Factory Automation Market to Hit $340.78 Bn by 2031

United States of America – September 2, 2025 – The Insight Partners is proud to announce its newest market report, “Factory Automation Market: An In-depth Analysis of the Global Factory Automation Industry.” The report provides a holistic view of the Factory Automation Market and describes the current scenario as well as growth estimates during the forecast period.

Overview of the Factory Automation Market

The factory automation market is projected to grow from US$ 181.45 billion in 2023 to US$ 340.78 billion by 2031, expanding at a CAGR of 8.2% (2023–2031). Factory automation integrates automation into all stages of the manufacturing process, leveraging technologies such as robotic arms, hydraulic and pneumatic systems, and advanced IT frameworks. In today’s competitive environment, automation drives higher efficiency, quality, sustainability, and safety while significantly reducing costs.

Key Findings and Insights

Market Size and Growth

• Historical/Forecast: Estimated to reach US$ 340.78 billion by 2031.
• Key Factors Affecting the Market:
  • Growing adoption of Industry 4.0 principles (AI, big data, smart systems).
  • Technological advancements such as machine vision with deep learning.
  • Strategic initiatives by players (M&A, collaborations, global expansions).
  • Rising demand for high-quality, high-throughput, low-cost production.

Market Segmentation

• By Component: Hardware, Software
• By Type: Programmable Automation, Fixed Automation, Flexible Automation
• By Technology: PLC, DCS, SCADA, HMI, Others
• By Industry Vertical: Automotive, Food & Beverages, Oil & Gas, Manufacturing, Mining, Others
• By Geography:
  • North America (US, Canada, Mexico)
  • Europe (UK, Germany, France, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Rest of APAC)
  • South & Central America (Brazil, Argentina, Rest of SCA)
  • Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Spotting Emerging Trends

• Technological Advancements: Deep learning-powered machine vision, smart robotics, AI-enabled predictive maintenance.
• Changing Consumer Preferences: Growing demand for sustainability, flexible manufacturing, and product traceability.
• Regulatory Changes: Government incentives for digital transformation, evolving compliance frameworks for smart factories.

Growth Opportunities

• Expansion of collaborative robotics and AI-integrated systems.
• Rising investments in cloud-based supply chain traceability.
• Growth of digital transformation initiatives across industries.
• Increasing demand for automation in emerging economies like India and Brazil.

Recent Developments

• Mitsubishi Electric Corporation invested INR 2.2 billion in a new factory in India (operational by December 2023) to manufacture inverters and FA control system products, strengthening its regional presence.
• Rockwell Automation, Inc. acquired Plex Systems, a leading smart manufacturing platform, and partnered with Kezzler to enhance product digitization and traceability solutions.

Conclusion

The Factory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023–2031 report provides invaluable insights for businesses planning to enter or expand in the factory automation market. It covers competitive dynamics, market drivers, and key opportunities, making it an essential resource for technology providers, manufacturers, investors, and policymakers.

About The Insight Partners

The Insight Partners provides comprehensive syndicated and tailored market research services in the healthcare, technology, and industrial domains. Renowned for delivering strategic intelligence and practical insights, the firm empowers businesses to remain competitive in ever-evolving global markets.

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