Report : Asia Pacific Industrial Automation Market Forecast to 2030 – Regional Analysis – by Component (Hardware and Software), System (Supervisory Control and Data Acquisition, Distributed Control System, Programmable Logic Control, and Other), and End User (Oil & Gas, Automotive, Food & Beverages, Chemical & Materials, Aerospace & Defense, and Others)
At 9.2% CAGR, the Asia Pacific Industrial Automation Market is Speculated to be worth US$ 135,262.1 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific industrial automation market was valued at US$ 66,901.9 million in 2022 and is expected to reach US$ 135,262.1 million by 2030, registering a CAGR of 9.2% from 2022 to 2030. Rising uptake of automation across food & beverage industry and increase in machine vision systems adoption for industrial automation are among the critical factors attributed to the Asia Pacific industrial automation market expansion.
Machine vision users and systems integrators have exploited better imaging, optics, illumination, and software for nearly 40 years. Even though machine vision is a somewhat mature technology, lower component, software, and engineering costs and increased simplicity of use and application expansion continue to drive machine vision acceptance across industries.
In 2021, due to the COVID-19 pandemic, manufacturers accelerated the deployment of machine vision technology for industrial automation to keep operations running as effectively as possible and keep up with the increasing demand as businesses scrambled to bolster digital infrastructure, supporting remote workers.
Additionally, logistics-related apps experienced a rise due to a surge in online purchase volumes. Imaging systems in retail distribution centers and automated warehouse storage and retrieval systems, and manufacturers of PPE-related items, such as face masks, face shields, protective garments, and respirators were among them. Other factors influencing the uptake of machine vision systems for industrial automation include predictive maintenance, packaging inspection, automated barcode reading, product and component assembly, defect reduction, and 3D vision inspection.
Moreover, the rise in investment by companies to develop new products through machine vision technology for industrial automation is further propelling the market. Thus, the rise in investments by companies is boosting the uptake of machine vision systems for industrial automation.
On the contrary, the requirement of high initial investment hampers the Asia Pacific industrial automation market.
Based on component, the Asia Pacific industrial automation market is segmented into hardware and software. The hardware segment held 69.0% share of Asia Pacific industrial automation market in 2022, amassing US$ 46.16 million. It is projected to garner US$ 96.87 million by 2030 to expand at 9.7% CAGR during 2022–2030. The hardware is further sub segmented into motors and drives, robots, sensors, machine vision systems, and others.
Based on system, the Asia Pacific industrial automation market is segmented into supervisory control and data acquisition, distributed control system, programmable logic control, and other. The distributed control system segment held 29.6% share of Asia Pacific industrial automation market in 2022, amassing US$ 19.82 million. It is projected to garner US$ 42.84 million by 2030 to expand at 10.1% CAGR during 2022–2030.
Based on end user, the Asia Pacific industrial automation market is segmented into oil & gas, automotive, food & beverage, chemical & materials, aerospace & defense, and others. The automotive segment held 28.2% share of Asia Pacific industrial automation market in 2022, amassing US$ 18.84 million. It is projected to garner US$ 41.38 million by 2030 to expand at 10.3% CAGR during 2022–2030.
Based on country, the Asia Pacific industrial automation market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 42.6% share of Asia Pacific industrial automation market in 2022. It was assessed at US$ 28.52 million in 2022 and is likely to hit US$ 62.44 million by 2030, exhibiting a CAGR of 10.3% during 2022–2030.
Key players operating in the Asia Pacific industrial automation market are ABB Ltd, Bosch Rexroth AG, Emerson Electric Co, Hitachi Ltd, Honeywell International Inc, Mitsubishi Electric Corp, OMRON Corp, Rockwell Automation Inc, Schneider Electric SE, and Siemens AG, among others.
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