Industrial Automation and Control Systems Market Size, Share, Growth Analysis, By Component Type(Human Machine Interface, Industrial Robots), By Control System(Distributed Control System, Programmable Logic Controller) - Industry Forecast 2024-2031

Industrial Automation and Control Systems Market size was valued at USD 157 Billion in 2021 and is poised to grow from USD 173.49 Billion in 2022 to USD 385.62 Billion by 2030, at a CAGR of 10.5% during the forecast period (2023-2030).

The Industrial Automation and Control Systems Market is a highly competitive landscape, shaped by a constellation of established industry leaders, innovative disruptors, and specialized solution providers. This dynamic environment is driven by a relentless pursuit of technological excellence, customer-centric solutions, and the ability to address evolving industry demands. Prominent players such as Siemens AG, ABB Ltd., Rockwell Automation, Schneider Electric, and Honeywell International have emerged as industry giants, leveraging their extensive expertise and comprehensive product portfolios to cater to a wide spectrum of industrial sectors. Companies continually strive to develop cutting-edge automation and control solutions that offer enhanced efficiency, real-time data insights, and seamless integration. Beyond the established players, a wave of emerging startups and niche players are making significant inroads by focusing on specialized applications, custom solutions, and novel technologies. 'Siemens AG (Germany)', 'ABB Ltd. (Switzerland)', 'Rockwell Automation (US)', 'Schneider Electric (France)', 'Honeywell International Inc. (US)', 'Emerson Electric Co. (US)', 'Mitsubishi Electric Corporation (Japan)', 'General Electric Company (US)', 'Yokogawa Electric Corporation (Japan)', 'Omron Corporation (Japan)', 'Fanuc Corporation (Japan)', 'Beckhoff Automation GmbH & Co. KG (Germany)', 'Keyence Corporation (Japan)', 'Bosch Rexroth AG (Germany)', 'Parker Hannifin Corporation (US)', 'Advantech Co., Ltd. (Taiwan)', 'Wonderware (US)', 'B&R Industrial Automation GmbH (Austria)', 'National Instruments Corporation (US)', 'Endress+Hauser Group (Switzerland)'

The integration of Industry 4.0 principles and the Industrial Internet of Things (IIoT) has propelled the demand for industrial automation and control systems. Manufacturers are increasingly embracing digital transformation to create smart factories, where interconnected devices and systems enable real-time data exchange, predictive maintenance, and seamless communication. For example, companies like Siemens and Schneider Electric have been at the forefront, offering comprehensive solutions that leverage Industry 4.0 concepts to optimize manufacturing processes.

Edge Computing Integration: In 2022, there was a notable trend toward integrating edge computing with industrial automation systems. Edge computing allows data processing to occur closer to the data source, reducing latency and enabling real-time decision-making. This trend has been exemplified by collaborations between automation providers and edge computing companies to create more responsive and efficient systems.

In 2022, Asia Pacific region asserted its market dominance by capturing the largest revenue share, exceeding 37%, and is poised to maintain this commanding position from 2023 to 2030. This growth is primarily attributed to the region's concentration of key market players and emerging enterprises. Furthermore, the escalating demand for enhanced solutions to manage industrial facilities in India and China serves as a driving force behind market expansion within the region. A noteworthy trend in the region involves the transformation of conventional production facilities into smart production facilities, facilitating the widespread adoption of industrial automation and propelling further market growth across Asia Pacific.