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Report
Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
Market Report I 2022-09-27 I 330 Pages I MarketsandMarkets
The industrial control & factory automation market size is expected to grow from USD 147.9 billion in 2022 to USD 218.8 billion by 2027; it is expected to grow at a CAGR of 8.2% from 2022 to 2027. The key factors driving the growth of the industrial control & factory automation market are increasing number of government initiatives to promote industrial automation and increasing integration of technologies such as IoT and AI with various industrial control & factory automation solutions. Growing use of automation in process and discrete industries is another major factor contributing to the growth of the industrial control & factory automation market.
Industrial sensors held the largest share and industrial robots held the second largest share in 2021
Sensor technology has developed tremendously over the past decade. The increasing requirement for connectivity in manufacturing plants has encouraged manufacturers to adopt advanced sensors to capture data at various data points. Sensor manufacturers are continuously focusing on developing advanced solutions to help end users improve production efficiency. Industrial robots are reshaping the manufacturing industry by decreasing the need for physical work. They are used in industrial plants to increase productivity and eliminate errors. These robots are suitable for use in remote locations. Using automated robots in the industrial production line reduces time, cost, and wastage and leads to the development of high-quality and precise products.
DCS accounted for the dominating share and PLC accounted for the second largest share of the industrial control & factory automation market in 2021
DCS enables process automation and control in industrial manufacturing plants. it facilitates decision integrity, simplified operations, and increased productivity. The major application areas of DCS are in the oil & gas, automotive, chemical, food & beverage, and pharmaceutical industries. Among process industries, the food & beverage industry is projected to account for the largest size of the industrial control & factory automation market for PLC during the forecast period. The growth of this segment can be attributed to the implementation and adherence to strict standards to respond to changing market requirements.
Metals & mining industry is expected to register the highest growth rate in the process industry segment of the industrial control & factory automation market during forecast period
The metal industry includes various metalworking processes, such as grinding, milling, spinning, and forging. The machinery used in metal processing requires quick, accurate, and efficient movement of metals, which is carried out by drives and PLCs. The adoption of automation in the mining & metals industry has improved productivity, increased safety, minimized wear, and enhanced reliability and quality of products. The safety of the workforce is always the top priority in mining operations. Hence, regulatory authorities across the world have set stringent rules and regulations for mine owners to ensure the safety of mines. These strict regulations force mining companies to adopt industrial control & factory automation technologies, which can help them predict and try to prevent a mishap in advance.
Asia Pacific accounted for the largest share and North America held the second largest share of the industrial control & factory automation market in 2021
The dense population and the growth in per capita income in Asia Pacific, along with large-scale industrialization and urbanization, are driving the growth of the industrial control & factory automation market in this region. Asia Pacific has emerged as a global automotive manufacturing hub. Hence, motor vehicle suppliers such as Volkswagen, Toyota Motor Corporation, Renault-Nissan Alliance, Daimler, and local manufacturers such as Tata Motors and Mahindra and Mahindra have invested in automating their automobile production sites. Increasing potential of automotive industry has promoted increasing adoption of industrial control & factory automation solutions in the region. Rising demand for industrial control and factory automation solutions in the region can be attributed to the adoption of automation solutions in the pharmaceutical, chemical, food & beverage, automotive, and aerospace & defense industries. The requirement for tracking real-time data related to different industrial processes, ensuring their visibility, and enabling control over them is driving the adoption of automated solutions in the region.
The break-up of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%
- By Designation: C-Level Executives = 48%, Directors = 33%, and Others= 19%
- By Region: North America = 35%, Europe = 18%, Asia Pacific = 40%, and RoW = 7%
Major players operating in the industrial control & factory automation market include ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US), among others.
Research Coverage:
The research report on the global industrial control & factory automation market covers the market based on component, solution, industry, and region. Based on component, the industrial control & factory automation market has been segmented into industrial robots, machine vision systems, process analyzers, human-machine interface, field instruments, industrial PC, industrial sensors, industrial 3D printing, and vibration monitoring. Based on solution, the industrial control & factory automation market has been segmented into supervisory control and data acquisition (SCADA), programmable logic controller (PLC), distributed control system (DCS), manufacturing execution system (MES), industrial safety, and plant asset management (PAM). Based on industry, the industrial control & factory automation market has been segmented into process industry (oil & gas, chemicals, pulp & paper, pharmaceuticals, metals & mining, food & beverage, energy & power, and others which included fast-moving consumer goods (FMCG), HVAC, recycling, plastics, printing, cement, glass, rubber, furniture & wood, textile, and water and wastewater industries) and discrete industry (automotive, aerospace, semiconductor & electronics, machine manufacturing, medical device, and others which included ceramics, fabricating, and packaging industries). The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
This report segments the industrial control & factory automation market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different component, solution, industry, and region.
The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 42
1.1 STUDY OBJECTIVES 42
1.2 MARKET DEFINITION AND SCOPE 42
1.3 INCLUSIONS AND EXCLUSIONS 43
TABLE 1 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: INCLUSIONS AND EXCLUSIONS 43
1.4 STUDY SCOPE 44
1.4.1 MARKETS COVERED 44
FIGURE 1 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: SEGMENTATION 44
FIGURE 2 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: REGIONAL SCOPE 45
1.4.2 YEARS CONSIDERED 45
1.5 CURRENCY CONSIDERED 46
1.6 LIMITATIONS 46
1.7 STAKEHOLDERS 46
1.8 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
FIGURE 3 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: RESEARCH DESIGN 48
2.1.1 SECONDARY AND PRIMARY RESEARCH 50
2.1.2 SECONDARY DATA 50
2.1.2.1 Major secondary sources 51
2.1.2.2 Key data from secondary sources 51
2.1.3 PRIMARY DATA 51
2.1.3.1 Primary interviews with experts 51
2.1.3.2 Key data from primary sources 52
2.1.3.3 Key insights 52
2.1.3.4 Breakdown of primaries 53
2.2 MARKET SIZE ESTIMATION 53
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED BY COMPANIES FROM INDUSTRIAL SAFETY MARKET 54
2.2.1 BOTTOM-UP APPROACH 55
2.2.1.1 Arriving at market size through bottom-up approach (demand-side) 55
FIGURE 5 BOTTOM-UP APPROACH 55
2.2.2 TOP-DOWN APPROACH 56
2.2.2.1 Arriving at market size through top-down approach (supply-side) 56
FIGURE 6 TOP-DOWN APPROACH 56
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 57
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION 57
2.4 ASSUMPTIONS 58
FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY 58
2.5 LIMITATIONS AND RISK ASSESSMENT 59
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS 59
3 EXECUTIVE SUMMARY 60
FIGURE 9 KEY STAGES IN ADOPTION OF INDUSTRIAL CONTROL & FACTORY AUTOMATION 60
FIGURE 10 INDUSTRIAL SENSORS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 61
FIGURE 11 DCS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 62
FIGURE 12 PROCESS INDUSTRY SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 62
FIGURE 13 ASIA PACIFIC MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 63
4 PREMIUM INSIGHTS 65
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 65
FIGURE 14 GROWING EMPHASIS ON INDUSTRIAL AUTOMATION AND OPTIMUM UTILIZATION OF RESOURCES TO DRIVE GROWTH OF INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 65
4.2 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT 66
FIGURE 15 INDUSTRIAL 3D PRINTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 66
4.3 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION 66
FIGURE 16 PAM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 66
4.4 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY 67
FIGURE 17 DISCRETE INDUSTRY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 67
4.5 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION 67
FIGURE 18 US ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN 2021 67
5 MARKET OVERVIEW 68
5.1 INTRODUCTION 68
5.2 MARKET DYNAMICS 68
FIGURE 19 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 68
5.2.1 DRIVERS 69
5.2.1.1 Emergence of connected enterprises 69
5.2.1.2 Government initiatives to promote industrial automation 69
5.2.1.3 Adoption of IoT and AI in industrial environments 69
5.2.1.4 Emphasis on optimum utilization of resources and improved efficiency 70
5.2.1.5 Increasing integration of machine vision systems with deep learning 70
FIGURE 20 DRIVERS FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT 71
5.2.2 RESTRAINTS 71
5.2.2.1 Significant initial capital investment and subsequent investment for maintenance 71
5.2.2.2 Fluctuations in end-use industries 72
5.2.2.3 Inability of components to achieve human-like performance 72
5.2.2.4 Lack of awareness of benefits 72
FIGURE 21 RESTRAINTS FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT 73
5.2.3 OPPORTUNITIES 73
5.2.3.1 Adoption of Industry 4.0 principles for manufacturing 73
5.2.3.2 Increased demand for safety compliance automation solutions 74
5.2.3.3 Rising need for augmented reality and virtual reality technologies 74
FIGURE 22 OPPORTUNITIES FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT 75
5.2.4 CHALLENGES 75
5.2.4.1 Absence of standardization in industrial communication protocols and interfaces 75
5.2.4.2 Lack of skilled workforce to operate industrial automation devices and systems 76
5.2.4.3 Rising instances of automated cyberattacks 76
5.2.4.4 Less precise systems due to differences between simulations and real life 76
5.2.4.5 Complexity in deployment of industrial control & factory automation solutions 77
FIGURE 23 CHALLENGES FOR INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET AND THEIR IMPACT 77
5.3 VALUE CHAIN ANALYSIS 77
FIGURE 24 VALUE CHAIN ANALYSIS 78
5.4 ECOSYSTEM ANALYSIS 79
FIGURE 25 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: ECOSYSTEM 79
TABLE 3 COMPANIES AND THEIR ROLE IN INDUSTRIAL CONTROL & FACTORY AUTOMATION ECOSYSTEM 80
5.5 PRICING ANALYSIS 81
TABLE 4 AVERAGE SELLING PRICE OF COMPONENTS OF INDUSTRIAL SAFETY SYSTEMS OFFERED BY TOP COMPANIES, 2021 81
TABLE 5 INDICATIVE PRICES OF COMPONENTS OF INDUSTRIAL SAFETY SYSTEMS 81
5.5.1 AVERAGE SELLING PRICE OF COMPONENTS OFFERED BY KEY PLAYERS 82
FIGURE 26 AVERAGE SELLING PRICE OF COMPONENTS OFFERED BY KEY PLAYERS 82
TABLE 6 AVERAGE SELLING PRICE OF COMPONENTS OFFERED BY KEY PLAYERS (USD) 82
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 83
5.7 TECHNOLOGY ANALYSIS 83
5.7.1 ARTIFICIAL INTELLIGENCE 83
5.7.2 AUGMENTED REALITY 84
5.7.3 BLOCKCHAIN 84
5.7.4 5G 84
5.7.5 PREDICTIVE MAINTENANCE 85
5.7.6 SMART ENERGY MANAGEMENT 85
5.7.7 EDGE COMPUTING 85
5.7.8 PREDICTIVE SUPPLY CHAIN 86
5.7.9 CYBERSECURITY 86
5.7.10 DIGITAL TWIN 86
5.7.11 IOT 87
5.8 PORTER'S FIVE FORCES ANALYSIS 87
TABLE 7 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: PORTER'S FIVE FORCES ANALYSIS 87
5.8.1 THREAT OF NEW ENTRANTS 88
5.8.2 THREAT OF SUBSTITUTES 88
5.8.3 BARGAINING POWER OF SUPPLIERS 88
5.8.4 BARGAINING POWER OF BUYERS 88
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 89
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 89
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 89
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES 89
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES 89
5.9.2 BUYING CRITERIA 90
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 90
TABLE 9 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 90
5.10 CASE STUDY 91
5.10.1 WORLD WIDE FITTINGS, INC. ADOPTS MITSUBISHI ELECTRIC'S INDUSTRIAL ROBOTICS TO STREAMLINE OPERATIONS 91
5.10.2 BOMBARDIER TRANSPORTATION SELECTS ABB TO PROVIDE SCADA SYSTEM FOR BANGKOK'S MONORAIL PROJECT 91
5.10.3 COOPER TIRE ADOPTS ROCKWELL AUTOMATION'S MES SOLUTION FOR GREATER EFFICIENCY 92
5.10.4 RIO TINTO USES ROCKWELL AUTOMATION'S PROCESS CONTROL SYSTEM (PCS) FOR SEAMLESS INTEGRATION OF CRITICAL MINE PROCESSES 92
5.10.5 ARKEMA GROUP UPGRADES SYSTEMS WITH ABB'S SYSTEM 800XA ARCHITECTURE 93
5.11 TRADE ANALYSIS 93
FIGURE 29 IMPORT DATA FOR INDUSTRIAL ROBOTS, 2017-2021 (USD MILLION) 93
FIGURE 30 EXPORT DATA FOR INDUSTRIAL ROBOTS, 2017-2021 (USD MILLION) 94
5.12 PATENTS ANALYSIS 94
FIGURE 31 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021 94
FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 95
TABLE 10 TOP PATENT OWNERS IN LAST 10 YEARS (US) 95
5.12.1 MAJOR PATENTS 96
5.13 KEY CONFERENCES & EVENTS, 2022-2023 99
TABLE 11 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: CONFERENCES & EVENTS 99
5.14 DIGITALIZATION IN INDUSTRIAL CONTROL 100
5.15 TARIFF AND REGULATORY LANDSCAPE 101
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 15 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
5.15.2 STANDARDS 103
TABLE 16 MAJOR COMMUNICATION STANDARDS FOR SCADA SYSTEMS 104
TABLE 17 INDUSTRIAL SAFETY STANDARDS 104
6 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT 105
6.1 INTRODUCTION 106
FIGURE 33 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT 106
FIGURE 34 INDUSTRIAL 3D PRINTING TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 107
TABLE 18 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 107
TABLE 19 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 108
6.2 INDUSTRIAL ROBOTS 109
6.2.1 RISING NEED FOR ROBOTS TO IMPROVE PRODUCTIVITY AND EFFICIENCY 109
6.2.2 TRADITIONAL INDUSTRIAL ROBOTS 109
6.2.2.1 Articulated robot 110
6.2.2.1.1 High payload capacity and reliability 110
6.2.2.2 Cartesian robot 110
6.2.2.2.1 Simple to control and easy to program 110
6.2.2.3 Selective compliance assembly robot arm (SCARA) 110
6.2.2.3.1 Best price-to-performance ratio 110
6.2.2.4 Parallel robot 111
6.2.2.4.1 Well-suited to high-speed applications 111
6.2.2.5 Other robots 111
6.2.3 COLLABORATIVE ROBOTS 111
6.2.3.1 Designed to safely work alongside humans 111
TABLE 20 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (THOUSAND UNITS) 112
TABLE 21 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (THOUSAND UNITS) 112
TABLE 22 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 112
TABLE 23 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 112
TABLE 24 TRADITIONAL INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 113
TABLE 25 TRADITIONAL INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 113
TABLE 26 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PAYLOAD, 2018-2021 (USD MILLION) 113
TABLE 27 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PAYLOAD, 2022-2027 (USD MILLION) 114
TABLE 28 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 114
TABLE 29 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 114
TABLE 30 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 115
TABLE 31 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 115
TABLE 32 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 115
TABLE 33 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 116
TABLE 34 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 116
TABLE 35 INDUSTRIAL ROBOTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 116
6.3 MACHINE VISION SYSTEMS 117
6.3.1 GROWING NEED FOR INSPECTION OF MANUFACTURED PARTS 117
TABLE 36 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PRODUCT, 2018-2021 (USD MILLION) 118
TABLE 37 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PRODUCT, 2022-2027 (USD MILLION) 118
TABLE 38 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 118
TABLE 39 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 118
TABLE 40 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY HARDWARE, 2018-2021 (USD MILLION) 119
TABLE 41 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY HARDWARE, 2022-2027 (USD MILLION) 119
TABLE 42 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 119
TABLE 43 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 120
TABLE 44 MACHINE VISION SYSTEMS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 120
TABLE 45 MACHINE VISION SYSTEM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 120
TABLE 46 MACHINE VISION SYSTEM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 121
