The US factory automation market is estimated to grow significantly during the forecast period. The market is driven due to growing automation in various industries for manufacturing and material handlings such as automotive, aerospace & defense, healthcare, and others. Moreover, the growing demand for robotics in the industrial sector further provides a significant opportunity for the market in the country. The trend of automating production in domestic as well as global markets is the major factor driving the installation of robots in the US. Moreover, the proliferation of AI and IoT in the manufacturing sector further propels the market in the country.
The US market for factory automation is classified on the basis of components, control systems, and Industry. Based on the component, the market is further classified into industrial robots, machine vision, human-machine interface (HMI), sensors, control valves, and others. The industrial robots segment is projected to have considerable growth in the US market. Based on the control systems, the US factory automation market is further segmented into programmable logic controllers (PLC), distributed control systems (DCS), supervisory control and data acquisition system (SCADA), manufacturing execution system (MES), and others. The DCS segment held a significant share in the US factory automation market. On the basis of industry, the market is further segregated into automotive, aerospace & defense, oil & gas, chemical, food & beverages, healthcare, and others.
The companies which are contributing to the growth of the US factory automation market include ABB Ltd., Honeywell International, Inc., Emerson Electric Co., General Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the US factory automation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for factory automation solutions providers, software vendors, AI solution providers, robotic solution providers, hardware manufacturers, and other market participants for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. US Factory Automation Market by Component
4.1.1. Industrial Robots
4.1.2. Machine Vision
4.1.3. Human Machine Interface(HMI)
4.1.4. Sensors
4.1.5. Control Valves
4.1.6. Others ( Field Instruments)
4.2. US Factory Automation Market by Control Systems
4.2.1. Programmable Logic Controllers(PLC)
4.2.2. Distributed Control Systems (DCS)
4.2.3. Supervisory Control and Data Acquisition System (SCADA)
4.2.4. Manufacturing Execution System (MES)
4.2.5. Others ( Product Lifecycle Management)
4.3. US Factory Automation Market by Industry
4.3.1. Automotive
4.3.2. Aerospace & Defense
4.3.3. Oil & Gas
4.3.4. Chemical
4.3.5. Food & Beverages
4.3.6. Healthcare
4.3.7. Others ( Mining and Electronics)
5. Company Profiles
5.1. ABB Ltd.
5.1.1. Overview
5.1.2. ABB Ltd. in the US Factory Automation Market
5.1.3. Recent Developments
5.2. Dwyer Instruments, Inc.
5.3. Emerson Electric Co.
5.4. General Electric Co.
5.5. Honeywell International Inc.
5.6. Mitsubishi Electric Corp.
5.7. NovaTech, LLC
5.8. Rockwell Automation, Inc.
5.9. Siemens AG
5.10. Schneider Electric SE
1. US FACTORY AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2019-2026 ($ MILLION)
2. US FACTORY AUTOMATION MARKET RESEARCH AND ANALYSIS BY CONTROL SYSTEMS, 2019-2026 ($ MILLION)
3. US FACTORY AUTOMATION MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2019-2026 ($ MILLION)
1. US FACTORY AUTOMATION MARKET SHARE BY COMPONENT, 2019 VS 2026 (%)
2. US FACTORY AUTOMATION MARKET SHARE BY CONTROL SYSTEMS, 2019 VS 2026 (%)
3. US FACTORY AUTOMATION IN AUTOMOTIVE MARKET SHARE BY INDUSTRY, 2019 VS 2026 (%)
4. US FACTORY AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)