Industrial Control and Factory Automation: 2019-2024

Autumn Market Research projects that the global market for industrial control and factory automation
is estimated to reach $255.4 billion by 2024, growing at a CAGR of 9.4% over the forecast period
(2019-2024). The market is driven by increasing applications across a wide range of industries such
as aerospace & defense, transportation, electrical & electronics, manufacturing, food & beverages, oil
& gas, pharmaceuticals, chemicals and water management to reduce time and cost.

The technologies used for industrial control and factory automation has boosted and enabled the
integration of control, operations and automation process. Ceskaa’s projection for global industrial
control and factory automation market highlights the significant growth potential of the market. As
the organizations around the world are increasingly moving away from traditional systems of
production and towards integrated networks, which include both automated software and hardware
elements, shows a considerable potential to boost the market of global industrial control and factory
automation over the forecast period.

The study outlines the market structure and offers in-depth analysis of the industrial control and
factory automation market by technology types (SCADA, PLM, PLC, DCS, HMI, MES, Safety, and
Others), component types (Cables, Control Devices, Control Valves, Enclosures, Field Instruments,
Industrial Network, Industrial Robots, and Machine Vision), industry types (Discrete and Process),
and regions (North America, Europe, Asia-Pacific, South America, and ROW). The study also
provides the competitive landscape of the market, along with economic, industry- and region-specific,
and technological trends driving the industrial control and factory automation market over the
forecast period.