Industrial Control & Factory Automation Market

Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027

Report Code: SE 2505 Sep, 2022, by marketsandmarkets.com

[342 Pages Report] The global industrial control & factory automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%.

Increasing number of government initiatives to promote industrial automation worldwide, rising adoption of IoT and AI in industrial environments, and increasing demand for better efficiency and higher productivity are the major factors driving the growth of the industrial control & factory automation market.

Industrial Control & Factory Automation Market

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Latest technological Trends in Industrial Control & Factory Automation Market

Rising demand for Augmented Reality (AR) technology

Augmented reality enhances the perception and presentation of a real-life situation. It involves using a technology to overlay digital information on an image of something that is being viewed through a compatible device, such as a smartphone camera, HMI, or smart goggles. Usually, these devices are voice-controlled, making the wearer a hands-free user. The alignment of machine learning and physics-based modeling enables engineers to create an entire augmented reality (AR) experience that shows technicians in the factory the process to service the factory floor machine. Companies are increasingly using augmented reality (AR) on the shop floor of the factory to boost production activity and improve the production processes.

The incorporation of augmented reality in industrial processes has boosted worker productivity. For example, workers at GE Healthcare warehouse use Skylight, an industrial augmented reality application platform from Upskill, which is used to kit and completely pick list orders up to 46% faster. Upskill claims that Skylight customers are reporting an increase of 32% in average industrial workforce performance.

Industrial Control & Factory Automation Market Dynamics

DRIVERS: Government initiatives to promote industrial automation

Across the world governments are supporting the development of industries to ensure the holistic development of their countries. This has led to the adoption of various automation and communication components and technologies for the structural development of industries. Governments are focusing on the expansion of process and discrete industries. For instance, the Government of Singapore has partnered with various associations such as the Singapore Food Manufacturing Association (SFMA) and the Food Innovation Resource Centre to adopt the latest automation solutions such as SCADA, PLC, DCS, robots, and cables in the food & beverage industry. The Government of India’s national manufacturing policy (NMP) is driving the development of the country’s manufacturing sector. The Government of India has also undertaken initiatives, such as the Make in India policy, to encourage companies to implement automation in their manufacturing plants.

RESTRAINT: Fluctuations in end-use industries

According to the BP Statistical Review of World Energy 2021, the oil price averaged at USD 41.84/bbl in 2020, which is the lowest since 2004. Global oil consumption fell by a record 9.1 million barrels per day (b/d) or 9.3%, the lowest since 2011. Oil demand fell across major economies such as the US, the entire European Union (EU), and India. Global oil production shrank by 6.6 million b/d. Consequently, refinery utilization fell by a record 8.0 percentage points to 74.1%, the lowest since 1985. There is a growing shortage of semiconductor chips in the market, mainly due to the continuing trade war between the US and China, which is adversely affecting the manufacturing of variety of products and equipment, including electronic products. Other major geopolitical events such as the Russia-Ukraine war and relocation of major manufacturing hubs from China to other countries, has disrupted the entire supply chain.

Field instruments and other factory automation solutions are widely used across industries such as oil & gas and semiconductor & electronics for multiple applications including measurement of process parameters such as pressure, level, and flow of oil and gas; thus, any effect on the global petroleum and semiconductor market is consequently expected to impact the growth of the industrial control & factory automation market.

OPPORTUNITIES: Adoption of Industry 4.0 principles for manufacturing

The industrial control & factory automation market is growing rapidly owing to the adoption of Industry 4.0 principles in the manufacturing, oil & gas, food & beverage, chemical, and automotive industries. Most processes and systems in the manufacturing sector are being automated with the adoption of Industry 4.0, which allows production units to operate 24/7 with zero human errors. This decreases the total production cycle time, as well as maintains the quality of processes, right from the raw material procurement stage to the development of final products. Machines deployed in manufacturing plants can be operated and controlled by automation solutions such as SCADA, HMI, DCS, and PLC.

Industry 4.0 is a combination of cyber-physical systems, IoT, and cloud computing. It supports the manufacturing industry by enabling remote manufacturing operations, as well as intelligent collection of data in real time. Industry 4.0 enables improvement in operational efficiency, productivity, product quality, asset utilization, supply chain management, workplace safety, and environmental sustainability. Thus, the adoption of Industry 4.0 principles for automation in a number of industries is expected to create lucrative opportunities for market players during the forecast period.

CHALLENGES: Lack of skilled workforce to operate industrial automation devices and systems

Only skilled personnel can operate industrial automation devices and systems as the complexity of the manufacturing processes can be misinterpreted by unskilled personnel, thereby leading to errors and faults. Limited availability of appropriate content, human resources, and financial resources; usability issues; and technical difficulties can hinder the operation of industrial automation devices . Thus, the lack of expertise acts as a barrier to the adoption of automation in many industries. It also acts as a challenge for the growth of the industrial control & factory automation market.

