Vertical: ICT
Market Size (2018)
$204.87B
Projected (2033)
$505.35B
CAGR (2019–2033)
6.7%
Key Players
10+
Industrial automation involves the use of control systems and logical programming commands to handle machines and industrial processes therefore, minimizing human interference. It also enables manufacturing facilities to increase product quality, quantity, and reliability while reducing the costs incurred in the production and designing of the product. Over the past few decades, the demand for automation by manufacturing facilities and similar industries has anticipated to drive the growth of the global industrial automation market.
The global industrial automation market was valued at USD 33,630.6 million in 2018 and is estimated to reach USD 74,666.8 million by the end of 2025 at a compound annual growth rate (CAGR) of 12.60% during the forecast period 2019–2025. The market has been segmented on the basis of type, technology, component, vertical, and region. Based on type, the market has been bifurcated into fixed automation and programmable automation. Among these, the fixed automation segment dominated the global industrial automation market in 2018 and is expected to witness a CAGR of 10.96% during the forecast period. On the basis of technology, the global market has been segmented into programmable logic controller (PLC), supervisory control & data acquisition (SCADA), remote terminal unit (RTU), programmable automation controller (PAC), distributed control system (DCS), human-machine interface (HMI), and others. Among these, the programmable logic controller (PLC) segment dominated the global market in 2018 and is estimated to witness the highest CAGR of 14.08% during the forecast period. On the basis of component, the global market has been segmented into industrial robots, controllers, sensors, switches & relays, UPS, power supplies, and others.
Among these, the industrial robots segment dominated the global market with a share of USD 8,728.8 million in 2018 and is expected to register the highest CAGR of 14.58% during the forecast period 2019–2025. Based on vertical, the global market has been segmented into oil & gas, mining & metals, and waste & wastewater. Among these, the oil & gas segment dominated the global market in 2018 and is estimated to grow at a CAGR of 11.50%. However, the waste & wastewater segment is expected to witness the highest CAGR of 14.33% during the forecast period. Regionally, the market has been segmented on the basis of North America, Europe, Asia-Pacific, and rest of the world. The North American region dominated the global industrial automation market with a share of USD 10,846.1 million in 2018; it is estimated to grow at the CAGR of 11.10% during the forecast period. However, the Asia-Pacific region is estimated to witness the fastest growth at a CAGR of 14.99% during the forecast period 2019–2025.
During the study, Wantstats has analyzed a few companies that have a prominent share in the global industrial automation market. Among these ABB Ltd, Omron Corporation, Emerson Electric Co, Rockwell Automation, Honeywell International, Siemens AG are among the prominent players that contribute a major share to the global market. Apart from these, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, KUKA AG, Ametek, Inc., Yokogawa Electric Corporation, Endress+Hauser Management AG, Wika Instruments India Pvt. Ltd, Dwyer Instruments, Inc, Stratasys Ltd, Bosch Rexroth Ag, Schlumberger Limited and Fanuc Corporation also contribute to the growth of the global market. The players continuously focus on innovations and incorporate various growth strategies to gain a competitive advantage over its peers
The Industrial Automation Market market is projected to grow at a CAGR of 6.7% from 2019 to 2033.
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View Subscription PlansIndustrial automation utilizes various devices such as control systems, computers, robots, technology sets, and programmable controllers to carry out industrial operations without human intervention. Industrial automation is conducted at four levels—structure, automation control, supervision, and enterprise. At the structure level, sensors and actuators are used to obtain process variable values in a continuous or periodic manner. At the automation control level, devices such as PCs, programmable logic controllers (PLCs), and distributed control systems (DCS) provide industrial process control. The supervisory control and data acquisition (SCADA) or supervision level is when data is acquired from various control devices and displayed through human-machine interfaces (HMIs) which interact with field devices. At the enterprise level, various tasks such as scheduling, sales, ordering, and product planning are carried out. Industrial automation allows enterprises to manufacture large volumes of quality products at a faster rate. Also, with the adoption of automation, companies can remain competitive in the manufacturing industry
The scope of global industrial automation market study includes the market size analysis and a detailed analysis of the manufacturer’s products and strategies. The market has been segmented based on technology, type, vertical, component and region
¡ To provide a comprehensive analysis of the industrial automation industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
¡ To provide detailed insights into factors driving and restraining the growth of the global industrial automation market
¡ To estimate the market size of the global industrial automation market where 2016 to 2017 would be the historical period, 2018 shall be the base year, and 2019 to 2025 will be forecast period for the study
¡ To analyze the global industrial automation market in four main geographies, namely, the Americas, Europe, Asia-Pacific, the Middle East & Africa
¡ To provide country-wise market value analysis for various segments by technology, type, vertical, component and region.
¡ To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
¡ To provide a distribution chain analysis/value chain for the industrial automation market
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
—
Historical Period
2019 – 2033
Forecast Period
2019 – 2033
Primary Interviews
150+
Historical performance and future projections
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
The global industrial automation market is characterized by the presence of many global, regional, and local vendors. The market is competitive with all the players competing to gain market share. Strong competition, rapid advances in technology, and frequent changes in government policies are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to provide cost-efficient and high-quality technology to survive and succeed in an intensely competitive market.
Wantstats includes following key players for industrial automation market research study: General Electric, Mitsubishi Electric Corporation, Emerson Electric Co., Siemens AG, Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Omron Corporation, KUKA AG, Ametek, Inc., Honeywell International, Inc., Yokogawa Electric Corporation, Endress+Hauser Management AG, Wika Instruments India Pvt. Ltd, Dwyer Instruments, Inc, Stratasys Ltd, Bosch Rexroth Ag, Schlumberger Limited and Fanuc Corporation.
The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors.
General Electric is a technology and financial services company which develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. The company’s industrial automation systems enable its customers to connect their machines for better, faster, safer and reliable performance. The company offers world-class industrial software, distributed control systems, and process safety systems to thousands of partners globally. The company plans to enhance its product portfolio and increase sales to its existing customers in energy, aviation, and oil-and-gas businesses and obtain new customers in various other sectors to maintain its current leading market position.
Mitsubishi Electric Corporation is a leading manufacturer and developer of electric and electronic equipment. The company provides its industrial automation solutions to improvise safety, reliability, and profitability for remote oil and gas operations. The company offers innovative range of automation and processing technologies such as controllers, electrical discharge machines and industrial robots. Also, the company invests in research and development of industrial automation systems and enhances its corporate network by expanding its business into untapped areas to maintain its market position.
Emerson Electric Co. is a leading manufacturer of process control systems, valves, and analytical instruments. Emerson’s biggest advantage is its wide range of industrial automation solutions and skilled workforce with industry expertise. The company has a strong R&D department which constantly focuses on the development of innovative automation solutions to offer world-class automation to its global partners. The company has a strong customer base and is focused on developing its product portfolio to maintain its market position.
Siemens AG is headquartered in Germany and engages in the production and supply of systems for power generation, power transmission, and medical diagnosis. The company provides industrial automation product called SIMATIC WinCC V7 SCADA system which is one of the most scalable SCADA system offering efficient production analysis, and efficient operational control. The company is partnered with the International Society of Automation (ISA) to develop secured industrial automation systems. Moreover, Siemens offers global customer support according to highest quality standards which helps the company to maintain its current market position.
Schneider Electric is a global provider of energy management and automation solutions. The company offers wide range of industrial automation products such as motion controllers, programmable relays and interface modules. The company has unique product portfolio in industrial automation and devotes 5% of its sales every year for R&D with over 7,500 R&D engineers worldwide. The company provides technology and integrated solutions for optimizing the industrial processes in large oil and gas facilities. The company is investing in enhancing its skilled workforce to maintain its market position.
Other companies are also providing a wide range of solutions related to industrial automation, thereby contributing in generating high market value for the industrial automation market.
Threat of New Entrants
Industrial Automation market has various leading players such as ABB, Siemens, GE, and others, playing a crucial role in generating the highest revenue for the market. These companies have wide geographical presence and possess high market share globally. Further, development of automation solutions required moderate capital investment but high technical expertise which can be overcome by conducting training sessions. Due to high growth of automation and connected devices market, new players are investing to enter into the market. Further, the moderate economy of scale is propelling the market growth of Industrial Automation in the coming future, which is also developing new opportunity for new entrants which are usually small and medium-sized companies. Start-up cost would range from medium to high considering the cost of manufacturing facilities and establishing relationships with vendors to procure the tools required to develop the products. So, for the developers, the threat of new entrants is expected to be high. Bargaining Power of Suppliers
There is a significant industry force which is driving the market, companies such as Rockwell, and Mitsubishi are well established and serving the industrial automation market with their innovative product offerings from a decade. However, emerging advanced technologies such as IoT and AI is impacting the market growth on a large extent. Also, due to moderate switching cost and impact of government rules & regulation, the suppliers are expected to have low bargaining power. Bargaining Power of Buyers
The bargaining power of buyers is expected to be high under certain conditions. If the buyer wants to purchase Industrial Automation products, then the power of the buyer is high because there are several companies in the industry that are developing automation solutions. However, if the buyer needs a customized solution, chances are that the buyer will turn to a well-known company to get the desired solution. Hence, the buyers have many choices to switch the company due to the availability of substitutes of products in the market. So the bargaining power of the buyers is expected to be high. Threat of Substitutes
Industrial automation are widely adopted by various End Users such as automotive, aerospace & defense, and electronics among others. There are various vendors available in the market who provide automation software solutions to a large extent. Also, to develop and integrate automation solutions, moderate technical expertise is required. Also, the threat of substitutes in the future will depend upon the change in technology and research & development process. Hence, due to the technological aspect, the threat of substitutes is expected to be high. Intensity of Rivalry
The market has witnessed advancement in the recent past mainly through product innovation and collaboration. Increasing connected device usage for routine tasks, increasing growth of IoT and robotics, and the changing demand trend of the product have helped the market players in retaining their share across regions. However, the players in this market range from regional players to global giants. Hence, the market for industrial automation would remain fragmented with many medium and a few large players. Acquisitions and mergers with these small or medium scale companies for regional access, are the key strategies of the large players. Thus, considering the growing quality requirements in industrial products, their production & demand trends, there would be a moderate to high rivalry.
