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.

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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 59
5.2.1.4 Growing demand for smart sensors in various industries to gain real-time insights 60
5.2.1.5 Increasing integration of machine vision systems with deep learning 60
5.2.2 RESTRAINTS 61
5.2.2.1 Significant initial capital investment and subsequent maintenance expenses 61
5.2.2.2 Lack of quick adaptability to changing scenario and intuitive decision-making 62
5.2.2.3 Security risks associated with cyber-physical systems 62
5.2.3 OPPORTUNITIES 63
5.2.3.1 Increased demand for safety compliance automation solutions 63
5.2.3.2 Rising adoption of automation in industrial sector 64
5.2.3.3 Growing demand for augmented reality and virtual reality technologies 64
5.2.4 CHALLENGES 66
5.2.4.1 Absence of standardization in industrial communication protocols and interfaces 66
5.2.4.2 Shortage of skilled workforce to operate industrial automation equipment and systems 66
5.2.4.3 Lack of precision due to differences between simulations and real-life 66
5.2.4.4 Complexity in deployment of industrial control & factory automation solutions 66
5.3 VALUE CHAIN ANALYSIS 67
5.4 ECOSYSTEM ANALYSIS 69
5.5 INVESTMENT AND FUNDING SCENARIO 71
5.6 PRICING ANALYSIS 71
5.6.1 INDICATIVE PRICING OF KEY PLAYERS, BY ROBOT TYPE 71
5.6.2 AVERAGE SELLING PRICE TREND, BY TYPE 72
5.6.3 AVERAGE SELLING PRICE TREND, BY REGION 74
5.6.4 AVERAGE SELLING PRICE TREND OF INDUSTRIAL SENSORS 76
5.6.5 AVERAGE SELLING PRICES OF PROCESS ANALYZER, BY TYPE 77
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 78
5.8 PORTER’S FIVE FORCES ANALYSIS 79
5.8.1 THREAT OF NEW ENTRANTS 80
5.8.2 THREAT OF SUBSTITUTES 80
5.8.3 BARGAINING POWER OF SUPPLIERS 80
5.8.4 BARGAINING POWER OF BUYERS 81
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 81
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 81
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
5.9.2 BUYING CRITERIA 82
5.10 CASE STUDY 83
5.10.1 WORLD WIDE FITTINGS, INC. ADOPTS MITSUBISHI ELECTRIC’S INDUSTRIAL ROBOTICS TO STREAMLINE OPERATIONS 83
5.10.2 BOMBARDIER TRANSPORTATION SELECTS ABB TO PROVIDE SCADA SYSTEM FOR BANGKOK’S MONORAIL PROJECT 83
5.10.3 COOPER TIRE ADOPTS ROCKWELL AUTOMATION’S MES SOLUTION FOR GREATER EFFICIENCY 84
5.10.4 ENEL GREEN POWER S.P.A. IMPLEMENTS ABB ABILITY FOR PREDICTIVE MAINTENANCE IN HYDROPOWER PLANTS 84
5.10.5 CHINA NATIONAL BUILDING MATERIAL GROUP CORPORATION ENHANCES ENERGY EFFICIENCY WITH SCHNEIDER ELECTRIC’S ECOSTRUXURE 85
5.10.6 ARKEMA GROUP UPGRADES SYSTEMS WITH ABB’S SYSTEM 800XA ARCHITECTURE 85
5.11 TECHNOLOGY ANALYSIS 86
5.11.1 KEY TECHNOLOGIES 86
5.11.1.1 Artificial intelligence 86
5.11.1.2 Augmented reality 86
5.11.1.3 Blockchain 86
5.11.1.4 5G 87
5.11.1.5 Digital twin 87
5.11.1.6 IoT 87
5.11.2 COMPLEMENTARY TECHNOLOGIES 88
5.11.2.1 Smart energy management 88
5.11.2.2 Cybersecurity 88
5.11.3 ADJACENT TECHNOLOGIES 89
5.11.3.1 Edge computing 89
5.12 TRADE ANALYSIS 89
5.12.1 IMPORT SCENARIO (HS CODE 847950) 89
5.12.2 EXPORT SCENARIO (HS CODE 847950) 90
5.13 PATENTS ANALYSIS 92
5.14 KEY CONFERENCES & EVENTS, 2025–2026 97
5.15 DIGITALIZATION IN INDUSTRIAL CONTROL 98
5.16 REGULATORY LANDSCAPE 99
5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
5.16.2 STANDARDS AND REGULATIONS RELATED TO INDUSTRIAL ROBOTICS 102
5.17 IMPACT OF AI ON INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 105
5.17.1 INTRODUCTION 105
5.17.2 AI USE CASES 105
6 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT 107
6.1 INTRODUCTION 108
6.2 INDUSTRIAL CONTROL SYSTEMS 110
6.2.1 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 111
6.2.2 DISTRIBUTED CONTROL SYSTEM (DCS) 114
6.2.2.1 Software 114
6.2.2.1.1 Analyze data and help identify precise locations for repair 114
6.2.2.2 Hardware 114
6.2.2.2.1 Increase in industrial automation projects to drive market growth 114
6.2.2.3 Services 114
6.2.2.3.1 Need for plant optimization across industries driving services segment 114
6.2.3 PROGRAMMABLE LOGIC CONTROLLER (PLC) 116
6.2.4 INDUSTRIAL PC 118
6.2.4.1 Panel IPC 118
6.2.4.1.1 Growing adoption of automated manufacturing technologies to drive market 118
6.2.4.2 Rack mount IPC 119
6.2.4.2.1 Rising need for compact designs in space-constrained applications to increase demand 119
6.2.4.3 DIN rail IPC 119
6.2.4.3.1 Need for maintenance-free and continuous operations fueling use of rugged and scalable DIN rail IPCs 119
6.2.4.4 Embedded IPC 119
6.2.4.4.1 Rising use of embedded IPCs in high-bandwidth projects 119
6.2.5 HUMAN MACHINE INTERFACE 121
6.2.5.1 Hardware 121
6.2.5.2 Software 121
6.3 INDUSTRIAL SOFTWARE 124
6.3.1 MANUFACTURING EXECUTION SYSTEM (MES) 125
6.3.1.1 Software 126
6.3.1.1.1 Reduction in manufacturing cycle time and low data maintenance requirements to boost demand 126
6.3.1.2 Services 126
6.3.1.2.1 Need for routine power supply checks in manufacturing plants to contribute to segmental growth 126
6.3.1.3 Implementation 127
6.3.2 SOFTWARE UPGRADE 127
6.3.2.1 Training 127
6.3.2.2 Maintenance 127
6.3.3 PLANT ASSET MANAGEMENT (PAM) 129
6.3.3.1 On-premises (Offline) deployment 130
6.3.3.2 Cloud-based (Online) deployment 130
6.3.4 WAREHOUSE MANAGEMENT SYSTEM (WMS) 132
6.3.4.1 On-premises 132
6.3.4.1.1 Rising demand for customized warehouse solutions to fit specific needs and workflows to drive growth 132
6.3.4.2 Cloud-based 133
6.3.4.2.1 Increased processing speed and reduced upfront costs to accelerate demand 133
6.3.5 MANUFACTURING OPERATION MANAGEMENT (MOM) 135
6.3.6 CLOUD ENTERPRISE RESOURCE PLANNING (ERP) 137
6.3.7 QUALITY MANAGEMENT SYSTEM (QMS) 139
6.4 CNC CONTROLLER 141
6.4.1 HARDWARE 142
6.4.1.1 Hardware plays crucial role in overall CNC controller systems 142
6.4.2 SOFTWARE & SERVICES 143
6.4.2.1 Upgraded software solutions and additional services enhance manufacturing efficiency and accuracy 143
6.4.2.1.1 Installation and commissioning 143
6.4.2.1.2 Retrofitting and reconditioning 143
6.5 INDUSTRIAL ROBOTICS 144
6.5.1 INDUSTRIAL ROBOTS 145
6.5.1.1 Traditional robots 148
6.5.1.1.1 Widely used to handle heavy loads and programmed to perform single task repeatedly 148
6.5.1.2 Collaborative robots 149
6.5.1.2.1 Ease of use and low-cost deployment to drive market 149
6.5.2 ROBOT END EFFECTOR 150
6.6 INDUSTRIAL 3D PRINTING 152
6.7 PROCESS ANALYZER 154
6.7.1 GAS ANALYZER 154
6.7.1.1 Oxygen analyzer 154
6.7.1.1.1 Advancements in sensor technology to fuel market growth 154
6.7.1.2 Carbon dioxide analyzer 155
6.7.1.2.1 Need for accurate monitoring of CO2 levels to drive market 155
6.7.1.3 Moisture analyzer 155
6.7.1.3.1 Growing importance of moisture control in industries to foster growth 155
6.7.1.4 Toxic gas analyzer 156
6.7.1.4.1 Advanced sensor technology and integration of IoT to create lucrative growth opportunities 156
6.7.1.5 Hydrogen sulfide analyzer 156
6.7.1.5.1 Increasing focus on reducing environmental impact to boost segmental growth 156
6.7.2 LIQUID ANALYZER 156
6.7.2.1 PH/ORP analyzer 157
6.7.2.1.1 Demand in reverse osmosis and cooling processes to fuel segmental growth 157
6.7.2.2 Conductivity analyzer 157
6.7.2.2.1 Demand in pharmaceutical sector to improve process efficiency to propel market 157
6.7.2.3 Turbidity analyzer 158
6.7.2.3.1 Need for accurate turbidity measurement in wastewater treatment facilities to accelerate growth 158
6.7.2.4 Dissolved oxygen analyzer 158
6.7.2.4.1 Adoption in water monitoring applications to contribute to market growth 158
6.7.2.5 Liquid density analyzer 158
6.7.2.5.1 Deployment of IoT technology in liquid density analyzers to propel growth 158
6.7.2.6 MLSS analyzer 159
6.7.2.6.1 MLSS analyzers widely used to optimize wastewater treatment 159
6.7.2.7 TOC analyzer 159
6.7.2.7.1 Adoption of TOC analyzers to ensure compliance with pharmaceutical manufacturing standards to boost growth 159
6.8 FIELD INSTRUMENTATION 161
6.8.1 LEVEL TRANSMITTER 161
6.8.1.1 Growing application in petrochemicals and water & wastewater treatment industries to drive demand 161
6.8.2 PRESSURE TRANSMITTER 162
6.8.2.1 Rising oil & gas exploration activities to drive market 162
6.8.3 TEMPERATURE TRANSMITTER 164
6.8.3.1 Increasing use in pharmaceutical manufacturing to boost demand 164
6.8.4 OTHER TRANSMITTERS 164
6.8.4.1 Growing use of vibration-level switches as overfill protection devices to boost market growth 164
6.9 FLOW METER 166
6.9.1 MAGNETIC 166
6.9.1.1 Increasing demand for clean water and wastewater treatment to drive market 166
6.9.2 CORIOLIS 167
6.9.2.1 Broad range of applications in various industries to drive market 167
6.9.3 ULTRASONIC 167
6.9.3.1 Growing need for efficient water and energy management to drive market 167
6.9.4 ULTRASONIC FLOW METERS, BY TECHNOLOGY 167
6.9.4.1 Transit time 167
6.9.4.2 Doppler 167
6.9.5 DIFFERENTIAL PRESSURE 168
6.9.5.1 High reliability and accuracy of differential pressure to drive market 168
6.9.5.2 Orifices 168
6.9.5.3 Venturi tubes 168
6.9.5.4 Cone meters 168
6.9.5.5 Flow nozzles 168
6.9.5.6 Variable area meters 168
6.9.5.7 Averaging pitots 168
6.9.5.8 Dall tubes 169
6.9.6 POSITIVE DISPLACEMENT 169
6.9.6.1 Demand for cost-effective flow meters in applications requiring high accuracy to drive growth 169
6.9.6.2 Piston flow meters 169
6.9.6.3 Oscillating piston meters 169
6.9.6.4 Helical flow meters 169
6.9.6.5 Bi-rotors 169
6.9.6.6 Rotary vane meters 169
6.9.6.7 Gear flow meters 170
6.9.7 TURBINE 170
6.9.7.1 Industrial automation and process optimization to drive market 170
6.9.8 VORTEX 170
6.9.8.1 Low initial setup cost to drive market 170
6.9.9 OTHERS 170
6.9.9.1 Thermal flow meters 171
6.9.9.2 Multiphase flow meters 171
6.10 INDUSTRIAL COMMUNICATION 173
6.10.1 COMPONENTS 173
6.10.1.1 Switches 173
6.10.1.1.1 Offers high security and durability for reliable network connections between interconnected computers 173
6.10.1.2 Gateways 174
6.10.1.2.1 Market players introducing innovative gateways to support Industry 4.0 and smart factory applications 174
6.10.1.3 Routers & WAP 174
6.10.1.3.1 Compatibility with 5G technology in routers supports seamless industrial communications 174
6.10.1.4 Controllers & connectors 175
6.10.1.4.1 Controllers & connectors critical for determining priorities of tasks and interruptions 175
6.10.1.5 Communication interfaces & converters 175
6.10.1.5.1 Enables communication between dissimilar media types 175
6.10.1.6 Power supply devices 176
6.10.1.6.1 High-performance integrated PMICS useful in communications power management 176
6.10.1.7 Others 176
6.10.2 SOFTWARE 177
6.10.2.1 Networking management software optimizes network efficiency and minimizes total cost of ownership 177
6.10.3 SERVICES 177
6.10.3.1 Industrial communications services support integration of devices, machines, and systems within IIoT ecosystem 177
6.11 INDUSTRIAL MONITORING & SAFETY 179
6.11.1 INDUSTRIAL SENSOR 181
6.11.1.1 Contact sensors 181
6.11.1.1.1 Growing demand in oil & gas and energy & power industries to fuel growth 181
6.11.1.2 Non-contact sensors 182
6.11.1.2.1 Food & beverages and mining sectors to generate significant demand 182
6.11.2 MACHINE CONDITION MONITORING 183
6.11.2.1 Online 183
6.11.2.1.1 Need for real-time data regarding variations in machine performance for prompt decision-making to drive market 183
6.11.2.2 Portable 184
6.11.2.2.1 Cost-effectiveness and maximized production output to boost demand 184
6.11.3 MACHINE SAFETY 186
6.11.3.1 Systems 186
6.11.3.1.1 Compliance with stringent safety standards to drive growth 186
6.11.3.2 Sensors 186
6.11.3.2.1 Adoption of technologies such as machine learning to drive growth 186
6.11.4 SOLID STATE RELAY 188
6.11.5 MACHINE VISION SYSTEM 190
6.11.5.1 PC-based machine vision system 190
6.11.5.1.1 High processing power and versatility with diverse applications and cameras to drive demand 190
6.11.5.2 Smart camera-based machine vision system 191
6.11.5.2.1 Growing use in imaging and security applications to drive market 191
6.11.6 PREDICTIVE MAINTENANCE 193
6.11.6.1 Hardware 193
6.11.6.2 Solutions 193
7 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY END-USE INDUSTRY 196
7.1 INTRODUCTION 197
7.2 OIL & GAS 199
7.2.1 ADOPTION OF ASSET MONITORING SOLUTIONS DRIVING MARKET GROWTH 199
7.3 CHEMICALS 200
7.3.1 ADOPTION OF AUTOMATED SOLUTIONS TO MAINTAIN IDEAL INVENTORY LEVELS TO CONTRIBUTE TO MARKET GROWTH 200
7.4 PULP & PAPER 200
7.4.1 USE OF AUTOMATION TO CUT COSTS AND INCREASE OUTPUT FUELING MARKET GROWTH 200
7.5 PHARMACEUTICAL 200
7.5.1 GROWING NEED TO STANDARDIZE MANUFACTURING PROCESSES TO SUPPORT MARKET GROWTH 200
7.6 METALS & MINING 201
7.6.1 ADOPTION OF ADVANCED TECHNOLOGIES TO ENHANCE METAL PRODUCTION FUELING GROWTH 201
7.7 FOOD & BEVERAGES 202
7.7.1 NEED FOR HIGHER PRODUCTIVITY AND MINIMIZED DOWNTIME TO DRIVE MARKET GROWTH 202
7.8 ENERGY & POWER 202
7.8.1 ADOPTION OF SMART AUTOMATION TOOLS TO FACILITATE EFFICIENT ENERGY & POWER MANAGEMENT TO PROPEL MARKET 202
7.9 AUTOMOTIVE 203
7.9.1 AUTOMOTIVE INDUSTRY WITNESSING INCREASING DEMAND FOR INDUSTRY CONTROL & FACTORY AUTOMATION TO BOOST PRODUCTIVITY AND SAFETY 203
7.10 AEROSPACE 204
7.10.1 MANUFACTURERS ADOPTING AUTOMATION TECHNOLOGY TO MEET HIGH PRODUCTION TARGETS 204
7.11 SEMICONDUCTOR & ELECTRONICS 204
7.11.1 INCREASING NEED TO ENHANCE SEMICONDUCTOR AND ELECTRONICS SUPPLY CHAIN TO DRIVE SEGMENT GROWTH 204
7.12 HEAVY MACHINERY 205
7.12.1 DEPENDENCE ON AI TO ASSESS MACHINE CONDITIONS AND MINIMIZE DOWNTIME ACCELERATING MARKET GROWTH 205
7.13 MEDICAL DEVICES 205
7.13.1 UTILIZATION OF ROBOTS IN MEDICAL FACILITIES TO MAINTAIN INFECTION-FREE ENVIRONMENT TO DRIVE GROWTH 205
7.14 OTHER END-USE INDUSTRIES 206
 
8 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION 207
8.1 INTRODUCTION 208
8.2 NORTH AMERICA 210
8.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 210
8.2.2 US 213
8.2.2.1 Push for industrial automation excellence redefining efficiency and productivity across industries 213
8.2.3 CANADA 214
8.2.3.1 Adoption of advanced automation technologies empowering key manufacturing sectors 214
8.2.4 MEXICO 215
8.2.4.1 Growth in manufacturing sector driving demand for industrial automation and smart technologies 215
8.3 EUROPE 216
8.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 216
8.3.2 UK 219
8.3.2.1 Government support for development of IoT technologies to drive market 219
8.3.3 GERMANY 220
8.3.3.1 Growing use of industrial robots in automotive sector fueling market growth 220
8.3.4 FRANCE 221
8.3.4.1 Increasing government initiatives to promote industrial automation to support market growth 221
8.3.5 REST OF EUROPE 221
8.4 ASIA PACIFIC 222
8.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 222
8.4.2 CHINA 225
8.4.2.1 Rising wages in manufacturing industries boosting demand for automation 225
8.4.3 JAPAN 226
8.4.3.1 Strong focus on advancing industrial automation to support market growth 226
8.4.4 INDIA 226
8.4.4.1 Growing government initiatives for automation of industries to fuel growth 226
8.4.5 REST OF ASIA PACIFIC 227
8.5 REST OF THE WORLD (ROW) 228
8.5.1 MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 228
8.5.2 MIDDLE EAST & AFRICA 230
8.5.2.1 GCC 231
8.5.2.1.1 Economy witnessing rapid transformation with adoption of smart manufacturing technologies 231
8.5.2.2 Africa & Rest of Middle East 231
8.5.2.2.1 Growth of manufacturing, electronics, medical devices, and automotive sectors to drive market 231
8.5.3 SOUTH AMERICA 232
8.5.3.1 Brazil 233
8.5.3.1.1 Government initiatives encouraging adoption of advanced solutions to fuel market growth 233
8.5.3.2 Rest of South America 233
9 COMPETITIVE LANDSCAPE 234
9.1 OVERVIEW 234
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023−2025 234
9.3 MARKET SHARE ANALYSIS, 2023 (INDUSTRIAL ROBOTICS) 237
9.4 REVENUE ANALYSIS, 2019–2023 238
9.5 MARKET SHARE ANALYSIS, 2023 (INDUSTRIAL SENSORS) 240
9.6 MARKET SHARE ANALYSIS, 2023 (PROCESS ANALYZER) 241
9.7 COMPANY VALUATION AND FINANCIAL METRICS 242
9.8 BRAND/PRODUCT COMPARISON 243
9.9 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 244
9.9.1 STARS 244
9.9.2 EMERGING LEADERS 244
9.9.3 PERVASIVE PLAYERS 244
9.9.4 PARTICIPANTS 245
9.9.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 246
9.9.5.1 Company footprint 246
9.9.5.2 Region footprint 247
9.9.5.3 Payload footprint 248
9.9.5.4 Robot type footprint 249
9.9.5.5 End-use industry footprint 250
9.10 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 251
9.10.1 PROGRESSIVE COMPANIES 251
9.10.2 RESPONSIVE COMPANIES 251
9.10.3 DYNAMIC COMPANIES 251
9.10.4 STARTING BLOCKS 251
9.10.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 253
9.10.5.1 Detailed list of key startups/SMEs 253
9.10.5.2 Competitive benchmarking of key startups/SMEs 254
9.11 COMPETITIVE SCENARIO 256
9.11.1 PRODUCT LAUNCHES 256
9.11.2 DEALS 264
9.11.3 EXPANSIONS 274
 
10 COMPANY PROFILES 276
10.1 KEY PLAYERS 276
10.1.1 SCHNEIDER ELECTRIC 276
10.1.1.1 Business overview 276
10.1.1.2 Products/Solutions/Services offered 278
10.1.1.3 Recent developments 280
10.1.1.3.1 Product launches 280
10.1.1.3.2 Deals 280
10.1.1.3.3 Expansions 281
10.1.1.4 MnM view 282
10.1.1.4.1 Key strengths/Right to win 282
10.1.1.4.2 Strategic choices 282
10.1.1.4.3 Weaknesses and competitive threats 282
10.1.2 HONEYWELL INTERNATIONAL INC. 283
10.1.2.1 Business overview 283
10.1.2.2 Products/Solutions/Services offered 285
10.1.2.3 Recent developments 286
10.1.2.3.1 Product launches 286
10.1.2.3.2 Deals 287
10.1.2.4 MnM view 288
10.1.2.4.1 Right to win 288
10.1.2.4.2 Strategic choices 288
10.1.2.4.3 Weaknesses and competitive threats 288
10.1.3 ABB 289
10.1.3.1 Business overview 289
10.1.3.2 Products/Solutions/Services offered 291
10.1.3.3 Recent developments 292
10.1.3.3.1 Product launches 292
10.1.3.3.2 Deals 293
10.1.3.3.3 Expansions 294
10.1.3.4 MnM view 294
10.1.3.4.1 Key strengths/Right to win 294
10.1.3.4.2 Strategic choices 295
10.1.3.4.3 Weaknesses and competitive threats 295
10.1.4 ROCKWELL AUTOMATION 296
10.1.4.1 Business overview 296
10.1.4.2 Recent developments 299
10.1.4.2.1 Product launches 299
10.1.4.2.2 Deals 299
10.1.4.3 MnM view 300
10.1.4.3.1 Key strengths/Right to win 300
10.1.4.3.2 Strategic choices 300
