Industrial Control and Factory Automation Market by Solution (SCADA, PLC, DCS, MES, PLM, PAM, Functional Safety), Component (Industrial Robots, Industrial 3D Printing, Control Valves, Machine Vision, HMI), Industry and Geography - Global Forecast to 2023

The growth of the industrial control and factory automation market is because of the increasing demand for automation and adoption of industry 4.0 in manufacturing industries. Automation helps in minimizing costs, ensuring fast production, standardizing manufacturing, ensuring product quality, reducing waste, and monitoring production, as well as providing reliable and flexible solutions in manufacturing plants. The key driving factors for the growth of the industrial control and factory automation are extensive use of enabling technologies in manufacturing, continuous innovation in industrial robotics boosting its adoption in manufacturing, need for mass production and connected supply chain to cater to the growing population, and government initiatives toward the adoption of industrial automation in various industries. The industrial control and factory automation was valued at USD 145.51 Billion in 2016 and is expected to grow at a CAGR of 7.4% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023.

The objective of the report is to provide a detailed analysis of the industrial control and factory automation market on the basis of solution, component, industry, and geography. The report also comprise of enabling technologies which support the manufacturing industries in industrial control and factory automation. The report provides detailed information regarding the major factors influencing the growth of the industrial control and factory automation market.

The research methodology used to estimate and forecast the industrial control and factory automation market begins with capturing data on the revenue of the key vendors through secondary research through sources such as IEEE Robotics and Automation Society (RAS), Automation Industry Association (AIA), and International Federation of Robotics (IFR). The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the industrial control and factory automation market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments that have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries is depicted in the following figure.

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

The industrial control and factory automation ecosystem comprises automation companies such as Rockwell (US), General Electric (US), Yokogawa (Japan), Omron (Japan), and Honeywell (US), which provide various solutions such as SCADA, DCS, and PLC and various components and technologies that support the automation process. The major players involved in the development of industrial control and factory automation market include Siemens (Germany), ABB (Switzerland), Emerson (US), Mitsubishi (Japan), and Schneider (France), as well as associations such as IEEE Robotics and Automation Society (RAS) and International Federation of Robotics (IFR). The regulations and standards regulated by different governmental organizations such as International Electrotechnical Commission (IEC), International Society of Automation (ISA), and National Electrical Manufacturers Association (NEMA), need to be followed while providing industrial control and factory automation system.

Key Target Audience

• Automation manufacturer and providers
• Automation consultants
• Automation instrument distributors and developers
• Automation solution developers
• Industrial automation solution companies
• Process and discrete industries
• Research organizations and consulting companies
• Valves, transmitters, and cables manufacturing companies
• Robotics manufacturing companies
• Technology investors
• Technology standard organizations, forums, alliances, and associations

“This study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2–5 years for prioritizing efforts and investments”

Scope of the Report

This research report categorizes the industrial control and factory automation market on the basis of solution, component, industry, and geography.

Industrial Control and Factory Automation Market, by Solution:

• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution System (MES)
• Product Lifecycle Management (PLM)
• Functional Safety
• Plant Asset Management (PAM)

Industrial Control and Factory Automation Market, by Component:

• Industrial Robots
• Control Valves
• Control Devices
• Field Instruments
• Industrial PC
• Human–Machine Interface (HMI)
• Sensor
• Industrial 3D Printing
• Machine Vision

Enabling Technologies Supporting the Manufacturing Industries in Industrial Control and Factory Automation:

• Artificial Intelligence (AI)
• Big Data Analytics
• Industrial Cyber Security
• Augmented Reality (AR) & Virtual Reality (VR)
• Industrial Internet of Things (IIoT)
• Condition Monitoring

Industrial Control and Factory Automation Market, by Industry:

• Process
  • Oil & Gas
  • Chemicals
  • Paper & Pulp
  • Pharmaceuticals
  • Mining & Metals
  • Food & Beverages
  • Power
  • Others
• Discrete
  • Automotive
  • Machine Manufacturing
  • Semiconductor & Electronics
  • Aerospace & Defense
  • Medical Devices
  • Others

Industrial Control and Factory Automation Market, by Geography:

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

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

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
                    2.1.2.1 List of 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 Primary Sources
                    2.1.3.3 Key Industry Insights
                    2.1.3.4 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Growth Opportunities for Industrial Control and Factory Automation Market
    4.2 Industrial Control and Factory Automation Market, By Solution
    4.3 Industrial Control and Factory Automation Market, By Component
    4.4 Enabling Technologies Supporting Manufacturing Industries in Industrial Control and Factory Automation
    4.5 Industrial Control and Factory Automation Market, By Component
    4.6 Industrial Control and Factory Automation Market, By Process Industry
    4.7 Industrial Control and Factory Automation Market, By Discrete Industry
    4.8 Industrial Control and Factory Automation Market, By Geography

5 Market Overview (Page No. - 42)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Extensive Use of Enabling Technologies in Manufacturing
                    5.1.1.2 Continuous Innovation in Industrial Robotics Boosts Its Adoption in Manufacturing
                    5.1.1.3 Need for Mass Production and Connected Supply Chain to Cater to the Growing Population
                    5.1.1.4 Government Initiatives Toward the Adoption of Industrial Automation in Various Industries
           5.1.2 Restraints
                    5.1.2.1 High Capital Investment and Limited Re-Investment
                    5.1.2.2 Declining Oil and Gas Prices Affect Infrastructure-Related Investments, Thereby Affecting the Market Growth
           5.1.3 Opportunities
                    5.1.3.1 Industry 4.0 Revolution Shaping the Future of Industrial Manufacturing
                    5.1.3.2 Increasing Demand for Safety Compliance Automation Products
           5.1.4 Challenge
                    5.1.4.1 Lack of Standardization of Protocols for Manufacturing Devices
                    5.1.4.2 Lack of Skilled Personnel
                    5.1.4.3 Automated Cyber Threats

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis, 2016
    6.3 Standards and Regulations
    6.4 Industry Trends

7 Enabling Technologies Supporting Manufacturing Industries in Industrial Control and Factory Automation (Page No. - 54)
    7.1 Introduction
    7.2 Artificial Intelligence
           7.2.1 Predictive Maintenance and Machinery Inspection
           7.2.2 Material Movement
           7.2.3 Production Planning
           7.2.4 Field Services
           7.2.5 Quality Control
    7.3 AR and VR
    7.4 Condition Monitoring
    7.5 Industry Cyber Security
    7.6 Big Data Analytics
    7.7 Industrial Internet of Things

8 Industrial Control and Factory Automation Market, By Solution (Page No. - 65)
    8.1 Introduction
    8.2 Supervisory Control and Data Acquisition (SCADA)
    8.3 Programmable Logic Controller (PLC)
    8.4 Distributed Control System (DCS)
    8.5 Manufacturing Execution System (MES)
    8.6 Product Life Cycle Management (PLM)
    8.7 Functional Safety
    8.8 Plant Asset Management (PAM)
           8.8.1 Implementing PAM to Reduce Downtime and Heavy Losses in Manufacturing Processes

9 Industrial Control and Factory Automation Market, By Component (Page No. - 86)
    9.1 Introduction
    9.2 Industrial Robots
           9.2.1 Articulated Robots
           9.2.2 Cartesian Robot
           9.2.3 Selective Compliance Assembly Robot Arm (SCARA)
           9.2.4 Parallel Robot
           9.2.5 Others
                    9.2.5.1 Cylindrical Robots
    9.3 Machine Vision
           9.3.1 Cameras
                    9.3.1.1 Analog Camera
                    9.3.1.2 Digital Camera
                    9.3.1.3 Smart Camera
           9.3.2 Frame Gabber, Optics, & Led Lighting
           9.3.3 Processors and Software
    9.4 Control Valves
    9.5 Control Devices
           9.5.1 Servo Motors
           9.5.2 Drives
    9.6 Field Instruments
           9.6.1 Transmitters
           9.6.2 Flowmeters
    9.7 Human–Machine Interface (HMI)
    9.8 Industrial PC 
    9.9 Sensors
    9.10 Industrial 3D Printing

10 Industrial Control and Factory Automation Market, By Industry (Page No. - 113)
     10.1 Introduction
     10.2 Process Industry
             10.2.1 Oil & Gas
                        10.2.1.1 Increasing Offshore Oil and Gas Plants Enables the Adoption of Industrial Control and Factory Automation on A Large Scale
             10.2.2 Chemicals
             10.2.3 Paper & Pulp
             10.2.4 Pharmaceuticals
             10.2.5 Mining & Metals
             10.2.6 Food & Beverages
                        10.2.6.1 Innovations and Requirement of Meeting Consumer Demand Leads to the Adoption of Industrial Control and Factory Automation
             10.2.7 Power
             10.2.8 Others
                        10.2.8.1 Water & Wastewater Management
     10.3 Discrete Industry
             10.3.1 Automotive
             10.3.2 Machine Manufacturing
             10.3.3 Semiconductor & Electronics
             10.3.4 Aerospace & Defense
             10.3.5 Medical Devices
             10.3.6 Others

11 Industrial Control and Factory Automation Market, By Geography (Page No. - 127)
     11.1 Introduction
     11.2 North America
             11.2.1 Increasing Support From Government and Companies to Adopt Industrial Control and Factory Automation
             11.2.2 US
             11.2.3 Canada
                        11.2.3.1 Increased Investment in Canadian Process and Discrete Industries
             11.2.4 Mexico
                        11.2.4.1 Implementation of SCADA in the Mexican Electricity Grid
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
                        11.3.2.1 Various Association and Conferences Support the Adoption of Industrial Control and Factory Automation
             11.3.3 France
                        11.3.3.1 Government Support for the Adoption of Solutions of Industrial Control and Factory Automation
                        11.3.3.2 Oil & Gas Industry in France to Adopt Industrial Control and Factory Automation
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Japan
             11.4.2 China
             11.4.3 India
             11.4.4 Rest of APAC
                        11.4.4.1 South Korea
     11.5 Rest of the World (RoW)
             11.5.1 South America
             11.5.2 Middle East
             11.5.3 Africa

12 Competitive Landscape (Page No. - 151)
     12.1 Overview
     12.2 Market Ranking Analysis: Industrial Control and Factory Automation Market
     12.3 Competitive Situation and Trends
             12.3.1 Agreements, Contracts, Joint Ventures, and Collaborations & Partnerships
             12.3.2 Product Launches and Developments
             12.3.3 Acquisitions
             12.3.4 Expansions

13 Company Profile (Page No. - 157)
     13.1 Introduction
     13.2 ABB
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationship)*
     13.3 Emerson
     13.4 Rockwell
     13.5 Siemens
     13.6 General Electric
     13.7 Schneider
     13.8 Yokogawa
     13.9 Omron
     13.10 Mitsubishi
     13.11 Honeywell
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationship Might Not Be Captured in Case of Unlisted Companies.
     13.12 Key Innovators
             13.12.1 Win-911 Software
             13.12.2 Pinpoint Information Systems Inc.
             13.12.3 Tegan Innovations Ltd
             13.12.4 Progea Srl

14 Appendix (Page No. - 209)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (69 Tables)

Table 1 World Midyear Population, By Age (2017)
Table 2 Enabling Technology Market, 2014–2023 (USD Billion)
Table 3 Artificial Intelligence Market, By Application, 2014–2023 (USD Million)
Table 4 AR & VR Market, By Type, 2014–2023 (USD Million)
Table 5 Condition Monitoring, By Industry, 2014–2023 (USD Million)
Table 6 Industry Cyber Security, By Industry, 2014–2023 (USD Billion)
Table 7 Big Data Analytics, By Industry, 2014–2023 (USD Million)
Table 8 Industrial Internet of Things Market, By Industry, 2014–2023 (USD Billion)
Table 9 Industrial Control and Factory Automation Market, By Solution, 2014–2023 (USD Billion)
Table 10 Industrial Control and Factory Automation Market for Solution, By Process Industry, 2014–2023 (USD Billion)
Table 11 Industrial Control and Factory Automation Market for Solution, By Discrete Industry, 2014–2023 (USD Billion)
Table 12 Industrial Control and Factory Automation Market for SCADA, By Process Industry, 2014–2023 (USD Million)
Table 13 Industrial Control and Factory Automation Market for SCADA, By Discrete Industry, 2014–2023 (USD Million)
Table 14 Industrial Control and Factory Automation Market for PLC, By Process Industry, 2014–2023 (USD Billion)
Table 15 Industrial Control and Factory Automation Market for DCS, By Process Industry, 2014–2023 (USD Billion)
Table 16 Industrial Control and Factory Automation Market for MES, By Process Industry, 2014–2023 (USD Million)
Table 17 Industrial Control and Factory Automation Market for MES, By Discrete Industry, 2014–2023 (USD Million)
Table 18 Industrial Control and Factory Automation Market for PLM, By Process Industry, 2014–2023 (USD Million)
Table 19 Industrial Control and Factory Automation Market for PLM, By Discrete Industry, 2014–2023 (USD Million)
Table 20 Industrial Control and Factory Automation Market for Functional Safety, By Process Industry, 2014–2023 (USD Million)
Table 21 Industrial Control and Factory Automation Market for Functional Safety, By Discrete Industry, 2014–2023 (USD Million)
Table 22 Industrial Control and Factory Automation Market for PAM, By Process Industry, 2014–2023 (USD Million)
Table 23 Industrial Control and Factory Automation Market for PAM, By Discrete Industry, 2014–2023 (USD Million)
Table 24 Industrial Control and Factory Automation Market, By Component, 2014–2023 (USD Billion)
Table 25 Industrial Control and Factory Automation Market for Component, By Process Industry, 2014–2023 (USD Billion)
Table 26 Industrial Control and Factory Automation Market for Component, By Discrete Industry, 2014–2023 (USD Billion)
Table 27 Industrial Control and Factory Automation Market for Industrial Robots, By Process Industry, 2014–2023 (USD Million)
Table 28 Industrial Control and Factory Automation Market for Industrial Robots, By Discrete Industry, 2014–2023 (USD Billion)
Table 29 Industrial Control and Factory Automation Market for Machine Vision, By Process Industry, 2014–2023 (USD Million)
Table 30 Industrial Control and Factory Automation Market for Machine Vision, By Discrete Industry, 2014–2023 (USD Million)
Table 31 Industrial Control and Factory Automation Market for Control Valves, By Process Industry, 2014–2023 (USD Million)
Table 32 Industrial Control and Factory Automation Market for Control Devices, By Process Industry, 2014–2023 (USD Million)
Table 33 Industrial Control and Factory Automation Market for Control Devices, By Discrete Industry, 2014–2023 (USD Billion)
Table 34 Industrial Control and Factory Automation Market for Field Instruments, By Process Industry, 2014–2023 (USD Billion)
Table 35 Industrial Control and Factory Automation Market for Human–Machine Interface, By Process Industry, 2014–2023 (USD Million)
Table 36 Industrial Control and Factory Automation Market for Human–Machine Interface, By Discrete Industry, 2014–2023 (USD Million)
Table 37 Industrial Control and Factory Automation Market for Industrial Pc, By Process Industry, 2014–2023 (USD Million)
Table 38 Industrial Control and Factory Automation Market for Industrial Pc, By Discrete Industry, 2014–2023 (USD Million)
Table 39 Industrial Control and Factory Automation Market for Sensors, By Process Industry, 2014–2023 (USD Billion)
Table 40 Industrial Control and Factory Automation Market for Sensors, By Discrete Industry, 2014–2023 (USD Million)
Table 41 Industrial Control and Factory Automation Market for Industrial 3d Printing, By Process Industry, 2014–2023 (USD Million)
Table 42 Industrial Control and Factory Automation Market for Industrial 3d Printing, By Discrete Industry, 2014–2023 (USD Million)
Table 43 Industrial Control and Factory Automation Market, By Industry, 2014–2023 (USD Billion)
Table 44 Industrial Control and Factory Automation Market, By Process Industry, 2014–2023 (USD Billion)
Table 45 Industrial Control and Factory Automation Market for Process Industry, By Solution, 2014–2023 (USD Billion)
Table 46 Industrial Control and Factory Automation Market for Process Industry, By Component, 2014–2023 (USD Billion)
Table 47 Industrial Control and Factory Automation Market, By Discrete Industry, 2014–2023 (USD Billion)
Table 48 Industrial Control and Factory Automation Market for Discrete Industry, By Solution, 2014–2023 (USD Million)
Table 49 Industrial Control and Factory Automation Market for Discrete Industry, By Component, 2014–2023 (USD Billion)
Table 50 Industrial Control and Factory Automation Market, By Region, 2014–2023 (USD Billion)
Table 51 Industrial Control and Factory Automation Market for Solution, By Region, 2014–2023 (USD Billion)
Table 52 Industrial Control and Factory Automation Market for Component, By Region, 2014–2023 (USD Billion)
Table 53 Industrial Control and Factory Automation Market in North America, By Country, 2014–2023 (USD Billion)
Table 54 Industrial Control and Factory Automation Market in North America, By Solution, 2014–2023 (USD Billion)
Table 55 Industrial Control and Factory Automation Market in North America, By Component, 2014–2023 (USD Billion)
Table 56 Industrial Control and Factory Automation Market, By Europe, 2014–2023 (USD Billion)
Table 57 Industrial Control and Factory Automation Market in Europe, By Solution, 2014–2023 (USD Billion)
Table 58 Industrial Control and Factory Automation Market in Europe, By Component, 2014–2023 (USD Billion)
Table 59 Industrial Control and Factory Automation Market in APAC, By Country, 2014–2023 (USD Billion)
Table 60 Industrial Control and Factory Automation Market in APAC, By Solution, 2014–2023 (USD Billion)
Table 61 Industrial Control and Factory Automation Market in APAC, By Component, 2014–2023 (USD Billion)
Table 62 Industrial Control and Factory Automation Market in RoW, By Region, 2014–2023 (USD Billion)
Table 63 Industrial Control and Factory Automation Market in RoW, By Solution, 2014–2023 (USD Million)
Table 64 Industrial Control and Factory Automation Market in RoW, By Component, 2014–2023 (USD Million)
Table 65 Ranking of Key Players in Industrial Control and Factory Automation Market, 2016
Table 66 Agreements, Contracts, Joint Ventures, Collaborations & Partnerships, 2016–2017
Table 67 Product Launches and Developments, 2016–2017
Table 68 Acquisitions, 2016–2017
Table 69 Expansions, 2016–2017

