TIPRE00009863 - Global Factory Automation Market To 2028 - Sample

Global Factory Automation Market to 2028 www.theinsightpartners.
com
Global Factory Automation Market

Forecast to 2028 – COVID-19 Impact and Global Analysis
Coverage: Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type
(Programmable Automation, Fixed Automation, and Flexible Automation), Technology (Programmable Logic Controller (PLC),
Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface
(HMI), and Others), Industry Vertical (Automotive, Food and Beverage, Oil and Gas, Manufacturing, Mining, and Others), and
Geography
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Global Factory Automation Market to 2028 www.theinsightpartners.com
TABLE OF CONTENTS
1. Introduction ......................................................................................................... 28
1.1 Scope of the Study ....................................................................................................................... 28
1.2 The Insight Partners Research Report Guidance ....................................................................... 28
1.3 Market Segmentation .................................................................................................................. 29
2. Key Takeaways ..................................................................................................... 31

3. Research Methodology ........................................................................................ 34
3.1 Coverage ....................................................................................................................................... 35
3.2 Secondary Research .................................................................................................................... 35
3.3 Primary Research ......................................................................................................................... 35
4. Factory Automation Market Landscape ................................................................. 37

4.1 Market Overview ........................................................................................................................... 37
4.2 PEST Analysis ................................................................................................................................ 38
4.2.1 North America.............................................................................................................................. 38
4.2.2 Europe.......................................................................................................................................... 38
4.2.3 Asia Pacific .................................................................................................................................. 39
4.2.4 Middle East and Africa ................................................................................................................ 39
4.2.5 South America ............................................................................................................................. 40
4.3 Ecosystem Analysis ...................................................................................................................... 40
4.4 Expert Opinion .............................................................................................................................. 41
5. Factory Automation Market - Key Market Dynamics ............................................... 42

5.1 Market Drivers .............................................................................................................................. 42
5.1.1 Rising Adoption of Factory Automation Across Automotive Industry........................................ 42
5.1.2 Increasing Number of Product Launches .................................................................................. 42
5.2 Market Restraints ......................................................................................................................... 43
5.2.1 High Operating Cost for Small and Medium Manufacturing Companies ................................. 43
5.2.2 Cybersecurity Risks Through Cobots .......................................................................................... 43
5.3 Market Opportunities ................................................................................................................... 44
5.3.1 Growing Collaborative Partnerships Between Companies ....................................................... 44
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5.4 Future Trends ............................................................................................................................... 44
5.4.1 Automation in Mining Industry ................................................................................................... 44
5.5 Impact Analysis of Drivers and Restraints .................................................................................. 45
6. Factory Automation Market – Global Market Analysis............................................ 46

6.1 Factory Automation Market Global Overview.............................................................................. 46
6.2 Global Factory Automation Market Forecast and Analysis ........................................................ 47
6.3 Market Positioning- Top Five Players .......................................................................................... 48
7. Factory Automation Market Analysis – By Component ........................................... 49

7.1 Overview ........................................................................................................................................ 49
7.2 Factory Automation Market, By Component (2021 and 2028) ................................................ 49
7.3 Hardware....................................................................................................................................... 50
7.3.1 Overview ...................................................................................................................................... 50
7.3.2 Hardware: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ...... 50
7.4 Software ........................................................................................................................................ 51
7.4.1 Overview ...................................................................................................................................... 51
7.4.2 Software: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ....... 51
8. Factory Automation Market Analysis – By Hardware .............................................. 52

8.1 Overview ........................................................................................................................................ 52
8.2 Factory Automation Market, By Hardware (2021 and 2028).................................................... 52
8.3 Sensors ......................................................................................................................................... 53
8.3.1 Overview ...................................................................................................................................... 53
8.3.2 Sensors: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ......... 53
8.4 Controllers..................................................................................................................................... 54
8.4.1 Overview ...................................................................................................................................... 54
8.4.2 Controllers: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ......................................................................................................................................... 54
8.5 Robots ........................................................................................................................................... 55
8.5.1 Overview ...................................................................................................................................... 55
8.5.2 Robots: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ........... 55
8.6 Drives ............................................................................................................................................ 56
8.6.1 Overview ...................................................................................................................................... 56
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8.6.2 Drives: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ............ 56
8.7 Others ............................................................................................................................................ 57
8.7.1 Overview ...................................................................................................................................... 57
8.7.2 Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ........... 57
9. Factory Automation Market Analysis – By Type ...................................................... 58

9.1 Overview ........................................................................................................................................ 58
9.2 Factory Automation Market, By Type (2021 and 2028) ............................................................ 58
9.3 Programmable Automation .......................................................................................................... 59
9.3.1 Overview ...................................................................................................................................... 59
9.3.2 Programmable Automation: Factory Automation Market – Revenue, and Forecast to

2028 (US$ Million) ...................................................................................................................... 59
9.4 Fixed Automation .......................................................................................................................... 60
9.4.1 Overview ...................................................................................................................................... 60
9.4.2 Fixed Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ......................................................................................................................................... 60
9.5 Flexible Automation ...................................................................................................................... 61
9.5.1 Overview ...................................................................................................................................... 61
9.5.2 Flexible Automation: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) ................................................................................................................................ 61
10. Factory Automation Market Analysis – By Technology............................................ 62

10.1 Overview ........................................................................................................................................ 62
10.2 Factory Automation Market, By Technology (2021 and 2028) ................................................. 62
10.3 PLC ................................................................................................................................................ 63
10.3.1 Overview ...................................................................................................................................... 63
10.3.2 PLC: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ................ 63
10.4 DCS ................................................................................................................................................ 64
10.4.1 Overview ...................................................................................................................................... 64
10.4.2 DCS: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ............... 64
10.5 SCADA ........................................................................................................................................... 65
10.5.1 Overview ...................................................................................................................................... 65
10.5.2 SCADA: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ........... 65
10.6 HMI ................................................................................................................................................ 66
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10.6.1 Overview ...................................................................................................................................... 66
10.6.2 HMI: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ................ 66
10.7 Others ............................................................................................................................................ 67
10.7.1 Overview ...................................................................................................................................... 67
11. Factory Automation Market Analysis – By Industry Vertical .................................... 68

11.1 Overview ........................................................................................................................................ 68
11.2 Factory Automation Market, By Industry Vertical (2021 and 2028) ......................................... 68
11.3 Automotive .................................................................................................................................... 69
11.3.1 Overview ...................................................................................................................................... 69
11.3.2 Automotive: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ......................................................................................................................................... 69
11.4 Food and Beverage ...................................................................................................................... 70
11.4.1 Overview ...................................................................................................................................... 70
11.4.2 Food and Beverage: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) ................................................................................................................................ 70
11.5 Oil and Gas.................................................................................................................................... 71
11.5.1 Overview ...................................................................................................................................... 71
11.5.2 Oil and Gas: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ......................................................................................................................................... 71
11.6 Manufacturing .............................................................................................................................. 72
11.6.1 Overview ...................................................................................................................................... 72
11.6.2 Manufacturing: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ......................................................................................................................................... 72
11.7 Mining............................................................................................................................................ 73
11.7.1 Overview ...................................................................................................................................... 73
11.7.2 Mining: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ........... 73
11.8 Others ............................................................................................................................................ 74
11.8.1 Overview ...................................................................................................................................... 74
12. Factory Automation Market – Geographic Analysis ................................................ 75

12.1 Overview ........................................................................................................................................ 75
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12.2 North America: Factory Automation Market ............................................................................... 76
12.3 Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) ......................... 77
12.3.1 North America: Factory Automation Market, by Component .................................................... 78
12.3.2 North America: Factory Automation Market, by Hardware ....................................................... 79
12.3.3 North America: Factory Automation Market, by Type ................................................................ 80
12.3.4 North America: Factory Automation Market, by Technology ..................................................... 81
12.3.5 North America: Factory Automation Market, by Industry Vertical ............................................ 82
12.3.6 North America: Factory Automation Market, by Key Country ................................................... 83
12.3.6.1 US: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ....................................................................................................................... 83
12.3.6.1.1 US: Factory Automation Market, by Component ................................ 84
12.3.6.1.2 US: Factory Automation Market, by Hardware ................................... 84
12.3.6.1.3 US: Factory Automation Market, by Type ............................................ 85
12.3.6.1.4 US: Factory Automation Market, by Technology ................................. 85
12.3.6.1.5 US: Factory Automation Market, by Industry Vertical......................... 86
12.3.6.2 Canada: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ....................................................................................................................... 87
12.3.6.2.1 Canada: Factory Automation Market, by Component ........................ 87
12.3.6.2.2 Canada: Factory Automation Market, by Hardware ........................... 88
12.3.6.2.3 Canada: Factory Automation Market, by Type ................................... 88
12.3.6.2.4 Canada: Factory Automation Market, by Technology ........................ 89
12.3.6.2.5 Canada: Factory Automation Market, by Industry Vertical ................ 89
12.3.6.3 Mexico: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ....................................................................................................................... 90
12.3.6.3.1 Mexico: Factory Automation Market, by Component ......................... 90
12.3.6.3.2 Mexico: Factory Automation Market, by Hardware ............................ 91
12.3.6.3.3 Mexico: Factory Automation Market, by Type..................................... 91
12.3.6.3.4 Mexico: Factory Automation Market, by Technology.......................... 92
12.3.6.3.5 Mexico: Factory Automation Market, by Industry Vertical ................. 92
12.4 Europe: Factory Automation Market ........................................................................................... 93
12.4.1 Europe: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) .......... 94
12.4.2 Europe: Factory Automation Market, by Component ................................................................ 94
12.4.3 Europe: Factory Automation Market, by Hardware ................................................................... 95
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12.4.4 Europe: Factory Automation Market, by Type ............................................................................ 96
12.4.5 Europe: Factory Automation Market, by Technology ................................................................. 97
12.4.6 Europe: Factory Automation Market, by Industry Vertical ......................................................... 98
12.4.7 Europe: Factory Automation Market, by Key Country ............................................................... 99
12.4.7.1 Germany: Factory Automation Market – Revenue and Forecast to 2028

(US$ Million) .............................................................................................................. 99
12.4.7.1.1 Germany: Factory Automation Market, by Component .................... 100
12.4.7.1.2 Germany: Factory Automation Market, by Hardware ....................... 100
12.4.7.1.3 Germany: Factory Automation Market, by Type ............................... 101
12.4.7.1.4 Germany: Factory Automation Market, by Technology .................... 101
12.4.7.1.5 Germany: Factory Automation Market, by Industry Vertical ............ 102
12.4.7.2 France: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 102
12.4.7.2.1 France: Factory Automation Market, by Component ....................... 103
12.4.7.2.2 France: Factory Automation Market, by Hardware .......................... 103
12.4.7.2.3 France: Factory Automation Market, by Type ................................... 104
12.4.7.2.4 France: Factory Automation Market, by Technology ........................ 104
12.4.7.2.5 France: Factory Automation Market, by Industry Vertical ................ 105
12.4.7.3 Italy: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 106
12.4.7.3.1 Italy: Factory Automation Market, by Component ............................ 106
12.4.7.3.2 Italy: Factory Automation Market, by Hardware ............................... 107
12.4.7.3.3 Italy: Factory Automation Market, by Type ....................................... 107
12.4.7.3.4 Italy: Factory Automation Market, by Technology ............................ 108
12.4.7.3.5 Italy: Factory Automation Market, by Industry Vertical .................... 108
12.4.7.4 UK: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 109
12.4.7.4.1 UK: Factory Automation Market, by Component .............................. 109
12.4.7.4.2 UK: Factory Automation Market, by Hardware ................................. 110
12.4.7.4.3 UK: Factory Automation Market, by Type ......................................... 110
12.4.7.4.4 UK: Factory Automation Market, by Technology .............................. 111
12.4.7.4.5 UK: Factory Automation Market, by Industry Vertical ...................... 111
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12.4.7.5 Russia: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 112
12.4.7.5.1 Russia: Factory Automation Market, by Component ....................... 112
12.4.7.5.2 Russia: Factory Automation Market, by Hardware ........................... 113
12.4.7.5.3 Russia: Factory Automation Market, by Type ................................... 113
12.4.7.5.4 Russia: Factory Automation Market, by Technology ........................ 114
12.4.7.5.5 Russia: Factory Automation Market, by Industry Vertical ................ 114
12.4.7.6 Rest of Europe: Factory Automation Market – Revenue and Forecast to

