According to a market research report published by Technavio, global industrial automation services market is predicted to grow at a CAGR of around 11% by 2019. Manufacturers are heading toward the smart factories as increased labor cost is the major factor of product price. On the basis of various automation types, the industrial automation market is segmented into distributed control system (DCS), machine vision system, manufacturing execution system (MES), programmable logic control system (PLC), supervisory control and data acquisition (SCADA), human machine interface (HMI), product lifecycle management (PLM), computer numerical control (CNC) routers, electronic control units (ECU), plant asset management, and other types.
Automation Type:
| Distributed Control System (DCS) |
| Programmable Logic Control System (PLC) |
| Machine Vision System |
| Manufacturing Execution System (MES) |
| Human Machine Interface (HMI) |
| Supervisory Control and Data Acquisition (SCADA) |
| Product Lifecycle Management (PLM) |
| Plant Asset Management |
| Computer Numerical Control (CNC) routers |
| Electronic Control Units (ECU) |
List of Global Industrial Automation Companies
| Companies | Location | Products |
| ABB Ltd | Zürich, Switzerland | Industrial Automation |
| Honeywell International Inc | Morris Plains, USA | Industrial Automation |
| FANUC Corporation | Oshiho, Japan | Industrial Automation |
| Yaskawa Electric Corporation | Fukuoka, Japan | Industrial Automation |
| Toshiba Machine Corporation Ltd | Shizuoka-ken, Japan | Industrial Automation |
| Yokogawa Electric Corporation | Tokyo, Japan | Industrial Automation |
| Emerson Electric Company | St. Louis, USA | Industrial Automation |
| General Electric Company | Boston, USA | Industrial Automation |
| Rockwell Automation Inc | Wisconsin, USA | Industrial Automation |
| Mitsubishi Electric Corporation | Tokyo, Japan | Industrial Automation |
