What Is The Current and Historic Market Size Analysis Of The Factory Automation Market?
The factory automation market has seen considerable growth due to a variety of factors.
• The factory automation market has experienced solid growth in recent years. It will increase from $288.77 billion in 2024 to $312.09 billion in 2025, at a compound annual growth rate (CAGR) of 8.1%.
Growth has been fueled by demand for control and safety systems, advancements in 5G wireless technology, and the widespread adoption of Industry 4.0.
What are the Market Size and Expected Growth Rates for the Factory Automation Market?
The factory automation market is expected to maintain its strong growth trajectory in upcoming years.
• The factory automation market is projected to grow significantly, reaching $497.22 billion by 2029 with a CAGR of 12.3%.
The expansion is due to the demand for greater efficiency, the growth of the manufacturing and industrial sectors, the implementation of autonomous plants, the use of remote operations, and the need for mass production with reduced costs. Key trends include technological advancements, collaborative robotics, augmented reality (AR) and virtual reality (VR), and supply chain automation.
Which Key Drivers Are Propelling The Factory Automation Market's Growth?
The increasing adoption of artificial intelligence (AI) is expected to drive the growth of the factory automation market. AI simulates human intelligence processes, enabling machines to perform tasks traditionally requiring human input. The adoption of AI is growing due to technological advancements, increased data availability, and the demand for automation. Integrating AI into factory automation systems enhances efficiency, productivity, and safety. For example, in January 2022, the UK's Department for Digital, Culture, Media, and Sport reported that AI adoption in UK enterprises rose from 15.1% in 2020 to 22.7% in 2025. This increasing AI integration is driving factory automation market growth.
What Are The Key Segments Within The Global Factory Automation Market?
The factory automation market covered in this report is segmented –
1) By Component: Sensors, Controllers, Switches And Relays, Industrial Robots, Drives, Other Components
2) By Factory Automation Technology: Supervisory Control And Data Acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI)
3) By End-User: Manufacturing, Automotive, Packaging And Processing, Energy And Power, Semiconductor And Electronics, Printing And Converting, Other End-Users
Subsegments:
1) By Sensors: Proximity Sensors, Vision Sensors, Temperature Sensors, Pressure Sensors, Level Sensors, Flow Sensors, Position Sensors
2) By Controllers: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Human-Machine Interface (HMI), Motion Controllers, Embedded Controllers
3) By Switches And Relays: Limit Switches, Push Button Switches, Safety Switches, Electromechanical Relays, Solid-State Relays
4) By Industrial Robots: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Delta Robots
5) By Drives: AC Drives, DC Drives, Servo Drives, Variable Frequency Drives (VFDs), Stepper Drives
6) By Other Components: Cables And Connectors, Power Supply Units (PSUs), Circuit Breakers, Human-Machine Interface (HMI) Devices, Actuators
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What Trends Are Reshaping The Future Of The Factory Automation Market?
Companies in the factory automation market are focusing on developing advanced products such as ballbar devices to maintain their competitive advantage. Ballbar systems are precision tools used in metrology and precision engineering to ensure the quality of machined parts by detecting errors in machine motion. For example, in May 2023, Renishaw plc, a UK-based engineering company, introduced the RCS product line, including the RCS L-90, RCS T-90, and RCS P-series. These devices, supported by a dedicated software suite, monitor robot health and improve system accuracy, helping users identify performance issues and enhance automation processes.
Who Are the Key Players In The Factory Automation Market?
Major companies operating in the factory automation market are:
• Siemens AG
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• Toshiba Corporation
• Eaton Corporation
• Parker Hannifin Corporation
• Emerson Electric Co.
• Danfoss
• Rockwell Automation Inc.
• Bosch Rexroth AG
• Omron Corporation
• Keyence Corporation
• Fanuc Corporation
• SMC Corporation
• Yaskawa Electric Corporation
• Festo
• KUKA Robotics
• Phoenix Contact
• Endress+Hauser Group
• Beckhoff Automation
• Yokogawa Electric Corporation
• Advantech Co. Ltd.
• WAGO GmbH & Co. KG
• Pepperl+Fuchs GmbH
• Pilz GmbH & Co. KG
• HIMA Paul Hildebrandt GmbH
What Are The Regional Insights Into The Factory Automation Market?
North America was the largest region in the factory automation market in 2024. The regions covered in the factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
