Industrial Automation Control Industry Technologies SCADA , PLC, DCS, MDM, EMIS
Worldwide Industrial Automation Control Market Analysis to 2027 is a specialized and in-depth study of the Industrial Automation Control Industry with a focus on the global market trend. The report aims to provide an overview of global Industrial Automation Control Market with detailed market segmentation by product/application and geography.
Industrial Automation Control Market accounted to US$ 158.5 Bn in 2018 and is expected to grow at a CAGR of 8.0% during the forecast period 2019 – 2027, to account to US$ 324.6 Bn by 2027.
The industrial automation control experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for industrial automation control comprises of some well-established players across the globe. Since last decade, the demand in different end-user industry has accelerated significantly with growing adoption of automation and ground-breaking technology enhancements.
Solutions such as SCADA, PLC, DCS, MES, PLM, and plant asset management as well as Cybersecurity holds a distinct position in facilitating ease in the manufacturing process. Technologies such as condition monitoring, IIoT, AI, big data analytics, virtual reality, and augmented reality helps to have access over real-time data required at the time of precision decision making. Machine vision, sensor, HMI, control valves, control devices, industrial robots, industrial PC, field instruments, and many other components are used to go ahead with manufacturing operations.
The industrial sector is becoming increasingly entangled with artificial intelligence, big data as well as other such technologies. It is predicted that in the near future, automation will not only boost productivity but will also provide an advanced smart assistance to humans. The players are significantly investing in the development of industrial robots integrated with artificial intelligence. Further, the Chinese government is expanding its efforts to integrate artificial intelligence technologies into industrial sector. The integration of artificial intelligence will further reduce the intervention of humans, which will be beneficial for countries with inadequate and expensive labor force. However, this may also result in loss of employment in the labor-intensive economies.
The industrial automation control market by end user is further segmented into process industry and discrete industry. Use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies. Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automations. The trend is expected to fuel the demand for industrial automation control across various industries.
The report segments the global industrial automation control market as follows:
Global Industrial Automation Control Market - By Solutions
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Control System (PLC)
- Product Lifecycle Management (PLM)
Global Industrial Automation Control Market - By Industry Vertical
- Electronics & Semiconductor
- Food & Beverage
- Metal & Machinery
- Aerospace & Defense
Global Industrial Automation Control Market - By End User
- Process Industry
- Discrete Industry
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