RoboInd market brief: Manufacturing Automation Market is entering a new expansion phase, with public market data placing the opportunity at USD 12.3 billion in 2023 with a stated CAGR of 9.7%. Manufacturing automation market size was valued at $12.3B in 2023 and is projected.
Market snapshot
- USD 12.3 billion in 2023
- USD 17 billion in 2026
- USD 24 billion in 2030
The stated growth rate is 9.7% CAGR for the published forecast window (2024–2030).
What is changing
Manufacturing automation market size was valued at $12.3B in 2023 and is projected to grow from $17.0B in 2026 to $24.0B by 2030, at a CAGR of 9.7%
Key market signals include Publicly stated market growth drivers.
Applications and segments
dimension_en: Technology Insights; definition_en: The PLC segment accounted for the largest market share in 2023, owing toits widespread adoption across various sectors, including automotive, food processing, and pharmaceuticals. Their ability to withstand harsh industrial environments while offering flexibility in programming makes them an essential component of modern manufacturing systems. As manufacturers upgrade their facilities with advanced automation technologies, the segment is.
Regional direction
title_en: Key Market Trends & Insights; body_en: The manufacturing automation market in the U.S. accounted for a revenue share of over 63% in 2023. By component, Hardware accounted for the largest market share of over 52% in 2023. By End-use, The discrete manufacturing segment accounted for the largest share in 2023. By technology, The PLC segment accounted for the largest market share in 2023; title_en: End-use Insights; body_en: The discrete manufacturing segment accounted for the largest share in 2023. This growth can be attributed to its reliance on advanced technologies that enhance efficiency and productivity. Integrating automation.
Competitive landscape
Public market coverage identifies participants including FANUC CORPORATION, Honeywell International, Inc, Mitsubishi Electric Corporation, Motoman (Yaskawa America, Inc.), Omron Corporation, Reko Automation Inc, Rockwell Automation Inc, Schneider Electric. These names indicate activity across the value chain and should not be read as a uniform ranking.
Market outlook
Growth will depend on the conversion of technical capability into repeatable deployments, measurable productivity gains and maintainable operating economics. Buyers are likely to weigh integration, workforce readiness, interoperability and lifecycle support alongside equipment performance.
Market reading: Figures are presented within their stated market definition and forecast window. They should not be combined with figures from other definitions without normalization.