Industrial Automation Market Trends, Drivers, Size & Forecast 2034
- Pallavi Garudkar
- Mar 16
- 3 min read
According to Fortune Business Insights the global industrial automation market size was estimated at USD 272.51 billion in 2025. The market is expected to rise from USD 299.21 billion in 2026 to USD 632.12 billion by 2034, expanding at a CAGR of 9.80% from 2026 to 2034. Industrial automation refers to the use of control systems, robotics, software, and advanced technologies to automate industrial processes and machinery. These systems help improve productivity, reduce human intervention, enhance safety, and ensure consistent product quality across manufacturing operations.
The growing need for operational efficiency, cost reduction, and improved manufacturing accuracy is encouraging industries worldwide to adopt automation technologies such as programmable logic controllers (PLC), distributed control systems (DCS), robotics, and human-machine interfaces (HMI).
Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-automation-market-101589
Market Segmentation
By Component
Hardware
Software
Services
Hardware components such as industrial robots, sensors, controllers, and drives account for a large market share due to their critical role in automated production systems.
By Control System
Distributed Control Systems (DCS)
Programmable Logic Controllers (PLC)
Supervisory Control and Data Acquisition (SCADA)
Human Machine Interface (HMI)
Others
PLC systems are widely used because of their flexibility and reliability in controlling manufacturing processes.
By Industry
Automotive
Electronics & Semiconductor
Oil & Gas
Pharmaceuticals
Food & Beverage
Metals & Mining
Energy & Utilities
Others
The automotive sector is a major adopter of industrial automation due to extensive use of robotics and automated assembly lines.
Regional Insights
North America: North America holds a significant share of the industrial automation market due to early adoption of advanced manufacturing technologies and strong investments in smart factory infrastructure.
Asia Pacific: Asia Pacific is one of the fastest-growing regions driven by rapid industrialization and increasing adoption of automation technologies in countries such as China, Japan, South Korea, and India.
Europe: Europe is a key market due to strong manufacturing industries and government initiatives promoting Industry 4.0 and digital transformation in industrial sectors.
Rest of the World: Regions such as Latin America, the Middle East, and Africa are gradually adopting industrial automation technologies as manufacturing activities and industrial investments increase.
Market Insights
Increasing implementation of Industry 4.0 and smart manufacturing technologies is driving automation adoption.
Rising use of industrial robots, IoT sensors, and AI-based control systems is transforming production lines.
Automation improves manufacturing efficiency, product quality, and safety.
Companies are investing in predictive maintenance and real-time monitoring systems to reduce downtime.
Growing demand for automation in industries such as automotive, electronics, pharmaceuticals, and energy is supporting market growth.
Key Players in the Industrial Automation Market
Major companies operating in the global industrial automation market include:
ABB Ltd. (Switzerland)
Emerson Electric Co. (U.S.)
General Electric Company (U.S.)
Honeywell International Inc. (U.S.)
Mitsubishi Electric Corporation (Japan)
Omron Corporation (Japan)
Rockwell Automation Inc. (U.S.)
Schneider Electric SE (France)
Key Industry Development:
July 2021-Rockwell Automation Inc. collaborated with a cloud-based product digitalization and traceability platform, Kezzler AS. The partnership aims to enable manufactures to capture their product's end-to-end journey from raw material sources to the point of sale or beyond by using cloud-based chain solutions.
July 2021- Siemens AG expanded partnership with SAP SE to deliver a new solution for the services and asset lifecycle management. The partnership aims to connect plant floor operations, product development through digital twins, and remote condition monitoring with original equipment manufacturers (OEMs) to facilitate collaboration across the asset lifecycle.
Key Takeaways
The industrial automation market is projected to reach USD 632.12 billion by 2034 with strong growth.
Industry 4.0 technologies, robotics, and artificial intelligence are major drivers of market expansion.
Asia Pacific and North America are key regions driving automation adoption.
Smart factories and digital manufacturing solutions will shape the future of industrial automation.
Get Your Customization Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/industrial-automation-market-101589?utm_medium=seg
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.com
Comments