Factory Automation Market: Global Industry Analysis and Forecast (2021-2027) by Component, Control System, Industry and, Region.

Factory Automation Market size was valued at US$ 195 Billion in 2020 and the total Factory Automation revenue is expected to grow at 8.8% through 2021 to 2027, reaching nearly US$ 351.9 Billion.

Factory Automation Market Overview:

Factory Automation is defined as a range of technologies that minimize human intervention in different processes and system maintenance. Human intervention is minimized by pre-planned decision flows, inter-process networking, and related actions and deploying those pre-planned decision criteria in factory machines. Factory Automation inculcates the use of different components and control systems such as machinery, conveyor belts, boilers, and heat-treating mechanisms, network switching mechanisms, aircraft autopilot systems, and other applications and systems with minimized human intervention. The rise of well-networked companies and the need for mass manufacturing of products, government initiatives to advance industrial automation, endorsement of new technologies i.e. IoT and AI in automation environments, attention on factory automation and ideal utilization of available resources, and economic policies implemented by local financial bodies to keep factory automation facilities afloat amidst COVID-19 crisis are one of the factors driving the growth of the factory automation market. In this report, the factory automation market's growth reasons, as well as the market's many segments, are discussed. Data has been given by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the factory automation market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the factory automation market condition. Factory Automation Market To know about the Research Methodology :- Request Free Sample Report

Factory Automation Market Dynamics:

A major driver of the factory automation market is expected to be the fourth industrial revolution which is bound to create different collaborations and partnership opportunities in the global market. Ever-changing consumer requirements for example personalized or customized services are forcing many industries to fully embrace the fourth industrial revolution. Such bold steps taken by different automation industries are projected to boost the factory automation market in the forecast period (2021-2027). A major restraint in the factory automation market growth is the high capital investments required for the implementation of different automation systems. Return of investment in the factory automation industry is fluid i.e. it cannot be predicted in the initial phases of the investment. Therefore small and medium-size enterprises hesitate to endorse new technologies. This is projected to hamper the overall market growth in the aforementioned forecast period. A key opportunity is the safety protocols in the automation industry. Many industrial jobs are hazardous in their primitive nature. In some small enterprises, there is a huge lack of safety protocols to ensure the safety of the workers. This hazard factor can be significantly minimized by automating most of the tasks. However, automation of many such tasks is bound to create a downsizing crisis in the global automation industry which is expected to be a major challenge in the same forecast period.

Factory Automation Market Segment Analysis:

By Component, the hardware segment dominated the factory automation market in the year 2020. The software segment is projected to witness the highest growth in the forecast period (2021-2027). This can be attributed to the availability and demand for different automation software like HMI (Human-Machine Interface), Manufacturing Operations Management (MOM), and different data acquisition software like SCADA. On the other hand, the hardware segment is projected to witness growth due to the huge demand for industrial robots in the same forecast period. Factory Automation MarketBy Control System, the PLC and sensors are projected to grow at a CAGR of 8.7% and 7.5% in the forecast period (2021-2027). The growth of sensors as a segment is attributed to their mounting or calibration flexibility as well as their efficient metallic detection performance. Motion sensors and photoelectric sensors are projected to dominate the sensor segment in the year 2027. Servo drives are used in devices that need position control such as conveyor belts and robotics. Their varied applications across all levels of automation are projected to fuel their market growth in the same forecast period. Other segments include controls systems like HMI and motors. DC motors are used in automation applications that are responsible for the handling of heavy loads. E.g. material handling or conveyor belts for their higher initial torque levels. These unique properties of these motors are projected to drive the overall factory automation market in the aforementioned forecast period. Factory Automation Market

Factory Automation Market Regional Insights:

Asia-Pacific region dominated the global factory automation market in the year 2020. This region is also projected to grow at the highest compound annual growth rate of xx% in the forecast period (2021-2027). This can be attributed to Asian countries like Japan being the largest manufacturers of robots and factory automation systems around the globe. The presence of major factory automation companies e.g. Yokogawa, Mitsubishi, Omron in Japan is also projected to fuel the market growth in the region in the same forecast period. Furthermore, China is the largest producer of batteries, sensors, microprocessors in the APAC region. The European region is projected to follow the APAC region in terms of market growth in the global factory automation market. This can be correlated with European countries like Germany having the highest robot density in the world. (International Federation of Robotics). Germany also ranks as one of the top automated countries in the world with nearly 340 units present per 1000 employees. Trade wars among different countries like US & China, China & India, Us & Russia are also projected to drive the growth of the global market in the aforementioned forecast period. The objective of the report is to present a comprehensive analysis of the Factory Automation market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Factory Automation market dynamics, structure by analyzing the market segments and projecting the Factory Automation market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Factory Automation market make the report investor’s guide.

Factory Automation Market Scope: Inquiry Before Buying

Global Factory Automation Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 195 Billion.
Forecast Period 2021 to 2027 CAGR: 8.8 % Market Size in 2027: US $ 351.9 Billion.
Segments Covered: by Component • Hardware • Software
by Control System • PLC • Sensors • Servo • Industrial Robots
by Industry • Automotive manufacturing • Food & beverage • Oil & Gas processing • Mining • Others

Factory Automation Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Factory Automation Market Key Players

• Bosch Rexroth • Fuji Electric Co., Ltd. • Endress+Hauser AG • Hitachi Ltd. • Legrand Holding Inc • Kontron Inc • Baldor Electric Company • SICK AG • General Cables Corp • Pepperl+Fuchs • Danaher Corp • ABB Ltd. • Emerson Electric Company • GE Company • Honeywell International Incorporation • Mitsubishi Electric Factory Automation • Omron Corporation • Rockwell Automation, Inc. • Schneider Electric SA • Siemens AG • Yokogawa Electric Corporation • Kuka AG • Keyence Corporation • Fanuc Corporation
1. Global Factory Automation Market: Research Methodology 2. Global Factory Automation Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Factory Automation Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Factory Automation Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Factory Automation Market Segmentation 4.1 Global Factory Automation Market, by Component (2020-2027) • Hardware • Software 4.2 Global Factory Automation Market, by Control System (2020-2027) • PLC • Sensors • Servo • Industrial Robots 4.3 Global Factory Automation Market, by Industry (2020-2027) • Automotive manufacturing • Food & beverage • Oil & Gas processing • Mining • Others 5. North America Factory Automation Market(2020-2027) 5.1 Global Factory Automation Market, by Component (2020-2027) • Hardware • Software 5.2 Global Factory Automation Market, by Control System (2020-2027) • PLC • Sensors • Servo • Industrial Robots 5.3 Global Factory Automation Market, by Industry (2020-2027) • Automotive manufacturing • Food & beverage • Oil & Gas processing • Mining • Others 5.4 North America Factory Automation Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Factory Automation Market (2020-2027) 6.1. Asia Pacific Factory Automation Market, by Component (2020-2027) 6.2. Asia Pacific Factory Automation Market, by Control System (2020-2027) 6.2. Asia Pacific Factory Automation Market, by Industry (2020-2027) 6.2. Asia Pacific Factory Automation Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Factory Automation Market (2020-2027) 7.1 Middle East and Africa Factory Automation Market, by Component (2020-2027) 7.2. Middle East and Africa Factory Automation Market, by Control System (2020-2027) 7.2. Middle East and Africa Factory Automation Market, by Industry (2020-2027) 7.4. Middle East and Africa Factory Automation Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Factory Automation Market (2020-2027) 8.1. Latin America Factory Automation Market, by Component (2020-2027) 8.2. Latin America Factory Automation Market, by Control System (2020-2027) 8.2. Latin America Factory Automation Market, by Industry (2020-2027) 8.4 Latin America Factory Automation Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Factory Automation Market (2020-2027) 9.1. European Factory Automation Market, by Component (2020-2027) 9.2. European Factory Automation Market, by Control System (2020-2027) 9.3. European Factory Automation Market, by Industry (2020-2027) 9.4. European Factory Automation Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 Bosch Rexroth 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Fuji Electric Co., Ltd. 10.3 Endress+Hauser AG 10.4 Hitachi Ltd. 10.5 Legrand Holding Inc 10.6 Kontron Inc 10.7 Baldor Electric Company 10.8 SICK AG 10.9 General Cables Corp 10.10 Pepperl+Fuchs 10.11 Danaher Corp 10.12 ABB Ltd. 10.13 Emerson Electric Company 10.14 GE Company 10.15 Honeywell International Incorporation 10.16 Mitsubishi Electric Factory Automation 10.17 Omron Corporation 10.18 Rockwell Automation, Inc. 10.19 Schneider Electric SA 10.20 Siemens AG 10.21 Yokogawa Electric Corporation 10.22 Kuka AG 10.23 Keyence Corporation 10.24 Fanuc Corporation

About This Report

Report ID 63386
Category Electronics
Published Date May 2020
Updated Date Dec 2021
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