As we embark on this digital era, the industrial landscape continues to innovate and transform at an unprecedented pace. At the forefront of this revolution is industrial automation, a game-changing technology streamlining business processes, enhancing productivity, and redefining the traditional industrial operations. In order to truly appreciate the scale and impact of this technological revelation, diving into industrial automation industry statistics offers valuable insights. Join us as we navigate the maze of facts and figures, shedding light on the past, present, and future of the rapidly evolving world of industrial automation. Whether you’re a business leader, tech enthusiast, or simply intrigued by the buzzword ‘automation’, this data-driven exploration promises to irrevocably augment your understanding of this dynamic sector.
The Latest Industrial Automation Industry Statistics Unveiled
The global industrial automation market is anticipated to reach more than USD 300 Billion by 2027, growing at a CAGR of approximately 9% during the forecast period from 2020-2027.
Illuminating the path ahead, the prediction of the global industrial automation market soaring beyond the USD 300 Billion mark by 2027 provides a striking insight into the promising prospects of this sector. Augmenting at a CAGR of around 9% from 2020 to 2027, the projection not only lays out the burgeoning growth expected in this realm, but also underscores the increasing dominance of automation technologies in the industrial sector. As we parse these figures, let’s envisage the vast opportunities to innovate, the potential for leaps in efficiency, productivity, safety and sustainability, all while transforming the way industries operate. Truly, the pulse of this industry is racing, making these statistics a vibrant lifeline for anyone connected to, or interested in, industrial automation.
The process automation sector dominates the market, accounting for over 60% of global revenue.
Illuminating the grand tapestry of the industrial automation industry, it’s noteworthy to spotlight the heavyweight contender known as the process automation sector. Its titanic market presence, single-handedly seizing over 60% of global revenue, plays a crucial backdrop in the unfolding narrative of this industry. The colossal dominance underscores the sector’s growing potency, a crucial turning point that amplifies its pivotal role in shaping future trends, investments, and technological innovation within the industrial automation sphere.
The automotive industry accounts for a substantial share (28.6%) of the industrial automation market.
Highlighting the statistic that a significant chunk, specifically 28.6%, of the industrial automation market is taken up by the automotive industry, provides a vivid illustration of the sheer magnitude of influence this sector wields. It foregrounds the important role it plays in driving innovation and growth within the industry. Thus, it serves as a potent reminder for readers, not only of the symbiotic relationship between the automotive industry and industrial automation, but also of the driving force this relationship can be in paving the path for future technological advancements. Consequently, it positions the automotive sector as a key player to watch in the context of industrial automation trends and developments.
By 2025, the robotics segment of industrial automation is expected to reach USD 209.3 billion.
Unveiling the future magnitude of the robotics segment in the sphere of industrial automation, the projected financial worth of USD 209.3 billion by 2025 paints an impressive growth story. This lofty numerical figure not only underscores the vibrancy and dynamic potential within the sector but, quite importantly, highlights how lucrative and in-demand these automated services will be in the coming years. This sort of anticipatory data is an essential flashlight in the path of investors, policymakers, and businesses eyeing to tap into, invest, or adapt to the automated future. Thus, having such figures at their fingertips, thanks to the world of industrial automation industry statistics, provides the recipients with critical foresight, aiding informed decision-making and strategic planning.
The US industrial automation equipment market is expected to exceed $88 billion by 2026.
Forecasting a surge beyond $88 billion by 2026, the US industrial automation equipment market exhibits a notable trend. This prediction offers an intriguing lens into the upward trajectory of this sector, spotlighting its potential scale and significance. In the context of an industrial automation industry statistical analysis, this projection provides a quantified perspective on economic growth, technology adoption, and job transformation. It underscores the anticipated dominance of automation over traditional industrial methods, reflecting the industry’s evolving face and emphasising the strategic importance of staying ahead in this rapidly advancing domain. This number is not merely a statistic; it encapsulates the future shape of the industrial landscape, reinforcing the value of studying, understanding, and harnessing industry data.
The Asia-Pacific region dominates the industrial automation market, contributing about 47% revenue to the global market.
Delving into the labyrinth of industrial automation industry statistics, one soon stumbles upon a pivotal pointer – The Asia-Pacific region emerges as the forerunner, contributing a mammoth 47% revenue to the global market. This nugget of information is the guiding star in the vast cosmos of industry statistics, revealing the lion’s share of influence this region wields on the global stage.
This dimension of data is not merely a number but a prism of perspectives. It underlines the growing economic power of Asia-Pacific countries in reshaping the contours of the industrial automation market, serving as a beacon for potential investors and industry behemoths. Reflecting the region’s potent role, it further highlights global trends, competition, growth dynamics, and future markets in the sphere of industrial automation, hence becoming an indispensable tool for strategic decision-making. So, when eyeing the industrial automation industry landscape, this statistic serves as both a compass and a map, etching the prolific presence of the Asia-Pacific region.
Approximately 32% of manufacturers view the lack of skilled workforce as a barrier in adopting automation technologies.
The forementioned statistic serves as a critical lens to view one of the most substantial hurdles faced by the industrial automation industry. With around a third of manufacturers identifying the shortage of adequately trained personnel as a deterrent to embracing automation, it illustrates that advancements in technology alone cannot propel productivity growth or industrial evolution. This insight underscores the importance of investing in skill development and education to ensure a smooth and successful transition towards automation, casting a beacon of attention on a pressing area for intervention and improvement. The path to progress, as suggested, lies in addressing this significant bottleneck by facilitating a workforce better prepared for these emerging technologies.
By 2025, the Industrial Internet of Things (IIoT) market is expected to reach USD 263.4 billion, growing at a CAGR of 16.7%.
This powerful projection serves as a beacon spotlighting the tremendous growth trajectory of the Industrial Internet of Things (IIoT) market. Looking through the lens of industrial automation, this estimate further cements the significance of IIoT technologies in driving the next wave of industrial revolution. With an anticipated market value of USD 263.4 billion by 2025 and a stunning compound annual growth rate (CAGR) of 16.7%, it’s evident that IIoT is not just a passing trend, but a pivotal element of industrial transformation.
In an era where data and connectivity serve as the lifelines of progress, IIoT effectively represents the merging of physical and digital worlds in industrial operations. The projection of its financial value in the near future is a reflection of both the investments being made in this sector and the expected return in the form of increased productivity, efficiency, and reduced operational costs beyond 2025. For readers of a blog focused on industrial automation, the sheer scale of this anticipated growth may serve to shape understanding and drive home the vital role of interconnected devices in the broader automation landscape.
About 30% of tasks in 60% of occupations could be automated with current technology.
Delving into the intriguing realm of industrial automation, the statistic – “About 30% of tasks in 60% of occupations could be automated with current technology” – paints an enlightening picture of the future. It illuminates the scale of innovation to which the industry could ascend thanks to technology. This notable percentage demonstrates that automation, once a fantastical dream, is no longer a question of ‘if’ but ‘when’. It reinforces just how much automation stands ready to revolutionize our lives, from the smallest daily tasks, to the operations of whole industries. Moreover, it provides a powerful testament to the far-reaching potential of emerging technologies such as AI and robotics. This statistic, ultimately, serves as a harbinger of change and source of inspiration for stakeholders in the industrial automation sector looking to uncover untapped potentials and new horizons of productivity.
As per a survey by Accenture, 76% of business leaders expect their current business models to be unrecognizable in the next 5 years, with industrial automation being the key driver of change.
The very heartbeat of any blog post about industrial automation industry statistics resonates strongly with this revealing figure from Accenture: an astonishing 76% of business leaders foresee their current business models evolving into something unfamiliar within the next half-decade, primarily propelled by industrial automation. This compelling statistic not only paints a vivid portrait of the lightning-fast pace at which the industry is advancing, but also underscores the sweeping scale of change we can expect. Furthermore, it hints at the immense adaptiveness required of today’s business leaders, and the heightened importance of staying abreast with technological frontiers in the age of automation. It’s a testament to the disruptive power of industrial automation, illuminating the transformative journey that industries are set to embark upon.
According to PwC, over the next decade, 4 out of 5 manufacturers plan to increase their level of automation.
From the grand lens of PwC’s projection, envision a significant shift in the manufacturing landscape where automation takes center stage. A staggering four out every five manufacturers strategize to elevate their automation game in the coming decade. This statistic serves as a striking revelation in the chronicle of industrial automation industry statistics, reinforcing how integral automation has become in driving efficiency, productivity and competitiveness. Not only does this number reflect the changing face of manufacturing, it also anticipates industry trends, the implications of which promise exciting exploration within the blogging space.
Europe industrial automation market is expected to reach USD 135.9 Billion by 2027, growing at a CAGR of 8.2%.
Forecasting an impressive growth of 8.2% in industrial automation, the prediction of the European market size rocketing to USD 135.9 Billion by 2027 serves as a testament to the increasing importance and implementation of automation technologies in industries. This explosive projection embodies how industrial automation is reshaping Europe’s manufacturing landscape. It is this very metamorphosis that is slated to drive a higher demand for technologies such as robotics, artificial intelligence, and machine learning. Over the next six years, businesses and manufacturing units should therefore brace themselves for a seismic shift, where automation will be at the epicentre of industrial operations, paving the way for enhanced efficiency, productivity, and profitability. This statistic is not just a number; it is a signal of the upcoming irreversible transformation in the way industries function.
Global expenditure on industrial software for automation was USD 23.1 billion in 2019 and is expected to grow at a CAGR of 8.5% over 2020-2025.
Clearly demonstrating an upward trend, the projection of an 8.5% Compound Annual Growth Rate (CAGR) for global industrial automation software expenditure from 2020-2025 creates a vivid picture of the escalating relevance and demand for automation in the industrial sector. The evolution from a $23.1 billion expenditure in 2019 to potentially higher values over the following years underscores the increasing injection of financial resources into automation technology. This signals not only the vibrancy, but also the innovation and growth opportunities that industrial automation holds. This proof of financial commitment and projected growth forecasts an exciting narrative for the future of the industrial automation industry.
Industrial robots market size worldwide is projected to reach USD 42.29 billion by 2026, at a 10.4% CAGR during the forecast period.
“Delving into the transformative realm of industrial automation, we cannot sideline the impressive projection of the industrial robots market size set to soar to USD 42.29 billion by 2026. The acceleration symbolized by a 10.4% Compound Annual Growth Rate not only underscores the magnitude of the industry’s growth trajectory but also serves as a crucible for deciphering future trends. This statistic, woven into the fabric of the industrial automation narrative, paints a vivid picture of progressive adoption, economic potential, and technological prowess – all vital forces driving the Industrial Revolution 4.0 onwards. By informing strategies and business decisions, this remarkable statistic becomes the pulsing heart of any in-depth exploration of industrial automation industry statistics.”
The Industrial Control Systems (ICS) market, a significant part of industrial automation, is expected to reach around USD 181.6 billion by 2027.
Delving into the fascinating world of industrial automation industry statistics reveals some intriguing projections. Specifically, the anticipation of the Industrial Control Systems (ICS) market skyrocketing to approximately USD 181.6 billion by 2027 strikes a powerful chord. This anticipated leap signifies a visible acceleration in the adoption of automated solutions in various industries. A bright beacon of assured growth, it marks an era where machines, software, and technology orchestrate the realm of manufacturing and production. It’s worth remembering that ICS forms a substantial part of this revolution, thereby underlining the increasing reliance and trust in automated systems. Additionally, this monetary magnification in the ICS market reflects vibrantly on the potential economic impact that industrial automation can produce on a global scale.
The machine vision technology, an essential component of industrial automation, is projected to reach USD 14.72 billion by 2022.
