Global Industrial Automation and Control Systems Market worth $418.01 billion by 2032

Category: Semiconductors & Electronics

RELEASE DATE May 2023
REPORT ID SI1834

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Global Industrial Automation and Control Systems Market Size To Worth $418.01 Billion By 2032

According to a research report published by Spherical Insights & Consulting, The Global Industrial Automation and Control Systems Market size is to grow from USD 164.12 Billion in 2022 to USD 418.01 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.

 

Global Industrial Automation and Control Systems Market

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Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on  "Global Industrial Automation and Control Systems Market Size, Share, and COVID-19 Impact Analysis, By Component (HMI, Industrial Robots, Control Valves, Sensors, and Others), By Control System (DCS, PLC, SCADA, and Others), By Vertical (Automotive, Energy & Utilities, Food & Beverage, Healthcare, Manufacturing, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/industrial-automation-and-control-systems-market

 

Industrial Automation and Control Systems (IACS) are computer-based systems used to control and monitor industrial processes. These systems use sensors, actuators, and controllers to automate tasks and make production more efficient. IACS can be found in various industries, including manufacturing, oil and gas, power generation, and transportation. They provide real-time data and analytics to help operators make informed decisions and optimize performance. However, IACS is also vulnerable to cyber-attacks, and their security is a critical concern for the safety and reliability of industrial operations.

 

The sensors component segment is expected to grow at a CAGR of 10.3% during the forecast period

Based on components, the global industrial automation and control systems market is segmented into HMI, industrial robots, control valves, sensors, and others. The sensors component segment is expected to grow in the industrial automation and control systems (IACS) market due to their increasing importance in industrial processes. Sensors play a vital role in monitoring and controlling various parameters, such as temperature, pressure, flow, and position, in manufacturing and other industrial processes. The growing trend towards Industry 4.0 technologies, such as the Internet of Things (IoT), requires an increasing number of sensors to collect and transmit data, enabling predictive maintenance and real-time process control. Additionally, the increasing demand for safety, quality, and energy efficiency in industrial processes further drives the growth of the sensors component segment.

 

The manufacturing segment held the largest market share with more than 22.4% in 2022

Based on vertical, the global industrial automation and control systems market is segmented into automotive, energy & utilities, food & beverage, healthcare, manufacturing, and others. The manufacturing segment held the largest market share in 2022, due to the increasing need for automation in the production and assembly processes. Automation solutions, such as industrial robots, programmable logic controllers (PLCs), and human-machine interfaces (HMIs), have improved efficiency, quality, and safety in the manufacturing process. Additionally, the demand for mass customization and flexible manufacturing has further driven the adoption of IACS in the manufacturing sector. The integration of Industry 4.0 technologies, such as the Internet of Things (IoT), has also enabled smart manufacturing, solidifying the manufacturing segment's dominance in the IACS market.

 

North America is predicted to grow at a significant CAGR of around 10.5% over the projected period

 

Global Industrial Automation and Control Systems Market

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Based on region, North America is expected to experience significant growth in the Industrial Automation and Control Systems (IACS) market due to the region's strong focus on technological innovation and advanced manufacturing. The increasing adoption of Industry 4.0 technologies, such as the Internet of Things (IoT), cloud computing, and artificial intelligence, is driving the market growth in North America. The growing demand for intelligent automation solutions across various industries, including automotive, food and beverage, and pharmaceuticals, is also fueling the market growth. Additionally, the increasing emphasis on workplace safety and the need for operational efficiency are driving the adoption of IACS in the region.

Some of the major players in the global industrial automation and control systems market include Siemens AG, ABB Ltd., Emerson Electric Co., Schneider Electric SE, Rockwell Automation, Inc., Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric Company, Omron Corporation, Bosch Rexroth AG, Johnson Controls International plc, Fanuc Corporation, Kuka AG, and Danaher Corporation.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global industrial automation and control systems market based on the below-mentioned segments:

 

Industrial Automation and Control Systems Market, By Component

  • HMI
  • Industrial Robots
  • Control Valves
  • Sensors
  • Others

 

Industrial Automation and Control Systems Market, By Control System

  • DCS
  • PLC
  • SCADA
  • Others

 

Industrial Automation and Control Systems Market, By Vertical

  • Automotive
  • Energy & Utilities
  • Food & Beverage
  • Healthcare
  • Manufacturing
  • Others

 

Industrial Automation and Control Systems Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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