How big is the Industrial Automation Market?

The Industrial Automation Market size is expected to reach USD 203.05 billion in 2024 and grow at a CAGR of 8.77% to reach USD 309.16 billion by 2029. Read More

What is the current Industrial Automation Market size?

In 2024, the Industrial Automation Market size is expected to reach USD 203.05 billion. Read More

Who are the key players in Industrial Automation Market?

Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Co. and ABB Limited are the major companies operating in the Industrial Automation Market. Read More

Which is the fastest growing region in Industrial Automation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Automation Market?

In 2024, the Asia Pacific accounts for the largest market share in Industrial Automation Market. Read More

What years does this Industrial Automation Market cover, and what was the market size in 2023?

In 2023, the Industrial Automation Market size was estimated at USD 185.24 billion. The report covers the Industrial Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Automation Market Share

Statistics for the 2023 & 2024 Industrial Automation market share, created by Mordor Intelligence™ Industry Reports. Industrial Automation share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Industrial Automation Industry

The industrial automation market is highly fragmented due to the presence of small and medium-sized enterprises and global players. Some of the major players in the market are Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Co., and ABB Limited. Key players in the market are adopting strategies such as acquisitions and partnerships to enhance their product offerings and gain sustainable competitive advantage.

June 2024 - Rockwell Automation announced a partnership with NVIDIA to expedite the development of safer and smarter industrial AI mobile robots. The collaboration is anticipated to drive the use of AI in autonomous mobile robots (AMRs), improving their performance and efficiency.
February 2024 - Schneider Electric, in partnership with tech giants Intel and Red Hat, unveiled a new software framework, the Distributed Control Node (DCN). Building upon Schneider Electric's EcoStruxure Automation Expert, this innovative framework empowers industrial firms to transition to a software-defined, plug-and-play model. This shift boosts operational efficiency and quality and streamlines processes, ultimately leading to cost savings.