Automation and Controls Market

The global automation and controls market size was valued at $329.62 billion in 2020, and is projected to reach $845.15 billion by 2030, registering a CAGR of 10.7% from 2021 to 2030. 

Automation and control are advanced aspects of modern manufacturing and utility supply chains that are meant to control and monitor industrial operations to reduce human interference. Further, motion control systems in the manufacturing sector is designed with a primary focus to design and develop automation in the manufacturing process. In addition, a wide range of process variables, such as pressure, distance, flow, temperature, and liquid levels, can be detected simultaneously in real-time in industrial automatic control. In addition, the industrial control systems in automation is an essential part of the automation system used to ensure the process variables follow the set points. 

Through Industry Internet of Things technology, the Industry 4.0 solutions connect, control, and monitor an industrial network of applications such as machines, robots, gadgets, devices, and other cloud computing solutions in real time.

Furthermore, the increased use of edge computing and artificial intelligence-based automation solutions is anticipated to propel the automation and controls market growth during the forecast period.

The automation and controls market share are expected to witness notable growth during the forecast period, owing to surge in demand for industrial automation in manufacturing sectors. Furthermore, government regulations in support to industrial automation have driven the growth of the market. Moreover, rise in organizations focused on worker safety is expected to propel the growth of automation and controls market.

However, high implementation cost associated with the installation is restrain the market growth. On the contrary, growth in industrial robotics paired with adoption of Industry 4.0 across various industries are expected to provide lucrative opportunities for the growth of the automation and controls market during the forecast period.

Covid-19 Impact Analysis

The outbreak of COVID-19 has significantly impacted the manufacturing and industrial sector globally in 2020. However, the rise in embracement in industry 4.0 over the past few years, COVID-19 has significantly boosted the growth of industry automation across manufacturing sector. Further, the vast changes in consumer behavior, owing to emergence of COVID-10, which will ultimately lead to the growth of automation and virtualization. In addition, rise in the adoption of digital solution such as real time monitoring and decision-making solutions across various industries is anticipated to drive the automation and controls market post pandemic. 

Segment Overview

The global automation and controls market is segmented into product, application, end use, and region. On the basis of product, the market is bifurcated into PLC, SCADA, PAC, DDCS, HMI, and MES. The SCADA segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. The application segment covered in the study include lighting, HVAC, safety & security, and others. The safety & security segment was the highest revenue contributor in 2020, and is anticipated to garner significant market share during the forecast period. By end use, the market is categorized into residential, commercial (hospitality, enterprise, and retail), and industrial (oil & gas, mining & metals, automotive & transportation, manufacturing, electrical & electronics, aerospace & defense, and others). The industrial segment acquired the largest share in 2020, and is expected to grow at a high CAGR from 2021 to 2030. 

Region wise, the automation and controls market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of the Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Europe, specifically the Germany, remains a significant participant in the global Automation and Controls market. Major organizations and government institutions in the country are intensely putting resources into the technology. 

Top Impacting Factors

Significant factors that impact the growth of the global automation and controls industry include surge in demand for AI-based chatbots solutions and increase in demand for artificial intelligence-powered customer support services. However, absence of knowledge about conversational artificial intelligence-powered solutions is acting as a prime barrier for early adoption, which hampers the growth of the market. On the contrary, rise in deployment of omnichannel methods coupled growth in client engagement through social media platforms are expected to offer potential growth opportunity for the automation and controls market during the forecast period.

Competitive Analysis

Competitive analysis and profiles of the major automation and controls market players such as ABB Group, Bosch Rexroth AG, Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International Inc., KUK AG, Rockwell Automation, Schneider Electric SE, and Siemens AG are provided in this report. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.

Key Benefits For Stakeholders

• This study comprises analytical depiction of the automation and controls market size along with the current trends and future estimations to depict the imminent investment pockets.
• The overall automation and controls market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current automation and controls market forecast are quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
• The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
• The report includes the market share of key vendors and automation and controls market trends.

 Automation and Controls Market Report Highlights