Industrial Automation Market Analysis

Component (HMI, Industrial Robots, Control Valves, Sensors)

Industrial robots segment is estimated to hold industrial automation market share of over 56% by the end of 2037. The segment growth can be attributed to modern machinery and industrial robots that are widely used by manufacturing businesses worldwide. Currently, tools like these maximize tasks that call for strength, speed, and precision. Robotic industrial automation lowers waste from raw materials, labor needs, and energy consumption. It also guarantees a smooth and continuous workflow in the production process, all of which are factors that are anticipated to propel industry expansion.

As stated in the most recent World Robotics report, an all-time high of 517,385 new industrial robots installed in companies worldwide in 2021. This is a 31% annual growth rate and 22% more than the pre-pandemic record for robot installation in 2018. The number of active robots in the world has just reached a record high of over 3.5 million.

Control System (DCS, PLC, SCADA)

In industrial automation market, DCS segment is set to account for revenue share of more than 65% by the end of 2037. The growth of the segment will be propelled by the quick advancement of industrialization in emerging countries. The fast-paced industrial growth in China and other Asian regions, coupled with a focus on economic development above environmental preservation, can lead to significant environmental degradation in emerging nations.

51 emerging economies make up the Economic Transformation Database (ETD): six in developed Asia, nine in Latin America, four in the MENA area, eighteen in SSA, and fourteen in developing Asia.

Vertical (Aerospace & Defense, Automotive, Chemical, Energy & Utilities, Food & Beverages, Healthcare)

By 2037, healthcare segment is set to hold industrial automation market share of more than 35% owing to the rising use of automation for consultation and services presented to treat patients. In 2020, a study of significant healthcare and pharmaceutical organizations revealed that 90% of them had an AI and automation plan in place, which is an increase from 53% in 2019. In addition, 66 percent of respondents knew something about robotic process automation in 2020, up from 50 percent the year before.

Our in-depth analysis of the global market includes the following segments: