Summary

Factory Automation Market Size, Share, and Analysis, By Components (Sensors, Controllers, Switches & Relays, Industrial Robots, and Others), By Control and Safety Systems (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Systems Instrumented Systems (SIS), Programmable Logic Controller (PLC), and Human Machine Interface (HMI)), By Industry (Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Factory Automation Market is anticipated to grow at a CAGR of 8.4% in the forecast period (2024-2034), with the market size valued at USD 314.2 billion in 2023 and projected to reach USD 761.7 billion by 2034.
Factory automation means the utilization of control systems and technology to streamline and improve industrial processes, therefore reducing the need for human workforce. It covers a wide range of automation technologies, including robots’ programmable logic controllers (PLCs), and computer numerical control (CNC) systems. Businesses that utilize factory automation can increase productivity, improve product quality, and save operational expenses. Automation systems enable tasks to be performed with better precision, consistency, and speed compared to manual labour, resulting in higher efficiency and output. Automation helps in providing better analysis and allowing for real-time monitoring with decision-making to improve production processes. Overall, factory automation has played an important role in modern production, allowing companies to fulfil the increased demands for efficiency, flexibility, and competitiveness.

MARKET HIGHLIGHTS
Factory Automation Market is anticipated to reach USD 761.7 billion, growing at a CAGR of 8.4% during the forecast period due to the increasing demand for enhanced productivity and efficiency across industries promoting the adoption of automation technologies to streamline processes and minimize any form of human error. The ongoing trend of cost reduction and resource optimization motivates organizations to invest in automation solutions. In addition, the necessity for flexibility and adaptability in manufacturing to satisfy changing consumer needs accelerates automation adoption even faster. In future, the factory automation is expected to be to be defined by continued innovation, better integration of automation technologies, and expanded applications across several industries, resulting in sustained market development.
Factory Automation Market Segments:

• By Component
o Sensors
o Controllers
o Switches & Relays
o Industrial Robots
o Others
• By Control and Safety System
o Distributed Control System (DCS)
o Supervisory Control and Data Acquisition System (SCADA)
o Manufacturing Execution System (MES)
o Systems Instrumented Systems (SIS)
o Programmable Logic Controller (PLC)
o Human Machine Interface (HMI)
• By Industry
o Automotive Manufacturing
o Food & Beverage
o Oil & Gas Processing
o Mining
o Others

MARKET DYNAMICS
Growth Drivers
Increasing Demand for Efficiency and Productivity has impelled market growth
Rising Labour Costs Has Accelerated the Adoption of Factory Automation Devices
Restraint
Complexity of Integration of Automated Systems acts as a major challenge for the market

Key Players
• ABB Ltd.
• Honeywell International Inc.
• Schneider Electric SE
• Siemens AG
• Rockwell Automation, Inc.
• General Electric Company
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Omron Corporation
• Fanuc Corporation
• Yokogawa Electric Corporation
• Bosch Rexroth AG
• Keyence Corporation
• Toshiba Machine Co., Ltd.
• Yaskawa Electric Corporation
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Factory Automation Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Factory Automation Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Factory Automation Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Factory Automation Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Factory Automation Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Components
11.3.1.1. Sensors
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Controllers
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Switches & Relays
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Industrial Robots
11.3.1.4.1. By Value (USD Million) 2024-2034F
11.3.1.4.2.Market Share (%) 2024-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1. By Value (USD Million) 2024-2034F
11.3.1.5.2.Market Share (%) 2024-2034F
11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Control and Safety Systems
11.3.2.1.Distributed Control System (DCS)
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Supervisory Control and Data Acquisition System (SCADA)
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Manufacturing Execution System (MES)
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Systems Instrumented Systems (SIS)
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Programmable Logic Controller (PLC)
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.6. Human Machine Interface (HMI)
11.3.2.6.1.By Value (USD Million) 2024-2034F
11.3.2.6.2. Market Share (%) 2024-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Industry
11.3.3.1.Automotive Manufacturing
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Food & Beverage
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Oil & Gas Processing
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Mining
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Others
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
12.North America Factory Automation Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Components
12.3.2. By Control and Safety Systems
12.3.3. By Industry
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Factory Automation Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Components
13.3.2. By Control and Safety Systems
13.3.3. By Industry
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Factory Automation Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Components
14.3.2. By Control and Safety Systems
14.3.3. By Industry
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Factory Automation Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Components
15.3.2. By Control and Safety Systems
15.3.3. By Industry
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Factory Automation Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Components
16.3.2. By Control and Safety Systems
16.3.3. By Industry
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. ABB Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Honeywell International Inc.
18.3.Schneider Electric SE
18.4.Siemens AG
18.5.Rockwell Automation, Inc.
18.6.General Electric Company
18.7.Mitsubishi Electric Corporation
18.8.Emerson Electric Co.
18.9.Omron Corporation
18.10.Fanuc Corporation
18.11. Yokogawa Electric Corporation
18.12.Bosch Rexroth AG
18.13.Keyence Corporation
18.14.Toshiba Machine Co., Ltd.
18.15.Yaskawa Electric Corporation
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation