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Industrial Controls and Robotics Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

Industrial controls and robotics are systems that consist of several automation and instrumentation equipment, which are very useful in monitoring, maintaining, and controlling various industrial production activities. Industrial controls and robotics systems are classified according to equipment type, for instance, industrial control systems, field systems, and execution systems. Manufacturers around the globe offer customized industrial controls and robotics systems. Industrialization coupled with urbanization is expected to drive the market of end-use sectors, such as power, oil & gas, food processing, and others, in turn driving the market of industrial control and robotics notably over the forecast period. This rising demand is mainly attributed to the inclination of consumers toward quality products coupled with the focus of manufacturers toward high-volume production without defects. Global industrial control and robotics represent a dynamic and rapidly evolving field in the realm of automation and technology. It encompasses the design, development, and implementation of systems and technologies that control and optimize industrial processes across various sectors, such as manufacturing, logistics, and energy. These systems often incorporate a blend of hardware, software, sensors, and artificial intelligence to enhance efficiency, safety, and productivity in industrial settings.

Global industrial control and robotics is characterized by continuous innovation, as companies and researchers strive to create smarter and more autonomous machines that can perform complex task. This domain holds significant promise for transforming industries, enabling cost savings, reducing human labor in hazardous environments, and opening new possibilities for unprecedented levels of precision and quality in manufacturing and beyond.

Global Industrial Controls and Robotics Market – Competitive Landscape

In August 2023, robotics funding equaled USD 851 million, the result of 48 investments. Total 2023 funding for January through August comes to approximately USD 8.85 billion. On September 29, 2023, ABB plans a stunning new robotics hub in Sweden as part of a USD 280 million investment in Europe. On September 5, 2023, Mujin, which develops AI-based software for industrial automation, believes that robots can improve productivity and safety. Announced a USD 85 million series c bringing its total funding up to USD 150 million.

Some of the Key Players in the Global Industrial Controls and Robotics Market Include –

  • Siemens
  • ABB
  • Emerson
  • Rockwell Automation
  • Schneider Electric
  • Honeywell Process Solution
  • Mitsubishi Electric
  • Omron
  • Yokogawa Electric

Global Industrial Controls and Robotics Market – Growth Drivers

Increasing demand for automation and enhanced operational efficiency in industries, including manufacturing, logistics, and healthcare, is a significant growth factor of the global industrial control and robotics market.  This demand stems from the need to reduce labor costs, improve product quality, and ensure consistent production processes. Advancements in technology, particularly in the fields of artificial intelligence, machine learning, and sensor technology, have enabled the development of more sophisticated and capable robotic systems. These technological innovations contribute to the expansion of the market as industries seek to harness these capabilities for improved performance. The growing emphasis on safety in industrial settings is boosting the adoption of robotics. Robots can perform tasks in hazardous or challenging environments, reducing the risk to human workers and enhancing workplace safety. The trend towards customization and flexible manufacturing is the growth factor. Robots and control systems can be adapted for a wide range of applications and can quickly switch between tasks, making them highly attractive for industries with diverse product lines.

Global Industrial Controls and Robotics Market – Restraints

High initial investment is required for the implementation of robotics and automation systems. The cost of acquiring this technology can be a barrier, especially for smaller enterprises with limited financial resources. According to the National Center for Biotechnology Information (NCBI), the purchase price varies between USD 40,000 and USD 60,000 depending on the robotics type. The complexity of transitioning to automation. Integrating robotics into existing industrial processes often requires significant changes, including retraining the workforce and adapting infrastructure, this transition can be time-consuming and disruptive, causing resistance within organizations. Safety concerns and regulatory compliance pose additional weaknesses. Ensuring that robots operate safely alongside human workers is crucial, and meeting stringent safety standards can be a daunting task. Regulatory compliance issues can vary by region and industry, adding to the complexity of implementation. There are concerns related to job displacement and the impact of automation on the labor market. While automation can enhance productivity, it may lead to job losses in certain industries, raising social and economic challenges.

Global Industrial Controls and Robotics Market – Opportunities

The increasing demand for automation across industries and the opportunities for industrial controls and the robotics market. Areas like artificial intelligence, machine learning, and sensor technology, offer the potential for more sophisticated and capable robotics systems. These innovations create opportunities for companies to develop cutting-edge solutions that can cater to a diverse range of industrial applications. The global emphasis on sustainability and environmental concerns presents opportunities for robotics in eco-friendly and energy-efficient manufacturing processes.

Global Industrial Controls and Robotics Market – Geographical Landscape

The market for global industrial controls and robotics is segmented into regions such as North America, Latin America, Asia-Pacific, Europe, the Middle East & Africa. Asia-Pacific is the largest region for the global industrial controls and robotics market. Countries from the Asia-Pacific like China, Japan, and South Korea are prominent. China has a massive manufacturing industry and is a significant consumer of industrial automation solutions. Japan is known for its research and development. North America has a strong presence of technology companies, manufacturing industries, and research institutions that drive innovation and adoption of automation solutions. The European Union’s focus on Industry 4.0 and smart manufacturing contributes to the growth of this market.

Global Industrial Controls and Robotics Market – Key Development

  • On October 13, 2023, NTT DATA collaborated with NVIDIA and FANUC Germany to create a digital twin of a robotic arm for industrial digitalization use cases.
  • On October 10, 2023, Schmalz and CoreTigo enhanced industrial vacuum automation with innovative wireless solutions.
  • On August 14, 2023, Cloud Ground Control, a world-leading innovator in AI and Cloud robotics, announced a new strategic partnership with Australia’s peak body for the robotics sector, Robotics Australia Group.
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Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.



Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.


Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.
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