Industrial Automation and Control Systems is anticipated to expand from $202.22 billion in 2024 to $419.65 billion in 2033 with a CAGR of 8.45%. The growth factors include increasing demands for operational efficiency, the development in IoT and AI, productivity requirements, labor cost increase, and government policies for developing smart manufacturing that enhance automation technology use.
For example, IACS is currently applied widely in manufacturing, energy, automotive, chemicals, and food processing industries, where precision and a high output are the core issues. It makes the production lines smooth and effective with minimal defects in manufacturing. In the energy sector, it keeps track of power generation and distribution so as to maximize the use of resources and minimize downtime. IACS reduces labour costs via automating various processes, thereby increasing safety by minimizing human exposure to hazardous environments and enhancing data-driven decision-making for general efficiency.
2. Programmable Logic Controller
3. Supervisory Control and Data Acquisition
4. Others
2. Industrial Robots
3. Control Valves
4. Sensors
5. Others
2. Food & Beverage
3. Healthcare
4. Automotive
5. Oil & Gas
6. Chemical
7. Energy & Utilities
8. Mining & Metal
9. Aerospace & Defense
10. Others
2. Key Persons
3. Recent Development & Strategies
4. Revenue Analysis
2. Honeywell International Inc.
3. General Electric Company
4. Mitsubishi Electric
5. Rockwell Automation
6. Johnson Controls Inc.
7. Schneider Electric
8. Yokogawa Electric Corporation
9. OMRON Corporation
10. Danaher Corporation
Global Industrial Automation and Control Systems Industry Overview
IACS, or industrial automation and control systems, are technologies and systems that govern and monitor industrial processes with a minimal input of human involvement. IACS integrates hardware, software, and devices in the network, assisting in the automation of complicated processes for efficiency, precision, and safety in several sectors. IACS comprises a range of technologies, such as PLCs, DCS, SCADA systems, and others; these have been designed to manage the various particular elements of industrial processes.For example, IACS is currently applied widely in manufacturing, energy, automotive, chemicals, and food processing industries, where precision and a high output are the core issues. It makes the production lines smooth and effective with minimal defects in manufacturing. In the energy sector, it keeps track of power generation and distribution so as to maximize the use of resources and minimize downtime. IACS reduces labour costs via automating various processes, thereby increasing safety by minimizing human exposure to hazardous environments and enhancing data-driven decision-making for general efficiency.
Growth Drivers for the Industrial Automation and Control Systems Market
Rising Demand for Operational Efficiency and Productivity
Increasing stringent demand to enhance productivity, along with reduced operation costs, makes it indispensable for industries to adopt IACS. With this, the process can almost eliminate human error, reduce time taken during production processes, and optimize resource utilization. With the introduction of IACS, manufacturers can monitor operations in real-time and, subsequently, adjust the lines of action regarding their productions. This real-time capability is critical for the industries that are looking to tap the customer demands in a quality-conversant way. Such systems are also important as they minimize waste and energy consumption toward sustainability objectives. Consequently, they are an attractive driver of efficiency and productivity in the market. Jan 2024, ABB has launched a new solution for the cold block stage of the beer manufacturing process-process automation.Advances in IoT, AI, and Machine Learning Technologies
IoT, AI, and machine learning are being incorporated into IACS for better innovation and response in the system. IoT devices scattered throughout industrial processes collect enormous amounts of data, which AI and machine learning further analyze to identify typical patterns and optimize operations. It facilitates predictive maintenance, reducing equipment downtime and enhancing productivity. For instance, AI-based predictive analytics predict equipment failure, thus enabling pre-emptive maintenance before problems arise. Additionally, machine learning allows systems to learn and adapt over time, which then translates into continuous process improvements and continues to add more and more value to IACS, particularly in complex, data-intensive industries. Wiliot has commercially launched its generative AI (GenAI) chatbot, WiliBot ™, in August 2024. This new tool allows people to communicate in natural languages with any product attached to an ambient IoT network, thus allowing further interaction and access by the user.Rising Labor Costs and the Shift Toward Smart Manufacturing
Increasing labor costs globally drive companies to look for more mechanized automation as a way to cut costs. As the ever-increasing need for efficiency increases and skilled labor is short in supply in some areas, IACS is then become a labor-intensive process. In addition, government policies toward smart manufacturing are improving the adoption of automation. This is highly complemented to the countries like North America, Europe, and Asia Pacific. Such schemes are even providing subsidies or tax benefits for using digital technologies. These also are further improving market growth. The total reduced use of manual labor minimizes dependency, maintains the production quality of high consistency, and competition through automated processes makes IACS indispensable in the shift towards smart manufacturing.Canada Industrial Automation and Control Systems Market
In the Canadian market, Industrial Automation and Control Systems are growing rapidly because of the global demand in this aspect. It is necessitated by the need for operational efficiency and advanced manufacturing with responsible energy management. Therefore, Canadian manufacturing, mining, oil and gas, and utilities invest in automation to optimize their productivity and cost reduction. With technological advancements in IoT, AI, and machine learning, real-time monitoring and predictive maintenance have become possible for IACS capabilities. The government initiatives through digitalization and smart manufacturing further fuel adoption. With labor cost increasing more and more firms in Canada are looking into automation solutions. In short, IACS is bound to form an integral part of the industrial landscape in the country. June 2024 - FANUC, global leader in robotics and automation solutions has announced the opening of a new facility in Canada.France Industrial Automation and Control Systems Market
The industrial automation and control systems market in France is growing because of the country's focus on smart manufacturing and modernization. French industries like the automotive and aerospace industries, along with pharmaceutical, are embracing automation to benefit from efficiency, precision, and cost-effectiveness. There is a broad adoption of IoT, AI, and robotics solutions for predictive maintenance, energy management, and production optimization in France. The "Industry of the Future" program supported by the French government accelerates the digital transformation process through incentives, thereby boosting the IACS market. Other factors like an increase in labor costs make companies across France seek automation to remain competitive and simplify their processes and activities.India Industrial Automation and Control Systems Market
The IACS market in India is on a rising trend due to its rapid industrialization as well as efforts to pursue a digital transformation within the nation. Additionally, the country makes efforts to boost manufacturing efficiency. High adoption of automation from the automotive, chemicals, and electronics sectors is seen in terms of increased productivity, quality, and cost management. Support for real-time monitoring and predictive maintenance through emerging technologies such as IoT, AI, and robotics drives the need for IACS. Schemes like ""Make in India"" and incentives for digitalization are further encouraging growth in automation. IACS would be of paramount importance for any Indian industry, if in future, such an industry wants to remain competitive and still look smart. In 2024, ABB India had launched ABB-free@home® for the Indian market- an intelligent smart home automation system that delivers comfort, security and, above all energy efficiency. This wireless solution allows users to control different devices, including appliances, third-party items, and EV chargers, from a single interface.UAE Industrial Automation and Control Systems Market
The IACS market in the UAE is increasingly on the growth trajectory with a focus on digital transformation and smart manufacturing. Major industries, such as oil and gas, manufacturing, and utilities, use automation on a large scale in order to increase productivity, cost reduction, and improve safety. Technologies like IoT, AI, and robotics assist in predictive maintenance, energy efficiency, and real-time monitoring towards operational excellence. Government initiatives such as ""Industry 4.0"" and incentives for digitalization further propel the adoption of IACS. High labor costs and the pressure of high efficiency make IACS a strategic focus for companies in the UAE wanting to compete. May 2024 - Honeywell and Volts UAE will set up Abu Dhabi's first gigafactory for battery cells for Residential Energy Storage Systems; the final completion is expected at the end of 2026, following discussions at COP28 about sustainability.System- Industry is divided into 4 viewpoints:
1. Distributed Control System2. Programmable Logic Controller
3. Supervisory Control and Data Acquisition
4. Others
Component Type- Industry is divided into 5 viewpoints:
1. HMI2. Industrial Robots
3. Control Valves
4. Sensors
5. Others
End Use- Industry is divided into 10 viewpoints:
1. Manufacturing2. Food & Beverage
3. Healthcare
4. Automotive
5. Oil & Gas
6. Chemical
7. Energy & Utilities
8. Mining & Metal
9. Aerospace & Defense
10. Others
Countries- Industry is divided into 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All companies have been covered with 4 Viewpoints
1. Overview2. Key Persons
3. Recent Development & Strategies
4. Revenue Analysis
Company Analysis
1. Siemens AG2. Honeywell International Inc.
3. General Electric Company
4. Mitsubishi Electric
5. Rockwell Automation
6. Johnson Controls Inc.
7. Schneider Electric
8. Yokogawa Electric Corporation
9. OMRON Corporation
10. Danaher Corporation
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Industrial Automation & Control Systems Market
4. Market Dynamics
6. Market Share Analysis
7. System
8. Component Type
9. End User
10. Countries
11. Porter’s Five Forces Analysis
12. SWOT Analysis
13. Key Players Analysis
Companies Mentioned
- Siemens AG
- Honeywell International Inc.
- General Electric Company
- Mitsubishi Electric
- Rockwell Automation
- Johnson Controls Inc.
- Schneider Electric
- Yokogawa Electric Corporation
- OMRON Corporation
- Danaher Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 202.22 Billion |
| Forecasted Market Value ( USD | $ 419.65 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
