Overview
The Factory Automation Market is anticipated to grow by US$240 Billion by 2022 rapidly growing at a CAGR of 8% during the forecast period 2016 to 2022. The global factory automation market is driven by growing demand for energy efficient systems as well as rising need for highly efficient manufacturing process solutions. These factors have helped shape the Factory Automation Market and are expected to boost the growth. Companies in the factory automation market could also face challenges such as the threat of machines replacing humans has led to stalled growth in some countries and lack of awareness has affected many companies. The details covered in the factory automation market report cover all the aspects of the industry. Analysts studying the factory automation market have also shared growth projections in the report and have suggested factory automation market players to plan business strategies accordingly.
Competitive Landscape
The Factory Automation Market is supported by growing demand for computer-aided systems and automation at different levels in enterprises. The population growth around the world and increasing demand of factory automation market based services and products also support the market growth. However, the factory automation market growth can be affected due to low investment in some markets. The report covers all such details which will help companies in the factory automation market to strengthen their business plan and improve their product portfolio. The factory automation market research report also provides company profiles of major companies. The company profiles of many organizations operating in the factory automation market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the factory automation market. New companies and established businesses can plan their strategies based on this data provided in the factory automation market research report.
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Segmentation:
Market Segmentation
The global Factory Automation Systems Market has been segmented based on technology, type, and end-users. On the basis of technology, the market for factory automation is segmented based on fixed automation, flexible automation, integrated automation, programmable automation. Additionally, the market on the basis of type, is segmented into automotive, energy & power, packaging & processing, printing & converting, semiconductor & electronics, manufacturing, and others. The global market for factory automation is also covered based on the end-users segment which is further split into distributed control system (DCS), human machine interface (HMI), PLC, programmable automation controller (PAC), and supervisory control and data acquisition (SCADA).
Factors like accelerated growth of the IoT technology in numerous industry verticals and increasing efficiency in the manufacturing process support the factory automation market growth. The performance of the Factory Automation Systems Market has also been studied for the past and current years. Additionally, the factory automation market report provides analysis of these segments. The factory automation market segmental analysis provided in the report offers major details about the factory automation market based on the data and forecasts till 2022.
Regional Analysis:
Companies in the Factory Automation Software Market are spread across the world. The factory automation market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American factory automation market has many companies across the United States, Canada, and Mexico. The factory automation market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the factory automation market can be found in the market research report. Europe has companies in the factory automation market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the factory automation market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Industry News:
Leadec has concluded the acquisition of Diversified Automation, an automation systems and technology solutions provider. Leadec is extending its investments into parcel processing with this transaction and improving its current operations in North America. Presently, with a manpower of about 2,200 people, Leadec produces around 23 percent of the revenue in the US, primarily with long-running on-site supply contracts in the industrial sector. With 20,000 workers worldwide nearly six decades of experience, Leadec, a multinational participant on four continents, is a top service provider for industries at every point of their life cycle as well as in their associated infrastructure.
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