National Council for Advanced Manufacturing (NACFAM) is a US-based organization that has adopted the strategies of technological innovations, supply chain integration, sustainable manufacturing, and talent development for advanced manufacturing. According to NACFAM, some small and medium-sized enterprises (SMEs) are unable to support the defense industry owing to the lack of expertise resulting from limited knowledge about new and advanced technologies. This ultimately hampers the automation of the defense industry.

Industrial sensors held the largest share of the industrial control & factory automation market in 2021

The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and IIoT and the expansion of the wireless sensors market. Predictive maintenance is expected to offer lucrative opportunities to players operating in the industrial sensors market in the coming years. It involves capturing sensor data, facilitating data communications, and making predictions. As the sensor is an important part of predictive maintenance solutions, the demand for industrial sensors is expected to increase significantly in the coming years.

DCS held the largest share of the industrial control & factory automation market in 2021

The DCS segment is projected to account for the largest size of the industrial control & factory automation market during the forecast period. The growth of this segment can be attributed to the rapid industrialization in emerging economies. Developing countries have expansion and capacity addition plans related to their power sector, which is expected to fuel the demand for DCS during the forecast period.

Among process industries, the oil & gas industry held the largest share of the industrial control & factory automation market in 2021

Industrial control and factory automation technologies enable the operators in the oil & gas industry to monitor facilities remotely and gain knowledge about the daily status of inventories and equipment used. Remote monitoring enables remote collection of the equipment data. It also reduces risks and improves the safety and efficiency of the workforce.

Asia Pacific held the largest share of the industrial control & factory automation market in 2021

The industrial control & factory automation market in Asia Pacific held the largest share (35.9%) of the overall market in 2021. The growth of the market in this region can be attributed to the increasing adoption of industrial automation technologies, especially across China and India. The growth of the market in China stems from the increase in labor wages and the presence of a large number of automobile manufacturing plants in the country.

Industrial Control & Factory Automation Market by Region

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Key Market Players

The industrial control & factory automation market is dominated by a few globally established players such as Honeywell (US), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), and Rockwell Automation (US).

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Units

Value (USD Million/Billion)

Segments Covered

Component, Solution, and Industry

Geographic Regions Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Major Players: ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US), among others – Total 40 players have been covered.

This research report segments the industrial control & factory automation market based on component, solution, industry, and region.

By Component:

  • Industrial Robots
  • Machine Vision
  • Process Analyzer
  • Field Instruments
  • Human Machine Interface
  • Industrial PC
  • Industrial Sensors
  • Industrial 3D Printing
  • Vibration Monitoring

By Solution:

  • SCADA
  • PLC
  • DCS
  • MES
  • Industrial Safety
  • PAM

By Industry:

  • Process Industry
  • Discrete Industry
  • By Region:
  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Recent Developments

  • In June 2022, Dwyer Instruments introduced the Series 685 differential pressure transmitter targeted for installers and maintenance professionals. They feature a user-configurable response time and can be mounted in any orientation. They do not require any separate calibration devices.
  • In April 2022, Yokogawa introduced the OpreX Vortex Flowmeter VY Series. These flowmeters are designed to handle a wider range of temperatures, fluid types, and pressure. They have the ability to perform precise temperature and pressure-compensated calculations by utilizing the data from pressure gauges and readings from a built-in temperature sensor.
  • In March 2022, Emerson launched MTConnect, an industrial control platform driver for enabling easy integration of computer numerical control (CNC) machines with modern data analysis automation environments. This allows collection of data from machines, robots, tools, and devices, which could not previously be cumulatively analyzed in one platform. The new driver offers reduced downtime, improved efficiency, and increased productivity.
  • In January 2022, Endress+hauser launched the Prosonic Flow W 400 flowmeter which combines ultrasonic measurement technology with Endress+Hauser’s Proline device series. They can be used for parameter measurements of numerous fluids across industries such as water and wastewater treatment and energy and power. They feature the Heartbeat Technology for device verification during operation without process interruption.  