Market estimates by geography (2033)
InsightAsia Pacific leads with $231.74B by 2033, while North America is projected to grow fastest at a 7.4% CAGR.
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View Subscription Plans| REGION | 2019 | 2018 | 2033 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $42.81B | $54.31B | $116.23B | 7.4% | 16% |
| Europe | $55.37B | $63.86B | $125.26B | 6.0% | 17% |
| Asia Pacific | $88.53B | $109.76B | $231.74B | 7.1% | 31% |
| South America | $10.00B | $9.95B | $17.03B | 3.9% | 2% |
| MEA | $8.16B | $8.47B | $15.10B | 4.5% | 2% |
| APAC | $88.53B | $109.76B | $231.74B | 7.1% | 31% |
| Total | $293.40B | $356.12B | $737.09B | 6.7% | 100% |
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Analytical insights on Industrial Automation Market covering market dynamics, competitive landscape, and strategic outlook.
The Industrial Automation Market market is projected to reach $505.35B by 2033, growing at 6.7% CAGR.
Introduction
Industrial automation is on the threshold of a new revolution, facilitated by rapid technological changes, adoption of new systems, networking architectures and looking towards interoperability of solutions. The industrial automation services market is experiencing immense attention since recent past, backed by higher adoption rate of Industry 4.0 and commercialization of Next Generation Networks (NGNs). The main factors driving the growth of the industrial automation services market include growing demand for collaborative robots in manufacturing facilities, rising demand for automation for qualitative & reliable manufacturing, and strategic initiatives being taken by governments to promote adoption of industrial automation. However, high capital investments for installation and maintenance of industrial automation solutions with frequent software upgrades are expected to hinder the growth of the global market. Nevertheless, increased demand for safety compliance automation solutions and adoption of emerging technologies such as AI in industrial automation are expected to present lucrative growth opportunities for the players in the global market.
Market trends and growth affecting factors
Industrial Automation - AI enables machines to learn, adapt, and make decisions on their own. Manufacturers utilize it to identify asset patterns and anomalies for optimizing production and reducing downtime. Implementation of AI in industrial robots and drones improves their precision and assists tasks such as inspection, maintenance, and material handling. This reduces the need for human intervention and lowers the risk of accidents. As a result, AI improves the efficiency of maintenance operations and prolongs equipment life. For developing such solutions, startups utilize machine learning (ML), deep learning, and computer vision.
Advanced Robotics - Robots support replaces workers in hazardous environments to minimize accidents and mitigate labor shortages. Collaborative robots or cobots work alongside humans and adapt to their surroundings. This allows them to perform a wide range of tasks such as assembly, packaging, and machine tending. These robots increase production line efficiency and decrease labor costs. Startups also work on other robots like mobile robots that navigate unstructured environments and robotic arms that improve dexterity and precision. Consequently, such end-of-arm tool (EOAT) streamlines welding, picking, placing, and 3D printing workflows. Additionally, self-healing robots reduce the need for maintenance.
Growing Demand For Collaborative Robots In Manufacturing Facilities
Collaborative robots are human-scale robots that work alongside human agents in a demanding environment while remaining mobile and productive on the field. To operate with humans, they are built with safety measures such as integrated sensors, passive compliance, and overcurrent detection. Furthermore, these external forces are detected by the built-in sensors, causing the robot to stop moving if the force is too severe. Furthermore, a combination of sensor data with simple technology, such as Industrial Automation and machine learning, enables these robots to navigate in dynamic real-world surroundings and make judgements in real time. Cobots are important in industrial automation because they regulate numerous vital processes and operations in industries. Furthermore, even in severe scenarios, they can perform difficult, repeated tasks with precision. As a result, cobots have been used in manufacturing units across a wide range of industries.
Collaborative robots (cobots) are a significant advancement in the science of robotics that have enormous promise in a variety of industries, including manufacturing. Industrial Automation, machine learning, neural networks, and sensors (such as vision, contact, torque, and force sensing sensors) have increased Cobot interaction with their surroundings. This has enabled a new paradigm in robotics in which operators and robots collaborate to share tasks. This collaborative approach increases safety, reduces costs, and enhances overall production processes. Human operators can be liberated from mundane, repetitive tasks, allowing them to focus on higher-level, creative, and value-added tasks. Cobots serve as intelligent tools. Precision activities that are often challenging for humans are handled considerably more efficiently by collaborative robots. Furthermore, cobots are easily reprogrammed and reconfigured for multiple tasks, making them versatile. They can deal with fluctuating demand and increased product customization. Collaborative robotics has aided the industry in moving beyond traditional industrial robotics. Whereas manufacturing has traditionally prioritised cost, quality, flexibility, and timeliness, operational and strategic flexibility has grown in importance. Taking this into consideration reduces market uncertainty and aids in the achievement of a sustainable balance between manufacturing, environmental, and social concerns.
RISING DEMAND FOR AUTOMATION FOR QUALITATIVE & RELIABLE MANUFACTURING
Automation in manufacturing refers to the use of equipment to automate systems or production processes. The ultimate goal is to increase efficiency through-out production process, cost optimization, and higher accuracy. The employment of machines to reduce human labour has been referred to as automation. It has come to be associated with electromechanical systems that may be programmed to do a variety of activities. Automation is rapidly being used by manufacturers to improve precision, consistency, and operational efficiency. Although automation increases output, it also underlines the importance of elements such as dependable manufacturing. Connecting production lines typically uses sensors and devices that monitor equipment and produce user-friendly data, visuals, and other outputs. This provides additional advantages including less downtime, predictable maintenance, and better decision-making. These aforementioned factors drive the expansion of the global industry automation market over the forecast period.
To reap the benefits of automated production, it has been implemented as a comprehensive solution that encompasses all of the firm's activities and allows information to flow easily across all of its components. Manufacturers are automating jobs that need endurance or precision, as well as those that are dull, repetitive, and/or require little originality or specialised expertise. In the United States, falling robot costs and growing labour costs are driving up automation. Automation is predicted to increase steadily over the next five years, with robot prices falling by up to 65 percent. Industrial manufacturing companies are under pressure to increase efficiency by using technology infrastructure and smart manufacturing. It is now possible to promote Industry 4.0 development by utilising modern devices and solutions such as IPCs, industrial automation and machine automation technologies, hardware-software integration, and a variety of other solutions. This, in turn, is a primary element driving the global industry automation market's rise.
Strategic Initiatives Being Taken By Governments To Promote Adoption Of Industrial Automation
Higher adoption rate associated with technological advancement in the field on autonomous manufacturing process is seen to facilitate numerous growth opportunities at regional as well as global level. This has forced regional government to roll-out numerous strategic initiatives for long term gain of the economy. For instance, PLI (Production Linked Incentives) scheme launched in India has helped manufacturing companies to invest sizable amount for automating various production process. However, Governments in underdeveloped economies are also implementing various programs for industrial automation in order to boost economic growth in their own countries. The future of workers will be greatly impacted as automation accelerates over the next decade.
Various actions, such as assessing how the implications would differ by employment sector, area, age groups, and which employees in their countries are most at danger of job displacement due to industrial automation, will be taken. Respective governments are developing sensible, focused policies to address potential job displacements, assisting firms in retraining personnel, and offering financial and psychological assistance to those affected in order to exploit automation opportunities while reducing hazards.
For example, launch of Make in India and Digital India schemes, industrial automation in India has come a long way. The Indian government's aggressive global outreach and enticing plans have encouraged many global corporations to engage in manufacturing in the country rather than importing goods and services. This has resulted in improved automated production facilities as well as more jobs. The UK government has released a report on automation and the future of work by the Business, Energy, and Industrial Strategy Committee (BEIS). In its study, the committee made certain recommendations for automation technology.
Compliance automation, often known as automated compliance, is a class of software products that use Industrial Automation (AI) capabilities and technology to make compliance procedures easier to follow. These programmes provide enterprises with compliance workflow features such as self-assessments, control analysis, corrective action planning, and controls testing. Compliance automation replaces spot checks by automating these operations. Integrating automated compliance into enterprises that process sensitive information, such as hospitals or banks, or that must comply to a set of norms and standards while protecting client data, is advantageous. Laws and regulatory standards are constantly updated, making compliance process automation more productive, simple, and accurate for internal auditors and top management. While almost every industry has some type of safety management system, many of them are manual or have very simplistic digitization. This may be sufficient in small organisations, but as the organisation grows, and in larger organisations, it may be insufficient. The goal of safety management is to be proactive in the prevention of incidents. It is humanly impossible to forecast events and mishaps at all times. Automation may help with this to a considerable extent by focusing on improving safety outcomes and boosting organisational and operational excellence.
Since 2018, the FDA has also required an automated safety management system. It provides the industry with improved risk assessment skills and aids in the scheduling of periodic audits, all while boosting the company's safety and quality operations. The convergence of technology has enabled manufacturers to take the next step toward the fifth industrial revolution, in which different industrial automation systems interact and share resources. To stay ahead of the curve, businesses must capitalise on existing technologies, accelerate technology rollout, and discover new sources of value. The industrial automation industry has always been resistive to innovation or early adoption of cutting-edge technologies. Often, firms in this category choose to use tried- and-true technology and standards to ensure safe, secure, and consistent operations. However, with the introduction of Industry 4.0, things have begun to change swiftly. Over the last decade, the industrial area has been touched by gradual technological advancements and quick adoption of new systems and augmented networking architectures. In the era of Industry 4.0, automation has become one of the most effective apparatuses driving efficiency for manufacturers. Industry 4.0 includes cyber-physical systems (CPS) for the manufacturing environment.
