Industrial Controls and Robotic Market Size, Share, Growth, and Industry Analysis, By Type (Industrial Control Systems, Field Devices and Manufacturing Execution Systems), By Application (Power, Textiles, Automotive, Chemicals, Printing and Packaging, Plastics, Oil and Gas, Pharmaceuticals, Food Processing and Semiconductors) and Regional Forecast to 2032

Updated On: 04 November 2024

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INDUSTRIAL CONTROLS AND ROBOTIC MARKET REPORT OVERVIEW

The Industrial Controls and Robotic Market Size was Valued at US$ 1385.51 Million in 2023. The Market is likely to Surpass US$ 18678.77 Million by 2032 at a CAGR of 3.06% During the Forecast period [2024-2032].

Lumps for industrial controls and robotics are the smallest components of the overall market of manufacturing and industrial verticals that are responsible for redesigning the architecture in productivity, precision, and automation in many Industrial verticals. Industrial controls can thus be considered as the numerous appliances, technologies or systems that are used in monitoring, controlling or operating these industries for the benefit of the industries or their management. Such controls include; Programmable Logic Control systems, Input/output controls, Sensor/actuator controls, Supervisory Control And Data Acquisition systems.

COVID-19 Impact: Market Growth restrained by the Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

This Covid-19 pandemic affected various raw materials and regulating instruments, controls, automation, robotics and other frameworks used in construction of industrial control systems. Redundancy in employees, ceasing of operations in factories, restricted movement and many other related constraints affected the delivery of the components required for the production process.

LATEST TRENDS

"Industry 4.0 and Smart Manufacturing to Propel Market Growth"

Industry 4. 0 and intelligent manufacturing is considered as a new shift in the industrial controls and robotics market that changes routine manufacturing industries by integrating modern technological and automation innovations. Industry 4. at large is defined by the following: bridging CPS, IoT, AI, and cloud computing to design smart contexts for manufacturing systems and adopting integration information. Concerning the cases of industrial controls, Industry 4. Google 0 allows for the merging of OT and IT that promotes the flow of communication between devices in the process manufacturing environment, as well as other Enterprise Software systems.

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INDUSTRIAL CONTROLS AND ROBOTIC MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Industrial Control Systems, Field Devices and Manufacturing Execution Systems.

• Industrial Control Systems- Industrial Control Systems are the behind the automation systems in production plants and consist of equipment and applications used to supervise and manage industrial processes and equipment.

• Field Devices- Field devices are installations, which are placed at various sections of the industrial processes to measure and control physical attributes. These devices connect themselves with the Industrial control systems for the purpose of acquiring and relaying information and also acting on control signals.

• Manufacturing Execution Systems- MES are electronic systems that deal with a centralized or distributed control and regulation of production activities at the FLO. Manufacturing execution systems are the link between the ERP and a manufacturing company’s operations; they offer real-time monitoring, managing, and tracking of production activities.

By Application

Based on application the market can be categorized into Power, Textiles, Automotive, Chemicals, Printing and Packaging, Plastics, Oil and Gas, Pharmaceuticals, Food Processing and Semiconductors.

• Power- In the generation and distribution of powers for industries, the uses of industrial controls to control and oversee important procedures like those of the turbines, the power grid, and the integration of power from the renewable sources of energy. In maintenance activities, inspection of power systems and handling of toxic materials there is use of Robotics.

• Textiles-Instrumentation controls are used on machines used in textile production including spinning, weaving, dyeing and finishing. Automated robot is use for material handling, quality inspection and positioning and packaging hence reducing on wastage and inconsistency.

• Automotive- Industries control is significant in automotive manufacturing since it is used to control the assembly line as well as robotic welders, and robotic arms for part handling. Activities such as welding, painting, assembly, and quality control are most efficiently done by Robotics as there is no deviation from the standard practice.

• Chemicals- Batch control and chemical reaction control, safety systems in chemical industries are handled by Industrial controls. Robotics is involved in the automation of working with bulk material, blending, and packaging activities with improved safety and productivity outcomes.

• Printing and Packaging- Industrial controls use mechanisms to efficiently manage parameters that range from ink usage, speed, and position in printing industries’ presses. Packaging lines are semi-automated or fully automated through robotics systems that deal with sorting, labeling, palletizing, and quality inspection.