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 42)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
    1.3 INCLUSIONS AND EXCLUSIONS
           TABLE 1 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                    FIGURE 1 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: SEGMENTATION
                    FIGURE 2 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 48)
    2.1 RESEARCH DATA
           FIGURE 3 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED BY COMPANIES FROM INDUSTRIAL SAFETY MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Arriving at market size through bottom-up approach (demand-side)
                               FIGURE 5 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Arriving at market size through top-down approach (supply-side)
                               FIGURE 6 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 ASSUMPTIONS
           FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 LIMITATIONS AND RISK ASSESSMENT
           TABLE 2 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 60)
    FIGURE 9 KEY STAGES IN ADOPTION OF INDUSTRIAL CONTROL & FACTORY AUTOMATION
    FIGURE 10 INDUSTRIAL SENSORS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 11 DCS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 12 PROCESS INDUSTRY SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
    FIGURE 13 ASIA PACIFIC MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET
           FIGURE 14 GROWING EMPHASIS ON INDUSTRIAL AUTOMATION AND OPTIMUM UTILIZATION OF RESOURCES TO DRIVE GROWTH OF INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET
    4.2 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT
           FIGURE 15 INDUSTRIAL 3D PRINTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION
           FIGURE 16 PAM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.4 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY
           FIGURE 17 DISCRETE INDUSTRY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
    4.5 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION
           FIGURE 18 US ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 68)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Emergence of connected enterprises
                    5.2.1.2 Government initiatives to promote industrial automation
                    5.2.1.3 Adoption of IoT and AI in industrial environments
                    5.2.1.4 Emphasis on optimum utilization of resources and improved efficiency
                    5.2.1.5 Increasing integration of machine vision systems with deep learning
                               FIGURE 20 DRIVERS FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Significant initial capital investment and subsequent investment for maintenance
                    5.2.2.2 Fluctuations in end-use industries
                    5.2.2.3 Inability of components to achieve human-like performance
                    5.2.2.4 Lack of awareness of benefits
                               FIGURE 21 RESTRAINTS FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of Industry 4.0 principles for manufacturing
                    5.2.3.2 Increased demand for safety compliance automation solutions
                    5.2.3.3 Rising need for augmented reality and virtual reality technologies
                               FIGURE 22 OPPORTUNITIES FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Absence of standardization in industrial communication protocols and interfaces
                    5.2.4.2 Lack of skilled workforce to operate industrial automation devices and systems
                    5.2.4.3 Rising instances of automated cyberattacks
                    5.2.4.4 Less precise systems due to differences between simulations and real life
                    5.2.4.5 Complexity in deployment of industrial control & factory automation solutions
                               FIGURE 23 CHALLENGES FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 25 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: ECOSYSTEM
           TABLE 3 COMPANIES AND THEIR ROLE IN INDUSTRIAL CONTROL & FACTORY AUTOMATION ECOSYSTEM
    5.5 PRICING ANALYSIS
           TABLE 4 AVERAGE SELLING PRICE OF COMPONENTS OF INDUSTRIAL SAFETY SYSTEMS OFFERED BY TOP COMPANIES, 2021
           TABLE 5 INDICATIVE PRICES OF COMPONENTS OF INDUSTRIAL SAFETY SYSTEMS
           5.5.1 AVERAGE SELLING PRICE OF COMPONENTS OFFERED BY KEY PLAYERS
                     FIGURE 26 AVERAGE SELLING PRICE OF COMPONENTS OFFERED BY KEY PLAYERS
                     TABLE 6 AVERAGE SELLING PRICE OF COMPONENTS OFFERED BY KEY PLAYERS (USD)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 ARTIFICIAL INTELLIGENCE
           5.7.2 AUGMENTED REALITY
           5.7.3 BLOCKCHAIN
           5.7.4 5G
           5.7.5 PREDICTIVE MAINTENANCE
           5.7.6 SMART ENERGY MANAGEMENT
           5.7.7 EDGE COMPUTING
           5.7.8 PREDICTIVE SUPPLY CHAIN
           5.7.9 CYBERSECURITY
           5.7.10 DIGITAL TWIN
           5.7.11 IOT
    5.8 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS & BUYING CRITERIA
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
                     TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
           5.9.2 BUYING CRITERIA
                     FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
                     TABLE 9 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
    5.10 CASE STUDY
           5.10.1 WORLD WIDE FITTINGS, INC. ADOPTS MITSUBISHI ELECTRIC’S INDUSTRIAL ROBOTICS TO STREAMLINE OPERATIONS
           5.10.2 BOMBARDIER TRANSPORTATION SELECTS ABB TO PROVIDE SCADA SYSTEM FOR BANGKOK’S MONORAIL PROJECT
           5.10.3 COOPER TIRE ADOPTS ROCKWELL AUTOMATION’S MES SOLUTION FOR GREATER EFFICIENCY
           5.10.4 RIO TINTO USES ROCKWELL AUTOMATION’S PROCESS CONTROL SYSTEM (PCS) FOR SEAMLESS INTEGRATION OF CRITICAL MINE PROCESSES
           5.10.5 ARKEMA GROUP UPGRADES SYSTEMS WITH ABB’S SYSTEM 800XA ARCHITECTURE
    5.11 TRADE ANALYSIS
           FIGURE 29 IMPORT DATA FOR INDUSTRIAL ROBOTS, 2017–2021 (USD MILLION)
           FIGURE 30 EXPORT DATA FOR INDUSTRIAL ROBOTS, 2017–2021 (USD MILLION)
    5.12 PATENTS ANALYSIS
           FIGURE 31 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021
           FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 10 TOP PATENT OWNERS IN LAST 10 YEARS (US)
           5.12.1 MAJOR PATENTS
    5.13 KEY CONFERENCES & EVENTS, 2022–2023
           TABLE 11 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: CONFERENCES & EVENTS
    5.14 DIGITALIZATION IN INDUSTRIAL CONTROL
    5.15 TARIFF AND REGULATORY LANDSCAPE
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 STANDARDS
                     TABLE 16 MAJOR COMMUNICATION STANDARDS FOR SCADA SYSTEMS
                     TABLE 17 INDUSTRIAL SAFETY STANDARDS