A CPS consists of machines, computer- controlled protocols, and users working together in unison. The Industrial Internet of Things (IIoT) focuses on the interconnectivity and data provided by sensors, terminals, and other systems in the industry. Such data-fuelled factories have become "intelligent" environments capable of informing enterprises from the top down and providing visibility regarding the efficiency of industry processes and performance in real-time. The data enables the manufacturers to refine and improve operations using relevant and up-to-date data. AI will only operate if data is available. It has only recently become possible to develop the necessary capabilities to generate large amounts of data with low-cost sensors, store data in low-cost systems, and process data at cheap rates. As a result, AI can now be used in production. Previously, manufacturing was done by low-cost countries, making the high expense of integrating AI into their industrial ecosystems difficult to justify. However, because of rising wages, AI may now be used even in countries like China. China is investing heavily in Industrial Automation, particularly manufacturing and other related applications. Thus, growing industrialization with the advent of Industry 4.0 technologies is an opportunistic factor that will boost market growth in the coming decade.
High Capital Investments For Installation And Maintenance Of Industrial Automation Solutions
Automation has swept through the industrial world, making production processes more efficient than ever. According to World Economic Forum it is (WEF), studies expect that by 2025, robotics and animation would have taken over 52 percent of tasks. While automated machines save money in the long term, they do necessitate a considerable upfront investment. Additionally, current employees need to be trained to correctly implement, operate, and maintain automated systems to assure their continued functionality.
The initial investments required to transition from a human to autonomous production line is substantial. Furthermore, significant resources are incurred in training staff to use this increasingly advanced technology. The corporation needs invest in automation and more specialist staff to build software and manage industry machinery. Various organisations under short-term pressures are hesitant to invest in the necessary automation technologies, causing them to fall behind in the automation race. Most economies throughout the world have blamed poor labour productivity growth on a lack of investment in industrial automation. As a result, the high implementation costs are projected to limit the global industry automation market's growth over the forecast period.
Several businesses are implementing automation and control to boost productivity. Depending on the degree of automation, automated equipment involves significant capital investment and can cost millions of dollars for design, manufacture, and installation. Automation consists of software and hardware systems, and their installation requires qualified and experienced automation engineers. The addition of remote sites to current automated systems involves the installation of a cellular or radio communication system capable of transmitting and receiving data from several locations. This method, however, necessitates the purchase, configuration, and testing of communication equipment, which adds to the expense. Furthermore, a professional expert is needed to oversee and troubleshoot numerous automation systems in the event of a technical failure during installation.
Multiple servers in different locations demand additional maintenance and management of individual servers in SCADA, PLC, and DCS systems, which adds up to high investment costs for organisations. Industrial IT consultants or full-time staff need to be dedicated to monitoring various automation systems to avoid any operational downtime due to system breakdowns. Before deciding to implement automation in their manufacturing plants, business owners or managers need examine all of these considerations, which may limit the growth of the industrial automation industry.
RAPIDLY CHANGING TECHNOLOGICAL TRENDS IN THE MANUFACTURING INDUSTRY
Industrial automation improves production rate and quality by using innovative and integrated technology, lowering production costs. However, constantly evolving technology poses a significant obstacle to process automation. Traditionally, organizations relied on ERP, CRM, and other traditional automation tools to run their business processes during the last decade. For industrial automation to run smoothly, all systems need to work together seamlessly. However, integrating diverse systems can be a complex challenge, especially when equipment from different manufacturers needs to communicate. Without proper integration, operational efficiency drops, and maintenance becomes more challenging. However, because technology is rapidly evolving, firms must upgrade their existing automation solutions to match modern process requirements. This has prompted companies to implement advanced automation solutions such as value creation automation (VCA). The biggest issue in industrial settings is data fragmentation. With different machines, devices, and software operating across a single facility, data often becomes siloed, making it hard to get a complete view of operations. When data is scattered, decision-making suffers, and opportunities for efficiency are missed. However, the transfer from standard automation systems to advanced automation solutions is costly and adds to firms' operational expenditures. As a result, the rapid progress of technology poses a significant challenge to the providers of automation solutions as well as the manufacturing facilities.
Compliance automation, often known as automated compliance, is a class of software products that use Industrial Automation (AI) capabilities and technology to make compliance procedures easier to follow. These programmes provide enterprises with compliance workflow features such as self-assessments, control analysis, corrective action planning, and controls testing. Compliance automation replaces spot checks by automating these operations. Integrating automated compliance into enterprises that process sensitive information, such as hospitals or banks, or that must comply to a set of norms and standards while protecting client data, is advantageous. Laws and regulatory standards are constantly updated, making compliance process automation more productive, simple, and accurate for internal auditors and top management.
While almost every industry has some type of safety management system, many of them are manual or have very simplistic digitization. This may be sufficient in small organisations, but as the organisation grows, and in larger organisations, it may be insufficient. The goal of safety management is to be proactive in the prevention of incidents. It is humanly impossible to forecast events and mishaps at all times. Automation may help with this to a considerable extent by focusing on improving safety outcomes and boosting organisational and operational excellence. Since 2018, the FDA has also required an automated safety management system. It provides the industry with improved risk assessment skills and aids in the scheduling of periodic audits, all while boosting the company's safety and quality operations.
Adoption Of Emerging Technologies Such As AI In Industrial AUTOMATION
The convergence of technology has enabled manufacturers to take the next step toward the fifth industrial revolution, in which different industrial automation systems interact and share resources. To stay ahead of the curve, businesses must capitalise on existing technologies, accelerate technology rollout, and discover new sources of value. The industrial automation industry has always been resistive to innovation or early adoption of cutting-edge technologies. Often, firms in this category choose to use tried-and-true technology and standards to ensure safe, secure, and consistent operations. However, with the introduction of Industry 4.0, things have begun to change swiftly. Over the last decade, the industrial area has been touched by gradual technological advancements and quick adoption of new systems and augmented networking architectures.
In the era of Industry 4.0, automation has become one of the most effective apparatuses driving efficiency for manufacturers. Industry 4.0 includes cyber-physical systems (CPS) for the manufacturing environment. A CPS consists of machines, computer-controlled protocols, and users working together in unison. The Industrial Internet of Things (IIoT) focuses on the interconnectivity and data provided by sensors, terminals, and other systems in the industry. Such data-fuelled factories have become "intelligent" environments capable of informing enterprises from the top down and providing visibility regarding the efficiency of industry processes and performance in real-time. The data enables the manufacturers to refine and improve operations using relevant and up-to-date data.
Industrial automation enhances production rate and quality by incorporating innovative and integrated technologies, thereby reducing costs associated with the production process. However, continuously changing technology acts as a major challenge for the automation of processes. In the past decade, businesses were relying on ERP, CRM, and other traditional automation solutions to manage their business processes. However, with the rapid evolution of technology, businesses are compelled to update their existing automation solutions to meet modern process requirements. This has encouraged businesses to adopt advanced automation solutions such as value creation automation (VCA). However, the transition from traditional automation solutions to advanced automation solutions is expensive and adds in more operational costs for businesses. Thus, the rapid evolution of technology acts as a major challenge for the providers of automation solutions as well as the manufacturing facilities
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 104 companies operating in the Industrial Automation Market market, including revenue, employee count, and market positioning where available.
Showing 104 of 104 companies
Company Headquarters: Japan Founded: 1958 Workforce: ~ 7,866 Company Working: Fanuc Corporation (Fanuc) is a multinational corporation that provides automation products and services such as robotics and computer numerical control wireless systems. The company offers products in four categories FA Products, ROBOT Products, ROBOMACHINE Products, and FIELD system Products. Under the FA Products category, the company offers CNC Series, servo motor, servo amplifier, and laser. Under the Robot Products category, the company offers Articulated Robots, Delta ROBOTs, Intelligent Features. Under the Robomachine Products category, it offers Robodrill, Roboshot, Robocut, and Robonano. Under the Field system Products category, it provides FANUC Intelligent Edge Link & Drive system. The company does also offer services for minimizing downtime in a call center, preventive maintenance, and lifetime maintenance for factory Repair services. The company has a global presence with offices across Japan, America, Europe, Asia, and South Africa.
Company Headquarters: US Founded: 1998 Workforce: ~2,250 Company Working: Stratasys Ltd (Stratasys) is a provider of three dimensional (3D) printing and additive manufacturing solutions used in the processes of designing and manufacturing products and for the direct manufacturing of end parts. The company offers systems like desktop 3D printers for idea and design development, various systems for rapid prototyping, and large production systems for direct digital manufacturing. It also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers. The company serves various sectors, including aerospace, healthcare, automotive, consumer electronics and education. The company’s solutions are industry-specific and geared towards accelerating business processes, optimizing value chains and driving business performance improvements. Its customers range from individuals and smaller businesses to large, global enterprises. The company has presence in Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Company Headquarters: Switzerland Founded: 1953 Workforce: ~14,000 Company Working: Endress+Hauser Management AG (Endress+Hauser) is one of the leading manufacturers and suppliers of products, solutions, and services for industrial process measurement and automation. The company offering for process automation includes products, solutions, and services for flow, level, pressure and temperature measurement, process analysis, and data management. It also offers engineering services such as project management and automation services. The company offers its solutions in multiple markets, including water and wastewater, chemical, petrochemical, life science, food and beverage, power and energy, oil and gas, pulp and paper, and shipbuilding. The company’s production centers focus on research & development, production, product management, quality assurance, and logistics segments, while the sales centers act as local partners for the market and customers. The company has a presence in Europe, the Americas, Asia-Pacific, Africa, and the Middle East.
