Market Summary
Research Methodology on Factory Automation Market
1. Introduction
Factory Automation is gaining popularity in various industries such as food and beverages, automotive, electronics, and chemicals, among others. It involves the use of automatic equipment and machinery to increase the accuracy and speed of the production process. Factory automation makes the entire process faster and more efficient which leads to cost savings, reduced labour costs and improved quality. The global Factory Automation Market is growing at a fast pace due to the increasing need for increased efficiency and precision in production. According to a report by Market Research Future (MRFR), the global Factory Automation market is expected to grow at a healthy compound annual growth rate (CAGR) during the forecast period of 2023 to 2030. The said published report provides an in-depth analysis of the current trends, drivers, and challenges in the global factory automation market.
2. Research Objectives
The objective of the published research report by MRFR is to get an in-depth understanding of the latest trends, drivers, and challenges in the global factory automation market and to provide an overview of the key players, products and technologies in the market. To achieve this, the following research objectives are set:
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To analyze the current trends and opportunities in the global factory automation market.
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To identify the key drivers and restraints of the factory automation market.
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To gain insights into the competitive landscape of the market.
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To study the key products and technologies used in the factory automation market.
3. Research Methodology
3.1 Research Design
The research design adopted for this study is a qualitative and quantitative approach. The qualitative approach is used to understand the current trends and opportunities in the global factory automation market. This includes studying the published literature, conducting interviews with industry experts, and analyzing the market research reports. The quantitative approach is used to understand market trends and to formulate market forecasts. This involves analyzing the primary and secondary data sources and forecasting the market size and market shares.
3.2 Data sources
Both primary and secondary data sources are used for this study. The primary sources include industry experts, market participants, key opinion leaders, and research experts. The secondary sources include whitepapers, press releases, industry publications, company publications, magazines, paid databases and internet sources. To validate the data collected, various methods such as triangulation and end-point cross-checking are used.
3.3 Research coverage
The research covered in this report studies the global factory automation market which includes a study of the current trends, opportunities, drivers, restraints, and challenges in the market. The report also includes a study of the key product types, technologies, and market players.
3.4 Market Size Estimation
The market size is estimated by collecting data from both primary and secondary sources. The data sources include industry experts, market participants, key opinion leaders, and research experts. The data collected from the primary sources is validated using techniques such as triangulation and end-point cross-checking. The market size is estimated using the bottom-up approach, wherein the market is divided into various product types and technologies. The market size is estimated by forecasting the revenues of the key players in the market.
3.5 Data Analysis
The collected data is analyzed using a variety of methods such as in-depth interviews, the Delphi technique, graphical analysis, PESTLE analysis, Porter’s five forces analysis and SWOT analysis. The data is further analyzed using statistical and econometric models for market forecasting.
3.6 Variable Identification
The following variables are identified and studied in this research: market size, market segmentation, competitive landscape, key product types, technologies, competitive strategies and forecast.
3.7 Market Forecasting
The market size is forecasted using econometric models such as regression analysis and extrapolation. The models are used to account for factors such as the macroeconomic environment, market dynamics, market trends, competition, and government regulations. The forecast is further validated using the Monte Carlo simulation and sensitivity analysis.
4. Conclusion
The research report by MRFR provides an in-depth understanding of the current trends, drivers, restraints and opportunities in the global factory automation market. The research provides an overview of the key product types, technologies, and market players. The research is conducted using a qualitative and quantitative approach, and the market size is forecasted using econometric models for the period from 2023 to 2030.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 205.0 Million |
Market Size 2024 | USD 224.1 Million |
Market Size 2032 | USD 403.8 Million |
Compound Annual Growth Rate (CAGR) | 7.6% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018 & 2022 |
Market Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Technology, End-User, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | ABB, Emerson Electric Co., Mitsubishi Electric Corporation, General Electric, Rockwell Automation, Inc., Omron Corporation, Honeywell International Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric |
Key Market Opportunities | The ongoing trend toward Factory Automation is being reflected in an increase in the number of industrial robots. |
Key Market Dynamics | Rising Demand for Automation for Qualitative & Reliable Manufacturing |
Major Players
Factory Automation Market Segmentation
Factory Automation Type Outlook (USD Billion, 2018-2032)
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Factory Automation Technology Outlook (USD Billion, 2018-2032)
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Factory Automation End-user Outlook (USD Billion, 2018-2032)
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Factory Automation Regional Outlook (USD Billion, 2018-2032)
North America Outlook (USD Billion, 2018-2032)
North America Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
North America Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
North America Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
US Outlook (USD Billion, 2018-2032)
US Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
US Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
US Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
CANADA Outlook (USD Billion, 2018-2032)
CANADA Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
CANADA Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
CANADA Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Europe Outlook (USD Billion, 2018-2032)
Europe Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Europe Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Europe Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Germany Outlook (USD Billion, 2018-2032)
Germany Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Germany Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Germany Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
France Outlook (USD Billion, 2018-2032)
France Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
France Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
France Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
UK Outlook (USD Billion, 2018-2032)
UK Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
UK Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
UK Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
ITALY Outlook (USD Billion, 2018-2032)
ITALY Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
ITALY Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
ITALY Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
SPAIN Outlook (USD Billion, 2018-2032)
Spain Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Spain Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Spain Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Rest Of Europe Outlook (USD Billion, 2018-2032)
Rest Of Europe Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
REST OF EUROPE Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
REST OF EUROPE Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Asia-Pacific Outlook (USD Billion, 2018-2032)
Asia-Pacific Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Asia-Pacific Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Asia-Pacific Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
China Outlook (USD Billion, 2018-2032)
China Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
China Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
China Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Japan Outlook (USD Billion, 2018-2032)
Japan Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Japan Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Japan Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
India Outlook (USD Billion, 2018-2032)
India Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
India Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
India Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Australia Outlook (USD Billion, 2018-2032)
Australia Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Australia Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Australia Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
Rest of Asia-Pacific Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Rest of Asia-Pacific Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Rest of Asia-Pacific Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Rest of the World Outlook (USD Billion, 2018-2032)
Rest of the World Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Rest of the World Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Rest of the World Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Middle East Outlook (USD Billion, 2018-2032)
Middle East Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Middle East Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Middle East Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Africa Outlook (USD Billion, 2018-2032)
Africa Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Africa Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Africa Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
Latin America Outlook (USD Billion, 2018-2032)
Latin America Factory Automation by Type
Fixed Automation
Programmable Automation
Flexible Automation
Integrated Automation
Latin America Factory Automation by Technology
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
Others
Latin America Factory Automation by End-user
Manufacturing
Automotive
Packaging & Processing
Energy & Power
Semiconductor & Electronics
Printing & Converting
Others
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