Forecasting a skyrocketing figure of USD 14.72 billion by 2022 for machine vision technology underscores its burgeoning significance in the future of the industrial automation landscape. This potent projection illuminates its position as an indispensable cog in the industry’s machinery, directing our attention towards the ongoing transformative strides. Through this, we grasp how deeper integration of such technologies can realign operational efficiencies, productivity, and accuracy in industries — a crucial understanding for anyone critically examining the mechanics of industrial automation. This astonishing statistic, therefore, serves as a compelling testament to the pivotal role played by machine vision technology in shaping the contours of modern industrialization.
PLC (Programmable Logic Controller) market, a key component in industrial automation, is projected to reach USD 15.2 billion by 2023, growing at a CAGR of 5.61% from 2017.
Highlighting the projected growth of the Programmable Logic Controller (PLC) market underscores the burgeoning potential in the realm of industrial automation. The elevation of the PLC market to a remarkable USD 15.2 billion by 2023, propelled by a robust CAGR of 5.61% from 2017, paints a tapestry of vibrancy for this key industrial automation component. Considered vital for any and every technological transformation narrative in the industrial space, the predicted progression of the PLC market effectively translates into a conveyor belt of opportunities, signaling brighter horizons for the players in the industrial automation landscape. With an escalator to future growth in place, these PLC market projections provide valuable insights for a blog post on industrial automation industry statistics, shaping strategies and directing investments in the right direction.
The discrete industries are expected to hold the largest size of the industrial automation market, with a valuation of $78.0 billion in 2020.
Highlighting the robust valuation of $78.0 billion in 2020 for the discrete industries within the industrial automation market is a clear signal of the industry’s financial health and prime position within the economy. It underlines the sheer scale and tangible impact these industries have, which is crucial for those wishing to get a panoramic view of this sector. Furthermore, this concrete figure, which speaks louder than words, can inspire confidence in potential investors, industry participants, and adroit market observers, driving further interest in the industry. This vital metric sets the tone for future market forecasts and is a powerful testament to the opportunities present within the industrial automation market.
Manufacturing execution system (MES), a crucial part of industrial automation, is expected to grow at a CAGR of 11.1% from 2020 to reach $22.0 billion by 2027.
Unveiling the impactful trajectory of the industrial automation sector, the forecasted Compound Annual Growth Rate (CAGR) of 11.1% for the Manufacturing Execution System (MES) from 2020 to 2027 offers a telling feature of the industrial narrative. The MES, a critical component of industrial automation, is anticipated to skyrocket to a staggering value of $22.0 billion by 2027. This textured statistic adds evidence of the sector’s vibrant growth, signifying not only the escalating adoption and integration of technology within manufacturing processes, but also the expanding market opportunities in the evolution of automated solutions. In the context of providing insights and trends in the industrial automation sphere, this stark number reflects the ongoing momentum and dynamic potential of this field; all aspects that add up to a compelling and insightful blog post about industrial automation industry statistics.
By 2026, SCADA systems, a fundamental part of industrial automation, are forecasted to reach a market size of $53.23 billion USD, up from $32.70 billion USD in 2021.
In the pulsating world of industrial automation, the market growth of SCADA systems heralds a profound metamorphosis. A leap from $32.70 billion USD in 2021 to an impressive $53.23 billion USD by 2026 spotlights a surging demand and an embracing of automated supervisory control. This bullish trend not only exemplifies the shifting gears of the industrial sector, but also flags the increasing gravitational shift towards intelligent systems. A deep dive into these figures offers an illustrative roadmap of the industrial automation landscape in the coming years, anchoring SCADA systems as the keystone of this unfolding revolution.
Conclusion
In sum, the industrial automation industry has shown impressive growth and resilience, painting a future full of potential. The indispensability of automation technologies have been made evident by the compelling statistics outlined in this piece. These numbers tell stories of increased efficiency, cost-effectiveness, and operational excellence within industries across the globe. As technology continues to evolve at a fast clip, the landscape of industrial automation is anticipated to shift and mold to new advancements. It is clear that businesses willing to adapt and invest in these technologies will lead the way forward. The power of data will continue to drive decision-making in this sector, further revolutionizing the world of industrial automation. Stay tuned, this is just the beginning.
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