Industrial Control & Factory Automation Market – Global Forecast To 2029
The global industrial control & factory automation market was valued at USD 255.88 billion in 2024 and is projected to reach USD 399.12 billion by 2029; it is expected to register a CAGR of 9.3% during the forecast period.
世界の産業用制御およびファクトリーオートメーション（FA）市場 は、2024 年に 2,558 億 8,000 万米ドルと評価され、2029 年までに 3,991 億 2,000 万米ドルに達すると予測されています。予測期間中に 9.3% の CAGR を記録すると予想されます。
The industrial control & factory automation market is dominated by a few globally established players such as ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), Siemens (Germany), Stratasys (US), Omron Corporation (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser Group Services AG (Switzerland), FANUC Corporation (Japan). The study includes an in-depth competitive analysis of these key players in the industrial control & factory automation market, with their company profiles, recent developments, and key market strategies.
Key Benefits to Buy the Report:
- Analysis of key drivers (Increased adoption of IoT and AI in industrial environments, Government initiatives to boost industrial automation, Growing Focus on Operational Efficiency and Productivity, Growing demand for smart sensors in various industries to gain real-time insights, Increasing integration of machine vision systems with deep learning ), Restraint (Compelling initial capital investment and subsequent investment for maintenance, Components’ incapacity to perform in a human-like manner, Security risks associated with cyber-physical systems), Opportunity (Increased demand for safety compliance automation solutions, Rising adoption of automation within the industrial sector, Rising need for augmented reality and virtual reality technologies), Challenges (Absence of standardization in industrial communication protocols and interfaces, Shortage of skilled workforce to operate industrial automation equipment and systems, Less precise systems due to differences between simulations and real life, Complexity in deployment of industrial control & factory automation solutions)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the industrial control & factory automation market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the industrial control & factory automation market across varied regions
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the industrial control & factory automation market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), among others in the industrial control & factory automation market.