Automation Components Market By Product Type (Control Devices, Sensors, Actuators, Human-Machine Interface (HMI), Industrial Robots), By Application (Industrial Automation, Process Automation, Building Automation, Automotive, Food & Beverage, Pharmaceutical), By End-User Industry (Automotive, Oil & Gas, Energy & Power, Manufacturing, Food & Beverage, Pharmaceuticals, Chemicals), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Automation Components Market was valued at USD 119.3 billion in 2023 and will surpass USD 283.5 billion by 2030; growing at a CAGR of 13.2% during 2024 - 2030.

The global automation components market has seen significant growth in recent years, driven by advancements in technology, the increasing adoption of automation across industries, and the demand for greater efficiency and precision in production. Automation components, which include control devices, sensors, actuators, industrial robots, and human-machine interfaces (HMI), are integral to industries ranging from manufacturing and automotive to pharmaceuticals and food & beverage. These components enhance operational efficiency, improve product quality, and reduce labor costs, making them a critical part of the industrial automation ecosystem. This market is expected to continue growing as industries increasingly embrace smart technologies and Industry 4.0 solutions.

Control Devices Segment is Largest Owing to Their Pervasiveness in Automation Systems

The control devices segment is the largest within the automation components market, primarily due to the pivotal role they play in various automation systems. Control devices, including programmable logic controllers (PLCs), distributed control systems (DCS), and supervisory control and data acquisition (SCADA) systems, form the backbone of industrial automation. They are used to regulate, monitor, and control various processes in industries such as manufacturing, oil & gas, and energy.

The widespread use of control devices stems from their ability to efficiently manage complex systems, ensuring seamless integration of other automation components. They enable real-time control, data acquisition, and monitoring, which are essential for optimizing operational processes. As industries continue to automate their operations and move towards Industry 4.0, the demand for advanced and more efficient control devices is expected to grow, further solidifying the segment’s dominance in the market.

Industrial Automation Application is Fastest Growing Owing to Increased Demand for Efficiency

Among the various applications in the automation components market, industrial automation is the fastest-growing segment. The increasing demand for higher efficiency, precision, and productivity in manufacturing processes has led to the widespread adoption of industrial automation technologies. Automation components such as sensors, actuators, and industrial robots are essential for streamlining production lines, reducing downtime, and enhancing overall product quality.

The industrial automation segment is benefiting from the continuous advancements in robotics, artificial intelligence (AI), and machine learning, which are enabling companies to optimize their manufacturing operations further. As industries like automotive, consumer goods, and electronics focus on improving their operational efficiency and reducing labor costs, the demand for industrial automation components is expected to surge, making it a key driver of market growth.

Automotive End-User Industry is Largest Due to Robust Automation in Manufacturing

In terms of end-user industries, the automotive sector represents the largest subsegment in the automation components market. Automation plays a critical role in automotive manufacturing, where components such as industrial robots, actuators, and control devices are used for tasks like assembly, painting, welding, and quality inspection. The automotive industry is one of the pioneers in adopting automation technologies to increase production speed, improve precision, and reduce human error in the manufacturing process.

The automotive industry's commitment to achieving higher levels of automation in both assembly lines and supply chains is driving the growth of this segment. As manufacturers look to scale production while maintaining quality, the demand for automation components in the automotive sector is expected to remain robust. Moreover, the push toward electric vehicles (EVs) and autonomous driving technologies is further driving demand for advanced automation systems in the automotive sector.

Asia-Pacific Region is Fastest Growing Owing to Rapid Industrialization

The Asia-Pacific (APAC) region is the fastest-growing market for automation components, driven by rapid industrialization, increasing adoption of smart manufacturing solutions, and a shift towards automation in emerging economies like China, India, and Southeast Asian nations. The region is home to some of the largest manufacturing hubs globally, with industries such as automotive, electronics, and textiles heavily investing in automation technologies to increase production efficiency and reduce costs.

In addition to industrialization, the growing emphasis on digitalization and the integration of Internet of Things (IoT) solutions are further propelling the demand for automation components. As countries in the APAC region continue to invest in infrastructure development and technological advancements, the automation components market is expected to see significant growth, making it a crucial region for future market expansion.

Competitive Landscape and Leading Companies

The automation components market is highly competitive, with numerous global and regional players operating across various subsegments. Leading companies such as Siemens AG, Rockwell Automation, Schneider Electric, Honeywell International, ABB Ltd., and Mitsubishi Electric are key contributors to market growth. These companies offer a wide range of products, including control devices, sensors, actuators, industrial robots, and HMI systems, catering to diverse industries like automotive, manufacturing, and oil & gas.

In order to stay ahead in the market, these companies are increasingly focusing on product innovation, strategic partnerships, and acquisitions. They are also investing in research and development (R&D) to enhance their automation solutions with new technologies like AI, machine learning, and IoT. The competitive landscape is also marked by a growing emphasis on sustainability and energy efficiency, as industries seek greener automation solutions to meet global environmental standards. The rising demand for automation solutions in emerging markets, particularly in Asia-Pacific, is expected to drive intense competition among these key players, encouraging further innovation and market consolidation.

List of Leading Companies:

• Siemens AG
• Rockwell Automation, Inc.
• Schneider Electric
• Honeywell International Inc.
• ABB Ltd.
• Emerson Electric Co.
• Mitsubishi Electric Corporation
• Yokogawa Electric Corporation
• Bosch Rexroth AG
• Festo AG
• General Electric
• Omron Corporation
• Beckhoff Automation GmbH
• KUKA AG
• Panasonic Corporation

Recent Developments:

• Siemens and Bentley Systems announced a partnership to provide advanced automation and digital solutions, leveraging automation components to streamline industrial workflows and improve efficiency in sectors like manufacturing and infrastructure.
• Rockwell Automation acquired ASEM S.p.A., an Italian provider of industrial automation solutions. The acquisition will enhance Rockwell’s portfolio in the industrial automation components sector, especially in the areas of human-machine interface (HMI) and control systems.
• Schneider Electric launched a new smart factory solution that incorporates cutting-edge automation components such as sensors and controllers, aimed at improving operational performance and energy efficiency in manufacturing facilities.
• Honeywell unveiled a new industrial control platform designed to enhance automation in manufacturing plants. The platform integrates advanced automation components to improve process reliability, safety, and efficiency.
• ABB secured a major order for automation systems from a leading mining company. The order includes a range of automation components such as actuators and control devices to improve mining operations and energy efficiency.

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