About Factory Automation
The factory automation market is experiencing rapid growth, driven by advancements in Industry 4.0, AI, robotics, and IoT. Manufacturers are increasingly adopting automated systems and to enhance productivity, reduce operational costs, and address labor shortages. The integration of AI-powered robotics, collaborative robots (cobots), and autonomous mobile robots (AMRs) is transforming production lines by improving precision and efficiency. Additionally, 5G and edge computing enable real-time monitoring and predictive maintenance, reducing downtime and enhancing decision-making. Opportunities exist in emerging markets, particularly in Asia-Pacific and Latin America, where automation adoption is rising. Governments worldwide are also offering incentives to support smart factory transformations. As industries continue shifting towards fully autonomous manufacturing ecosystems, factory automation is set to redefine industrial production, making operations more intelligent, sustainable, and cost-effective in the coming years.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Competition among existing players is due to the Factory Automation market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Factory Automation Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Factory Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens, Mitsubishi Electric, ABB, Emerson, Rockwell Automation, Schneider Electric, Siemens AG (Germany), Rockwell Automation (USA), ABB Ltd. (Switzerland), Mitsubishi Electric (Japan), Schneider Electric (France), Fanuc Corporation (Japan), Honeywell International (USA), Yaskawa Electric Corporation (Japan), Bosch Rexroth (Germany) and Omron Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are KUKA AG (Germany), Emerson Electric Co. (USA), Keyence Corporation (Japan), Universal Robots (Denmark) and B&R Industrial Automation (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Factory Automation market by Type (Fixed Automation, Programmable Automation, Flexible Automation and Integrated Automation), Application (Oil and Gas, Power Industry, Automotive, General Manufacturing and Others) and Region.
On the basis of geography, the market of Factory Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. SCADA will boost the Factory Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Manufacturing will boost the Factory Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of robots that work alongside humans.
Market Growth Drivers:
Rising Demand for Automation for Qualitative & Reliable Manufacturing and Increased adoption of digital technologies, IoT, and AI in manufacturing.
Challenges:
Cybersecurity Risks
Restraints:
High Initial Investment
Opportunities:
Automated systems improve accuracy, reduce downtime, and enhance output. and Automated solutions enable flexible manufacturing for personalized products.
Market Leaders and their expansionary development strategies
In November 2024, Addverb Technologies announced its venture into humanoid robotics, aiming to launch next-generation humanoid robots in 2025, developed in collaboration with Reliance using Jio's AI platform and 5G services.
In August 2024, Okuma America Corporation launched the ORL series, a proprietary line of automated robotics designed to seamlessly load and unload workpieces, increasing productivity and aiding operator efficiency.
Key Target Audience
Factory Automation Manufacturers, Maintenance and Service Providers, Raw Material Suppliers, ENd Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.