Industrial Control & Factory Automation Market Trends and Growth Opportunities Analysis

The industrial control and factory automation market are growing on the back of rapid industrialization. The onset of emerging technologies, for example, the internet of things (IoT) and artificial intelligence (AI), are also serving as key drivers to boost growth in the industrial control and factory automation market.

There is an increased requirement to manufacture products at a larger scale. Further, the rising number of connected enterprises has also added value in the industrial control and factory automation market. 

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Some deadly mishaps can take place during the industrial assembling cycles because of mechanical disappointments and human mistakes. It results in the adoption of wellbeing measurements in order to avoid these episodes in the working environment. The solutions from the industrial control and factory automation market may help to lessen these mishaps. These factors may lead to growth in the industrial control and factory automation industry.

Industrial Control & Factory Automation Market – Industry Segmentations  

The industrial control and factory automation market is segmented on the basis of region, industry, solution, and component. Based on the components, the industrial control and factory automation industry is segmented into industrial 3D printers, machine vision systems, industrial sensors, and industrial robots. Industrial PC, machine vision systems, human-machine interface, process analyzers, vibration monitoring, and field instruments are also the classification of industrial control and factory automation market on the basis of components.

On the basis of solution, the industrial control and factory automation market is divided into PAM, DCS, SCADA, PLC, MES, and industrial safety. The industrial control and factory automation industry is bifurcated into various industries and also process industries. These two are classified into further segments. Talking about process industries, the industrial control, and factory automation market is categorized into oil and gas, pharmaceuticals, chemicals, energy and power, metals and mining, pulp and paper, and food and beverages. Based on various industries the market of industrial control and factory automation is divided into automotive, aerospace and defense, semiconductor and electronics, machine manufacturing, and medical devices.

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In addition, printing, packaging, consumer goods, and consumer electronics, jewelry, and solar panel manufacturing are also the division of industrial control and factory automation industries based on different industries.