The US factory automation market is projected to grow at a significant CAGR during the forecast period (2020-2026). The market growth is backed by the growing industrial robotics in various industries in the country. Furthermore, the US is projected to showcase considerable growth in the number of domestic robotic solutions, owing to the country’s government policies that aim at increasing domestic production rather than importing finished goods.
Browse the full report description US Factory Automation Market Size, Share & Trends Analysis Report by Component (Industrial Robots, Machine Vision, Human Machine Interface (HMI), Sensors, Control Valves, and Others), By Control Systems(PLC, DCS, SCADA, MES, and Others), By Industry (Automotive, Aerospace & Defense, Oil & Gas, Chemical, Food & Beverages, Healthcare, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/us-factory-automation-market
Therefore, the considerable increase in the adoption of material handling solutions including DCS, PLC, MES, and others for increasing efficiency of the manufacturing sector is anticipated to propel the growth of the market in the country.
Automated technologies such as machine learning, industrial robotics have been adopted in various industries such as pharmaceutical manufacturing, heavy metal industry, food manufacturing industry, and automotive manufacturing. The automotive industry in the US is also inclined towards innovation.
New R&D initiatives are transforming the industry and creating significant opportunities for market players. According to the Auto Alliance, of the $105 billion spent on R&D, globally, almost $18 billion was spent in the US in 2018. With the growing automotive manufacturing industry in the US, the need for reducing manufacturing cost increases, that creates the demand for automation in the industry.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Component, by Control Systems, and by Industry |
|
Key Companies Profiled |
ABB Ltd., Honeywell International, Inc., Emerson Electric Co., General Electric Co., Rockwell
Automation, Inc., Schneider
Electric SE, Siemens AG, and
others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
US Factory Automation Market – Segmentation
By Component
By Control Systems
By Industry
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