USD 209.55 Billion
Industrial Automation Market Size, Share, and Growth Analysis
Industrial Automation Market Size, Share & Growth Analysis, By Component (Hardware (Industrial Control Systems, Field Devices), Software (Product Lifecycle Management (PLM)), By End Use Industry (Transportation Infrastructure), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45E2360 |
Region:
Global |
Published Date: June, 2025
Pages:
198
|Tables:
61
|Figures:
75
Format -
Industrial Automation Market Insights
Global Industrial Automation Market size was valued at USD 220.6 Billion in 2023 and is poised to grow from USD 240.1 Billion in 2024 to USD 471.2 Billion by 2032, growing at a CAGR of 8.8% in the forecast period (2025-2032).
The growth of the market is driven primarily by the increased adoption of sophisticated technologies to enhance productivity and operational efficiency in industries. Businesses are seeking to minimize downtime and human errors, making smart systems and the implementation of robots in manufacturing and production processes a norm. Additionally, the escalating demand for real-time analytics and data for decision-making capabilities has also triggered growth in these technologies. Growing industrialization and the need for low-cost solutions in order to compete in a rapidly globalized economy have also fueled demand.
Some limitations are preventing the market from fully reaching its potential. High initial expenditures of the deployment of advanced systems can be prohibitive, especially for small and medium-sized enterprises. Secondly, the need for experienced personnel to run and support the systems creates a skill gap that many organizations find difficult to fill. Lastly, incompatibility with older systems within existing infrastructures also raises the complexity of integrating new technologies on board, deterring some firms from adopting them.
Despite these hurdles, advances in technology and government incentives are paving the way for further growth. Driven by increasing investment in research and development, lower-cost and flexible solutions tailored to fit various industries are being created. Growing awareness towards sustainability and energy efficiency is also prompting industries to adopt solutions that reduce waste and optimize the utilization of resources. These forces are set to level out challenges and drive the uptake of sophisticated systems globally.
How is Artificial Intelligence Transforming the Industrial Automation Market Landscape?
Artificial intelligence is revolutionizing industrial operations through the achievement of predictive maintenance, minimizing downtime, and efficiency. For instance, Siemens and Microsoft have joined forces to develop AI-powered assistants to optimize manufacturing processes, while Honeywell and Google Cloud are partnering to infuse AI into industrial processes with the view of automating processes and improving decision-making.
Across the globe, governments are investing a lot in AI as they strive to boost industrial power. In China, for example, it has allocated approximately USD 100 billion to invest in AI and robotics in smart manufacturing and health. In America, the government has allocated approximately USD 2 billion to bring AI and robotics into manufacturing and logistics sectors. These investments are a global commitment to leveraging AI for industrial transformation.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
9.2% CAGR
Global Industrial Automation Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Industrial Automation Market Segments Analysis
Global Industrial Automation Market is segmented by Component, End Use Industry and region. Based on Component, the market is segmented into Hardware (Industrial Control Systems, Field Devices), Software (Product Lifecycle Management (PLM), Manufacturing Execution Systems (MES), Enterprise Resource Planning (ERP), Supervisory Control and Data Acquisition (SCADA), Others), and Services (Installation Services, Maintenance & Support Services, Consulting & Training Services, Managed Services). Based on End Use Industry, the market is segmented into Transportation Infrastructure, Energy & Power, Nuclear, Oil & Gas, Manufacturing, Life Sciences, Logistics & Supply Chain, Consumer Packaged Goods, Chemical & Material, Infrastructure & Construction, Aerospace & Defense, Technology & Communications, Environmental Services, Mining & Metals, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
What strategies are component providers using to boost efficiency in industrial automation?
Hardware takes the lead fueled by growing global demand for robots, sensors, and controllers that form a part of automation. China's "Made in China 2025" has driven its manufacturing prowess significantly, particularly in robotics and automation sectors. In the US, players like Rockwell Automation and Honeywell are leading the charge in providing industrial automation solutions. The development of collaborative robots (cobots), which currently represent 11% of all industrial robots, is showcasing this trend. Furthermore, the intersection of AI and IoT in hardware is maximizing efficiency and productivity across industries.
Software is in increasing growth in this industry, driven by the intersection of Industrial IoT (IIoT) and artificial intelligence (AI) technologies to enhance real-time monitoring and predictive maintenance. Global adoption of IIoT devices will surpass 23 billion by 2025, up from 15.1 billion in 2021, reflecting the increasing demand for interconnected systems. Companies such as Siemens are accelerating their digital portfolios through huge buyouts, such as Siemens' USD 10.6 billion buyout of Altair Engineering, to enhance their software capabilities. Additionally, the shift to cloud-based automation offerings is helping industries save on infrastructure costs and enhance operating agility, propelling software adoption further.
What strategies are organizations implementing across end-user industries to enhance efficiency and scalability in this market?
Manufacturing leads this market due to worldwide initiatives to promote automation and smart factories. China's "Made in China 2025" program has further enhanced its manufacturing capabilities, particularly in robotics and automation domains.
The United States has competitors like Rockwell Automation and Honeywell that are leading the industry by providing industrial automation solutions. The growing number of cobots, which are now 11% of all industrial robots, indicates this. In addition, the integration of AI and IoT into hardware components is enhancing efficiency and productivity across all sectors.
The oil and gas sector is rapidly embracing automation driven by necessity to become more efficient, reduce costs, and meet high safety and environmental regulations. Emerging technologies such as AI, IoT, and robotics are at the center of this transition. For instance, AI technologies are enabling predictive maintenance, remote site monitoring, and energy management, leading to cleaner and more sophisticated processes like subsea facility construction and autonomous drilling. SLB (formerly Schlumberger) and others have experienced 20% growth in digital revenues to USD 2.44 billion, with the cause attributed to the use of AI and autonomous operations. Besides, AI technologies are becoming less expensive and faster for the production of oil, with companies like BP and Chevron leveraging AI to improve drilling efficiency and operation continuity. The kind of development is indicative of the industry's emphasis on digital transformation, keeping oil and gas at the epicenter of a rapidly growing space within the industrial automation market.
Global Industrial Automation Market Analysis by Component
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Industrial Automation Market Regional Insights
What makes Asia Pacific the top market for industrial automation in 2024?
The Asia Pacific market leads industrial automation with the rapid rate of industrialization, government initiatives like China's "Made in China 2025," and excessive investments in advanced manufacturing technologies. China, Japan, and India are some of the top countries to lead adoption levels, followed by a focus on robotics, IoT deployment, and AI-driven solutions to achieve increased productivity and efficiency.
The China Industrial Automation Market
China is at the forefront of Asia Pacific for industrial automation, led by the "Made in China 2025" plan to propel manufacturing with technology. China uses more industrial robots than any other country, and automation is increasing across sectors. Some recent reports feature Audi's newly opened Chinese electric vehicle factory where Chinese-produced robots are at the center of the production line, demonstrating China's focus on automation and technological independence.
Japan Industrial Automation Market
Japan is the leader in industrial automation, and it boasts a strong robotics manufacturing industry. IoT, AI, and robotics deployment are encouraged by the "Connected Industries" national strategy. The leaders in developing AI-based automation solutions and cobots are Mitsubishi Electric and OMRON. For example, AI from Mitsubishi Electric optimizes the efficiency of manual tasks by cutting analysis time by up to 99%.
South Korea Industrial Automation Market
South Korea is quickly emerging in industrial automation, especially in auto and semiconductor industries. The government is set to build 4,500 smart factories by 2025 under the umbrella of automation technologies such as machine vision systems and industrial robots. Hyundai Motor Group is set to invest KRW 21 trillion to build its electric vehicle business, which requires sophisticated automation systems.
How is North America Emerging as a Key Driver of Growth in the Industrial Automation Market?
North America is a key driver of industrial automation market growth due to increased manufacturing, strict safety regulation, and high technology adoption. The U.S. is the trendsetter in this case, driven by players such as Rockwell Automation and Honeywell, and strong government policies further assisted in pushing the urge for automation to enhance overall productivity, save costs, and improve operational safety.
United States Industrial Automation Market
The United States dominates North America in industrial automation, fueled by a strong manufacturing industry, technology innovation, and massive investments in automation technologies. The government also has policies in place to facilitate the adoption of automation, such as tax relief and grants to companies that invest in cutting-edge technologies. For example, the U.S. Department of Energy's Office of Advanced Manufacturing sponsors projects that help make energy more efficient and decrease emissions in manufacturing. Furthermore, corporations such as Rockwell Automation and Honeywell are leading the charge in providing industrial automation solutions to place the country at the cutting-edge of the industry.
Canada Industrial Automation Market
Industrial automation in Canada is expanding fast, especially in industries such as manufacturing, healthcare, and natural resources. Canada's government has also created programs to encourage automation, such as a USD 780 million commitment to create a five-year funding agency to develop robotics and related technologies. The program is created to spur innovation, develop a talent pool, and enhance productivity in many different industries. Businesses such as Montreal-based Vention are at the forefront by offering modular automation solutions and creating global manufacturer partnerships.
How is Europe Maintaining Its Position in Industrial Automation Market?
Europe is spearheading industrial automation with a strong focus on Industry 4.0 initiatives and smart manufacturing. Germany, the pioneer leader, paves the way by embracing cutting-edge robotics and IoT integration. Encouraging government policies and digitalization expenditure by France and the UK too also add to enhanced efficiency and innovation.
Germany Industrial Automation Market
Germany is firmly at the helm in Europe's industrial automation market driven by its robust manufacturing base and Industry 4.0 initiative adopting IoT, AI, and robotics in production. Government support in terms of investment and infrastructure development drives innovation. Recent pointers are Siemens' push in its digital factory solutions and Bosch's announcement of AI-powered automation solutions, cementing Germany's position as a global automation leader. These technologies optimize efficiency and competitiveness in automotive, machinery, and electronics industries.
France Industrial Automation Market
France is increasing significantly in industrial automation thanks to government-supported digital transformation initiatives such as "France Industrie 4.0." France is committed to AI and robotics implementation in manufacturing with a high emphasis on aerospace and automobile industries. Schneider Electric's recent launch of new innovative energy management automation solutions is a great example of innovation that fuels growth. Public-private partnerships focus on enhancing skills of the industrial workforce in automation technologies towards supporting sustainable industrial growth. The presence of France's great research centers and incentives for investment leads world players in automation to invest in its market, making it strong.
Italy Industrial Automation Market
Industrial automation in Italy is evolving based on its focus on intelligent production of textile, automotive, and food processing sectors.
Government policies such as "Industria 4.0" offer tax credits and investment funds for automation adoption. ABB Italy recently launched a new center for robotics innovation dealing with AI and machine learning-based technology solutions. This also enhances Italy's ability to improve productivity and lower manufacturing costs. Industry-university collaborations are propelling innovation of tailor-made automation solutions to cater to the needs of Italy's SME-oriented industrial base.
Global Industrial Automation Market By Geography
- Largest
- Fastest
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Industrial Automation Market Dynamics
Industrial Automation Market Drivers
Increased Demand for Increased Productivity and Efficiency
- Increased demand for increased productivity and efficiency is one of the major growth drivers of the world industrial automation market. Governments such as the U.S. Department of Energy spend more than USD 150 million per year on energy-conserving automated manufacturing technology. The U.S. Bureau of Labor Statistics listed a 2.5% increase in the output of manufacturing per hour annually (2018-2023). Market giants Siemens and ABB use automation to minimize downtime by as much as 30%, maximizing working efficiency, and enabling industries to achieve stringent global energy and manufacturing standards.
Artificial Intelligence and Machine Learning Integration
- The combination of AI and machine learning is changing industrial automation worldwide. Governments like Canada have invested USD 125 million in AI research under the Pan-Canadian AI Strategy focusing on manufacturing applications. AI-based automation projects for predictive maintenance and quality assurance are funded by the United States National Institute of Standards and Technology. Market-leading competitors such as Siemens and Honeywell utilize AI-based solutions that increase defect detection by up to 90%, enhancing productivity while addressing changing global regulatory requirements.
Industrial Automation Market Restraints
High Initial Capital Investment and Cost Barriers
- High initial investment restricts automation implementation across the globe, with equipment costs exceeding USD 500,000 by the U.S. Department of Commerce. SMEs are especially disadvantaged by the lack of finance, as identified by the European Investment Bank study of loan access restrictions. Industry giants such as Siemens demonstrate that acceptance of high-end robotics calls for multimillion-dollar budgets, which discourage the smaller players. While some governments like South Korea and Germany provide grants, there are still gaps that leave most of the manufacturers out of accessing funds for upgrading crucial automation when times are cash-crunch.
Cybersecurity Risks and Data Privacy Concerns
- Spike in cyberattacks on industrial networks rose by 35% since 2021, according to the U.S. Cybersecurity and Infrastructure Security Agency (CISA). European Union Agency for Cybersecurity (ENISA) identifies sophisticated vulnerabilities in IoT-based automation. Implication of strict regulations such as GDPR incurs a cost, says the UK Information Commissioner's Office. Industrial giants such as Honeywell spend more than USD 100 million every year on cybersecurity programs to secure automated processes, but non-uniformly applied global standards and dynamically changing threats still act as obstacles in the safe implementation of industrial automation globally.
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Industrial Automation Market Competitive Landscape
The worldwide industrial automation industry is very competitive with major players such as Schneider Electric, Mitsubishi Electric, and Emerson Electric competing on the basis of strategy and innovation partnerships. Governments across the globe are promoting this competition; for example, the U.S. Department of Commerce invested USD 80 million in 2024 to spur R&D partnership initiatives amongst automation companies and universities. Schneider Electric recently won a USD 50 million contract under France's Industry of the Future program focusing on smart factory solutions. Mitsubishi Electric penetrated further through government-sponsored digital transformation initiatives in Japan, consolidating AI deployment in automation. Emerson Electric also gains from the Canadian government's USD 60 million Smart Manufacturing Challenge, which facilitates IoT and cloud-based automation adoption, fueling technology leadership and business growth.
Top Player’s Company Profiles
- ABB
- Emerson
- Siemens
- Schneider Electric
- Mitsubishi Electric
- Bosch Rexroth
- Endress+Hauser
- Honeywell
- Rockwell Automation
- General Electric
- Fanuc Corporation
- Omron Corporation
- Advantech Co., Ltd.
- Hitachi Ltd.
- Keyence Corporation
- Parker Hannifin Corporation
- Yaskawa Electric Corporation
- Beckhoff Automation GmbH & Co.
- Danaher Corporation
- Fuji Electric
Recent Developments in Industrial Automation Market
- Siemens in March 2025 unveiled the AI-powered predictive maintenance platform, AIoT Suite 4.0, to slash factory downtime by 30%. Backed by an investment of USD 120 million, the platform combines edge computing and machine learning to enhance operational efficiency in manufacturing plants worldwide.
- ABB launched its new generation YuMi NextGen series of collaborative robots in August 2024, which is equipped with cutting-edge sensors and artificial intelligence. A USD 95 million R&D spend supported the new product launch as it aims to drive maximum precision and safety for electronics production, greatly increasing productivity while reducing human error.
- Rockwell Automation launched FactoryTalk InnovationSuite in November 2023, an industrial analytics platform on a cloud-based foundation. At a cost of USD 110 million, the suite utilizes IoT and AI to drive improvement in production processes and give manufacturers across the globe real-time insights for making intelligent decisions.
Industrial Automation Key Market Trends
- Growing Adoption of Edge Computing in Industrial Automation: Governments such as Singapore are spending more than USD 200 million for the construction of edge computing facilities for facilitating real-time data processing in factories. The Singapore Economic Development Board reports that it lessens latency and improves decision-making speed, improving automation efficiency and allowing for smart and responsive factory floors in Asia and around the world.
- Increased Government Focus on Automation in Renewable Energy Sectors: The European Commission has invested around USD 500 million under its Green Deal in automation technology for renewable energy manufacturing. It propels automated solar panel and wind turbine manufacturing, fueling energy transition processes with improved efficiency and cost savings, as per the European Industrial Strategy 2024 report.
Industrial Automation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to the SkyQuest analysis, a rise in demand for enhanced productivity and efficiency and the swift penetration of artificial intelligence as well as machine learning are likely to spur strong growth in the global industrial automation market through 2032. Nevertheless, high up-front capital costs, security threats, and lack of skilled personnel are set to restrain market adoption. Government spends on digital infrastructure and upskilling of labor markets, tied as they are, and the crème de la crème of automation players in the offer guarantee sustained dominance for North America. Growth opportunities for the players in the global market will likely arise from new technologies like the adoption of edge computing and automation for renewable energy segments.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 220.6 Billion |
| Market size value in 2032 | USD 471.2 Billion |
| Growth Rate | 8.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Automation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Automation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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