6 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT (Page No. - 105)
    6.1 INTRODUCTION
           FIGURE 33 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT
           FIGURE 34 INDUSTRIAL 3D PRINTING TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 18 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 19 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
    6.2 INDUSTRIAL ROBOTS
           6.2.1 RISING NEED FOR ROBOTS TO IMPROVE PRODUCTIVITY AND EFFICIENCY
           6.2.2 TRADITIONAL INDUSTRIAL ROBOTS
                    6.2.2.1 Articulated robot
                               6.2.2.1.1 High payload capacity and reliability
                    6.2.2.2 Cartesian robot
                               6.2.2.2.1 Simple to control and easy to program
                    6.2.2.3 Selective compliance assembly robot arm (SCARA)
                               6.2.2.3.1 Best price-to-performance ratio
                    6.2.2.4 Parallel robot
                               6.2.2.4.1 Well-suited to high-speed applications
                    6.2.2.5 Other robots
           6.2.3 COLLABORATIVE ROBOTS
                    6.2.3.1 Designed to safely work alongside humans
                               TABLE 20 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
                               TABLE 21 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
                               TABLE 22 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                               TABLE 23 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                               TABLE 24 TRADITIONAL INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                               TABLE 25 TRADITIONAL INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                               TABLE 26 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PAYLOAD, 2018–2021 (USD MILLION)
                               TABLE 27 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PAYLOAD, 2022–2027 (USD MILLION)
                               TABLE 28 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 29 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 30 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 31 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                               TABLE 32 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 33 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                               TABLE 34 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 35 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.3 MACHINE VISION SYSTEMS
           6.3.1 GROWING NEED FOR INSPECTION OF MANUFACTURED PARTS
                    TABLE 36 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 37 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 38 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 39 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                    TABLE 40 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY HARDWARE, 2018–2021 (USD MILLION)
                    TABLE 41 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY HARDWARE, 2022–2027 (USD MILLION)
                    TABLE 42 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 43 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 44 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 45 MACHINE VISION SYSTEM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 46 MACHINE VISION SYSTEM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 47 MACHINE VISION SYSTEM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.3.2 CAMERAS
                    6.3.2.1 Analog camera
                               6.3.2.1.1 Growing demand for security and surveillance
                    6.3.2.2 Digital camera
                               6.3.2.2.1 Increasing need for high-resolution cameras
                    6.3.2.3 Smart camera
                               6.3.2.3.1 Provides simultaneous image capturing and real-time information
           6.3.3 FRAME GRABBERS, OPTICS, AND LED LIGHTING
                    6.3.3.1 Processors and software
                               6.3.3.1.1 Integral parts of machine vision systems
    6.4 PROCESS ANALYZERS
           6.4.1 RISING DEMAND FOR LIQUID AND GAS ANALYZERS ACROSS PROCESS INDUSTRIES
                    TABLE 48 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 49 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 50 LIQUID ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 51 LIQUID ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 52 GAS ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 53 GAS ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 54 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 55 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 56 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 57 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 58 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 59 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.5 FIELD INSTRUMENTS
           6.5.1 GROWING NEED TO MONITOR PARAMETERS
           6.5.2 FLOWMETER
                    6.5.2.1 Increasing use in water & wastewater and chemical industries
           6.5.3 TRANSMITTER
                    6.5.3.1 Facilitates quick response time and efficient communication
                               TABLE 60 TYPES OF TRANSMITTERS USED IN FIELD INSTRUMENTS
                    6.5.3.2 Pressure transmitter
                               6.5.3.2.1 Growing use in chemicals and pharmaceutical industries
                    6.5.3.3 Temperature transmitter
                               6.5.3.3.1 Versatile field instrument for use across industries
                    6.5.3.4 Level transmitter
                               6.5.3.4.1 Increasing adoption in oil & gas and chemical industries
                                            TABLE 61 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                            TABLE 62 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                            TABLE 63 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                                            TABLE 64 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                                            TABLE 65 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                                            TABLE 66 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.6 HUMAN-MACHINE INTERFACE (HMI)
           6.6.1 ENHANCES EFFICIENCY AND IMPROVES RELIABILITY OF MACHINES
                    TABLE 67 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 68 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 69 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 70 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 71 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 72 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.7 INDUSTRIAL PC
           6.7.1 RISING DEMAND DUE TO EXPANDIBILITY
                    TABLE 73 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 74 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 75 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 76 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 77 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 78 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.8 INDUSTRIAL SENSORS
           6.8.1 ENSURE CONNECTIVITY IN MANUFACTURING PLANTS
           6.8.2 INDUSTRIAL SENSORS, BY TYPE
                    6.8.2.1 Wired industrial sensors
                    6.8.2.2 Wireless industrial sensors
                               TABLE 79 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SENSOR TYPE, 2018–2021 (USD MILLION)
                               TABLE 80 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SENSOR TYPE, 2022–2027 (USD MILLION)
                               TABLE 81 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018–2021 (USD MILLION)
                               TABLE 82 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
                               TABLE 83 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 84 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                               TABLE 85 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 86 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                               TABLE 87 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 88 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.9 INDUSTRIAL 3D PRINTING
           6.9.1 IDEAL FOR MANUFACTURING PARTS WITH COMPLEX DESIGNS
                    TABLE 89 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 90 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 91 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 92 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 93 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS, 2018–2021 (USD MILLION)
                    TABLE 94 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS, 2022–2027 (USD MILLION)
                    TABLE 95 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 96 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 97 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 98 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 99 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 100 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.1 VIBRATION MONITORING
           6.10.1 HIGH DEMAND IN OIL & GAS INDUSTRY TO MONITOR CRITICAL EQUIPMENT
                    TABLE 101 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 102 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 103 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY MONITORING PROCESS, 2018–2021 (USD MILLION)
                    TABLE 104 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY MONITORING PROCESS, 2022–2027 (USD MILLION)
                    TABLE 105 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 106 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 107 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 108 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 109 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 110 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)

