Industrial Control & Factory Automation Market worth $399.12 Billion by 2029, at a CAGR of 9.3%
The global Industrial Control & Factory Automation Market in terms of revenue is estimated to be worth $255.88 billion in 2024 and is poised to reach $399.12 billion by 2029, growing at a CAGR of 9.3% during the forecast period.
The report " Industrial Control & Factory Automation Market by Technology (SCADA, DCS, HMI, MES, PAM, WMS, Industrial Robotics, 3D Printing, CNC Controller, Process Analyzer, Flow meter, Communication, Predictive Maintenance, Machine Safety) - Global Forecast to 2029" The global industrial control & factory automation market is anticipated to grow from USD 255.88 billion in 2024 to USD 399.12 billion by 2029, at a CAGR of 9.3% during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541
Browse 160 market data Tables and 60 Figures spread through 336 Pages and in-depth TOC on "Industrial Control & Factory Automation Market"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html
Several key factors are driving the Industrial Control and Factory Automation Industry, including increased IoT and Al integration in industrial environments, a growing emphasis on operational efficiency and productivity, and significant and ongoing government investments in 3D printing technologies, all of which are contributing to market growth. With the emergence of new technologies in firms, regulatory compliance regarding industrial solutions of immense significance is also involved. There is a growing need for innovative techniques to reduce production downtime and waste. For instance, the use of real-time data analytics in factories help companies optimize operations hence efficiency while reducing production waste.
Distributed control system (DCS) segment is expected to account for the largest share of the Industrial control & factory automation market during the forecast period.
The industrial control system further segmented into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Industrial PC, Human Machine Interface. A distributed control system (DCS) is expected to account for the largest share, which is an industrial automation solution primarily deployed in process industries to facilitate plant control through a distributed network of supervisory and control elements. DCS systems are vital for optimizing operational processes by distributing control across various plant sections. The market for DCS is driven by the need for operational efficiency, integration of advanced technologies, regulatory compliance, and the expansion of industrial infrastructure.
Aerospace industry segment to exhibit highest CAGR in the forecast year.
As the need for both commercial and defense aircraft grows, manufacturers are turning to enhanced automation to reach production targets more effectively. Automated systems enhance safety and precision in vital activities such as navigation and propulsion, greatly decreasing human error. Furthermore, automation is critical for cost management, speeding production processes like as assembly and testing, and maximizing the usage of innovative materials such as composites. The use of Al-driven digital twins improves real-time monitoring by increasing reliability and minimizing downtime.
Asia Pacific is expected to hold the largest market share of the industrial control & factory automation market during the forecast period.
The growth of industrial control & factory automation market in Asia Pacific can be attributed to rapid industrialization, commercialization of IIoT applications and increasing adoption of industrial robot. Asia Pacific is a manufacturing hub; hence, motor vehicle suppliers, such as Toyota (Japan), Renault-Nissan (Netherlands), and Daimler (Germany), Volkswagen (Germany), and local manufacturers, such as Tata Motors (India) and Hyundai Motors (South Korea), invest heavily in the smart factory market in Asia Pacific. The majority of prominent manufacturers from various industries have relocated their manufacturing operations to Asia Pacific due to the region's low labor costs and availability of trained workers. Furthermore, governments across the area are encouraging Industry 4.0 and Industrial control & factory automation efforts through laws, incentives, and subsidies. Programs such as Made in China 2025 and make in India are encouraging industries to adopt advanced automation technologies like robotics, AI, and IoT to enhance competitiveness and productivity.
The key players in the Industrial Control & Factory Automation Companies include ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), and Siemens (Germany).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
11 minutes ago
- Globe and Mail
Nvidia, Palantir, and AMD Have a Nearly $13 Billion Warning for Wall Street -- but Are You Paying Attention?
Key Points Competitive advantages, along with insatiable demand for artificial intelligence (AI) hardware and software, have sent shares of Nvidia, Palantir Technologies, and Advanced Micro Devices soaring. On a combined basis, insiders at Nvidia, Palantir, and AMD have made just four purchases of their respective company's stock spanning five years. Historical precedent poses a big problem for some of Wall Street's hottest AI stocks. 10 stocks we like better than Nvidia › Roughly 30 years ago, the advent and proliferation of the internet began positively altering the growth arc for corporate America. The internet offered businesses new ways to interact with prospective and existing clients, as well as market their products. For decades, investors have been waiting for the next technological leap forward, and the artificial intelligence (AI) revolution looks to be it. The combination of increased productivity and consumption-side effects associated with the rise of AI is expected to increase global gross domestic product by $15.7 trillion come 2030, according to analysts at PwC. This sky-high addressable market is the primary reason we've witnessed Wall Street's AI darlings -- Nvidia (NASDAQ: NVDA), Palantir Technologies (NASDAQ: PLTR), and Advanced Micro Devices (NASDAQ: AMD), which is commonly known as "AMD" -- soar since 2023 began. Nvidia's Hopper (H100) and Blackwell graphics processing units (GPUs) account for the bulk of the GPUs deployed in AI-accelerated data centers. Meanwhile, production for AMD's Instinct series AI-accelerating chips is expanding, with the expectation that it'll carve out a healthy share of the AI-GPU market for enterprise data centers. As for Palantir, its AI- and machine learning-powered software-as-a-service Gotham and Foundry platforms offer sustainable moats. Federal governments turn to Gotham for military mission planning and execution, along with data collection and analysis. Meanwhile, Foundry is a subscription-driven platform for businesses looking to make sense of their big data and streamline/automate their operations. While their respective share price appreciation indicates everything is going great for Nvidia, Palantir, and AMD, all three companies have, collectively, offered up a nearly $13 billion warning to Wall Street. The real question is: Are you, or any other investors, heeding this warning? Nvidia, Palantir, and AMD combine for close to a $13 billion warning There are a number of potential headwinds that can come into play for AI stocks over the coming quarters and years, some of which I'll touch on a bit later. However, one of the more front-and-center concerns has to do with the how corporate insiders have approached their company's stock. Here's the good news: Thanks to required Form 4 filings with the Securities and Exchange Commission, investors have the ability to track the purchasing and selling activity of executives and board members. This activity details the buying and selling of common stock, as well as options activity. When it comes to Nvidia, Palantir, and AMD, there's been a very clear trend over the last five years (note: Palantir's initial public offering was Sept. 30, 2020): insider selling. Over the trailing-five-year period, net selling activity has totaled: More than $4.71 billion for Nvidia. Over $7.43 billion for Palantir. Approximately $762 million for AMD. Collectively, the insiders of these three highly influential AI businesses have sold north of $12.9 billion worth of their common stock over the trailing half-decade. However, insider selling isn't as cut-and-dried as it might appear on the surface. This is to say there are a lot of reasons insiders might sell their company's stock -- and they're not all nefarious. For instance, most executives receive stock-based compensation and/or options. Options are required to be exercised within a certain time frame, otherwise they expire worthless. With some executives receiving the lion's share of their compensation in stock or options, they have to sell their company's stock to cover their federal and/or state tax bill. The key point here is that not all insider selling is necessarily bad. But at the same time, there's only one reason executives and board members purchase their company's stock: they expect it to head higher. Over the trailing five-year period, executives and board members have made exactly one purchase at Nvidia, one purchase at Palantir, and two purchases at AMD. The takeaway here is simple: if insiders at Nvidia, Palantir, and AMD aren't willing to purchase their own company's stock, why should everyday investors believe these three stocks still offer significant upside? Insider activity isn't the only concern Unfortunately, this nearly $13 billion warning isn't the only worry for investors. Historical precedent is a multipronged headwind that has the potential to meaningfully drag down AI stock valuations. To preface the following discussion, history is never guaranteed to repeat on Wall Street. If there was an indicator that concretely guaranteed short-term directional moves in stocks, you can rest assured that everyone would be using it by now. Nevertheless, there are historical events and metrics that have flawlessly correlated with directional moves for the S&P 500 and Wall Street's other major indexes in the past. It's these correlations that suggest Nvidia, Palantir, and AMD could be in a world of trouble. For example, every game-changing innovation since (and including) the advent of the internet in the mid-1990s has endured a bubble-bursting event fairly early in its expansion. This long line of hyped innovations navigating their way through bubbles signals that investors consistently overestimate the utility and early stage adoption of new technologies. Although spending on AI infrastructure has been robust, as Nvidia's and AMD's operating results suggest, most businesses have yet to optimize their AI solutions or generate a positive return on their AI investments. It's unlikely that artificial intelligence will avoid the fate of previous next-big-thing trends. The other area where historical precedent comes into play is valuations. Though AMD's valuation isn't egregiously high, the same can't be said for Nvidia or Palantir, which are butting heads with history. Before the bursting of the dot-com bubble a quarter of a century ago, businesses on the leading edge of the internet revolution consistently peaked at around 30 to 40 times trailing-12-month sales. As of this writing on Aug. 12, Nvidia is tipping the scales at a price-to-sales (P/S) ratio of nearly 31, while Palantir's P/S ratio is 137, which is the highest I've ever witnessed for a megacap company in 27 years of investing. While both companies offer competitive advantages that are worthy of valuation premiums, history is quite clear that extended premiums of this magnitude aren't sustainable over the long run. Between persistent insider selling, a virtual lack of insider buying, and mounting historical headwinds, the risk-versus-reward pendulum for Nvidia, Palantir, and AMD has undeniably swung toward "risk." Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025
Globe and Mail
11 minutes ago
- Globe and Mail
RBC Capital Sticks to Its Buy Rating for UBS Group AG (UBS)
RBC Capital analyst Anke Reingen maintained a Buy rating on UBS Group AG today and set a price target of CHF34.00. The company's shares closed yesterday at $39.65. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Reingen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and BNP Paribas. According to TipRanks, Reingen has an average return of 19.8% and a 71.81% success rate on recommended stocks. In addition to RBC Capital, UBS Group AG also received a Buy from DZ BANK AG's Philipp Haessler in a report issued on August 1. However, on July 31, Morgan Stanley maintained a Sell rating on UBS Group AG (NYSE: UBS). Based on UBS Group AG's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.32 billion and a net profit of $2.4 billion. In comparison, last year the company earned a revenue of $11.85 billion and had a net profit of $1.14 billion Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBS in relation to earlier this year.
Globe and Mail
4 hours ago
- Globe and Mail
Diamond Hill Capital Boosts Stake in Berkshire Hathaway
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Diamond Hill Capital Management Inc, managed by Ric Dillon, recently executed a significant transaction involving Berkshire Hathaway B (($BRK.B)). The hedge fund increased its position by 36,507 shares. Spark's Take on BRK.B Stock According to Spark, TipRanks' AI Analyst, BRK.B is a Outperform. Berkshire Hathaway B's strong financial performance is the primary driver of its score, aided by reasonable valuation metrics. Technical analysis indicates a cautious outlook with potential downward momentum, although the company's diversified strengths in the insurance sector provide resilience. To see Spark's full report on BRK.B stock, click here. More about Berkshire Hathaway B YTD Price Performance: 4.28% Average Trading Volume: 4,706,116 Current Market Cap: $1014.3B Disclaimer & Disclosure Report an Issue