2028 (US$ Million) .................................................................................................. 115
12.4.7.6.1 Rest of Europe: Factory Automation Market, by Component .......... 115
12.4.7.6.2 Rest of Europe: Factory Automation Market, by Hardware ............. 116
12.4.7.6.3 Rest of Europe: Factory Automation Market, by Type ...................... 116
12.4.7.6.4 Rest of Europe: Factory Automation Market, by Technology ........... 117
12.4.7.6.5 Rest of Europe: Factory Automation Market, by Industry

Vertical ................................................................................................ 117
12.5 Asia Pacific: Factory Automation Market .................................................................................. 118
12.5.1 Asia Pacific: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ....................................................................................................................................... 118
12.5.2 Asia Pacific: Factory Automation Market, by Component ....................................................... 119
12.5.3 Asia Pacific: Factory Automation Market, by Hardware .......................................................... 120
12.5.4 Asia Pacific: Factory Automation Market, by Type ................................................................... 121
12.5.5 Asia Pacific: Factory Automation Market, by Technology ........................................................ 122
12.5.6 Asia Pacific: Factory Automation Market, by Industry Vertical ............................................... 123
12.5.7 Asia Pacific: Factory Automation Market, by Key Country ...................................................... 124
12.5.7.1 Australia: Factory Automation Market – Revenue and Forecast to 2028

(US$ Million) ............................................................................................................ 124
12.5.7.1.1 Australia: Factory Automation Market, by Component .................... 125
12.5.7.1.2 Australia: Factory Automation Market, by Hardware ....................... 125
12.5.7.1.3 Australia: Factory Automation Market, by Type ................................ 126
12.5.7.1.4 Australia: Factory Automation Market, by Technology ..................... 126
12.5.7.1.5 Australia: Factory Automation Market, by Industry Vertical............. 127
12.5.7.2 China: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 128
12.5.7.2.1 China: Factory Automation Market, by Component ......................... 128
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12.5.7.2.2 China: Factory Automation Market, by Hardware ............................ 129
12.5.7.2.3 China: Factory Automation Market, by Type ..................................... 129
12.5.7.2.4 China: Factory Automation Market, by Technology .......................... 130
12.5.7.2.5 China: Factory Automation Market, by Industry Vertical.................. 130
12.5.7.3 India: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 131
12.5.7.3.1 India: Factory Automation Market, by Component .......................... 131
12.5.7.3.2 India: Factory Automation Market, by Hardware .............................. 132
12.5.7.3.3 India: Factory Automation Market, by Type ...................................... 132
12.5.7.3.4 India: Factory Automation Market, by Technology ........................... 133
12.5.7.3.5 India: Factory Automation Market, by Industry Vertical ................... 133
12.5.7.4 Japan: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 134
12.5.7.4.1 Japan: Factory Automation Market, by Component ......................... 134
12.5.7.4.2 Japan: Factory Automation Market, by Hardware ............................ 135
12.5.7.4.3 Japan: Factory Automation Market, by Type .................................... 135
12.5.7.4.4 Japan: Factory Automation Market, by Technology ......................... 136
12.5.7.4.5 Japan: Factory Automation Market, by Industry Vertical ................. 136
12.5.7.5 South Korea: Factory Automation Market – Revenue and Forecast to 2028
(US$ Million) ............................................................................................................ 137
12.5.7.5.1 South Korea: Factory Automation Market, by Component .............. 137
12.5.7.5.2 South Korea: Factory Automation Market, by Hardware ................. 138
12.5.7.5.3 South Korea: Factory Automation Market, by Type ......................... 138
12.5.7.5.4 South Korea: Factory Automation Market, by Technology .............. 139
12.5.7.5.5 South Korea: Factory Automation Market, by Industry Vertical ...... 139
12.5.7.6 Rest of APAC: Factory Automation Market – Revenue and Forecast to 2028
(US$ Million) ............................................................................................................ 140
12.5.7.6.1 Rest of APAC: Factory Automation Market, by Component ............. 140
12.5.7.6.2 Rest of APAC: Factory Automation Market, by Hardware ................ 141
12.5.7.6.3 Rest of APAC: Factory Automation Market, by Type ......................... 141
12.5.7.6.4 Rest of APAC: Factory Automation Market, by Technology .............. 142
12.5.7.6.5 Rest of APAC: Factory Automation Market, by Industry Vertical ...... 142
12.6 Middle East and Africa: Factory Automation Market ................................................................ 143
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12.6.1 Middle East and Africa: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) .............................................................................................................................. 143
12.6.2 Middle East and Africa: Factory Automation Market, by Component .................................... 144
12.6.3 Middle East and Africa: Factory Automation Market, by Hardware ........................................ 145
12.6.4 Middle East and Africa: Factory Automation Market, by Type ................................................ 146
12.6.5 Middle East and Africa: Factory Automation Market, by Technology ..................................... 147
12.6.6 Middle East and Africa: Factory Automation Market, by Industry Vertical ............................. 148
12.6.7 Middle East and Africa: Factory Automation Market, by Key Country .................................... 149
12.6.7.1 South Africa: Factory Automation Market – Revenue and Forecast to 2028
(US$ Million) ............................................................................................................ 149
12.6.7.1.1 South Africa: Factory Automation Market, by Component .............. 150
12.6.7.1.2 South Africa: Factory Automation Market, by Hardware .................. 150
12.6.7.1.3 South Africa: Factory Automation Market, by Type .......................... 151
12.6.7.1.4 South Africa: Factory Automation Market, by Technology ............... 151
12.6.7.1.5 South Africa: Factory Automation Market, by Industry Vertical ....... 152
12.6.7.2 Saudi Arabia: Factory Automation Market – Revenue and Forecast to 2028
(US$ Million) ............................................................................................................ 153
12.6.7.2.1 Saudi Arabia: Factory Automation Market, by Component.............. 153
12.6.7.2.2 Saudi Arabia: Factory Automation Market, by Hardware ................. 154
12.6.7.2.3 Saudi Arabia: Factory Automation Market, by Type ......................... 154
12.6.7.2.4 Saudi Arabia: Factory Automation Market, by Technology .............. 155
12.6.7.2.5 Saudi Arabia: Factory Automation Market, by Industry Vertical ...... 155
12.6.7.3 UAE: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 156
12.6.7.3.1 UAE: Factory Automation Market, by Component ............................ 156
12.6.7.3.2 UAE: Factory Automation Market, by Hardware ............................... 157
12.6.7.3.3 UAE: Factory Automation Market, by Type ........................................ 157
12.6.7.3.4 UAE: Factory Automation Market, by Technology ............................. 158
12.6.7.3.5 UAE: Factory Automation Market, by Industry Vertical .................... 158
12.6.7.4 Rest of MEA: Factory Automation Market – Revenue and Forecast to 2028
(US$ Million) ............................................................................................................ 159
12.6.7.4.1 Rest of MEA: Factory Automation Market, by Component .............. 159
12.6.7.4.2 Rest of MEA: Factory Automation Market, by Hardware .................. 160
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12.6.7.4.3 Rest of MEA: Factory Automation Market, by Type .......................... 160
12.6.7.4.4 Rest of MEA: Factory Automation Market, by Technology ............... 161
12.6.7.4.5 Rest of MEA: Factory Automation Market, by Industry Vertical ....... 161
12.7 South America: Factory Automation Market ............................................................................. 162
12.7.1 South America: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ....................................................................................................................................... 162
12.7.2 South America: Factory Automation Market, by Component .................................................. 163
12.7.3 South America: Factory Automation Market, by Hardware ..................................................... 164
12.7.4 South America: Factory Automation Market, by Type ............................................................. 165
12.7.5 South America: Factory Automation Market, by Technology .................................................. 166
12.7.6 South America: Factory Automation Market, by Industry Vertical .......................................... 167
12.7.7 South America: Factory Automation Market, by Key Country ................................................. 168
12.7.7.1 Brazil: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ..................................................................................................................... 168
12.7.7.1.1 Brazil: Factory Automation Market, by Component ......................... 169
12.7.7.1.2 Brazil: Factory Automation Market, by Hardware ............................. 169
12.7.7.1.3 Brazil: Factory Automation Market, by Type ..................................... 170
12.7.7.1.4 Brazil: Factory Automation Market, by Technology .......................... 170
12.7.7.1.5 Brazil: Factory Automation Market, by Industry Vertical .................. 171
12.7.7.2 Argentina: Factory Automation Market – Revenue and Forecast to 2028

(US$ Million) ............................................................................................................ 172
12.7.7.2.1 Argentina: Factory Automation Market, by Component ................... 172
12.7.7.2.2 Argentina: Factory Automation Market, by Hardware ...................... 173
12.7.7.2.3 Argentina: Factory Automation Market, by Type .............................. 173
12.7.7.2.4 Argentina: Factory Automation Market, by Technology ................... 174
12.7.7.2.5 Argentina: Factory Automation Market, by Industry Vertical ........... 174
12.7.7.3 Rest of SAM: Factory Automation Market – Revenue and Forecast to 2028
(US$ Million) ............................................................................................................ 175
12.7.7.3.1 Rest of SAM: Factory Automation Market, by Component .............. 175
12.7.7.3.2 Rest of SAM: Factory Automation Market, by Hardware ................. 176
12.7.7.3.3 Rest of SAM: Factory Automation Market, by Type .......................... 176
12.7.7.3.4 Rest of SAM: Factory Automation Market, by Technology ............... 177
12.7.7.3.5 Rest of SAM: Factory Automation Market, by Industry Vertical ....... 177
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13. Factory Automation Market- COVID-19 Impact Analysis ...................................... 178

13.1 Overview ...................................................................................................................................... 178
13.2 North America ............................................................................................................................. 178
13.3 Europe ......................................................................................................................................... 180
13.4 Asia Pacific .................................................................................................................................. 181
13.5 Middle East and Africa ............................................................................................................... 182
13.6 South America ............................................................................................................................ 183
14. Industry Landscape ............................................................................................ 184

