Industrial Automation Market size was over USD 234.08 billion in 2024 and is anticipated to cross USD 726.25 billion by 2037, growing at more than 9.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial automation is estimated at USD 251.12 billion.
The reason behind the growth is the rising adoption of industrial automation across the globe to improve quality and high efficiency, leading to more options in the industrial automation landscape. According to the International Trade Administration (ITA) for the least robot adopters, productivity increased by 5.1 percent for every 1% rise in industrial robot density. Productivity and industrial robot density were positively correlated across all industries. Despite using fewer industrial robots than other industries throughout this period, the mining and quarrying sector had the most productivity growth.
Author Credits: Richa Gupta
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