Embedded Files
The Industrial Automation Market Size Report by Fortune Business Insights delivers a detailed market assessment, covering size projections from 2022 to 2029. This report explores crucial market trends, major drivers, and market segmentation.
What Is the Projected Growth of Industrial Automation?
Industrial Automation has grown significantly in recent years. It is expected to reach USD 205.86 billion by 2022 and is expected to reach USD 395.09 billion by 2029, at a CAGR of 9.8%.
What Is the Projected Growth of the Industrial Automation Market?
The report provides a detailed understanding of the market segments that have been formed by combining different prospects such as types, applications, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the report.
The Industrial Automation Market is expanding rapidly, driven by rising demand for efficiency, precision, and cost reduction across manufacturing sectors. Technologies like AI, IIoT, digital twins, and collaborative robots are reshaping production environments. Asia-Pacific leads the growth due to strong government initiatives and industrial digitization. With increased focus on smart factories and sustainable operations, the market is poised for continued innovation and global adoption.
Get a Free Sample Research PDF|https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101589
List of top Industrial Automation companies
ABB Ltd. (Switzerland)
Emerson Electric Co. (U.S.)
General Electric Company (U.S.)
Honeywell International Inc. (U.S.)
Mitsubishi Electric Corporation (Japan)
Omron Corporation (Japan)
Rockwell Automation Inc. (U.S.)
Schneider Electric SE (France)
Siemens AG (Germany)
Yokogawa Electric Corporation (Japan)
The Industrial Automation report delivers comprehensive insights into the global landscape. It blends future forecasts, historical trends, data analytics, and proven industry practices.
This report explores key aspects such as market segmentation, service models, delivery channels, and regional performance. It also includes evaluations of key vendors and product offerings.
The current market scenario is examined in detail, along with projections for growth, industry trends, and market share over the coming years.
By using these insights, businesses can identify new opportunities, reduce risks, and plan strategically in the Hardware & Software IT Services sector.
Drivers & Restrains
Key Growth Drivers
Rising Demand for Efficiency, Productivity & Cost Reduction
Explanation:
Organizations across sectors are facing pressure to enhance output, reduce costs, and minimize errors. Automation systems enable continuous operation, resource optimization, and reduced waste—key levers for improving profitability.
Supporting Evidence:
Industrial automation is widely adopted to boost productivity, streamline workflows, and reduce operational errors.
The growth of smart manufacturing (Industry 4.0) is transforming factories into interconnected, data-driven environments that enhance responsiveness and performance.
Technology Advancements: IIoT, AI, Robotics, 5G & Cloud
Explanation:
The integration of Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), robotics, 5G, and cloud/edge computing has revolutionized automation systems, enabling real-time monitoring, predictive maintenance, and adaptive control.
Supporting Evidence:
These technologies enable real-time data collection, predictive analytics, and process optimization across industries.
5G facilitates high-speed communication between devices, while cloud computing provides scalable infrastructure.
Industrial IoT allows predictive maintenance strategies that can reduce unplanned downtime by up to 70%.
Major Restraints
High Initial Investment & Integration Complexity
Explanation:
Automated systems require substantial upfront capital for hardware (robots, sensors, PLCs), software, and system integration. Retrofitting legacy infrastructure also presents challenges, especially for small and mid-sized enterprises (SMEs).
Supporting Evidence:
Capital outlays for full automation projects can range from tens of thousands to over a million dollars, depending on scale and complexity.
Integration with legacy systems often requires custom engineering, increasing timelines and costs.
Cybersecurity Risks & Skilled Labor Shortages
Explanation:
Connected automation systems expose manufacturing operations to cybersecurity threats. Simultaneously, the successful deployment and operation of these systems depend on a skilled workforce, which remains limited in many regions.
Supporting Evidence:
As operational technology (OT) converges with IT networks, risks from cyberattacks and data breaches increase.
The demand for technicians, engineers, and cybersecurity experts in automation exceeds the current supply, leading to a significant talent gap.
Regional Insights
North America: United States, Canada, Mexico
Europe: Germany, France, UK, Russia, Italy
Asia-Pacific: China, Japan, Korea, India, Southeast Asia
South America: Brazil, Argentina, Colombia
Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa
Analysis and Insights: Industrial Automation Market Size
The Industrial Automation Market is projected to witness significant growth from 2025 to 2032, with a strong CAGR anticipated during this period, according to Fortune Business Insights. This expansion is driven by technological advancements and innovations, leading to the development of next-generation aircraft and defense systems.
Emerging markets in the Asia-Pacific region, particularly China and India, are heavily investing in their aerospace and defense sectors, creating new opportunities for market growth. Additionally, companies are adopting strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market presence and diversify their product offerings.
Despite these growth prospects, the industry faces notable challenges, including stringent regulatory requirements, geopolitical uncertainties, and the lingering impact of the COVID-19 pandemic on travel and defense budgets.
Fortune Business Insights is your go-to source for smart and easy-to-understand market research and consulting. Covering industries like technology, healthcare, food, and consumer goods, their reports break down complex data into clear insights. You’ll get up-to-date forecasts, competitor analysis, detailed market segments, and key trends — all designed to help you make confident, informed decisions and grow your business.
About Us
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us
Fortune Business Insights™ Pvt. Ltd.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Page updated
Google Sites
Report abuse