Automation Boom Transforms Factories:
The industrial control and factory automation market is poised for explosive growth, reaching an estimated $218.8 billion by 2027. This surge reflects a fundamental shift in manufacturing, driven by:
- AI & IoT Revolution: The increasing adoption of artificial intelligence and Internet of Things (IoT) technologies is transforming industrial environments. These tools enable smarter, more efficient operations.
- Government Pushes for Automation: Governments around the world are actively promoting industrial automation initiatives, recognizing its potential to boost productivity and economic growth.
- Rise of AR/VR: Augmented reality (AR) and virtual reality (VR) technologies are finding new applications in industrial settings, enhancing training, maintenance, and design processes.
- Smart Manufacturing Takes Hold: The growing adoption of smart manufacturing techniques across various industries is a key driver. These techniques leverage data and automation to optimize production processes.
Downlod PDF Brochure — https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541
Industrial 3D Printing Leads the Charge: Within the automation market, industrial 3D printing is projected to experience the most significant growth. This technology simplifies tool creation, reduces costs, and enables complex designs, making it a valuable asset for manufacturers.
Predictive Maintenance Takes Center Stage: Predictive Asset Management (PAM) solutions are expected to witness the second-highest growth rate. PAM helps identify potential equipment failures before they occur, allowing for proactive maintenance and preventing costly downtime.
Manufacturing Execution Systems (MES) Gain Traction: MES solutions are also experiencing a surge in popularity. MES helps optimize production processes, improve delivery times, and manage resources effectively, leading to significant cost savings for manufacturers.
Medical Devices Embrace Automation: Among discrete industries, the medical device sector is anticipated to see the fastest growth in automation adoption. This trend is fueled by continuous advancements in healthcare technology and the need for efficient manufacturing processes to meet rising demand.
Asia Pacific: A Hub for Automation Growth: The Asia Pacific region currently holds the largest market share and is expected to maintain its lead. This dominance is driven by government initiatives promoting automation and a focus on industrial innovation. Countries like China and Japan are at the forefront of this movement, with a strong emphasis on smart factories and advanced automation solutions.
Industry Leaders Drive Innovation: Major players like ABB, Emerson, Siemens, Schneider Electric, and others are shaping the future of industrial automation. These companies are constantly developing new technologies and solutions to meet the evolving needs of manufacturers around the globe.
1 INTRODUCTION (Page No. — 42)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 1 FACTORY AND INDUSTRIAL AUTOMATION MARKET: INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 INDUSTRY CONTROL MARKET: SEGMENTATION
FIGURE 2 FACTORY AND INDUSTRIAL AUTOMATION MARKET: REGIONAL SCOPE
1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. — 48)
2.1 RESEARCH DATA
FIGURE 3 INDUSTRIAL AUTOMATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED BY COMPANIES FROM INDUSTRIAL SAFETY MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Arriving at market size through bottom-up approach (demand-side)
FIGURE 5 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Arriving at market size through top-down approach (supply-side)
FIGURE 6 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 ASSUMPTIONS
FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY
2.5 LIMITATIONS AND RISK ASSESSMENT
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines — TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies — helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1–888–600–6441
