030 (US$ Billion)
- 10.3.3 Asia Pacific Industrial Automation Market Breakdown by Component
  - 10.3.3.1 Asia Pacific Industrial Automation Market Revenue and Forecasts and Analysis - By Component
- 10.3.4 Asia Pacific Industrial Automation Market Breakdown by System
  - 10.3.4.1 Asia Pacific Industrial Automation Market Revenue and Forecasts and Analysis - By System
- 10.3.5 Asia Pacific Industrial Automation Market Breakdown by End User
  - 10.3.5.1 Asia Pacific Industrial Automation Market Revenue and Forecasts and Analysis - By End User
- 10.3.6 Industrial Automation Market Breakdown by Countries
  - 10.3.6.1 Australia Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.1.1 Australia Industrial Automation Market Breakdown by Component
    - 10.3.6.1.2 Australia Industrial Automation Market Breakdown by System
    - 10.3.6.1.3 Australia Industrial Automation Market Breakdown by End User
  - 10.3.6.2 China Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.2.1 China Industrial Automation Market Breakdown by Component
    - 10.3.6.2.2 China Industrial Automation Market Breakdown by System
    - 10.3.6.2.3 China Industrial Automation Market Breakdown by End User
  - 10.3.6.3 India Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.3.1 India Industrial Automation Market Breakdown by Component
    - 10.3.6.3.2 India Industrial Automation Market Breakdown by System
    - 10.3.6.3.3 India Industrial Automation Market Breakdown by End User
  - 10.3.6.4 Japan Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.4.1 Japan Industrial Automation Market Breakdown by Component
    - 10.3.6.4.2 Japan Industrial Automation Market Breakdown by System
    - 10.3.6.4.3 Japan Industrial Automation Market Breakdown by End User
  - 10.3.6.5 South Korea Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.5.1 South Korea Industrial Automation Market Breakdown by Component
    - 10.3.6.5.2 South Korea Industrial Automation Market Breakdown by System
    - 10.3.6.5.3 South Korea Industrial Automation Market Breakdown by End User
  - 10.3.6.6 Rest of Asia Pacific Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.6.1 Rest of Asia Pacific Industrial Automation Market Breakdown by Component
    - 10.3.6.6.2 Rest of Asia Pacific Industrial Automation Market Breakdown by System
    - 10.3.6.6.3 Rest of Asia Pacific Industrial Automation Market Breakdown by End User
10.4 Middle East & Africa
- 10.4.1 Middle East & Africa Industrial Automation Market Overview
- 10.4.2 Middle East & Africa Industrial Automation Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.4.3 Middle East & Africa Industrial Automation Market Breakdown by Component
  - 10.4.3.1 Middle East & Africa Industrial Automation Market and Forecasts and Analysis - By Component
- 10.4.4 Middle East & Africa Industrial Automation Market Breakdown by System
  - 10.4.4.1 Middle East & Africa Industrial Automation Market and Forecasts and Analysis - By System
- 10.4.5 Middle East & Africa Industrial Automation Market Breakdown by End User
  - 10.4.5.1 Middle East & Africa Industrial Automation Market and Forecasts and Analysis - By End User
- 10.4.6 Middle East & Africa Industrial Automation Market Revenue and Forecasts and Analysis - By Countries
  - 10.4.6.1 South Africa Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.1.1 South Africa Industrial Automation Market Breakdown by Component
    - 10.4.6.1.2 South Africa Industrial Automation Market Breakdown by System
    - 10.4.6.1.3 South Africa Industrial Automation Market Breakdown by End User
  - 10.4.6.2 Saudi Arabia Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.2.1 Saudi Arabia Industrial Automation Market Breakdown by Component
    - 10.4.6.2.2 Saudi Arabia Industrial Automation Market Breakdown by System
    - 10.4.6.2.3 Saudi Arabia Industrial Automation Market Breakdown by End User
  - 10.4.6.3 UAE Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.3.1 UAE Industrial Automation Market Breakdown by Component
    - 10.4.6.3.2 UAE Industrial Automation Market Breakdown by System
    - 10.4.6.3.3 UAE Industrial Automation Market Breakdown by End User
  - 10.4.6.4 Rest of Middle East & Africa Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.4.1 Rest of Middle East & Africa Industrial Automation Market Breakdown by Component
    - 10.4.6.4.2 Rest of Middle East & Africa Industrial Automation Market Breakdown by System
    - 10.4.6.4.3 Rest of Middle East & Africa Industrial Automation Market Breakdown by End User
10.5 South & Central America
- 10.5.1 South & Central America Industrial Automation Market Overview
- 10.5.2 South & Central America Industrial Automation Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.5.3 South & Central America Industrial Automation Market Breakdown by Component
  - 10.5.3.1 South & Central America Industrial Automation Market and Forecasts and Analysis - By Component
- 10.5.4 South & Central America Industrial Automation Market Breakdown by System
  - 10.5.4.1 South & Central America Industrial Automation Market Revenue and Forecasts and Analysis - By System
- 10.5.5 South & Central America Industrial Automation Market Breakdown by End User
  - 10.5.5.1 South & Central America Industrial Automation Market Revenue and Forecasts and Analysis - By End User
- 10.5.6 South & Central America Industrial Automation Market Revenue and Forecasts and Analysis - By Countries
  - 10.5.6.1 Brazil Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.6.1.1 Brazil Industrial Automation Market Breakdown by Component
    - 10.5.6.1.2 Brazil Industrial Automation Market Breakdown by System
    - 10.5.6.1.3 Brazil Industrial Automation Market Breakdown by End User
  - 10.5.6.2 Argentina Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.6.2.1 Argentina Industrial Automation Market Breakdown by Component
    - 10.5.6.2.2 Argentina Industrial Automation Market Breakdown by System
    - 10.5.6.2.3 Argentina Industrial Automation Market Breakdown by End User
  - 10.5.6.3 Rest of South & Central America Industrial Automation Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.6.3.1 Rest of South & Central America Industrial Automation Market Breakdown by Component
    - 10.5.6.3.2 Rest of South & Central America Industrial Automation Market Breakdown by System
    - 10.5.6.3.3 Rest of South & Central America Industrial Automation Market Breakdown by End User

11. Industrial Automation Market - Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development

14. Company Profiles

14.1 ABB Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Bosch Rexroth AG
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Emerson Electric Co
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Hitachi Ltd
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Honeywell International Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Mitsubishi Electric Corp
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 OMRON Corp
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Rockwell Automation Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Schneider Electric SE
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Siemens AG
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 Word Index