Automation Instrumentation Market

Automation Instrumentation Market by Types (Robots, Information Technology, Numerically Controlled Equipment, Computer-aided Manufacturing, Computer Integrated Manufacturing, and Flexible Manufacturing Systems), Techniques (Operating System, Programmable, Network Instrumentation, and Processor), End-users (Discrete Industries and Process Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3633
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 215
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The global automation instrumentation market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rapid industrialization across the globe.

Automation Instrumentation Market Key Takeaways

Automation and instrumentation are two fundamental aspects of modern industry making it more qualitative and efficient. Automation is refereed as the use of computers and automated machinery for efficient and smooth task execution. Based on output, automation can be broadly divided into three types, which are flexible or job automation, mass or flow, and batch. Instrumentation refers to the machines used for the purpose of monitor, observation, control, and measurement. Instrumentation includes both measuring and controlling functions. Automation and instrumentation accompaniment each other as instruments are to be used for automation purposes. This also provides communication between automation equipment and robotics. Automation instrumentation offer various benefits to the business, such as improved workplace safety, reduced labor cost, and better product and process consistency.

The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, the emergency lockdown imposed by government bodies across the globe resulted in decline in demand and supply chain disruption. Additionally, many manufacturing plants limited their production and some plants halted their operations, which hampered the market. The market is expected to recover soon with an uptrend operation as lockdown is gradually lifted in many regions and manufacturing plants are resuming their operations with limited workforce die to subsiding COVID cases.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing focus of manufacturing firms on improved efficiency and reduced cost is one of the key factors driving the market growth.
  • Increasing labor cost across several industry verticals is projected to boost the market during the forecast period.
  • High implementation and set-up cost associated with automation instrumentation acts as a major challenge that can restrict the market growth in the coming years.
  • Rising concern regarding lack of product differentiation is expected to hamper the market growth during the projected timeline.
  • Surging adoption of industry 4.0 by manufacturing plants is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global automation instrumentation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automation Instrumentation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Robots, Information Technology, Numerically Controlled Equipment, Computer-aided Manufacturing, Computer Integrated Manufacturing, and Flexible Manufacturing Systems), Techniques (Operating System, Programmable, Network Instrumentation, and Processor), and End-users (Discrete Industries and Process Industries)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BB Ltd.; Emerson Electric Co.; Siemens AG; Honeywell International Inc.; Rockwell Automation, Inc.; Yokogawa Electric Corp.; and Mitsubishi Electrical Corp.

Market Segment Insights

Computer-aided manufacturing segment to register a high CAGR

On the basis of types, the market is fragmented into robots, information technology, numerically controlled equipment, computer-aided manufacturing, computer integrated manufacturing, and flexible manufacturing systems. The computer-aided manufacturing segment is projected to register at high CAGR in the projected timeline attributed to benefits offered by it, such as high manufacturing speed, greater reliability, accuracy, and efficiency. However, the flexible manufacturing systems segment is anticipated to register a substantial CAGR during the forecast period owing to improved machine efficiency, lower operational cost, and enhanced product quality.

Automation Instrumentation Market By Types

High accuracy drives the network instrumentation segment

Based on techniques, the global automation instrumentation market is divided into operating system, programmable, network instrumentation, and processor. The network instrumentation segment is estimated to expand at robust growth rate during the forecast period due to high accuracy, improved reliability, and industrial communication. However, the operating system segment is anticipated to expand at a substantial CAGR during the forecast period owing to it provides interface for automation, testing, and manufacturing process.

Automation Instrumentation Market By Techniques

Discrete industries segment to grow at rapid pace

 On the basis of end-users, the market is bifurcated into discrete industries and process industries. The process industries segment is expected to grow at a rapid pace during the forecast period due to improved workplace safety, reduced manual cost, and increased labor productivity. Furthermore, these industries requires advanced simulation and control for various challenging operations, which is driving the segment growth further.

North America to constitute a key market share

In terms of region, the global automation instrumentation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the advance technological development and surging R&D facilities in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to rising demand of automation instrumentation from food & beverage, oil & gas, and pharmaceutical industry.

Segments

Segments Covered in the Report
The global automation instrumentation market has been segmented on the basis of

Types
  • Robots
  • Information Technology
  • Numerically Controlled Equipment
  • Computer-aided Manufacturing
  • Computer Integrated Manufacturing
  • Flexible Manufacturing Systems
Techniques
  • Operating System
  • Programmable
  • Network Instrumentation
  • Processor
End-users
  • Discrete Industries
  • Process Industries
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BB Ltd.
  • Emerson Electric Co.
  • Siemens AG
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Yokogawa Electric Corp.
  • Mitsubishi Electrical Corp.

Competitive Landscape

Key players competing in the global automation instrumentation market are BB Ltd.; Emerson Electric Co.; Siemens AG; Honeywell International Inc.; Rockwell Automation, Inc.; Yokogawa Electric Corp.; and Mitsubishi Electrical Corp. Companies are focusing on investments in R&D sector for development of efficient and superior equipment to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in September 2021, Siemens announced a launch of Sitars IQ, a innovative digitalization range aimed for targeted monitoring of acute measurement points to complete asset administration covering instrumentation for various plants. This solution meets all types of necessities, including condition monitoring of capital assets, apps for smart asset management, Bluetooth connectivity for field devices, smart inventory management, and remote monitoring. In June 2020, Emerson Electric Co. a US based manufacturing company launched ASCO Series 353 pulse valves. These valves are projected to help industry verticals in achieving convenient, effective, and efficient bag cleaning. These valves can also be used in diverse applications, such as power industries, agriculture, cement, pharmaceuticals, metals, mining, and rubber.

Automation Instrumentation Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automation Instrumentation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automation Instrumentation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automation Instrumentation Market - Supply Chain
  4.5. Global Automation Instrumentation Market Forecast
     4.5.1. Automation Instrumentation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automation Instrumentation Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automation Instrumentation Market Absolute $ Opportunity
5. Global Automation Instrumentation Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automation Instrumentation Market Size and Volume Forecast by Types
     5.3.1. Robots Information Technology Numerically Controlled Equipment Computer-aided Manufacturing Computer Integrated Manufacturing Flexible Manufacturing Systems
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automation Instrumentation Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Automation Instrumentation Market Size and Volume Forecast by End Users
     6.3.1. Discrete Industries Process Industries
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Automation Instrumentation Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Automation Instrumentation Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Automation Instrumentation Demand Share Forecast, 2019-2026
8. North America Automation Instrumentation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Automation Instrumentation Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Automation Instrumentation Market Size and Volume Forecast by Types
     8.4.1. Robots Information Technology Numerically Controlled Equipment Computer-aided Manufacturing Computer Integrated Manufacturing Flexible Manufacturing Systems
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Automation Instrumentation Market Size and Volume Forecast by End Users
     8.7.1. Discrete Industries Process Industries
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Automation Instrumentation Demand Share Forecast, 2019-2026
9. Latin America Automation Instrumentation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Automation Instrumentation Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Automation Instrumentation Market Size and Volume Forecast by Types
     9.4.1. Robots Information Technology Numerically Controlled Equipment Computer-aided Manufacturing Computer Integrated Manufacturing Flexible Manufacturing Systems
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Automation Instrumentation Market Size and Volume Forecast by End Users
     9.7.1. Discrete Industries Process Industries
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Automation Instrumentation Demand Share Forecast, 2019-2026
10. Europe Automation Instrumentation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Automation Instrumentation Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Automation Instrumentation Market Size and Volume Forecast by Types
     10.4.1. Robots Information Technology Numerically Controlled Equipment Computer-aided Manufacturing Computer Integrated Manufacturing Flexible Manufacturing Systems
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Automation Instrumentation Market Size and Volume Forecast by End Users
     10.7.1. Discrete Industries Process Industries
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Automation Instrumentation Demand Share Forecast, 2019-2026
11. Asia Pacific Automation Instrumentation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Automation Instrumentation Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Automation Instrumentation Market Size and Volume Forecast by Types
     11.4.1. Robots Information Technology Numerically Controlled Equipment Computer-aided Manufacturing Computer Integrated Manufacturing Flexible Manufacturing Systems
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Automation Instrumentation Market Size and Volume Forecast by End Users
     11.7.1. Discrete Industries Process Industries
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Automation Instrumentation Demand Share Forecast, 2019-2026
12. Middle East & Africa Automation Instrumentation Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Automation Instrumentation Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Automation Instrumentation Market Size and Volume Forecast by Types
     12.4.1. Robots Information Technology Numerically Controlled Equipment Computer-aided Manufacturing Computer Integrated Manufacturing Flexible Manufacturing Systems
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Automation Instrumentation Market Size and Volume Forecast by End Users
     12.7.1. Discrete Industries Process Industries
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Automation Instrumentation Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Automation Instrumentation Market: Market Share Analysis
  13.2. Automation Instrumentation Distributors and Customers
  13.3. Automation Instrumentation Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BB Ltd. Emerson Electric Co. Siemens AG Honeywell International Inc. Rockwell Automation, Inc. Yokogawa Electric Corp.  
Segments Covered in the Report
The global automation instrumentation market has been segmented on the basis of

Types
  • Robots
  • Information Technology
  • Numerically Controlled Equipment
  • Computer-aided Manufacturing
  • Computer Integrated Manufacturing
  • Flexible Manufacturing Systems
Techniques
  • Operating System
  • Programmable
  • Network Instrumentation
  • Processor
End-users
  • Discrete Industries
  • Process Industries
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BB Ltd.
  • Emerson Electric Co.
  • Siemens AG
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Yokogawa Electric Corp.
  • Mitsubishi Electrical Corp.

Key players competing in the global automation instrumentation market are BB Ltd.; Emerson Electric Co.; Siemens AG; Honeywell International Inc.; Rockwell Automation, Inc.; Yokogawa Electric Corp.; and Mitsubishi Electrical Corp. Companies are focusing on investments in R&D sector for development of efficient and superior equipment to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in September 2021, Siemens announced a launch of Sitars IQ, a innovative digitalization range aimed for targeted monitoring of acute measurement points to complete asset administration covering instrumentation for various plants. This solution meets all types of necessities, including condition monitoring of capital assets, apps for smart asset management, Bluetooth connectivity for field devices, smart inventory management, and remote monitoring. In June 2020, Emerson Electric Co. a US based manufacturing company launched ASCO Series 353 pulse valves. These valves are projected to help industry verticals in achieving convenient, effective, and efficient bag cleaning. These valves can also be used in diverse applications, such as power industries, agriculture, cement, pharmaceuticals, metals, mining, and rubber.

Automation Instrumentation Market By Key Players

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