14.1 Overview ...................................................................................................................................... 184
14.2 Market Initiative.......................................................................................................................... 184
14.3 Merger and Acquisition .............................................................................................................. 185
14.4 New Product Launch .................................................................................................................. 185
15. Company Profiles ............................................................................................... 187

15.1 ABB Ltd........................................................................................................................................ 187
15.1.1 Key Facts ................................................................................................................................... 187
15.1.2 .Business Description ............................................................................................................... 187
15.1.3 Products and Services .............................................................................................................. 188
15.1.4 Financial Overview .................................................................................................................... 188
15.1.5 SWOT Analysis ........................................................................................................................... 190
15.1.6 Key Developments .................................................................................................................... 191
15.2 Emerson Electric Co. .................................................................................................................. 192
15.2.1 Key Facts ................................................................................................................................... 192
15.2.2 Business Description ................................................................................................................ 192
15.2.5 SWOT Analysis ........................................................................................................................... 195
15.3 Fanuc Corporation ...................................................................................................................... 197
15.3.1 Key Facts ................................................................................................................................... 197
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15.3.5 SWOT Analysis ........................................................................................................................... 199
15.4 General Electric Company.......................................................................................................... 201
15.4.1 Key Facts ................................................................................................................................... 201
15.4.5 SWOT Analysis ........................................................................................................................... 204
15.5 Mitsubishi Electric Corporation.................................................................................................. 205
15.5.1 Key Facts ................................................................................................................................... 205
15.5.5 SWOT Analysis ........................................................................................................................... 208
15.6 Honeywell International Inc. ...................................................................................................... 210
15.6.1 Key Facts ................................................................................................................................... 210
15.6.5 SWOT Analysis ........................................................................................................................... 212
15.7 OMRON Corporation ................................................................................................................... 214
15.7.1 Key Facts ................................................................................................................................... 214
15.7.5 SWOT Analysis ........................................................................................................................... 217
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15.8 Rockwell Automation, Inc........................................................................................................... 219
15.8.1 Key Facts ................................................................................................................................... 219
15.8.5 SWOT Analysis ........................................................................................................................... 222
15.9 Siemens AG................................................................................................................................. 224
15.9.1 Key Facts ................................................................................................................................... 224
15.9.5 SWOT Analysis ........................................................................................................................... 227
15.10 Bosch Rexroth AG ....................................................................................................................... 228
15.10.1 Key Facts ................................................................................................................................... 228
15.10.5 SWOT Analysis ........................................................................................................................... 231
16. Appendix ........................................................................................................... 232

16.1 About The Insight Partners ........................................................................................................ 232
16.2 Word Index .................................................................................................................................. 232
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LIST OF TABLES
Table 1. Global Factory Automation Market, Revenue and Forecast, 2019–2028 (US$
Million) ............................................................................................................................................ 48
Table 2. North America: Factory Automation Market, by Component – Revenue and

Forecast to 2028 (US$ Million) ..................................................................................................... 78
Table 3. North America: Factory Automation Market, by Hardware – Revenue and Forecast
to 2028 (US$ Million)..................................................................................................................... 79
Table 4. North America: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 80
Table 5. North America: Factory Automation Market, by Technology – Revenue and

