The Global Industrial Automation And Control Systems Market size is expected to reach $301.8 billion by 2028, rising at a market growth of 10.0% CAGR during the forecast period.
Industrial automation and control systems (IACS) are a collection of hardware, software, and personnel that influence or affect the reliable and secure working of any industrial process. This standard description of IACS has been provided by code 62443 of IEC, an international organization for standards. IACS solutions are highly remote-operable and also allow for remote monitoring.
This remote workability differs in different types of IACS. The integration of the system with the plant floor also covers the integration of sales operations, R&D, supply chains, and compliance processes. Industrial automation and control system solutions require smart devices essentially for data gathering as well as secure networks to support communications and data transfers.
Primarily, sensors on machinery and equipment are used to accomplish this. IACS needs communication solutions, hardware, and software to convert the collected sensor data into useful information that triggers an automatic action. This could involve activities on the assembly line, including switching from one set to another.
IACS is also capable of autonomously regulating the production level based on data gathered in real-time and from distribution networks and sales. The most common IACS systems are basic process control systems (BPCS) and safety instrumented systems (SIS). A BPCS is essentially a system that manages monitoring and process control for a facility.
The system takes inputs from process instruments and sensors and gives output that is based on control functions and is in accordance with the specified design control strategy. The BPCS, in general, optimizes the operations in a plant to facilitate the production of a good quality product while maintaining the process variables within limits. It also provides a human machine interface (HMI) for control and monitoring, as well as allows event logging and trending functions.
The rise of the market leaders was aided by the increase in investment and future improvement and establishment of automation in the manufacturing sector. The production process in several sectors, such as aerospace, automotive, and heavy engineering, has become more digitalized. Therefore, integrating IIoT into manufacturing facilities became essential for linking devices and systems to a network. New automated developments were also aided by artificial intelligence (AI), machine learning (ML), and cloud computing. Consequently, the pandemic positively impacted the industrial automation and control systems market.
Increasing Advancements In The Smart Manufacturing Applications
The increase in smart manufacturing has increased the transformation towards smart factories or industry 4.0. The automobile and information technology are two prominent sectors that use smart manufacturing as they demand high precision and low error rates. The use of machines like robotic arms equipped with sensors has propelled the use of IACS systems. In addition, the growing need for standardization among various equipment and devices to ease interoperability requires more precision and optimized techniques, which can be delivered by IACS systems.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The below illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.
The provision of increased productivity is one of the essential benefits of IACS in businesses, as improving the production facility also helps strengthen the company. Speeding up production, for instance, enables enterprises to optimize distribution networks and procedures, which can ultimately impact customer service and sales operations. In addition, companies can maximize the utilization of resources in manufacturing lines since the IACS can effectively handle repetitive jobs like scheduling regular machine maintenance, recording batch information, batch changeovers, and more.
Implementing machine automation techniques into the business tends to have some drawbacks. Most automation applications are not adaptable to complexities and, therefore, are Inadequate for complex or non-repetitive tasks. Even though machines increase redundancy, complex production has remained a challenge. There still exists a multitude of sophisticated or personalized production tasks that humans can only do.
Based on component, the industrial automation and control systems market is categorized into HMI, industrial robots, control valves, sensors, and others. The industrial robot segment witnessed a considerable growth rate in the industrial automation and control systems market in 2021. The extensive use of industrial robots in manufacturing processes is mainly driving the growth of the segment. Industrial robots maintain a continuous and smooth flow of work. Industrial robots have transformed the working environments by offering strength, accuracy, and operation optimization with efficiency and speed.
On the basis of type, the industrial automation and control systems market is divided into DCS, PLC, SCADA, and others. The supervisory control and data acquisition (SCADA) segment recorded a substantial revenue share in the industrial automation and control systems market in 2021. SCADA is a control system architecture that includes multiple graphical user interfaces, computers, and data communication networks. The system enables the supervision of various processes and machines.
Based on vertical, the industrial automation and control systems market is classified into aerospace & defence, automotive, energy & utilities, food & beverage, healthcare, manufacturing, chemical, mining & metal, oil & gas, and others. The automotive industry recorded a considerable growth rate in the industrial automation and control systems market in 2021. Automotive manufacturers have adopted the IACS systems to manage their operational costs. Post-pandemic, the adoption rate of IACS has increased as a result of marginal profits.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 156.9 Billion |
| Market size forecast in 2028 | USD 301.8 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 10% from 2022 to 2028 |
| Number of Pages | 313 |
| Number of Tables | 443 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Component, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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On the basis of region, the industrial automation and control systems market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered the highest revenue share in the industrial automation and control systems market in 2021. The increased presence of manufacturers of the system and industries that could use IACS are accountable for the growth of this segment. There is also an increasing demand for IACS systems in emerging nations as the new companies hope to establish a strong foothold. Incorporating IACS into conventional manufacturing facilities to perform smart manufacturing has been a rising trend in the region.
Free Valuable Insights: Global Industrial Automation And Control Systems Market size to reach USD 301.8 Billion by 2028
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Schneider Electric SE, Siemens AG, Honeywell International, Inc., ABB Group are the forerunners in the Industrial Automation And Control Systems Market. Companies such as Yokogawa Electric Corporation, Emerson Electric Co., Rockwell Automation, Inc. are some of the key innovators in Industrial Automation And Control Systems Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
By Type
By Component
By Vertical
By Geography
The global Industrial Automation And Control Systems Market size is expected to reach $301.8 billion by 2028.
Increasing Advancements In The Smart Manufacturing Applications are driving the market in coming years, however, Lack Of Adaptability Of Automation Machines restraints the growth of the market.
ABB Group, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
The expected CAGR of the Industrial Automation And Control Systems Market is 10.0% from 2022 to 2028.
The Distributed Control Systems (DCS) segment acquired maximum revenue share in the Global Industrial Automation and Control Systems Market by Type in 2021 thereby, achieving a market value of $111.2 billion by 2028.
The Asia Pacific market dominated the Global Industrial Automation and Control Systems Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $113.2 billion by 2028.
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