List of Figures (89 Figures)

Figure 1 Industrial Control and Factory Automation Segmentation
Figure 2 Industrial Control and Factory Automation Market: Research Design
Figure 3 Industrial Control and Factory Automation: Bottom-Up Approach
Figure 4 Industrial Control and Factory Automation: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Industrial Control and Factory Automation Market for Solution to Grow at Highest CAGR During Forecast Period
Figure 8 Industrial 3d Printing to Grow at Highest CAGR in Industrial Control and Factory Automation Market for Component During Forecast Period
Figure 9 AR & VR Expected to Grow at the Highest CAGR in Enabling Technology During Forecast Period
Figure 10 DCS Expected to Hold Largest Share of Industrial Control and Factory Automation Market for Solution By 2023
Figure 11 Industrial Control and Factory Automation Market, By Process Industry (USD Billion)
Figure 12 Industrial Control and Factory Automation Market, By Discrete Industry
Figure 13 Industrial Control and Factory Automation Market, By Region
Figure 14 Industry 4.0 Revolution is Shaping Future of Industrial Manufacturing
Figure 15 MES to Grow at Highest CAGR in Industrial Control and Factory Automation Market During Forecast Period
Figure 16 Industrial Robots to Hold Largest Share of Industrial Control and Factory Automation Market During Forecast Period
Figure 17 IIoT to Hold Major Share of Enabling Technology By 2023
Figure 18 Industrial Robots to Hold Largest Share of Industrial Control and Factory Automation Market for Component in APAC
Figure 19 Oil & Gas to Hold Large Share of Industrial Control and Factory Automation Market for Process Industry By 2023
Figure 20 Automotive to Hold Largest Share of Industrial Control and Factory Automation Market for Discrete Industry During Forecast Period
Figure 21 China to Grow at Highest CAGR in Industrial Control and Factory Automation Market During Forecast Period
Figure 22 Extensive Use of Enabling Technology in Manufacturing Expected to Drive Growth of Industrial Control and Factory Automation Market
Figure 23 Declining Oil Prices
Figure 24 Evolution of Industry 4.0
Figure 25 Cyberattacks in 2017
Figure 26 Value Chain Analysis: Maximum Value Added During System Integration Stage
Figure 27 Regulations and Standards for Industrial Control and Factory Automation Market
Figure 28 Cyber-Physical System: Leading Trend in Industrial Control and Factory Automation Market
Figure 29 Industrial Internet of Things (IIoT) to Hold Largest Share of Enabling Technology During Forecast Period
Figure 30 AR to Hold Largest Share of AR and VR Market During Forecast Period
Figure 31 Power Industry to Hold Largest Share of Industry Cybersecurity By 2023
Figure 32 Manufacturing Industry Holds Largest Share of IIoT Market During Forecast Period
Figure 33 Industrial Control and Factory Automation Market, By Solution
Figure 34 Uses of Different Solutions in Manufacturing Industries
Figure 35 Automotive Industry to Dominate Industrial Control and Factory Automation Market for Discrete Industry During Forecast Period
Figure 36 Scope of SCADA in Industrial Control and Factory Automation Market
Figure 37 Power Industry to Hold Largest Share of Industrial Control and Factory Automation Market for SCADA By 2023
Figure 38 Advantages of PLC in Automation Process
Figure 39 Growth of PLC in Automotive Industry
Figure 40 Benefits of DCS in Industrial Plant
Figure 41 Various DCS Systems Offered By Different Companies
Figure 42 Power Industry to Dominate Industrial Control and Factory Automation Market for DCS During Forecast Period
Figure 43 Advantages of PLM in Manufacturing Industries
Figure 44 Aerospace and Defense Industry to Dominate Industrial Control and Factory Automation Market for PLM By 2023
Figure 45 Safety-Related Standards
Figure 46 Power Industry to Dominate Industrial Control and Factory Automation Market for Functional Safety During Forecast Period
