DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Factory Automation & Industrial Controls Market - Segmented by Product, Industrial Control Systems, End-user, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global factory automation & industrial controls market was valued at USD 216.9 billion in 2017, and is expected to reach a value of USD 381.7 billion by 2023, at a CAGR of 9.81%, during the forecast period 2018-2023.

The developments in wireless technology have opened-up new avenues for the market, with improved quality, increase in production and savings on labor cost. With technologies, like DCS, PLC, SCADA, and MES, automation equipment has become more sophisticated, performing more complex actions at less operating cost. In addition, coupled with the advances in sensor technology, the technologies have started the era for smart manufacturing, resulting in business process improvement.

Industrial robots provide a wide range of benefits, such as enhancing efficiency, improving safety and ergonomics, optimize cost, speed-up the processes, and increase reliability. Increased need for automation and aging population has spurred a demand in the industrial robotics. China has shown a rapid investment in the industrial automation, which is observed by the increased need in the industrial robotics and machine tools. The largest scope for the robotics investment in the future is observed in Asia-Pacific region except Japan, which is the fastest growing market for manufacturing output.

Companies Mentioned

Rockwell Automation Inc. Honeywell International Inc. General Electric Company ABB Ltd. Emerson Electric Company Dassault Systems SE Autodesk Inc. Mitsubishi Electric Corporation Siemens AG Aspen Technology Inc. Robert Bos

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Technology Snapshot

6. Global Factory Automation & Industrial Controls Segmentation

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Future Outlook of Factory Automation & Industria Controls Market

For more information about this report visit https://www.researchandmarkets.com/research/42tqqp/global_factory?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005673/en/

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Related Topics:Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/17/2018 08:04 AM/DISC: 05/17/2018 08:04 AM

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