Manufacturing Automation Market Size and Key Players and Analysis
The global manufacturing automation market size is projected to hit around USD 31.23 billion by 2033 from USD 12.33 billion in 2023, expanding at a solid CAGR of 9.74% between 2023 and 2033. The key players operating in the manufacturing market are ABB Ltd., FANUC CORPORATION, Honeywell International, Inc., Reko Automation Inc., Rockwell Automation Inc., Schneider Electric, Mitsubishi Electric Corporation, Motoman (Yaskawa America, Inc.), Omron Corporation, Teradyne, Inc., and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 31.23 Billion |
| Market Size in 2023 |
USD 12.33 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 9.74% |
| Largest Market |
Europe |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Component, Technology, Deployment, Industry Vertical, Solution, Enterprise Size, Application, End-Use, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Manufacturing Automation Market Key Players
- ABB Ltd.
- FANUC CORPORATION
- Honeywell International, Inc.
- Reko Automation Inc.
- Rockwell Automation Inc.
- Schneider Electric
- Mitsubishi Electric Corporation
- Motoman (Yaskawa America, Inc.)
- Omron Corporation
- Teradyne, Inc.
Recent Developments
- In November 2024, CynLr, a Bengaluru-based robotics startup, raised USD 10 million in a Series A funding round to enhance its CyRo robotics platform, expand its workforce from 60 to 120 employees, and reach a USD 22 million revenue milestone by 2027.
- In November 2024, Catalyx, a global leader in machine vision and automation, and INEL, an advanced machine builder for the pharmaceutical and medical device sectors, formed a strategic partnership to enhance packaging automation, improving inspection, verification, serialization, and labelling processes in pharmaceutical manufacturing.
Latest Announcement by Company Leaders
- In September 2024, Rockwell Automation announced plans to open a 98,000-square-foot manufacturing facility in Chennai, India, by mid-2025 to enhance supply chain resilience and create 230 new jobs.
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