Welcome to our blog post on Automation And Control Industry Statistics. In this article, we will delve into the latest trends, key metrics, and insights shaping the automation and control industry landscape. Stay tuned to uncover valuable data and analysis that can help you navigate this dynamic sector effectively.
The Latest Automation And Control Industry Statistics Explained
Automation and control systems market size will reach USD 287.6 billion by 2025.
The statistic indicates that the market size for automation and control systems is projected to reach USD 287.6 billion by the year 2025. This suggests a significant growth trajectory in the industry as businesses and industries increasingly adopt automation technologies to improve efficiency, productivity, and streamline operations. Factors such as advancements in technology, the increasing need for process optimization, and the rising demand for smart manufacturing solutions are likely driving this growth in the automation and control systems market. The data provided underscores the expanding significance of automation in various sectors and highlights the continued trend towards automation adoption in the global market.
The global industrial automation control market grew at a CAGR of 7.4% during 2014-2019.
The statistic indicates that the global industrial automation control market experienced a Compound Annual Growth Rate (CAGR) of 7.4% between the years 2014 and 2019. This means that on average, the market value for industrial automation control products and services increased by 7.4% each year over the specified period. A CAGR is a useful measure for assessing the steady growth rate of a market or industry over a specific timeframe, providing insights into the overall trend and performance of the market during the years under consideration. In this case, the positive CAGR suggests that the industrial automation control market was expanding steadily during the five-year period, indicating a growing demand for automation technologies across various industries worldwide.
Robot automation will account for almost a quarter of total automation control market worldwide by 2021.
This statistic suggests that robot automation is expected to grow significantly and play a major role in the automation control market on a global scale by 2021. With nearly a quarter of the total market share expected to be attributed to robot automation, it indicates a shift towards increased reliance on robots to perform tasks traditionally handled by humans or other machines. This growth could be driven by factors such as advancements in technology, increasing demand for efficiency and productivity, and the shifting landscape of industries towards automation. The statistic highlights the growing importance and presence of robots in various sectors and signifies a trend towards greater integration of automation technologies in businesses worldwide.
By 2023, process automation & instrumentation market will grow by $10.94 billion.
The statistic indicates that the process automation and instrumentation market is projected to experience significant growth by the year 2023, with an expected increase in market value of $10.94 billion compared to the current market size. This growth suggests a rising demand for automation and instrumentation technologies across various industries, driven by factors such as increasing focus on efficiency, productivity, and quality control. Companies are likely to invest more in automation solutions to streamline processes, enhance operational effectiveness, and stay competitive in the market. The forecasted expansion of the market highlights the potential opportunities for businesses operating in this sector and the ongoing trend towards digital transformation and innovation in industrial processes.
The control and automation sector is expected to see a 6.2% increase in its CAGR through 2023.
This statistic indicates that the control and automation sector is projected to experience a Compound Annual Growth Rate (CAGR) of 6.2% up to the year 2023. This forecast suggests that over the period analyzed, the industry is anticipated to grow steadily at a rate of 6.2% each year. This growth rate is an important metric for evaluating the sector’s expansion potential, indicating a positive trend in terms of market demand, technological advancements, and overall economic outlook. The higher the CAGR, the faster the industry is expected to grow, signaling opportunities for businesses within the control and automation sector to capitalize on this growth trajectory in the coming years.
By 2027, the manufacturing automation and control systems market is expected to reach USD 197.8 billion.
The statistic indicates a projected value for the manufacturing automation and control systems market in the year 2027, which is estimated to reach USD 197.8 billion. This suggests a substantial growth trend in the industry, driven by advancements in technology, increasing adoption of automation solutions, and the need for efficient and optimized manufacturing processes. The significant valuation reflects the increasing importance and investments in automation and control systems within the manufacturing sector, as businesses aim to enhance productivity, reduce costs, improve quality, and stay competitive in the global market.
The demand for industrial automation is expected to increase by 15% over the next three years.
