422 Hardware & Software IT Services racnna Industrial Automation Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software), By Industry (Discrete ‘Automation, Process Automation), and Regional Forecast, 2022-2029 Region: Global | Format PDF | Report 1b: Fn01589 sare £ in seruanxer waits (pion toute version The global industrial automation market size was USD 191.89 illn in 2021. The market is projected to grow fram USD 205.85 bilion in 2022 to USD 395,09 bilion by 2029, exhibiting 2 CAGR of 98% during the forecast period. The global COVID-19 pandemic has been Unprecedented and. staggering, with industrial automation experiencing. lower-har- antipated demand across all regions comparee to pre-pandemic levels. Based on our ‘analysis the global market exhibited a decline of 6:5 In 2020 as compared to 2013, Inthe research report. we have studied the soltions offered by market players such as Emerson Electric Co, Its automation solutions include Programmable “Automation Controllers, Industrial VO, Motion Control, Automation/Contral Sofware, Panel & Industrial PCs, industrial Web Panels, and Industral Monitors. Similarly, ABE'S automation products Include Control systems, Turbocharging, and Programmable Logic Controllers, ‘The advent of 5G wireless technology and the increasing adoption of industy 4.0 are surging the demand for automation solutions across sectors. Expansion of augmented ally (AR), dlgtal twin, digtalzation, and industrial oT is expected to be significant Inclcators of the global industrial automation market growth, For instance, in July 2021, Rockwell Automstion Inc. cllaborated with 3 coue-based product dgtalization and traceabiltyplasform, Kerler AS, The partnership aims to enable manufacturers to capture thew product's end.co-end journey from raw material Sources to the point of sale or beyond by using cloude-based chain solations covip-19 impact Market Ployers Taking Active Into to Mga impact of COVID-19 Pandemic on Businesses ‘The shutdown of factories, plants, and travel restrictions imposed by governments significantly impacted maniacturing facilis, Shortages of raw material, labor, and supely chain disruptions harmed preduction velumes. Automation technology pays 3 erucal role In helping satepuard processes and people during the global COVID-19 pandemic. The ‘major Industrial organization that delivers automation technology Solutions i investing to counter the downturn in material and full consumer requirements during the lockdown. For instance, Emerson has developed viral capabiies that include Virtual Factory Acceptance Tests (WFATS), MyEmerson dighal tools, and oud engineering in the automation industry to minimize team travel. These virtual solutions enable remote collaboration and virtual meetings forte organizations contacts. Market players are taking active iniatives to mitigate the impact of pandemic COVIO-19 on businesses, For instance, in May 2020, Honeywell accelerated the development. and production of vaccines an medical theraples through FastTrack Automation. Silly, n April 2020, ABR offered free acess to Soltware.as--cervice (Saas) and dial appiations amid pandemics te help manufacturing plants and processing industries. LATEST TRENDS HISTORICAL DATA: 160 CHOOSE LICENSE TYPE Single user $4850 (© mtuuser-$5050 eres $7850 EE rersonatize this Research Samer «Compas rad bad on user Scrmurrepsn + bran ben compete Landay at areal On This Report! >>> Client Testimonials -Plsse pass on our sincere “Thank ‘ranks tothe wnok team at mare Fortune Busines sgh. Tis looks Is a very good ple of work che a ana wil be vary hepfl to vs looking we il be geting business oF you Inalgence tom nn ture” Get in Touch with Us & aera saz207 e119 7125 aac & esDlamunssnesnshs conEnrope Industrial Automation Market Slze, 2018-2029 (USD billon) Avvce sample to learn more about this report Increasing Implementation of Digital Twins and AR Technology in Manufacturing to Favor Market Growth Digtal ovin helps organizations understand the feasibly, reduce risk during Implementation and estimate potential improvements. With the advent of the industrial Internet of Things, such as cloud systems and smart sensors, dial twin implementation and maintenance have become more manageable. Orgarizations incorporate cial twin technology into their business operations fo reduce the rk of equipment fllre. also helps to automatialy schedule the repairs by creating @ smaation of the process. For Instance, in uly 2019, DHL International Gmbl, 2 German logistles company, integrated 3 supply chaln solution using a aga twin for Tetra Paks warehouse. would help delver scalable, costetfectve, and agile supply chain operations. Internet of Things oT) technology s incorporated in transport vehicles to create a digital twin. It keeps shipment of essential, such a8 foods and drinks, sae from farm to consumer, Such rising adaption (of cial twin technology i attributed tothe increasing demand for automation solutions Inthe coming years. Disrupeve technologles such as augmented realy (AR) and vctual realty (VR) help in automating business and operational performance. Organizations are leveraging AR to Lpsil their employees to handle digal operations. Market players are incorporating AR technology with their manufacturing tools. Fr instance, Siemens offers ASsist AR, an augmented realty solution that automates the process of assembly, maintenance, and