Manufacturing Facility Automation Systems Market - Forecast(2024 - 2030)
Manufacturing Facility Automation Systems Market Overview
The market for Manufacturing Facility Automation Systems is forecast to reach $160 billion by 2025, growing at a CAGR of 7.80% from 2020 to 2025. The growing adoption of industry 4.0 in all end user industries is set to impact on the growth rate of the market. The rising penetration of robotics in industrial sector is also set to escalate the market growth rate. Manufacturing facility automation involves the employment of programmable logic controller, numerically controlled machines, computer aided manufacturing, human machine interface systems and so on which provide the firms with increased productivity, minimal errors and others thereby impacting on the increasing adoption of these technologies.
Report Coverage
The report: “Manufacturing Facility Automation Systems Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Manufacturing Facility Automation Systems market.
- Industrial sector is analysed to hold highest share in the end user in 2019. It is mainly attributed to the adoption of the automation in the packaging, food and beverage and other applications.
- Europe is analysed to hold highest share in 2019 owing to the high presence of automotive and medical manufacturing industries.
- The rising penetration of robotics in the various end user industries is set to drive the market during the forecast period.
By End user- Segment Analysis
Industrial is analysed to hold highest market share in 2019 and is set to grow at a CAGR of 8.7% owing to the various advantages of employing the automation in the manufacturing sectors of various industries including packaging, food and beverage and so on. Adding to this, the significant rise in the expansions and partnerships in providing the automation solutions to the manufacturing facilities is set to further contribute to the growth of the market. In March 2020, Epson Robots has announced to expand its partnership with Air Automation Engineering to increase support of Epson’s base in the U.S. Adding to this, the growing industrial robots in all industries is set to boost the market growth rate during the forecast period. As stated by International Federation of robotics, robot sales increased by 30% to 381,335 units in 2017. Therefore the deployment of robots in automating the manufacturing processes is analysed to boost the market growth.
Geography - Segment Analysis
Europe is the dominant region in 2019, followed by APAC and North America. This is major attributed to the presence of manufacturing giants such as ABB, Siemens and so on. The growing expansions of the automation plants is set to contribute to the growth of the market. In April 2018, ABB invested 100 million Euros in industrial automation at headquarters of B&R in Austria. The growing industrial expansions involving automation of the plants in North American region is also a major factor positively impacting on the growth of the market. In June 2018, Reko International, a parts supplier, expanded its automation facility in Canada with an investment of $5.7M. Therefore the rise in the expansion of production plants with automation is analysed to impact on the growth rate of the market. Adding to this, APAC, is major hub for manufacturing of the consumer electronics such as mobile phones, computers is set to escalate the market growth rate during the forecast period 2020-2025 owing to the growing expansions of the manufacturing plants alongside the penetration of automation. In January 2020, Samsung has announced to invest $500M in setting up a manufacturing plant in India.
Drivers – Manufacturing Facility Automation Systems market
- Increasing demand for industry 4.0:
- Penetration of robotics in the manufacturing facilities:
Automation using collaborative robotics has significantly penetrated manufacturing facilities. Majorly driven by rapid technological advancements, robotics solutions are entering the manufacturing facilities, supporting zero-defect processes thereby boosting productivity. In February 2020, IFR has stated that from 2020 to 2022 almost 2 million new units of industrial robots are expected to be installed in factories around the world. These are set to elevate the market growth rate during the forecast period 2020-2025.
Challenges – Manufacturing Facility Automation Systems market
- High Costs
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Manufacturing Facility Automation Systems market. Manufacturing Facility Automation Systems driver market is expected to be dominated by major companies such as ABB Ltd., Emerson Electric Co., Siemens AG, Omron Corp, Mitsubishi Corp, Honeywell International Inc., General Electric Co, Rockwell Automation, Yokogawa Electric Corp, Schneider Electric SE, and Fanuc Corp among others.
Acquisitions/Technology Launches/Partnerships
- In April 2018, ABB invested 100 million Euros in industrial automation at headquarters of B&R in Austria.
- In April 2018, Schneider Electric collaborated with Staubli robotics in order to integrate robotic solutions into smart machines to provide automated solutions.