7 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION (Page No. - 152)
    7.1 INTRODUCTION
           FIGURE 35 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION
           FIGURE 36 PAM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 111 FUNCTIONS OF SOLUTIONS USED IN MANUFACTURING INDUSTRIES
           TABLE 112 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION)
           TABLE 113 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
    7.2 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
           7.2.1 RISING ADOPTION FOR REMOTE CONTROL OF OPERATIONS
                    FIGURE 37 SCOPE OF SCADA IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET
                    TABLE 114 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 115 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 116 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 117 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 118 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 119 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 120 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 121 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 PROGRAMMABLE LOGIC CONTROLLER (PLC)
           7.3.1 GROWING INTEGRATION OF FUNCTIONS WITH PLC PLATFORMS
                    FIGURE 38 ADVANTAGES OF PLC
                    TABLE 122 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 123 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 124 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 125 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 126 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 127 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 DISTRIBUTED CONTROL SYSTEM (DCS)
           7.4.1 RISING DEMAND FOR DCS TO INCREASE PRODUCTION EFFICIENCY ACROSS INDUSTRIES
                    FIGURE 39 BENEFITS OF DCS IN INDUSTRIAL PLANTS
                    TABLE 128 DCS SYSTEMS OFFERED BY VARIOUS COMPANIES
                    TABLE 129 BENCHMARKING OF TOP 3 COMPANIES IN DCS MARKET
                    TABLE 130 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 131 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 132 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 133 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 134 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 135 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 MANUFACTURING EXECUTION SYSTEM (MES)
           7.5.1 OFFERS COST SAVINGS AND OPTIMIZATION OF OPERATIONS
                    TABLE 136 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 137 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 138 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DEPLOYMENT, 2018–2021 (USD MILLION)
                    TABLE 139 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DEPLOYMENT, 2022–2027 (USD MILLION)
                    TABLE 140 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 141 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 142 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 143 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 144 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 145 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.6 INDUSTRIAL SAFETY
           7.6.1 RISING NEED TO PREVENT HAZARDS AND RISKS ACROSS INDUSTRIES
                    TABLE 146 SAFETY-RELATED STANDARDS
                    TABLE 147 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 148 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                    TABLE 149 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 150 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 151 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 152 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 153 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 154 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.7 PLANT ASSET MANAGEMENT (PAM)
           7.7.1 INCREASED ADOPTION TO REDUCE DOWNTIME AND WASTAGE IN MANUFACTURING PLANTS
                    TABLE 155 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 156 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 157 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 158 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 159 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET FOR PAM, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 160 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET FOR PAM, BY REGION, 2022–2027 (USD MILLION)

8 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY (Page No. - 181)
    8.1 INTRODUCTION
           FIGURE 40 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY
           FIGURE 41 DISCRETE INDUSTRY SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 161 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 162 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    8.2 PROCESS INDUSTRY
           FIGURE 42 METALS & MINING INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 163 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 164 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
           8.2.1 OIL & GAS
                    8.2.1.1 Growing adoption of automation solutions at offshore locations
           8.2.2 CHEMICAL
                    8.2.2.1 Need for enhanced safety and efficiency in production process
           8.2.3 PULP & PAPER
                    8.2.3.1 Surging demand to optimize processes
           8.2.4 PHARMACEUTICAL
                    8.2.4.1 Growing need to standardize manufacturing processes
           8.2.5 METALS & MINING
                    8.2.5.1 Increasing deployment of automation to boost productivity and enhance workforce safety
           8.2.6 FOOD & BEVERAGE
                    8.2.6.1 Growing need for improved material handling and lower production costs
           8.2.7 ENERGY & POWER
                    8.2.7.1 Increasing adoption of automation for greater efficiency
           8.2.8 OTHERS
    8.3 DISCRETE INDUSTRY
           FIGURE 43 MEDICAL DEVICE INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 165 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 166 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
           8.3.1 AUTOMOTIVE
                    8.3.1.1 Increasing demand for automation to enhance safety
           8.3.2 MACHINE MANUFACTURING
                    8.3.2.1 Use of automated processes to reduce manufacturing time
           8.3.3 SEMICONDUCTOR & ELECTRONICS
                    8.3.3.1 Demand for smart manufacturing techniques to meet diverse customer requirements
           8.3.4 AEROSPACE & DEFENSE
                    8.3.4.1 Growing need for real-time visibility of manufacturing processes
           8.3.5 MEDICAL DEVICE
                    8.3.5.1 Rising preference for innovative industrial control & factory automation solutions
           8.3.6 OTHERS

