Automation and Control System Market Size, Share, Value and Forecast 2032

Automation and Control System Market Insights

Zion Market Research has published a report on the global Automation and Control System Market, estimating its value at USD 279.60 Billion in 2023, with projections indicating that it will reach USD 703.70 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 10.8% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Automation and Control System Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Automation and Control System Market: Overview

Automation basically means the use of various control systems for operating equipment like machinery, processes in factories, boilers and heat treating ovens, stabilization of ships, aircrafts and other applications and vehicles with minimal or reduced human intervention. Automation and control system is the integration of IT technology with the mechanical systems. These systems are used for reliable and standardized production systems. It offers customers improved quality with standardization and dependable products within the time and at an economical cost. In the pharmaceutical and biotech industry automation and control systems are mainly used for manufacturing and packaging, to provide high quality products and also improving efficiency in manufacturing and packaging.

Various industries has been impacted due to rapid spreading COVID19 on each stage of its value chain through mediums of affected workforce at industrial level, raw material supply, trade & logistics, demand–supply volatility, and uncertain consumer demand at retail outlets. Due to high wages and workforce shortages, the developed countries are investing exponentially in automation and control. Trade restrictions imposed by several countries across the globe to prevent further spread of coronavirus has significantly affected global logistics and transportation, which, in turn, has slightly impacted the Automation and Control System Market in Pharmaceutical and Biotech Industry.

Automation and Control System Market: Growth Factors  

Factors like the rise in generic drugs, increasing prevalence of chronic illness, growing need for productivity of pharmaceutical drugs and the rising investment by biotechnology market for new drugs are expected to escalate the need for automation and control systems thereby driving the market. Also the growing healthcare awareness and technological advancement is fueling the market significantly. Increasing R&D and the outsourcing of pharmaceutical companies is also leading the market growth in automation and control systems. However, the absence of skilled workers and the different standards adopted by the different equipment manufacturers are some major factors hampering the growth of this market.

Automation and Control System Market: Segment Analysis

Communication technology available in Automation and Control System Market in Pharmaceutical and Biotech Industry are wired technology and Wireless technology. Among them, the demand for Wired technology is relatively higher and the trend is anticipated to remain so over the next few years.  

Based on offering, the market is segmented into facility management systems, fire protection systems and security and access control systems. Facility management systems segment held the major share in the Automation and Control System Market in Pharmaceutical and Biotech Industry. Manufacturing sector are preparing themselves for industry 5.0, Adaption of IOT, and artificial intelligence. This growing demand for automation & control due to the rise of industry 5.0 and its adaption across the industries is likely to spur the growth of the market.

Automation and Control System Market: Report Scope

Automation and Control System Market: Regional Analysis

North America is expected to dominate the market for automation and control systems in pharmaceutical and biotech industry, owing to the huge number of ageing population and the growing investments in the industry. Technological advancement along with the trend of awareness about the industry has led to the growth of the market in this region.

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APAC followed by Europe is estimated to be the fastest growing regions in the automation and control systems market. Emerging economies like India and China are growing rapidly due to the increasing investments in R&D, large pool of patients and the growing government funding with the rising awareness about healthcare sector. Also the growing trend in technological advancements is expected to fuel the market in these regions.

Automation and Control System Market: Players & Competitive Landscape

Major players in the Automation and Control System Market are

• General Electric
• Honeywell International
• Siemens AG
• M+ W Group
• Fanuc Corporation
• Mitsubishi Electric Corporation
• OMRON Corporation
• ABB Group
• Schlumberger Limited
• Stratasys Ltd

 The global automation and control system market is segmented as follows:

By Type

• PLC
• SCADA
• DCS
• Others

By Technilogy

• Wired technology
• Wireless technology

By Application

• Facility management systems
• Fire protection systems
• Security and access control systems
• Centralized
• Decentralized
• Local

By Approach

• Centralized
• Decentralized
• Local

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa