Global Industrial Control & Factory Automation Market By Components (Industrial Sensors, Industrial Robots, Machine Vision, Control Valves, Industrial PC, Control Devices, Field Instruments, Industrial 3D Printing, and Human-machine Interface), Solutions (Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Plant Asset Management (PAM), and Functional Safety), Industries (Process Industries [Oil & Gas, Chemicals, Pharmaceuticals, Energy & Power, Metals & Mining, Pulp & Paper, Food & Beverages, and Others] and Discrete Industries [Automotive, Aerospace & Defense, Semiconductor & Electronics, Machine Manufacturing, Medical Devices, and Others]), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa), Forecast 2021 – 2028

The global industrial control & factory automation market size was valued USD 123 billion in 2020 and is expected to reach USD 231 billion by 2028, expanding at a CAGR of 4% during the forecast period, 2021-2028. The use of control systems, such as computers or robots, and information technology to handle various processes and machineries in an industry to replace a human being is known as industrial automation. It is the next phase in the process of industrialization after mechanization. Using closed-loop control approaches, industrial processes use automation technology to automatically change process variables to set or desired levels. By replacing humans with automated machinery in hazardous working environments, industrial automation enhances employee safety. Automation allows to retain your process in-house, enhance process control, and cut lead times considerably.

Market Trends, Drivers, Restraints, and Opportunities:

• Rising demand for safety compliance automation solutions, increased government efforts for industrial automation in various industries, and the increased use of enabling technologies in manufacturing are major factors fueling the market growth.
• High initial costs, lack of technical competence, and rising cyber risks are just a few of the factors that can hinder the market.
• Rising demand for smart manufacturing infrastructure is expected to create opportunities for the market.

Scope of the report:

The report on the global industrial control & factory automation market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Global Industrial Control and Factory Automation Market Segment Insights:

3D printing segment expected to grow at a significant rate

Based on the components, the global industrial control & factory automation market can be segmented into industrial sensors, industrial robots, machine vision, control valves, industrial pc, control devices, field instruments, industrial 3D printing, and human-machine interface. The industrial 3D printing segment is anticipated to develop at the substantial rate. The rising usage in industries such as automotive, aerospace & military, food & beverages, and semiconductor & electronics is expected to spur the segment growth. 3D printing technology is widely utilized in the food and beverage sector to create molds for various foods such as chocolates, hard candies, and cakes.

PAM segment is expected to grow at a substantial rate

On the basis of solutions, the global industrial control & factory automation market can be divided into distributed control system (DCS), supervisory control and data acquisition (SCADA), programmable logic controller (PLC), manufacturing execution system (MES), product life cycle management (PLM), plant asset management (PAM), and functional safety. The PAM segment is predicted to expand at the significant rate. The rising deployment of PAM systems in process and discrete sectors to develop a complete data repository linked to diverse equipment deployed in these facilities, from uptime performance to life cycle cost evaluation, attributed to the rise of this industry.

Process industries segment is expected to hold a significant market share

In terms of industries, the global industrial control & factory automation market can be segregated into process industries and discrete industries. The process industries segment can be further divided into oil & gas, chemicals, pharmaceuticals, energy & power, metals & mining, pulp & paper, food & beverages, others. The discrete industries can be further segmented into automotive, aerospace & defense, semiconductor & electronics, machine manufacturing, medical devices, and others. The oil & gas industry uses industrial control and factory automation systems to remotely monitor facilities and get insight into daily inventory and equipment status. Remote monitoring can help compensate for the lack of experienced workers needed to collect data from equipment. It also enhances the overall safety and efficiency of industrial workers by lowering the risk to their lives.

Asia Pacific dominates the global market

Based on regions, the global industrial control & factory automation market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to account a major market share due to rising use of automation technologies across industrial sectors in China and India. High labor rates and the existence of a significant number of automobile manufacturing facilities, factory automation is expanding in China and India. Growing populations, improving living standards, and emerging economies have all contributed to increased energy consumption in region.

Segments

Segments Covered in the Report:
By Components

• Industrial Sensors
• Industrial Robots
• Machine Vision
• Control valves
• Industrial PC
• Control Devices
• Field Instrument
• Industrial 3D Printing
• Human-machine Interface

By Solutions

• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Manufacturing Execution System (MES)
• Product Life Cycle Management (PLM)
• Plant Asset Management (PAM)
• Functional Safety

By Industries

• Process Industries
  • Oil & Gas
  • Chemicals
  • Pharmaceuticals
  • Energy & Power
  • Metals & Mining
  • Pulp & Paper
  • Food & Beverages
  • Others
• Discrete Industries
  • Automotive
  • Aerospace & Defense
  • Semiconductor & Electronics
  • Machine Manufacturing
  • Medical Devices
  • Others

By Regions

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East & Africa

By Key Players

• Honeywell International Inc
• Yaskawa America, Inc.
• KUKA AG
• Infineon Technologies AG
• ABB
• Rockwell Automation, Inc.
• OMRON Corporation
• Roboze S.p.A.
• Azbil Corporation.
• SEIKO EPSON CORP

Competitive Landscape

Key players in the global industrial control & factory automation market includes Honeywell International Inc, Yaskawa America, Inc., KUKA AG, Infineon Technologies AG, ABB, Rockwell Automation, Inc., OMRON Corporation, Roboze S.p.A., Azbil Corporation., SEIKO EPSON CORP.