Factory Automation Market was valued at USD 318.37 Billion in 2023, and is expected to reach USD 578.26 Billion by 2030, exhibiting a CAGR of 8.9 % during the forecast period (2024-2030)
Factory Automation Market Overview:
This comprehensive analysis delves into various segments, industries, and geographical regions to offer profound insights into the growth trajectory of the Factory Automation Market. Additionally, the study meticulously examines the key drivers influencing market expansion while providing an exhaustive evaluation of the market’s value chain.
Factory Automation Market Report Scope & Research Methodology:
The research methodology employed for assessing and forecasting the Factory Automation Market entails gathering revenue data from primary suppliers through secondary research channels. Moreover, vendor offerings are considered during the delineation of market segmentation. Utilizing the bottom-up approach, the revenue of major industry players serves as a foundational metric for determining the overall size of the Factory Automation Market.
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Factory Automation Market Dynamics:
Growing industry demand for IoT-based smart solutions and automation to embrace and enable new and autonomous capabilities is fueled by the shift toward digital transformation. The majority of automation and intelligent solutions are employed in industries to enhance uniform production, boost plant efficiency, and improve product quality. Therefore, it is anticipated that the market for factory automation will grow during the forecast period due to an increase in demand for IoT-based smart solutions. Furthermore, a number of manufacturing sectors prioritize achieving rapid, safe, and effective production outcomes, which increases the demand for factory automation. Furthermore, by standardizing processes, a rise in the adoption of industry 4.0 resolutions is anticipated to influence the direction of the manufacturing sectors. Manufacturing industries are being digitally transformed into smart industries.
Factory Automation Market Segmentation:
The Factory Automation Market is segmented based on:
by Control & Safety System
Distributed Control System (DCS)
Supervisory Control and Data Acquisition System (SCADA)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)
Programmable Logic Controller (PLC)
Human Machine Interface (HMI)
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
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Factory Automation Market Key Players:
The key players dominating the Factory Automation Market include:
1. ABB Ltd
2. Emerson Electric Company
3. GE Company
4. Honeywell International Incorporation
5. Mitsubishi Electric Factory Automation
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric SA
9. Siemens AG
10.Yokogawa Electric corporation
11.Kuka AG
12.Keyence Corporation
13.Fanuc Corporation
14.Bosch Rexroth
15.Fuji Electric Co., Ltd.
16.Endress+Hauser
17.Hitachi Ltd.
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Factory Automation Market Regional Analysis:
Market share insights for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are thoroughly analyzed and presented separately. Our analysts meticulously assess competitive strengths and conduct in-depth competitive analyses on each market contender.
COVID-19 Impact Analysis on Factory Automation Market:
This report also provides a detailed examination of the COVID-19 impact on the Factory Automation Market, encompassing factors such as imports, suppliers, and key players, providing a comprehensive understanding of the market’s response to the pandemic.
Key Questions Answered in the Report:
- Which segment held the largest share in the Factory Automation Market?
- What is the competitive landscape of the Factory Automation Market?
- What are the key factors influencing Factory Automation Market growth?
- Which region dominates the Factory Automation Market share?
- What is the projected CAGR of the Factory Automation Market during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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