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According to the report, the global industrial automation market by Fortune Business Insights in a report, titled “Industrial Automation MarketSize, Share and Industry Analysis, By Component (Hardware and Software), By Industry (Discrete Industry and Process Industry), and Regional Forecast, 2019-2026.”
The global industrial automation market size was valued at USD 157.04 Billion in 2018 is expected to reach USD 296.70 Billion by 2026, exhibiting a CAGR of 8.4%.
The software segment is expected to hold major shares in the market during the forecast period owing to the high adoption of software solutions including human-machine interface (HMI), supervisory control and data acquisition (SCADA), manufacturing operations management (MOM) software and others. In addition, the hardware segment is expected to witness considerable growth owing to the high demand for sensors. For instance, in industries, more than 20 different types of sensors are deployed due to their monitoring capabilities and remote sensing application.
The Key Companies Present In The Industrial Automation Market Include:
Rising Adoption Of Technologies Will Aid Growth
The increasing adoption of technologies such as artificial intelligence (AI) based smart robots, IoT, industrial 4.0 and others will contribute to the industrial automation market trends during the forecast period. The demand for technologies owing to its low manufacturing cost and enhanced quality and reliability will clearly have a positive impact on the market. The rising acquisitions and mergers by key players will create new growth opportunities. For instance, Siemens AG acquired mendix, a low-code application developer company. This acquisition was completed to strengthen its digital enterprise business segment. Moreover, the collaboration between Rockwell Automation and Plug and Play will aid the industrial automation market growth during the forecast period. For instance, Rockwell Automation collaborated with Plug and Play, an innovation platform. This collaboration helps Rockwell Automation to find new opportunities to leverage disruptive industrial IoT technologies.
Increasing Demand for Robots Will Favor Growth
The increasing demand for AI-based industrial robots in various applications such as part transfer, pick and place, packaging, semiconductor manufacturing and others will stimulate growth of the market. For instance, robots are used for self-optimization of the production lines and customized product solutions in the discrete automation industry. Furthermore, the collaboration of Schneider Electric with Stäubli Robotics will accelerate growth of the industrial automation market. For instance, in April 2018, Schneider Electric, France based company, collaborated with Stäubli Robotics to integrate robotics solutions into EcoStruxure smart machines by combining products and software into complete automated solutions. In addition, the partnership of Siemens AG with Alibaba Cloud will encourage growth of the market. For instance, Siemens AG partnered with Alibaba Cloud to develop the Industrial Internet of Things (IIoT) solutions in China.
Get Detailed Analysis on Industrial Automation Market Research Report –
Scope of the Industrial Automation Market Research Report
Table of Content –