Table 6. North America: Factory Automation Market, by Industry Vertical – Revenue and
Table 7. US: Factory Automation Market, by Component – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................... 84
Table 8. US: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................... 84
Table 9. US: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) ............................................................................................................................................ 85
Table 10. US: Factory Automation Market, by Technology – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................... 85
Table 11. US: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 86
Table 12. Canada: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 87
Table 13. Canada: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 88
Table 14. Canada: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................... 88
Table 15. Canada: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 89
Table 16. Canada: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)..................................................................................................................... 89
Table 17. Mexico: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 90
15
Table 18. Mexico: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 91
Table 19. Mexico: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................... 91
Table 20. Mexico: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 92
Table 21. Mexico: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)..................................................................................................................... 92
Table 22. Europe: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 95
Table 23. Europe: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 95
Table 24. Europe: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................... 96
Table 25. Europe: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ......................................................................................................................... 97
Table 26. Europe: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)..................................................................................................................... 98
Table 27. Germany: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 100
Table 28. Germany: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 100
Table 29. Germany: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 101
Table 30. Germany: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 101
Table 31. Germany: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 102
Table 32. France: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 103
Table 33. France: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 103
Table 34. France: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 104
Table 35. France: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 104
16
Table 36. France: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 105
Table 37. Italy: Factory Automation Market, by Component – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 106
Table 38. Italy: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 107
Table 39. Italy: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 107
Table 40. Italy: Factory Automation Market, by Technology – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 108
Table 41. Italy: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 108
Table 42. UK: Factory Automation Market, by Component – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 109
Table 43. UK: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 110
Table 44. UK: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 110
Table 45. UK: Factory Automation Market, by Technology – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 111
Table 46. UK: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 111
Table 47. Russia: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 112
Table 48. Russia: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 113
Table 49. Russia: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 113
Table 50. Russia: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 114
Table 51. Russia: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 114
Table 52. Rest of Europe: Factory Automation Market, by Component – Revenue and
Forecast to 2028 (US$ Million) ................................................................................................... 115
Table 53. Rest of Europe: Factory Automation Market, by Hardware – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 116
17
Table 54. Rest of Europe: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 116
Table 55. Rest of Europe: Factory Automation Market, by Technology – Revenue and
Table 56. Rest of Europe: Factory Automation Market, by Industry Vertical – Revenue and
Table 57. Asia Pacific: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 119
Table 58. Asia Pacific: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 120
Table 59. Asia Pacific: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 121
Table 60. Asia Pacific: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 122
Table 61. Asia Pacific: Factory Automation Market, by Industry Vertical – Revenue and
Table 62. Australia: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 125
Table 63. Australia: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 125
Table 64. Australia: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 126
Table 65. Australia: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 126
Table 66. Australia: Factory Automation Market, by Industry Vertical – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 127
Table 67. China: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 128
Table 68. China: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 129
Table 69. China: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 129
Table 70. China: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 130
Table 71. China: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 130
18
Table 72. India: Factory Automation Market, by Component – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 131
Table 73. India: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 132
Table 74. India: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 132
Table 75. India: Factory Automation Market, by Technology – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 133
Table 76. India: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 133
Table 77. Japan: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 134
Table 78. Japan: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 135
Table 79. Japan: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 135
Table 80. Japan: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 136
Table 81. Japan: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 136
Table 82. South Korea: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 137
Table 83. South Korea: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 138
Table 84. South Korea: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 138
Table 85. South Korea: Factory Automation Market, by Technology – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 139
Table 86. South Korea: Factory Automation Market, by Industry Vertical – Revenue and
Table 87. Rest of APAC: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 140
Table 88. Rest of APAC: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 141
Table 89. Rest of APAC: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 141
19
Table 90. Rest of APAC: Factory Automation Market, by Technology – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 142
Table 91. Rest of APAC: Factory Automation Market, by Industry Vertical – Revenue and
Table 92. Middle East and Africa: Factory Automation Market, by Component – Revenue and
Table 93. Middle East and Africa: Factory Automation Market, by Hardware – Revenue and
Table 94. Middle East and Africa: Factory Automation Market, by Type – Revenue and
Table 95. Middle East and Africa: Factory Automation Market, by Technology – Revenue and
Table 96. Middle East and Africa: Factory Automation Market, by Industry Vertical – Revenue
and Forecast to 2028 (US$ Million) ............................................................................................ 148
Table 97. South Africa: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 150
Table 98. South Africa: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 150
Table 99. South Africa: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 151
Table 100. South Africa: Factory Automation Market, by Technology – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 151
Table 101. South Africa: Factory Automation Market, by Industry Vertical – Revenue and
Table 102. Saudi Arabia: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 153
Table 103. Saudi Arabia: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 154
Table 104. Saudi Arabia: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 154
Table 105. Saudi Arabia: Factory Automation Market, by Technology – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 155
Table 106. Saudi Arabia: Factory Automation Market, by Industry Vertical – Revenue and
Table 107. UAE: Factory Automation Market, by Component – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 156
20
Table 108. UAE: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 157
Table 109. UAE: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 157
Table 110. UAE: Factory Automation Market, by Technology – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 158
Table 111. UAE: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 158
Table 112. Rest of MEA: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 159
Table 113. Rest of MEA: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 160
Table 114. Rest of MEA: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 160
Table 115. Rest of MEA: Factory Automation Market, by Technology – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 161
Table 116. Rest of MEA: Factory Automation Market, by Industry Vertical – Revenue and
Table 117. South America: Factory Automation Market, by Component – Revenue and
Table 118. South America: Factory Automation Market, by Hardware – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 164
Table 119. South America: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 165
Table 120. South America: Factory Automation Market, by Technology – Revenue and
Table 121. South America: Factory Automation Market, by Industry Vertical – Revenue and
Table 122. Brazil: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 169
Table 123. Brazil: Factory Automation Market, by Hardware – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 169
Table 124. Brazil: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 170
Table 125. Brazil: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 170
21
Table 126. Brazil: Factory Automation Market, by Industry Vertical – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 171
Table 127. Argentina: Factory Automation Market, by Component – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 172
Table 128. Argentina: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 173
Table 129. Argentina: Factory Automation Market, by Type – Revenue and Forecast to 2028
(US$ Million) ................................................................................................................................. 173
Table 130. Argentina: Factory Automation Market, by Technology – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 174
Table 131. Argentina: Factory Automation Market, by Industry Vertical – Revenue and
Table 132. Rest of SAM: Factory Automation Market, by Component – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 175
Table 133. Rest of SAM: Factory Automation Market, by Hardware – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 176
Table 134. Rest of SAM: Factory Automation Market, by Type – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 176
Table 135. Rest of SAM: Factory Automation Market, by Technology – Revenue and Forecast
to 2028 (US$ Million)................................................................................................................... 177
Table 136. Rest of SAM: Factory Automation Market, by Industry Vertical – Revenue and
Table 137. List of Abbreviation....................................................................................................................... 232
22
LIST OF FIGURES
Figure 1. Factory Automation Market Segmentation ................................................................................... 29
Figure 2. Factory Automation Market Segmentation – Geography ............................................................ 30
Figure 3. Factory Automation Market Overview ........................................................................................... 31
Figure 4. Factory Automation Market, By Component ................................................................................. 32
Figure 5. Factory Automation Market, By Technology ................................................................................. 32
Figure 6. Factory Automation Market, By Industry Vertical ......................................................................... 33
Figure 7. Factory Automation Market, By Geography .................................................................................. 33
Figure 8. North America: PEST Analysis ....................................................................................................... 38
Figure 9. Europe: PEST Analysis.................................................................................................................... 38
Figure 10. Asia Pacific: PEST Analysis ............................................................................................................ 39
Figure 11. Middle East and Africa: PEST Analysis .......................................................................................... 39
Figure 12. South America: PEST Analysis ....................................................................................................... 40
Figure 13. Factory Automation Market- Ecosystem Analysis......................................................................... 40
Figure 14. Expert Opinion ................................................................................................................................ 41
Figure 15. Factory Automation Market Impact Analysis of Drivers and Restraints ..................................... 45
Figure 16. Geographic Overview of Factory Automation Market................................................................... 46
Figure 17. Global Factory Automation Market, Forecast and Analysis (US$ Million) .................................. 47
Figure 18. Market Positioning- Top Five Players ............................................................................................ 48
Figure 19. Factory Automation Market Revenue Share, by Component (2021 and 2028) ........................ 49
Figure 20. Hardware: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 50
Figure 21. Software: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 51
Figure 22. Factory Automation Market Revenue Share, by Hardware (2021 and 2028) ........................... 52
Figure 23. Sensors: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 53
Figure 24. Controllers: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 54
Figure 25. Robots: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 55
23
Figure 26. Drives: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)............... 56
Figure 27. Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 57
Figure 28. Factory Automation Market Revenue Share, by Type (2021 and 2028).................................... 58
Figure 29. Programmable Automation: Factory Automation Market – Revenue, and Forecast
to 2028 (US$ Million)..................................................................................................................... 59
Figure 30. Fixed Automation: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) ................................................................................................................................... 60
Figure 31. Flexible Automation: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) ................................................................................................................................... 61
Figure 32. Factory Automation Market Revenue Share, by Technology (2021 and 2028) ........................ 62
Figure 33. PLC: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)................... 63
Figure 34. DCS: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) .................. 64
Figure 35. SCADA: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 65
Figure 36. HMI: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million) .................. 66
Million) ............................................................................................................................................ 67
Figure 38. Factory Automation Market Revenue Share, by Industry Vertical (2021 and 2028) ................ 68
Figure 39. Automotive: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 69
Figure 40. Food and Beverage: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) ................................................................................................................................... 70
Figure 41. Oil and Gas: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 71
Figure 42. Manufacturing: Factory Automation Market – Revenue, and Forecast to 2028
(US$ Million) ................................................................................................................................... 72
Figure 43. Mining: Factory Automation Market – Revenue, and Forecast to 2028 (US$
Million) ............................................................................................................................................ 73
Million) ............................................................................................................................................ 74
Figure 45. Global Factory Automation Market Revenue Share, by Region (2021 and 2028) .................... 75
Figure 46. North America: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ............................................................................................................................................ 77
24
Figure 47. North America: Factory Automation Market Revenue Share, by Component (2021
and 2028) ....................................................................................................................................... 78
Figure 48. North America: Factory Automation Market Revenue Share, by Hardware (2021
and 2028) ....................................................................................................................................... 79
Figure 49. North America: Factory Automation Market Revenue Share, by Type (2021 and
2028) .............................................................................................................................................. 80
Figure 50. North America: Factory Automation Market Revenue Share, by Technology (2021
and 2028) ....................................................................................................................................... 81
Figure 51. North America: Factory Automation Market Revenue Share, by Industry Vertical
(2021 and 2028) ........................................................................................................................... 82
Figure 52. North America: Factory Automation Market Revenue Share, by Key Country (2021
and 2028) ....................................................................................................................................... 83
Figure 53. US: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ..................... 83
Figure 54. Canada: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ............................................................................................................................................ 87
Figure 55. Mexico: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) .............. 90
Figure 56. Europe: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) .............. 94
Figure 57. Europe: Factory Automation Market Revenue Share, by Component (2021 and
2028) .............................................................................................................................................. 94
Figure 58. Europe: Factory Automation Market Revenue Share, by Hardware (2021 and
2028) .............................................................................................................................................. 95
Figure 59. Europe: Factory Automation Market Revenue Share, by Type (2021 and 2028)...................... 96
Figure 60. Europe: Factory Automation Market Revenue Share, by Technology (2021 and
2028) .............................................................................................................................................. 97
Figure 61. Europe: Factory Automation Market Revenue Share, by Industry Vertical (2021
and 2028) ....................................................................................................................................... 98
Figure 62. Europe: Factory Automation Market Revenue Share, by Key Country (2021 and
2028) .............................................................................................................................................. 99
Figure 63. Germany: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) ............................................................................................................................................ 99
Figure 64. France: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)............. 102
Figure 65. Italy: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ................. 106
Figure 66. UK: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ................... 109
Figure 67. Russia: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ............. 112
25
Figure 68. Rest of Europe: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 115
Figure 69. Asia Pacific: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 118
Figure 70. Asia Pacific: Factory Automation Market Revenue Share, by Component (2021 and
2028) ............................................................................................................................................ 119
Figure 71. Asia Pacific: Factory Automation Market Revenue Share, by Hardware (2021 and
2028) ............................................................................................................................................ 120
Figure 72. Asia Pacific: Factory Automation Market Revenue Share, by Type (2021 and 2028) ............ 121
Figure 73. Asia Pacific: Factory Automation Market Revenue Share, by Technology (2021 and
2028) ............................................................................................................................................ 122
Figure 74. Asia Pacific: Factory Automation Market Revenue Share, by Industry Vertical (2021
and 2028) ..................................................................................................................................... 123
Figure 75. Asia Pacific: Factory Automation Market Revenue Share, by Key Country (2021
and 2028) ..................................................................................................................................... 124
Figure 76. Australia: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 124
Figure 77. China: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) .............. 128
Figure 78. India: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ................ 131
Figure 79. Japan: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) .............. 134
Figure 80. South Korea: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 137
Figure 81. Rest of APAC: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 140
Figure 82. Middle East and Africa: Factory Automation Market – Revenue and Forecast to
2028 (US$ Million) ....................................................................................................................... 143
Figure 83. Middle East and Africa: Factory Automation Market Revenue Share, by Component
(2021 and 2028) ......................................................................................................................... 144
Figure 84. Middle East and Africa: Factory Automation Market Revenue Share, by Hardware
(2021 and 2028) ......................................................................................................................... 145
Figure 85. Middle East and Africa: Factory Automation Market Revenue Share, by Type (2021
and 2028) ..................................................................................................................................... 146
Figure 86. Middle East and Africa: Factory Automation Market Revenue Share, by Technology
(2021 and 2028) ......................................................................................................................... 147
Figure 87. Middle East and Africa: Factory Automation Market Revenue Share, by Industry
Vertical (2021 and 2028) ............................................................................................................ 148
26
Figure 88. Middle East and Africa: Factory Automation Market Revenue Share, by Key
Country (2021 and 2028) ........................................................................................................... 149
Figure 89. South Africa: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 149
Figure 90. Saudi Arabia: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 153
Figure 91. UAE: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ................. 156
Figure 92. Rest of MEA: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 159
Figure 93. South America: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 162
Figure 94. South America: Factory Automation Market Revenue Share, by Component (2021
and 2028) ..................................................................................................................................... 163
Figure 95. South America: Factory Automation Market Revenue Share, by Hardware (2021
and 2028) ..................................................................................................................................... 164
Figure 96. South America: Factory Automation Market Revenue Share, by Type (2021 and
2028) ............................................................................................................................................ 165
Figure 97. South America: Factory Automation Market Revenue Share, by Technology (2021
and 2028) ..................................................................................................................................... 166
Figure 98. South America: Factory Automation Market Revenue Share, by Industry Vertical
(2021 and 2028) ......................................................................................................................... 167
Figure 99. South America: Factory Automation Market Revenue Share, by Key Country (2021
and 2028) ..................................................................................................................................... 168
Figure 100. Brazil: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million) ............... 168
Figure 101. Argentina: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 172
Figure 102. Rest of SAM: Factory Automation Market – Revenue and Forecast to 2028 (US$
Million) .......................................................................................................................................... 175
Figure 103. Impact of COVID-19 Pandemic in North America Country Markets .......................................... 179
27
1. Introduction
1.1 Scope of the Study
This research report provides insights into the “Global Factory Automation Market.” This report summarizes the results
of the assessment carried out by The Insight Partners in the field of the factory automation for the global perspective.
The report provides an analysis of factory automation market by component, hardware, type, technology, industry vertical,
and geography.
The report provides the current market size for factory automation, defines trends, and presents growth forecasts for
nine years from 2019 to 2028. 2019 and 2020 are considered as historic years, 2021 as the base year, and 2022 to
2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is
analyzed by the supply side, considering the market penetration of automation solutions across factories globally.
The research report focuses on the current market trends, opportunities, future potential of the market, and competition
in the factory automation in North America, Europe, Asia Pacific, Middle East & Africa, and South America. The study also
provides market insights and analysis of the factory automation, highlighting the technological market trends, adoption
rate, industry dynamics, and competitive analysis of major players in the industry.
1.2 The Insight Partners Research Report Guidance

The report provides qualitative and quantitative trends of global factory automation market.
• The report provides qualitative and quantitative trends of global factory automation market segmented by
component, hardware, type, technology, industry vertical, and geography.
• The report starts with the key takeaways (chapter 2), highlighting the key trends and outlook of the global factory
automation market.
• Chapter 3 provides the research methodology of the study.
• Chapter 4 provides a brief overview of the factory automation market landscape. It further provides the
segmentation of market with Porter’s Five Forces analysis on global scenario along with ecosystem analysis and
expert opinions.
• Chapter 5 highlights the factory automation market trends and outlook and the prevailing factors that are driving
the market, as well as are deterrents to market growth, along with their impact analysis.
• Chapter 6 discusses the market revenue and forecast, in the global factory automation market.
• Chapter 7, to 12 discuss the market segmented by component, hardware, type, technology, industry vertical, and
geography across the regions North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Chapter 13 provides the impact of COVID 19 across the regions North America, Europe, Asia Pacific, Middle East
& Africa, and South America, and respective countries.
28
• Chapter 13 provides the industry landscape and highlighting the major market events, as well as major market
vendors in the ecosystem.
• Chapter 14 provides the detailed profiles of the key companies operating within the factory automation market.
The companies have been profiled based on their key facts, business description, financial overview, SWOT
analysis, and key developments.
• Chapter 14, i.e., the appendix is inclusive of a brief overview of the company, glossary of terms, contact
information, and the disclaimer section.
1.3 Market Segmentation

Figure 1. Factory Automation Market Segmentation
Global Factory Automation Market
Component Hardware Type Technology Industry Vertical
Programmable Programmable
Hardware Sensors Logic Controller Automotive
Automation
(PLC)
Software Controllers Fixed Automation Distributed Food & Beverage

Control System
(DCS)
Flexible
Robots Oil & Gas
Automation
Supervisory
Control and Data
Acquiqition
Drives System (SCADA) Manufacturing
Human Machine
Others Interface (HMI) Mining
Others Others
Source: The Insight Partner Analysis
29
Figure 2. Factory Automation Market Segmentation – Geography
Global Airborne SATCOM Market
By Geography
Middle East & Africa

North America Europe Asia Pacific (APAC) South America
(MEA)
US Germany Australia Saudi Arabia Brazil
Canada France China UAE Rest of SAM
Mexico Italy India South Africa
U.K Japan Rest of MEA
Russia South Korea
Rest of Europe Rest of APAC
The global factory automation market is segmented based on component, hardware, type, technology, industry vertical,
and geography. The segmentation in this research study has been finalized post in-depth secondary research and
extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading
participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated
the segments of the research and have finalized the market segmentation.
30
2. Key Takeaways
Figure 3. Factory Automation Market Overview
MARKET OVERVIEW
Factory Automation Market
This research report on the “Factory Automation” provides a
holistic view of the global market size across geographies. The
XX
report further elucidates the key driving factors, restraints,

growth opportunities, and future trends pertaining to the market
growth.
XX
The market is segmented into component, hardware, type,