TABLE 47 MACHINE VISION SYSTEM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 121
6.3.2 CAMERAS 121
6.3.2.1 Analog camera 122
6.3.2.1.1 Growing demand for security and surveillance 122
6.3.2.2 Digital camera 122
6.3.2.2.1 Increasing need for high-resolution cameras 122
6.3.2.3 Smart camera 122
6.3.2.3.1 Provides simultaneous image capturing and real-time information 122
6.3.3 FRAME GRABBERS, OPTICS, AND LED LIGHTING 122
6.3.3.1 Processors and software 123
6.3.3.1.1 Integral parts of machine vision systems 123
6.4 PROCESS ANALYZERS 123
6.4.1 RISING DEMAND FOR LIQUID AND GAS ANALYZERS ACROSS PROCESS INDUSTRIES 123
TABLE 48 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 123
TABLE 49 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 124
TABLE 50 LIQUID ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 124
TABLE 51 LIQUID ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 124
TABLE 52 GAS ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 125
TABLE 53 GAS ANALYZER: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 125
TABLE 54 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 125
TABLE 55 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 126
TABLE 56 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 126
TABLE 57 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 126
TABLE 58 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 127
TABLE 59 PROCESS ANALYZERS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 127
6.5 FIELD INSTRUMENTS 127
6.5.1 GROWING NEED TO MONITOR PARAMETERS 127
6.5.2 FLOWMETER 127
6.5.2.1 Increasing use in water & wastewater and chemical industries 127
6.5.3 TRANSMITTER 128
6.5.3.1 Facilitates quick response time and efficient communication 128
TABLE 60 TYPES OF TRANSMITTERS USED IN FIELD INSTRUMENTS 128
6.5.3.2 Pressure transmitter 129
6.5.3.2.1 Growing use in chemicals and pharmaceutical industries 129
6.5.3.3 Temperature transmitter 129
6.5.3.3.1 Versatile field instrument for use across industries 129
6.5.3.4 Level transmitter 129
6.5.3.4.1 Increasing adoption in oil & gas and chemical industries 129
TABLE 61 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 129
TABLE 62 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 130
TABLE 63 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 130
TABLE 64 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 131
TABLE 65 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 131
TABLE 66 FIELD INSTRUMENTS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 131
6.6 HUMAN-MACHINE INTERFACE (HMI) 132
6.6.1 ENHANCES EFFICIENCY AND IMPROVES RELIABILITY OF MACHINES 132
TABLE 67 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 133
TABLE 68 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 133
TABLE 69 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 134
TABLE 70 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 134
TABLE 71 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 134
TABLE 72 HMI: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 135
6.7 INDUSTRIAL PC 135
6.7.1 RISING DEMAND DUE TO EXPANDIBILITY 135
TABLE 73 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 136
TABLE 74 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 136
TABLE 75 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 136
TABLE 76 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 137
TABLE 77 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 137
TABLE 78 INDUSTRIAL PC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 137
6.8 INDUSTRIAL SENSORS 138
6.8.1 ENSURE CONNECTIVITY IN MANUFACTURING PLANTS 138
6.8.2 INDUSTRIAL SENSORS, BY TYPE 138
6.8.2.1 Wired industrial sensors 138
6.8.2.2 Wireless industrial sensors 138
TABLE 79 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SENSOR TYPE, 2018-2021 (USD MILLION) 139
TABLE 80 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SENSOR TYPE, 2022-2027 (USD MILLION) 139
TABLE 81 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2018-2021 (USD MILLION) 139
TABLE 82 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TYPE, 2022-2027 (USD MILLION) 140
TABLE 83 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 140
TABLE 84 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 140
TABLE 85 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 141
TABLE 86 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 141
TABLE 87 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 141
TABLE 88 INDUSTRIAL SENSORS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 141
6.9 INDUSTRIAL 3D PRINTING 142
6.9.1 IDEAL FOR MANUFACTURING PARTS WITH COMPLEX DESIGNS 142
TABLE 89 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018-2021 (USD MILLION) 143
TABLE 90 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022-2027 (USD MILLION) 143
TABLE 91 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TECHNOLOGY, 2018-2021 (USD MILLION) 143
TABLE 92 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY TECHNOLOGY, 2022-2027 (USD MILLION) 144
TABLE 93 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS, 2018-2021 (USD MILLION) 144
TABLE 94 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS, 2022-2027 (USD MILLION) 145
TABLE 95 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 145
TABLE 96 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 145
TABLE 97 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 146
TABLE 98 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 146
TABLE 99 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 146
TABLE 100 INDUSTRIAL 3D PRINTING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 147
6.10 VIBRATION MONITORING 147
6.10.1 HIGH DEMAND IN OIL & GAS INDUSTRY TO MONITOR CRITICAL EQUIPMENT 147
TABLE 101 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018-2021 (USD MILLION) 148
TABLE 102 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022-2027 (USD MILLION) 148
TABLE 103 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY MONITORING PROCESS, 2018-2021 (USD MILLION) 148
TABLE 104 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY MONITORING PROCESS, 2022-2027 (USD MILLION) 148
TABLE 105 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 149
TABLE 106 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 149
TABLE 107 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 150
TABLE 108 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 150
TABLE 109 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 150
TABLE 110 VIBRATION MONITORING: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 151
7 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION 152
7.1 INTRODUCTION 153
FIGURE 35 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION 153
FIGURE 36 PAM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 154
TABLE 111 FUNCTIONS OF SOLUTIONS USED IN MANUFACTURING INDUSTRIES 154
TABLE 112 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018-2021 (USD MILLION) 155
TABLE 113 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022-2027 (USD MILLION) 155
7.2 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 156
7.2.1 RISING ADOPTION FOR REMOTE CONTROL OF OPERATIONS 156
FIGURE 37 SCOPE OF SCADA IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 157
TABLE 114 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018-2021 (USD MILLION) 158
TABLE 115 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022-2027 (USD MILLION) 158
TABLE 116 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 158
TABLE 117 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 159
TABLE 118 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 159
TABLE 119 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 160
TABLE 120 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 160
TABLE 121 SCADA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 160
7.3 PROGRAMMABLE LOGIC CONTROLLER (PLC) 161
7.3.1 GROWING INTEGRATION OF FUNCTIONS WITH PLC PLATFORMS 161
FIGURE 38 ADVANTAGES OF PLC 161
TABLE 122 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 162
TABLE 123 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 162
TABLE 124 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 162
TABLE 125 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 163
TABLE 126 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 163
TABLE 127 PLC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 163
7.4 DISTRIBUTED CONTROL SYSTEM (DCS) 164
7.4.1 RISING DEMAND FOR DCS TO INCREASE PRODUCTION EFFICIENCY ACROSS INDUSTRIES 164
FIGURE 39 BENEFITS OF DCS IN INDUSTRIAL PLANTS 164
TABLE 128 DCS SYSTEMS OFFERED BY VARIOUS COMPANIES 165
TABLE 129 BENCHMARKING OF TOP 3 COMPANIES IN DCS MARKET 166
TABLE 130 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 167
TABLE 131 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 167
TABLE 132 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 167
TABLE 133 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 168
TABLE 134 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 168
TABLE 135 DCS: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 168
7.5 MANUFACTURING EXECUTION SYSTEM (MES) 169
7.5.1 OFFERS COST SAVINGS AND OPTIMIZATION OF OPERATIONS 169
TABLE 136 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2018-2021 (USD MILLION) 169
TABLE 137 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY OFFERING, 2022-2027 (USD MILLION) 170
TABLE 138 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DEPLOYMENT, 2018-2021 (USD MILLION) 170
TABLE 139 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DEPLOYMENT, 2022-2027 (USD MILLION) 170
TABLE 140 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 171
TABLE 141 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 171
TABLE 142 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 172
TABLE 143 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 172
TABLE 144 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 172
TABLE 145 MES: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 173
7.6 INDUSTRIAL SAFETY 173
7.6.1 RISING NEED TO PREVENT HAZARDS AND RISKS ACROSS INDUSTRIES 173
TABLE 146 SAFETY-RELATED STANDARDS 174
TABLE 147 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 174
TABLE 148 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 175
TABLE 149 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 175
TABLE 150 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 176
TABLE 151 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 176
TABLE 152 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 176
TABLE 153 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 177
TABLE 154 INDUSTRIAL SAFETY: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 177
7.7 PLANT ASSET MANAGEMENT (PAM) 178
7.7.1 INCREASED ADOPTION TO REDUCE DOWNTIME AND WASTAGE IN MANUFACTURING PLANTS 178
TABLE 155 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 178
TABLE 156 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 179
TABLE 157 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 179
TABLE 158 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 179
TABLE 159 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET FOR PAM, BY REGION, 2018-2021 (USD MILLION) 180
TABLE 160 PAM: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET FOR PAM, BY REGION, 2022-2027 (USD MILLION) 180
8 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY 181
8.1 INTRODUCTION 182
FIGURE 40 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY 182
FIGURE 41 DISCRETE INDUSTRY SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 183
TABLE 161 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 183
TABLE 162 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 183
8.2 PROCESS INDUSTRY 184
FIGURE 42 METALS & MINING INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 184
TABLE 163 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2018-2021 (USD MILLION) 184
TABLE 164 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY PROCESS INDUSTRY, 2022-2027 (USD MILLION) 185
8.2.1 OIL & GAS 185
8.2.1.1 Growing adoption of automation solutions at offshore locations 185
8.2.2 CHEMICAL 186
8.2.2.1 Need for enhanced safety and efficiency in production process 186
8.2.3 PULP & PAPER 186
8.2.3.1 Surging demand to optimize processes 186
8.2.4 PHARMACEUTICAL 187
8.2.4.1 Growing need to standardize manufacturing processes 187
8.2.5 METALS & MINING 187
8.2.5.1 Increasing deployment of automation to boost productivity and enhance workforce safety 187
8.2.6 FOOD & BEVERAGE 188
8.2.6.1 Growing need for improved material handling and lower production costs 188
8.2.7 ENERGY & POWER 188
8.2.7.1 Increasing adoption of automation for greater efficiency 188
8.2.8 OTHERS 189
8.3 DISCRETE INDUSTRY 189
FIGURE 43 MEDICAL DEVICE INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 190
TABLE 165 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2018-2021 (USD MILLION) 190
TABLE 166 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY DISCRETE INDUSTRY, 2022-2027 (USD MILLION) 191
8.3.1 AUTOMOTIVE 191
8.3.1.1 Increasing demand for automation to enhance safety 191
8.3.2 MACHINE MANUFACTURING 191
8.3.2.1 Use of automated processes to reduce manufacturing time 191
8.3.3 SEMICONDUCTOR & ELECTRONICS 192
8.3.3.1 Demand for smart manufacturing techniques to meet diverse customer requirements 192
8.3.4 AEROSPACE & DEFENSE 192
8.3.4.1 Growing need for real-time visibility of manufacturing processes 192
8.3.5 MEDICAL DEVICE 193
8.3.5.1 Rising preference for innovative industrial control & factory automation solutions 193
8.3.6 OTHERS 193
9 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET, BY REGION 194
9.1 INTRODUCTION 195
FIGURE 44 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 195
FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 196
TABLE 167 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 196
TABLE 168 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 196
9.2 NORTH AMERICA 197
FIGURE 46 SNAPSHOT: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN NORTH AMERICA 198
TABLE 169 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 199
TABLE 170 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 199
TABLE 171 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018-2021 (USD MILLION) 200
TABLE 172 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022-2027 (USD MILLION) 200
TABLE 173 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 200
TABLE 174 NORTH AMERICA: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 201
9.2.1 US 201
9.2.1.1 Product launches by key players to drive market 201
9.2.2 CANADA 202
9.2.2.1 Growth in process industries to boost market 202
9.2.3 MEXICO 203
9.2.3.1 Increasing deployment of SCADA systems to modernize grids 203
9.3 EUROPE 203
FIGURE 47 SNAPSHOT: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN EUROPE 204
TABLE 175 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 205
TABLE 176 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 205
TABLE 177 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018-2021 (USD MILLION) 206
TABLE 178 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022-2027 (USD MILLION) 206
TABLE 179 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 206
TABLE 180 EUROPE: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 207
9.3.1 UK 207
9.3.1.1 Government support for development of IoT technologies 207
9.3.2 GERMANY 208
9.3.2.1 Growing technological innovation to facilitate market growth 208
9.3.3 FRANCE 208
9.3.3.1 Increasing government initiatives to promote industrial automation 208
9.3.4 ITALY 209
9.3.4.1 Rising adoption of automation solutions in industries 209
9.3.5 REST OF EUROPE 209
9.4 ASIA PACIFIC 209
FIGURE 48 SNAPSHOT: INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET IN ASIA PACIFIC 210
TABLE 181 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 211
TABLE 182 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 211
TABLE 183 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018-2021 (USD MILLION) 212
TABLE 184 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022-2027 (USD MILLION) 212
TABLE 185 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 212
TABLE 186 ASIA PACIFIC: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 213
9.4.1 JAPAN 213
9.4.1.1 Development of smart manufacturing processes to boost market 213
9.4.2 CHINA 213
9.4.2.1 Growing demand for automation to reduce costs 213
9.4.3 INDIA 214
9.4.3.1 Growing government initiatives for automation of industries 214
9.4.4 REST OF ASIA PACIFIC 215
9.5 REST OF THE WORLD (ROW) 215
FIGURE 49 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET IN ROW 215
TABLE 187 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 216
TABLE 188 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 216
TABLE 189 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2018-2021 (USD MILLION) 217
TABLE 190 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY SOLUTION, 2022-2027 (USD MILLION) 217
TABLE 191 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2018-2021 (USD MILLION) 217
TABLE 192 ROW: INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, BY REGION, 2022-2027 (USD MILLION) 218
9.5.1 SOUTH AMERICA 218
9.5.1.1 Growing demand for automation in pharmaceutical industry 218
9.5.2 MIDDLE EAST & AFRICA 219
9.5.2.1 Mining operations in Africa offer potential for digitalization 219
10 COMPETITIVE LANDSCAPE 220
10.1 INTRODUCTION 220
TABLE 193 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET 220
10.2 REVENUE ANALYSIS OF TOP PLAYERS 222
FIGURE 50 TOP PLAYERS IN INDUSTRIAL SAFETY MARKET, 2017-2021 222
10.3 MARKET SHARE ANALYSIS 222
TABLE 194 INDUSTRIAL SAFETY MARKET: MARKET SHARE OF KEY COMPANIES 223
10.4 COMPANY EVALUATION QUADRANT, 2021 224
10.4.1 STARS 224
10.4.2 EMERGING LEADERS 224
10.4.3 PERVASIVE PLAYERS 224
10.4.4 PARTICIPANTS 225
FIGURE 51 INDUSTRIAL SAFETY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021 225
10.5 SME EVALUATION QUADRANT, 2021 226
10.5.1 PROGRESSIVE COMPANIES 226
10.5.2 RESPONSIVE COMPANIES 226
10.5.3 DYNAMIC COMPANIES 226
10.5.4 STARTING BLOCKS 226
FIGURE 52 INDUSTRIAL SAFETY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021 227
10.6 INDUSTRIAL SAFETY MARKET: COMPANY FOOTPRINT 228
TABLE 195 PRODUCT FOOTPRINT 228
TABLE 196 INDUSTRY FOOTPRINT 229
TABLE 197 REGIONAL FOOTPRINT 230
TABLE 198 COMPANY FOOTPRINT 231
10.7 COMPETITIVE BENCHMARKING 232
TABLE 199 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: KEY START-UPS/SMES 232
TABLE 200 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 233
10.8 COMPETITIVE SCENARIOS AND TRENDS 236
10.8.1 PRODUCT LAUNCHES 236
TABLE 201 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: PRODUCT LAUNCHES, JANUARY 2021-JUNE 2022 236
10.8.2 DEALS 239
TABLE 202 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: DEALS, JANUARY 2021- JUNE 2022 239
10.8.3 OTHERS 243
TABLE 203 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET: OTHERS, APRIL 2021- JUNE 2022 243
11 COMPANY PROFILES 245
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 KEY PLAYERS 245
11.1.1 ABB 245
TABLE 204 ABB: BUSINESS OVERVIEW 245
FIGURE 53 ABB: COMPANY SNAPSHOT 246
TABLE 205 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
TABLE 206 ABB: PRODUCT LAUNCHES AND DEVELOPMENTS 248
TABLE 207 ABB: DEALS 248
11.1.2 EMERSON 250
TABLE 208 EMERSON: BUSINESS OVERVIEW 250
FIGURE 54 EMERSON: COMPANY SNAPSHOT 251
TABLE 209 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 210 EMERSON: PRODUCT LAUNCHES AND DEVELOPMENTS 253
TABLE 211 EMERSON: DEALS 253
11.1.3 SIEMENS 255
TABLE 212 SIEMENS: BUSINESS OVERVIEW 255
FIGURE 55 SIEMENS: COMPANY SNAPSHOT 256
TABLE 213 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 214 SIEMENS: DEALS 258
11.1.4 SCHNEIDER ELECTRIC 259
TABLE 215 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 259
FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 260
TABLE 216 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
TABLE 217 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS 262
TABLE 218 SCHNEIDER ELECTRIC: DEALS 263
11.1.5 MITSUBISHI ELECTRIC 264
TABLE 219 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW 264
FIGURE 57 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 265
TABLE 220 MITSUBISHI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
TABLE 221 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS 267
TABLE 222 MITSUBISHI ELECTRIC: OTHERS 267
11.1.6 GENERAL ELECTRIC CO. 268
TABLE 223 GENERAL ELECTRIC CO.: BUSINESS OVERVIEW 268
FIGURE 58 GENERAL ELECTRIC CO.: COMPANY SNAPSHOT 269
TABLE 224 GENERAL ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 225 GENERAL ELECTRIC CO.: PRODUCT LAUNCHES 270
11.1.7 ROCKWELL AUTOMATION 271
TABLE 226 ROCKWELL AUTOMATION: BUSINESS OVERVIEW 271
FIGURE 59 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 272
TABLE 227 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 273
TABLE 228 ROCKWELL AUTOMATION: DEALS 274
TABLE 229 ROCKWELL AUTOMATION: OTHERS 274
11.1.8 HONEYWELL 276
TABLE 230 HONEYWELL: BUSINESS OVERVIEW 276
FIGURE 60 HONEYWELL.: COMPANY SNAPSHOT 277
TABLE 231 HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 278
TABLE 232 HONEYWELL: DEALS 279
11.1.9 YOKOGAWA ELECTRIC CORPORATION 281
TABLE 233 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW 281
FIGURE 61 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 282
TABLE 234 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 283
TABLE 235 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 284
TABLE 236 YOKOGAWA ELECTRIC CORPORATION: DEALS 284
11.1.10 OMRON CORPORATION 286
TABLE 237 OMRON CORPORATION: BUSINESS OVERVIEW 286
FIGURE 62 OMRON CORPORATION: COMPANY SNAPSHOT 287
TABLE 238 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
TABLE 239 OMRON CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 289
TABLE 240 OMRON CORPORATION: DEALS 289
TABLE 241 OMRON CORPORATION: OTHERS 289
11.1.11 ENDRESS+HAUSER 290
TABLE 242 ENDRESS+HAUSER: BUSINESS OVERVIEW 290
FIGURE 63 ENDRESS+HAUSER: COMPANY SNAPSHOT 291
TABLE 243 ENDRESS+HAUSER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 292
TABLE 244 ENDRESS+HAUSER: PRODUCT LAUNCHES AND DEVELOPMENTS 293
TABLE 245 ENDRESS+HAUSER: OTHERS 293
11.1.12 FANUC CORPORATION 294
TABLE 246 FANUC CORPORATION: BUSINESS OVERVIEW 294
FIGURE 64 FANUC CORPORATION: COMPANY SNAPSHOT 295
TABLE 247 FANUC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 296
11.1.13 WIKA GMBH 297
TABLE 248 WIKA GMBH: BUSINESS OVERVIEW 297
TABLE 249 WIKA GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 297
TABLE 250 WIKA GMBH: PRODUCT LAUNCHES AND DEVELOPMENTS 298
TABLE 251 WIKA GMBH: OTHERS 298
11.1.14 DWYER INSTRUMENTS 299
TABLE 252 DWYER CORPORATION: BUSINESS OVERVIEW 299
TABLE 253 DWYER INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 299
TABLE 254 DWYER INSTRUMENTS: PRODUCT LAUNCHES AND DEVELOPMENTS 300
11.1.15 STRATASYS 301
TABLE 255 STRATASYS: BUSINESS OVERVIEW 301
FIGURE 65 STRATASYS: COMPANY SNAPSHOT 302
TABLE 256 STRATASYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 302
TABLE 257 STRATASYS: PRODUCT LAUNCHES AND DEVELOPMENTS 303
TABLE 258 STRATASYS: DEALS 303
11.1.16 3D SYSTEMS CORPORATION 304
TABLE 259 3D SYSTEMS CORPORATION: BUSINESS OVERVIEW 304
FIGURE 66 3D SYSTEMS CORPORATION: COMPANY SNAPSHOT 305
TABLE 260 3D SYSTEMS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 306
TABLE 261 3D SYSTEMS CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 306
TABLE 262 3D SYSTEMS CORPORATION: DEALS 307
11.2 OTHER KEY PLAYERS 308
11.2.1 FUJI ELECTRIC 308
TABLE 263 FUJI ELECTRIC: COMPANY OVERVIEW 308
11.2.2 HITACHI 309
TABLE 264 HITACHI: COMPANY OVERVIEW 309
11.2.3 KROHNE 310
TABLE 265 KROHNE: COMPANY OVERVIEW 310
11.2.4 AZBIL CORPORATION 311
TABLE 266 AZBIL CORPORATION: COMPANY OVERVIEW 311
11.2.5 VEGA GRIESHABER 312
TABLE 267 VEGA GRIESHABER: COMPANY OVERVIEW 312
11.2.6 DANFOSS 312
TABLE 268 DANFOSS: COMPANY OVERVIEW 312
11.3 OTHER PLAYERS 313
11.3.1 TEGAN INNOVATIONS 313
TABLE 269 TEGAN INNOVATIONS: COMPANY OVERVIEW 313
11.3.2 WIN-911 SOFTWARE 313
TABLE 270 WIN-911 SOFTWARE: COMPANY OVERVIEW 313
11.3.3 PINPOINT INFORMATION SYSTEMS 314
TABLE 271 PINPOINT INFORMATION SYSTEMS: COMPANY OVERVIEW 314
11.3.4 PROGEA 314
TABLE 272 PROGEA: COMPANY OVERVIEW 314
11.3.5 CHAOS PRIME 315
TABLE 273 CHAOS PRIME: COMPANY OVERVIEW 315
11.3.6 INXPECT S.P.A. 315
TABLE 274 INXPECT S.P.A.: COMPANY OVERVIEW 315
11.3.7 ALGOLUX 316
TABLE 275 ALGOLUX: COMPANY OVERVIEW 316
11.3.8 INUITIVE 316
TABLE 276 INUITIVE: COMPANY OVERVIEW 316
11.3.9 EAVE 317
TABLE 277 EAVE: COMPANY OVERVIEW 317
11.3.10 CANARIA 317
TABLE 278 CANARIA: COMPANY OVERVIEW 317
11.3.11 FUELICS 318
TABLE 279 FUELICS: COMPANY OVERVIEW 318
11.3.12 ULTIMAKER 318
TABLE 280 ULTIMAKER: COMPANY OVERVIEW 318
11.3.13 NANO DIMENSION 319
TABLE 281 NANO DIMENSION: COMPANY OVERVIEW 319
11.3.14 DEEP LEARNING ROBOTICS 319
TABLE 282 DEEP LEARNING ROBOTICS: COMPANY OVERVIEW 319
11.3.15 PICK-IT 3D 320
TABLE 283 PICK-IT 3D: COMPANY OVERVIEW 320
11.3.16 ONROBOT 320
TABLE 284 ONROBOT: COMPANY OVERVIEW 320
11.3.17 TRIVISION 321
TABLE 285 TRIVISION: COMPANY OVERVIEW 321
11.3.18 CLEVEST 321
TABLE 286 CLEVEST: COMPANY OVERVIEW 321
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
?
12 ADJACENT & RELATED MARKETS 322
12.1 INTRODUCTION 322
12.2 LIMITATIONS 322
12.3 DIGITAL TWIN MARKET, BY APPLICATION 323
12.3.1 INTRODUCTION 323
TABLE 287 DIGITAL TWIN MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 323
TABLE 288 DIGITAL TWIN MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 323
12.4 PRODUCT DESIGN & DEVELOPMENT 324
12.4.1 USE OF DIGITAL TWINS TO MONITOR KEY PERFORMANCE INDICATORS IN REAL TIME 324
TABLE 289 PRODUCT DESIGN & DEVELOPMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 324
TABLE 290 PRODUCT DESIGN & DEVELOPMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 325
12.5 PERFORMANCE MONITORING 325
12.5.1 OPTIMIZES OPERATIONAL DOWNTIME AND MITIGATES COSTLY FAILURES 325
TABLE 291 PERFORMANCE MONITORING: DIGITAL TWIN MARKET, 2018-2021 (USD MILLION) 326
TABLE 292 PERFORMANCE MONITORING: DIGITAL TWIN MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 326
12.6 PREDICTIVE MAINTENANCE 327
12.6.1 DIGITAL TWINS PREDICT FAILURES BASED ON REAL-TIME DATA COLLECTION 327
TABLE 293 PREDICTIVE MAINTENANCE: DIGITAL TWIN MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 328
TABLE 294 PREDICTIVE MAINTENANCE: DIGITAL TWIN MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 328
12.7 INVENTORY MANAGEMENT 329
12.7.1 USE OF DIGITAL TWINS FOR INVENTORY OPTIMIZATION ACROSS NETWORKS 329
TABLE 295 INVENTORY MANAGEMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 330
TABLE 296 INVENTORY MANAGEMENT: DIGITAL TWIN MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 330
12.8 BUSINESS OPTIMIZATION 331
12.8.1 EXPECTED TO REGISTER HIGHEST GROWTH IN DIGITAL TWIN MARKET DURING FORECAST PERIOD 331
TABLE 297 BUSINESS OPTIMIZATION: DIGITAL TWIN MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 331
TABLE 298 BUSINESS OPTIMIZATION: DIGITAL TWIN MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 332
12.9 OTHER APPLICATIONS 333
TABLE 299 OTHER APPLICATIONS: DIGITAL TWIN MARKET, BY INDUSTRY 2018-2021 (USD MILLION) 333
TABLE 300 OTHER APPLICATIONS: DIGITAL TWIN MARKET, BY INDUSTRY 2022-2027 (USD MILLION) 334
?
13 APPENDIX 335
13.1 INSIGHTS OF INDUSTRY EXPERTS 335
13.2 DISCUSSION GUIDE 336
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 339
13.4 CUSTOMIZATION OPTIONS 341
13.5 RELATED REPORTS 341
13.6 AUTHOR DETAILS 342
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