Market Overview

Global Factory Automation Market 2018-2025 by Control & Safety System, Component and Industry Vertical - ResearchAndMarkets.com

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The "Factory
Automation Market by Control and Safety System, Component and Industry
Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2025"

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According to the report, the global factory automation market accounted
for $190,882.2 million in 2017, and is expected to reach $368,372.4
million by 2025, registering a CAGR of 8.8% from 2018 to 2025.

In 2017, the factory automation market in Europe dominated the global
market share in terms of revenue by accruing 35.5% share, which was
followed by Asia-Pacific.

The market is driven by factors such as rise in demand for mass
production in manufacturing industries that minimizes operational cost.

Moreover, adoption of Industry 4.0 to promote smart manufacturing units
that have minimal energy requirements has supplemented the market growth.

However, limited inflow of funds, high investment in implementation of
factory automation systems, and dearth of professionals are expected to
hamper the growth of the global factory automation market.

The supervisory control and data acquisition system (SCADA) segment
accounted for the highest share of about 22% in the global market in
2017 and is expected to grow at a CAGR of 9.1% during the forecast
period.

Among industry verticals, the automotive manufacturing sector is
expected to be the leading revenue contributor in the coming years,
owing to the increasing trend of automating processes to reduce human
intervention, improve accuracy, reduce errors, and optimize redundant
tasks.

The industrial robots segment accounted for a major share of about 31%
of the global market in 2017. The adoption of industrial robots has
increased in in developing economies owing to factors such as rapid
urbanization, technological advancements, availability of cheap labor,
and low manufacturing costs.

Asia-Pacific is one of the fastest growing regions in the global factory
automation market. It is expected to witness higher growth rate during
the forecast period, owing to supportive government policies, increased
investment by key companies for expansion of business, and low
manufacturing & labor cost.

Prominent players have focused on developing new products and acquiring
small businesses to sustain the competition and expand their market
presence.

Key Findings

  • In 2017, the automotive manufacturing segment dominated the global
    factory automation market, in terms of revenue, and is projected to
    grow at a CAGR of 9.5% during the forecast period.
  • The supervisory control and data acquisition system (SCADA) segment is
    projected to grow at a CAGR of 9.1% during the forecast period.
  • Asia-Pacific is projected as one of the fastest growing markets for
    factory automation, and is expected to witness significant growth rate
    in the near future.

Key Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Factory Automation Market, By Control and Safety System

Chapter 5: Factory Automation Market, By Component

Chapter 6: Factory Automation Market, By Industry Verticals

Chapter 7: Factory Automation Market, By Region

Chapter 8: Company Profiles

  • ABB, Ltd.
  • Emerson Electric Co.
  • General Electric Company
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric S.E.
  • Siemens AG
  • Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/research/fkrlc5/global_factory?w=4

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