Revenue (US$ Million) technology, industry vertical, and geography.
2021 2028
MARKET DRIVERS MARKET RESTRAINTS FUTURE TRENDS MARKET OPPORTUNITIES

• Rising adoption of factory automation • High capital investments • Rising adoption of • Growing partnerships
across automotive industry for installation and automation in mining and collaborations
maintenance on industry among companies
• Increase in the number of product automation solutions for
launches small and medium
manufacturing companies
CAGR (2022–2028)
INCREMENTAL
US$ XX Million
GROWTH VALUE XX%
Source: The Insight Partners Analysis
31
3. Research Methodology
The Insight Partner’s research and analysis team consists of experienced professionals with advanced marketing and
statistical expertise, market research and consulting backgrounds in the manufacturing and construction industry.
32
The Insight Partners adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and Strategic and
Competitive Intelligence Professionals (www.scip.org).
The following methodology has been followed for the collection and analysis of data presented in this report:
3.1 Coverage
The objective of updating “The Insight Partners” coverage is to ensure it represents the most recent vision of the industry.
The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize
coverage. Companies that are making news or are of particular interest due to their innovative approach, are prioritized.
3.2 Secondary Research

The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative
and quantitative information relating to each market. The secondary research sources that are typically referred to
include, but are not limited to:
• Company websites, annual reports, financial reports, broker reports and investor presentations
• Industry trade journals and other literature
• National government documents, statistical databases and market reports
• News articles, press releases and web-casts specific to the companies operating in the market
NOTE: All the financials considered in Company Profile’s section have been standardized to US$. For the companies
whose revenues are available in currencies other than US$, the financials have been converted to US$ with the use of
respective currency exchange rates of the particular years.
3.3 Primary Research

“The Insight Partners” conducts numerous primary interviews a year with industry participants and commentators in order
to validate its data and analysis.
A typical research interview fulfils the following functions:
• Provides first-hand information on the market size, market trends, growth trends, competitive landscape and
future outlook
• Validates and strengthens secondary research findings
• Further develops the analysis team’s expertise and market understanding
33
Primary research involves email interactions and telephone interviews with various industry experts, for each market,
category, segment, and sub-segment across geographies. The participants who typically take part in such a process
include, but are not limited to, the following:
• Industry participants: VPs, business development managers, market intelligence managers and national sales
managers
• Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the factory
automation industry.
34
4. Factory Automation Market Landscape

4.1 Market Overview
Factory automation involves a set of technologies and control devices that enhance the productivity and quality of the
product while decreasing the overall production cost. It regulates industrial components and guarantees consistent,
superior-quality results, which helped it gain high demand in various industries, such as automotive, oil and gas,
manufacturing, and mining, for qualitative manufacturing. Moreover, it fulfils the need for mass production in industries
with several features, such as improved quality, minimal human intervention, and lesser labor expenses.
Leading factors that are boosting the growth of the factory automation market are the uptake of IoT, constant
improvement in industrial robotics, and the upcoming engineering 5G technology. Further, the demand for safety
compliance automation products is expected to provide significant growth opportunities to the factory automation market
in the near future. However, the need for substantial capital investment to establish an error-free automation system is
anticipated to pose a big challenge in the market's growth during the forecast period.
The global factory automation market is segmented on the basis of type, product, technology, and industry vertical. Based
on type, the market is segmented into programmable automation, fixed automation, and flexible automation. Based on
product, the market is segmented as sensors, controllers, robots, drives, and others. Further, based on technology, the
market is divided into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data
acquisition system (SCADA), human machine interface (HMI), and others. Based on industry vertical, the market is divided
into automotive, food and beverage, oil and gas, manufacturing, mining, and others.
A few key players operating in the factory automation market and ABB LTD.; Emerson Electric Co.; FANUC; General Electric
Company; Honeywell International Inc.; Mitsubishi Electric Corporation; Omron Corporation; Robert Bosch GmbH;
Rockwell Automation, Inc., and Siemens AG. Many companies, focusing on various strategic initiatives, are expected to
create a noteworthy business model and drive the market over the next few years.
For instance:
• In 2022, Scania, a prominent worldwide transport solutions provider, signed a deal with ABB to supply a broad
range of robotic solutions for Scania's new highly automated battery assembly factory in Sweden.
• In 2021, Rockwell Automation released new enhancements to its Allen-Bradley PowerFlex 755TL, TR, and TM AC
drives, including new standard corrosive gas protection that is often critical in industries, such as pulp and paper,
automotive, tire and rubber, metals, and water/wastewater.
• In 2020, OMRON announced the opening of its new Automation Center in Tokyo. This center permits its customers
to experience and test state-of-the-art FA, effortlessly integrating IoT, robotics, AI, and other cutting-edge
technologies.
• In 2020, Mitsubishi Electric introduced a highly flexible, small inverter series with numerous built-in networks,
including TSN, to meet the demands of intelligent factories.
35
4.2 PEST Analysis

4.2.1 North America
Figure 4. North America: PEST Analysis
• North America is a pioneer in adoption of advanced
ECONOMIC
technologies across all industry verticals. The increasing
POLITICAL
NORTH AMERICA
government initiatives to promote the adoption of
automation through implementation of various tax benefit
schemes is driving the North America factory automation
market
TECHNOLOGICAL
SOCIAL
4.3 Expert Opinion

During the course of the research study, various leading industry experts, global sales managers, key opinion leaders,
and industry veterans shared their valuable and critical insights about global and regional trends related to the factory
automation market. As a result, the figure below summarizes a few expert opinions collected during the primary research
for the global factory automation market
Figure 5. Expert Opinion
“ The manufacturers and industry operators

“
The rise in the adoption of factory automation is
across the globe are discovering practical ways majorly due to the increasing penetration of industry
to apply IoT across their operations and deriving 4.0 across the globe. “
measurable business value which is expecting
to drive the market growth. ”
-- CEO, Leading Factory Automation market player based in the US -- Director, Leading Industry Association, Mexico
Source: Primary Interviews
36
5. Factory Automation Market - Key Market Dynamics

5.1 Market Drivers
5.1.1 Rising Adoption of Factory Automation Across Automotive Industry
The growing demand for automobiles is subsequently leading to the need for an automation system as it helps
manufacturers increase outputs while decreasing the cost and risk of human workers. In the current scenario,
collaborative robots, robotic arms, and the Internet of Things coupled with AI are widely adopted in the automotive
industry, making the manufacturing process faster and accurate. According to the report by International Fedration of
Robotics, in 2019, the robot density in the US automotive industry was 1,287 installed units per 10,000 employees,
making the country ranked 7th worldwide.
Further, KUKA and Universal Robots produce and supply cobots to automotive companies such as Tesla to build cars.
Tesla has developed driverless car hardware called Autopilot, which uses AI technology. Companies such as IBM and
BMW are combining cognitive computing and IoT to invent autonomous cars, which can communicate while linking driving
patterns with the human driver's emotional response in all possible scenarios. In addition, automakers like Ford Motor
Co. and BMW AG are working on deployment of the 3D printer technology. Moreover, various other automers are also
utilizing virtual and augmented reality to address manufacturing issues. Thus, the aforementioned advanced automation
technologies ease the automotive manufacturing process at nearly every stage of vehicle production, in turn, catalyzing
the market expansion.
5.1.2 Increasing Number of Product Launches

The continuously growing demand for factory automation has compelled the market players to raise investments in
developing new and innovative products and software offerings. A few of the major product developments are mentioned
below:
• In September 2022, Fanuc Corporation announced the launch of new FANUC SCARA robots for food and
cleanroom applications. The FANUC SR-3iA/C and SR-6iA/C are fast and precise SCARA robots making them ideal
for use in food plants and clean rooms. The robots also consist of white epoxy coating for extra durability and IP54
protection guarding against the ingress of contamination from dust and water spray.
• In August 2022, Rockwell Automation, Inc. announced the enhancement in the compact PowerFlex Drive. The
PowerFlex 6000T drive can accept up to 13.8 kV primary voltage, which is nearly twice the input voltage. Its real-
time operational intelligence can monitor system performance, save energy with economizer mode, deliver faster
commissioning with adaptive control, and reduce downtime and repair costs with predictive maintenance alerts.
• In June 2022, Honeywell International Inc. introduced Experion PKS Release 520.2. The system consists of new
process automation features and functionality. It also helps expand the functionality of Control HIVE and allows
automation projects to be deployed more flexibly and resiliently.
• In May 2022, FANUC Corporation announced the launch of CRX collaborative robots. This series added three new
collaborative robots—CRX-5iA, CRX-20iA/L, and CRX-25iA cobots. They are safe, reliable, easy-to-use, and versatile
solutions for inspection, packing, machine load/unloading, palletizing, and welding.
37
• In October 2021, Emerson Electric Co. introduced a new ASCO Series 062 Rocker Isolation Valve. These valves
are designed especially for fluid control manifolds in the clinical laboratory. It is designed with a 16mm compact
size, allowing easy integration into complex fluid-handling manifolds. Also, it offers two-way and three-way
functionality, maximizing flexibility and versatility.
• In July 2021, Emerson Electric Co. launched a new AVENTICSTM Series Servo Profile Advanced (SPRA) Electric
Actuators. The actuators offer three screw technologies providing exceptional durability and accuracy. It is a cost-
effective and high-performance solution that covers most machine automation applications.
Such advancements in factory automation solutions, supported by high investments by global manufacturers to enhance
their product portfolio and innovate products as per customer changing requirements, are expected to contribute to the
growth of the factory automation market during the forecast period. In addition, new product launches will help end-user
industries such as automotive, food & beverages, oil & gas, and mining improve production time.
5.2 Impact Analysis of Drivers and Restraints

The figure below depicts the impact of the factors driving and restraining the factory automation market growth.
Figure 6. Factory Automation Market Impact Analysis of Drivers and Restraints
DRIVER SHORT TERM MID TERM LONG TERM
Rising adoption of factory automation across automotive industry   
RESTRAINT SHORT TERM MID TERM LONG TERM
Short Term – 2 Years Mid Term – 5 Years Long Term – 10 Years
Low  Medium  High 
38
6. Factory Automation Market – Global Market Analysis

6.1 Factory Automation Market Global Overview
Figure 7. Geographic Overview of Factory Automation Market
NORTH AMERICA EUROPE
CAGR: XX% CAGR: XX%

2021: $ XX Million 2021: $ XX Million
2028: $ XX Million 2028: $ XX Million
SAM MEA APAC
CAGR: XX% CAGR: XX% CAGR: XX%

2021: $ XX Million 2021: $ XX Million 2021: $ XX Million
2028: $ XX Million 2028: $ XX Million 2028: $ XX Million
Note: The CAGR values mentioned in the figure have been estimated from 2021 to 2028.
Based on geography, the global factory automation market is segmented into North America, Europe, Asia - Pacific (APAC),
Middle East & Africa (MEA), and South America. Asia Pacific held the largest market share in 2021, followed by North
America and Europe. APAC is also anticipated to register the highest CAGR in the market during the forecast period.
Government initiatives and policies supporting the digitization of manufacturing plants are the significant factors boosting
the uptake of factory automation solutions in this region. For instance, under Made in China 2025, the Chinese
government has released a five-year smart manufacturing development plan to digitize XX% of the country’s large
enterprises. Also, to automate manufacturing facilities, various countries are installing industrial robots. For instance,
according to the International Federation of Robotics (IFR), in 2020, China installed 154,000 industrial robots. Similarly,
South Korean robot installation increased by 2% to 31,083 units in 2021.
39
6.2 Global Factory Automation Market Forecast and Analysis

