Summary

The global industrial control & factory automation market was valued at USD 255.88 billion in 2024 and is projected to reach USD 399.12 billion by 2029; it is expected to register a CAGR of 9.3% during the forecast period. Increased adoption of IoT and AI in industrial environments is driving the industrial control & factory automation market. Whereas high initial capital investment is restraining the growth of the industrial control & factory automation market.

“Cloud enterprise resource planning (ERP) segment is expected to hold the largest market share throughout the forecast period.”
The ERP system integrates all these processes in one end-to-end system to streamline various business processes and information across the entire organization. Software as a Service (SaaS) ERP is enterprises' most popular deployment model. The rise of IIoT and connected factories has created a need for ERP systems that can integrate with sensors, machines, and control systems to collect real-time data from the production floor.

"Oil & Gas segment is likely to hold the largest market in 2024.”
The oil and gas segment is estimated to account for the highest part of the industrial control and factory automation market in 2024. The oil and gas business is highly capital-intensive, therefore increasing operational efficiency is critical to profitability. Automation systems such as Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), and Programmable Logic Controllers (PLCs) allow for real-time monitoring and control of operations, resulting in more efficient production processes, less waste, and higher throughput. Due to the specific emphasis on safety, efficiency, remote locations, data-driven decisions, and strict regulations followed in this sector has lead it to hold the largest market share. Predictive maintenance, automation, and robots are some of the critical smart technologies that help the industry lower costs, improve safety, and increase efficiency.




“The North America segment is likely to grow at the second highest CAGR during the forecast period.”
North America's market is predicted to expand at the second-highest CAGR over the forecast period. North America's industrial control and factory automation market is being driven by technological breakthroughs such as Industry 4.0, IIoT, and Al, which improve operational efficiency and productivity. It is witnessing a massive thrust toward energy efficiency, sustainability, and strengent safety criteria, all of which continue to pressure the industries related to the automobile, oil, and gas sectors toward increased adoption of automation. And labor shortages take the advancement of automation even further along, fueled by strong government support and leadership from key players in the industry. Surging demand for industrial control & factory automation and warehouse automation is also shaping up the future of the industry.

Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

• By Company Type - Tier 1 – 45%, Tier 2 – 35%, Tier 3 – 20%
• By Designation— C-level Executives - 50%, Directors - 30%, Others - 20%
• By Region—North America - 35%, Europe - 20%, Asia Pacific - 40%, RoW - 5%

The industrial control & factory automation market is dominated by a few globally established players such as ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), Siemens (Germany), Stratasys (US), Omron Corporation (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser Group Services AG (Switzerland), FANUC Corporation (Japan). The study includes an in-depth competitive analysis of these key players in the industrial control & factory automation market, with their company profiles, recent developments, and key market strategies.

Research Coverage:
The report segments the industrial control & factory automation market and forecasts its size by component, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the industrial control & factory automation ecosystem.

Key Benefits to Buy the Report:
• Analysis of key drivers (Increased adoption of IoT and AI in industrial environments, Government initiatives to boost industrial automation, Growing Focus on Operational Efficiency and Productivity, Growing demand for smart sensors in various industries to gain real-time insights, Increasing integration of machine vision systems with deep learning ), Restraint (Compelling initial capital investment and subsequent investment for maintenance, Components' incapacity to perform in a human-like manner, Security risks associated with cyber-physical systems), Opportunity (Increased demand for safety compliance automation solutions, Rising adoption of automation within the industrial sector, Rising need for augmented reality and virtual reality technologies), Challenges (Absence of standardization in industrial communication protocols and interfaces, Shortage of skilled workforce to operate industrial automation equipment and systems, Less precise systems due to differences between simulations and real life, Complexity in deployment of industrial control & factory automation solutions)
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the industrial control & factory automation market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the industrial control & factory automation market across varied regions
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the industrial control & factory automation market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), among others in the industrial control & factory automation market.

