North America 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 & Beverage, Oil & Gas, Manufacturing, Mining, and Others)
The North America factory automation market is expected to grow from US$ 46,797.4 million in 2022 to US$ 74,823.3 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2022 to 2028.
Market Introduction
Automation frequently uses hydraulic, pneumatic, and robotic arms in production process to build complicated systems. It helps enhance outputs and efficiency while lowering costs in competitive environment. Its use also reduces human operators' risks when handling hazardous equipment. Factory automation uses computer software to control machinery and processes, which replace human beings in performing specific function. The factory automation industry in North America has been revolutionized by combining the digital and physical aspects of manufacturing.
In recent years, the oil & gas industry has been witnessing the heavy implementation of factory automation solutions across upstream, midstream, and downstream processes. The component provider offers connectivity hardware, sensors, and microchips to various factory automation OEMs. Factory automation OEMs play a crucial role in the ecosystem by developing advanced factory automation, such as AI and IoT-based factory automation solutions. These are offered to system integrators, which create a communication link between automated systems that allow plant equipment to communicate efficiently with operators and other machinery. One of the most common types of system integration is a supervisory control and data acquisition (SCADA), as it combines software and hardware elements to allow companies to control and monitor their factory processes on cloud or on-premises.
The US accounted for the largest share of the North America factory automation market size in 2021. The market growth in the region is attributed to the rise in investments by several industry verticals across the country to automate manufacturing processes. Manufacturing, automotive, and food & beverages are among the major industries across the region investing in automating their production plants. In July 2022, PepsiCo announced its intentions to build a 152-acre automated production facility in Denver, which is expected to be operational from September 2023. Similarly, over the years, Nestle has adopted several automated solutions for manufacturing, packing, and assembling its products. Such investments are expected to propel the demand for factory automation solutions across the country in the coming years. Moreover, the increasing government initiative across the country to promote the adoption of automation across production facilities through various incentive schemes, such as Quality Jobs Tax Credit and Qualified Facility for Refundable Tax Credits, is further expected to boost the US factory automation market growth during the forecast period.
Market Overview and Dynamics
The mining industry is adopting automation for the continuous ore supply to the third party, high efficiency, easy transport, and metal extraction improvements to make business profitable. .
Factory automation systems have gradually reduced the role of a miner in the pit and provided a safe work environment for the operator. Also, it offers real-time information and data on mining operations, thereby helping them analyze the overall mining process, make mining process visible, and gain full control of their fleets. Automation also helps reduce capital and labor costs and improve energy efficiency. According to the case study by Telefonaktiebolaget LM Ericsson, by using automation for drilling and blasting, ~US$ 2.48 million were saved annually at the Aitik mine alone. These factors are expected to fuel the demand for automation solutions in the mining industry, thereby contributing to the growth of the factory automation market in North America.
Key Market Segments
Based on type, the North America factory automation market size is segmented into programmable automation, fixed automation, and flexible automation. The rising adoption of Industry 4.0 and IoT-enabled smart technologies has raised the demand for factory automation. The fixed automation segment led the market in 2021. The market growth for this segment is attributed to the rising demand for fixed automation solutions in many industries, including automotive and chemicals. However, the flexible automation segment is expected to register the highest CAGR over the forecast period. Flexible automation is majorly used across manufacturing assembly plants. It is highly adopted across the electronics industry, where flexible machines are used to manufacture printed circuit boards with integrated circuits and other components. The automotive industry is also increasingly adopting flexible automation technology owing to the increased complexity in car manufacturing like rise in integration of smart components and electronics. Thus, the increasing car manufacturing volume across North America bolsters the demand for flexible automation, which would drive the factory automation market growth for the segment during the forecast period.
Mexico has experienced a rise in investment in its manufacturing sectors, especially automotive. The major automotive manufacturers operating across Mexico include Volkswagen, Ford, Toyota, Nissan, Volvo Trucks, Scania, Honda, Isuzu, and Kenworth. The rising investment by these companies in adopting robots across their manufacturing plants is contributing to the growth of the market. Additionally, automotive component manufacturers across the region are investing in integrating robotics across their plants. For instance, Lear, an automotive component manufacturer, has integrated robotics in its Mexico plant to drill the bases of vehicle seats where they are installed. Such factors are driving the Mexico factory automation market size. Additionally, the implementation of the trade agreement in June 2020 between the US, Mexico, and Canada has further boosted the manufacturing sector of Mexico, thereby fueling the Mexico factory automation market share.
Major Sources and Companies Listed
ABB LTD.; Emerson Electric Co.; FANUC; General Electric Company; Honeywell International Inc.; Mitsubishi Electric Corporation; Omron Corporation; Robert Bosch GmbH; Rockwell Automation, Inc.; and Siemens AG are among the top companies operating in the North America factory automation market. Various other companies operating in the factory automation market are coming up with new technologies and offerings, which is helping the market to expand.