9 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET, BY REGION (Page No. - 194)
    9.1 INTRODUCTION
           FIGURE 44 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 167 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 168 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 46 SNAPSHOT: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN NORTH AMERICA
           TABLE 169 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 170 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
           TABLE 171 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION)
           TABLE 172 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
           TABLE 173 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 174 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Product launches by key players to drive market
           9.2.2 CANADA
                    9.2.2.1 Growth in process industries to boost market
           9.2.3 MEXICO
                    9.2.3.1 Increasing deployment of SCADA systems to modernize grids
    9.3 EUROPE
           FIGURE 47 SNAPSHOT: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN EUROPE
           TABLE 175 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 176 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
           TABLE 177 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION)
           TABLE 178 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
           TABLE 179 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 180 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Government support for development of IoT technologies
           9.3.2 GERMANY
                    9.3.2.1 Growing technological innovation to facilitate market growth
           9.3.3 FRANCE
                    9.3.3.1 Increasing government initiatives to promote industrial automation
           9.3.4 ITALY
                    9.3.4.1 Rising adoption of automation solutions in industries
           9.3.5 REST OF EUROPE
    9.4 ASIA PACIFIC
           FIGURE 48 SNAPSHOT: INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET IN ASIA PACIFIC
           TABLE 181 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 182 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
           TABLE 183 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION)
           TABLE 184 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
           TABLE 185 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 186 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           9.4.1 JAPAN
                    9.4.1.1 Development of smart manufacturing processes to boost market
           9.4.2 CHINA
                    9.4.2.1 Growing demand for automation to reduce costs
           9.4.3 INDIA
                    9.4.3.1 Growing government initiatives for automation of industries
           9.4.4 REST OF ASIA PACIFIC
    9.5 REST OF THE WORLD (ROW)
           FIGURE 49 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN ROW
           TABLE 187 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 188 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
           TABLE 189 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION)
           TABLE 190 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
           TABLE 191 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 192 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Growing demand for automation in pharmaceutical industry
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Mining operations in Africa offer potential for digitalization

10 COMPETITIVE LANDSCAPE (Page No. - 220)
     10.1 INTRODUCTION
             TABLE 193 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET
     10.2 REVENUE ANALYSIS OF TOP PLAYERS
             FIGURE 50 TOP PLAYERS IN INDUSTRIAL SAFETY MARKET, 2017–2021
     10.3 MARKET SHARE ANALYSIS
             TABLE 194 INDUSTRIAL SAFETY MARKET: MARKET SHARE OF KEY COMPANIES
     10.4 COMPANY EVALUATION QUADRANT, 2021
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 PARTICIPANTS
                        FIGURE 51 INDUSTRIAL SAFETY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     10.5 SME EVALUATION QUADRANT, 2021
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                        FIGURE 52 INDUSTRIAL SAFETY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
     10.6 INDUSTRIAL SAFETY MARKET: COMPANY FOOTPRINT
             TABLE 195 PRODUCT FOOTPRINT
             TABLE 196 INDUSTRY FOOTPRINT
             TABLE 197 REGIONAL FOOTPRINT
             TABLE 198 COMPANY FOOTPRINT
     10.7 COMPETITIVE BENCHMARKING
             TABLE 199 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: KEY START-UPS/SMES
             TABLE 200 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.8 COMPETITIVE SCENARIOS AND TRENDS
             10.8.1 PRODUCT LAUNCHES
                        TABLE 201 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2022
             10.8.2 DEALS
                        TABLE 202 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: DEALS, JANUARY 2021– JUNE 2022
             10.8.3 OTHERS
                        TABLE 203 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: OTHERS, APRIL 2021– JUNE 2022

11 COMPANY PROFILES (Page No. - 245)
(Business overview, Products offered, Recent Developments, MNM view)* 
     11.1 KEY PLAYERS
             11.1.1 ABB
                        TABLE 204 ABB: BUSINESS OVERVIEW
                        FIGURE 53 ABB: COMPANY SNAPSHOT
                        TABLE 205 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 206 ABB: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 207 ABB: DEALS
             11.1.2 EMERSON
                        TABLE 208 EMERSON: BUSINESS OVERVIEW
                        FIGURE 54 EMERSON: COMPANY SNAPSHOT
                        TABLE 209 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 210 EMERSON: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 211 EMERSON: DEALS
             11.1.3 SIEMENS
                        TABLE 212 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 55 SIEMENS: COMPANY SNAPSHOT
                        TABLE 213 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 214 SIEMENS: DEALS
             11.1.4 SCHNEIDER ELECTRIC
                        TABLE 215 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                        TABLE 216 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 217 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 218 SCHNEIDER ELECTRIC: DEALS
             11.1.5 MITSUBISHI ELECTRIC
                        TABLE 219 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 57 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
                        TABLE 220 MITSUBISHI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 221 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 222 MITSUBISHI ELECTRIC: OTHERS
             11.1.6 GENERAL ELECTRIC CO.
                        TABLE 223 GENERAL ELECTRIC CO.: BUSINESS OVERVIEW
                        FIGURE 58 GENERAL ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 224 GENERAL ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 225 GENERAL ELECTRIC CO.: PRODUCT LAUNCHES
             11.1.7 ROCKWELL AUTOMATION
                        TABLE 226 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
                        FIGURE 59 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                        TABLE 227 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 228 ROCKWELL AUTOMATION: DEALS
                        TABLE 229 ROCKWELL AUTOMATION: OTHERS
             11.1.8 HONEYWELL
                        TABLE 230 HONEYWELL: BUSINESS OVERVIEW
                        FIGURE 60 HONEYWELL.: COMPANY SNAPSHOT
                        TABLE 231 HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 232 HONEYWELL: DEALS
             11.1.9 YOKOGAWA ELECTRIC CORPORATION
                        TABLE 233 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 61 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 234 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 235 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 236 YOKOGAWA ELECTRIC CORPORATION: DEALS
             11.1.10 OMRON CORPORATION
                        TABLE 237 OMRON CORPORATION: BUSINESS OVERVIEW
                        FIGURE 62 OMRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 238 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 239 OMRON CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 240 OMRON CORPORATION: DEALS
                        TABLE 241 OMRON CORPORATION: OTHERS
             11.1.11 ENDRESS+HAUSER
                        TABLE 242 ENDRESS+HAUSER: BUSINESS OVERVIEW
                        FIGURE 63 ENDRESS+HAUSER: COMPANY SNAPSHOT
                        TABLE 243 ENDRESS+HAUSER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 244 ENDRESS+HAUSER: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 245 ENDRESS+HAUSER: OTHERS
             11.1.12 FANUC CORPORATION
                        TABLE 246 FANUC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 64 FANUC CORPORATION: COMPANY SNAPSHOT
                        TABLE 247 FANUC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.13 WIKA GMBH
                        TABLE 248 WIKA GMBH: BUSINESS OVERVIEW
                        TABLE 249 WIKA GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 250 WIKA GMBH: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 251 WIKA GMBH: OTHERS
             11.1.14 DWYER INSTRUMENTS
                        TABLE 252 DWYER CORPORATION: BUSINESS OVERVIEW
                        TABLE 253 DWYER INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 254 DWYER INSTRUMENTS: PRODUCT LAUNCHES AND DEVELOPMENTS
             11.1.15 STRATASYS
                        TABLE 255 STRATASYS: BUSINESS OVERVIEW
                        FIGURE 65 STRATASYS: COMPANY SNAPSHOT
                        TABLE 256 STRATASYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 257 STRATASYS: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 258 STRATASYS: DEALS
             11.1.16 3D SYSTEMS CORPORATION
                        TABLE 259 3D SYSTEMS CORPORATION: BUSINESS OVERVIEW
                        FIGURE 66 3D SYSTEMS CORPORATION: COMPANY SNAPSHOT
                        TABLE 260 3D SYSTEMS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 261 3D SYSTEMS CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 262 3D SYSTEMS CORPORATION: DEALS
     11.2 OTHER KEY PLAYERS
             11.2.1 FUJI ELECTRIC
                        TABLE 263 FUJI ELECTRIC: COMPANY OVERVIEW
             11.2.2 HITACHI
                        TABLE 264 HITACHI: COMPANY OVERVIEW
             11.2.3 KROHNE
                        TABLE 265 KROHNE: COMPANY OVERVIEW
             11.2.4 AZBIL CORPORATION
                        TABLE 266 AZBIL CORPORATION: COMPANY OVERVIEW
             11.2.5 VEGA GRIESHABER
                        TABLE 267 VEGA GRIESHABER: COMPANY OVERVIEW
             11.2.6 DANFOSS
                        TABLE 268 DANFOSS: COMPANY OVERVIEW
     11.3 OTHER PLAYERS
             11.3.1 TEGAN INNOVATIONS
                        TABLE 269 TEGAN INNOVATIONS: COMPANY OVERVIEW
             11.3.2 WIN-911 SOFTWARE
                        TABLE 270 WIN-911 SOFTWARE: COMPANY OVERVIEW
             11.3.3 PINPOINT INFORMATION SYSTEMS
                        TABLE 271 PINPOINT INFORMATION SYSTEMS: COMPANY OVERVIEW
             11.3.4 PROGEA
                        TABLE 272 PROGEA: COMPANY OVERVIEW
             11.3.5 CHAOS PRIME
                        TABLE 273 CHAOS PRIME: COMPANY OVERVIEW
             11.3.6 INXPECT S.P.A.
                        TABLE 274 INXPECT S.P.A.: COMPANY OVERVIEW
             11.3.7 ALGOLUX
                        TABLE 275 ALGOLUX: COMPANY OVERVIEW
             11.3.8 INUITIVE
                        TABLE 276 INUITIVE: COMPANY OVERVIEW
             11.3.9 EAVE
                        TABLE 277 EAVE: COMPANY OVERVIEW
             11.3.10 CANARIA
                        TABLE 278 CANARIA: COMPANY OVERVIEW
             11.3.11 FUELICS
                        TABLE 279 FUELICS: COMPANY OVERVIEW
             11.3.12 ULTIMAKER
                        TABLE 280 ULTIMAKER: COMPANY OVERVIEW
             11.3.13 NANO DIMENSION
                        TABLE 281 NANO DIMENSION: COMPANY OVERVIEW
             11.3.14 DEEP LEARNING ROBOTICS
                        TABLE 282 DEEP LEARNING ROBOTICS: COMPANY OVERVIEW
             11.3.15 PICK-IT 3D
                        TABLE 283 PICK-IT 3D: COMPANY OVERVIEW
             11.3.16 ONROBOT
                        TABLE 284 ONROBOT: COMPANY OVERVIEW
             11.3.17 TRIVISION
                        TABLE 285 TRIVISION: COMPANY OVERVIEW
             11.3.18 CLEVEST
                        TABLE 286 CLEVEST: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.  

12 ADJACENT & RELATED MARKETS (Page No. - 322)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 DIGITAL TWIN MARKET, BY APPLICATION
             12.3.1 INTRODUCTION
                        TABLE 287 DIGITAL TWIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 288 DIGITAL TWIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.4 PRODUCT DESIGN & DEVELOPMENT
             12.4.1 USE OF DIGITAL TWINS TO MONITOR KEY PERFORMANCE INDICATORS IN REAL TIME
                        TABLE 289 PRODUCT DESIGN & DEVELOPMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 290 PRODUCT DESIGN & DEVELOPMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
     12.5 PERFORMANCE MONITORING
             12.5.1 OPTIMIZES OPERATIONAL DOWNTIME AND MITIGATES COSTLY FAILURES
                        TABLE 291 PERFORMANCE MONITORING: DIGITAL TWIN MARKET, 2018–2021 (USD MILLION)
                        TABLE 292 PERFORMANCE MONITORING: DIGITAL TWIN MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
     12.6 PREDICTIVE MAINTENANCE
             12.6.1 DIGITAL TWINS PREDICT FAILURES BASED ON REAL-TIME DATA COLLECTION
                        TABLE 293 PREDICTIVE MAINTENANCE: DIGITAL TWIN MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 294 PREDICTIVE MAINTENANCE: DIGITAL TWIN MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
     12.7 INVENTORY MANAGEMENT
             12.7.1 USE OF DIGITAL TWINS FOR INVENTORY OPTIMIZATION ACROSS NETWORKS
                        TABLE 295 INVENTORY MANAGEMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 296 INVENTORY MANAGEMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
     12.8 BUSINESS OPTIMIZATION
             12.8.1 EXPECTED TO REGISTER HIGHEST GROWTH IN DIGITAL TWIN MARKET DURING FORECAST PERIOD
                        TABLE 297 BUSINESS OPTIMIZATION: DIGITAL TWIN MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 298 BUSINESS OPTIMIZATION: DIGITAL TWIN MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
     12.9 OTHER APPLICATIONS
             TABLE 299 OTHER APPLICATIONS: DIGITAL TWIN MARKET, BY INDUSTRY 2018–2021 (USD MILLION)
             TABLE 300 OTHER APPLICATIONS: DIGITAL TWIN MARKET, BY INDUSTRY 2022–2027 (USD MILLION)

13 APPENDIX (Page No. - 335)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 CUSTOMIZATION OPTIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the industrial control & factory automation market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Finally, both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to identify and collect information relevant to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly conducted to obtain key information about the industry’s supply chain, value chain of the market, total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include experts such as CEOs, VPs, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the industrial control & factory automation ecosystem. Following is the breakdown of primary respondents:

Industrial Control & Factory Automation Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the overall industrial control & factory automation market and the market based on segments. The research methodology used to estimate the market size has been given below:

  • Major players operating in the industrial control & factory automation market have been identified and considered for the report through extensive secondary research.
  • The supply chain and market size of the industrial control & factory automation market, both in terms of value and units, have been estimated/determined through secondary and primary research processes.
  • All estimations and calculations, including percentage share, revenue mix, splits, and breakdowns have been determined through use of secondary sources which are further verified through primary sources.

Global industrial control & factory automation market Size: Bottom-Up Approach

Industrial Control & Factory Automation Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Report Objectives:

  • To describe and forecast the industrial control & factory automation market, in terms of value, based on component, solution, and industry
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the industrial control & factory automation ecosystem
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies
  • To analyze the major growth strategies implemented by key market players, such as contracts, agreements, acquisitions, product launches, expansions, and partnerships

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
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