inspection & extracting 3D models from digital manufacturing software and Siemens PLM. Such solutions are tkely to foster the demand for automation solutions in the coming years. Rising Adoption of Industrial oT to Boost Market Value ‘Te loT plays a crucial role in automation technology a5 loT helps create and streamline effective affordable, and responsive systems architectures. Industria oT (lleT) solutions help connect incustrial assets, create transparency quiély and eas, and increase produetvty oT and edge computing solutions help to simpliy device management and shop floor software across the entie Mecycle, Hence, organizations deploy HoT solutions to automate the manufacturing process and provide a better customer experience. Such rapid adoption of oT solutions across industries is expected to foster market grown Industrial lof solutions leverage artical intelligence (Al), advanced analytics, edge computing, and cloud computing to analyze machine data and get meaningful Insights to optimize asset productivity and avail, For instance, Siemens offers Industral lof solutions: IndusralEdge, MindSphere, and Mend, which provide insights from industrial data using advanced technologies such a8 Al, edge computing. cloud, and advanced analyics. Schmalz. a vacuum automation and ergonomic handling solution provider leverages Siemens Industrial los capabilites to enhance customer maintenance and extended analyies services. Hence, such growing expansion of [ndusral oT across industries i likely to crve the market growth inthe upcoming years DRIVING FACTORS Fourth industria! Revolution to Embrace Partnerships ond Collaborations in Global Market Industry 40 has transformed he digital supply chaln across industries, Customers changing, requirements such as personalized and Instantaneous services force ‘organizations to embrace industry 40, With rapid technology evaluation, the market players partner with techno-sawy companies 10 develop new solutions bulk upon proven technologies. For instance, in February 2020, Honeywell international Inc. and Tech 29by empowering manufacturers. Silay, Siemens collaborated with SAP SE to offer industrya0-enabled business procesres to enterprises. These processes wil allow building 2 digtal threae for the complete product fect ‘Wien such partnerships and collaborations, companies are focusing on captalaing on SG, Industry 40, and igital transformation & software capabilties to enable the rmanuiacturers to scale up ther growth and realize the potential of Industyy 40 technologies and solutions. Such partnerships and collaborations are anticipated to boost ‘te demand for automation solutions across industries in the coming years, RESTRAINING FACTORS igh Initial Coptal Investments to Impede Market Growth Industrial automation processes are cost-effective, but the intial capital cost required for the implementation of technology and taining employees is high. Further, the return on Investment (RON cannet be predicted, owing to the fragmented nature of the industry High uptront costs and unpreletable return on investment make small and medium-sized enterprises (SMES) hestant to adopt the benefit of technology. However, smart ‘manufacturing and government pois, uch asthe Government of India MSME business Joan scheme and Make in India movement, are Ikely to overcome this restraint and create ‘market opportunities forthe solutions short SEGMENTATION By Component Analysis, Increasing Demand to Streamline Business Process is Driving Adoption of Automation Software ‘2ased on component, the market Is classified into hardware and sofware, Software is likely to hold a major market share during the forecast period. Automation software Includes human-machine interface (HM, manufacturing operations management (MOM) software, superisory control, and data acquisition (SCADA. It enables businesses to streamline the manufacturing process. The hardware segment is projected to showcase rapid growth during the forecast period, owing to les increasing demand for advanced automation processes inthe industries ay Hardware Analysis Developments in Technology to Boost nnovations in Industral Robots “The hardware segment comprises sensors, Programmable Logic Catrall (21¢) Human. Machine Interface (HMI, servo, laser markers, safety ight curtain, and robots. Servo is anticipated to hold 2 major marketshare, followed by sensors within the hardware. The robots are projected ta show a remarkable growtn rate, With aevancerents in technology and the emergence of industry 4.0, market players are introducing advanced robots for automation purposes. For instance, in January 2021, Omron Corporation launched the i Sseties SCARA robot which automates high-precision, high-speed assembly, and Uwansportation processes Similarly, in May 2020, Mitsubishi Electric Corporation launches MelfaAsssta, a series of robots that collaboratively works with hums, By Sensors Analysis Inductive Sensors to Account for Major Market Share Sensors are further classified Into photoelectric, laser, Inductive, and others. inductve ‘sensors are projected to hold a major marketshare du to thelr capabilities such asa large degree of mounting flexibility, weld field immunity, and robust metalic detection, The photoelectric sensor is estimated to exhibit notable growth, owing to its capabilies such 15 detecting a change in surface condition and detecting