Industrial Automation

Industrial Automation industry is redefining global manufacturing by enabling smart factories, real time monitoring, and AI powered predictive analytics. valued at over USD 250 billion in 2024, is driven by technologies such as industrial robots, PLCs, SCADA systems, and intelligent automation software, which enhance operational efficiency, safety, and scalability across manufacturing, energy, chemicals, pharmaceuticals, automotive, and logistics sectors. Leading companies including Siemens, ABB, Schneider Electric, and Rockwell Automation are setting benchmarks with advanced automation platforms, while SMEs are increasingly adopting automation through subscription models and Automation as a Service (AaaS).

Key trends in the Industrial Automation market include hyperautomation, collaborative robots (cobots), digital twins, edge computing, IoT enabled sensors and AI-driven process control, which are accelerating decision making and unlocking new levels of operational productivity. It is rapidly evolving as businesses seek real time monitoring, predictive maintenance, energy optimization, and data driven decision making, driving the adoption of connected and autonomous solutions across diverse end user industries.

Looking ahead, it is poised for strong growth, fueled by Industry 5.0 integration, sustainable automation, human machine collaboration, cloud connected operations, and ESG-aligned solutions. Companies that combine technological innovation, service excellence, and digital transformation strategies will define the next wave of leadership in the global Industrial Automation industry, making it a high growth, future ready and strategically essential market for the next generation of industrial operations.

Leading Industrial Automation Company
Siemens AG
Fastest-Growing Automation Trend
Hyperautomation & AI-driven Solutions
Largest Industrial Automation Market
Asia-Pacific

