The Automation and Control Market Size was estimated at USD 123.76 billion in 2023. The Automation and Control market is anticipated to expand from USD 136.64 Billion in 2024 to USD 273.32 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.05% during the projected period (2024 - 2032). Growing demand for advanced technology in industries like manufacturing, aerospace, defense, and others, as well as Industries' 5.0 emergence, are the key market drivers enhancing the growth and expansion of the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The growing need for advanced technology drives Market CAGR for automation and control. With the constant introduction of advanced technologies like robots and artificial intelligence, a rise in the industrial sector can be witnessed. Automation and modern production infrastructure facilitate quick manufacturing and material handling activities. Industries are implementing industrial control and automation systems to boost efficiency and save labor costs. Growth prospects will be produced by the demand from the automation and control market's utility segment. The electrical utility industry was a pioneer in implementing new technologies. Through these technologies, it is able to retrieve data and do digital analytics. With these innovations, process and operation costs are effectively reduced.
In addition, Industry 5.0 has accelerated the adoption of new systems and architectures in the manufacturing sector, resulting in growth opportunities for the market. In the coming years, with the introduction of Industry 5.0, the company’s approach towards management will transform through technological advancement and automation. Due to the requirement for high precision and low error rates, the automotive and information technology industries use smart manufacturing. Adopting automation and control systems has been accelerated using devices like robotic arms with sensors. Additionally, they can provide the increased precision and optimized methodologies needed to standardize devices to facilitate compatibility.
The COVID-19 epidemic resulted in significant end-user industries fully dependent on automation, minimizing operational and economic repercussions. While employees were reluctant to work due to lockdowns, manufacturers were obliged to shift to automated procedures. Key players began automating their procedures individually or in collaboration. Furthermore, the pandemic has greatly accelerated the expansion of automation throughout the manufacturing sector. Additionally, the enormous shifts in consumer behavior brought on by COVID-10 will eventually fuel the expansion of automation and virtualization. Increased robotic automation spending to boost industry standards for productivity, safety, and expenditure and adoption of digital solutions such as continuous tracking and the decision-making process is projected to influence the market's growth significantly.
For instance, Kawasaki Heavy Industries, Ltd. opened "Future Lab HANEDA," a sizable, multi-purpose complex and retail facility for developing robotics systems based on innovation, real-life adoption, and demonstrations of their potential. Moreover, it is anticipated to fuel market growth even more throughout the projected period. Thus, driving the Automation and Control of market revenue.
The Automation and Control Market segmentation, based on Product, includes SCADA, PAC, PLC, HMI, MES, and DCS. The DSC segment dominated the market, accounting for 32% of the market share (USD 35.9 billion) in 2022. Rapid industrialization in developing countries and expansion of existing plants and their capacity are projected to surge the demand for DSC during the projected timeframe.
Figure 1: Automation and Control Market, by Product, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Automation and Control Market segmentation, based on Application, includes HVAC, Safety & Security, and Lighting. The safety and security category holds the highest market share, accounting for 51.6% in 2022. Automated systems will help to decrease process time and error rates, and software or technology allows little to no human intervention, which is beneficial for the safety and security category.
The Automation and Control Market segmentation, based onEnd-Use, includes Commercial, Hospitality, Residential, Retail, Industrial Enterprise, Mining & Metals, and Oil & Gas. Industrial enterprise has dominated the market, contributing 36% of the market share in 2022. Industry 5.0 and the Internet of Things (IoT) are being used by more individuals, and the market for wireless sensors is expanding, fueling the growth of the industrial segment. Decision-making and predictive maintenance solutions are key market development drivers during the projected timeframe.
By Region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region will dominate the automation and control market, accounting for USD 51.3 billion market share in 2022. furthermore, demand for the automotive industry and significant investments in Asia-Pacific regions will boost the market growth.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 4: Automation and Control Market Share by Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
China’s Automation and Control market and the Indian Automation and Control market are the fastest-growing markets in the Asia-Pacific region due to their increasing need for improved manufacturing systems.
In North America, Automation and Control market exhibits the second-highest market share due to the high demand for semiconductor chips. Europe’s Automation and control market is expected to grow at a high compound annual growth rate (CAGR) during the projected timeframe.
For instance, the automobile industry may increase production, decrease factory downtime, improve supply chain efficiency, and quickly respond to market demands. Industrial automation products are being sold by large organizations and employed in a variety of local industries, including automotive, healthcare, manufacturing, and others.
Leading market players are investing heavily in innovation and research & development in Automation systems to increase productivity and minimize labor expenses, which will help the Automation and Control market expand. Market players are also undertaking a strategic approach to expand their worldwide presence, with important market developments including digitalization, mergers and acquisitions, higher investments, transformation, and strategic alliances with other organizations. The Automation and Control industry must improve manufacturing processes and boost productivity to survive and grow in a highly fragmented market.
Manufacturing locally to drop costs incurred during production is one of the key business tactics organizations use in the global Automation and Control industry to increase the quantity and fulfill the market demand. The Automation and Control industry has recently offered significant advantages to advanced technological developments. Major Automation and Control market players, including ABB Group, Bosch Rexroth AG, Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International Inc., KUKA AG, and others, are attempting to cater to market share by investing in automated developments.
ABB is a pioneer in developing power and automation solutions to help business clients increase productivity while reducing environmental impact. Power Items and Systems, Low Voltage Products, and Process Automation are divisions of ABB Group. ABB operations worldwide are trying to provide innovative solutions that increase competitiveness while minimizing environmental effects. Sustainability is essential to all aspects of ABB's operations, just as a technology. The ABB Group tries to balance and incorporate environmental and economic goals. In July 2022, Red Hat and ABB partnered to improve the flexibility and speed of supporting the industry's enterprise platforms and application services built on Red Hat Enterprise Linux using ABB's process automation software. Additionally, this relationship enables Red Hat OpenShift and automated software microservices and virtualization to give improved simplicity of hardware deployment.
Rockwell Automation Inc. (Rockwell) Industrial automation power provides integrated designed packages and panels, midrange architectural systems, consultancy, front-end engineering and design, integration services, and on-machine solutions. Its offerings span drive systems, machine and equipment builders, process solutions, linked and maintenance services, and sustainable production. It also offers connected enterprise solutions. In October 2022, Industrial data software, Cognito, partnered with Rockwell Automation, Inc. Following this partnership, Cognito Data Fusion®, the Industrial DataOps platform, and Rockwell's FactoryTalk® software suite connectivity to industry-tailored analytics and operations management applications will be combined to create an industrial data hub ready for organization scaling.
ABB Group
Bosch Rexroth AG
Emerson Electric Co.
Fanuc Corporation
General Electric Company
Honeywell International Inc.
KUKA AG
Schneider Electric SE
October 2022: Industrial data software, Cognito, partnered with Rockwell Automation, Inc. Following this partnership, Cognito Data Fusion®, the Industrial DataOps platform, and Rockwell's FactoryTalk® software suite connectivity to industry-tailored analytics and operations management applications will be combined to create an industrial data hub ready for organization scaling.
July 2022: Red Hat, a developer of business open-source solutions, and ABB have partnered to improve the flexibility and speed of supporting the industry's corporation platforms and application services built on Red Hat Enterprise Linux using ABB's process automation software. Additionally, this relationship enables Red Hat OpenShift and automated software microservices and virtualization to give improved simplicity of hardware deployment.
March 2022: Emerson introduced MTConnect, an industrial control platform driver that makes it simple to integrate computer numerical control (CNC) equipment with contemporary analysis automation systems. This makes it possible to gather data from machines and devices that were not examined collectively on a single platform. The new drivers promise less downtime, greater effectiveness, and higher output.
SCADA
PAC
PLC
HMI
MES
DCS
HVAC
Safety & Security
Lighting
Commercial
Hospitality
Residential
Retail
Industrial Enterprise
Mining & Metals
Oil & Gas
North America
Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 123.76 billion |
| Market Size 2024 | USD 136.64 billion |
| Market Size 2032 | USD 273.32 billion |
| Compound Annual Growth Rate (CAGR) | 9.05% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application, End-use, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | ABB Group, Bosch Rexroth AG, Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International Inc., KUKA AG, Rockwell Automation, and Schneider Electric SE |
| Key Market Opportunities | Government initiatives that favor manufacturing and economic diversity in emerging nations. |
| Key Market Dynamics | Rising need for automation and control as a result of Industry 5.0's expansion and to lower wage hikes |
Frequently Asked Questions (FAQ) :
The Automation and Control Market size was estimated at USD 123.76 billion in 2023.
The Automation and Control market is anticipated to grow at a CAGR of 9.05% during the 2024-2032 forecasted period.
Asia-Pacific holds the largest share of the Automation and Control Market.
The key players in the market are ABB Group, Bosch Rexroth AG, Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International Inc., KUKA AG, Rockwell Automation, and Schneider Electric SE.
The DCS category (product segment) dominated the market share in 2022.
The Safety and Security category had the largest share of the global market.
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Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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