Product Code: 13063
Market Overview
The global automation market will generate an estimated revenue of USD 129.5 billion in 2024, which is expected to witness a CAGR of 3.8% during 2024-2030, to reach USD 161.6 billion by 2030. The most significant driving force behind the growth of the market is the technological development occurring in the world and the need for improvement of different industries and applications' productivity and profitability.
The latest strategic advancement in the automation market is the development of collaborative automation devices integrated with artificial intelligence. A recent use case that has been adopted is in the agricultural field where drones are fitted with artificial intelligence for spraying pesticides.
Like the drip irrigation technique, it functions on data provided by the AI and ML that are implemented in a system. The awareness that comes with or from AI has in a way allowed the robots to get immersed, understand the circumstances, and improve on decision-making in as much as the required work is concerned.
IoT is seen to be recolonizing industries that function on a large scale with great impact through its benefits like real-time monitoring, positioning, and tracking systems, Linking the alarm to get a quick response, and enhanced security and privacy concerns.
IoT can be defined as a way of connecting entities such as sensors, actuators, and robots. They acquire data and get in touch with each other and ultimately improve production probabilities with high efficiency and explicitness in industries.
Key Insights
Hardware category holds 55% market share in 2024, being the backbone of the automation ecosystem with components like MVS, robots, HMIs, sensors, and actuators.
Software category projected to grow at a CAGR of 4.2% during 2024-2030, driven by AI/ML and IoT integration for efficient operations.
AI category holds the largest share at 45% in 2024, transforming industries with high productivity and minimal effort, leading to Industry 5.0.
Programmable automation dominates with 40% revenue in 2024, used extensively for mass batch production processes in industries.
Robotic process automation (RPA) expected to grow at the highest CAGR during 2024-2030, popular for managing repetitive tasks with software robots.
Workforce automation holds the largest share in 2024, reducing human effort in mundane activities and increasing efficiency and productivity.
Pre-emptive/proactive automation projected to grow at the highest CAGR during 2024-2030, enhancing process streamlining and performance.
Automotive category dominates with 30% revenue in 2024, requiring rapid, precise production and using AI and robots for error-free manufacturing.
North America holds the largest share at 45% in 2024, with industries seeking advanced automation solutions for precision and reliability.
Defense and aerospace, automotive, chemical, pharmaceutical, and food & beverage are significant industries in North America demanding automation.
Industrialization in India and China is driving the need for automated solutions to increase production and cost-effectiveness.
Governments are promoting local manufacturing and Industry 4.0 standards, increasing demand for automated production technologies.
AI-augmented methods in automotive manufacturing ensure rapid, error-free production, enhancing customer safety and comfort.
Industry 4.0 shift is leading to high-tech software solutions development for RPA, SCADA, HMIs, and PLCs.
Continuous software upgrades are necessary as new operational, communication, and security protocols are released, driving growth in the software category.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by component
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by type
- 1.4.4. Market size breakdown, by application
- 1.4.5. Market size breakdown, by end user
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Component (2019-2030)
- 6.3. Market Revenue, by Technology (2019-2030)
- 6.4. Market Revenue, by Type (2019-2030)
- 6.5. Market Revenue, by Application (2019-2030)
- 6.6. Market Revenue, by End User (2019-2030)
- 6.7. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Component (2019-2030)
- 7.3. Market Revenue, by Technology (2019-2030)
- 7.4. Market Revenue, by Type (2019-2030)
- 7.5. Market Revenue, by Application (2019-2030)
- 7.6. Market Revenue, by End User (2019-2030)
- 7.7. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Component (2019-2030)
- 8.3. Market Revenue, by Technology (2019-2030)
- 8.4. Market Revenue, by Type (2019-2030)
- 8.5. Market Revenue, by Application (2019-2030)
- 8.6. Market Revenue, by End User (2019-2030)
- 8.7. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Component (2019-2030)
- 9.3. Market Revenue, by Technology (2019-2030)
- 9.4. Market Revenue, by Type (2019-2030)
- 9.5. Market Revenue, by Application (2019-2030)
- 9.6. Market Revenue, by End User (2019-2030)
- 9.7. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Component (2019-2030)
- 10.3. Market Revenue, by Technology (2019-2030)
- 10.4. Market Revenue, by Type (2019-2030)
- 10.5. Market Revenue, by Application (2019-2030)
- 10.6. Market Revenue, by End User (2019-2030)
- 10.7. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Component (2019-2030)
- 11.3. Market Revenue, by Technology (2019-2030)
- 11.4. Market Revenue, by Type (2019-2030)
- 11.5. Market Revenue, by Application (2019-2030)
- 11.6. Market Revenue, by End User (2019-2030)
- 11.7. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Component (2019-2030)
- 12.3. Market Revenue, by Technology (2019-2030)
- 12.4. Market Revenue, by Type (2019-2030)
- 12.5. Market Revenue, by Application (2019-2030)
- 12.6. Market Revenue, by End User (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Component (2019-2030)
- 13.3. Market Revenue, by Technology (2019-2030)
- 13.4. Market Revenue, by Type (2019-2030)
- 13.5. Market Revenue, by Application (2019-2030)
- 13.6. Market Revenue, by End User (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Component (2019-2030)
- 14.3. Market Revenue, by Technology (2019-2030)
- 14.4. Market Revenue, by Type (2019-2030)
- 14.5. Market Revenue, by Application (2019-2030)
- 14.6. Market Revenue, by End User (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Component (2019-2030)
- 15.3. Market Revenue, by Technology (2019-2030)
- 15.4. Market Revenue, by Type (2019-2030)
- 15.5. Market Revenue, by Application (2019-2030)
- 15.6. Market Revenue, by End User (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Component (2019-2030)
- 16.3. Market Revenue, by Technology (2019-2030)
- 16.4. Market Revenue, by Type (2019-2030)
- 16.5. Market Revenue, by Application (2019-2030)
- 16.6. Market Revenue, by End User (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Component (2019-2030)
- 17.3. Market Revenue, by Technology (2019-2030)
- 17.4. Market Revenue, by Type (2019-2030)
- 17.5. Market Revenue, by Application (2019-2030)
- 17.6. Market Revenue, by End User (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Component (2019-2030)
- 18.3. Market Revenue, by Technology (2019-2030)
- 18.4. Market Revenue, by Type (2019-2030)
- 18.5. Market Revenue, by Application (2019-2030)
- 18.6. Market Revenue, by End User (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Component (2019-2030)
- 19.3. Market Revenue, by Technology (2019-2030)
- 19.4. Market Revenue, by Type (2019-2030)
- 19.5. Market Revenue, by Application (2019-2030)
- 19.6. Market Revenue, by End User (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Component (2019-2030)
- 20.3. Market Revenue, by Technology (2019-2030)
- 20.4. Market Revenue, by Type (2019-2030)
- 20.5. Market Revenue, by Application (2019-2030)
- 20.6. Market Revenue, by End User (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Component (2019-2030)
- 21.3. Market Revenue, by Technology (2019-2030)
- 21.4. Market Revenue, by Type (2019-2030)
- 21.5. Market Revenue, by Application (2019-2030)
- 21.6. Market Revenue, by End User (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Component (2019-2030)
- 22.3. Market Revenue, by Technology (2019-2030)
- 22.4. Market Revenue, by Type (2019-2030)
- 22.5. Market Revenue, by Application (2019-2030)
- 22.6. Market Revenue, by End User (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Component (2019-2030)
- 23.3. Market Revenue, by Technology (2019-2030)
- 23.4. Market Revenue, by Type (2019-2030)
- 23.5. Market Revenue, by Application (2019-2030)
- 23.6. Market Revenue, by End User (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Component (2019-2030)
- 24.3. Market Revenue, by Technology (2019-2030)
- 24.4. Market Revenue, by Type (2019-2030)
- 24.5. Market Revenue, by Application (2019-2030)
- 24.6. Market Revenue, by End User (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Component (2019-2030)
- 25.3. Market Revenue, by Technology (2019-2030)
- 25.4. Market Revenue, by Type (2019-2030)
- 25.5. Market Revenue, by Application (2019-2030)
- 25.6. Market Revenue, by End User (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Component (2019-2030)
- 26.3. Market Revenue, by Technology (2019-2030)
- 26.4. Market Revenue, by Type (2019-2030)
- 26.5. Market Revenue, by Application (2019-2030)
- 26.6. Market Revenue, by End User (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Component (2019-2030)
- 27.3. Market Revenue, by Technology (2019-2030)
- 27.4. Market Revenue, by Type (2019-2030)
- 27.5. Market Revenue, by Application (2019-2030)
- 27.6. Market Revenue, by End User (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Component (2019-2030)
- 28.3. Market Revenue, by Technology (2019-2030)
- 28.4. Market Revenue, by Type (2019-2030)
- 28.5. Market Revenue, by Application (2019-2030)
- 28.6. Market Revenue, by End User (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Siemens AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. ABB Ltd.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Emerson Electric Co.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Schneider Electric
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Rockwell Automation Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Fortive Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Festo Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Mitsubishi Electric Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. AMETEK Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Honeywell International Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. OMRON Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Phoenix Contact
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. Endress+Hauser Group Services AG
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
- 30.14. Yokogawa Electric Corporation
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
- 30.15. MKS Instruments
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports