The Global Factory Automation & Industrial Controls market was valued at $196.64 billion US in 2015 and is estimated to reach $276.23 billion US by 2021, which is growing at a CAGR of 7.03% during 2015–2020.
Increased focus towards manufacturing in developing counties, Internet of Things (IoT) and machine-to-machine (M2M) technologies and focus towards cost cutting and business process improvements are fueling the growth of the factory automation and industrial controls market. While lack of skilled labor and high installation costs are hindering the growth of this market.
Industrial control systems are poised to account for 37% market share in 2015, followed by field devices. Sensors are the highest contributor to the field devices and robotics is the fastest growing segment with a CAGR of 7.79% during the forecast period. North America dominates the FA & ICS market throughout the forecasted period fueled by the industry friendly policies of the government. Asia Pacific is forecasted to exhibit highest growth rate due to rapid increase in the manufacturing facilities.
The major segmentation in the report includes the market estimates by products such as field devices — machine vision, robotics, sensors, motion and drives, relays and switches; industrial control and systems (SCADA, DCS, PLC); manufacturing execution system (MES); enterprise resource planning (ERP); product lifecycle management (PLM). The report provides an in-depth analysis of the FA and ICS market across different geographical regions viz. North America, Europe, Asia-Pacific, Latin America and Middle East and Africa, along with further country-wise segmentation. The FA and ICS market in the report is also segmented on the basis ofIndustry verticals such as automotive, packaging, chemical, power, pharmaceuticals, food processing, oil and gas, textile, plastic and others with negligible market share.
The Factory Automation & ICS market report includes competitive vendor landscape while considering major companies such as Rockwell Automation, Honeywell, GE, ABB, Emerson, Dassault Systemes, Autodesk, Mitsubishi, Schneider Electric, Siemens, Invensys, Aspen Tech, Bosch, Texas Instruments, Johnson Controls and others.