Industrial Automation Products Market by Products (Sensors, Drives, Switches & Relays, Controllers, Industrial Robots), by Industry (Aerospace & Defense, Automotive, Chemical, Energy & Utilities), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Industrial Automation Products Market size was valued at USD 147.9 USD million in 2023 and is projected to reach USD 218.8 million by 2032, exhibiting a CAGR of 8.2 % during the forecast period. Industrial Automation refers to the appliance of highly developed technologies such as robots, artificial intelligence, and machine learning into the manufacturing lines to elevate productivity, safety, and output. These jobs are performed by automated systems for processes such as assembling, packaging, and quality control that would require human intervention. It is employed to restructure the manufacturing process of the automotive, electronic goods, and pharmaceuticals industry. Several trends are behind its growth, including the use of IOT for real-time control and predictive maintenance in the context of manufacturing, the increasing popularity of collaborative robots in business, and the integration of automation with cloud computing for remote management and data analytics. With industries aiming at precision, speed as well as lower costs, the expansion of the market for automation in industries can be intrinsically linked to speed.
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This comprehensive report provides an in-depth analysis of the industrial automation products market, including market size, growth trends, key players, industry developments, challenges, and emerging trends.
The market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to be the largest regional market due to the growing presence of manufacturing facilities and government initiatives promoting automation.
The industrial automation products market is expected to witness significant growth in the coming years driven by the adoption of robotics and automation, rising labor costs, and government initiatives. Companies are investing in innovation and expanding their product portfolios to meet the growing demand for automated solutions.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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