Industrial Automation Market by Deployment, Component, End-use Industry & Region | Forecast 2023 to 2033
Advancement of 5G Wireless Technology in the Industrial Automation Boosts the Production Level Smoothly. FMI Analyzes More Opportunities with the United States, China, and 20+ Countries.
The industrial automation market is anticipated to capture a valuation of US$ 40.6 billion in 2023 and is rising to US$ 81.4 billion by 2033. The market is estimated at a CAGR of 7.2% during the forecast period. The following factors influencing the market growth are:
Industrial Automation Market - Driving Factors
The growing demand for manufacturing costs, enhanced quality, and high productivity increase the demand for industrial automation.
The adoption of industrial automation is rising to enhance process control and limit lead times surging the market growth.
Growing AR and digital technologies are increasing the demand for industrial automation for manufacturing products.
The rising investment companies, the Internet of Things, presence of manufacturers with innovation skills are driving the market opportunities.
Manufacturers developing real-time data plants for better visibility, efficiency and maintenance are increasing the demand for industrial automation.
End-use industries such as food & beverages, oil & gas, defense, aerospace, and automotive are expanding the market size during the forecast period.
The adoption of industrial automation technologies, including monitoring production processes and HMI, is boosting operational efficiency are advancing market growth.
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A Few of the Challenges Faced in the Industrial Automation Market
The latest manufacturing plants acquire cutting-edge automation technologies for their installation. Huge software, technologies, equipment, and training investments are difficult for new marketers. Therefore, these factors may limit the market expansion during the forecast period.
The high equipment cost and advanced systems lack market growth. Several companies and organizations can't put back their existing system is another factor that declines the market growth. Growing modernization and inappropriateness to handle advanced technologies may limit the market size.
Growing Demand for Safety Automation Solutions Drive the Market Opportunities
Manufacturers are developing advanced safety measures for industrial automation to prevent workplace accidents, uplifting market opportunities. The increasing demand for safety automation products lowers the risk of any uncertainty propelling the market size.
Electrotechnical Commission and the ISO (International Standard Organization) are the leading international authorities that assure machinery's safety, standard quality, and technical services. These technology standards and protocols integrated with the automation system increase market opportunities. The vendors advancing industrial devices and equipment to expand production efficiency are bolstering the market size.
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Industrial Automation Market, 2017 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook
According to Future Market Insights, the global industrial automation market is predicted at a healthy 7.2% CAGRduring the forecast period. Historically, the market registered a CAGR of 12.0% between 2017 and 2022.
The growing adoption of industrial automation in various end-use sectors such as pharmaceuticals, chemicals, oil & gas, and others is expanding the market growth. The key companies are managing to innovate the machinery by adding several technical features such as robotics, sensors, and other driving market opportunities.
This advanced inbuilt system reduced labor force, and errors and operated work faster, consequently growing better opportunities in the market during the forecast period. Rising awareness and technological improvements are fueling the demand for industrial automation. The growing smart, secure, safe, and consistent operative manufacturing increases the adoption of industrial automation.
Short Term (2023 to 2026): Rising demand for high productivity, reduced cost, and fast operation are driving market growth.
Medium Term (2026 to 2029): The increasing adoption of industrial automation due to growing advanced AR (Augmented Reality) technology.
Long Term (2029 to 2033): Rising investment, key companies, government initiatives, and innovations are expanding the market opportunities.
Comparative Analysis of Adjacent Markets
Industrial Automation Market:
Attributes
Industrial Automation Market
CAGR (2023 to 2033)
7.2%
Value (2023)
US$ 40.6 billion
Value (2033)
US$ 81.4 billion
Trends
The increasing adoption of industrial automation is due to growing advanced AR technology.
Opportunities
The increasing demand for safety automation products lowers the risk of any uncertainty propelling the market size.
Industrial PC Market:
Attributes
Industrial PC Market
CAGR (2023 to 2033)
7%
Value (2023)
US$ 5.06 billion
Value (2033)
US$ 9.95 billion
Trends
Rising demand for advanced automation and focus on 5G and the Internet of Things.
