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7 hours ago
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Factory Automation Market to Approach USD 370 Billion by 2034, Growing at 6.5% CAGR
Factory Automation (FA) Market Outlook (2025–2034) Luton, Bedfordshire, United Kingdom, May 28, 2025 (GLOBE NEWSWIRE) -- Market Overview The global factory automation (FA) market is projected to grow from USD 200 billion in 2024 to nearly USD 370 billion by 2034, expanding at a CAGR of 6.5% over the forecast period. The market is witnessing accelerated growth due to the widespread integration of Industry 4.0 technologies such as the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), and robotics, which are reshaping modern manufacturing ecosystems. Get a Sample PDF Brochure: Key Market Insights Base Year (2024): USD 200 Billion Forecast Year (2034): USD 370 Billion CAGR (2025–2034): 6.5% Historical Period: 2020–2023 Forecast Period: 2025–2034 Largest Regional Market: Asia-Pacific (45% market share) Market Drivers 1. Adoption of Industry 4.0 The integration of Industry 4.0 principles is one of the most significant drivers of growth in the factory automation market. This industrial revolution is transforming traditional manufacturing into smart, interconnected systems by leveraging technologies such as the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), machine learning, and advanced robotics. These technologies enable real-time monitoring, predictive maintenance, autonomous decision-making, and seamless machine-to-machine communication, significantly improving productivity and process optimization. The rising interest in digital twins and cyber-physical systems is further accelerating the deployment of smart factory solutions across various industries. 2. Operational Efficiency and Productivity Gains Automation plays a critical role in enhancing operational efficiency, reducing production downtime, and improving overall equipment effectiveness (OEE). Automated systems allow for faster production cycles, higher throughput, and greater accuracy, which is vital for manufacturers dealing with tight deadlines and high variability in demand. In an increasingly volatile global supply chain environment, automation enables rapid adjustments, ensuring continuity and resilience in manufacturing operations. 3. Government Incentives and Policy Support Governments across the globe are promoting automation through a range of policy initiatives, financial incentives, and subsidy programs. For example, policies like 'Made in China 2025', 'Make in India', Germany's 'Industrie 4.0', and tax incentives in North America are designed to modernize domestic manufacturing capabilities and encourage investment in advanced technologies. These programs often support R&D, workforce training, and infrastructure development, which helps lower the barriers to automation adoption, particularly among small and medium-sized enterprises (SMEs). 4. Rising Demand for Mass Customization The shift in consumer preferences towards personalized products is fueling the demand for flexible and modular manufacturing systems. Traditional production lines are no longer sufficient to meet the needs of dynamic markets. Instead, manufacturers are investing in automation solutions that allow for rapid reconfiguration, multi-product processing, and on-demand production, thus enabling mass customization at scale. This trend is particularly prominent in industries such as automotive, electronics, and consumer goods, where customer expectations for tailored products are growing rapidly. Market Challenges 1. High Initial Capital Investment One of the primary barriers to the adoption of factory automation is the substantial upfront cost associated with acquiring, installing, and integrating automated systems. This includes not only the hardware (robots, sensors, control systems) but also the software, networking infrastructure, and required retrofitting of existing facilities. These capital requirements are particularly challenging for SMEs, which may lack the financial resources or risk tolerance to make such long-term investments without guaranteed returns. 2. Workforce Skill Gaps The transition to smart manufacturing demands a highly skilled workforce capable of managing complex automation systems, programming industrial robots, analyzing data, and ensuring cybersecurity. However, there is a significant shortage of trained personnel in fields such as automation engineering, mechatronics, and industrial AI. This skills gap slows down the pace of automation adoption and limits the ability of companies to fully exploit the benefits of digital transformation. 3. Regulatory and Compliance Complexities Navigating the evolving landscape of industrial regulations, safety standards, and environmental compliance poses another challenge for manufacturers. Different countries and regions have varying standards regarding machinery safety (e.g., CE marking in Europe, OSHA in the U.S.), data protection, and energy efficiency, which can complicate system design and deployment. Keeping up with these changes requires additional resources, and non-compliance can result in penalties, delays, or recalls. 4. Supply Chain Disruptions The global supply chain vulnerabilities witnessed in recent years, due to events such as the COVID-19 pandemic, geopolitical tensions, and semiconductor shortages, have exposed risks in sourcing critical automation components. These disruptions can delay installation schedules, increase costs, and reduce the availability of key equipment like programmable logic controllers (PLCs), sensors, and motors. Integration timelines for new automation projects are often extended as manufacturers struggle to secure essential parts, which in turn affects production scalability and timelines. Browse full Report - Market Segmentation By Component Component Market Share Key Insight Sensors ~25% Integral for real-time data and predictive maintenance. Actuators ~15% Essential for precision motion in robotics and control systems. Robotics — Backbone of automated production lines and warehousing. Industrial Control Systems — Foundational for automated decision-making and system monitoring. HMIs & Safety Components — Enable operator interaction and maintain operational safety. By Technology Technology Market Share Notable Trends PLCs ~18% Proven reliability and adaptability across industrial environments. SCADA — Centralized control and monitoring of industrial processes. IIoT ~20% Rapid