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Asia-Pacific Factory Automation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexible Automation), Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface (HMI), and Others), and Industry Vertical (Automotive, Food and Beverage, Oil and Gas, Manufacturing, Mining, and Others)
Market Report I 2022-12-05 I 187 Pages I The Insight Partners
The factory automation market in APAC is expected to grow from US$ 60,450.80 million in 2022 to US$ 1,03,312.63 million by 2028. It is estimated to grow at a CAGR of 9.3% from 2022 to 2028.
Rising adoption of factory automation across automotive industry
The growing demand for automobiles is subsequently leading to the need for an automation system as it helps manufacturers increase outputs while decreasing the cost and risk of human workers. In the current scenario, collaborative robots, robotic arms, and the Internet of Things coupled with AI are widely adopted in the automotive industry, making the manufacturing process faster and accurate. According to the report by International Federation of Robotics, in 2019, the robot density in the US automotive industry was 1,287 installed units per 10,000 employees, making the country ranked 7th worldwide. Further, KUKA and Universal Robots produce and supply cobots to automotive companies such as Tesla to build cars. Tesla has developed driverless car hardware called Autopilot, which uses AI technology. Companies such as IBM and BMW are combining cognitive computing and IoT to invent autonomous cars, which can communicate while linking driving patterns with the human driver's emotional response in all possible scenarios. In addition, automakers like Ford Motor Co. and BMW AG are working on deployment of the 3D printer technology. Moreover, various other automakers are also utilizing virtual and augmented reality to address manufacturing issues. Thus, the aforementioned advanced automation technologies ease the automotive manufacturing process at nearly every stage of vehicle production, in turn, catalyzing the market expansion.
Market Overview
The Asia Pacific factory automation market is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Japan is one of the world's number one industrial robot manufacturer. The country delivers almost 45% of the global supply of industrial robots. Due to the rising demand of industrial robots, the manufacturers have considerably increased their production capacity, which has led to the increase in the export of industrial robots in Japan. According to the International Federation of Robotics (IFR), the robot export ratio in Japan rose to 78% and around 136,069 industrial robots were shipped in 2020. Thus, the growing export of industrial robots is propelling the factory automation market. In addition, the government of various Asia-Pacific countries is coming up with various plans and initiatives which may further boost the factory automation market. For instance, in December 2021, China unveiled a sharpened version of the Made in China 2025 industrial policy blueprint. Under this, the government has released a five-year smart manufacturing development plan to digitize 70% of the country's large enterprises. Thus, the country is focusing on building and owning industrial robots and upgrading equipment and processes used in the manufacturing sector. Such initiatives by the government will further boost the factory automation market in the region.
APAC Factory Automation Market Revenue and Forecast to 2028 (US$ Million)
APAC Factory Automation Market Segmentation
The APAC factory automation market is segmented into component, hardware, type, technology, industry vertical and country. Based on component, the market is bifurcated into hardware and software. The hardware segment registered a larger market share in 2022.
Based on hardware, the APAC factory automation market is segmented into sensors, controllers, robots, drives, and other hardware components. The robots segment registered the largest market share in 2022. Based on type, the APAC factory automation market is segmented into programmable automation, fixed automation, and flexible automation. The fixed automation segment registered the largest market share in 2022. Based on technology, the APAC factory automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), Human-Machine Interface (HMI), and others. The supervisory control and data acquisition system (SCADA) segment registered the largest market share in 2022. Based on industry vertical, the APAC factory automation market is segmented into automotive, food and beverages, oil and gas, manufacturing, mining, and others. The manufacturing segment registered the largest market share in 2022. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.
ABB Ltd; Bosch Rexroth AG; Emerson Electric Co.; Fanuc Corporation; General Electric Company; Honeywell International Inc.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; and Siemens AG are the leading companies operating in the factory automation market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Factory Automation Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Factory Automation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Factory Automation Across Automotive Industry
5.1.2 Increasing Number of Product Launches
5.2 Market Restraints
5.2.1 High Operating Cost for Small and Medium Manufacturing Companies
5.3 Market Opportunities
5.3.1 Growing Collaborative Partnerships Between Companies
5.4 Future Trends
5.4.1 Automation in Mining Industry
5.5 Impact Analysis of Drivers and Restraints
6. Factory Automation Market - APAC Market Analysis
6.1 APAC Factory Automation Market Overview
6.2 APAC Factory Automation Market Forecast and Analysis
7. APAC Factory Automation Market Analysis - By Component
7.1 Overview
7.2 APAC Factory Automation Market, By Component (2021 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8. APAC Factory Automation Market Analysis - By Hardware
8.1 Overview
8.2 APAC Factory Automation Market, By Hardware (2021 and 2028)
8.3 Sensors
8.3.1 Overview
8.3.2 Sensors: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.4 Controllers
8.4.1 Overview
8.4.2 Controllers: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.5 Robots
8.5.1 Overview
8.5.2 Robots: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.6 Drives
8.6.1 Overview
8.6.2 Drives: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
9. APAC Factory Automation Market Analysis - By Type
9.1 Overview
9.2 APAC Factory Automation Market, By Type (2021 and 2028)
9.3 Programmable Automation
9.3.1 Overview
9.3.2 Programmable Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
9.4 Fixed Automation
9.4.1 Overview
9.4.2 Fixed Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
9.5 Flexible Automation
9.5.1 Overview
9.5.2 Flexible Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10. APAC Factory Automation Market Analysis - By Technology
10.1 Overview
10.2 APAC Factory Automation Market, By Technology (2021 and 2028)
10.3 PLC
10.3.1 Overview
10.3.2 PLC: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.4 DCS
10.4.1 Overview
10.4.2 DCS: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.5 SCADA
10.5.1 Overview
10.5.2 SCADA: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.6 HMI
10.6.1 Overview
10.6.2 HMI: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11. APAC Factory Automation Market Analysis - By Industry Vertical
11.1 Overview
11.2 APAC Factory Automation Market, By Industry Vertical (2021 and 2028)
11.3 Automotive
11.3.1 Overview
11.3.2 Automotive: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.4 Food and Beverage
11.4.1 Overview
11.4.2 Food and Beverage: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.5 Oil and Gas
11.5.1 Overview
11.5.2 Oil and Gas: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.6 Manufacturing
11.6.1 Overview
11.6.2 Manufacturing: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.7 Mining
11.7.1 Overview
11.7.2 Mining: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
11.8 Others
11.8.1 Overview
11.8.2 Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
12. APAC Factory Automation Market - Country Analysis
12.1 Overview
12.1.1 Asia Pacific: Factory Automation Market, by Key Country
12.1.1.1 Australia: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 Australia: Factory Automation Market, by Component
12.1.1.1.2 Australia: Factory Automation Market, by Hardware
12.1.1.1.3 Australia: Factory Automation Market, by Type
12.1.1.1.4 Australia: Factory Automation Market, by Technology
12.1.1.1.5 Australia: Factory Automation Market, by Industry Vertical
12.1.1.2 China: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 China: Factory Automation Market, by Component
12.1.1.2.2 China: Factory Automation Market, by Hardware
12.1.1.2.3 China: Factory Automation Market, by Type
12.1.1.2.4 China: Factory Automation Market, by Technology
12.1.1.2.5 China: Factory Automation Market, by Industry Vertical
12.1.1.3 India: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 India: Factory Automation Market, by Component
12.1.1.3.2 India: Factory Automation Market, by Hardware
12.1.1.3.3 India: Factory Automation Market, by Type
12.1.1.3.4 India: Factory Automation Market, by Technology
12.1.1.3.5 India: Factory Automation Market, by Industry Vertical
12.1.1.4 Japan: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 Japan: Factory Automation Market, by Component
12.1.1.4.2 Japan: Factory Automation Market, by Hardware
12.1.1.4.3 Japan: Factory Automation Market, by Type
12.1.1.4.4 Japan: Factory Automation Market, by Technology
12.1.1.4.5 Japan: Factory Automation Market, by Industry Vertical
12.1.1.5 South Korea: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.5.1 South Korea: Factory Automation Market, by Component
12.1.1.5.2 South Korea: Factory Automation Market, by Hardware
12.1.1.5.3 South Korea: Factory Automation Market, by Type
12.1.1.5.4 South Korea: Factory Automation Market, by Technology
12.1.1.5.5 South Korea: Factory Automation Market, by Industry Vertical
12.1.1.6 Rest of APAC: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.6.1 Rest of APAC: Factory Automation Market, by Component
12.1.1.6.2 Rest of APAC: Factory Automation Market, by Hardware
12.1.1.6.3 Rest of APAC: Factory Automation Market, by Type
12.1.1.6.4 Rest of APAC: Factory Automation Market, by Technology
12.1.1.6.5 Rest of APAC: Factory Automation Market, by Industry Vertical
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Product Launch
14. Company Profiles
14.1 ABB Ltd
14.1.1 Key Facts
14.1.2 .Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Emerson Electric Co.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Fanuc Corporation
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 General Electric Company
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Mitsubishi Electric Corporation
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Honeywell International Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 OMRON Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rockwell Automation, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Siemens AG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Bosch Rexroth AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
Table 1. APAC Factory Automation Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. Australia: Factory Automation Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Factory Automation Market, by Hardware - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Factory Automation Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Factory Automation Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Factory Automation Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Factory Automation Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Factory Automation Market, by Hardware - Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Factory Automation Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. China: Factory Automation Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 11. China: Factory Automation Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Factory Automation Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Factory Automation Market, by Hardware - Revenue and Forecast to 2028 (US$ Million)
Table 14. India: Factory Automation Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 15. India: Factory Automation Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 16. India: Factory Automation Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Factory Automation Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 18. Japan: Factory Automation Market, by Hardware - Revenue and Forecast to 2028 (US$ Million)
Table 19. Japan: Factory Automation Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. Japan: Factory Automation Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 21. Japan: Factory Automation Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 22. South Korea: Factory Automation Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 23. South Korea: Factory Automation Market, by Hardware - Revenue and Forecast to 2028 (US$ Million)
Table 24. South Korea: Factory Automation Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 25. South Korea: Factory Automation Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 26. South Korea: Factory Automation Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of APAC: Factory Automation Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of APAC: Factory Automation Market, by Hardware - Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of APAC: Factory Automation Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of APAC: Factory Automation Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of APAC: Factory Automation Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 32. List of Abbreviation
Figure 1. APAC Factory Automation Market Segmentation
Figure 2. APAC Factory Automation Market Segmentation - by Country
Figure 3. APAC Factory Automation Market Overview
Figure 4. APAC Factory Automation Market, By Component
Figure 5. APAC Factory Automation Market, By Country
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Factory Automation Market- Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Factory Automation Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Factory Automation Market, Forecast and Analysis (US$ Million)
Figure 11. APAC Factory Automation Market Revenue Share, by Component (2021 and 2028)
Figure 12. APAC Hardware: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 13. APAC Software: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. APAC Factory Automation Market Revenue Share, by Hardware (2021 and 2028)
Figure 15. APAC Sensors: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. APAC Controllers: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 17. APAC Robots: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 18. APAC Drives: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 19. APAC Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 20. APAC Factory Automation Market Revenue Share, by Type (2021 and 2028)
Figure 21. APAC Programmable Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 22. APAC Fixed Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 23. APAC Flexible Automation: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 24. APAC Factory Automation Market Revenue Share, by Technology (2021 and 2028)
Figure 25. APAC PLC: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 26. APAC DCS: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 27. APAC SCADA: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 28. APAC HMI: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 29. APAC Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 30. APAC Factory Automation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 31. APAC Automotive: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 32. APAC Food and Beverage: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 33. APAC Oil and Gas: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 34. APAC Manufacturing: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 35. APAC Mining: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 36. APAC Others: Factory Automation Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 37. APAC: Factory Automation Market, by Key Country - Revenue (2021) (US$ Million)
Figure 38. Asia Pacific: Factory Automation Market Revenue Share, by Key Country (2021 and 2028)
Figure 39. Australia: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. China: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. India: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Japan: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. South Korea: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of APAC: Factory Automation Market - Revenue and Forecast to 2028 (US$ Million)
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