ページTOPに戻る

Table of Contents

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED & REGIONAL SCOPE 33
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 35
1.5 LIMITATIONS 35
1.6 UNIT CONSIDERED 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 INTRODUCTION 37
2.1.1 SECONDARY DATA 38
2.1.1.1 List of major secondary sources 38
2.1.1.2 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
2.1.2.1 List of key interview participants 39
2.1.2.2 Breakdown of primaries 40
2.1.2.3 Key industry insights 40
2.1.2.4 Key data from primary sources 41
2.1.3 SECONDARY AND PRIMARY RESEARCH 42
2.2 MARKET SIZE ESTIMATION METHODOLOGY 42
2.2.1 BOTTOM-UP APPROACH 43
2.2.1.1 Approach to arrive at market size using bottom-up approach (demand side) 43
2.2.2 TOP-DOWN APPROACH 44
2.2.2.1 Approach to arrive at market size using top-down approach
(supply side) 44
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 46
2.4 RESEARCH ASSUMPTIONS 47
2.5 LIMITATIONS AND RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
 
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 53
4.2 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT 54
4.3 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY END-USE INDUSTRY 55
4.4 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION 56
4.5 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
5.2.1 DRIVERS 58
5.2.1.1 Increased adoption of IoT and AI in industrial environments 58
5.2.1.2 Government initiatives to promote industrial automation 58
5.2.1.3 Growing focus on operational efficiency and productivity 58
5.2.1.4 Growing demand for smart sensors in various industries to gain real-time insights 59
5.2.1.5 Increasing integration of machine vision systems with deep learning 59
5.2.2 RESTRAINTS 60
5.2.2.1 Significant initial capital investment and subsequent maintenance expenses 60
5.2.2.2 Lack of quick adaptability to changing scenario and intuitive decision-making 61
5.2.2.3 Security risks associated with cyber-physical systems 61
5.2.3 OPPORTUNITIES 62
5.2.3.1 Increased demand for safety compliance automation solutions 62
5.2.3.2 Rising adoption of automation in industrial sector 63
5.2.3.3 Growing demand for augmented reality and virtual reality technologies 63
5.2.4 CHALLENGES 64
5.2.4.1 Absence of standardization in industrial communication protocols and interfaces 64
5.2.4.2 Shortage of skilled workforce to operate industrial automation equipment and systems 65
5.2.4.3 Lack of precision due to differences between simulations and real-life 65
5.2.4.4 Complexity in deployment of industrial control & factory automation solutions 65
5.3 VALUE CHAIN ANALYSIS 67
5.4 ECOSYSTEM ANALYSIS 68
5.5 INVESTMENT AND FUNDING SCENARIO 70
 