Figure 47 Automotive Industry to Lead Industrial Control and Factory Automation Market for PAM By 2023
Figure 48 Industrial Control and Factory Automation Market Segmentation, By Component
Figure 49 Industrial Robots to Hold Largest Share of Industrial Control and Factory Automation Market By 2023
Figure 50 Automotive Industry to Dominate Industrial Control and Factory Automation Market for Component During Forecast Period
Figure 51 Mining & Metals Industry to Hold Largest Share of Industrial Control and Factory Automation Market for Industrial Robots By 2023
Figure 52 Classification of Machine Vision Used in Industrial Control and Factory Automation Market
Figure 53 Semiconductor and Electronics Industry to Hold Largest Share of Industrial Control and Factory Automation for Machine Vision By 2023
Figure 54 Classification of Cameras Used in Industrial Control and Factory Automation Market
Figure 55 Advantages and Disadvantages of Different Types of Valves
Figure 56 Power Industry to Hold Largest Share of Industrial Control and Factory Automation for Control Valves By 2023
Figure 57 Classification of Control Devices
Figure 58 Automotive Industry to Dominate Industrial Control and Factory Automation Market for Control Devices During Forecast Period
Figure 59 Types of Transmitters Under Field Instruments
Figure 60 Oil & Gas Industry to Hold Largest Share of Industrial Control and Factory Automation Market for Industrial Pc During Forecast Period
Figure 61 Aerospace and Defense Industry to Hold Largest Share of Industrial Control and Factory Automation Market for Industrial 3d Printing By 2023
Figure 62 Industrial Control and Factory Automation Market, By Industry
Figure 63 Process Industry to Hold A Larger Share of Industrial Control and Factory Automation Market By 2023
Figure 64 Oil & Gas Industry to Dominate Industrial Control and Factory Automation Market During Forecast Period
Figure 65 MES to Hold Largest Share of Industrial Control and Factory Automation Market for Discrete Industry By 2023
Figure 66 Industrial Control and Factory Automation Market, By Geography
Figure 67 Geographic Snapshot: Industrial Control and Factory Automation Market
Figure 68 APAC to Dominate Industrial Control and Factory Automation Market for Component During Forecast Period
Figure 69 Snapshot: Industrial Control and Factory Automation Market in North America
Figure 70 US to Hold Largest Share of Industrial Control and Factory Automation Market in North America By 2023
Figure 71 Snapshot: Industrial Control and Factory Automation Market in Europe
Figure 72 MES to Dominate Industrial Control and Factory Automation Market in Europe During Forecast Period
Figure 73 Snapshot: Industrial Control and Factory Automation Market in APAC
Figure 74 Industrial Robots to Dominate Industrial Control and Factory Automation Market in APAC During Forecast Period
Figure 75 Middle East to Hold Largest Share of Industrial Control and Factory Automation Market in RoW By 2023
Figure 76 Sensors to Hold Largest Share of Industrial Control and Factory Automation in RoW By 2023
Figure 77 Product Launches and Developments as the Key Growth Strategy Adopted By the Companies Between 2016 and 2017
Figure 78 Market Evolution Framework: Product Launches and Developments Fueled the Growth of the Industrial Control and Factory Automation Market
Figure 79 Product Launches and Developments Were Key Strategies Adopted By Key Players Between 2016 and 2017
Figure 80 ABB: Company Snapshot
Figure 81 Emerson: Company Snapshot
Figure 82 Rockwell: Company Snapshot
Figure 83 Siemens: Company Snapshot
Figure 84 General Electric: Company Snapshot
Figure 85 Schneider: Company Snapshot
Figure 86 Yokogawa: Company Snapshot
Figure 87 Omron: Company Snapshot
Figure 88 Mitsubishi: Company Snapshot
Figure 89 Honeywell: Company Snapshot