Explore the key insight

Control Systems
The global control systems market is valued at USD 190.70 billion in 2024 and is expanding steadily as industries increasingly focus on automation, digital integration, and operational efficiency. Asia-Pacific leads the market with the largest share, supported by rapid industrialization, strong demand from China, India, and Southeast Asia, and the growth of manufacturing and automation sectors. Europe also accounts for a significant share, driven by advanced industrial infrastructure, stringent regulatory standards, and widespread adoption of smart and automated control solutions. Meanwhile, North America shows consistent growth, fueled by applications in automotive, aerospace, and industrial automation, alongside innovations in IoT-enabled and AI-integrated control systems.Global procurement strategies and market growth are shaped by trade policies, tariffs, and compliance regulations. Asia-Pacific remains a central hub for producing and exporting high-performance control systems to Europe and North America. Opportunities in the market include implementing energy-efficient control solutions, retrofitting older plants with digital automation, and expanding smart factory infrastructure. Market dynamics are further influenced by industrial IoT adoption, sustainability incentives from governments, and increasing demand for predictive maintenance and remote monitoring. In 2023, more than 40% of newly commissioned industrial plants featured IoT-enabled control systems to optimize operations. The global control systems market is moderately concentrated, with leading players such as Siemens, ABB, Emerson Electric, Honeywell, and Yokogawa holding significant shares through strong portfolios in PLCs, DCS, SCADA, and industrial automation solutions. Siemens leverages its strength in industrial software and IIoT-driven platforms, while ABB focuses on sustainable automation and electrification solutions. Emerson and Honeywell emphasize advanced process control, energy efficiency, and IoT integration, particularly in oil & gas and manufacturing industries. Yokogawa maintains a strong presence in Asia with expertise in process automation and digital transformation. Competition is driven by innovation in AI, cloud-based monitoring, and cybersecurity integration, alongside strategic partnerships, acquisitions, and regional expansions aimed at strengthening digital capabilities and meeting the rising demand for smart, connected automation systems.
Drives
The global drives market is valued at USD 28.6 billion in 2024 and is experiencing steady growth as industries embrace energy-efficient, automated, and digitally integrated motion control technologies. Asia-Pacific holds the largest share of the market, driven by rapid industrialization, widespread adoption of automation, and rising demand from China, India, and Southeast Asia. North America also plays a key role, with growth supported by industrial automation, HVAC systems, and electric mobility applications, while the U.S. leads in adopting electric and variable-speed drive technologies. Europe, is expanding steadily due to strict energy efficiency regulations, modernization of industrial processes, and a strong emphasis on sustainable manufacturing practices.Trade policies, import-export regulations, and regional standards significantly influence the drives market. Asia-Pacific continues to act as a major manufacturing hub, exporting high-performance AC and DC drives to North America and Europe. Opportunities lie in smart factory integration, industrial IoT-driven motion control, and electrification of transportation systems, while market dynamics are shaped by fluctuating raw material costs, technological innovation, and rising energy efficiency requirements. A notable trend is the adoption of IoT-enabled drives and predictive maintenance solutions, with over 46% of newly installed industrial drives in 2023 integrating connected monitoring for optimized performance and reduced downtime.The competitive landscape of the drives market is highly consolidated, with major players such as Siemens AG, ABB Ltd., Schneider Electric SE, Rockwell Automation Inc., and Danfoss Group leading global production and technological innovation. Other significant companies include Yaskawa Electric Corporation, Emerson Electric Co., Mitsubishi Electric Corporation, and Eaton Corporation, which focus on advanced VFDs, servo drives, and smart control solutions. Investment priorities for 2024–2025 center on R&D in energy-efficient drives, digital integration, and automation-ready solutions. Strategic acquisitions, partnerships, and product diversification are shaping market competition, while long-term investments emphasize sustainable, connected, and intelligent drives to meet industrial, HVAC, and mobility sector demands worldwide
Smart Manufacturing
The global smart manufacturing market, valued at USD 230.2 billion in 2024, is witnessing steady growth as companies accelerate the use of IoT, automation, and digitalization to enhance operational efficiency. Asia-Pacific dominates the market, benefiting from rapid industrialization, expanding automation and IoT adoption, and strong demand originating from China, India, and Southeast Asia. Europe represents another major region, supported by well-established manufacturing infrastructure, large-scale Industry 4.0 initiatives, and the transition toward connected and digitally enabled production systems. North America, meanwhile, continues to expand its presence in the smart manufacturing market, driven by advancements in AI and robotics, a mature industrial landscape, and the rising need for energy-efficient, flexible manufacturing solutions.The smart manufacturing market is strongly shaped by import-export frameworks, tariffs, and compliance regulations. Asia-Pacific continues to serve as the central manufacturing hub, supplying advanced smart manufacturing solutions to North America and Europe, while procurement strategies are influenced by local policy measures. Opportunities for expansion are increasingly linked to retrofitting existing plants with IoT-enabled machinery, robotics, and digital twin technologies. Rising demand for cloud-based monitoring systems, energy-efficient production, and predictive analytics is also influencing market direction. Additionally, government incentives encouraging smart factory adoption and the global push for sustainable manufacturing are accelerating both integration and growth.Competition in the smart manufacturing industry remains consolidated, with Tier-1 leaders such as Siemens AG, ABB Ltd., Schneider Electric, Honeywell International, and Rockwell Automation driving innovation through advanced manufacturing ecosystems. Tier-2 players and regional providers are strengthening their presence by offering modular and cost-effective solutions tailored to specific industries. Between 2024 and 2025, investments are set to emphasize AI-driven optimization, edge computing, cybersecurity, and digitalization initiatives. Companies are embedding predictive maintenance technologies, robotics, and smart sensors across production facilities, while collaborative partnerships, technology alliances, and research-driven strategies are expected to secure long-term growth and build resilience in connected manufacturing networks.

Industry definition

The industrial automation market is redefining global manufacturing, powering the rise of smart factories, real-time monitoring, and predictive analytics. Valued at over USD 250 billion in 2024, the sector is driven by robotics, PLCs, SCADA systems, and AI-powered process control that enable faster, safer, and more efficient operations.

Global leaders such as Siemens, ABB, Schneider Electric, and Rockwell Automation dominate with advanced automation platforms, while SMEs are increasingly adopting automation through subscription models and Automation-as-a-Service (AaaS). Products ranging from industrial robots and IoT-enabled sensors to intelligent automation software are transforming workflows and boosting productivity.

Emerging trends like hyperautomation, collaborative robots (cobots), digital twins, and edge computing are accelerating decision-making and unlocking scalability. Looking ahead, Industry 5.0, sustainable automation, and human–machine collaboration will drive the next wave of industrial transformation — building smarter, greener, and more resilient production ecosystems.

Automation and Process Control