This report describes and explains the factory automation market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global factory automation market reached a value of nearly $288.77 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.08% since 2019. The market is expected to grow from $288.77 billion in 2024 to $503.27 billion in 2029 at a rate of 11.75%. The market is then expected to grow at a CAGR of 11.62% from 2029 and reach $872.01 billion in 2034.
Growth in the historic period resulted from the increasing digital transformation, rising labor costs, rise in industrialization and growth in robotics adoption. Factors that negatively affected growth in the historic period were high initial costs.
Going forward, the growing adoption of automation, favorable government initiatives, increasing urbanization, increasing adoption of IoT and strong economic growth in emerging markets will drive the growth. Factor that could hinder the growth of the factory automation market in the future include shortage of skilled workforce.
The global factory automation market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 13.93% of the total market in 2023. Keyence Corporation was the largest competitor with a 2.50% share of the market, followed by Mitsubishi Electric Corporation with 2.30%, Fanuc Corporation with 2.00%, Schneider Electric SE with 1.58%, Bosch Rexroth AG (Robert Bosch GmbH) with 1.44%, Yokogawa Electric Corporation with 1.09%, Siemens AG with 0.85%, Omron Corporation with 0.76%, ABB Ltd with 0.76% and General Electric Company with 0.67%.
The factory automation market is segmented by component into sensors, controllers, switches and relays, industrial robots, drives and other components. The industrial robots market was the largest segment of the factory automation market segmented by component, accounting for 26.23% or $75.75 billion of the total in 2024. Going forward, the controllers segment is expected to be the fastest growing segment in the factory automation market segmented by component, at a CAGR of 13.67% during 2024-2029.
The factory automation market is segmented by factory automation technology into distributed control system (DCS), supervisory control and data acquisition system (SCADA), manufacturing execution system (MES), systems instrumented system (SIS), programmable logic controller (PLC), human machine interface (HMI) and other technologies. The supervisory control and data acquisition system (SCADA) market was the largest segment of the factory automation market segmented by factory automation technology, accounting for 25.19% or $72.74 billion of the total in 2024. Going forward, the manufacturing execution system (MES) segment is expected to be the fastest growing segment in the factory automation market segmented by factory automation technology, at a CAGR of 14.39% during 2024-2029.
The factory automation market is segmented by end-user into manufacturing, automotive, packaging and processing, energy and power, semiconductor and electronics, printing and converting and other end-users. The manufacturing market was the largest segment of the factory automation market segmented by end-user, accounting for 30.22% or $87.26 billion of the total in 2024. Going forward, the semiconductor and electronics segment is expected to be the fastest growing segment in the factory automation market segmented by end-user, at a CAGR of 14.38% during 2024-2029.
Western Europe was the largest region in the factory automation market, accounting for 32.18% or $92.91 billion of the total in 2024. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the factory automation market will be South America and Middle East where growth will be at CAGRs of 29.15% and 19.76% respectively. These will be followed by Africa and Eastern Europe where the markets are expected to grow at CAGRs of 16.80% and 15.23% respectively.
The top opportunities in the factory automation market segmented by component will arise in the industrial robots segment, which will gain $62.41 billion of global annual sales by 2029. The top opportunities in the factory automation market segmented by factory automation technology will arise in the supervisory control and data acquisition system (SCADA) segment, which will gain $59.24 billion of global annual sales by 2029. The top opportunities in the factory automation market segmented by end-user will arise in the manufacturing segment, which will gain $70.04 billion of global annual sales by 2029. The factory automation market size will gain the most in China at $38.07 billion.
Market-trend-based strategies for the factory automation market include focus on integration of IoT for enhanced operational efficiency and smart manufacturing, focus on advanced robotics and automation solutions enhancing precision in manufacturing, focus on leveraging AI for enhanced automation in manufacturing operations, focus on focus on facility expansions enabling enhanced production capacity and focus on strategic partnerships and collaborations among market players.
Player-adopted strategies in the factory automation market include focus on enhancing operational capabilities through new launches, focus on enhancing business operations by opening new production facilities and focus on leveraging strategic partnerships, aimed at capturing market share by offering superior performance and efficiency.
To take advantage of the opportunities, the analyst recommends the factory automation companies to focus on IoT integration for enhanced efficiency, focus on advanced robotics for greater productivity, focus on artificial intelligence for smarter automation, focus on facility expansions for enhanced automation, focus on controllers to drive growth, focus on manufacturing execution systems for market growth, expand in emerging markets, focus on strategic partnerships for innovation and efficiency, focus on expanding distribution channels for factory automation companies, focus on pricing strategy alignment with market demand, focus on digital marketing strategies to drive growth for companies, focus on industry trade shows and conferences and focus on semiconductor and electronics for market growth.
The global factory automation market reached a value of nearly $288.77 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.08% since 2019. The market is expected to grow from $288.77 billion in 2024 to $503.27 billion in 2029 at a rate of 11.75%. The market is then expected to grow at a CAGR of 11.62% from 2029 and reach $872.01 billion in 2034.
Growth in the historic period resulted from the increasing digital transformation, rising labor costs, rise in industrialization and growth in robotics adoption. Factors that negatively affected growth in the historic period were high initial costs.
Going forward, the growing adoption of automation, favorable government initiatives, increasing urbanization, increasing adoption of IoT and strong economic growth in emerging markets will drive the growth. Factor that could hinder the growth of the factory automation market in the future include shortage of skilled workforce.
The global factory automation market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 13.93% of the total market in 2023. Keyence Corporation was the largest competitor with a 2.50% share of the market, followed by Mitsubishi Electric Corporation with 2.30%, Fanuc Corporation with 2.00%, Schneider Electric SE with 1.58%, Bosch Rexroth AG (Robert Bosch GmbH) with 1.44%, Yokogawa Electric Corporation with 1.09%, Siemens AG with 0.85%, Omron Corporation with 0.76%, ABB Ltd with 0.76% and General Electric Company with 0.67%.
The factory automation market is segmented by component into sensors, controllers, switches and relays, industrial robots, drives and other components. The industrial robots market was the largest segment of the factory automation market segmented by component, accounting for 26.23% or $75.75 billion of the total in 2024. Going forward, the controllers segment is expected to be the fastest growing segment in the factory automation market segmented by component, at a CAGR of 13.67% during 2024-2029.
The factory automation market is segmented by factory automation technology into distributed control system (DCS), supervisory control and data acquisition system (SCADA), manufacturing execution system (MES), systems instrumented system (SIS), programmable logic controller (PLC), human machine interface (HMI) and other technologies. The supervisory control and data acquisition system (SCADA) market was the largest segment of the factory automation market segmented by factory automation technology, accounting for 25.19% or $72.74 billion of the total in 2024. Going forward, the manufacturing execution system (MES) segment is expected to be the fastest growing segment in the factory automation market segmented by factory automation technology, at a CAGR of 14.39% during 2024-2029.
The factory automation market is segmented by end-user into manufacturing, automotive, packaging and processing, energy and power, semiconductor and electronics, printing and converting and other end-users. The manufacturing market was the largest segment of the factory automation market segmented by end-user, accounting for 30.22% or $87.26 billion of the total in 2024. Going forward, the semiconductor and electronics segment is expected to be the fastest growing segment in the factory automation market segmented by end-user, at a CAGR of 14.38% during 2024-2029.
Western Europe was the largest region in the factory automation market, accounting for 32.18% or $92.91 billion of the total in 2024. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the factory automation market will be South America and Middle East where growth will be at CAGRs of 29.15% and 19.76% respectively. These will be followed by Africa and Eastern Europe where the markets are expected to grow at CAGRs of 16.80% and 15.23% respectively.
The top opportunities in the factory automation market segmented by component will arise in the industrial robots segment, which will gain $62.41 billion of global annual sales by 2029. The top opportunities in the factory automation market segmented by factory automation technology will arise in the supervisory control and data acquisition system (SCADA) segment, which will gain $59.24 billion of global annual sales by 2029. The top opportunities in the factory automation market segmented by end-user will arise in the manufacturing segment, which will gain $70.04 billion of global annual sales by 2029. The factory automation market size will gain the most in China at $38.07 billion.
Market-trend-based strategies for the factory automation market include focus on integration of IoT for enhanced operational efficiency and smart manufacturing, focus on advanced robotics and automation solutions enhancing precision in manufacturing, focus on leveraging AI for enhanced automation in manufacturing operations, focus on focus on facility expansions enabling enhanced production capacity and focus on strategic partnerships and collaborations among market players.
Player-adopted strategies in the factory automation market include focus on enhancing operational capabilities through new launches, focus on enhancing business operations by opening new production facilities and focus on leveraging strategic partnerships, aimed at capturing market share by offering superior performance and efficiency.
To take advantage of the opportunities, the analyst recommends the factory automation companies to focus on IoT integration for enhanced efficiency, focus on advanced robotics for greater productivity, focus on artificial intelligence for smarter automation, focus on facility expansions for enhanced automation, focus on controllers to drive growth, focus on manufacturing execution systems for market growth, expand in emerging markets, focus on strategic partnerships for innovation and efficiency, focus on expanding distribution channels for factory automation companies, focus on pricing strategy alignment with market demand, focus on digital marketing strategies to drive growth for companies, focus on industry trade shows and conferences and focus on semiconductor and electronics for market growth.
Major Market Trends
- Integration of IoT for Enhanced Operational Efficiency and Smart Manufacturing
- Advanced Robotics and Automation Solutions Enhancing Precision in Manufacturing
- Leveraging AI for Enhanced Automation in Manufacturing Operations
- Focus on Facility Expansions Enabling Enhanced Production Capacity
- Strategic Partnerships and Collaborations Among Market Players
Key Mergers and Acquisitions
- AAE Acquired Solara Automation
- Rockwell Automation Acquired Clearpath Robotics
- Emerson Acquired Afag Holding
- SHL Medical Acquired LCA Automation
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Factory Automation Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Factory Automation Market Segmentation
11 Factory Automation Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Factory Automation Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Factory Automation Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global factory automation market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 21 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for factory automation? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The factory automation market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider factory automation market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by factory automation technology and by end-user.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the factory automation market.
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component, by factory automation technology and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for factory automation providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Component: Sensors; Controllers; Switches and Relays; Industrial Robots; Drives; Other Components2) by Factory Automation Technology: Distributed Control System (DCS); Supervisory Control and Data Acquisition System (SCADA); Manufacturing Execution System (MES); Systems Instrumented System (SIS); Programmable Logic Controller (PLC); Human Machine Interface (HMI); Other Technologies
3) by End-User: Manufacturing; Automotive; Packaging and Processing; Energy and Power; Semiconductor and Electronics; Printing and Converting; Other End-Users
Key Companies Mentioned: Keyence Corporation; Mitsubishi Electric Corporation; Fanuc Corporation; Schneider Electric SE; Bosch Rexroth AG (Robert Bosch GmbH)
Countries: China; Australia; India; Indonesia; Japan; South Korea; Thailand; Vietnam, Malaysia; Singapore; Taiwan; USA; Canada; Brazil; Mexico; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; factory automation indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
Some of the major companies featured in this Factory Automation market report include:- Keyence Corporation
- Mitsubishi Electric Corporation
- Fanuc Corporation
- Schneider Electric SE
- Bosch Rexroth AG (Robert Bosch GmbH)
- Yokogawa Electric Corporation
- Siemens AG
- Omron Corporation
- ABB Ltd.
- General Electric Company
- Alliance Automation
- Rockwell Automation Inc.
- Honeywell International Inc.
- Yaskawa Electric Corporation
- Emerson Electric Company
- Renishaw plc
- Automated Industrial Robotics Inc.
- Sewtec Automation
- PepsiCo
- KUKA AG
- AAE Group
- Accenture plc
- Solara Automation
- Clearpath Robotics
- Eclipse Automation
- Ford Motor Company
- Tesla Inc.
- TE Connectivity
- Sense Eletrônica Ltda
- Industrias Metalúrgicas Pescarmona SA (IMPSA)
- Celsia SA
- Cemex Colombia SA
- Metso Outotec
- Graña y Montero SAA
- Alicorp SAA
- Vacker KSA
- Sabic
- Nadec
- Almarai
- Tasnee
- Tulip Technologies
- Nintex
- PG Bison
- Tectra Automation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | February 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 288.77 Billion |
| Forecasted Market Value ( USD | $ 872.01 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 45 |