5.6 PRICING ANALYSIS 70
5.6.1 INDICATIVE PRICING OF KEY PLAYERS, BY ROBOT TYPE 70
5.6.2 AVERAGE SELLING PRICE TREND, BY TYPE 71
5.6.3 AVERAGE SELLING PRICE TREND, BY REGION 73
5.6.4 AVERAGE SELLING PRICE TREND OF INDUSTRIAL SENSORS 74
5.6.5 AVERAGE SELLING PRICES OF PROCESS ANALYZER, BY TYPE 75
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
5.8 PORTER’S FIVE FORCES ANALYSIS 77
5.8.1 THREAT OF NEW ENTRANTS 79
5.8.2 THREAT OF SUBSTITUTES 79
5.8.3 BARGAINING POWER OF SUPPLIERS 79
5.8.4 BARGAINING POWER OF BUYERS 79
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 80
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 80
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
5.9.2 BUYING CRITERIA 81
5.10 CASE STUDY 81
5.10.1 WORLD WIDE FITTINGS, INC. ADOPTS MITSUBISHI ELECTRIC’S INDUSTRIAL ROBOTICS TO STREAMLINE OPERATIONS 81
5.10.2 BOMBARDIER TRANSPORTATION SELECTS ABB TO PROVIDE SCADA SYSTEM FOR BANGKOK’S MONORAIL PROJECT 82
5.10.3 COOPER TIRE ADOPTS ROCKWELL AUTOMATION’S MES SOLUTION FOR GREATER EFFICIENCY 82
5.10.4 ENEL GREEN POWER S.P.A. IMPLEMENTS ABB ABILITY FOR PREDICTIVE MAINTENANCE IN HYDROPOWER PLANTS 82
5.10.5 CHINA NATIONAL BUILDING MATERIAL GROUP CORPORATION ENHANCES ENERGY EFFICIENCY WITH SCHNEIDER ELECTRIC’S ECOSTRUXURE 83
5.10.6 ARKEMA GROUP UPGRADES SYSTEMS WITH ABB’S SYSTEM 800XA ARCHITECTURE 84
5.11 TECHNOLOGY ANALYSIS 84
5.11.1 KEY TECHNOLOGIES 84
5.11.1.1 Artificial intelligence 84
5.11.1.2 Augmented reality 84
5.11.1.3 Blockchain 85
5.11.1.4 5G 85
5.11.1.5 Digital twin 85
5.11.1.6 IoT 86
5.11.2 COMPLEMENTARY TECHNOLOGIES 86
5.11.2.1 Smart energy management 86
5.11.2.2 Cybersecurity 86
5.11.3 ADJACENT TECHNOLOGIES 87
5.11.3.1 Edge computing 87
5.12 TRADE ANALYSIS 88
5.13 PATENTS ANALYSIS 90
5.14 KEY CONFERENCES & EVENTS, 2024–2026 93
5.15 DIGITALIZATION IN INDUSTRIAL CONTROL 95
5.16 REGULATORY LANDSCAPE 95
5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
5.16.2 STANDARDS AND REGULATIONS RELATED TO INDUSTRIAL ROBOTICS 98
5.17 IMPACT OF AI ON INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 101
5.17.1 INTRODUCTION 101
5.17.2 AI USE CASES 101
6 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT 103
6.1 INTRODUCTION 104
6.2 INDUSTRIAL CONTROL SYSTEMS 106
6.2.1 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 107
6.2.2 DISTRIBUTED CONTROL SYSTEM (DCS) 110
6.2.2.1 Software 110
6.2.2.1.1 Analyze data and help identify precise locations for repair 110
6.2.2.2 Hardware 110
6.2.2.2.1 Increase in industrial automation projects to drive market growth 110
6.2.2.3 Services 110
6.2.2.3.1 Need for plant optimization across industries driving services segment 110
6.2.3 PROGRAMMABLE LOGIC CONTROLLER (PLC) 112
6.2.4 INDUSTRIAL PC 114
6.2.4.1 Panel IPC 114
6.2.4.1.1 Growing adoption of automated manufacturing technologies to drive market 114
6.2.4.2 Rack mount IPC 115
6.2.4.2.1 Rising need for compact designs in space-constrained applications to increase demand 115
6.2.4.3 DIN rail IPC 115
6.2.4.3.1 Need for maintenance-free and continuous operations fueling use of rugged and scalable DIN rail IPCs 115
6.2.4.4 Embedded IPC 115
6.2.4.4.1 Rising use of embedded IPCs in high-bandwidth projects 115
6.2.5 HUMAN MACHINE INTERFACE 117
6.2.5.1 Hardware 117
6.2.5.2 Software 117
6.3 INDUSTRIAL SOFTWARE 120
6.3.1 MANUFACTURING EXECUTION SYSTEM (MES) 121
6.3.1.1 Software 122
6.3.1.1.1 Reduction in manufacturing cycle time and low data maintenance requirements to boost demand 122
6.3.1.2 Services 122
6.3.1.2.1 Need for routine power supply checks in manufacturing plants to contribute to segmental growth 122
6.3.1.3 Implementation 123
6.3.2 SOFTWARE UPGRADE 123
6.3.2.1 Training 123
6.3.2.2 Maintenance 123
6.3.3 PLANT ASSET MANAGEMENT (PAM) 125
6.3.3.1 On-premises (Offline) deployment 126
6.3.3.2 Cloud-based (Online) deployment 126
6.3.4 WAREHOUSE MANAGEMENT SYSTEM (WMS) 128
6.3.4.1 On-premises 128
6.3.4.1.1 Rising demand for customized warehouse solutions to fit specific needs and workflows to drive growth 128
6.3.4.2 Cloud-based 129
6.3.4.2.1 Increased processing speed and reduced upfront costs to accelerate demand 129
6.3.5 MANUFACTURING OPERATION MANAGEMENT (MOM) 131
6.3.6 CLOUD ENTERPRISE RESOURCE PLANNING (ERP) 133
6.3.7 QUALITY MANAGEMENT SYSTEM (QMS) 135
6.4 CNC CONTROLLER 137
6.4.1 HARDWARE 138
6.4.1.1 Hardware plays crucial role in overall CNC controller systems 138
6.4.2 SOFTWARE & SERVICES 139
6.4.2.1 Upgraded software solutions and additional services enhance manufacturing efficiency and accuracy 139
6.4.2.1.1 Installation and commissioning 139
6.4.2.1.2 Retrofitting and reconditioning 139
6.5 INDUSTRIAL ROBOTICS 140
6.5.1 INDUSTRIAL ROBOTS 141
6.5.1.1 Traditional robots 144
6.5.1.1.1 Widely used to handle heavy loads and programmed to perform single task repeatedly 144
6.5.1.2 Collaborative robots 145
6.5.1.2.1 Ease of use and low-cost deployment to drive market 145
6.5.2 ROBOT END EFFECTOR 146
6.6 INDUSTRIAL 3D PRINTING 148
6.7 PROCESS ANALYZER 150
6.7.1 GAS ANALYZER 150
6.7.1.1 Oxygen analyzer 150
6.7.1.1.1 Advancements in sensor technology to fuel market growth 150
6.7.1.2 Carbon dioxide analyzer 151
6.7.1.2.1 Need for accurate monitoring of CO2 levels to drive market 151
6.7.1.3 Moisture analyzer 151
6.7.1.3.1 Growing importance of moisture control in industries to foster growth 151
6.7.1.4 Toxic gas analyzer 152
6.7.1.4.1 Advanced sensor technology and integration of IoT to create lucrative growth opportunities 152
6.7.1.5 Hydrogen sulfide analyzer 152
6.7.1.5.1 Increasing focus on reducing environmental impact to boost segmental growth 152
6.7.2 LIQUID ANALYZER 152
6.7.2.1 PH/ORP analyzer 153
6.7.2.1.1 Demand in reverse osmosis and cooling processes to fuel segmental growth 153
6.7.2.2 Conductivity analyzer 153
6.7.2.2.1 Demand in pharmaceutical sector to improve process efficiency to propel market 153
6.7.2.3 Turbidity analyzer 154
6.7.2.3.1 Need for accurate turbidity measurement in wastewater treatment facilities to accelerate growth 154
6.7.2.4 Dissolved oxygen analyzer 154
6.7.2.4.1 Adoption in water monitoring applications to contribute to market growth 154
6.7.2.5 Liquid density analyzer 154
6.7.2.5.1 Deployment of IoT technology in liquid density analyzers to propel growth 154
6.7.2.6 MLSS analyzer 155
6.7.2.6.1 MLSS analyzers widely used to optimize wastewater treatment 155
6.7.2.7 TOC analyzer 155
6.7.2.7.1 Adoption of TOC analyzers to ensure compliance with pharmaceutical manufacturing standards to boost growth 155
6.8 FIELD INSTRUMENTATION 157
6.8.1 LEVEL TRANSMITTER 157
6.8.1.1 Growing application in petrochemicals and water & wastewater treatment industries to drive demand 157
6.8.2 PRESSURE TRANSMITTER 158
6.8.2.1 Rising oil & gas exploration activities to drive market 158
6.8.3 TEMPERATURE TRANSMITTER 160
6.8.3.1 Increasing use in pharmaceutical manufacturing to boost demand 160
6.8.4 OTHER TRANSMITTERS 160
6.8.4.1 Growing use of vibration-level switches as overfill protection devices to boost market growth 160
 