The global factory automation market was valued at US$ 146,673.9 million in 2021; it is expected to grow at a CAGR of
XX% during the forecast period, to reach US$ 249,290.7 million by 2028.
Figure 8. Global Factory Automation Market, Forecast and Analysis (US$ Million)
XX XX% XX%
XX%
XX% XX%
XX%
XX XX%
XX% XX% XX%
XX%
XX%
XX
XX%
2,49,290.70
XX -XX%
1,46,673.90
-XX%
XX
XX
XX
XX
XX
XX
XX
XX
XX
-XX%
-XX% -XX%
XX
-XX%
XX -XX%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Table 1. Global Factory Automation Market, Revenue and Forecast, 2019–2028 (US$ Million)
CAGR (2022–
Particulars 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
2028)
Revenue
XX XX 1,46,673.9 XX XX XX XX XX XX 2,49,290.7 XX%
(US$ Mn)
40
6.3 Market Positioning- Top Five Players

Figure 9. Market Positioning- Top Five Players
The top five key players operating in the global factory Automation market are Emerson Electric Co., Schneider ABB,
Siemens AG, and Honeywell. The market is highly consolidated with several prominent players catering to domestic and
01 02
international demand. Further, these companies are also focusing on acquiring new start-up companies to retain their
position in the global factory automation market that is also enabling these vendors to increase their geographical 03
foothold in the marketplace.
The listing of five key players based on a common criterion such as revenue is not feasible. Hence, we have derived this
listing of “Key Five Players” in the factory automation market by giving weightage to following key parameters: overall
revenue, segmental revenue, brand image & industry experience, current product portfolio, innovative and advanced
technology integration/enhancements, customer base, geographical reach, new product launches, partnerships, mergers
& acquisitions, and other market related activities.
41
7. Factory Automation Market Analysis – By Component

7.1 Overview
Automating entire production processes is referred to as factory automation. Automation frequently uses hydraulic,
pneumatic, and robotic arms in production environments to build increasingly complicated systems. Automation can
assist enhance outputs and efficiency while lowering costs in today's competitive environment. It is also made to reduce
human operators' risks when handling dangerous equipment significantly Factory automation uses the technologies such
as computer software to control machinery and processes which replace human beings in performing specific function.
The factory automation industry in North America has been revolutionized by combining the digital and physical aspects
of manufacturing. The factory automation market based on component is segmented into hardware and software. In
2021, the hardware segment accounted for a larger share in the market. The rapid adoption of robots across several
industries such as automotive, manufacturing, food & beverage, and energy to automate various production processes
in catalyzing the growth of the segment. Moreover, small & medium manufacturing plants across the region are increasing
their adoption of sensors, controllers, and switches for automating tasks like temperature control, pressure control, and
real-time machine update amongst others. However, the software segment is expected to grow with a higher CAGR over
the forecast period.
7.2 Factory Automation Market, By Component (2021 and 2028)

In terms of market share, the market was dominated by hardware segment which accounted for XX% of the total market
share in 2021 and is expected to reach XX% of the market share by 2028. The figure shown below shows the market
breakdown for the factory automation market by component for the years 2021 and 2028.
Figure 10. Factory Automation Market Revenue Share, by Component (2021 and 2028)
XX
XX%
Hardware
Software
XX%
XX

Note: Inner circle represent market shares for 2021 and outer circle represent market shares for 2028.
42
7.3 Hardware
7.3.1 Overview
Hardware used in factory automation are sensors, controllers, robots, drives, communication infrastructure, switches and
relays, and timers which make factories work more efficiently and effectively. Hardware plays a major role in
manufacturing and process production. Examples like sensors in factory automation systems are used to detect and
measure physical properties such as temperature, pressure, flow rate, and presence or absence of something help in
efficiency for the company. In June 2022, Honeywell International Inc., introduced Experion PKS Release 520.2. The
framework comprises of new interaction of automation elements and usefulness. It likewise assists in extending the
usefulness of control with hiving, it permits computerization undertakings to be conveyed in a more adaptable and
versatile way. Innovation in hardware is an essential for supplementing and satisfying any critical mechanical
improvement in the business. The integration of automated systems are helping in reducing the production time of
commodities across factories and ensuring safety of factory workers according to labor safety norms across the region.
Konecranes for instance, supplies automated cranes to the automotive industry in global. The automated systems offered
by the company is designed with centered hook, active sway control features and snag prevention for ensuring safety
and enhancing production.
7.3.2 Hardware: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
The factory automation market for hardware segment was valued at US$ 102,911.6 million in 2021 and is expected to
grow at a CAGR of 7.8% during the forecast period to reach US$ 169,615.0 million by 2028.
Figure 11. Hardware: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
43
8. Factory Automation Market Analysis – By Hardware

8.1 Overview
The hardware segment is further segmented into sensors, controllers, robots, drives, and other hardware components.
In the factory automation, sensors and controllers play a vital part to make the products intellectual and exceptionally
automatic. These enable individuals to track, examine, and process a variety of changes that take place at industrial
manufacturing sites, such as variations in temperature, motion, pressure, altitude, external environment, and security.
In 2021, the robot segment accounted for the largest share in the factory automation market and is also expected to
grow with the highest CAGR over the forecast period. This growth is attributed by the rising demand for robots from various
industries for automating processes coupled with the rise in investment by robotic manufacturers to develop advanced
industry specific solutions.
8.2 Sensors
8.2.1 Overview
Sensors used for factory automation applications that generates an output (signal) in response to a specific conditions.
Factory automation is currently entering its fourth revolution, known as Industry 4.0, and is thus a key component of the
industrial Io megatrend (1IoT) with rising demands for sustainable manufacturing and quickening technical advancement,
industrial companies are confronting heightened worldwide competitiveness. The secret is to digitize production
processes so that they are more intelligent, adaptable, economical, and ecologically friendly. Sensors can help secure
full control of industrial automation systems with measurement of, for example, position and displacement, thus enabling
effective monitoring, predictive maintenance, breakdown prevention, and downtime minimization – all leading to savings
and profit. Sensors in factory automation are of various type which are temperature sensor, pressure sensor, and MEMS
sensor. According to Mercedes-Benz, a leading automotive manufacturer, sensors forms an integral part across their
production line specially in forklifts and enhances the overall production efficiency by 15%. These factors are influencing
the growth of the sensors segment in the global factory automation market.
8.2.2 Sensors: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
The factory automation market for sensors segment was valued at US$ XX million in 2021 and is expected to grow at a
CAGR of XX% during the forecast period to reach US$ XX million by 2028.
44
Figure 12. Sensors: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
45
9. Factory Automation Market Analysis – By Type

9.1 Overview
Based on type, the factory automation market is segmented into programmable automation, fixed automation, and
flexible automation. The rising adoption of industry 4.0 trends and IoT-enabled smart technologies has raised the demand
for factory automation. Fixed automation segment led the market in 2021. This growth is attributed by the rising demand
for fixed automation solutions for industries such as automotive and chemicals. However, the flexible automation
segment is expected to grow with the highest CAGR over the forecast period.
9.2 Programmable Automation

9.2.1 Overview
As with numerically controlled machinery and programmable automation, it is feasible to adapt to the change in the order
of operation using a robot. It can modify the program to accommodate new products. Those systems are hence suitable
for batch manufacturing. The goods are produced in batches between a few dozen and a few thousand pieces. Each new
production machinery must be reprogrammed and converted to the required batch type and new product design. It takes
time to complete this reprogramming and switchover, and there is a production run for each new product, followed by a
period of inactivity batch. Programmable automation often has lower production rates over fixed automation as the
machines have to be set in required specifications of batch and product thereby increasing the machine downtime.
9.2.2 Programmable Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
The factory automation market for programmable automation segment was valued at US$ XX million in 2021 and is
expected to grow at a CAGR of XX% during the forecast period to reach US$ XX million by 2028.
Figure 13. Programmable Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
46
10. Factory Automation Market Analysis – By Technology

10.1 Overview
Based on technology, the factory automation market is segmented as programmable logic controller (PLC), distributed
control system (DCS), supervisory control and data acquisition (SCADA), Human-Machine Interface (HMI), and others. A
PLC can manage the logic statement's binary input and output, which are stored in its memory. DCS is a computerized
control system for a process or plant that has a high number of control loops and is controlled by a central supervisory
operator despite having an autonomous controller distributed throughout the system. Moreover, large number of
businesses in the public and private sectors use SCADA systems to regulate and maintain efficiency and notify system
problems to reduce downtime. Further, HMI allows workers in the factories to perform their tasks with the help of concise
automation equipment via an interface instead of levers, switches, relays, timers, etc. Furthermore, under others segment
we have considered manufacturing execution system, remote terminal unit, and advance process control.
10.2 PLC
10.2.1 Overview
Programmable logic controller (PLC) is a logic control device used for factory automation to process the program coded
and control the hardware outputs and inputs connected to it accordingly. The PLC is used for automating a particular
operation of a plant or system as it continuously monitors and receives information from input devices or sensors,
processes the information, and triggers the connected output devices, to complete the task in the industrial process or
machinery. In the manufacturing industries, there is an increasing demand for customized PLC programming solutions
that help industries design their controller package for small, medium, and large machines. The adoption of PLCs has
increased for reducing human decision-making efforts to gain higher efficiency and thus, propelling the market growth.
10.2.2 PLC: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
The factory automation market for PLC segment was valued at US$ XX million in 2021 and is expected to grow at a CAGR
of XX% during the forecast period to reach US$ XX million by 2028.
47
Figure 14. PLC: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
48
11. Factory Automation Market Analysis – By Industry Vertical

11.1 Overview
Based on the industrial vertical, the factory automation market is segmented as automotive, food and beverages, oil and
gas, manufacturing, mining, and others. Automotive is anticipated to continue drive the factory automation market by
industry vertical segment owing to the significant adoption industrial robotic technology for manufacturing automotive
parts.
11.2 Automotive
11.2.1 Overview
The automotive industry introduces more advanced robots and brings about other progressive technologies. The
automotive manufacturing industry has long been one of the quickest and most significant adopters of industrial robotic
technology. As collaborative robots, robotic arms, and IoT are already generating a considerable part of automobiles, and
robots are used in nearly every part of automotive manufacturing in one way or another. It remains one of the most highly
automated supply chains in the world. Increasing demand for cars worldwide puts pressure on the transportation and
automotive sectors to raise production. More production will require investing in machinery, such as robotic welding arms,
which increases the speed and accuracy of the vehicle-building process. Hence, this segment's growth is contributed by
increasing vehicle demand in emerging economies and increasing adoption of electric vehicles across the globe.
11.2.2 Automotive: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
The factory automation market for automotive segment was valued at US$ XX million in 2021 and is expected to grow at
a CAGR of XX% during the forecast period to reach US$ XX million by 2028.
Figure 15. Automotive: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
49
12. Factory Automation Market – Geographic Analysis