objects through several optical properties. Market players introduce advanced sersers to collect data fram automated Systems and provide analysis and decision-making. For instance, in February 2012, Rockwell Automation launched a new photoelectric sensor, “Allen-Bradley A2AF RightSight MBO", designed fr long-stance detection and improving environmental resistance, By Serve Analysis Intricate Postion Control to Surge Demand for Servo Motors and Drives Servo is dassiied into motor and drive, Servo motors and drives are the machinery’s essential components that require intricate positon control such 35 camera focus, Conveyor bak, and robotics automation. Serva drives are expected to hold the highest marketshare, Schneider Electr offers a comprehensive range of servo dives, including a9servo mators for automation systems. For instance, in May 2021, 19 Motion Contra, an electric motors and controler manufacturer, launched 2 new range of servo motors for robotics and industrial applictions. By Motor Analysis, ‘DC Motors to be Prefered Solution for Industral Applications ‘Based on motor ype, servo motor is further categorized into AC motor and DC motor. OC rotors are expected to hold @ major marketshare during the forecast period. OC motors are used explicily in applications designed to move heavy loads in industrial automation applications. For instance, Portescap expanded the DC rato platform ay introducing 22ECP-2A motors witha new amalgamated driver. Such factors contribute tothe growth ot 1D¢ motors across Industrial appieatons. AC motors are likely to grow with the highest ‘CAGR during the forecast period. tts expected to wkness a significant adoption attributed to low maintenance and reduced costs By Industry Analysis Global Industrial Automation Market Siz, By Industry Discrete Automation), 2021 To know how our report can help streamline your business, sp Discrete Automation to Drive Demand for Automation Solutions {2 industry, the market i lasified into discrete automation and process automation. The clscrete automation industry is expected to ald a major marketshare during the forecast Period. The discrete automation industry Is further segmented into automotive, electrons, eawy manufacturing, packaging, and others. Autometive and heavy ‘manufacturing Industes are lkely fo Surge the demand for automation solutions “The process automation industy is sub-categorized into ol & gas, chemicals, pulp & paper, mining ane metals, healthcare, and others. The mining and metals industry s projected to hold a major market share, followed by healthcare ol & gas, and chemicals REGIONAL INSIGHTS Europe Industrial Automation Market Size, 2021 (USD billion) 49‘To get more information on the regional analysis ofthis market, 2 Europe to Dominate Global Market Atributed to Highest Robot Density Globally Geotraphically te market is analyzed across five major regions, inchiding North America Europe, Asia Pacific the Middle East & Africa, and South America. These regions are further categorized into countries. Europe Is kel to dominate inthe global Indusval automation market share during the forecast period, In january 2021, the International Federation of Robotics (FR) stated that, by region, Western Europe (225 units per 10,000 employees) and Nordic European Countries 204 units per 10.000 employees) had maximum robot densky worldwide Germany ranks fourth among the top automated countries globally, with 346 units per 10,000 employees. These are some ofthe key factors that contribute to the major share of the region. ‘Asia Paci fs atilpated to showcase a significant growth rate during the forecast period 2022-2028, Japan is the largest producer of robots and factory automation systems. The presence of robotics & factory automation products and manufacturing companies, such 2 Omron Corp, Yaskawa Electric, Yokogawa Electric, Mitsubishi Elecvc, an Nidec Corp. ‘across Japan contributes to the incustial automation demand inthe reg’, Cina is a major producer of sensors, batteries, microchips, and other components used in the 1oT system, in adltion, in Inda, government natives such as Make in India and SME support small and medium-sized Businesses to adopt advanced manufacturing solutions, Such actve initiates by the government ate expected to propel market growth In this region. However, tne COVID-19 pandemic has caused an aconemic downturn resuling in reduced International business investments, Trade wars between potential economies, such 25 China, the U.S, and india, are expected to impede the market growth. According to the 2019 Singapore Government Trade Figures, the US. holds nearly 20% of Singapore's ‘market share for automation equipment. Precsion sensorsinstrumentaton, micro: electromechanical systems (MEMS), 3D printing smart manufacturing, and the Internet of Things (oT) form automation technology and are key factors of Singapore's longterm economic progress. These factors are projected to fuel the market growth, stry Disrste Automation), 2021 Te know how our report can help streamline your business, y North America will witness significant growth inthe coming years due to manufacturers advanced production capabilities an efficient rading practices. The Middle East & Africa Is projected to have notable growth In the coming years. Wien increasing. ciatal “wansiormation process, the adoption of articial ineigence and robotic