• Plastics-In plastics manufacturing technology, the industrial controls are used in controlling the injection molding machines, extruder machines and temperature control systems. Robotic activities are involved in mold handling, part picking, trimming, and checking of quality thus minimize on variations.

• Oil and Gas-Industrial controls are used to control industrial processes in oil refineries, pipeline networks and offshore platforms concerning production, safety programs and impacts on the environment. Robotics perform inspection of pipelines, maintenance in hazardous environments, and drilling operations.

• Pharmaceuticals- The strict pharmaceutical regulations as well as production processes like mixing, granulation, drying, packaging, and others are managed by industrial controls. Robotic systems help in operations involving the movement of materials, administering medication, and quality control involving precise movements with the reduction of contamination.

• Food Processing- Industrial controls ensure cleanliness and control the methods of cooking, blending, freezing, and packaging foods in food processing facilities. Robots are used for processes like sorting, cutting, packaging, palletizing, and any food that goes through any of these phases is exposes to robots hence its safety.

• Semiconductors- In semiconductor manufacturing, industrial controls exist in cleanroom, where the control of cleanroom and processes such as wafer fabrication, deposition, etching, testing and others are helped. There are functions of handling wafers, assembling components and inspection, the robots ensure high yield and quality.

DRIVING FACTORS

"Industry 4.0 and Smart Manufacturing Initiatives to Drive Market Advancement"

One of the key driving factors in the Industrial Controls and Robotic market growth is theIndustry 4.0 and Smart Manufacturing Initiatives. Industry 4. 0 and smart manufacturing programs are recognised as critical influencers of the radical transformation of industrial controls and robotics, thereby enabling efficient information integration alongside advanced industrial controls. At the core of Industry 4. It is noteworthy that the integration of novel digitized technologies, for example, IoT, AI, machine learning, and cloud computing with conventional industry operations is placed at 0. Such integration helps to develop CPS where the physical production system is linked with a computer information system.

"Labor Shortages and Workforce Challenges to Expand the Market"

Skills deficiencies, or more precisely, difficulties with attracting the staff are among the key drivers for investing in industrial controls and robotics because the industries cannot solve their essential needs without the help of automation solutions. For instance across the production lines namely manufacturing, logistics and the health sector, demographic changes, employees’ dynamics and shortages of skills present challenges that automation solutions can effectively address. Thus, first, ageing populations in many developed economies reduce the workforce and the amount of experience in large organizations.

RESTRAINING FACTOR

"High Initial Investment Poses Potential Impediments to Market Growth "

Huge amounts of money are needed for the initial investment of industrial control systems and robotics, which becomes a hampering factor towards popularization and expansion in the market. Complex automation is costly, it includes huge initial investment in matters related to hardware and software, integration and training. Industrial control systems can take substantial amounts of capital to implement or modify due to the existing structure of many industries, the complicated production techniques in use, or dated technologies implemented within the business environment. Furthermore, robotics solutions need acquisition of unique service robots or industrial robot arms, sensor, actuator, and safety system suitable to the operation.

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INDUSTRIAL CONTROLS AND ROBOTIC MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America to Dominate the Market due to Established Industrial Base"

North America has emerged as the most dominant region in the Industrial Controls and Robotic market share due to a convergence of factors that propel its leadership in this dynamic industry. North America has a well-diversified and developed manufacturing region for Automotive, Aerospace, Electronics and the Pharma industries all of which are the key consumers of Industrial Control and Robotics.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Industrial Controls and Robotic Landscape through Innovation and Global Strategy"

Major industry players are pivotal in shaping the Industrial Controls and Robotic market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of Industrial Controls and Robotic.

LIST OF MARKET PLAYERS PROFILED

• Schneider Electric (France)
• Toshiba Machine (Japan)
• Rockwell Automation(S.)
• Omron(Japan)
• Siemens (Germany)

INDUSTRIAL DEVELOPMENT

May 2024: Collaborative robots firm FANUC Corporation America debuted two new HC models for high-payload capacity applications at the Automate show in Detroit. The occasion also revealed the opportunities for higher payload within the CRX and CR cobot families to include models for the 4-50kg range of goods.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.