growth driven by smart manufacturing and digital transformation. DCS, MES — Real-time production control and execution optimization. By Application Application Market Share Description Process Automation ~30% Drives consistency and efficiency across batch and continuous operations. Discrete Automation ~20% Supports high-volume, varied product manufacturing, especially in electronics. Others — Includes quality control, logistics, and supply chain automation. By Industry Industry Market Share Key Insights Automotive ~25% Transition to electric and autonomous vehicles accelerates automation use. Food & Beverage ~20% Ensures compliance, safety, and traceability across production lines. Electronics, Pharma, Oil & Gas, Chemicals — Increasingly reliant on automation for precision and productivity. By Deployment Type On-Premises Cloud-Based – growing due to scalability, remote access, and lower upfront costs. By End-User End-User Market Share Insight Small and Medium Enterprises (SMEs) ~30% Increased adoption driven by falling costs and modular automation solutions. Large Enterprises — Major investors in end-to-end digital transformation initiatives. Regional Analysis Asia-Pacific (45% Market Share in 2024) The Asia-Pacific region continues to lead the global factory automation market, accounting for nearly 45% of the total market share in 2024. This dominance is largely attributed to the region's rapid pace of industrialization, coupled with favorable economic and demographic factors. Countries like China, Japan, South Korea, and India are at the forefront of this growth, each contributing significantly through major investments in manufacturing modernization and industrial digitalization. China plays a pivotal role, driven by government-led initiatives such as "Made in China 2025," which encourages widespread adoption of intelligent manufacturing and robotics. Japan and South Korea are global leaders in precision manufacturing and robotics, backed by a strong ecosystem of industrial automation technology providers. Meanwhile, India is emerging as a key player due to initiatives like 'Make in India,' increased FDI in manufacturing, and a growing emphasis on industrial upskilling and smart factories. Additionally, the region benefits from a large labor force, expanding middle-class population, and growing demand for consumer goods, all of which drive the need for automated, efficient, and scalable production systems. Ongoing investments in infrastructure, such as industrial parks and smart cities, further reinforce Asia-Pacific's leading position in the global automation market. North America (25% Market Share in 2024) North America holds a substantial share of the factory automation market, estimated at around 25% in 2024. This region is characterized by early and aggressive adoption of advanced automation technologies, including robotics, Industrial IoT (IIoT), AI-driven analytics, and cloud-based automation platforms. The United States leads the regional market due to its highly developed manufacturing infrastructure, robust research and development ecosystem, and strategic focus on innovation. Automation adoption in North America is driven by labor shortages, rising production costs, and increasing demand for high-quality, customized products. Key sectors utilizing automation include automotive, electronics, pharmaceuticals, and food and beverage industries. The presence of global technology leaders such as Rockwell Automation, Honeywell, and General Electric further stimulates innovation in the region. Additionally, government support for reshoring manufacturing and investments in digital transformation under initiatives like the CHIPS and Science Act contribute to sustained market growth. Europe ( 20% Market Share in 2024) Europe accounts for around 20% of the global factory automation market, supported by its strong tradition of high-quality manufacturing and stringent environmental and safety regulations. The region is known for its early adoption of energy-efficient automation solutions, sustainable manufacturing practices, and highly integrated production environments. Germany, Italy, and France are the leading contributors in Europe. Germany, in particular, is recognized as a global automation hub due to its leadership in engineering and automotive manufacturing, underpinned by initiatives like 'Industrie 4.0.' Italy and France also play crucial roles with their advanced machinery production and growing adoption of robotics in industrial operations. European manufacturers emphasize precision, efficiency, and environmental responsibility. As such, automation solutions in this region often integrate features like predictive maintenance, digital twins, and decarbonization tools. Moreover, collaborative efforts between governments, industry associations, and academic institutions support the development and deployment of cutting-edge automation technologies across the region. Buy Now : Emerging Trends and Opportunities Predictive Maintenance: Widespread adoption driven by IoT-based condition monitoring and machine learning analytics. Digital Twins: Enabling real-time system simulation, testing, and optimization. Sustainable Manufacturing: Automation aiding in energy savings, waste reduction, and regulatory compliance. Flexible Manufacturing Systems (FMS): Rising demand for product personalization driving investments in flexible automation. Expansion into New Verticals: Pharma, renewable energy, and logistics are increasingly adopting automation to meet precision and scalability needs. Competitive Landscape Siemens Rockwell Automation Schneider Electric ABB Mitsubishi Electric Honeywell Emerson Electric Fanuc Corporation KUKA Omron Corporation Bosch Rexroth General Electric Yokogawa Electric Corporation Beckhoff Automation Recent Developments: 1. Siemens: Launch of Enhanced TIA Portal for Integrated Automation In October 2023, Siemens introduced an updated version of its Totally Integrated Automation (TIA) Portal. This advanced software platform is designed to streamline communication between machines, systems, and personnel on production floors. The latest iteration incorporates AI-driven predictive maintenance and improved interoperability, enabling manufacturers to optimize production efficiency and reduce downtime. This development aligns with the industry's shift towards Industry 4.0, offering a competitive edge to early adopters seeking to modernize their facilities. 2. Rockwell Automation and Microsoft: Integration of Generative AI in Automation Design In October 2023, Rockwell Automation and Microsoft expanded their longstanding partnership to accelerate industrial automation design and development through generative artificial intelligence (AI). The collaboration integrates Microsoft's Azure OpenAI Service into Rockwell's FactoryTalk® Design Studio™, enabling engineers to generate code using natural language prompts. This innovation aims to automate routine tasks, improve design efficiency, and expedite time-to-market for customers building industrial automation systems. The partnership addresses challenges such as skilled labor shortages and is poised to set new standards in automation technologies. 3. ABB: Acquisition of Real Tech for Enhanced Water Monitoring Solutions In January 2024, ABB acquired Real Tech, a Canadian company specializing in innovative optical sensor technology for real-time water monitoring and testing. This strategic acquisition enhances ABB's portfolio in smart water management solutions, allowing for more precise and efficient monitoring of water quality. The integration of Real Tech's technology is expected to provide customers with advanced tools for environmental monitoring, reflecting ABB's commitment to sustainability and innovation in industrial automation. 4. Honeywell: Development of Honeywell Forge for Industrial Analytics In June 2023, Honeywell announced the development of Honeywell Forge for Industrial, an advanced analytics software designed to optimize performance across various industrial sectors. This software incorporates AI and machine learning, allowing companies to monitor critical equipment in real time and reduce operational disruptions. The technological advancement aligns with industry trends towards predictive maintenance and enhanced operational efficiency, setting a new benchmark in analytics capabilities. 5. Mitsubishi Electric: Expansion of Manufacturing Facilities in India In December 2023, Mitsubishi Electric India inaugurated a new manufacturing facility for advanced factory automation systems in the Talegaon Industrial area, Maharashtra. The facility, backed by a greenfield investment of ₹220 crore, spans 40,000 square meters and is designed to meet the growing demand for advanced automation and smart manufacturing solutions in India. The plant aims to enhance local manufacturing capabilities, reduce delivery times, and support the 'Make in India' initiative by providing energy-saving equipment and solutions that utilize automation technology. This report is also available in the following languages : Japanese (ファクトリーオートメーション（FA）市場), Korean (공장 자동화(FA) 시장), Chinese (工厂自动化（FA）市场), French (Marché de l'automatisation industrielle (FA)), German (Markt für Fabrikautomatisierung (FA)), and Italian (Mercato dell'automazione di fabbrica (FA)), etc. Get a Sample PDF Brochure: More Research Finding –Ethernet PHY Chips MarketThe Ethernet PHY chips market is projected to be valued at approximately $3.5 billion in 2024, with significant growth anticipated during the forecast period from 2025 to 2034, potentially reaching around $6.8 billion. This indicates a robust Compound Annual Growth Rate (CAGR) of roughly 7% over the next decade, driven by increasing demand for faster, more reliable networking Surface Mount Solid State Relays MarketThe global market for Surface Mount Solid State Relays (SSR) is valued at approximately $1.2 billion, driven by increasing demand in industries such as automotive, telecommunications, and automation. The market is expected to grow significantly, with projections estimating it will reach around $2.3 billion by 2034, reflecting robust adoption across various applications such as lighting controls and HVAC Air Cargo & Freight Logistics MarketThe global air cargo and freight logistics market is valued at approximately $150 billion, driven by increasing e-commerce demands and globalization of supply chains. The market is projected to reach around $250 billion by 2034, reflecting a robust growth trajectory. The Compound Annual Growth Rate (CAGR) for the forecast period from 2025 to 2034 is estimated at 5.3%, spurred by advancements in technology and automation in logistics System on Module SOM MarketThe Global System on Module (SOM) market is valued at approximately $1.75 billion in 2024, with projections indicating a robust growth trajectory, aiming to reach around $4.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.5% during the forecast period from 2025 to Biped Robot MarketThe global biped robot market is poised for significant growth, currently valued at approximately $6.3 billion in 2024. The market is projected to reach around $15.2 billion by 2034, growing at a robust Compound Annual Growth Rate (CAGR) of about 9.1% from 2025 to 2034. This growth trajectory is driven by advancements in robotics technologies, increasing demand for automation in various sectors, and rising investments in research and OHT for Semiconductor Manufacturing Lines MarketThe global Overhead Transport (OHT) market for semiconductor manufacturing lines is valued at approximately $2.3 billion in 2024. It is expected to reach $4.9 billion by 2034, indicating significant growth driven by the increasing demand for advanced semiconductor technologies and miniaturization in electronic devices. The projected Compound Annual Growth Rate (CAGR) for this period is approximately 8.1%. Parcel Separator MarketThe global parcel separator market is valued at approximately $1.35 billion in 2024 and is projected to reach around $2.6 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period from 2025 to Servo System Controller MarketThe global servo system controller market is projected to reach approximately $8.5 billion in 2024, driven by increasing automation in manufacturing processes and advancements in robotics technology. As industries seek to enhance precision and efficiency, the demand for sophisticated servo controllers is expected to intensify. The market is forecasted to expand significantly, with an estimated value of around $13.2 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 4.8% during the period from 2025 to Magnetic Angle Encoder IC MarketThe global magnetic angle encoder integrated circuit (IC) market is poised for significant growth, with an estimated market value of approximately $1.2 billion in 2024. This market is projected to reach around $2.3 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 7.2% during the forecast period from 2025 to Magnetic Encoder Chip MarketThe