Intuit is the world's largest pure-play financial-technology software platform serving consumers, small and mid-market businesses, and accounting professionals, with approximately 93 million customers and $21.4 billion of fiscal 2026 revenue. Its economic engine rests on four category-leading franchises — QuickBooks in small-business accounting, TurboTax in US consumer do-it-yourself tax, Credit Karma in consumer credit marketplaces, and Mailchimp in SMB marketing automation — knitted together by a proprietary data asset and an AI orchestration layer branded GenOS. Roughly 88% of revenue is now recurring service revenue, structurally high-margin and price-inelastic in the small-business tier. Intuit's strategic wager, declared in 2019 and re-underwritten in fiscal 2026 through multi-year agreements with OpenAI and Anthropic, is that a "system of intelligence" combining proprietary financial data, domain-specific AI agents and a network of human experts will defend its franchises against general-purpose AI. Fiscal 2026 exposed the first serious cracks in that thesis: TurboTax unit share eroded, growth guidance was cut, and 17% of the workforce was eliminated. --- ### What the company does Intuit sells software, software-enabled services and financial services to three customer constituencies: individual consumers, small and mid-market businesses (SMBs), and professional accountants. In its own words in the fiscal 2026 Form 10-K, Intuit describes itself as "a global financial technology platform with a mission to power prosperity around the world," serving approximately 93 million customers, and states that its strategy "is to be an AI-driven expert platform that brings together data, AI, and human tax and financial experts into a single system of intelligence that does the work for customers." The company frames its product ambition as delivering "done-for-you experiences by automating everyday tasks, managing complex workflows and processes, and solving challenges before they arise with predictive insights," with human experts engaged "for that last mile of decisions." The independent characterisation is more specific. Intuit operates four distinct economic engines that share a customer-acquisition funnel and a data spine but differ materially in monetisation logic: 1. **A subscription software business (QuickBooks).** Recurring per-seat and per-tier SaaS subscriptions with a legacy desktop annuity in structural decline as a unit count but growing as revenue on price. This is the highest-quality earnings stream in the portfolio: ~78% segment operating margin on the Q1 FY2026 recast basis, high gross retention, and a decade-long record of double-digit effective price increases absorbed without churn. 2. **A seasonal transaction business (TurboTax and ProTax).** Revenue is concentrated in the November–April window, with the fiscal third quarter (ending 30 April) generating the overwhelming majority of consumer tax revenue and operating income. Monetisation is per-return, increasingly weighted toward the assisted tier (TurboTax Live, now 53% of TurboTax revenue). 3. **A financial-services take-rate business (payments, payroll, capital, money).** Intuit earns spread and interchange-like economics on payment volume, per-employee payroll fees, and net interest and fee income on QuickBooks Capital and consumer refund-advance lending. Notes receivable held for investment stood at $1,468 million at 31 July 2026, with $6,755 million of originations during fiscal 2026. 4. **A lead-generation and advertising marketplace (Credit Karma).** Revenue is derived almost entirely from cost-per-action, cost-per-click and cost-per-lead payments from lenders, card issuers and insurers. This business is levered to credit-cycle appetite among partners and is the most macro-sensitive line in the portfolio. ### Revenue model and mix Intuit states in each Form 10-K that it expects total service revenue as a percentage of total revenue to grow over the long term. The FY2024 transition of QuickBooks Desktop to a full recurring-subscription model removed the last significant perpetual-licence component; residual "product and other" revenue now consists principally of desktop tax software (Lacerte, ProSeries, ProFile, TurboTax Desktop) and financial supplies. ### Value-chain position and customer types Intuit occupies the system-of-record and system-of-engagement layer for the SMB, and the transaction layer for the consumer. It does not manufacture hardware, does not hold a banking licence (checking and savings products are provided through FDIC-member bank partners), and does not itself underwrite insurance. It does originate credit on balance sheet through QuickBooks Capital via an originating bank partner, and it warehouses and sells consumer and business receivables — a genuine balance-sheet risk that distinguishes it from a pure software peer. Customer types: solopreneurs and micro-businesses (QuickBooks Free/Lite/Solopreneur); small businesses (Simple Start, Essentials, Plus); mid-market businesses (QuickBooks Online Advanced, Intuit Enterprise Suite); accounting firms (QuickBooks Online Accountant, ProAdvisor, Lacerte, ProSeries, ProConnect, Intuit Accountant Suite); individual consumers (TurboTax, Credit Karma); and financial-institution partners who pay Credit Karma for qualified leads and completed actions. End-markets served: SMB accounting and ERP software; payroll and human capital management; merchant acquiring and payments; small-business lending; email and SMS marketing automation; consumer tax preparation; professional tax preparation; consumer credit marketplaces; consumer deposit and money movement.
