Automation Industry Statistics
PARA Tech Segments Statistics
- 1. Control Systems and Process Automation
Global market is projected to grow from $205.86 billion in 2022 to $395.09 billion by 2029, at a CAGR of 9.8%.
- 2. Sensors and Instrumentation
Market size was $16.22 billion in 2021 and is expected to reach $31.79 billion by 2029, CAGR of 9.1%.
- 3. IoT and IIoT Solutions
Market size $263.52 billion in 2021, projected to reach $1,110.10 billion by 2028, CAGR of 22.4%.
- 4. Robotics
Market size $43.8 billion in 2021, expected CAGR of 10.5% until 2030.
- 5. Artificial Intelligence (AI)
Market size $136.55 billion in 2022, expected CAGR of 37.3% from 2023-2030.
- 6. Human-Machine Interface (HMI) and SCADA
Market size $4.3 billion in 2021, projected to reach $7.24 billion by 2030, CAGR of 6.2%.
- 7. Electrical and Electronic Components
Market size $382.5 billion in 2021, projected to reach $532.8 billion by 2028, CAGR of 4.9%.
- 8. Motion Control
Market size $15.5 billion in 2021, projected to reach $22.1 billion by 2027, CAGR of 6.1%.
- 9. Safety Systems
Market size $4.3 billion in 2021, projected CAGR of 10% until 2026.
- 10. Power Electronics and Drives
Market size $32.9 billion in 2021, projected to reach $51.9 billion by 2026, CAGR of 9.5%.
- 11. Pneumatics and Hydraulics
Market size $14.5 billion in 2021, projected to reach $19.9 billion by 2026, CAGR of 6.5%.
- 12. Software and IT Solutions
Market size $16.5 billion in 2021, projected to reach $28.4 billion by 2027, CAGR of 9.6%.
- 13. Energy Management and Power Systems
Market size $9.15 billion in 2021, projected to reach $21.6 billion by 2030, CAGR of 10.3%.
- 14. Vision Systems and Imaging
Market size $12.3 billion in 2021, projected CAGR of 7.6% until 2028.
- 15. Manufacturing Execution Systems (MES)
Market size $11.2 billion in 2021, projected CAGR of 12.6% until 2027
- 16. Conveyor Systems and Material Handling
Market size $5.23 billion in 2021, projected to reach $7.76 billion by 2027, CAGR of 6.8%.
- 17. Testing and Measurement
Market size $25.7 billion in 2021, projected CAGR of 5.3% until 2026.
- 18. Mechatronics
Market size $4.0 billion in 2021, projected CAGR of 22.7% until 2027.
- 19. Integrated PLM and Virtual Simulation
Market size $26.9 billion in 2021, projected CAGR of 11.3% until 2027.
- 20. Automation for Packaging and Logistics
Market size $74.5 billion in 2023, projected CAGR of 8.0% until 2033.
- 21. Power Electronics and Drives
Market size $32.9 billion in 2021, projected to reach $51.9 billion by 2026, CAGR of 9.5%.
- 22. Energy Management and Smart Grids
Market size $9.15 billion in 2021, projected to reach $21.6 billion by 2030, CAGR of 10.3%.
- 23. Artificial Intelligence for Automation
AI market size $136.55 billion in 2022, CAGR of 37.3% from 2023-2030.
Current Market Share
Projected Market Share
Segment Market Data
Product Sectors Statistics
- 1. Warehousing
The global warehouse automation market was valued at approximately $15 billion in 2020 and is projected to reach $30 billion by 2026, growing at a CAGR of around 14%.
- 2. Pharma Production
The pharmaceutical manufacturing market size was valued at $405.52 billion in 2020 and is expected to reach $957.59 billion by 2028, exhibiting a CAGR of 11.3%.
- 3. Food and Beverage
The global food automation market size was valued at $9.2 billion in 2020 and is projected to reach $16.3 billion by 2026, growing at a CAGR of 9.5%.
- 4. Packaging
The global packaging automation market size was valued at $74.5 billion in 2023 and is projected to reach $161.66 billion by 2033, growing at a CAGR of 8.0%.
- 5. Material Handling Robotics
The global material handling robotics market size was valued at $6.9 billion in 2020 and is expected to reach $20.3 billion by 2028, growing at a CAGR of 14.5%.
- 6. Automotive Manufacturing
The global automotive manufacturing market was valued at $2.7 trillion in 2020 and is projected to reach $3.8 trillion by 2027, growing at a CAGR of 5.5%.
- 7. Electronics Manufacturing
The global electronics manufacturing services (EMS) market size was valued at $476.5 billion in 2020 and is expected to reach $797.94 billion by 2028, growing at a CAGR of 6.6%.
- 8. Textile and Apparel Manufacturing
The global textile market size was valued at $993.6 billion in 2021 and is expected to grow at a CAGR of 4.0% from 2022 to 2030.
- 9. Engineering Components
The global mechanical components market size was valued at $408.5 billion in 2020 and is projected to reach $650.5 billion by 2028, growing at a CAGR of 5.9%.
- 10. Agriculture and Agritech
The global smart agriculture market size was valued at $13.8 billion in 2020 and is expected to reach $30.9 billion by 2026, growing at a CAGR of 12.4%.
- 11. Petrochemicals and Chemicals Production
The global petrochemicals market size was valued at $539.3 billion in 2020 and is expected to reach $651.1 billion by 2028, growing at a CAGR of 2.7%.
- 12. Oil and Gas Refineries
The global oil refining market size was valued at $1.23 trillion in 2020 and is projected to reach $1.73 trillion by 2027, growing at a CAGR of 5.1%.
- 13. Fertilizer Production
The global fertilizer market size was valued at $155.80 billion in 2020 and is projected to reach $208.29 billion by 2028, growing at a CAGR of 3.7%.
Current Product Market Share
Projected Product Market Share
Product Market Data
