Factory Automation Market was valued at USD 318.37 Billion in 2023, and is expected to reach USD 578.26 Billion by 2030, exhibiting a CAGR of 8.9 % during the forecast period (2024-2030)
Factory Automation Market Overview:
This comprehensive analysis delves deeply into various sectors, industries, and geographic regions to offer profound insights into the evolutionary trajectory of the Innovation Management Market. Moreover, the study meticulously examines the key drivers of market expansion while also providing a thorough evaluation of the market's value chain.
Factory Automation Market Report Scope:
This thorough report provides a detailed examination of the global Factory Automation Market industry, focusing on key market trends and dynamics projected to influence the market landscape throughout the Forecast Period. It delves into essential aspects including growth prospects, segmentation, challenges, opportunities, and competitive analysis. Special attention is given to segmentation analysis, offering valuable insights into revenue forecasts by region, type, and application for the Forecast period. Furthermore, the report offers a comprehensive overview of market size, development status, company profiles, and competitive landscape, drawing on data from prominent firms within the industry.
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Factory Automation Market Research Methodology:
Factory Automation Market Drivers of Growth:
As industrial automation creates smart manufacturing infrastructure by fusing information technology with machines and systems, demand for it is rising across a range of industries. It improves product quality by standardizing the manufacturing process and yielding repeatable, consistent results. Furthermore, the use of factory automation has minimized human error and related issues by reducing human intervention in industrial processes. The primary drivers of the factory automation market are the industry players' focus on improving manufacturing process efficiency in order to achieve low costs and high-quality production results. Furthermore, as factory automation addresses the quality control problem associated with mass production, the demand for factory automation rises along with the need for mass production in the manufacturing industries.
Factory Automation Market Segmentation Analysis:
by Control & Safety System
Distributed Control System (DCS)
Supervisory Control and Data Acquisition System (SCADA)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)
Programmable Logic Controller (PLC)
Human Machine Interface (HMI)
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
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Factory Automation Market Key Players:
Prominent players in the Factory Automation Market landscape include,
1. ABB Ltd
2. Emerson Electric Company
3. GE Company
4. Honeywell International Incorporation
5. Mitsubishi Electric Factory Automation
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric SA
9. Siemens AG
10.Yokogawa Electric corporation
11.Kuka AG
12.Keyence Corporation
13.Fanuc Corporation
14.Bosch Rexroth
15.Fuji Electric Co., Ltd.
16.Endress+Hauser
17.Hitachi Ltd.
These industry leaders play a pivotal role in shaping market dynamics and driving innovation.
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Factory Automation Market Regional Insights:
The report provides valuable regional insights, scrutinizing market performance and trends across diverse geographic regions. Recognizing regional dynamics is essential for stakeholders in identifying growth opportunities and devising effective strategies.
Key Questions Answered:
The report tackles crucial queries relevant to stakeholders, such as:
- Which segment exhibited dominance in the Factory Automation Market during the Historical Period?
- What does the competitive landscape of the Factory Automation Market entail?
- What are the primary drivers propelling the growth of the Factory Automation Market in the Upcoming Years?
- Which region commanded the largest market share in the Past Period?
- What is the projected Compound Annual Growth Rate (CAGR) of the Factory Automation Market during the Forecast Period?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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