10.1.4.3.3 Weaknesses and competitive threats 300
10.1.5 SIEMENS 301
10.1.5.1 Business overview 301
10.1.5.2 Products/Solutions/Services offered 303
10.1.5.3 Recent developments 304
10.1.5.3.1 Product Launches 304
10.1.5.3.2 Deals 304
10.1.5.4 MnM view 305
10.1.5.4.1 Key strengths/Right to win 305
10.1.5.4.2 Strategic choices 305
10.1.5.4.3 Weaknesses and competitive threats 305
10.1.6 EMERSON ELECTRIC CO. 306
10.1.6.1 Business overview 306
10.1.6.2 Products/Solutions/Services offered 308
10.1.6.3 Recent developments 309
10.1.6.3.1 Product launches 309
10.1.6.3.2 Deals 310
10.1.6.4 MnM view 311
10.1.6.4.1 Key strengths/Right to win 311
10.1.6.4.2 Strategic choices 311
10.1.6.4.3 Weaknesses and competitive threats 311
10.1.7 MITSUBISHI ELECTRIC CORPORATION 312
10.1.7.1 Business overview 312
10.1.7.2 Products/Solutions/Services offered 314
10.1.7.3 Recent developments 315
10.1.7.3.1 Product launches 315
10.1.7.3.2 Deals 315
10.1.7.3.3 Expansions 316
10.1.8 GENERAL ELECTRIC COMPANY 317
10.1.8.1 Business overview 317
10.1.8.2 Products/Solutions/Services offered 319
10.1.8.3 Recent developments 320
10.1.8.3.1 Product launches 320
10.1.8.3.2 Deals 320
10.1.8.3.3 Expansions 321
10.1.9 YOKOGAWA ELECTRIC CORPORATION 322
10.1.9.1 Business overview 322
10.1.9.2 Products/Solutions/Services offered 324
10.1.9.3 Recent developments 325
10.1.9.3.1 Product launches 325
10.1.9.3.2 Deals 326
 
10.1.9.4 MnM view 327
10.1.9.4.1 Key strengths/Right to win 327
10.1.9.4.2 Strategic choices 327
10.1.9.4.3 Weaknesses and competitive threats 327
10.1.10 OMRON CORPORATION 328
10.1.10.1 Business overview 328
10.1.10.2 Products/Solutions/Services offered 330
10.1.10.3 Recent developments 331
10.1.10.3.1 Product launches 331
10.1.10.3.2 Deals 331
10.1.11 ENDRESS+HAUSER GROUP SERVICES AG 332
10.1.11.1 Business overview 332
10.1.11.2 Products/Solutions/Services offered 334
10.1.11.3 Recent developments 335
10.1.11.3.1 Product launches 335
10.1.11.3.2 Deals 335
10.1.11.3.3 Expansions 336
10.1.12 FANUC CORPORATION 337
10.1.12.1 Business overview 337
10.1.12.2 Products/Solutions/Services offered 338
10.1.12.3 Recent developments 339
10.1.12.3.1 Product launches 339
10.1.12.3.2 Expansions 339
10.2 OTHER KEY PLAYERS 340
10.2.1 WIKA ALEXANDER WIEGAND SE & CO. KG 340
10.2.2 DWYWER INSTRUMENTS, LLC 341
10.2.3 STRATASYS 342
10.2.4 3D SYSTEMS 343
10.2.5 FUJI ELECTRIC CO., LTD. 344
10.2.6 HITACHI LTD. 345
10.2.7 KROHNE 346
10.2.8 AZBIL CORPORATION 347
10.2.9 VEGA 348
10.2.10 TRIDITIVE 348
10.2.11 ULTIMAKER 349
10.2.12 ROBOZE 349
10.2.13 SOFTGRIPPING 350
10.2.14 ZIVID 350
10.2.15 TEGAN INNOVATIONS 351
10.2.16 NANO DIMENSION 351
10.2.17 ONROBOT A/S 352
10.2.18 INXPECT S.P.A 352
10.2.19 ADDVERB TECHNOLOGIES LIMITED 353
10.2.20 LOCUS ROBOTICS 354
10.2.21 EIRATECH ROBOTICS LTD. 355
10.2.22 GREYORANGE 356
11 APPENDIX 357
11.1 INSIGHTS OF INDUSTRY EXPERTS 357
11.2 DISCUSSION GUIDE 358
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 362
11.4 CUSTOMIZATION OPTIONS 364
11.5 RELATED REPORTS 364
11.6 AUTHOR DETAILS 365