5.Global Industrial Automation Market Analysis, Insights and Forecast, 2015 – 20265.1.Key Findings / Summary5.2.Market Sizing Estimations and Forecasts By Product (Revenue)5.2.1.Sensors18.104.22.168.Photoelectric22.214.171.124. Laser126.96.36.199.Inductive188.8.131.52.Other5.2.2.PLC5.2.3.HMI5.2.4.Servo184.108.40.206.Motor220.127.116.11.Drive5.2.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)5.2.6.Safety Light Curtains5.2.7.Robots5.3.Market Sizing Estimations and Forecasts By Industry (Revenue)5.3.1.Discrete Industry18.104.22.168.Automotive22.214.171.124.Electronics126.96.36.199.Heavy Manufacturing188.8.131.52.Packaging184.108.40.206.Others (Aerospace and Defense, High Tech and Others)5.3.2.Process Industry220.127.116.11.Oil and Gas18.104.22.168.Chemicals22.214.171.124.Pulp and Paper126.96.36.199.Mining and Metals188.8.131.52.HealthCare184.108.40.206.Others (Pharmaceuticals, Petroleum, etc)5.4.Market Sizing Estimations and Forecasts By Region (Revenue)5.4.1.North America5.4.2.Europe5.4.3.Asia Pacific5.4.4.Middle East and Africa5.4.5.South America6.North America Industrial Automation Market Sizing Estimations and Forecasts , 2015-20266.1.Market Sizing Estimations and Forecasts By Product (Revenue)6.1.1.Sensors220.127.116.11.Photoelectric18.104.22.168. Laser22.214.171.124.Inductive126.96.36.199.Other6.1.2.PLC6.1.3.HMI6.1.4.Servo188.8.131.52.Motor184.108.40.206.Drive6.1.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)6.1.6.Safety Light Curtains6.1.7.Robots6.2.Market Sizing Estimations and Forecasts By Industry (Revenue)6.2.1.Discrete Industry220.127.116.11.Automotive18.104.22.168.Electronics22.214.171.124.Heavy Manufacturing126.96.36.199.Packaging188.8.131.52.Others (Aerospace and Defense, High Tech and Others)6.2.2.Process Industry184.108.40.206.Oil and Gas220.127.116.11.Chemicals18.104.22.168.Pulp and Paper22.214.171.124.Mining and Metals126.96.36.199.HealthCare188.8.131.52.Others (Pharmaceuticals, Petroleum, etc)6.3.Market Size Estimates and Forecasts By Country (Revenue)6.3.1.United States6.3.2.Canada7.Europe Industrial Automation Market Sizing Estimations and Forecasts , 2015-20267.1.Market Sizing Estimations and Forecasts By Product (Revenue)7.1.1.Sensors184.108.40.206.Photoelectric220.127.116.11. Laser18.104.22.168.Inductive22.214.171.124.Other7.1.2.PLC7.1.3.HMI7.1.4.Servo126.96.36.199.Motor188.8.131.52.Drive7.1.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)7.1.6.Safety Light Curtains7.1.7.Robots7.2.Market Sizing Estimations and Forecasts By Industry (Revenue)7.2.1.Discrete Industry184.108.40.206.Automotive220.127.116.11.Electronics18.104.22.168.Heavy Manufacturing22.214.171.124.Packaging126.96.36.199.Others (Aerospace and Defense, High Tech and Others)7.2.2.Process Industry188.8.131.52.Oil and Gas184.108.40.206.Chemicals220.127.116.11.Pulp and Paper18.104.22.168.Mining and Metals22.214.171.124.HealthCare126.96.36.199.Others (Pharmaceuticals, Petroleum, etc)7.3.Market Size Estimates and Forecasts By Country (Revenue)7.3.1.Spain7.3.2.Italy7.3.3.Germany7.3.4.France7.3.5.UK7.3.6.Rest of Europe8.Asia Pacific Industrial Automation Market Sizing Estimations and Forecasts , 2015-20268.1.Market Sizing Estimations and Forecasts By Product (Revenue)8.1.1.Sensors188.8.131.52.Photoelectric184.108.40.206. Laser220.127.116.11.Inductive18.104.22.168.Other8.1.2.PLC8.1.3.HMI8.1.4.Servo22.214.171.124.Motor126.96.36.199.Drive8.1.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)8.1.6.Safety Light Curtains8.1.7.Robots8.2.Market Sizing Estimations and Forecasts By Industry (Revenue)8.2.1.Discrete Industry188.8.131.52.Automotive184.108.40.206.Electronics220.127.116.11.Heavy Manufacturing18.104.22.168.Packaging22.214.171.124.Others (Aerospace and Defense, High Tech and Others)8.2.2.Process Industry126.96.36.199.Oil and Gas188.8.131.52.Chemicals184.108.40.206.Pulp and Paper220.127.116.11.Mining and Metals18.104.22.168.HealthCare22.214.171.124.Others (Pharmaceuticals, Petroleum, etc)8.3.Market Size Estimates and Forecasts By Country (Revenue)8.3.1.China8.3.2.Japan8.3.3.India8.3.4.Rest of APAC
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