6.9 FLOW METER 162
6.9.1 MAGNETIC 162
6.9.1.1 Increasing demand for clean water and wastewater treatment to drive market 162
6.9.2 CORIOLIS 163
6.9.2.1 Broad range of applications in various industries to drive market 163
6.9.3 ULTRASONIC 163
6.9.3.1 Growing need for efficient water and energy management to drive market 163
6.9.4 ULTRASONIC FLOW METERS, BY TECHNOLOGY 163
6.9.4.1 Transit time 163
6.9.4.2 Doppler 163
6.9.5 DIFFERENTIAL PRESSURE 164
6.9.5.1 High reliability and accuracy of differential pressure to drive market 164
6.9.5.2 Orifices 164
6.9.5.3 Venturi tubes 164
6.9.5.4 Cone meters 164
6.9.5.5 Flow nozzles 164
6.9.5.6 Variable area meters 164
6.9.5.7 Averaging pitots 164
6.9.5.8 Dall tubes 165
6.9.6 POSITIVE DISPLACEMENT 165
6.9.6.1 Demand for cost-effective flow meters in applications requiring high accuracy to drive growth 165
6.9.6.2 Piston flow meters 165
6.9.6.3 Oscillating piston meters 165
6.9.6.4 Helical flow meters 165
6.9.6.5 Bi-rotors 165
6.9.6.6 Rotary vane meters 165
6.9.6.7 Gear flow meters 166
6.9.7 TURBINE 166
6.9.7.1 Industrial automation and process optimization to drive market 166
6.9.8 VORTEX 166
6.9.8.1 Low initial setup cost to drive market 166
6.9.9 OTHERS 166
6.9.9.1 Thermal flow meters 167
6.9.9.2 Multiphase flow meters 167
6.10 INDUSTRIAL COMMUNICATION 169
6.10.1 COMPONENTS 169
6.10.1.1 Switches 169
6.10.1.1.1 Offers high security and durability for reliable network connections between interconnected computers 169
 
