UK and Ireland Industrial Automation MarketUK and Ireland Industrial Automation Market Strategic Roadmap: Analysis and Forecasts 2024-2032
UK and Ireland Industrial Automation Market, Forecast 2024-2032
Base Year: 2023
150 Pages
UK and Ireland Industrial Automation Market Strategic Roadmap: Analysis and Forecasts 2024-2032
Key Insights
The UK and Ireland Industrial Automation Market size was valued at USD 7.93 USD Billion in 2023 and is projected to reach USD 26.02 USD Billion by 2032, exhibiting a CAGR of 18.5 % during the forecast period. UK and Ireland Industrial Automation Market represents the market segment that concerns the utilization of automatic systems in manufacturing as well as industrial operations within these countries. It covers a lot of improvements having to do with intelligent technologies such as robots, PLC (Programmable Logic Controller) systems, SCADA (Supervisory Control and Data Acquisition) systems, and MES (Manufacturing Execution Systems). Automation in factories allows the production procedure to be designed in the most efficient way possible, besides reducing labor costs and improving product quality in industrial sectors like the automotive industry, food, and beverage industry, and pharmaceutical industry. These movements are represented by the incorporation of AI and machine learning into predictive maintenance, the adoption of cobots for a flexible manufacturing process, and as well as the rising need for the Internet of Things technology in monitoring and optimizing functions in real-time. While the UK and Ireland Industrial Automation Market observes sustained growth and fresh ideas being thrown around to counter the standards, the industries are focused on improving productivity and achieving more competitiveness.
UK and Ireland Industrial Automation Trends
The increasing adoption of Industry 4.0, the growing need for efficiency and productivity, and the rising demand for automation solutions are driving the growth of the UK and Ireland industrial automation market.
Driving Forces: What's Propelling the UK and Ireland Industrial Automation Market
- Increasing adoption of Industry 4.0: The UK and Ireland are embracing the digital transformation of manufacturing, driven by government initiatives and industry leaders.
- Growing need for efficiency and productivity: Manufacturers are seeking ways to reduce costs, improve production, and meet rising customer demands.
- Rising demand for automation solutions: The shortage of skilled labor, the need for precision and repeatability, and the safety concerns associated with hazardous tasks are fueling the demand for automated solutions.
Challenges and Restraints in UK and Ireland Industrial Automation Market
- High initial investment: Industrial automation systems entail substantial upfront costs, posing a barrier for small and medium-sized enterprises.
- Scarce skilled workforce: Deploying and maintaining industrial automation requires specialized expertise, which is often difficult to acquire and retain.
- Cybersecurity vulnerabilities: Industrial automation systems' connectivity to networks and devices heightens the risk of cyberattacks.
- Integration difficulties: Interoperability challenges can arise when integrating new automation systems with legacy infrastructure.
Emerging Trends in UK and Ireland Industrial Automation
- Adoption of cloud-based solutions: Cloud computing offers cost-effective, scalable, and remote management of industrial automation systems.
- Integration of robotics: Collaborative robots are being increasingly integrated into industrial automation processes for tasks such as assembly, welding, and handling.
- Artificial Intelligence (AI) and machine learning (ML): AI and ML are enabling predictive maintenance, process optimization, and autonomous decision-making in industrial automation systems.
Growth Catalysts in UK and Ireland Industrial Automation Industry
- Government incentives: Governments in the UK and Ireland are offering incentives and grants to encourage the adoption of industrial automation technologies.
- Industry collaborations: Partnerships between technology providers, manufacturers, and research institutions are driving innovation and development in industrial automation.
- Rising awareness: Manufacturers are becoming increasingly aware of the benefits of industrial automation and its potential to transform their operations.
Market Segmentation: UK and Ireland Industrial Automation Analysis
Component:
- Hardware
- Software
Industry:
- Discrete industry
- Process industry
Leading Players in the UK and Ireland Industrial Automation Market
- ABB Ltd.
- Siemens AG
- General Electric
- Mitsubishi Electric Corporation
- Robert Bosch GmBH
- Rockwell Automation Inc.
- Schneider Electric
- Honeywell International Inc.
- Emerson Electric Co.
- Fanuc Corporation
- Yokogawa Electric Corporation
Significant developments in UK and Ireland Industrial Automation Sector
- ABB acquires ASTI Mobile Robotics Group: ABB strengthens its robotics capabilities for autonomous material handling and logistics applications.
- Siemens launches Simatic ET 200SP Open Controller: A compact and scalable controller for industrial automation applications.
- Rockwell Automation introduces Studio 5000 Automation Engineering & Design Environment: An integrated platform for designing, programming, and maintaining industrial automation systems.
Comprehensive Coverage UK and Ireland Industrial Automation Market Report
The UK and Ireland industrial automation market report covers:
- Market dynamics and growth drivers
- Market segmentation and competitive landscape
- Industry trends and emerging technologies
- Market analysis by region and industry
- SWOT analysis of key players
- Market forecasts and future outlook
Regional Insight
Both the UK and Ireland are anticipated to experience substantial growth in their respective industrial automation markets. The UK possesses a well-established manufacturing sector, while Ireland exhibits remarkable economic expansion and technological adoption.
Recent Mergers & Acquision
- In 2023, ABB acquired ASTI Mobile Robotics Group to expand its robotics portfolio.
- In 2022, Siemens acquired Cerebra Technologies, a provider of AI-powered predictive analytics.
Regulation
- The UK and Ireland have established regulations and standards for industrial automation systems, including safety, cybersecurity, and data protection.
Patent Analysis
- The number of patent applications related to industrial automation has increased significantly in the UK and Ireland, indicating the growing innovation in the sector.
