The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising adoption of automation is likely to stimulate innovation in the manufacture of industrial automation and control systems, propelling the market over the forecast period.

The global industrial automation and control systems market is expected to grow from $175.11 billion in 2022 to $194.31 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The global industrial automation and control systems market size is expected to reach $291.41 billion in 2027 at a CAGR of 10.6%.

Get A Free Sample On The Global Industrial Automation And Control Systems Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9454&type=smp

Global Industrial Automation And Control Systems Market Segments Include:

• By Component: HMI (Human-Machine Interface), Industrial Robots, Control Valves, Sensors, Other Component
• By Control System: DCS (Distributed Control System), PLC (Programmable Logic Controller), SCADA (Supervisory Control And Data Acquisition)
• By End-User Industry: Aerospace and Defense, Automotive, Chemical, Energy and Utilities, Food and Beverage, Healthcare, Manufacturing, Mining and Metal, Oil and Gas, Transportation
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global industrial automation and control systems market in 2021.

Major Market Players in the industrial automation and control systems market include ABB Ltd., Emerson Electric Co., Honeywell International Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE.

Technological progress is a key trend that is gaining traction in the industrial automation and control systems market. Major players in industrial automation and control systems are focusing on providing novel solutions to strengthen their market position. For example, Honeywell International Inc., a worldwide conglomerate firm based in the United States, introduced a smart flexible depalletizer, a new robotic technology, in September 2021 to help industrial automation warehouses enhance productivity and prevent injuries. This technology solution uses the most advanced machine learning and grasping technologies to assist in the unloading of pallets without the need for pre-programming or user intervention.

The Industrial Automation And Control Systems Global Market Report 2023  provides a industrial automation and control systems market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial automation and control systems market forecast analyzes industrial automation and control systems market size, industrial automation and control systems market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The use of autonomous systems to control machinery and processes in a variety of sectors using technology such as robots and computer software is referred to as industrial automation and control systems. It boosts productivity, quality, and system performance, lowering operational costs.

Explore Similar Reports From The Business Research Company:

Industrial Automation Global Market Report 2023

Relays Global Market Report 2023

System On Module Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: