PUBLISHER: TechSci Research | PRODUCT CODE: 1886422
PUBLISHER: TechSci Research | PRODUCT CODE: 1886422
We offer 8 hour analyst time for an additional research. Please contact us for the details.
The Global Automation Control Components Devices Market, valued at USD 52.55 Billion in 2024, is projected to experience a CAGR of 8.80% to reach USD 87.17 Billion by 2030. The global automation control components devices market encompasses a range of technologies, including sensors, actuators, controllers, human-machine interfaces, and industrial robots, which are integral to automating industrial processes across diverse sectors.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 52.55 Billion |
| Market Size 2030 | USD 87.17 Billion |
| CAGR 2025-2030 | 8.80% |
| Fastest Growing Segment | Oil & Gas |
| Largest Market | North America |
Key Market Drivers
The increasing demand for operational efficiency and productivity stands as a primary driver for the Global Automation Control Components Devices Market. Manufacturers across diverse sectors must optimize production processes, minimize waste, and enhance output to maintain competitiveness. Automation control components, including advanced sensors, actuators, and programmable logic controllers, are fundamental to achieving these objectives by enabling precise control, real-time monitoring, and accelerated production cycles.
Key Market Challenges
The substantial initial capital investment required for implementing comprehensive automation systems represents a significant impediment to the growth of the global automation control components devices market. This financial barrier is particularly pronounced for small and medium-sized enterprises, which frequently lack the extensive capital of larger corporations. The high upfront costs for acquiring advanced sensors, actuators, controllers, and industrial robots, coupled with integration expenses, deter many potential adopters. This reluctance among small and medium-sized enterprises to commit to such significant expenditures limits overall market expansion, as a considerable segment of the manufacturing base remains slow to embrace automation technologies.
Key Market Trends
The rise of collaborative robotics, or cobots, represents a significant trend reshaping the Global Automation Control Components Devices Market by enabling closer human-robot interaction and enhancing production flexibility. These robots are designed to work safely alongside human operators without extensive safety caging, making automation accessible for diverse tasks and environments. According to the International Federation of Robotics, cobots achieved a market share of 10.5% of industrial robots installed worldwide in 2023, reflecting their growing adoption.
In this report, the Global Automation Control Components Devices Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Automation Control Components Devices Market.
Global Automation Control Components Devices Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: