Meticulous Research®—a leading global market research
company, published a research report titled, ‘Asia-Pacific
Industrial Automation Market by Component (Plant-level Controls,
Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi,
Fully Automatic), End User (Oil & Gas, Automotive, F&B, Others), and
Geography - Forecast to 2030.’
According to this latest publication from Meticulous
Research®, the Asia-Pacific Industrial Automation Market is projected to reach
$136.9 billion by 2030, at a CAGR of 9% from 2023 to 2030. The growth of this
market is driven by the growing adoption of robots in the manufacturing sector,
government initiatives to promote industrial automation, and increasing
investments in transforming conventional production facilities. The growing
number of SMEs and rising demand for IIoT in Asia-Pacific's manufacturing
sector are expected to offer significant growth opportunities for the
stakeholders in the Asia-Pacific industrial automation market. The high initial
investment may restrain the market's growth. Furthermore, the limited
availability of skilled labor and cyber risks associated with automated systems
are expected to challenge the growth of the Asia-Pacific industrial automation
market.
The Asia-Pacific industrial automation market is segmented
by component (enterprise-level controls, [product lifecycle management {PLM},
enterprise resource planning {ERP}, manufacturing execution systems {MES}],
plant instrumentation [motors & drives, robot {articulated robots,
cartesian robots, SCARA, collaborative robots, other robots}, sensors, machine
vision systems {cameras, optics and LED lighting}, relays & switches, other
plant instrumentation components] and plant-level controls [supervisory control
and data acquisition {SCADA}, distributed control systems {DCS}, programmable
logic controllers {PLC}, and other plant-level controls]), mode of automation (semi-automatic
systems, fully-automatic systems), end user (oil & gas [upstream,
midstream, downstream], chemicals & materials, paper & pulp,
pharmaceuticals & biotech, mining & metals, food & beverage
[beverages & distilleries, dairy processing, bakery & confectionary,
meat, poultry, and seafood products, fruits & vegetables, oil & fats,
other F&B end users], power, consumer goods, automotive, machines &
tools, electronics & semiconductors, aerospace & defence, and other end
users).
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Based on component, the Asia-Pacific industrial automation
market is segmented into plant instrumentation, plant-level controls, and
enterprise-level controls. In 2023, the enterprise-level controls segment is
expected to account for the largest share of the Asia-Pacific industrial
automation market. The large market share of this segment is attributed to the
high adoption of PLM, ERP, and MES solutions for streamlining the production
& enterprise processes across the manufacturing & industrial sectors,
the increasing need to automate industrial production with industrial
automation software, the rising popularity of connected industrial automation
solutions, and the growing demand to analyze productivity and efficiency in
industries.
However, the plant-level controls segment is projected to
register the highest CAGR during the forecast period. The growth of this
segment is driven by the increasing need to improve the productivity of
manufacturing/industrial engineers across the industries, the growing need to
enhance supply chain operations, maintenance management, data collection, and
product configurations, increasing implementations of SCADA to control and optimize
industrial operations, and increasing deployments of HMI for displaying data,
tracking production time and trends, and monitoring machine inputs and outputs.
Based on mode of automation, the Asia-Pacific industrial
automation market is segmented into semi-automatic systems and fully automatic
systems. In 2023, the semi-automatic systems segment is expected to account for
the larger share of the Asia-Pacific industrial automation market. The large
market share of this segment is attributed to the growing demand for
semi-automatic systems for companies that emphasize improving their
manufacturing process but hesitate or cannot eliminate operator assistance and
growing technological advancements in semi-automatic systems.
However, the fully automatic systems segment is projected to
register the highest CAGR during the forecast period. The growth of this
segment is driven by the growing need to increase industrial production
capabilities. Adopting fully automatic systems helps companies increase their
throughput volumes by automating the feeding and assembly processes. The
companies adopting fully automatic systems are usually large-scale companies
with automated equipment in their operating facilities and are exploring ways
to minimize long-term costs by reducing human labor.
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Furthermore, the rising focus of key players on product
development and enhancement is expected to drive segment growth. For instance,
in January 2021, Yokogawa Electric Corporation (Japan) launched the new version
of CENTUM VP R6.08. This version of the integrated production control system
includes enhancements such as CPU module upgrade, enhanced online upgrade, and
CPU module replacement. This can be used for plant operation monitoring and
automatic control.
Based on end user, the Asia-Pacific industrial automation
market is broadly segmented into oil & gas, chemicals & materials,
paper & pulp, pharmaceuticals & biotech, mining & metals, food
& beverage, power, consumer goods, automotive, machines & tools,
semiconductors & electronics, aerospace & defense, and other end users.
In 2023, the oil & gas segment is expected to account for the largest share
of the Asia-Pacific industrial automation market. The large market share of
this segment is attributed to the increasing implementation of automation
technologies to improve decision-making, troubleshooting, and performance
efficiency in oil & gas exploration activities.
Additionally, rising initiatives for the digitalization of
oil & gas industry are expected to drive segment growth. For instance, in
May 2023, Essar Exploration & Production Ltd. (India), India's leading
pioneering unconventional hydrocarbon player, collaborated with Sensia LLC
(U.S.) to digitalize oil and gas field operations to enhance operational
efficiencies. The strategic collaboration aims to unify measurement systems,
optimize decision-making, and enable remote control of critical parameters
across Essar wells, facilities, and customer interfaces.
However, the automotive segment is projected to register the
highest CAGR during the forecast period. The growth of this segment is driven
by the increasing implementation of machine vision systems and sensor technologies
by automotive manufacturers, increasing utilization of robotics for automotive
body assembly automation, including streamlining repetitive processes like
welding, material handling, and assembling auto body components, and
intelligent automation for enhanced manufacturing flexibility. Automotive
manufacturers can save on labor costs and rework, improving quality and
repeatability with robotics, vision, and software integration.
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Based on geography, the Asia-Pacific industrial automation
market is segmented into China, Japan, India, South Korea, Thailand, Singapore,
Vietnam, Taiwan, Australia, Malaysia, New Zealand, Indonesia, and the rest of
Asia-Pacific. In 2023, China is expected to account for the largest share of
the Asia-Pacific industrial automation market. China’s major market share is
attributed to the rising opportunities for industrial automation in the
manufacturing sector, the growing presence of leading manufacturing companies
to implement industrial automation solutions, the growing economy, and rising
investments in Industry 4.0.
Also, the increasing installation of industrial robots in
China and the strong presence of automation machinery manufacturing companies
are improving the significance of the Asia-Pacific industrial automation
market. Companies are exerting efforts to launch innovative programs or focus
on expansion across the country, which helps to promote the growth of the
industrial automation market in China. For instance, in June 2023, ABB Ltd
(Switzerland) collaborated with China Telecom Corporation Limited (China) to
focus on developing end-to-end industrial IoT solutions for industrial
companies based in China.
Moreover, China is also projected to register the highest
CAGR during the forecast period. The growth of this region is driven by the
reduced cost of automation systems, increasing labor costs, and increasing
safety and hygiene requirements in the industrial sector. In December 2022, ABB
Ltd (Switzerland) invested USD 150 million in its state-of-the-art, fully
automated, and flexible robotics factory in Kangqiao, Shanghai, China. This
investment will deploy the company’s digital and automation technologies to
manufacture next-generation robots – enhancing ABB’s robotics and automation
leadership in China. Such development is expected to support the growth of the
market.
Key Players:
Some of the key players operating in the Asia-Pacific
industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation
Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan),
Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG
(Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell
International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON
Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd.
(Japan), and General Electric Company (U.S.).
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Key questions answered in the report:
Which are the high-growth market segments in terms of
component, mode of automation, and end user?
What is the historical market size for industrial automation
across the Asia-Pacific?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, opportunities, and
challenges in the Asia-Pacific industrial automation market?
Who are the major players in the Asia-Pacific industrial
automation market, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the Asia-Pacific
industrial automation market?
What are the different strategies adopted by the major
players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the Asia-Pacific
industrial automation market, and how do they compete with other players?
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