Opportunities
Governments initiatives, skilled players, and the availability of innovative technologies
Industrial 3D Printing Market:
Attributes
Industrial 3D Printing Market
CAGR (2023 to 2033)
20%
Value (2023)
US$ 2.85 billion
Value (2033)
US$ 17.64 billion
Trends
Increasing investment and decline in the cost of 3D printers.
Opportunities
Availability of the latest technology and graphic design.
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Top Two Segments in the Market
Segment
Deployment
Top Category
Industrial Sensors
Historic CAGR
11.8%
Forecast CAGR
7.0%
Segment
Component
Top Category
Plant Asset Management
Historic CAGR
11.4%
Forecast CAGR
6.8%
Which Deployment Segment Leading the Global Market?
Based on deployment, industrial sensorsare leading the global market by securing a CAGR of 7.0% during the forecast period. The rising adoption of the Internet of Things, 4.0 technology, and wireless technology are the factors increasing the demand for industrial sensors. The manufacturing industries are further boosting the demand for industrial sensors to deploy with machines to provide certain alert and sound systems. These sensors collect information on a real-time basis and are estimated to surge the market growth. The industrial sensors captured a CAGR of 11.8% in the historic period between 2017 and 2022.
Plant Assets Management Dominates the Component Segment
Plant assets management dominates the global market by occupying a CAGR of 6.8% during the forecast period. The adoption of built-in industrial automation to assess correctly drives the demand for plant asset management. Industrial manufacturers enhance plant asset management by tracking errors and avoiding breakdowns.
Manufacturers are collecting data in real time and managing the quality, which in turn increases the demand for industrial automation. Adoption of plant assets management identifies the problem before production and provides certain actions driving the market growth. Industrial automation assets secured a CAGR of 11.4% in the historic period between 2017 and 2020.
Which End-use Industry Influences the Global Market?
Based on the end-use industry, the mining & metals industryis leading the global market by capturing a significant CAGR during the forecast period. The significantly growing mining and metal industry increased the adoption of industrial automation to solve related problems and manage the work. The growing demand for metal processing equipment to provide accurate and effective results, reduce expenses and increase reliability are driving the market opportunities.
Top Countries Data Table Mentioned Below:
Country
United States
CAGR (2017 to 2022)
11.7%
CAGR (2023 to 2033)
7%
Valuation (2023 to 2033)
US$ 28.8 billion
Country
United Kingdom
CAGR (2017 to 2022)
10.7%
CAGR (2023 to 2033)
6.3%
Valuation (2023 to 2033)
US$ 3.4 billion
Country
China
CAGR (2017 to 2022)
11.3%
CAGR (2023 to 2033)
6.6%
Valuation (2023 to 2033)
US$ 5.8 billion
Country
Japan
CAGR (2017 to 2022)
10.1%
CAGR (2023 to 2033)
5.7%
Valuation (2023 to 2033)
US$ 4.8 billion
Country
South Korea
CAGR (2017 to 2022)
8.8%
CAGR (2023 to 2033)
5.0%
Valuation (2023 to 2033)
US$ 2.8 billion
Growing Deployment of Internet of Things Software Surges the United States Market
The United States dominates the global market by registering a CAGR of 7% with a valuation of US$ 28.8 billion during the foreseen time. The United States market is continuously growing with the technology-driven economy. The innovation of the Internet of Things with software programs and a rising number of end-use industries are propelling the United States industrial automation market.
Adopting advanced industrial automation technology in the food & beverages sector, such as automated material handling, is driving the market. Several key marketers are implementing various strategies to fuel market growth in the coming period.
The oil & gas sector accounts for the maximum revenue in the market by increasing the adoption of industrial automation in the United States. In September 2022, ABB Ltd expanded the industrial automation sector by manufacturing the latest EV charger stations all around the United States. These sufficiently fulfill the requirement for electric vehicles across the United States. The United States secured a CAGR of 11.7% in the historic period between 2017 and 2022.
Robotic Industrial Automation Drives the United Kingdom Market
The United Kingdom is capturing a significant CAGR of 6.3% with a valuation of US$ 3.4 billion during the forecast period. The increasing demand for automatic and advanced machinery to reduce labor workload drives the United Kingdom's industrial automation market. Growing investment in the advanced and latest Artificial Intelligence industrial automation are fueling the market opportunities in the United Kingdom.
