From a projected global industrial automation market jump from $170.2 billion in 2022 to $289.2 billion by 2030, this post breaks down the key growth, regional shares, and emerging technologies driving the sector forward, including AI driven security and IIoT enabled transformation.
Key Takeaways
- 5.2% compound annual growth rate (CAGR) for the global industrial automation market from 2024 to 2030
- Industrial automation market size of $200.2 billion in 2024
- Industrial automation market forecast to reach $295.9 billion by 2030
- In 2022, 56% of industrial companies said they use IIoT to monitor assets remotely (survey)
- In 2021, 58% of industrial executives said interoperability between systems is a major challenge (survey)
- In 2022, 47% of manufacturers planned to implement digital twins within 2 years (survey)
Global industrial automation is set to grow steadily through 2030, reaching about $296 billion as security and digitalization accelerate.
Market Size
15.2% compound annual growth rate (CAGR) for the global industrial automation market from 2024 to 2030[1]
Verified2Industrial automation market size of $200.2 billion in 2024[1]
Verified3Industrial automation market forecast to reach $295.9 billion by 2030[1]
Verified49% CAGR for the industrial automation market from 2023 to 2032[2]
Directional5Industrial automation market projected to reach $309.4 billion by 2032[2]
Single source6Global industrial automation market estimated at $170.2 billion in 2022[3]
Verified7Global industrial automation market projected to reach $289.2 billion by 2030[3]
Verified8Global industrial automation market CAGR of 6.9% from 2022 to 2030[3]
Verified9Global industrial automation market size of $165.7 billion in 2021[4]
Directional10Global industrial automation market projected to reach $278.1 billion by 2030[4]
Single source11Global industrial automation market expected CAGR of 6.1% from 2022 to 2030[4]
Verified12Industrial robotics market revenue forecast to reach $36.7 billion by 2030[5]
Verified13Industrial robotics market size of $9.5 billion in 2020[5]
Verified14Industrial robotics market CAGR of 12.5% from 2021 to 2030[5]
Directional15Process automation market projected to reach $83.1 billion by 2027[6]
Single source16Process automation market size of $54.7 billion in 2022[6]
Verified17Process automation market forecast CAGR of 9.0% from 2023 to 2027[6]
Verified18Industrial control systems (ICS) security market expected to grow from $12.6 billion in 2023 to $33.0 billion by 2030[7]
Verified19Industrial control systems security market CAGR of 15.2% from 2024 to 2032[7]
Directional20Cybersecurity for industrial control systems market projected to reach $27.0 billion by 2030[8]
Single source21Industrial control system (ICS) security market size valued at $8.6 billion in 2022[8]
Verified22B2B industrial automation market in North America projected to reach $71.3 billion by 2030[2]
Verified23Industrial automation market in Asia Pacific projected to be $132.3 billion by 2032 (estimate)[2]
Verified24Smart manufacturing market size of $1,020.0 billion by 2030 (global)[9]
Directional25Smart manufacturing market size of $459.7 billion in 2022[9]
Single source26Smart manufacturing market CAGR of 11.5% from 2023 to 2030[9]
Verified27Industrial Ethernet market projected to reach $7.7 billion by 2027[10]
Verified28Industrial Ethernet market size of $4.6 billion in 2022[10]
Verified29Industrial Ethernet market forecast CAGR of 10.2% from 2023 to 2027[10]
Directional30Industrial wireless market projected to reach $11.2 billion by 2027[11]
Single source31Industrial wireless market size of $6.1 billion in 2022[11]
Verified32Industrial wireless market forecast CAGR of 10.7% from 2023 to 2027[11]
Verified33SCADA market forecast to reach $10.5 billion by 2027[12]
Verified34SCADA market size of $6.5 billion in 2022[12]
Directional35SCADA market forecast CAGR of 9.2% from 2023 to 2027[12]
Single source36DCS market forecast to reach $8.6 billion by 2027[13]
Verified37Distributed control systems (DCS) market size of $5.5 billion in 2022[13]
Verified38DCS market forecast CAGR of 8.1% from 2023 to 2027[13]
Verified39PLC market forecast to reach $11.2 billion by 2027[14]
Directional40PLC market size of $7.7 billion in 2022[14]
Single source41PLC market forecast CAGR of 6.8% from 2023 to 2027[14]
Verified42Global industrial automation market expected to grow at 6.5% CAGR from 2023 to 2032[15]
Verified43Industrial automation market size estimated at $167.3 billion in 2022[15]
Verified44Industrial automation market projected to reach $332.9 billion by 2032[15]
Directional45Global industrial automation investment in 2023 estimated at $74 billion[16]
Single source46Industrial automation spending to increase to $130 billion by 2030 (estimate)[16]
Verified47Europe industrial automation market expected CAGR of 6.1% from 2024 to 2030[1]
Verified48North America industrial automation market share estimated at 33% in 2024[1]
Verified49Asia Pacific industrial automation market share estimated at 40% in 2024[1]
Directional50Middle East & Africa industrial automation market share estimated at 7% in 2024[1]
Single source51Latin America industrial automation market share estimated at 10% in 2024[1]
VerifiedMarket Size Interpretation
With the global industrial automation market rising from $170.2 billion in 2022 to a projected $295.9 billion by 2030 at about a 5.2% CAGR, demand is clearly accelerating well enough that growth forecasts also extend to $309.4 billion by 2032.
Industry Trends
1In 2022, 56% of industrial companies said they use IIoT to monitor assets remotely (survey)[17]
Verified2In 2021, 58% of industrial executives said interoperability between systems is a major challenge (survey)[18]
Verified3In 2022, 47% of manufacturers planned to implement digital twins within 2 years (survey)[19]
Verified450% of top manufacturing companies expected to implement digital twins (by 2025, projection)[19]
DirectionalIndustry Trends Interpretation
With 56% using IIoT for remote asset monitoring and 47% planning digital twins within two years, the industry is clearly shifting toward connected, data-driven operations while interoperability remains a key hurdle as 58% flagged it in 2021.
References
- 1imarcgroup.com/industrial-automation-market
- 2futuremarketinsights.com/reports/industrial-automation-market
- 3precedenceresearch.com/industrial-automation-market
- 5precedenceresearch.com/industrial-robotics-market
- 4transparencymarketresearch.com/industrial-automation-market.html
- 6marketsandmarkets.com/Market-Reports/process-automation-market-50748617.html
- 10marketsandmarkets.com/Market-Reports/industrial-ethernet-market-116246918.html
- 11marketsandmarkets.com/Market-Reports/industrial-wireless-market-195187787.html
- 12marketsandmarkets.com/Market-Reports/scada-market-183330.html
- 13marketsandmarkets.com/Market-Reports/distributed-control-system-dcs-market-1010.html
- 14marketsandmarkets.com/Market-Reports/plc-market-183125.html
- 7alliedmarketresearch.com/industrial-control-systems-security-market-A13777
- 8grandviewresearch.com/industry-analysis/industrial-control-system-ics-security-market
- 9fortunebusinessinsights.com/smart-manufacturing-market-102918
- 15maximizemarketresearch.com/market-report/industrial-automation-market/3965/
- 16bloomberg.com/professional/insights/automation-investment
- 17gartner.com/en/newsroom/press-releases/2022-05-03-gartner-reveals-what-industrial-manufacturers-are-doing-with-iiot
- 19gartner.com/en/newsroom/press-releases/2022-10-11-gartner-says-digital-twins-will-be-implemented-by-fifty-percent-of-top-manufacturing-companies
- 18hpe.com/us/en/insights/articles/industrial-iot-interoperability.html