Analyst Comment
The UK and Ireland industrial automation market is poised for substantial growth driven by Industry 4.0 adoption, rising demand for efficiency, and government support. Despite the challenges, the market is expected to overcome these barriers through technological advancements, industry collaborations, and a skilled workforce development.
UK and Ireland Industrial Automation Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of % from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Adoption of Cloud-based Managed Services to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. High Initial Capital Investments to Restrict the UK and Ireland Industrial Automation Market Growth
- 3.4. Market Trends
- 3.4.1. Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. UK and Ireland Industrial Automation Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - By Component
- 5.1.1 Hardware
- 5.1.2 and Software
- 5.2. Market Analysis, Insights and Forecast - By Industry
- 5.2.1 Discrete Industry
- 5.2.2 and Process Industry
- 5.3. Market Analysis, Insights and Forecast - By Region
- 5.3.1 United Kingdom
- 5.3.2 Ireland
- 6. United Kingdom UK and Ireland Industrial Automation Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Component
- 6.1.1 Hardware
- 6.1.2 and Software
- 6.2. Market Analysis, Insights and Forecast - By Industry
- 6.2.1 Discrete Industry
- 6.2.2 and Process Industry
- 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.3.1. undefined
- 7. Ireland UK and Ireland Industrial Automation Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Component
- 7.1.1 Hardware
- 7.1.2 and Software
- 7.2. Market Analysis, Insights and Forecast - By Industry
- 7.2.1 Discrete Industry
- 7.2.2 and Process Industry
- 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.3.1. undefined
- 8. Competitive Analysis
- 8.1. Market Share Analysis 2023
- 8.2. Company Profiles
- 8.2.1 ABB Ltd. (Zürich Switzerland)
- 8.2.1.1. Overview
- 8.2.1.2. Products
- 8.2.1.3. SWOT Analysis
- 8.2.1.4. Recent Developments
- 8.2.1.5. Financials (Based on Availability)
- 8.2.2 Siemens AG (Munich Germany)
- 8.2.2.1. Overview
- 8.2.2.2. Products
- 8.2.2.3. SWOT Analysis
- 8.2.2.4. Recent Developments
- 8.2.2.5. Financials (Based on Availability)
- 8.2.3 General Electric (Massachusetts U.S.)
- 8.2.3.1. Overview
- 8.2.3.2. Products
- 8.2.3.3. SWOT Analysis
- 8.2.3.4. Recent Developments
- 8.2.3.5. Financials (Based on Availability)
- 8.2.4 Mitsubishi Electric Corporation (Tokyo Japan)
- 8.2.4.1. Overview
- 8.2.4.2. Products
- 8.2.4.3. SWOT Analysis
- 8.2.4.4. Recent Developments
- 8.2.4.5. Financials (Based on Availability)
- 8.2.5 Robert Bosch GmBH (Gerlingen Germany)
- 8.2.5.1. Overview
- 8.2.5.2. Products
- 8.2.5.3. SWOT Analysis
- 8.2.5.4. Recent Developments
- 8.2.5.5. Financials (Based on Availability)
- 8.2.6 Rockwell Automation Inc. (Wisconsin U.S.)
- 8.2.6.1. Overview
- 8.2.6.2. Products
- 8.2.6.3. SWOT Analysis
- 8.2.6.4. Recent Developments
- 8.2.6.5. Financials (Based on Availability)
- 8.2.7 Schneider Electric (Rueil-Malmaison France)
- 8.2.7.1. Overview
- 8.2.7.2. Products
- 8.2.7.3. SWOT Analysis
- 8.2.7.4. Recent Developments
- 8.2.7.5. Financials (Based on Availability)
- 8.2.8 Honeywell International Inc. (North Carolina U.S.)
- 8.2.8.1. Overview
- 8.2.8.2. Products
- 8.2.8.3. SWOT Analysis
- 8.2.8.4. Recent Developments
- 8.2.8.5. Financials (Based on Availability)
- 8.2.9 Emerson Electric Co. (Missouri U.S.)
- 8.2.9.1. Overview
- 8.2.9.2. Products
- 8.2.9.3. SWOT Analysis
- 8.2.9.4. Recent Developments
- 8.2.9.5. Financials (Based on Availability)
- 8.2.10 Fanuc Corporation (Yamanashi Japan)
- 8.2.10.1. Overview
- 8.2.10.2. Products
- 8.2.10.3. SWOT Analysis
- 8.2.10.4. Recent Developments
- 8.2.10.5. Financials (Based on Availability)
- 8.2.11 Yokogawa Electric Corporation (Tokyo Japan)
- 8.2.11.1. Overview
- 8.2.11.2. Products
- 8.2.11.3. SWOT Analysis
- 8.2.11.4. Recent Developments
- 8.2.11.5. Financials (Based on Availability)
- 8.2.1 ABB Ltd. (Zürich Switzerland)
List of Figures
- Figure 1: UK and Ireland Industrial Automation Market Revenue Breakdown (undefined, %) by Product 2023 & 2031
- Figure 2: UK and Ireland Industrial Automation Market Value Share (%), by Component 2023 & 2031
- Figure 3: UK and Ireland Industrial Automation Market Value Share (%), by Industry 2023 & 2031
- Figure 4: UK and Ireland Industrial Automation Market Share (%) by Company 2023
List of Tables
- Table 1: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Component 2018 & 2031
- Table 2: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Industry 2018 & 2031
- Table 3: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Region 2018 & 2031
- Table 4: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Region 2018 & 2031
- Table 5: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Component 2018 & 2031
- Table 6: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Industry 2018 & 2031
- Table 7: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Country 2018 & 2031
- Table 8: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Component 2018 & 2031
- Table 9: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Industry 2018 & 2031
- Table 10: UK and Ireland Industrial Automation Market Revenue undefined Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of % from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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