The rising demand for robotic and automation products for manufacturing companies is expected to drive market growth. With growing digital transformation, rapid urbanization, and increasing production, the adoption of industrial automation is booming in the United Kingdom market. The United Kingdom captured a CAGR of 10.7% between 2017 and 2022 in the historical period
Emerging Economies and Smart Production Boost China Market
China is one of the significant growing countries in the Asia Pacific region. China is securing a CAGR of 6.6% with a valuation of US$ 5.8 billion during the forecast period. The rising key companies, emerging economies, and present market players are fueling China industrial automation market. The increasing demand for advanced industrial plants and smart manufacturing production is also playing a key role.
Implementing advanced technology and growing end-use industries such as pharmaceuticals, food & beverages, and automotive are expected to flourish the market in China. China captured a CAGR of 11.3% between 2017 and 2022 in the historical period.
Competitive Landscape
The present key players are introducing new advanced products and services in the market all around the globe. These players reduce the work of labor by improving mass production through innovative technologies.
Several automation service vendors invest millions of dollars in research and development activities to develop better marketing skills. The essential players focus on expanding the market by adopting various marketing tactics, including mergers, acquisitions, partnerships, and product launches.
KeyPlayers working in the Industrial Automation Market are:
Schneider Electric (France)
Emerson Electric Co. (USA)
ABB (Switzerland)
General Electric (USA)
Honeywell International (USA)
Mitsubishi Electric (Japan)
FANUC (Japan)
Rockwell Automation (USA)
Siemens (Germany)
Yokogawa Electric (Japan)
Recent Developments:
In February 2021, ABB announced its new cobot range automation robots- GoFa and SWIFT. These robots improve performance through payload and fast work mobility.
In January 2021, Omron announced its new i4 series robot- SCARA, to fast automate speed, transportation, and high-precision assembly. This new series robot includes high performance and light-weighted compact.
In November 2020, Rockwell Automation developed a better version of assets management software. The software provides the latest update and recovers the automation devices.
In June 2022, Siemens and NVIDIA signed an agreement of partnership to bring industrial automation to the next level by adopting Artificial Intelligence and digital twin technology.
In May 2022, Emerson Electric Company announced its new launch- TopWorX DX Partial Stoke Test. This automation solution enhances safety and provides an emergency valve.
In April 2021, Accenture completed its acquisition with Pollux. This acquisition expands the experiences and technical expertise of Pollux in automation solutions.
Scope of Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2017 to 2022
Market Analysis
US$ billion for Value
Key Countries Covered
Unite States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, South Africa, and Türkiye
Key Segments Covered
Deployment
Component
End-use Industry
Region
Key Companies Profiled
Schneider Electric (France)
Emerson Electric Co. (USA)
ABB (Switzerland)
General Electric (USA)
Honeywell International (USA)
Mitsubishi Electric (Japan)
FANUC (Japan)
Rockwell Automation (USA)
Siemens (Germany)
Yokogawa Electric (Japan)
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Industrial Automation Market by Category
By Deployment:
Industrial Robots
Machine Vision System
Process Analyzer
Field Instruments
Human Machine Interface
Industrial PC
Industrial Sensors
Industrial 3D Printing
Vibration Monitoring
By Component:
Supervisory Control and Data Acquisition
Programmable Logic Controller
Distributed Control System
Manufacturing Execution System
Industrial Safety
Plant Asset Management
By End-use Industry:
Oil & Gas, Chemicals
Pharmaceuticals & Medical Devices
Food & Beverages
Energy & Power
Automotive
Machine Manufacturing
Water & Wastewater Treatment
Electronics & Semiconductors
Metals & Mining
Others
By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)
Frequently Asked Questions
What is the Expected Value of the Industrial Automation Market in 2023?
The industrial automation market is valued at US$ 40.6 billion in 2023.
What is the CAGR for the Global Industrial Automation Market from 2023 to 2033?
The industrial automation market’s CAGR from 2023 to 2033 will be 7.2%.
What is the Top 3 Countries’ Value in the Industrial Automation Market?
The top 3 countries’ value in the industrial automation market is US$ 37.2 billion.