6.10.1.2 Gateways 170
6.10.1.2.1 Market players introducing innovative gateways to support Industry 4.0 and smart factory applications 170
6.10.1.3 Routers & WAP 170
6.10.1.3.1 Compatibility with 5G technology in routers supports seamless industrial communications 170
6.10.1.4 Controllers & connectors 171
6.10.1.4.1 Controllers & connectors critical for determining priorities of tasks and interruptions 171
6.10.1.5 Communication interfaces & converters 171
6.10.1.5.1 Enables communication between dissimilar media types 171
6.10.1.6 Power supply devices 172
6.10.1.6.1 High-performance integrated PMICS useful in communications power management 172
6.10.1.7 Others 172
6.10.2 SOFTWARE 173
6.10.2.1 Networking management software optimizes network efficiency and minimizes total cost of ownership 173
6.10.3 SERVICES 173
6.10.3.1 Industrial communications services support integration of devices, machines, and systems within IIoT ecosystem 173
6.11 INDUSTRIAL MONITORING & SAFETY 175
6.11.1 INDUSTRIAL SENSOR 177
6.11.1.1 Contact sensors 177
6.11.1.1.1 Growing demand in oil & gas and energy & power industries to fuel growth 177
6.11.1.2 Non-contact sensors 178
6.11.1.2.1 Food & beverages and mining sectors to generate significant demand 178
6.11.2 MACHINE CONDITION MONITORING 179
6.11.2.1 Online 179
6.11.2.1.1 Need for real-time data regarding variations in machine performance for prompt decision-making to drive market 179
6.11.2.2 Portable 180
6.11.2.2.1 Cost-effectiveness and maximized production output to boost demand 180
6.11.3 MACHINE SAFETY 182
6.11.3.1 Systems 182
6.11.3.1.1 Compliance with stringent safety standards to drive growth 182
6.11.3.2 Sensors 182
6.11.3.2.1 Adoption of technologies such as machine learning to drive growth 182
6.11.4 SOLID STATE RELAY 184
 
6.11.5 MACHINE VISION SYSTEM 186
6.11.5.1 PC-based machine vision system 186
6.11.5.1.1 High processing power and versatility with diverse applications and cameras to drive demand 186
6.11.5.2 Smart camera-based machine vision system 187
6.11.5.2.1 Growing use in imaging and security applications to drive market 187
6.11.6 PREDICTIVE MAINTENANCE 189
6.11.6.1 Hardware 189
6.11.6.2 Solutions 189
7 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET,
BY END-USE INDUSTRY 192
7.1 INTRODUCTION 193
7.2 OIL & GAS 195
7.2.1 ADOPTION OF ASSET MONITORING SOLUTIONS DRIVING MARKET GROWTH 195
7.3 CHEMICALS 196
7.3.1 ADOPTION OF AUTOMATED SOLUTIONS TO MAINTAIN IDEAL INVENTORY LEVELS TO CONTRIBUTE TO MARKET GROWTH 196
7.4 PULP & PAPER 196
7.4.1 USE OF AUTOMATION TO CUT COSTS AND INCREASE OUTPUT FUELING MARKET GROWTH 196
7.5 PHARMACEUTICAL 196
7.5.1 GROWING NEED TO STANDARDIZE MANUFACTURING PROCESSES TO SUPPORT MARKET GROWTH 196
7.6 METALS & MINING 197
7.6.1 ADOPTION OF ADVANCED TECHNOLOGIES TO ENHANCE METAL PRODUCTION FUELING GROWTH 197
7.7 FOOD & BEVERAGES 198
7.7.1 NEED FOR HIGHER PRODUCTIVITY AND MINIMIZED DOWNTIME TO DRIVE MARKET GROWTH 198
7.8 ENERGY & POWER 198
7.8.1 ADOPTION OF SMART AUTOMATION TOOLS TO FACILITATE EFFICIENT ENERGY & POWER MANAGEMENT TO PROPEL MARKET 198
7.9 AUTOMOTIVE 199
7.9.1 AUTOMOTIVE INDUSTRY WITNESSING INCREASING DEMAND FOR INDUSTRY CONTROL & FACTORY AUTOMATION TO BOOST PRODUCTIVITY AND SAFETY 199
7.10 AEROSPACE 200
7.10.1 MANUFACTURERS ADOPTING AUTOMATION TECHNOLOGY TO MEET HIGH PRODUCTION TARGETS 200
7.11 SEMICONDUCTOR & ELECTRONICS 200
7.11.1 INCREASING NEED TO ENHANCE SEMICONDUCTOR AND ELECTRONICS SUPPLY CHAIN TO DRIVE SEGMENT GROWTH 200
 
7.12 HEAVY MACHINERY 201
7.12.1 DEPENDENCE ON AI TO ASSESS MACHINE CONDITIONS AND MINIMIZE DOWNTIME ACCELERATING MARKET GROWTH 201
7.13 MEDICAL DEVICES 201
7.13.1 UTILIZATION OF ROBOTS IN MEDICAL FACILITIES TO MAINTAIN INFECTION-FREE ENVIRONMENT TO DRIVE GROWTH 201
7.14 OTHER END-USE INDUSTRIES 202
8 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION 203
8.1 INTRODUCTION 204
8.2 NORTH AMERICA 206
8.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 206
8.2.2 US 209
8.2.2.1 Push for industrial automation excellence redefining efficiency and productivity across industries 209
8.2.3 CANADA 210
8.2.3.1 Adoption of advanced automation technologies empowering key manufacturing sectors 210
8.2.4 MEXICO 211
8.2.4.1 Growth in manufacturing sector driving demand for industrial automation and smart technologies 211
8.3 EUROPE 212
8.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 212
8.3.2 UK 215
8.3.2.1 Government support for development of IoT technologies to drive market 215
8.3.3 GERMANY 216
8.3.3.1 Growing use of industrial robots in automotive sector fueling market growth 216
8.3.4 FRANCE 217
8.3.4.1 Increasing government initiatives to promote industrial automation to support market growth 217
8.3.5 REST OF EUROPE 217
8.4 ASIA PACIFIC 218
8.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 218
8.4.2 CHINA 221
8.4.2.1 Rising wages in manufacturing industries boosting demand for automation 221
8.4.3 JAPAN 222
8.4.3.1 Strong focus on advancing industrial automation to support market growth 222
8.4.4 INDIA 222
8.4.4.1 Growing government initiatives for automation of industries to fuel growth 222
8.4.5 REST OF ASIA PACIFIC 223
8.5 REST OF THE WORLD (ROW) 224
8.5.1 MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 224
8.5.2 MIDDLE EAST & AFRICA 226
8.5.2.1 GCC 227
8.5.2.1.1 Economy witnessing rapid transformation with adoption of smart manufacturing technologies 227
8.5.2.2 Africa & Rest of Middle East 227
8.5.2.2.1 Growth of manufacturing, electronics, medical devices, and automotive sectors to drive market 227
8.5.3 SOUTH AMERICA 228
8.5.3.1 Brazil 229
8.5.3.1.1 Government initiatives encouraging adoption of advanced solutions to fuel market growth 229
8.5.3.2 Rest of South America 229
9 COMPETITIVE LANDSCAPE 230
9.1 OVERVIEW 230
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022−2024 230
9.3 MARKET SHARE ANALYSIS, 2023 (INDUSTRIAL ROBOTICS) 233
9.4 REVENUE ANALYSIS, 2019–2023 234
9.5 MARKET SHARE ANALYSIS, 2023 (INDUSTRIAL SENSORS) 236
9.6 MARKET SHARE ANALYSIS, 2023 (PROCESS ANALYZER) 237
9.7 COMPANY VALUATION AND FINANCIAL METRICS 238
9.8 BRAND/PRODUCT COMPARISON 239
9.9 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 240
9.9.1 STARS 240
9.9.2 EMERGING LEADERS 240
9.9.3 PERVASIVE PLAYERS 240
9.9.4 PARTICIPANTS 241
9.9.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 242
9.9.5.1 Company footprint 242
9.9.5.2 Region footprint 243
9.9.5.3 Payload footprint 243
9.9.5.4 Robot type footprint 244
9.9.5.5 End-use industry footprint 245
9.10 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 246
9.10.1 PROGRESSIVE COMPANIES 246
9.10.2 RESPONSIVE COMPANIES 246
9.10.3 DYNAMIC COMPANIES 246
9.10.4 STARTING BLOCKS 246
9.10.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 247
9.10.5.1 Detailed list of key startups/SMEs 247
9.10.5.2 Competitive benchmarking of key startups/SMEs 248
9.11 COMPETITIVE SCENARIO AND TRENDS 250
9.11.1 PRODUCT LAUNCHES 250
9.11.2 DEALS 255
9.11.3 EXPANSIONS 261
10 COMPANY PROFILES 263
10.1 KEY PLAYERS 263
10.1.1 SCHNEIDER ELECTRIC 263
10.1.1.1 Business overview 263
10.1.1.2 Products/Solutions/Services offered 264
10.1.1.3 Recent developments 266
10.1.1.3.1 Product launches 266
10.1.1.3.2 Deals 266
10.1.1.3.3 Expansions 267
10.1.1.4 MnM view 268
10.1.1.4.1 Key strengths/Right to win 268
10.1.1.4.2 Strategic choices 268
10.1.1.4.3 Weaknesses and competitive threats 268
10.1.2 HONEYWELL INTERNATIONAL INC. 269
10.1.2.1 Business overview 269
10.1.2.2 Products/Solutions/Services offered 270
10.1.2.3 Recent developments 271
10.1.2.3.1 Product launches 271
10.1.2.3.2 Deals 272
10.1.2.4 MnM view 273
10.1.2.4.1 Right to win 273
10.1.2.4.2 Strategic choices 273
10.1.2.4.3 Weaknesses and competitive threats 273
10.1.3 ABB 274
10.1.3.1 Business overview 274
10.1.3.2 Products/Solutions/Services offered 275
10.1.3.3 Recent developments 276
10.1.3.3.1 Product launches 276
10.1.3.3.2 Deals 277
10.1.3.4 MnM view 278
10.1.3.4.1 Key strengths/Right to win 278
10.1.3.4.2 Strategic choices 278
10.1.3.4.3 Weaknesses and competitive threats 278
 
10.1.4 ROCKWELL AUTOMATION 279
10.1.4.1 Business overview 279
10.1.4.2 Recent developments 281
10.1.4.2.1 Product launches 281
10.1.4.2.2 Deals 282
10.1.4.3 MnM view 283
10.1.4.3.1 Key strengths/Right to win 283
10.1.4.3.2 Strategic choices 283
10.1.4.3.3 Weaknesses and competitive threats 283
10.1.5 SIEMENS 284
10.1.5.1 Business overview 284
10.1.5.2 Products/Solutions/Services offered 285
10.1.5.3 Recent developments 286
10.1.5.3.1 Product Launches 286
10.1.5.3.2 Deals 287
10.1.5.4 MnM view 287
10.1.5.4.1 Key strengths/Right to win 287
10.1.5.4.2 Strategic choices 287
10.1.5.4.3 Weaknesses and competitive threats 288
10.1.6 EMERSON ELECTRIC CO. 289
10.1.6.1 Business overview 289
10.1.6.2 Products/Solutions/Services offered 290
10.1.6.3 Recent developments 291
10.1.6.3.1 Product launches 291
10.1.6.3.2 Deals 292
10.1.6.4 MnM view 293
10.1.6.4.1 Key strengths/Right to win 293
10.1.6.4.2 Strategic choices 293
10.1.6.4.3 Weaknesses and competitive threats 293
10.1.7 MITSUBISHI ELECTRIC CORPORATION 294
10.1.7.1 Business overview 294
10.1.7.2 Products/Solutions/Services offered 295
10.1.7.3 Recent developments 296
10.1.7.3.1 Product launches 296
10.1.7.3.2 Deals 296
10.1.7.3.3 Expansions 297
10.1.8 GENERAL ELECTRIC COMPANY 298
10.1.8.1 Business overview 298
10.1.8.2 Products/Solutions/Services offered 299
10.1.8.3 Recent developments 300
10.1.8.3.1 Product launches 300
10.1.8.3.2 Deals 301
10.1.8.3.3 Expansions 301
10.1.9 YOKOGAWA ELECTRIC CORPORATION 302
10.1.9.1 Business overview 302
10.1.9.2 Products/Solutions/Services offered 303
10.1.9.3 Recent developments 304
10.1.9.3.1 Product launches 304
10.1.9.3.2 Deals 305
10.1.9.4 MnM view 306
10.1.9.4.1 Key strengths/Right to win 306
10.1.9.4.2 Strategic choices 306
10.1.9.4.3 Weaknesses and competitive threats 306
10.1.10 OMRON CORPORATION 307
10.1.10.1 Business overview 307
10.1.10.2 Products/Solutions/Services offered 308
10.1.10.3 Recent developments 309
10.1.10.3.1 Product launches 309
10.1.10.3.2 Deals 310
10.1.11 ENDRESS+HAUSER GROUP SERVICES AG 311
10.1.11.1 Business overview 311
10.1.11.2 Products/Solutions/Services offered 312
10.1.11.3 Recent developments 313
10.1.11.3.1 Product launches 313
10.1.11.3.2 Expansions 314
10.1.12 FANUC CORPORATION 315
10.1.12.1 Business overview 315
10.1.12.2 Products/Solutions/Services offered 316
10.1.12.3 Recent developments 317
10.1.12.3.1 Product launches 317
10.1.12.3.2 Expansions 317
10.2 OTHER KEY PLAYERS 318
10.2.1 WIKA ALEXANDER WIEGAND SE & CO. KG 318
10.2.2 DWYWER INSTRUMENTS, LLC 319
10.2.3 STRATASYS 319
10.2.4 3D SYSTEMS 320
10.2.5 FUJI ELECTRIC CO., LTD. 320
10.2.6 HITACHI LTD. 321
10.2.7 KROHNE 322
10.2.8 AZBIL CORPORATION 323
10.2.9 VEGA 324
10.2.10 TRIDITIVE 324
10.2.11 ULTIMAKER 325
10.2.12 ROBOZE 325
10.2.13 SOFTGRIPPING 326
10.2.14 ZIVID 326
10.2.15 TEGAN INNOVATIONS 327
10.2.16 NANO DIMENSION 327
10.2.17 ONROBOT A/S 328
10.2.18 INXPECT S.P.A 328
11 APPENDIX 329
11.1 INSIGHTS OF INDUSTRY EXPERTS 329
11.2 DISCUSSION GUIDE 330
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 334
11.4 CUSTOMIZATION OPTIONS 336
11.5 RELATED REPORTS 336
11.6 AUTHOR DETAILS 337