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Introduction
Factory automation is the process of using control systems such as computer or robots, and information technologies to handle various complex processes and machineries. The growing IoT technology market is attracting the industry of various verticals to deploy high performing low cost processors, analytic software, cloud computing and, highly distributed system in manufacturing & production process in order to increase the frequency of industrial production and to meet the increasing global consumer demand. These developments are thereby expanding the options to design lower cost and higher value industrial automation systems.
IoT in industries is a growing trend namely in manufacturing, mining, agriculture, oil & gas, and utilities. The new technology adaptation not only building manufacturing more productive, but also making the work smarter than before. With smart manufacturing, businesses can predictively meet the business needs via intelligent & automated actions and would transform businesses into proactive, autonomic organizations.
The changing consumer market has built high need of deployment of technically advanced automation process in manufacturing and production process of an industry. Flexible production system with high end IT enabled process provides fast, and safe production process which is efficient, flexible, reliable and cost-effective solution. The economic pressure which affects performance and growth of an industry is the one of the factor behind utilizing industrial automation process.
Factory automation is the process of using control systems such as computer or robots, and information technologies to handle various complex processes and machineries. To handle these complex processes, and to function the operations smoothly, highly skilled professionals are required. Also, the small & medium size manufacturing industries are still not investing in implementation of automation in their respective factories. These are the major factors that could hinder the growth of factory automation market.
The global factory automation market is expected to grow approximately at USD 241.27 Billion by 2022, approx. 8.59% of CAGR during the forecast period.
Key Players
The key players of factory automation market includes Siemens AG (Germany), ABB Ltd (Switzerland), Emerson Electric Corporation (U.S.), Rockwell Automation (U.S.), Honeywell International Inc. (U.S.), Schneider Electric (France), Rexroth Bosch Group (Germany), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan) and Omron Corporation (Japan) among others.
Global Factory Automation Market Analysis & Forecast, from 2016 to 2022
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the factory automation market.
• To provide insights about factors affecting the market growth.
• To analyze the factory automation market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific and Middle East & Africa.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis of type, technologies and end user.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the factory automation market.
Target Audience
• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrators
• Government Organizations
• Research/Consultancy firms
Key Findings
• The global factory automation market is expected to reach USD 241.27 Billion by 2022.
• By Type, fixed automation sub segment in factory automation market accounts for the largest market share and is growing with approximately ~10% CAGR during forecast period.
• By Technologies, supervisory control and data acquisition segment holds the largest market share and is growing with approximately ~11% CAGR by the end of forecast period.
• By End User, manufacturing sub segment holds the largest market share and is growing with approximately 7% CAGR by the end of forecast period.
• Geographically, North America region has been projected to hold the largest market share in global factory automation market whereas, Asia Pacific is expected to be the fastest growing region in the factory automation market.
Regional and Country Analysis of Factory automation Market Estimation and Forecast
The ongoing global trend towards factory automation is being reflected by an increase in the number of industrial robots in the U.S. market. Also, there has been an upward trend in factory automation in the Asia pacific region. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of the Europe
• Asia – Pacific
o China
o Japan
o South Korea
o India
o Rest of the Asia Pacific
• Middle East & Africa
Factory automation is the process of using control systems such as computer or robots, and information technologies to handle various complex processes and machineries. The growing IoT technology market is attracting the industry of various verticals to deploy high performing low cost processors, analytic software, cloud computing and, highly distributed system in manufacturing & production process in order to increase the frequency of industrial production and to meet the increasing global consumer demand. These developments are thereby expanding the options to design lower cost and higher value industrial automation systems.
IoT in industries is a growing trend namely in manufacturing, mining, agriculture, oil & gas, and utilities. The new technology adaptation not only building manufacturing more productive, but also making the work smarter than before. With smart manufacturing, businesses can predictively meet the business needs via intelligent & automated actions and would transform businesses into proactive, autonomic organizations.
The changing consumer market has built high need of deployment of technically advanced automation process in manufacturing and production process of an industry. Flexible production system with high end IT enabled process provides fast, and safe production process which is efficient, flexible, reliable and cost-effective solution. The economic pressure which affects performance and growth of an industry is the one of the factor behind utilizing industrial automation process.
Factory automation is the process of using control systems such as computer or robots, and information technologies to handle various complex processes and machineries. To handle these complex processes, and to function the operations smoothly, highly skilled professionals are required. Also, the small & medium size manufacturing industries are still not investing in implementation of automation in their respective factories. These are the major factors that could hinder the growth of factory automation market.
The global factory automation market is expected to grow approximately at USD 241.27 Billion by 2022, approx. 8.59% of CAGR during the forecast period.
Key Players
The key players of factory automation market includes Siemens AG (Germany), ABB Ltd (Switzerland), Emerson Electric Corporation (U.S.), Rockwell Automation (U.S.), Honeywell International Inc. (U.S.), Schneider Electric (France), Rexroth Bosch Group (Germany), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan) and Omron Corporation (Japan) among others.
Global Factory Automation Market Analysis & Forecast, from 2016 to 2022
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the factory automation market.
• To provide insights about factors affecting the market growth.
• To analyze the factory automation market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific and Middle East & Africa.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis of type, technologies and end user.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the factory automation market.
Target Audience
• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrators
• Government Organizations
• Research/Consultancy firms
Key Findings
• The global factory automation market is expected to reach USD 241.27 Billion by 2022.
• By Type, fixed automation sub segment in factory automation market accounts for the largest market share and is growing with approximately ~10% CAGR during forecast period.
• By Technologies, supervisory control and data acquisition segment holds the largest market share and is growing with approximately ~11% CAGR by the end of forecast period.
• By End User, manufacturing sub segment holds the largest market share and is growing with approximately 7% CAGR by the end of forecast period.
• Geographically, North America region has been projected to hold the largest market share in global factory automation market whereas, Asia Pacific is expected to be the fastest growing region in the factory automation market.
Regional and Country Analysis of Factory automation Market Estimation and Forecast
The ongoing global trend towards factory automation is being reflected by an increase in the number of industrial robots in the U.S. market. Also, there has been an upward trend in factory automation in the Asia pacific region. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of the Europe
• Asia – Pacific
o China
o Japan
o South Korea
o India
o Rest of the Asia Pacific
• Middle East & Africa
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