What is the Expected CAGR of China’s Industrial Automation Market until 2033?
China’s industrial automation market is estimated to surge at a CAGR of 6.6% through 2033.
Which is the Key Segment by Deployment Value in the Industrial Automation market?
Industrial Sensors are likely to remain preferred in the market.
Table of Content
1. Executive Summary | Industrial Automation Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Deployment
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2017 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033
5.3.1. Industrial Robots
5.3.2. Machine Vision System
5.3.3. Process Analyzer
5.3.4. Field Instruments
5.3.5. Human Machine Interface
5.3.6. Industrial PC
5.3.7. Industrial Sensors
5.3.8. Industrial 3D Printing
5.3.9. Vibration Monitoring
5.4. Y-o-Y Growth Trend Analysis By Deployment, 2017 to 2022
5.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Component
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Component, 2017 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
6.3.1. Supervisory Control And Data Acquisition
6.3.2. Programmable Logic Controller
6.3.3. Distributed Control System
6.3.4. Manufacturing Execution System
6.3.5. Industrial Safety
6.3.6. Plant Asset Management
6.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2022
6.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End-use Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End-use Industry , 2017 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-use Industry , 2023 to 2033
7.3.1. Oil & Gas
7.3.2. Chemicals
7.3.3. Pharmaceuticals & Medical Devices
7.3.4. Food & Beverages
7.3.5. Energy & Power
7.3.6. Automotive
7.3.7. Machine Manufacturing
7.3.8. Water & Wastewater Treatment
7.3.9. Electronics & Semiconductors
7.3.10. Metals & Mining
7.3.11. Others
7.4. Y-o-Y Growth Trend Analysis By End-use Industry , 2017 to 2022
7.5. Absolute $ Opportunity Analysis By End-use Industry , 2023 to 2033
8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Deployment
9.2.3. By Component
9.2.4. By End-use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Deployment
9.3.3. By Component
9.3.4. By End-use Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Deployment
10.2.3. By Component
10.2.4. By End-use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Deployment
10.3.3. By Component
10.3.4. By End-use Industry
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom (UK)
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Deployment
11.2.3. By Component
11.2.4. By End-use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Deployment
11.3.3. By Component
11.3.4. By End-use Industry
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. India
12.2.1.4. Thailand
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. Rest of Asia Pacific
12.2.2. By Deployment
12.2.3. By Component
12.2.4. By End-use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Deployment
12.3.3. By Component
12.3.4. By End-use Industry
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. By Deployment
13.2.3. By Component
13.2.4. By End-use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Deployment
13.3.3. By Component
13.3.4. By End-use Industry
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Deployment
14.1.2.2. By Component
14.1.2.3. By End-use Industry
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Deployment
14.2.2.2. By Component
14.2.2.3. By End-use Industry
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Deployment
14.3.2.2. By Component
14.3.2.3. By End-use Industry
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Deployment
14.4.2.2. By Component
14.4.2.3. By End-use Industry
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Deployment
14.5.2.2. By Component
14.5.2.3. By End-use Industry
14.6. UK
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Deployment
14.6.2.2. By Component
14.6.2.3. By End-use Industry
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Deployment
14.7.2.2. By Component
14.7.2.3. By End-use Industry
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Deployment
14.8.2.2. By Component
14.8.2.3. By End-use Industry
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Deployment
14.9.2.2. By Component
14.9.2.3. By End-use Industry
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Deployment
14.10.2.2. By Component
14.10.2.3. By End-use Industry
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Deployment
14.11.2.2. By Component
14.11.2.3. By End-use Industry
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Deployment
14.12.2.2. By Component
14.12.2.3. By End-use Industry
14.13. Thailand
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Deployment
14.13.2.2. By Component
14.13.2.3. By End-use Industry
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Deployment
14.14.2.2. By Component
14.14.2.3. By End-use Industry
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Deployment
14.15.2.2. By Component
14.15.2.3. By End-use Industry
14.16. GCC Countries
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Deployment
14.16.2.2. By Component
14.16.2.3. By End-use Industry
14.17. South Africa
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Deployment
14.17.2.2. By Component
14.17.2.3. By End-use Industry
14.18. Israel
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Deployment
14.18.2.2. By Component
14.18.2.3. By End-use Industry
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Deployment
15.3.3. By Component
15.3.4. By End-use Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ABB
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. Emerson Electric Co.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. FANUC
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. General Electric
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Honeywell International
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Mitsubishi Electric
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Rockwell Automation
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Schneider Electric
