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Programmable Logic Controller Market Size & Share Report | Forecast Through 2034

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • 4 days ago
  • 3 min read

According to Fortune Business Insights thee global Programmable Logic Controller (PLC) market size was valued at USD 12.66 billion in 2025. The market is projected to grow from USD 13.45 billion in 2026 to USD 21.83 billion by 2034, exhibiting a CAGR of 6.20% during the forecast period. The Programmable Logic Controller (PLC) Market represents a core component of the global industrial automation landscape. PLCs are widely used to automate industrial processes by controlling machinery, production lines, and equipment across manufacturing, energy, automotive, chemicals, and utilities industries. Their ability to deliver high reliability, flexibility, and real-time control in harsh industrial environments makes them essential for modern automation systems.

Market growth is driven by increasing adoption of industrial automation, rapid shift toward smart manufacturing, and growing implementation of Industry 4.0 technologies. Industries are investing in PLCs to improve operational efficiency, reduce downtime, and support predictive maintenance and real-time monitoring capabilities.

Market Trends

  • Integration with IoT and Analytics: Modern PLCs are increasingly designed to support real-time data exchange, remote monitoring, and predictive maintenance.

  • Rising Demand for Compact Controllers: Micro and nano PLCs are gaining popularity in small-scale automation projects and discrete manufacturing.

  • Smart Factory Expansion: Growing adoption of smart factories and digital production systems is driving demand for intelligent PLC solutions.

Market Drivers

  • Increasing demand for automated manufacturing processes

  • Adoption of Industry 4.0 and digital transformation initiatives

  • Need for improved productivity, safety, and operational efficiency

  • Expansion of smart infrastructure and energy management systems

Market Restraints

  • High initial investment and system integration costs

  • Cybersecurity concerns associated with connected industrial control systems

  • Requirement for skilled workforce to design and maintain PLC systems

Market Segmentation Analysis

  • By Component, the market is divided into hardware and software & services. The hardware segment holds the dominant share due to high demand for controllers, I/O modules, and power supplies in automation systems, while software and services are gaining traction with rising needs for system integration, programming, and maintenance.

  • By Type, the market includes compact and modular PLCs, along with micro, nano, and large PLC variants. Modular PLCs dominate due to their scalability and flexibility in complex industrial applications, while compact PLCs are increasingly adopted in small and mid-scale automation projects.

  • By End-Use Industry, the market covers automotive, energy & utilities, oil & gas, chemicals, food & beverages, pharmaceuticals, and metals & mining. The automotive and manufacturing sectors account for a significant share, driven by high automation intensity and demand for precision control.

  • By Region, Asia Pacific leads the market due to rapid industrialization and increasing automation investments, followed by North America and Europe, supported by advanced manufacturing infrastructure and digital transformation initiatives.

Competitive Landscape

The PLC market is moderately competitive, with global automation leaders focusing on innovation, software integration, and advanced control capabilities.

Key Players

  • Siemens AG (Germany)

  • Rockwell Automation, Inc. (U.S.)

  • Schneider Electric SE (France)

  • Mitsubishi Electric Corporation (Japan)

  • ABB Ltd. (Switzerland)

  • Ormron Corporation (Japan)

  • Honeywell International Inc. (U.S.)

  • Emerson Electric Co. (U.S.)

  • Bosch Rexroth AG (Robert Bosch GmbH Group) (Germany)

  • Hitachi, Ltd. (Japan)

Key Industry Development:

  • June 2025- Mitsubishi Electric Corporation recognized with an honor from Control Engineering Product of the Year Awards in the Safety & Cybersecurity category. This award is given for their incorporation of Dispel’s Zero Trust Engine into its OT remote access solutions. This system offers secure, scalable remote monitoring, and maintenance in industrial environments.

  • April 2025- Rockwell Automation introduces a cloud-connected PLC system equipped with advanced cybersecurity features. The aim of this product is to strengthen protection against threats in industrial control networks across the world.

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