Global Industrial and Factory Automation Market Analysis and Forecast (2013 – 2018) 08/03/2013 | Page 8
REPORT DESCRIPTION
Industrial and specifically factory automation is the use of different control systems, software
and other technologies for automation of the factory. The day to day technological
advancements are helping the manufacturing process and other such tasks perform a lot faster
and cost effective. The use of these technologies increases productivity, quality, almost negates
wastage, faster interaction with different departments within the company and other such perks.
The challenges for this market are reduced security and high installation and maintenance costs.
The biggest market for this industry exists in china which is the primary hub of global
manufacturing industry. China for example accounts for more than 60% of Siemens control
systems manufacturing. The need for automation is due to growing need for better quality
products with increased production rates and also to reduce the labor costs.
The Industrial Automation Equipment and Services Market is slated to grow at 7.05% CAGR
for the next five years. The market is estimated to reach $283.2bn by 2018.
SAMPLE TABLE 1: Global Industrial Automation Market ($Bn), by Type
(2013-18)
Type
2013
2014
2016
2018
CAGR (%)
2013-2018
Control systems
xx
xx
xx
xx
xx
Sensors
xx
xx
xx
xx
xx
Instrumentation
xx
xx
xx
xx
xx
Software
xx
xx
xx
xx
xx
Others
xx
xx
xx
xx
xx
155.5
xx
xx
283.2
7.05
Total
Source: IndustryARC Analysis
Control systems have the largest market in factories with M2M interaction making the process
completely automated. Software’s like ERP gives business management solutions, PAC aids with
M2M interaction in control systems. Sensors help in differentiating, error control and production
management.
IndustryARC | 8