global magnetic encoder chip market is valued at approximately $2.1 billion in 2024 and is projected to reach around $3.5 billion by 2034, reflecting a robust growth trajectory. This translates to a Compound Annual Growth Rate (CAGR) of about 5.2% during the forecast period from 2025 to Piezoelectric Actuators MarketThe global piezoelectric actuators market is projected to reach a value of approximately $3.6 billion in 2024, driven by the increasing demand across industries such as automotive, healthcare, and aerospace. The market is expected to grow significantly, with a compounded annual growth rate (CAGR) of around 7.2% during the forecast period from 2025 to 2034, potentially reaching $7.4 billion by 3C Smart Peripheral Products MarketThe global 3C smart peripheral products market is valued at approximately $150 billion in 2024, with projections indicating significant growth, reaching around $250 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of around 5.2% over the forecast period from 2025 to 2034, driven by increased consumer demand for interconnected devices and smart technology Photoelectric Sensors MarketThe global photoelectric sensors market is valued at approximately $3.5 billion in 2024 and is projected to reach around $5.8 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 5.2% during the forecast period from 2025 to Surface Inspection Equipment MarketThe global surface inspection equipment market is valued at approximately $4.5 billion in 2024, with an anticipated growth trajectory leading to a projected market value of around $8.2 billion by 2034. This forecast indicates a Compound Annual Growth Rate (CAGR) of approximately 6.5% from 2025 to Integration Platform as a Service iPaaS Future TrendsThe Global Integration Platform as a Service (iPaaS) market is valued at approximately $8.2 billion, driven by the increasing need for organizational agility and operational efficiency. The market is forecasted to reach around $20.5 billion by 2034, indicating substantial growth Low-Voltage Differential Signaling LVDS Chip Future TrendsThe global Low-Voltage Differential Signaling (LVDS) chip market is valued at approximately $3.1 billion in 2024, with expectations to reach around $5.6 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 6.4% during the forecast period of PID Temperature Regulators MarketThe global PID temperature regulators market is poised to reach an estimated value of $2.5 billion in 2024, driven by increasing demand across industries such as manufacturing, HVAC, and food processing. The market is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 8.5% from 2025 to 2034, reaching approximately $5 billion by the end of the forecast Software Testing MarketThe global software testing market is poised for significant growth, valued at approximately $50 billion in 2024. Projections indicate that the market will reach about $110 billion by 2034, reflecting the critical importance of quality assurance in increasingly complex software environments. The anticipated Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated to be around 8.1%, driven by the ongoing digital transformation across Special Equipment Manufacturing MarketThe global special equipment manufacturing market is projected to reach approximately USD 250 billion in 2024. This sector encompasses a diverse array of industries, including construction, mining, and specialized machinery. The market is expected to exhibit robust growth, reaching an estimated value of USD 425 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 5.3% from 2025 to CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in to access your portfolio
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13 hours ago
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PLANET Developing Intelligent Industrial Networking Solutions for IoT, AIoT and ITS Applications
TAIPEI, May 28, 2025 /PRNewswire/ -- As we see more IoT in smart cities and Intelligent Transportation Systems development in major areas across the United States, a network solution is needed to deliver fast, reliable, and secure operation. PLANET Technology has long established itself as the world's leader in providing high-performance industrial networking solutions for a wide range of applications, and this year at COMPUTEX in Taipei, we showcased a comprehensive range of advanced networking technology to meet the demand. About PLANET Technology Established in 1993 and headquartered in Taiwan, PLANET has become a leading global brand in IP network transmission technology. Its product and solution portfolio includes a comprehensive range of advanced, user-friendly network technologies that support IoT, IIoT, and AIoT intelligent network infrastructures, delivering innovative and reliable enterprise and industrial networking solutions. We have established close and long-term partnerships with our clients and distribution partners in more than 160 countries. Over the years, PLANET has won numerous awards and recognitions, including multiple Taiwan Excellence Awards, and was listed in the 2024 Forbes Asia 200 Best Under a Billion. Built to Provide High Performance in Harsh Environments For over 30 years, PLANET has delivered rugged industrial PoE networking solutions built for high performance in harsh environments. Products like the 95W EMC-certified Managed Switch (IGS-6329-8UP2S4X) meet EN61000-6-2/-6-4 and EN50121-4 railway standards and operate in extreme temperatures and weather conditions. The new IMS-6325-5 Industrial Modular Ethernet Chassis Switch adds scalability and sustainability with interchangeable modules that support easy upgrades and component reuse. To advance industrial automation, PLANET offers protocol-based networking solutions, including a Time Sensitive Networking (TSN) 10G Managed Switch, Modbus TCP, PROFINET, Serial Device Servers, and EtherCAT, forming a secure, high-speed foundation for intelligent manufacturing systems. Secure Network for the Future of Smart Cities and ITS As cities increasingly adopt intelligent networking, PLANET introduced 802.3bt 95W PoE devices with 2.5G/10G capabilities to support the expansion of wireless connectivity. Paired with 5G NR Cellular Gateway, Outdoor Unit (ODU), or Wi-Fi VPN Security Router, these devices enable the delivery of high-performance, secure data transmission for large-scale applications such as healthcare and commercial construction. PLANET's Industrial PoE Managed Switches are ideal for surveillance systems that demand reliable and stable network performance. Equipped with Intelligent PoE Management, these switches can monitor power usage, schedule PoE delivery, and perform PD alive checks to automatically reboot unresponsive devices, such as IP cameras, ensuring continuous and efficient operation. To meet the evolving needs of intelligent transportation systems (ITS), PLANET's new ITS Series Industrial L3 PoE Managed Switches comply with EN50155, EN45545-2, and IEC 61373 standards. With rugged features like 10G M12 ports, bypass relay, and ERPS for network redundancy, they ensure stable operations in railways and other transportation systems. Efficiently Manage All Connected Networking Devices PLANET networking devices can be centrally managed through the Universal Network Management Central Controller (UNC-NMS), the Enterprise-class Universal Network Management Controller (NMS-500/NMS-1000V), and the innovative NMSViewerPro app. These tools enable administrators to efficiently manage devices via the cloud, analyze big data in real time, and enhance computing efficiency, cybersecurity, and energy-saving performance, supporting carbon reduction goals. All these features can further be managed flexibly with the new CloudNMS, which utilizes a secure cloud server for admins to monitor the network without the need to be linked to a management controller. Pioneering Sustainable Networking Solutions Demonstrating leadership in sustainability, PLANET integrates AIoT with energy-efficient network systems. Its AIoT Application Server supports protocols such as LoRa, Wi-Fi, HaLow, and Modbus for real-time data status, energy consumption, ESG reporting, and renewable energy monitoring. PLANET is also the first in the industry to launch a Renewable Power PoE Managed Switch (BSP-360), enabling off-grid operations by powering networks with renewable energy, a major step toward carbon neutrality and power independence. Committed to ESG and Sustainable Development Since its founding, PLANET has actively championed ESG values to drive sustainable corporate development. The company emphasizes strong corporate governance, environmental sustainability, and social engagement, working toward goals such as 2050 Net Zero Carbon Emissions, a sustainable supply chain, and biodiversity protection. Throughout the years PLANET has achieved several major milestones including ISO 14067 Product Carbon Footprint verified, ISO 14064-1 greenhouse gas (GHG) inventory verified, the highest B score among global SMEs in Carbon Disclosure Project (CDP), joined the Science Based Targets initiative (SBTi), and also its first Climate and Nature Report has been assured with the highest maturity based on the Task Force on Climate-related Financial Disclosures (TCFD) framework, just to name a few. PLANET's ESG efforts have earned multiple honors, including the Excellent Corporate in CSR, Top 1 in Excellence in Corporate Social Responsibility, and the Humane Entrepreneurship Award. Looking ahead, PLANET remains dedicated to a long-term, strategic commitment to global citizenship and sustainable value creation. To learn more about PLANET Technology, visit For questions and inquiries: sales@ CONTACT: PLANET Technology, +886-2-22199518, mkt@ View original content to download multimedia: SOURCE PLANET Technology Corporation
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15-05-2025
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The Future of Smart Manufacturing Market: Exclusive Market Research Report by GVR Sheds Light on Key Insights & Emerging Trends by 2030
SAN FRANCISCO, May 15, 2025 /PRNewswire/ -- The global smart manufacturing market size is anticipated to reach USD 790.91 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 14.0% from 2025 to 2030. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth. The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in controlling large amounts of data and accessing data and hence participants can opt for self-study programs and Artificial Intelligence (AI) technologies to avoid challenges. However, with increasing reliance on data, the industry aims to prevent contact with processes from preventing unintended issues. An essential aspect of the industry is the need to integrate various technologies such as intelligent sensors, robots, and cloud computing. Digital development has created the opportunity to use integrated technologies to achieve measurable results. Simulation, 3D printing, and network technology development have made the market a promising investment center for technology developers and users. Request a free sample copy or view report summary: Smart Manufacturing Market Several countries around the world imposed strict closures to prevent the spread of COVID-19, with severe restrictions and safety measures. Leading companies that produce smart devices started using IoT deployment, statistics, and AI-based digital platforms to reduce the need for human interaction. In addition, reduced efficiency in production lines due to social isolation processes is also strengthened with the help of automated solutions, thereby reducing employee involvement in production processes. While established retailers are pushing their technology harder in new fields and operating environments, the barriers to entry are declining rapidly. These trends have led to an increase in competition among retailers, thus, leading to the introduction of fictional business models as advanced products. Buyers are experiencing a paradigm shift and focus on ordering rather than production to sell stock. These circumstances are expected to drive a comprehensive overhaul of production business models. This, in turn, is expected to fuel the market during the forecast period. Smart Manufacturing Market Report Highlights: Industrial 4.0 has been helping to transform the market from acquiring legacy systems to smart components and sophisticated equipment to the development of digital factories, and later, to the ecosystem of plants and connected businesses Based on the technology segment, the 3D Printing type of smart manufacturing is anticipated to grow with the highest CAGR of 17.8% during the forecast period due to the rise in the usage of 3D animation in the production of spare parts The software segment accounted for the largest market share of over 49% in 2024, owing to its essential role in enabling data analytics, process optimization, and integration of various manufacturing systems. The smart manufacturing market in Asia Pacific is expected to grow at the highest CAGR of over 15% in 2024, driven by the increasing adoption of advanced technologies in countries. Read full market research report on Smart Manufacturing Market with TOC - Smart Manufacturing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology (Machine Execution Systems, SCADA, Discrete Control Systems), By End-use, By Region, And Segment Forecasts, 2025 - 2030 Smart Manufacturing Market Segmentation Grand View Research has segmented the global smart manufacturing market report based on component, technology, end-use, and region: Smart Manufacturing Market - Component Outlook (Revenue, USD Million, 2018 - 2030) Hardware Software Services Smart Manufacturing Market - Technology Outlook (Revenue, USD Million, 2018 - 2030) Machine Execution Systems Programmable Logic Controller Enterprise Resource Planning SCADA Discrete Control Systems Human Machine Interface Machine Vision 3D Printing Product Lifecycle Management Plant Asset Management Smart Manufacturing Market - End Use Outlook (Revenue, USD Million, 2018 - 2030) Automotive Aerospace & Defense Chemicals & Materials Healthcare Industrial Equipment Electronics Food & Agriculture Oil & Gas Others Smart Manufacturing Market - Regional Outlook (Revenue, USD Million, 2018 - 2030) North America Europe Asia Pacific Latin America Middle East & Africa List of Key Players in the Smart Manufacturing Market ABB Ltd. Cisco Systems, Inc. Siemens AG General Electric Rockwell Automation Inc. Schneider Electric Honeywell International Inc. Emerson Electric Co. FANUC Corporation Mitsubishi Electric Corporation Check out more related studies published by Grand View Research: Industrial Internet Of Things Market - The global industrial internet of things market size is estimated to reach USD 1,693.44 billion by 2030, registering a CAGR of 23.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market growth is being driven by a significant focus on predictive maintenance, automation, and efficient supply chain management across various industrial sectors, particularly manufacturing. Machine Learning Market - The global machine learning market size is anticipated to reach USD 419.94 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 34.8% from 2023 to 2030. The market is experiencing continuous growth, driven by the increasing demand for AI-driven solutions across industries. Internet of Things (IoT) Market - The global internet of things (IoT) market size is expected to reach USD 2.65 billion by 2030, registering a CAGR of 11.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. Artificial Intelligence Market - The global artificial intelligence market size is expected to reach USD 1,811.75 billion in 2030 and is projected to grow at a CAGR of 35.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Artificial Intelligence (AI) denotes the concept and development of computing systems capable of performing tasks customarily requiring human assistance, such as decision-making, speech recognition, visual perception, and language translation. Browse Horizon Databook on Smart Manufacturing Market – Global Smart Manufacturing Market Size & Outlook About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research. Gain insights from 30K+ Global & Regional Reports, 120K+ Country Reports, 1.2M+ Market Statistics, 200K+ Company Profiles, and 5 business solutions encompassing ESG and Sustainability Consulting, Procurement Intelligence, Pricing Index and Analysis, and Consumer Analytics. Contact: Sherry JamesCorporate Sales Specialist, USAGrand View Research, 1-415-349-0058Toll Free: 1-888-202-9519Email: sales@ Us: LinkedIn | TwitterBlog - Logo: View original content: SOURCE Grand View Research, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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14-05-2025
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Industrial Wireline Networking Market to Hit USD 14.4 Billion by 2032, Owing to the Rising Integration of Real-Time Automation
Rising need for secure, low-latency networks in automation and critical industries drives the industrial wireline networking market growth. Pune, May 14, 2025 (GLOBE NEWSWIRE) -- Industrial Wireline Networking Market Size Analysis: 'The SNS Insider report indicates that the Industrial Wireline Networking Market was valued at USD 6.5 billion in 2023 and is estimated to reach USD 14.4 billion by 2032, expanding at a robust CAGR of 9.18% from 2024 to 2032.'Get a Sample Report of Industrial Wireline Networking Market@ Major Players Analysis Listed in this Report are: Cisco Systems, Inc. – Industrial Ethernet Switches Siemens AG – SCALANCE Industrial Network Devices Rockwell Automation, Inc. – Stratix Industrial Switches ABB Ltd. – ABB Ethernet/IP Communication Modules Schneider Electric SE – ConneXium Ethernet Switches Belden Inc. – Hirschmann Industrial Ethernet Switches Moxa Inc. – Industrial Ethernet Gateways Honeywell International Inc. – Experion Industrial Network Systems General Electric Company (GE) – GE Ethernet Controllers Eaton Corporation plc – Industrial Ethernet Infrastructure Solutions Phoenix Contact GmbH & Co. KG – FL SWITCH Ethernet Devices Beckhoff Automation GmbH & Co. KG – EtherCAT Communication Solutions Advantech Co., Ltd. – Industrial Ethernet Switches HMS Networks AB – Anybus Industrial Communication Modules B&R Industrial Automation GmbH (a part of ABB) – X20 Ethernet Interfaces Industrial Wireline Networking Market Report Scope: Report Attributes Details Market Size in 2023 USD 6.5 Billion Market Size by 2032 USD 14.4 Billion CAGR CAGR of 9.18% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Regional Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) Key Growth Drivers Rising adoption of industrial automation and IIoT is driving demand for high-speed, low-latency, and reliable wireline networks. The U.S. industrial wireline networking market was valued at USD 0.9 billion in 2023 and is projected to reach USD 2.1 billion by 2032, growing at a CAGR of 10.13%. Growth is driven by rising investments in smart manufacturing, robust infrastructure, and the adoption of automation across sectors. The market will continue expanding due to strong demand for secure, low-latency communication in critical industries. By Deployment: On-Premise Dominates While Cloud Registers Fastest CAGR The on-premise segment dominated the market in 2023 and accounted for 58% of revenue share, attributed to the increasing requirement for custom control and data security in industrial networks. Sectors with