Terminal Automation Market Report 2024

The terminal automation market size has grown strongly in recent years. It will grow from $7 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to several factors including an increase in demand for operational efficiency, higher adoption of automated equipment, regulatory pressures emphasizing environmental sustainability, growing requirements for seamless logistics, and the impact of autonomous vehicles reshaping terminal operations.

The terminal automation market size is expected to see strong growth in the next few years. It will grow to $9.91 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing focus on operational efficiency and safety enhancements, rising demand for environmentally sustainable solutions, regulatory mandates promoting automation in logistics and transportation, expanding global trade requiring advanced handling capacities, and growing investments in smart infrastructure development. Major trends expected during this period include the increased adoption of IoT and cloud-based solutions for real-time monitoring, integration of artificial intelligence and machine learning for predictive maintenance and optimization, expansion of automated equipment and robotics in cargo handling, and advancements in digitalization and automation across the logistics and transportation sectors.

The surface mount technology (SMT) equipment market is poised for growth due to increasing demand for electronic devices. Electronic devices utilize electrical energy and rely on electronic circuits to manage currents and signals for diverse applications. Advances in semiconductor technology have led to the creation of smaller, more powerful, and energy-efficient components, enhancing the portability and convenience of electronic devices. SMT equipment plays a crucial role in efficiently and precisely assembling electronic components onto PCBs, supporting the production of sophisticated devices across industries such as consumer electronics, aerospace, and healthcare. For example, in April 2024, Japan Electronics and Information Technology Industries Association reported a significant increase in Japan's electronic components and devices production, underscoring the upward trajectory of electronic device demand driving the SMT equipment market growth.

Leading companies in the SMT equipment market are innovating with intelligent, advanced process control (APC) SMT machines to improve manufacturing precision, efficiency, and reliability. These sophisticated machines integrate artificial intelligence, machine learning, and advanced sensor technologies to optimize component placement and soldering on PCBs. For instance, Panasonic Holdings Corporation launched its NPM-G Series SMT machines in India in September 2023. These machines excel in high-speed placement and significantly enhance throughput and productivity. Featuring advanced vision systems, the NPM-G Series ensures precise component placement, reducing errors and elevating overall product quality. Their modular design allows for easy scalability and customization to meet diverse production needs, while integration with smart factory systems provides real-time monitoring and data analytics for operational optimization.

In November 2021, Nano Dimension Ltd., a US-based 3D printing company, acquired Essemtec AG, a Swiss company specializing in SMT equipment, to bolster its capabilities in automated electronics assembly. This acquisition strengthens Nano Dimension's ability to offer comprehensive PCB prototyping and production solutions, further enhancing its position in the evolving SMT equipment market.

Major companies operating in the terminal automation market are Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Larsen & Toubro Limited, Emerson Electric Co., Rockwell Automation Inc., TechnipFMC plc, INTECH, Petroliam Nasional Berhad (PETRONAS), Zebra Technologies Corporation, General Atomics Aeronautical Systems Inc., Yokogawa Electric Corporation, Endress+Hauser Group Services AG, Royal Vopak N.V., Mofatt & Nichol Inc, Chemtrols Industries Pvt. Ltd., Fabtech Projects & Engineers Ltd., Varec Inc., Advanced Sys-tek Pvt. Ltd., Toptech Systems Inc, Implico GmbH, MHT Technology Ltd.

North America was the largest region in the terminal automation market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the terminal automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the terminal automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Terminal automation involves integrating advanced technologies and systems to optimize the efficiency and safety of terminal operations. Its primary objectives include enhancing operational efficiency, reducing labor costs, improving safety standards, and ensuring quicker and more reliable throughput of goods or passengers.

The main components in the terminal automation market are hardware, software, and services. Hardware encompasses physical devices and machinery used for automating terminal operations, such as sensors, control systems, communication devices, and related equipment. Projects in this field include both brownfield projects (upgrades or expansions of existing terminals) and greenfield projects (new terminal constructions). End-users of terminal automation solutions span industries such as oil and gas, chemicals, and others.

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

The terminal automation market consists of revenues earned by entities by providing services such as tank gauging and inventory management, loading and unloading management, and supervisory control and data acquisition. The market value includes the value of related goods sold by the service provider or included within the service offering. The terminal automation market also includes sales offloading arms and racks, tank gauging systems, and pumps and metering 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 the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

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


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