Industrial Automation Market Growth, Size, Share, Trends and Forecast Report 2032

Maternity Mei
5 min readMay 3, 2024

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The Global Industrial Automation Size is poised for significant growth, according to a recent publication by Fortune Business Insights, Inc. This trend is fueled by the ever-evolving fashion landscape, where manufacturers must constantly adapt and innovate to stay ahead of the curve.

The latest global forecast report provides a comprehensive outlook on cognitive computing industry share, offering invaluable insights into emerging trends in 2024, market dynamics, and growth opportunities on a global scale. This meticulously researched report delves into the intricate details of various sectors, providing stakeholders with a roadmap to navigate the ever-evolving landscape of the global economy.

Industrial Automation Statistics:

ATTRIBUTEDETAILSPrevious YearUSD 191.89 billion in 2021Forecast YearUSD 395.09 billion by 2029CAGR Value9.8%

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The Research Report 2023 Trends, Growth Opportunities, and Forecast Scenarios up to 2030.

The Industrial AutomationI provides detailed insights into the five major elements (size, share, scope, growth, statistics, and potential of the industry). It offers valuable information to help businesses identify opportunities and potential risks within the market. This detailed report is spread across 160 pages, ensuring an in-depth subject matter analysis.

Overall, the share is poised for continued expansion in the coming years due to the increasing demand for sustainable and innovative products, as well as the widespread adoption of technology. By 2030, the global Industry size is projected to reach multimillion figures, displaying an unexpected compound annual growth rate between 2024 and 2030 compared to the figures observed in 2024.

Major Trends in the Global Industrial Automation Market:

The industrial automation market is undergoing significant transformations driven by advancements in technology and the growing demand for efficiency and productivity in manufacturing and other industrial sectors. One major trend is the adoption of Industry 4.0 principles and technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). These technologies enable the integration and connectivity of machines, sensors, and systems, facilitating real-time monitoring, analysis, and optimization of industrial processes. As a result, businesses are able to achieve higher levels of automation, predictive maintenance, and resource optimization, leading to improved operational efficiency and cost savings.

Another notable trend in the global industrial automation market is the rise of collaborative robots, or cobots. Unlike traditional industrial robots, cobots are designed to work alongside humans in a collaborative manner, performing repetitive or dangerous tasks while ensuring safety and efficiency. The adoption of cobots is gaining momentum across various industries, including automotive, electronics, and logistics, as businesses seek flexible and agile automation solutions that can adapt to changing production needs and support human-machine collaboration. Moreover, there is a growing emphasis on cybersecurity in industrial automation systems. With the increasing connectivity of industrial devices and systems, cybersecurity threats pose a significant risk to operational continuity and data integrity. As a result, businesses are investing in cybersecurity solutions and strategies to protect their industrial assets and ensure the resilience of their automation infrastructure against cyber threats.

Discover the Leading Players Featured in the Report:

ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Omron Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan)

Fortune Business Insights’ comprehensive business report delves deep into these trends, offering valuable data and industry statistics. By leveraging this knowledge, businesses can develop informed strategies. Whether it’s partnering with established players, targeting specific niches, or investing in innovative technologies, the key lies in aligning strategies with the evolving market dynamics.

Geographical Growth Scenario:

The global Industrial Automationis segmented into North America, Asia Pacific, Europe, Rest of the World. North America is expected to account for the largest share of the global Industrial Automation in 2024, followed by Europe. The large share of North America can be attributed to the increasing research funding and government initiatives for promoting precision medicine in the US.

The growth in aviation and Industrial Automation is due to rising cyber-attacks in the aircraft industry. North America region is expected to hold the largest aviation and Industrial Automation share.

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Key Findings of Industrial Automation Study:

Machine learning to dominate the Industrial Automation in 2024

Diagnostics segment accounted for the largest share of the Industrial Automation, by end-user, in 2024

North America accounted for the largest share of the global Industrial Automation in 2024

Report Overview

Management of Industrial Automation deals with the creation of benefits for the past buying and provides incentives for future buying. The Rewards program provides the customer with strong value, better customer penetration, cross-sales, and industry. A Industrial Automation system comprises operational parameters that include; financing options, program design, and transaction types. It also incorporates different parameters of value such as redemption thresholds, reimbursement options, and earnings rates. Many organizations concentrate their activities on spending on Market programs.

Table of Contents

Industry Overview:

  • Market definition and segmentation
  • Industry trends and drivers
  • Regulatory environment

Industrial Automation Size and Forecast:

  • Historical market size and growth
  • Current market size and trends
  • Forecast for the future

Competitive Landscape:

  • Key players in the market
  • Market share analysis
  • SWOT analysis of major competitors

Customer Analysis:

  • Target customer demographics
  • Buying behavior and preferences
  • Customer satisfaction and feedback

Product/Service Analysis:

  • Overview of products/services in the market
  • Features and benefits
  • Pricing strategies

Industrial Automation Trends:

  • Emerging trends in the industry
  • Technological advancements
  • Shifts in consumer behavior

TOC Continued…

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