Future of the Global Factory Automation Market: Growth Projections and Key Trends (2025-2034)
The factory automation market size is expected to see rapid growth in the next few years. It will grow to $497.22 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to the increasing demand for efficiency of work in a short period, the rising manufacturing and industrial sector, the implementation of autonomous plants, the increasing use of remote operations, and growth in the need for mass production with reduced operation cost. Major trends in the forecast period include technological advancements, collaborative robotics, augmented reality (AR) and virtual reality (VR), and supply chain automation.
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What are the key drivers behind the rapid expansion of the factory automation market?
The adoption of artificial intelligence is expected to propel the growth of the factory automation market. Artificial intelligence refers to the simulation of human intelligence processes by machines, typically through computer systems, enabling them to perform tasks that traditionally require human intelligence, such as learning, reasoning, and problem-solving. The rising adoption of AI is driven by advancements in technology, increased data availability, industry demand for automation and efficiency, and growing investment and research. Integrating artificial intelligence into factory automation systems enables manufacturers to achieve higher efficiency, productivity, quality, flexibility, and safety levels, leading to competitive advantages and improved business outcomes. For instance, in January 2022, according to the Department for Digital, Culture, Media, and Sport, a UK-based government department, with 267,000 more UK enterprises utilizing AI in their operations, the AI adoption rate rose from 15.1% in 2020 to 22.7% in 2025. By 2040, the overall adoption rate will reach 34.8%, with 1.3 million businesses using AI in the central scenario. Therefore, the adoption of artificial intelligence is driving the growth of the factory automation market.
What is the segmentation for the factory automation market?
The factory automation market covered in this report is segmented –
1) By Component: Sensors, Controllers, Switches And Relays, Industrial Robots, Drives, Other Components
2) By Factory Automation Technology: Supervisory Control And Data Acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI)
3) By End-User: Manufacturing, Automotive, Packaging And Processing, Energy And Power, Semiconductor And Electronics, Printing And Converting, Other End-Users
Subsegments:
1) By Sensors: Proximity Sensors, Vision Sensors, Temperature Sensors, Pressure Sensors, Level Sensors, Flow Sensors, Position Sensors
2) By Controllers: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Human-Machine Interface (HMI), Motion Controllers, Embedded Controllers
3) By Switches And Relays: Limit Switches, Push Button Switches, Safety Switches, Electromechanical Relays, Solid-State Relays
4) By Industrial Robots: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Delta Robots
5) By Drives: AC Drives, DC Drives, Servo Drives, Variable Frequency Drives (VFDs), Stepper Drives
6) By Other Components: Cables And Connectors, Power Supply Units (PSUs), Circuit Breakers, Human-Machine Interface (HMI) Devices, Actuators
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Who are the most influential companies in the factory automation market?
Major companies operating in the factory automation market are Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation, Parker Hannifin Corporation, Emerson Electric Co., Danfoss, Rockwell Automation Inc., Bosch Rexroth AG, Omron Corporation, Keyence Corporation, Fanuc Corporation, SMC Corporation, Yaskawa Electric Corporation, Festo, KUKA Robotics, Phoenix Contact, Endress+Hauser Group, Beckhoff Automation, Yokogawa Electric Corporation, Advantech Co. Ltd., WAGO GmbH & Co. KG, Pepperl+Fuchs GmbH, Pilz GmbH & Co. KG, HIMA Paul Hildebrandt GmbH
What are the most influential trends expected to drive the factory automation market forward?
Major companies operating in the factory automation market are developing innovative products, such as ballbar devices, to sustain their position in the market. Ballbar devices, also known as ballbar systems or ballbar testers, are precision measurement tools used in the fields of metrology and precision engineering. In factory automation, these devices are used to ensure the quality and precision of machined parts by detecting errors and deviations in the machine's motion and positioning. For instance, in May 2023, Renishaw plc, a UK-based engineering company, launched an RCS product line that includes three products: RCS L-90, RCS T-90, and RCS P-series, all supported by a dedicated software suite. The RCS L-90 is a ball-bar device that uses simple processes managed by its companion software suite to monitor robot health, save deployment times, and increase robot system accuracy. The tri-ballbar RCS T-90 system helps users of robots pinpoint the underlying reasons for subpar performance. It also conducts extensive tests to gather vital robot data, including master-recovery procedures, plotting 3D path performance, and remastering joint offsets to calculated positions. The RCS P-series applies in-process metrology and automatic recovery to automation processes by integrating a permanent Renishaw probing solution within a robot cell.
What are the major regional insights for the factory automation market, and which region holds the top position?
North America was the largest region in the factory automation market in 2024. The regions covered in the factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Factory Automation Market Report 2025 Offer?
The factory automation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Factory automation refers to the use of advanced technologies and systems to streamline and optimize manufacturing processes within a factory or industrial facility. It integrates various technologies like robotics, sensors, and data analytics to achieve tasks such as production, assembly, and quality control in industrial settings.
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