Industrial Automation Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC423

Introduction

Technology which allows the monotonous work done by humans in several industries to be replaced by machinery is known as industrial automation. This work includes computing or control units, several sensors, and actuators. Growing demand for consumable and non-consumable goods is encouraging businesses to adopt industrial automation to increase production yield and productivity in its business. Industrial automation mostly employs robotic equipment to complete the tedious work; for instance as logistic, assembling, and fabrication. This robotic equipment perform work on at a faster rate and with accuracy.

Market Dynamics

The industrial automation market is developing because of the increased use of robotics equipment in industrial works. Moreover, the companies are focusing on the short work time with accuracy thereby driving the market for industrial automation technology. However, the development of industrial automation technology increases unemployment rate in any country by replacing the humans by machines. This concept is somewhat hampering the growth of the industrial automation market. Moreover, most small and medium enterprises are unaware of the industrial automation concept which refrains them for adoption this technology into their business processes. Also, huge capital investment is required for setting up equipment needed for industrial automation as compared to conventional methods of manufacturing. The manufacturers of industrial automation have huge growth opportunity from the emerging economies such as India, China, Taiwan, Indonesia, and Brazil because of the increasing labor costs.

Market Classification and Overview

The market for industrial automation is segmented by component, end-use industry and geography. By component, the market is segmented into industrial networks, industrial robots, machine vision, control valves, control devices, field instruments, enclosures, and cables. The market for industrial automation was dominated by machine vision component and is also projected to register the highest growth in coming years owing to the rapid acceptance of machine vision technology for process control, automatic inspection, and robotic guidance across several end-use industries. The machine vision technology is likely to witness maximum growth in Asia-Pacific due to the rapid surge of industrial sector in India and China. Also, the presence of manufacturing plants of several key players in the region is expected to grow the demand towards China and India. Based on end-use industry, the market for industrial automation can be segmented into process and discrete industry. Oil & gas, chemicals, paper & pulp, mining & metals, food & beverages, petrochemicals, and electric power generation falls under process industry. Automotive & transportation, machine manufacturing, electrical & electronics, and aerospace & defense are the sub segments of discrete industry.

Based on region, the market for industrial automation is segmented into North America, Asia-Pacific, Europe, Middle East & Africa (MEA), and Latin America. Asia-Pacific is the largest and fastest growing region in industrial automation followed by Europe and North America. This is mainly due the increasing demand from food & beverages, mining & metals, petrochemicals, and chemicals industry in Asia-Pacific. China was analyzed to be the largest market for industrial automation whereas, India is projected to be the highest growing market for industrial automation in the region.

Report Coverage

Market

Global Industrial Automation Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Component, End Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

 

Market Participants

Key players operating in the global industrial automation market adopted strategies such as merger and acquisition, expansion, new product launches, and agreements to meet the growing demand from the end-use industries such as paper & pulp, mining & metals, and so on. industrial automation manufacturers are mainly focusing on new product launches to cater to the growing demand in the market. The key players such as GE, Toshiba International, Mitsubishi Heavy Industry, Schneider Electric, Yokogawa Electric, and Hitachi Group dominate the market space.

Market Segmentation

Market by Component

·         Industrial networks

·         Industrial robots

·         Machine vision

·         Control valves

·         Control devices

·         Field instruments

·         Enclosures

·         Cables

Market by End Use Industry

·         Process industry

o   Oil & gas

o   Chemicals

o   Paper & pulp

o   Mining & metals

o   Food & beverages

o   Petrochemicals

o   Electric power generation

·         Discrete industry

o   Automotive & transportation

o   Machine manufacturing

o   Electrical & electronics

o   Aerospace & defense

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Dump Truck Market (By Type: Rear dump trucks, Bottom dump trucks, Lube trucks, Tow trucks, Water trucks, Others; By Engine Capacity: 5Liter, 5L to 10L, More than 10 Liter; By End Use: Military, Construction, Infrastructure, Mining, Agriculture) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Dump Truck Market value is accounted over USD 41,259.8 Million by 2026 and is expected to grow at CAGR 9.1% during the forecast period, 2019-2026. Dump truck is also knows as dumper truck or tipper truck which mainly used to transporting dumps especially for construction. Such truck carries heavy loads and material such as sand, earth and gravel with parts for construction. The dumper typically carries its load or m

Automotive Electronic Control Unit Market (By Technology: Transmission control system, Engine management system, Anti-lock braking system, Climate control system, Power steering system, Airbag restraint system, Body control system; By Application: Utility vehicles, Passenger cars, Commercial vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026 Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit ma

Automotive Aluminum Market (By End Use: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars; By Application: Suspension, Powertrain, Body Structure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Automotive Aluminum market is expected to grow at noteworthy CAGR around 8.4 % throughout the forecast period and reach around US$ 62 billion by 2026. It offers great security and durability combined with increased fuel efficiency and decreased emissions as well as offers the most common metal

Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026. Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. Durin

Automotive Sun Visor Market (By Surface Material: Vinyl, Fabric; By Type: LCD Sun Visor, Conventional Type; By Vehicle Type: Commercial Vehicle, Passenger Vehicle, Electric Vehicle; By Sales Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Global automotive sun visor market size is accounted over USD 10 billion by 2026 and is expected to grow at CAGR 3.2% during the forecast period 2019 to 2026. Sun visors has become an important part of modern vehicles and they enhance the overall appearance of the vehicle interior. Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in p

Automotive Active Purge Pump Market (By Material Type: Metal, Non Metal; By Components: Dc Motor, Sensors, Actuator, Valves; By Manufacturing Process: Cutting, Vacuum Forming, Injection Molding; By Sales Channel: OEM’s, Aftermarket; By Vehicle Types: Passenger Vehicle, Commercial Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive active purge pump market size is expected to reach over USD 4.1 billion by 2026 and will grow at the CAGR of 67.3% from forecast period 2019-2026. An automotive active purge pump is an electrified solution to reduce hydrocarbon evaporative emissions from the vehicle. The automotive active purge pump actively extracts hydrocarbon-laden air from the emission canister that is use

Cart Summary