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Industrial Automation Market industry Analysis and Forecast to 2026

Global industrial automation market is to register a substantial CAGR of 8.8% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the adoption of industrial robots in manufacturing sector for fast production capacities.

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Key Developments in the Market

  • In April 2017, IBM and ABB collaborated for industrial artificial intelligence solutions and to enhance the production line through identifying critical faults throughout the manufacturing process. Customers will benefit from the profound understanding of ABB’s domain and comprehensive portfolio of digital alternatives coupled with the expertise of IBM in artificial intelligence and machine learning as well as various vertical industries
  • In July 2018, Microsoft Corp. and GE entered into a partnership to bring operational and information technology together and to eliminate hurdles faced by the industrial companies in advancing digital transformation projects. For driving innovation across the enterprise, GE will leverage Microsoft Azure for extra IT workloads and productivity instruments such as inner Predix-based deployments. This partnership will build deeper connections between both the companies and will enables customers worldwide to harness the power of the Predix portfolio suh as Predix Asset Performance Management

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

Market Drivers:

  • Industrial automation improves product quality and flexibility of manufacturing process is a driver for this market
  • Focus on optimum utilization of resources is a driver for this market
  • Government initiatives regarding adoption of industrial automation in different industries is boosting the growth of this market
  • Technological advancement in control, process monitoring and industrial automation is driving the growth of the market

Market Restraints:

  • High cost and high capital investment required for industrial automation hinders the growth of this market
  • Issues regarding security is restraining the market growth
  • Lack of professionals in industrial automation may hinder the growth of the market

Global Industrial Automation Market By Component (Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface, Industrial PC, Sensors,  Industrial 3D Printing), Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Functional Safety, Plant Asset Management (PAM)), Industry (Process Industry, Discrete Industry), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Segmentation: Global Industrial Automation Market

By Component

  • Industrial Robots
    • Traditional Industrial Robots
      • Articulated Robots
      • Cartesian Robot
      • Selective Compliance Assembly Robot ARM(SCARA)
      • Parallel Robot
      • Others
    • Collaborative Industrial Robots
  • Machine Vision
    • Cameras
      • Analog Camera
      • Digital Camera
      • Smart Camera
    • Frame Gabber, Optics and Led Lighting
      • Processors and Software
    • Control Valves
    • Field Instruments
      • Flow Meters
      • Transmitters
        • Pressure Transmitters
        • Temperature Transmitters
        • Level Transmitters
      • Human–Machine Interface (HMI)
      • Industrial PC
      • Sensors
      • Industrial 3D Printing

By Solution

  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Manufacturing Execution System (MES)
  • Product Lifecycle Management (PLM)
  • Functional Safety
  • Plant Asset Management (PAM)

By Industry

  • Process Industry
    • Oil & Gas
    • Chemicals
    • Paper & Pulp
    • Pharmaceuticals
    • Mining & Metals
    • Food & Beverages
    • Power
    • Others
  • Discrete Industry
    • Automotive
    • Machine Manufacturing
    • Semiconductor & Electronics
    • Aerospace & Defense
    • Medical Devices
    • Others

By Geography

  • North America
    • S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa
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