12.1 Overview
The global factory automation market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East
& Africa (MEA), and South America (SAM).
Figure 16. Global Factory Automation Market Revenue Share, by Region (2021 and 2028)
XX XX
XX%
XX%
XX
North America
XX%
Europe
APAC
XX XX%
MEA
XX% SAM
XX
Source: The Insight Partners Analysis, Primary Interviews, Magazines and Journals, and Secondary Sources
Note: Inner circle represent market shares for 2021 and the outer circle represents market shares for 2028.
APAC dominated the factory automation in 2021 with a share of XX% it would continue to dominate the market during
the forecast period and account for XX% share by 2028. North America is the second-largest contributor to the global
factory automation market followed by the Europe.
50
12.2 North America: Factory Automation Market

The North America factory automation market is segmented into the US, Canada, and Mexico. North America has been a
pioneer in adopting advanced technologies across all industry verticals since the last decade. This rise in adoption of
advanced technologies across industries is catalyzed by the increasing benefits of automation across factories and its
spreading awareness among small & medium businesses. Automation is aiding the factories in reducing their overall
operational cost and time taken for production and assembling processes, thereby increasing the production value year-
on-year.
The constant adoption of automation across countries such as the US and Canada has helped companies grow by
improving resilience against economic disruption. Robotics has experienced a rise in investment since 2017. According
to Jay Jacobs, the CFA of Global X, the industrial robots market is expected to grow from US$ XX billion to US$ XX billion
by 2030 The Association for Advancing Automation (A3) stated that the US ordered approximately 29,000 robots in the
first nine months of 2021, representing a XX% increase compared to the same period in 2020.
12.3 Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
The North America factory automation market was valued at US$ XX million in 2021 and is projected to reach US$ XX
million by 2028; it is expected to grow at a CAGR of XX% from 2021 to 2028.
Figure 17. North America: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)
XX XX% XX%
XX%
XX% XX%
XX%
XX XX%
XX% XX% XX%
XX%
XX%
XX
XX%
XX XX -XX%
-XX%
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
-XX%
-XX% -XX%
XX
-XX%
XX -XX%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
51
12.3.1 North America: Factory Automation Market, by Key Country

The breakdown of the factory automation market based on key countries in North America is shown in the figure below:
Figure 18. North America: Factory Automation Market Revenue Share, by Key Country (2021 and 2028)
XX
XX%
XX
XX%
US
Canada
Mexico
XX%
XX
Note: Inner circle represent market shares for 2021 and outer circle represent market shares for 2028.
52
12.3.1.1 US: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. US: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
The factory automation market in the US was valued at US$ XX million in 2021 and is projected to reach US$ XX million
by 2028; it is expected to grow at a CAGR of XX% during the forecast period.
The US accounted for the largest share of the North America factory automation market in 2021. This growth is attributed
to the rise in investment by several industry verticals across the country to automate their manufacturing processes.
Manufacturing, automotive, and food and beverages are the major industries across the region investing in automating
their production plants over the years. For instance, in July 2022, PepsiCo announced its intentions to build a 152-acre
automated production facility in Denver, which is expected to be operational from September 2023. Similarly, over the
years, Nestle has adopted several automated solutions for manufacturing, packing, and assembling its products. Such
investments are expected to contribute to the rise in demand for factory automation solutions across the country.
Moreover, the increasing government initiative across the country to promote the adoption of automation across
production facilities through various incentive schemes such as Quality Jobs Tax Credit and Qualified Facility for
Refundable Tax Credits is further expected to boost the US factory automation market growth.
12.3.1.1.1 US: Factory Automation Market, by Component
Table 2. US: Factory Automation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
CAGR
Component 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (2022–
2028)
Hardware XX XX XX XX XX XX XX XX XX XX XX%
Software XX XX XX XX XX XX XX XX XX XX XX%
The factory automation market for the hardware segment was worth US$ XX million in 2021 and is projected to reach
US$ XX million by 2028; it is expected to grow at a CAGR of XX% during the forecast period. The market for the software
53
segment is estimated to be worth US$ XX million by 2028 and is expected to grow at a CAGR of XX% during the forecast
period.
12.3.1.1.2 US: Factory Automation Market, by Hardware
Table 3. US: Factory Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
CAGR
Hardware 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (2022–
2028)
Sensors XX XX XX XX XX XX XX XX XX XX XX%
Controllers XX XX XX XX XX XX XX XX XX XX XX%
Robots XX XX XX XX XX XX XX XX XX XX XX%
Drivers XX XX XX XX XX XX XX XX XX XX XX%
Others XX XX XX XX XX XX XX XX XX XX XX%
The factory automation market for the robots segment was worth US$ XX million in 2021 and is projected to reach US$
XX million by 2028; it is expected to grow at a CAGR of XX% during the forecast period.
12.3.1.1.3 US: Factory Automation Market, by Type
Table 4. US: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$ Million)
CAGR
Type 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (2022–
2028)
Programmable
XX XX XX XX XX XX XX XX XX XX XX%
Automation
Fixed
Automation
Flexible
Automation
The factory automation market for the fixed automation segment was worth US$ XX million in 2021 and is projected to
reach US$ XX million by 2028; it is expected to grow at a CAGR of XX% during the forecast period. The market for the
flexible automation segment is estimated to be worth US$ XX million by 2028 and is expected to grow at a CAGR of XX%
during the forecast period.
54
12.3.1.1.4 US: Factory Automation Market, by Technology
Table 5. US: Factory Automation Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
CAGR
Technology 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (2022–
2028)
Programmable
Logic
Controller
(PLC)
Distributed
Control System XX XX XX XX XX XX XX XX XX XX XX%
(DCS)
Supervisory
Control and
Data
Acquisition
System
(SCADA)
Human
Machine XX XX XX XX XX XX XX XX XX XX XX%
Interface (HMI)
The factory automation market for the supervisory control and data acquisition system (SCADA) segment was worth US$
XX million in 2021 and is projected to reach US$ XX million by 2028; it is expected to grow at a CAGR of XX% during the
forecast period.
12.3.1.1.5 US: Factory Automation Market, by Industry Vertical
Table 6. US: Factory Automation Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
CAGR
Industry
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 (2022–
Vertical
2028)
Automotive XX XX XX XX XX XX XX XX XX XX XX%
Food &
Beverage
Oil & Gas XX XX XX XX XX XX XX XX XX XX XX%
Manufacturing XX XX XX XX XX XX XX XX XX XX XX%
Mining XX XX XX XX XX XX XX XX XX XX XX%
The factory automation market for the manufacturing segment was worth US$ XX million in 2021 and is projected to
reach US$ XX million by 2028; it is expected to grow at a CAGR of XX% during the forecast period. The market for the
automotive segment is estimated to be worth US$ XX million by 2028 and is expected to grow at a CAGR of XX% during
the forecast period.
55
13. Factory Automation Market- COVID-19 Impact Analysis

13.1 Overview
The impact of the COVID-19 pandemic on various industries, such as military, defense, aerospace, automotive, and
manufacturing, has been severe. Due to the temporary halt across various production facilities, the procurement of
factory automation had been impacted. The lockdowns impacted the global manufacturing sectors. They also influenced
supply chains and logistics, owing to complete or partial halting of operations in various countries. The pandemic was the
key reason for supply chain disruptions, loss of production, and declined revenue for several enterprises globally.
Companies operating in this market had to make tough choices for sustaining during the pandemic and the post-
pandemic recovery period as the demand for factory automation solution was very low due to the lockdown. For instance,
the automotive sector recorded a XX% decline in manufacturing in 2020, owing to the spread of COVID-19. Because of
these the companies were severely impacted, this further resulted in a negative impact on the factory automation market.
However, after the restart of manufacturing facilities with some restriction in Q3 of 2020, the demand for automation
solutions raised. Also, as the companies were operating with limited workforce the adoption of robotics and automation
solutions in manufacturing facilities increased to increase production levels with minimum risk and exposure of workers
to coronavirus. As economies reopened and industries began their operations in 2021, the demand for automation
solutions gradually rose, which is expected to grow more during the forecast period.
13.2 North America

The COVID-19 outbreak negatively impacted the factory automation market across North America in the first quarter of
2020, owing to stringent government regulations such as social distancing norms and the temporary closure of
manufacturing facilities to combat the rapid spread of the virus. The North America factory automation market
experienced a dip of -XX% owing to the spread of COVID-19. However, the region experienced a rise in demand for
automated solutions from Q2 of 2020 as the government bodies eased their restrictions and allowed manufacturing
units to operate with low capacity. The rise in labor shortage and the requirement to adhere to the safety norms outlined
by the regional government bodies positively influenced the demand for automated solutions across industries such as
automotive, food and beverages, printing, manufacturing, and mining. Thus, this rise in demand for automated solutions
across the region is aiding the market to revive from the negative impact of the COVID-19 outbreak.
Companies to continue production operations with less workforce even post COVID-19 have influenced the increased
investment in automated technologies like robots. For instance, according to the data published by Association for
Advancing Automation (A3) in 2022, North America experienced a rise of XX% in the number of robots sold in 2021
compared to 2020. The Association also mentioned some industry-wise robotic adoption growth in North America in 2021
compared to 2020. The statistics are given below.
• Food and Consumer Goods: up by 29%
• Metals: up by 91%
• Plastics and Rubber: up by 4%
56
• Pharma/Life Sciences/Biomed: up by 4%
• Semiconductors and Electronics/Photonics: up by 2%
Hence, the rise in adoption of automated solutions across the industries mentioned above helped the rapid revival of the
North America factory automation market in 2021. The figure below shows the impact of COVID 19 pandemic on the
North American Countries:
Figure 20. Impact of COVID-19 Pandemic in North America Country Markets
Assessment of Regional Impact
US
Canada
Mexico
Low Impact High Impact

57
14. Industry Landscape

14.1 Overview
The industry landscape chapter gives a brief knowledge about product developments, partnerships, mergers and
acquisitions, and collaboration strategies implemented by various companies. With these strategies, the companies
enhance their product offerings and footprint globally across industries, thereby boosting their annual growth.
14.2 Market Initiative

Market initiative is a strategy basically adopted by the companies to expand their footprint across the world and meet the
growing demand of their customers. The market players present in the well completion market are mainly focusing on
development of advanced and efficient products. By signing partnership, contracts, joint ventures, funding, and
inaugurating new offices across the world permit the company maintain its brand name globally. Most of the market
initiative were observed in North America, APAC and Europe regions.
Year News Region

ABB and SKF have announced that they are collaborating in the automation of manufacturing processes.
2022 Through this collaboration the companies will identify and evaluate solutions to improve manufacturing Europe
capabilities.
58
14.3 Merger and Acquisition

The larger firms are adopting the strategy of acquiring and collaborating with various companies to enhance their
capabilities and expand their footprint in different geographies. This type of strategy allows the companies to strengthen
their footprint in the market and maintain their brand image.
Year News Region

Accenture announced that they will be acquiring Eclipse Automation, a provider of manufacturing
2022 automation and robotics solutions in Canada. The acquisition will help the company to expand its North America
automation portfolio in the market.
14.4 New Product Launch