The statistic indicates that the demand for industrial automation is projected to grow by 15% within the next three years. This growth suggests a positive trend in the adoption of automation technologies within industrial sectors, likely driven by factors such as the pursuit of increased operational efficiency, reduced labor costs, and improved production quality. The anticipated increase in demand could result in a surge in the deployment of automation solutions across various industries, leading to potential advancements in manufacturing processes, enhanced productivity levels, and the creation of new job opportunities in the automation industry. This statistic serves as a valuable insight for companies operating in the industrial automation sector to strategically prepare for and capitalize on the anticipated growth in demand over the coming years.
APAC is currently the leader in the industrial automation market, contributing to about 35% of the global market size.
The statistic that APAC is currently the leader in the industrial automation market, contributing to about 35% of the global market size indicates that the Asia-Pacific region is a dominant force in the industry. With a market share of 35%, APAC surpasses other regions in terms of the adoption and utilization of industrial automation technologies. This statistic showcases the region’s strong economic growth and increasing manufacturing activities, driving the demand for automation solutions. Companies operating in APAC are leveraging automation technologies to improve efficiency, productivity, and competitiveness in their operations, further solidifying the region’s position as a key player in the global industrial automation market.
The adoption of robotics in the U.S. would increase up to 40% within a year or two.
This statistic suggests that there is an anticipated significant increase in the adoption of robotics technology within the United States in the near future, with a projected growth of up to 40% within a span of a year or two. This prediction implies a growing trend towards leveraging robotics in various industries and sectors across the country, potentially due to advancements in technology, increased awareness of the benefits of robots in streamlining processes and enhancing efficiency, as well as potential cost savings. Such a substantial increase in robotics adoption could have wide-ranging implications for businesses, the workforce, and overall economic productivity in the U.S.
By 2024, 50% of manufacturing industries across the world will be using AI for operational plants.
The statistic that by 2024, 50% of manufacturing industries worldwide will be utilizing artificial intelligence (AI) for operational plants suggests a significant shift towards automation and data-driven decision-making in the manufacturing sector. This projection indicates that an increasing number of manufacturing companies are recognizing the potential benefits of implementing AI technologies to enhance efficiency, productivity, and quality in their operations. By integrating AI into their operational plants, manufacturers can streamline processes, optimize resource allocation, improve predictive maintenance, and ultimately, stay competitive in an evolving global market. As AI continues to evolve and become more accessible, it is likely that the adoption of AI technologies in manufacturing will continue to grow beyond 2024, transforming the industry landscape in the years to come.
Industrial manufacturers spend an average of 19% of the total production time on setup and adjustments.
This statistic indicates that industrial manufacturers allocate approximately 19% of their total production time towards activities related to setup and adjustments in their manufacturing processes. This could include tasks like preparing machinery, changing tooling, calibrating equipment, and making other necessary adjustments to ensure smooth and efficient production. The emphasis on setup and adjustments highlights the significance of properly configuring and fine-tuning equipment to optimize production processes and enhance overall operational efficiency within industrial manufacturing settings. By focusing on these aspects, manufacturers can potentially reduce downtime, improve product quality, and increase productivity in their operations.
As of 2019, the market size of the Industrial control and factory automation was $121.5 billion.
The statistic indicates that in 2019, the Industrial control and factory automation market was valued at $121.5 billion. This figure represents the total value of goods and services within the industry that includes technologies such as programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems used in manufacturing and industrial processes. This market size measurement serves as a key indicator of the scale and economic significance of the Industrial control and factory automation sector, highlighting its substantial contribution to the overall global economy and its role in advancing technological capabilities in industrial settings.
By 2025, more than 50% of the current workforce in industrial automation will be nearing retirement.
The statistic “By 2025, more than 50% of the current workforce in industrial automation will be nearing retirement” indicates that a significant portion of the workforce in the field of industrial automation, which includes roles such as industrial engineers, technicians, and system integrators, will be reaching retirement age by the year 2025. This impending wave of retirements could potentially lead to a shortage of experienced professionals in the industry, creating both challenges and opportunities for companies operating in the industrial automation sector. It suggests a need for succession planning, upskilling initiatives, and recruitment efforts to ensure a smooth transition and the continued growth and innovation of the industry in the coming years.
By 2024, Predictive maintenance market in manufacturing is set to grow from $2.2 billion to $6.3 billion.
The statistic “By 2024, the predictive maintenance market in manufacturing is set to grow from $2.2 billion to $6.3 billion” indicates a significant expected increase in the market size for predictive maintenance solutions within the manufacturing industry. This implies a compound annual growth rate over the specific period. The projected growth suggests an increasing adoption of predictive maintenance strategies by manufacturing companies to optimize their operations, reduce downtime, and proactively address maintenance issues before they escalate. This growth is likely driven by advancements in technology such as the Internet of Things (IoT), artificial intelligence, and data analytics, which enable more efficient and cost-effective predictive maintenance solutions. The expansion of the market signals a shift towards data-driven decision-making and a focus on maximizing production efficiency and equipment reliability in the manufacturing sector.
The total shipments of industrial robots increased by 30% yearly from 2016 to 2019 in China.
The statistic indicates that the total shipments of industrial robots in China experienced an annual growth rate of 30% from 2016 to 2019. This means that the number of industrial robots being shipped to customers in China each year increased by 30% on average over this four-year period. Such a significant increase points towards a growing demand for industrial automation solutions in China, which could be driven by factors such as advancements in technology, increasing labor costs, and a push towards improving manufacturing efficiency and productivity. This growth trend suggests a positive outlook for the industrial robotics industry within the Chinese market during this time period.
By 2030, automation could raise productivity growth globally by 0.8 to 1.4% annually.
The statistic indicates that by the year 2030, the implementation of automation technologies across various industries has the potential to significantly increase productivity growth on a global scale. Specifically, it is estimated that automation could lead to an annual productivity growth rate increase of 0.8% to 1.4%. This means that through the use of advanced technologies such as robotics, artificial intelligence, and machine learning, businesses and economies could become more efficient and effective in their production processes, ultimately driving higher levels of output with the same or reduced input. Such advancements in automation have the potential to revolutionize industries, create new opportunities for innovation and growth, and ultimately contribute to a more prosperous global economy.
By 2022, 70% of enterprises expect to implement digital twins for IoT systems, an increase from just 13% in 2018.
The statistic indicates a substantial growth in the adoption of digital twins for IoT systems among enterprises, with a projected increase from 13% in 2018 to 70% by the year 2022. A digital twin is a virtual representation of a physical object or system that enables real-time monitoring, analysis, and simulation to optimize performance and predict outcomes. With the rapid advancement of technology and the growing recognition of the benefits of digital twins in improving operational efficiency, minimizing downtime, and enabling predictive maintenance, a significant majority of enterprises are expected to leverage this technology in their IoT systems within the next few years, highlighting the increasing importance and relevance of digital twins in industrial settings.
Conclusion
The statistics presented in this blog post shed light on the promising growth and opportunities within the automation and control industry. With increasing adoption of automation technologies across various sectors, it is evident that this industry is poised for significant development in the coming years. Organizations that embrace automation and control solutions stand to benefit from improved operational efficiency, reduced costs, and enhanced productivity. As the industry continues to evolve, staying informed about the latest trends and statistics will be crucial for businesses looking to stay competitive and innovative in this rapidly changing landscape.
References
0. – https://www.www.technavio.com
1. – https://www.www.vantiq.com
2. – https://www.www.cisco.com
3. – https://www.www.alliedmarketresearch.com
4. – https://www.www.controleng.com
5. – https://www.ifr.org
6. – https://www.www.mckinsey.com
7. – https://www.www.grandviewresearch.com
8. – https://www.www.imarcgroup.com
9. – https://www.blog.puls.com
10. – https://www.www.iso.org
11. – https://www.www.visiongain.com
12. – https://www.info.microsoft.com
13. – https://www.www.fortunebusinessinsights.com
14. – https://www.riskandinsurance.com
15. – https://www.www.fool.com
16. – https://www.www.mordorintelligence.com