The industrial control and factory automation market is expected to be worth USD 239.11 Billion by 2023, at a CAGR of 7.4% from USD 155.26 in 2017 between 2017 and 2023. The growth of this market is propelled by the extensive use of enabling technologies in manufacturing, continuous innovation in industrial robotics boosting its adoption in manufacturing, need for mass production and connected supply chain to cater the growing population, and government initiatives toward the adoption of industrial automation in various industries.

The industrial control and factory automation market for Manufacturing Execution System (MES) is expected to hold the largest share by 2023. MES combines all the tasks of modern production management in a comprehensive software system for the factory. MES is used in manufacturing industries where a computer system is used for tracking and tracing the process operation from raw material till formation of finished goods. For instance, the automotive industry requires MES for constant upgrades due to rapid changes in manufacturing and manufacturing technologies.

The industrial control and factory automation market for industrial robots is expected to hold the largest share by 2023. Industrial robots are used in all types of process and discrete industry for supporting the manufacturing process. For example, in the automotive industry, industrial robots perform some major activities such as material handling, palletizing, laser and camera operations, foundry operations, and painting. Moreover, industrial robots are used to install the complete dashboard of a car, join the chassis (decking) for heavy automotive such as excavators, or install components.

The Industrial Internet of Things (IIoT) is expected to hold the largest share of enabling technology by 2023. IIoT is a transformative manufacturing strategy that helps automation manufacturing companies to improve quality, safety, and productivity in their plants. IIoT is used in the manufacturing plants is a combination of machine learning, big data, sensor data, and machine-to-machine communication. IIoT helps in predictive and proactive maintenance, real-time monitoring, and remote diagnosis.

The industrial control and factory automation market for the process industry is expected to hold the largest share by 2023. The rate of adoption of the solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. In the manufacturing process, the discrete manufacturers uses automation system such as distributed control systems (DCS) and programmable logic controllers (PLCs) to operate and control the motors, robots, and conveyors.

Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023 and hold the largest share of the industrial control and factory automation market by 2023 because of the growing presence of automotive industries. The technological innovation in the automation sector drives the growth of the industrial control and factory automation market. North America is expected to hold the second largest share of this market by 2023. North America is adopting industrial control and factory automation technologies to manage their production efficiently. In addition, the US government has implemented the advanced manufacturing partnership 2.0 initiative to strengthen its competitive position in industrial technologies over other countries. The companies in the US consolidated their production and increased their focus on operational expenditure over capital expenditure. The increasing use of smart manufacturing technologies is enabling manufacturers to enhance their production efficiency and decrease their operation expenditure.

The key restraining factors of the industrial control and factory automation market are high capital investment and limited re-investment, declining oil and gas prices affecting infrastructure related investments, and lack of skilled personnel. The key market players such as Siemens (Germany), ABB (Switzerland), Emerson (US), Mitsubishi (Japan), and Schneider (France) are focusing on strategies such as product launches and developments, agreements, contracts, joint ventures, collaborations, partnerships, expansions, and acquisitions.

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