The larger firms are launching new product variants to enhance their capabilities and expand their footprint in different
geographies. This allows the companies to strengthen their footprint in the market and maintain their brand image.
Year News Region

Fanuc Corporation announced the launch new FANUC SCARA robots for food and cleanroom applications.
The FANUC SR-3iA/C and SR-6iA/C are fast and precise SCARA robots making it ideal for use in food
2022 Asia Pacific
plants and cleanrooms. The robots also consist of white epoxy coating for extra durability and an IP54
protection guarding against the ingress of contamination from dust and water spray.
59
15. Company Profiles

15.1 ABB Ltd
15.1.1 Key Facts
ABB Ltd
Founded 1988
Corporate Address Affolternstrasse 44, CH-8050 Zurich, Switzerland
Telephone +41 43 317 71 11
URL https://global.abb/
Location APAC, Europe, Middle East and Africa, North America, South and Central America
Exchange Ticker Symbol NYSE: ABB
Number of Employees 110000
Fiscal Year End Dec-2021
15.1.2 .Business Description

ABB Ltd was founded in 1988. It is one of the world's leading engineering companies, which helps customers use
electrical power effectively and increase industrial productivity sustainably. ABB is a leading global technology company
that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting
software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to
drive performance to new levels. The company is pioneer in power and automation technologies that enable utility and
industry customers to improve performance while lowering environmental impact. It has served utility and industry
customers for over 50 years with a complete range of engineering, products, solutions, and services in automation and
power technology. ABB scientists and technologists are continually innovating a comprehensive range of products,
systems and services that increase energy efficiency, reliability and productivity for industrial, utility and infrastructure
customers. The company serves various industries such as power generation, oil and gas, marine & ports, industrial
automation, and building & infrastructure. ABB's process automation business offers a wide range of solutions for process
and hybrid industries. This offerings includes integrated automation, control technologies, electrification and digital
solutions, software and advanced services, measurement & analytics, and marine and turbocharging.
60
15.1.3 Products and Services

Product Category Product Name Description
Under DCS, the company offers ABB Ability System 800xA, ABB Ability Symphony
Plus, and Freelance Distributed Control System. The system is designed to monitor
Control Systems Distributed Control Systems (DCS)
and drive plant productivity, maximizing asset utilization, process efficiency and
production quality. In addition, it helps in reducing environmental impact.
The company offers AC500, AC500-eCo, AC500-S and AC500-XC PLCs for small,
Programmable Logic Controllers
PLC Automation medium and high-end applications. They are ideal for high availability, condition
PLCs
monitoring, extreme environments, motion control or safety solutions.
15.1.4 Financial Overview

ANNUAL REVENUE ($ BN)
28.94
27.98
26.13
2019 2020 2021
REVENUE BY BUSINESS SEGMENT, 2021(%)
23.92 Motion
45.56 Process Automation
Robotics & Discrete Automation

21.62
Electrification
11.39
61
R&D EXPENSES ($ BN)
1.22
1.19
1.13
2019 2020 2021
REVENUE BY GEOGRAPHY, 2021(%)
30
33.61 Rest of AMEA
Europe
The Americas
36.37
Source: Press Release, Newsletters, and Company Annual Report
62
15.1.5 SWOT Analysis
S W O T
STRENGTH WEAKNESSES OPPORTUNITIES THREATS
• ABB Ltd. is highly • XX • XX • XX

intensive on
technological
development to drive its
competitiveness in the
market. For the year
2021, the company
invested US$ 1.22 Bn on
R&D activities which is
4.2% of the total
consolidated revenue of
ABB Ltd. during the year.
The company has two
research laboratories in
which one laboratory
focus on automation
technologies, whereas,
other on power
technologies and both
works to bring innovation
in technologies in its four
business divisions. ABB
also has its corporate
research centers in India,
Switzerland, China,
Poland, Germany,
Sweden, and the U.S.
These investments help
the company to develop
innovative product and
strengthen its existing
product portfolio. The
strong emphasis on
providing tailored
solutions is supporting
the company in gaining a
strong market position by
attracting more
customers.
63
15.1.6 Key Developments

Date Development Category Description
ABB and SKF are collaborating in the Through this collaboration the companies will identify and
Jul-2022 Collaboration
automation of manufacturing processes evaluate solutions to improve manufacturing capabilities.
Source: Press Release, Newsletters, and Company Annual Report
64
16. Appendix
16.1 About The Insight Partners
The Insight Partners is a one market research provider of actionable technologies. We help our clients in getting
technologies to their research requirements through our syndicated and consulting research services. We are specialist
in industries such as Automotive & Transportation, Electronics & Semiconductors, Aerospace & Defense, Construction &
Manufacturing, and Business Model, Media, and Telecommunications.
Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through
our research content, we are making sure that our customers get value of their money along with better quality data and
analysis.
Our research content is predominantly focused on market trends in terms of market sizing, competitive landscaping,
company analysis, regional or country analysis etc. We provide detailed break-up of segmentation in terms of geography,
Business Model, product, and services etc., which helps our clients to get a deeper analysis on various research topics.
16.2 Word Index

Table 7. List of Abbreviation
Abbreviation Expansion
Mn Million
Bn Billion
APAC Asia Pacific
MEA Middle East and Africa
SAM South America
US$ United States Dollar
US United States
UK United Kingdom
UAE United Arab Emirates
PEST Political, Economic, Social, and Technological
SATCOM Satellite Communication
UAVs Unmanned Aerial Vehicles
AISR Airborne Intelligence, Surveillance, and Reconnaissance
COTM Communications on the Move
UCS Union of Concerned Scientists
OEMs Original Equipment Manufacturers
GX Global Xpress
65
WGS Wideband Global Satcom
AOR Area of Responsibility
OTM On-The-Move
NAVAIR Naval Air Systems
ISR Intelligence, Surveillance, and Reconnaissance
HADR Humanitarian Aid, and Disaster Relief
IoT Internet of Things
BLoS beyond-line-of-sight
SWaP Size, Weight, and Power
ICAO International Civil Aviation Organization
EU European Union
GDP Gross Domestic Product
IMF International Monetary Fund
MRO maintenance, repair and operations
GAMA General Aviation Manufacturers Association
EDA European Defense Agency
HAL Hindustan Aeronautics Limited
GoM Government of Mauritius
AVIC Aviation Industry Corporation of China
MPT Multipurpose Terminal
UAV Uncrewed Air Vehicle
ADAIR Adversary Air
AFRL Air Force Research Laboratory
AFIRS Automated Flight Information Reporting System
SAAF South African Air Force
SACAA South African Civil Aviation Authority
AWACS Airborne Warning and Control System
RSAF Royal Saudi Air Force
YGS Yahsat Government Solutions
SOTM SATCOM On-The-Move
AESA Active Electronic Scanned Array
ITA International Trade Administration
UHF Ultra-High Frequency
66
MoD Ministry of Defence
VISION Visual Integrated Satellite Communications Information, Operation, and Networking
IFC In-Flight Connectivity
LAC Line of Actual Control
BEL Bharat Electronics Limited
SIPRI Stockholm International Peace Research Institute
VHF Very High Frequency
HF High Frequency
IF Intermediate Frequency
MALE Medium Altitude Long Endurance
HALE High-Altitude Long Endurance
R&D Research and Development
67
CONTACT US
If you have any queries about this report or would like further information, please contact us:
North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686
Email: sales@theinsightpartners.com
DISCLAIMER
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means,
electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher, “The Insight
Partners.”
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Global Factory Automation Market to 2028 www.theinsightpartners.

Global Factory Automation Market

1.2 The Insight Partners Research Report Guidance ....................................................................... 28

1.3 Market Segmentation .................................................................................................................. 29

2. Key Takeaways ..................................................................................................... 31

3.2 Secondary Research .................................................................................................................... 35

3.3 Primary Research ......................................................................................................................... 35

4. Factory Automation Market Landscape ................................................................. 37

4.2 PEST Analysis ................................................................................................................................ 38

4.2.1 North America.............................................................................................................................. 38

4.2.3 Asia Pacific .................................................................................................................................. 39

4.2.4 Middle East and Africa ................................................................................................................ 39

4.2.5 South America ............................................................................................................................. 40

4.3 Ecosystem Analysis ...................................................................................................................... 40

4.4 Expert Opinion .............................................................................................................................. 41

5. Factory Automation Market - Key Market Dynamics ............................................... 42

5.1.1 Rising Adoption of Factory Automation Across Automotive Industry........................................ 42

5.1.2 Increasing Number of Product Launches .................................................................................. 42

5.2 Market Restraints ......................................................................................................................... 43

5.2.2 Cybersecurity Risks Through Cobots .......................................................................................... 43

5.3 Market Opportunities ................................................................................................................... 44

5.3.1 Growing Collaborative Partnerships Between Companies ....................................................... 44

5.4 Future Trends ............................................................................................................................... 44

5.4.1 Automation in Mining Industry ................................................................................................... 44

5.5 Impact Analysis of Drivers and Restraints .................................................................................. 45

6. Factory Automation Market – Global Market Analysis............................................ 46

6.2 Global Factory Automation Market Forecast and Analysis ........................................................ 47

6.3 Market Positioning- Top Five Players .......................................................................................... 48

7. Factory Automation Market Analysis – By Component ........................................... 49

7.2 Factory Automation Market, By Component (2021 and 2028) ................................................ 49

7.3.1 Overview ...................................................................................................................................... 50

7.4 Software ........................................................................................................................................ 51

7.4.1 Overview ...................................................................................................................................... 51

8. Factory Automation Market Analysis – By Hardware .............................................. 52

8.2 Factory Automation Market, By Hardware (2021 and 2028).................................................... 52

8.3 Sensors ......................................................................................................................................... 53

8.3.1 Overview ...................................................................................................................................... 53

8.4.1 Overview ...................................................................................................................................... 54

8.5 Robots ........................................................................................................................................... 55

8.5.1 Overview ...................................................................................................................................... 55

8.6 Drives ............................................................................................................................................ 56

8.6.1 Overview ...................................................................................................................................... 56

8.7 Others ............................................................................................................................................ 57

8.7.1 Overview ...................................................................................................................................... 57

9. Factory Automation Market Analysis – By Type ...................................................... 58

9.2 Factory Automation Market, By Type (2021 and 2028) ............................................................ 58

9.3 Programmable Automation .......................................................................................................... 59

9.3.1 Overview ...................................................................................................................................... 59

9.3.2 Programmable Automation: Factory Automation Market – Revenue, and Forecast to

9.4 Fixed Automation .......................................................................................................................... 60

9.4.1 Overview ...................................................................................................................................... 60

9.5 Flexible Automation ...................................................................................................................... 61

9.5.1 Overview ...................................................................................................................................... 61

10. Factory Automation Market Analysis – By Technology............................................ 62

10.2 Factory Automation Market, By Technology (2021 and 2028) ................................................. 62

10.3 PLC ................................................................................................................................................ 63

10.3.1 Overview ...................................................................................................................................... 63

10.4 DCS ................................................................................................................................................ 64

10.4.1 Overview ...................................................................................................................................... 64

10.5 SCADA ........................................................................................................................................... 65

10.5.1 Overview ...................................................................................................................................... 65

10.6 HMI ................................................................................................................................................ 66

10.6.1 Overview ...................................................................................................................................... 66