Global Industrial Automation Market is predicted to reach USD 465.7 billion at a CAGR of 8.96% during the forecast period

Market Research Future published a Cooked research report on “Global Industrial Automation Market Research Report” 

MRFR recognizes the following companies as the key players in the Global Industrial Automation Market— Rockwell Automation Inc., Plex Systems, Siemens AG, Emerson Electric Co., Adverb, ABB Ltd., General Electric Company, Honeywell International Inc., Omron Corporation, Mitsubishi Electric Corporation and Yokogawa Electric Corporation.

Industrial Automation Market Highlights

The Global Industrial Automation Market is accounted to register a CAGR of 8.96% during the forecast period and is estimated to reach USD 465.7 Billion by 2032.

The Global Industrial Automation Market refers to the collective market for technologies, systems, and solutions designed to automate various industrial processes and operations. Industrial automation involves the use of advanced technologies, such as robotics, artificial intelligence, machine learning, control systems, and sensors, to control and monitor industrial machinery and processes with minimal human intervention.

The Global Industrial Automation Market has been witnessing steady growth due to increasing demand for automation in industries, rapid technological advancements, the need for cost optimization, and a focus on improving industrial safety and sustainability.

Segment Analysis

The Global Industrial Automation Market has been segmented based on component and control system.

On the basis of component, the market is segmented into Hardware, Software and Services. The hardware segment dominated the market. The automation of various production tasks is done by industrial automation equipment, which is a class of production tools. The different forms of hardware are industrial robots, sensors, automation cells, conveyors, and specialized equipment like lifters and turn-over machines. 

Based on control system, the market has been segmented into DCS, PLC and SCADA. The SCADA segment dominates the market. SCADA is a computer-based device that examines, collects, and processes data in real-time. It’s a combination of hardware and software module that helps local and remote plant monitoring and control.

Regional Analysis

The Global Industrial Automation Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Industrial Automation Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Industrial Automation Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Industrial Automation Market comprises of Middle East, Africa, and Latin America.

North America, particularly the United States and Canada, has been a major hub for industrial automation due to its highly developed manufacturing sector and technological advancements. The region has witnessed significant adoption of industrial automation technologies across industries like automotive, aerospace, electronics, and pharmaceuticals.

Europe is another prominent region in the global industrial automation market. European industries have been early adopters of robotics, AI, and IoT technologies to enhance production efficiency and maintain competitiveness in the global market.

The Asia-Pacific region has emerged as a significant player in the global industrial automation market. Rapid industrialization, a large manufacturing base, a growing automotive sector, and increasing investments in infrastructure projects have been driving the demand for automation technologies in this region.

Furthermore, the rest of the world's Global Industrial Automation Market is divided into the Middle East, Africa, and Latin America. The industrial automation market in Latin America has been steadily growing. The region's focus on improving manufacturing capabilities and increasing productivity has driven the adoption of automation technologies in industries such as automotive, food and beverage, and pharmaceuticals.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Industrial Automation Market Research Report

Key Findings of the Study

• The Global Industrial Automation Market is expected to reach USD 465.7 Billion by 2032, at a CAGR of 8.96% during the forecast period.


• North America, particularly the United States and Canada, has been a major hub for industrial automation due to its highly developed manufacturing sector and technological advancements.


• Based on component, the market is segmented into Hardware holding the largest market in 2022.


• Rockwell Automation Inc., Plex Systems, Siemens AG, Emerson Electric Co., Adverb, ABB Ltd., General Electric Company, Honeywell International Inc., Omron Corporation, Mitsubishi Electric Corporation, and Yokogawa Electric Corporation.