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Industrial Control & Factory Automation Global Market Report 2022: Increasing Integration of Machine Vision Systems with Deep Learning Drives SectorDUBLIN, Nov. 17, 2022 /PRNewswire/ -- The "Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Industrial sensors held the largest share and industrial robots held the second largest share in 2021 Sensor technology has developed tremendously over the past decade. The increasing requirement for connectivity in manufacturing plants has encouraged manufacturers to adopt advanced sensors to capture data at various data points. Sensor manufacturers are continuously focusing on developing advanced solutions to help end users improve production efficiency. Industrial robots are reshaping the manufacturing industry by decreasing the need for physical work. They are used in industrial plants to increase productivity and eliminate errors. These robots are suitable for use in remote locations. Using automated robots in the industrial production line reduces time, cost, and wastage and leads to the development of high-quality and precise products. DCS accounted for the dominating share and PLC accounted for the second largest share of the industrial control & factory automation market in 2021 DCS enables process automation and control in industrial manufacturing plants. it facilitates decision integrity, simplified operations, and increased productivity. The major application areas of DCS are in the oil & gas, automotive, chemical, food & beverage, and pharmaceutical ndustries. Among process industries, the food & beverage industry is projected to account for the largest size of the industrial control & factory automation market for PLC during the forecast period. The growth of this segment can be attributed to the implementation and adherence to strict standards to respond to changing market requirements. Metals & mining industry is expected to register the highest growth rate in the process industry segment of the industrial control & factory automation market during forecast period The metal industry includes various metalworking processes, such as grinding, milling, spinning, and forging. The machinery used in metal processing requires quick, accurate, and efficient movement of metals, which is carried out by drives and PLCs. The adoption of automation in the mining & metals industry has improved productivity, increased safety, minimized wear, and enhanced reliability and quality of products. The safety of the workforce is always the top priority in mining operations. Hence, regulatory authorities across the world have set stringent rules and regulations for mine owners to ensure the safety of mines. These strict regulations force mining companies to adopt industrial control & factory automation technologies, which can help them predict and try to prevent a mishap in advance. Market Dynamics
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Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industrial Control & Factory Automation Market, by Component 7 Industrial Control & Factory Automation Market, by Solution 8 Industrial Control & Factory Automation Market, by Industry 9 Industrial Control and Factory Automation Market, by Region 10 Competitive Landscape 11 Company Profiles 12 Adjacent & Related Markets 13 Appendix Companies Mentioned
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