Global Industrial Automation And Control Systems Market Size Is Expected To Reach $390.74 Billion by 2028

Market Overview:
Global Factory Automation and Industrial Control System Market was valued at USD 212.38 Billion in 2021 and is expected to reach USD 390.74 Billion by the year 2028, at a CAGR of 9.1%.

Combining digital and physical aspects of manufacturing with the goal of achieving optimal performance has changed the automation industry. Automation and control systems save time and money, decrease errors in manufacturing, and increase customer satisfaction. Advances in automation, AI, and machine learning are enabling computers to outperform humans in a range of intellectually demanding work skills. Factory automation implies to set of technologies and automatic control devices that enhance the productivity and quality of products and also decrease the production cost. Industrial automation is the use of various control systems, such as computers or robots, and information technologies for handling different processes and types of machinery in an industry to replace a human being.

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Market Dynamics:

Driver:

The basic issues the industrial sector faces are the rising costs of materials, labor, and the demand for lower prices. Furthermore, increased spending in research & development operations and solution acceptance in developing countries is the driving factor of the Factory Automation and Industrial Control System Market. However, government initiatives to assist new technologies industries will also help the factory automation and industrial control system market during the forecast period.

Opportunities:

Several processes used in industrial manufacturing can be harmful to humans. Human error or mechanical malfunction during production can result in deadly accidents. As a result, the manufacturing sector needs to implement safety measures to prevent such workplace incidents. The demand for industrial control systems is expected to increase as a result of the rising number of security breaches and the expanding use of cloud computing services across a range of industrial sectors. The industrial sectors' need for ongoing network and traffic behavior monitoring to spot network irregularities related to cyberattacks is providing a growth opportunity.

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Market coverage

•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - By Type, By Component, By End-User
•Competitive Landscape- Schneider Electric SE,Rockwell Automation Inc.,Honeywell International Inc.,Emerson Electric Company

Market Segmentation

By Type

•SCADA
•PAM
•PLC
•DCS
•MES
•Others

By Component

•Industrial Sensors
•Industrial Robots
•Industrial 3D Printers
•Machine Vision Systems
•Others

By End-User
•Automotive
•Chemical & Petrochemical
•Pharmaceutical
•Food & Beverage
•Oil & Gas
•Other

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By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
•Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market
•Schneider Electric SE
•Rockwell Automation Inc.
•Honeywell International Inc.
•Emerson Electric Company
•ABB Ltd
•Mitsubishi Electric Corporation
•Siemens AG
•Omron Corporation
•Yokogawa Electric Corporation
•General Electric Co.
•Texas Instruments Inc.
•Robert Bosch GmbH and Other Major Players.

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Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Component
 3.3 By End-User
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Factory Automation and Industrial Control System Market by Type

To Be Continued……

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