Factory Automation (FA) Research Report：the market size is projected to reach USD 0.28 billion by 2030

According to the new market research report “Factory Automation (FA) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Factory Automation (FA) market size is projected to reach USD 0.28 billion by 2030, at a CAGR of 7.2% during the forecast period.

• Global Factory Automation (FA) MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Factory Automation (FA) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Factory Automation (FA) TopPlayers Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Factory Automation (FA) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Factory Automation (FA) include Siemens, Mitsubishi Electric, ABB, Schneider Electric, Emerson, Keyence, Rockwell Automation, Fanuc, Bosch Rexroth, Honeywell, etc. In 2023, the global top five players had a share approximately 39.0% in terms of revenue.

Market Drivers:

Increasing Demand for Efficiency and Productivity: The need to enhance production efficiency, reduce operational costs, and increase overall productivity is driving the adoption of factory automation systems.

Restraint:

High Initial Investment: The substantial capital expenditure required for implementing factory automation systems can be a significant barrier, particularly for small and medium-sized enterprises (SMEs).

Opportunity:

Advancements in AI and Machine Learning: Integrating AI and machine learning with automation systems can lead to smarter and more adaptive manufacturing processes, providing opportunities for innovation and enhanced performance.

About The Authors

Kang Qi - Lead Author

Email: kangqi@qyresearch.com

Kang Qi is a technology & market senior analyst specializing in industrial equipment. He is engaged in the development of technology and market reports and is also involved in custom projects.

About QYResearch

QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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