intricate and sometimes sensitive infrastructure — namely, oil & gas and defense — remain quite dependent on on-premise solutions to provide greater network security, lower latency, and absolute data ownership. Such methods offer flexibility and are favored when management decisions need to be made in real-time with low risk. The cloud segment is expected to register the fastest CAGR during the forecast period. Here, the network infrastructure can be managed in a scalable and cost-effective way using the cloud, especially attractive to small and medium enterprises who want to have little upfront investment. Faster adoption is being catalyzed by the emergence of edge computing, cloud-native industrial applications, and data consumption of AI-embedded products through cloud-grade enterprise platforms. As more hybrid cloud models emerge, even some organizations that are security conscious are moving elements of their operations to cloud-based wireline management systems. By Application: Industrial Ethernet Leads, Fieldbus Grows Fastest Industrial Ethernet segment dominated the market and accounted for 65% of revenue share in 2023, given its unrivalled scalability, velocity, and support for large-bandwidth industrial operations. The ability to run on top of different technologies and compatibility with different industrial protocols are giving it an edge to be the solution of choice for most real-time applications like robotics, process automation, and smart manufacturing. The power of deterministic data transmission and its growing interest in Time-Sensitive Networking applications are further strengthening its leadership. Fieldbus is expected to exhibit the fastest CAGR during 2024–2032. The shift towards Ethernet is making headway, but Fieldbus will still always have an important role to play in older systems and industries where safe, low-speed, and power-efficient communication is required. Moreover, more recent Fieldbus protocols with Ethernet interoperation are propelling contemporary applications. Being used in remote terminal units and harsh environments, it is hardy and can be configured for certain industrial applications. Do you have any specific queries or need any customization research on Industrial Wireline Networking Market, Make an Enquiry Now@ Industrial Wireline Networking Market Segmentation: By Deployment On-premises Cloud By Application Industrial Ethernet Fieldbus By Region: North America Dominates the Market, Asia-Pacific to Register Fastest CAGR Asia-Pacific segment dominated the market and accounted for 32% of revenue share, Due to Rapid industrialization, coupled with strong government support for smart manufacturing and the rising adoption of automation, primarily in countries such as China, Japan, and South Korea, drives the demand for industrial wireline networking in the Asia Pacific region. Its proximity to large-scale investments in industrial IoT infrastructure, particularly in the automotive, electronics, and energy fields. These nations have a desire to modernise their industrial backbone, which is driving high-speed yet secure networking requirements. North America is anticipated to register the fastest CAGR during the period from 2024 to 2032, due to technological advancements and increasing prerequisites for Industry 4.0-based solutions. Booming investment from the U.S. and Canada, driven by industry, particularly in oil & gas, automotive, as well as aerospace, into smart factories, automation, and real-time data exchange. This growth trajectory will benefit from the region's strong focus on cybersecurity and high infrastructure readiness, which will pave the way for enterprises to operate better and experience continuous machine-to-machine communication. Recent Developments in 2024 March 2024 – Cisco Systems launched its next-gen industrial switch series with advanced security features and higher port density, aimed at manufacturing plants and energy grids. April 2024 – Belden Inc. introduced its new Gigabit Ethernet cable optimized for harsh environments, designed to support next-gen industrial automation standards. May 2024 – Siemens AG expanded its SCALANCE line with ruggedized wireline networking products tailored for rail and smart city of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Industrial Wireline Networking Market Segmentation, by Application 8. Industrial Wireline Networking Market Segmentation, by Deployment 9. Regional Analysis 10. Company Profiles 11. Use Cases and Best Practices 12. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Related Reports: Enterprise Networking Market Software-Defined Networking Market Virtual Networking Market Threat Modeling Tools Market CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Sign in to access your portfolio
Forbes
13-05-2025
- Business
- Forbes
How Schneider Electric Is Deploying Automation In-House To Showcase It
Schneider Electric's 'smart factory' in Le Vaudreuil, Normandy, France. If you were to walk past global energy management and digital automation giant Schneider Electric's factory in the commune of Le Vaudreuil, Normandy, France, its demure exterior may not quite capture your imagination. But those allowed to peek inside are greeted by an imaginative transformation of a legacy estate into a 'smart factory' of the future operated by the Forbes Global 2000 company. Its where the fourth industrial revolution or '4IR' meets manufacturing to churn out the company's hardware products. Industrial Internet of Things or 'IIoT' sensors connected to digital platforms aid with anything from plant control to raw material procurement, output monitoring to efficiencies improvement. All the while Paul, Émile, Victor and Angélique - the plant's automated guided vehicles or 'AGV' turtles and tractors - roam the shop floors fetching products, moving parts and inventory for their human counterparts, as digital scanners perform quality control tests on manufactured products. Those human counterparts utilize advanced data analytics, digital health and safety tools, artificial intelligence platforms and robotics for their routine tasks at a site that's morphed in less than a decade from a solutions testing ground to a scaled development hub. 'The plant is five decades old. The seeds of change were planted in 2018 when a gradual transformation was set in motion using Schneider Electric's homegrown automation solutions that enabled us to introduce digitalization to a manufacturing site that has very much been part of our corporate history,' said Virginie Rigaudeau, sustainable transformation project leader, communication and change management, at Schneider Electric, who has overseen the transformation. 'From supply chain to shop floor, what you see at Le Vaudreuil is electrification, digitization and automation in service of our colleagues, collaborators and suppliers and one that has had a positive impact on our external ecosystem too. "It's a full spectrum 4IR offering if you wish, that we constantly monitor and improve via live data-streams from every corner of the 14,000 square meter shopfloor - a journey kick-started by our then CEO Jean-Pascal Tricoire some seven years ago,' Rigaudeau added. Back in the day, Tricoire who is now the company's chairman, was always one to call for smart homes, smart cities, and of course, smart factories on the international energy circuit. Schneider Electric's very own smart factory does live up to its name in terms of throughput, process efficiencies and a lower carbon footprint. Data since deployment are noteworthy. Compared to 2018, the transformation has helped reduce power consumption by 35%, cut material waste by 17%, and lower CO2 emissions by 25%. 'The factory is also equipped with a zero-reject water recycling station connected to cloud analytics monitored by artificial intelligence that predicts and processes flows leading to a 64% reduction in water use,' Rigaudeau added. A worker uses digital tools at Schneider Electric's 'smart factory' in Le Vaudreuil, Normandy, ... More France. Manufacturing efficiency has improved by 10%, field failure by nearly 50% and delivery lead time by a whopping 70% from the way it was prior to a full scale solutions deployment. A 'cyber-score' is kept of it all eyeing yet further improvements. 'It's all about showcasing operational excellence, state-of-the-art engineering and what the future will look like - all underpinned by energy efficiencies,' said Anthony Loy, vice president of industrial digital transformation at Schneider Electric. The Le Vaudreuil plant, though of much obvious historical significance to a French multinational company, is one among several such global facilities on Schneider Electric's portfolio stretching from India to the U.S. 'Sitting alongside Le Vaudreuil, are our other smart factories in the U.S. (Lexington, Kentucky), India (Hyderabad), China (Wuxi) and Indonesia (Batam). In total, 11 of our sites are part of the initiative designed to further our understanding, development and upscaling of industrial information technology, operational technology and process efficiencies solutions,' Loy added. 'Essentially we are demonstrating - to both existing and prospective customers - the use cases and benefits that can be targeted in the service of the manufacturing and industrial complex by deploying the very automation and digitization solutions we market to them internally and showing them the results.' 'In today's competitive manufacturing landscape there is a solid capital expenditure, operating expenditure, business and productivity growth case for automation solutions. Operational gains, process efficiencies and fine margins matter to both us and our customers,' Loy noted. Much of it is predicated on EcoStruxure - Schneider Electric's IIoT solutions suite - for improving industrial and manufacturing outcomes. All its smart factories deploying predictive and prescriptive analytics, AI and 4IR integrated technologies like the Le Vaudreuil plant showcase it. That demonstration is mission critical for bagging new customers in a fiercely competitive automation business. Various estimates suggest the industrial automation market may witness a compound annual growth rate of 9% to 10% from being north of $180 billion last year to around $400 billion by the end of the decade. Market size and growth rates will also vary in different segments of industrial automation, according to McKinsey from automotive to food and beverage. So the growth might actually even be higher contingent upon take-up by various segments of the global economy. In each of these at any given point, Schneider Electric toughs it out with a plethora of global competitors like ABB, Honeywell, Emerson, Rockwell Automation, Siemens and Yokogawa, but to name a few. It's what makes showing to existing and potential customers 'that you are eating your own food" really important, said Barbara Frei, Executive Vice President, Industrial Automation at Schneider Electric. Barbara Frei, Executive Vice President, Industrial Automation at Schneider Electric. 'The idea that automation solutions can be sold on the strength of marketing pitches alone is not workable. You have to prove your credentials and your solutions. Our smart factories demonstrate this,' Frei added. 'Le Vaudreuil was a decades-old brownfield side prior to its transformation, and look what we have achieved with that. Throughout the journey that began in 2018, even before the smart automation that you see at play in 2025 - we regularly invited customers and partners there to see how we are using our homegrown solutions to improve our own manufacturing process and demonstrate quality standards. That counts." Frei also described it as a collaborative journey. 'Not only do we conduct our internal benchmarking, but also invite input from customers about their process efficiencies and experiences to further fine tune our solutions, ultimately for them.' The automation solutions showcasing has brought accolades too. Seven of the company's 11 smart factories have been designated as the World Economic Forum's 'sustainability lighthouses' or sites deemed as models for sustainable industrial processes and 4IR. The initiative has also spurred on a growing consulting arm for Schneider Electric that offers customers guidance on process optimization where its kit sits alongside solutions from other vendors. 'And what starts as an automation consulting partnership then often progress to a wider commercial sale, at which point the cost of the initial consultation is compensated back to the customer.' Naturally, such automation solutions do not come cheap. Schneider Electric declined to offer a steer on how much end-to-end solutions deployed at Le Vaudreuil would cost owing to commercial sensitivities. As for its market growth from automation solutions sales to end of the decade, Frei said it would be 'in several multiples.' Make what you will of that, even several billions, as the company and its competitors line up to fight it out lucrative automation arena.
