Automation and Controls Global Market Report 2024

The automation and controls market size has grown rapidly in recent years. It will grow from $127.13 billion in 2023 to $139.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The expansion witnessed in the historic period can be attributed to several key factors, including the industrial revolution which transformed manufacturing processes, the advent of computerization and electrification, the widespread adoption of programmable logic controllers (PLCs), the digital revolution which revolutionized information processing, and the emergence of the Internet of Things (IoT) which connected devices and systems, enabling seamless communication and automation.

The automation and controls market size is expected to see strong growth in the next few years. It will grow to $202.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The projected growth in the forecast period can be attributed to several factors, including the increasing demand for smart manufacturing solutions, the challenges posed by rising labor costs and skills shortages, the growing need for remote monitoring and management capabilities, urbanization, and infrastructure development. Noteworthy trends expected in the forecast period include the widespread adoption of digital twins for enhanced simulation and analysis, continuous technological advancements, the integration of augmented reality (AR) and virtual reality (VR) for improved visualization and training, the expansion of robotics and collaborative robots (cobots), and the increased integration of artificial intelligence (AI) and machine learning for optimization and automation.

The surge in demand for industrial automation is anticipated to drive the expansion of the automation and control market in the foreseeable future. Industrial automation involves the utilization of robotics, machinery, and control systems to execute tasks traditionally performed by human workers. This approach is preferred for its ability to enhance efficiency, productivity, safety, and reliability, while simultaneously reducing operational costs and minimizing human error. Automation and control systems play a pivotal role in industrial automation by streamlining operations, improving precision and productivity, and ensuring consistent quality and safety in manufacturing processes. For example, data from the International Federation of Robotics in October 2022 reveals that factories worldwide installed 517,385 new industrial robots in 2021, representing a remarkable 31% increase from the previous year. Thus, the escalating demand for industrial automation acts as a driving force behind the growth of the automation and control market.

Leading companies in the automation and controls market are dedicated to developing innovative products to maintain their competitive edge. One such innovation is the MTConnect driver, designed to integrate CNC machines into the sophisticated IIoT (Industrial Internet of Things) automation ecosystem, thereby facilitating comprehensive data analysis. For instance, in March 2022, Emerson Electric Co., a prominent U.S.-based engineering company, introduced the MTConnect driver for its Movicon.NExT 4.1.333 platform, bolstering its industrial control offerings by enabling swift and straightforward integration and scalability. This driver facilitates the efficient collection and utilization of critical data from manufacturing assets, including machines, tools, and robots, thereby facilitating informed decision-making at both operational and enterprise levels. While operating as a read-only solution, it enhances Movicon.NExT's capability to assimilate production data within manufacturing environments, thereby empowering businesses to optimize their operations effectively.

In August 2022, Hitachi Ltd., a Japanese firm renowned for its expertise in digital transformation, acquired Flexware Innovation Inc. for an undisclosed sum. This strategic move by Hitachi is geared towards fortifying and augmenting its presence in the domains of Manufacturing Execution Systems (MES), Supervisory Control and Data Acquisition (SCADA), and automation, underscoring its commitment to the automation and controls sector. Flexware Innovation Inc., headquartered in the United States, specializes in delivering software solutions for automation, supervisory control, and MES applications.

Major companies operating in the automation and controls market report are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Group, Johnson Controls International PLC, Emerson Electric Co., Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Delta Electronics Inc., Rockwell Automation Inc., Bosch Rexroth AG, OMRON Corporation, Keyence Corporation, Fanuc Corporation, Dassault Systèmes SE, Fuji Electric Co. Ltd., Yaskawa Electric Corporation, KUKA AG, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, Rittal GmbH & Co. KG, SICK AG, Advantech Co. Ltd., Beckhoff Automation GmbH & Co. KG, National Instruments Corporation, AVEVA Group PLC, B&R Industrial Automation GmbH, Universal Robots A/S.

Asia-Pacific was the largest region in the automation and controls market in 2023. The regions covered in the automation and controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automation and controls market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automation and control encompass the utilization of technology and systems to oversee and manage the production and delivery of goods and services with minimal human intervention. While automation involves the deployment of equipment and control systems, control utilizes technology to regulate and oversee the operation of machinery and systems to achieve desired outcomes.

The primary product types within the realm of automation and controls include programmable logic controllers (PLC), supervisory control and data acquisition (SCADA), programmable automation controllers (PAC), distributed control systems (DCS), human-machine interfaces (HMI), and manufacturing execution systems (MES). Programmable logic controllers (PLCs) are intelligent computing devices that govern machinery in factories by executing instructions to facilitate proper movement and functioning. They find application across various sectors including lighting, heating, ventilation, and air conditioning (HVAC), safety and security, among others, and are utilized by diverse end users spanning residential, commercial, industrial, oil and gas, mining and metals, automotive and transportation, manufacturing, electrical and electronics, and other sectors.

The automation and controls market research report is one of a series of new reports that provides automation and controls market statistics, including automation and controls industry global market size, regional shares, competitors with an automation and controls market share, detailed automation and controls market segments, market trends and opportunities, and any further data you may need to thrive in the automation and controls industry. This automation and controls market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automation and controls market consists of revenues earned by entities by providing services such as installation and integration, training, consulting and design, maintenance and support, and remote monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The automation and control market also includes sales of industrial PCs (UPC), motion control systems, industrial networking equipment, building automation systems (BAS), and process analytical technology (PAT) systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.


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