Reasons to buy report
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- To obtain revenue forecast for the market by various segments from 2022 to 2028 in US$.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Factory Automation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Competitive Benchmarking
4.6 Growth Matrix
5. Factory Automation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Factory Automation Across Automotive Industry
5.1.2 Increasing Number of Product Launches
5.2 Market Restraints
5.2.1 High Operating Cost for Small and Medium Manufacturing Companies
5.2.2 Cybersecurity Risks Through Cobots
5.3 Market Opportunities
5.3.1 Growing Collaborative Partnerships Between Companies
5.4 Future Trends
5.4.1 Automation in Mining Industry
5.5 Impact Analysis of Drivers and Restraints
6. Factory Automation – North America Market Analysis
6.1 Factory Automation Market Overview
6.2 Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. Factory Automation Market Analysis – By Component
7.1 Overview
7.2 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. Factory Automation Market Analysis – By Hardware
8.1 Overview
8.2 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. Factory Automation Market Analysis – By Type
9.1 Overview
9.2 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. Factory Automation Market Analysis – By Technology
10.1 Overview
10.2 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. Factory Automation Market Analysis – By Industry Vertical
11.1 Overview
11.2 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. Factory Automation Market – Geographic Analysis
12.1 Overview
12.1.1 North America: Factory Automation Market, by Key Country
12.1.1.1 US: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
12.1.1.1.1 US: Factory Automation Market, by Component
12.1.1.1.2 US: Factory Automation Market, by Hardware
12.1.1.1.3 US: Factory Automation Market, by Type
12.1.1.1.4 US: Factory Automation Market, by Technology
12.1.1.1.5 US: Factory Automation Market, by Industry Vertical
12.1.1.2 Canada: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
12.1.1.2.1 Canada: Factory Automation Market, by Component
12.1.1.2.2 Canada: Factory Automation Market, by Hardware
12.1.1.2.3 Canada: Factory Automation Market, by Type
12.1.1.2.4 Canada: Factory Automation Market, by Technology
12.1.1.2.5 Canada: Factory Automation Market, by Industry vertical
12.1.1.3 Mexico: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
12.1.1.3.1 Mexico: Factory Automation Market, by Component
12.1.1.3.2 Mexico: Factory Automation Market, by Hardware
12.1.1.3.3 Canada: Factory Automation Market, by Type
12.1.1.3.4 Canada: Factory Automation Market, by Technology
12.1.1.3.5 Canada: Factory Automation Market, by Industry vertical
13. North America Factory Automation Market - COVID-19 Impact Analysis
13.1 North America: Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Merger and Acquisition
14.4 New Product Launch
15. Company Profiles
15.1 ABB Ltd
15.1.1 1.Key Facts
15.1.2 .Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Emerson Electric Co.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Fanuc Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 General Electric Company
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Mitsubishi Electric Corporation
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Honeywell International Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 OMRON Corporation
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Rockwell Automation, Inc.
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Siemens AG
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Bosch Rexroth AG
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
LIST OF TABLES
Table 1. Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Factory Automation Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Factory Automation Market, by Hardware –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Factory Automation Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Factory Automation Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Factory Automation Market, by Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Factory Automation Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Factory Automation Market, by Hardware –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Factory Automation Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Factory Automation Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Factory Automation Market, by Industry vertical –Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Factory Automation Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Factory Automation Market, by Hardware –Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Factory Automation Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Factory Automation Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Factory Automation Market, by Industry vertical –Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Factory Automation Market Segmentation
Figure 2. Factory Automation Market Segmentation – By Countries
Figure 3. North America Factory Automation Market Overview
Figure 4. North America Factory Automation Market – Component Analysis
Figure 5. North America Factory Automation Market – Hardware Analysis
Figure 6. North America Factory Automation Market – Type Analysis
Figure 7. North America Factory Automation Market – Technology Analysis
Figure 8. North America Factory Automation Market – Industry Vertical Analysis
Figure 9. North America Factory Automation Market – Countries Analysis
Figure 10. North America: PEST Analysis
Figure 11. Factory Automation Market – Ecosystem Analysis
Figure 12. Expert Opinion
Figure 13. Competitive Benchmarking
Figure 14. Growth Matrix
Figure 15. Factory Automation Market Impact Analysis of Drivers and Restraints
Figure 16. North America: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Factory Automation Market Revenue Share, by Component (2021 and 2028)
Figure 18. Hardware: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Software: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Factory Automation Market Revenue Share, by Hardware (2021 and 2028)
Figure 21. Sensors: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Controllers: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Robots: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Drives: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Factory Automation Market Revenue Share, by Type (2021 and 2028)
Figure 27. Programmable Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Fixed Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Flexible Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Factory Automation Market Revenue Share, by Technology (2021 and 2028)
Figure 31. PLC: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 32. DCS: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 33. SCADA: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 34. HMI: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 35. Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 36. Factory Automation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 37. Automotive: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 38. Food and Beverage: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 39. Oil and Gas: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 40. Manufacturing: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 41. Mining: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 42. Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 43. North America: Factory Automation Market Revenue Share, by Key Country (2021 and 2028)
Figure 44. US: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 45. Canada: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 46. Mexico: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 47. Impact of COVID-19 Pandemic in North America Country Markets
- ABB LTD.
- Emerson Electric Co.
- FANUC
- General Electric Company
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Siemens AG
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