Block occupies an unusual position in payments: it is simultaneously a merchant acquirer, a vertical software vendor, a consumer neobank, a consumer and commercial lender, a BNPL network and a bitcoin infrastructure business — and it owns the customer relationship on both sides of the counter. That two-sided ownership is the strategic asset. Square supplies roughly 4.5 million sellers; Cash App reaches 59 million monthly transacting consumers; the Neighborhoods product is the first serious attempt to convert the two into a single network rather than two adjacent businesses. Financially, Block has pivoted from a growth-at-any-cost profile to disciplined margin expansion, culminating in a February 2026 decision to cut headcount by more than 40% and rebuild the operating model around agentic AI. The result is a company with mid-teens-to-low-twenties gross-profit growth, a rapidly expanding lending book, unusually volatile GAAP earnings, and an equity story now hinged on whether AI-driven operating leverage is durable. Block, Inc. is a Delaware-incorporated financial technology company that operates two connected commerce and financial-services ecosystems — Square for businesses and Cash App for consumers — alongside smaller TIDAL (music) and bitcoin-hardware franchises. As of the fiscal year ended 31 December 2025 it generated $24.19 billion of net revenue and $10.36 billion of gross profit, and it is the parent of a Utah-chartered industrial bank, an SEC-registered broker-dealer, and one of the largest buy-now-pay-later networks outside China. --- ### The company's own description Block states in its FY2025 Form 10-K that its purpose is "economic empowerment, helping individuals and businesses manage, move, and grow their money through simple and connected tools." It describes itself as designing and operating "connected ecosystems that integrate commerce solutions, financial services, software, hardware, and networks to serve individuals and small businesses, primarily through Cash App's consumer network and Square's business ('seller') network." Management stresses that the two ecosystems share common infrastructure for payments processing, risk management, identity and data. ### Independent characterisation Block is best understood as four businesses stacked on one risk-and-payments substrate: **(a) A vertically integrated merchant acquirer with embedded software (Square).** Square is the merchant of record and payment service provider for its sellers, holding the contractual relationships with acquiring processors and card networks and reselling that capability at retail terms. It layers more than 30 software and hardware products on top. Economically this is a spread business — Square earns the difference between what it charges sellers and what it pays the networks and processors — plus subscription software and hardware. In FY2025 Square processed $250 billion of Square GPV across 5.9 billion transactions for more than 4.5 million sellers, originating from over 800 million payment cards and more than 300 million buyer profiles. **(b) A consumer digital bank and payments network (Cash App).** Cash App monetises consumer money flow at three points: interchange on Cash App Card and Cash App Pay; fees on instant transfers and business receipts; and interest/fee income on savings, deposits and lending. Management runs Cash App on an "inflows framework": transacting actives × inflows per active × monetisation rate on inflows. In FY2025 Cash App brought in $316 billion of inflows from 59 million monthly transacting actives, averaging $1,410 of Q4 inflows per active. **(c) A credit business (Square Loans, Cash App Borrow, Afterpay).** This is the fastest-growing profit pool and the largest change in Block's risk profile. Square Loans has facilitated over 4.0 million loans/advances totalling more than $32.8 billion in principal since May 2014. Cash App consumer lending origination volume reached $18.5 billion in Q4 2025 alone (+69% YoY), with Cash App Borrow originations up 223% YoY in that quarter. Loans held for investment on balance sheet grew from $365 million at end-2024 to $3.38 billion at end-2025 — a nearly tenfold increase, and the single most important balance-sheet development of the year. **(d) A bitcoin franchise.** Cash App bitcoin buy/sell is a high-revenue, near-zero-margin flow business (FY2025 bitcoin ecosystem revenue $8.50bn against $8.08bn of cost). Bitkey (self-custody wallet), Proto (mining systems and firmware, first units shipped 2025) and Spiral (open-source development) are strategic bets rather than current profit centres. Block also holds bitcoin on its own balance sheet: 9,117 BTC as of 30 June 2026, carried at $777.5 million at 31 December 2025. ### Revenue model mix Block realigned its revenue disclosure at its November 2025 Investor Day, abandoning the legacy transaction / subscription-and-services / hardware / bitcoin split for three categories that map to economics rather than instrument type: *FY2023/FY2024 category gross profit derived as category revenue less category cost of revenue per the FY2025 audited statements; total includes amortisation of acquired technology assets ($72.8M FY2023, $68.4M FY2024, $56.9M FY2025) which is not allocated in the sum above, so components will not tie exactly to total.* The structural point is stark: Bitcoin Ecosystem produced 35% of FY2025 revenue but only about 4% of gross profit. Excluding bitcoin, Block's FY2025 revenue was approximately $15.7 billion and its blended gross margin roughly 63%. Any analysis using headline revenue or headline gross margin is measuring the wrong thing; management guides and is judged on gross profit. ### Value-chain position, customers and end markets Square sellers span services, food-and-beverage and retail, from sole proprietors to multi-location mid-market operators (defined as >$500,000 annualised Square GPV). No single customer accounted for more than 5% of Square GPV in FY2023, FY2024 or FY2025. Food and beverage was the strongest vertical in Q4 2025 (+16% GPV YoY). Cash App's customer base skews Millennial/Gen Z with a growing teen cohort (the app is available from age 13 with parental oversight), and management's stated ambition is to become a top provider of banking services to US households earning up to $150,000 per year. Geographically Square operates in the US, Canada, Japan, Australia, the UK, Ireland, France and Spain; BNPL operates in the US, Australia, Canada, New Zealand and the UK; Cash App is essentially US-only.
5 interactive charts drawn from the Industrial Automation Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Industrial Automation Market By End Use Industry
Global Industrial Automation Market By Technology
Global Industrial Automation Market By TYPE
Global Industrial Automation Market By Component
Global Industrial Automation Market By Region
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