process automation is gaining traction in the region South America is estimated to represent 3 steady market growth. Brazil wth growing demand fer advance technologies showcases vast opportunity for automation players. EY INDUSTRY PLAYERS ‘Market Payers are Developing Innovative Applications fr Robotics and Automation Solutions Driven by Significant Investments The market players are invoed In mergers & acquistions, partnerships, and collaborations to expand the market presence, The key players operating in the rarket Include ABB Lt, Rockwell Automation, and Honeywell International, which are developing innovative applications for robaties and automation solutions to achieve new growth 58potential. For instance, ABE Ld. invests approximately Sin research and development to expand ts product portfolio focusing on machine-centric robotics, eigtal factory automation, collaborative robatis, and artifical inteligence. Simlady, in June 2018, PTC partnered with Rockwell Automation, I this partnership, Rockwell Auxomation Invested USD 1 billion in PTC With this partnership, the companies aligned Vutoria augmented realty (AR), PTCS Thingworx Internet of Things (oN), Kepware Industrial connectivity with Rockwell's FacroryTalk MES FactoryTalk Analytics, and other automation platforms. LST OF KEY COMPANIES PROFILED: = ABELL (Switzerland) Emerson EleieCo.(US) + General electric Compary (US) ‘+ Honeywell international in. (U.S) ‘> Mksubsh Electric Corporation (pan) ‘= omron Corporation Wapan) ‘ Bockwell Automaton Ine (US) = Schneider Electric (France) = Siemens AG (Germany) ‘Yokogawa flecttc Corporation Uapan) KEY INDUSTRY DEVELOPMENTS: ‘= July 2021-Rockwel Automation inc. collaborated witha elouc-based product Aighalzation and traceability patio, Kezzler AS, The partnership aims to enable manufactures to capture thei product's ercto-end journey from raw material sources te the point o sale or beyond by using cloud-based chain solutions. ‘= July 2021- siemens AG expanded partnership with SAP SEto dellver a new solution for the services and asst lifecycle management. The partnership aims to connect plant ‘oor operations, product development through dial wins, and remote condition ‘monitoxing with erginal equipment manufacturers (OEMs) ofacitate collaboration across the assetlfecyele, ‘= June 2021- Rockwell Automation ne. acquired Plex Systems, a smart manufacturing Solution provider, for USD 2.22 bilion. The acquisition aims to expand industrial clous offerings with Plax Systems elouc-native smart manufacturing platform, REPORT COVERAGE ‘an infographic Representation of Industrial Automation Market To get information on various segments, Stare You: Quoies Wh “The global indstial automation market report provides a detaled anaysis ofthe market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends land hignlghts key industry developments, In adalton te the aferementiones factors, the report encompasses several factors that have contributed tothe growrh of the advanced market over recent years. Weuse cokes to emance your experienc, By comming to vette ste you sree tour se of oni reg (Geaeeear aeREPORT SCOPE & SEGMENTATION ATTRIBUTE DETAILS Study Period | 2018-2028 Base Year 202 Forecast Period 20222029, Historical Period | 2018-2020, [unt Segmentation Value (USD ilion) “Component Industry, and Geography By Component + Haraware © Photoelectric © Laser © Inductive © Others © Motor oa 2 oc © Drive + Sensors + mc ar + Serve + Laser Markers + Safer Light Curtain + Robots + Software By Industry + Discrete Automation © Automotive © Hecronics © Heavy Manufacturing © Packaging © Others + Process Automation © O1& Gas © chemicals © Pulp & Paper © Mining and Metals © Heattheare © others 119‘+ North America (By Component, By Indust, By County) © US.(ByIndustyy © Canada By Industry) © Mexico (8y Industry) + South Americs (By Component, By Industry, By County) © Brazi(8y Industry) © Argentina @y Industry) © est of South America (By Industry) + Europe By Component By Industry, By Country) © UK (@y Industry) tela By neuen) © Germany (@y Indust) ©. France 8y Industry) © aly ey ndustyn © Spain Gy Industry) © Russia @y dusty) © Benet (By Industry) By Geography @ Nordic (8 Inout) © Restof Europe + Asia Paci fy Component, By Industry, By Country) © China (By industry) © Japan yest) @ tnd (By nds) © South Korea Byinsusty) © ASEAN (8) Iu) © Oceania By Industry) © Rest of Asia Pace 1+ Mideast & Arica (8y Component, By Industry, By Country) © Turkey (By Industry) 6 terse (@y nau) © CC (ey Industry) © North atria By Industyn © South atria By Industry) © Rest of Middle East & Africa FREQUENTLY ASKED QUESTIONS How much wil be the industial automation market worth in 20297 = Fortune Business insights says that the global market size is projected to reach USD 595,09 bilon by 2028, ‘nat was the value ofthe market in 20212 +\Whatis the leading segment inthe market? + Whatis the key factor diving the marker? + ‘Who are the major players in this marke? + Which region held the highest share inthe market? + Which regions expected to exhibit the highest gromth rate? + ‘SEEKING COMPREHENSIVE INTELLIGENCE ON DIFFERENT MARKETS? GET IN TOUCH WITH OUR EXPERTS > > nae = Sonos = yang — — es [Which company scuttle highest Sess Linz > eae Subscribe News Letter contacts enter youremstagd — Submit rust Online Connect with us » GE) @) O®® 1 Sees Plamen ean (Geaeeear Information ag