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Siemens
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Yokogawa Electric
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used18. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Deployment, 2017 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Component, 2017 to 2033
Table 4: Global Market Value (US$ Million) Forecast by End-use Industry , 2017 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Deployment, 2017 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Component, 2017 to 2033
Table 8: North America Market Value (US$ Million) Forecast by End-use Industry , 2017 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Deployment, 2017 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by End-use Industry , 2017 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Deployment, 2017 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by End-use Industry , 2017 to 2033
Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 18: Asia Pacific Market Value (US$ Million) Forecast by Deployment, 2017 to 2033
Table 19: Asia Pacific Market Value (US$ Million) Forecast by Component, 2017 to 2033
Table 20: Asia Pacific Market Value (US$ Million) Forecast by End-use Industry , 2017 to 2033
Table 21: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2017 to 2033
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2017 to 2033
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by End-use Industry , 2017 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End-use Industry , 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Deployment, 2017 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by End-use Industry , 2017 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by End-use Industry , 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-use Industry , 2023 to 2033
Figure 17: Global Market Attractiveness by Deployment, 2023 to 2033
Figure 18: Global Market Attractiveness by Component, 2023 to 2033
Figure 19: Global Market Attractiveness by End-use Industry , 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by End-use Industry , 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Deployment, 2017 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by End-use Industry , 2017 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by End-use Industry , 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-use Industry , 2023 to 2033
Figure 37: North America Market Attractiveness by Deployment, 2023 to 2033
Figure 38: North America Market Attractiveness by Component, 2023 to 2033
Figure 39: North America Market Attractiveness by End-use Industry , 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by End-use Industry , 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Deployment, 2017 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by End-use Industry , 2017 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-use Industry , 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-use Industry , 2023 to 2033
Figure 57: Latin America Market Attractiveness by Deployment, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 59: Latin America Market Attractiveness by End-use Industry , 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by End-use Industry , 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Deployment, 2017 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by End-use Industry , 2017 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by End-use Industry , 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by End-use Industry , 2023 to 2033
Figure 77: Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 78: Europe Market Attractiveness by Component, 2023 to 2033
Figure 79: Europe Market Attractiveness by End-use Industry , 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Asia Pacific Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 82: Asia Pacific Market Value (US$ Million) by Component, 2023 to 2033
Figure 83: Asia Pacific Market Value (US$ Million) by End-use Industry , 2023 to 2033
Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Deployment, 2017 to 2033
Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 94: Asia Pacific Market Value (US$ Million) Analysis by End-use Industry , 2017 to 2033
Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by End-use Industry , 2023 to 2033
Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by End-use Industry , 2023 to 2033
Figure 97: Asia Pacific Market Attractiveness by Deployment, 2023 to 2033
Figure 98: Asia Pacific Market Attractiveness by Component, 2023 to 2033
Figure 99: Asia Pacific Market Attractiveness by End-use Industry , 2023 to 2033
Figure 100: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 101: Middle East and Africa Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 102: Middle East and Africa Market Value (US$ Million) by Component, 2023 to 2033
Figure 103: Middle East and Africa Market Value (US$ Million) by End-use Industry , 2023 to 2033
Figure 104: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 106: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2017 to 2033
Figure 109: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 110: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 111: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2017 to 2033
Figure 112: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 113: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 114: Middle East and Africa Market Value (US$ Million) Analysis by End-use Industry , 2017 to 2033
Figure 115: Middle East and Africa Market Value Share (%) and BPS Analysis by End-use Industry , 2023 to 2033
Figure 116: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-use Industry , 2023 to 2033
Figure 117: Middle East and Africa Market Attractiveness by Deployment, 2023 to 2033
Figure 118: Middle East and Africa Market Attractiveness by Component, 2023 to 2033
Figure 119: Middle East and Africa Market Attractiveness by End-use Industry , 2023 to 2033
Figure 120: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
