Market Overview:
The global automation control components and devices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation in various industries such as automotive, manufacturing, energy and power, electronics and semiconductor, aerospace and aviation, among others. Additionally, the growing trend of Industry 4.0 is also contributing significantly to the growth of this market. The global automation control components and devices market can be segmented on the basis of type into relays or couplers, connectors, switches, and others. The relays or couplers segment is expected to hold a major share in this market owing to their wide usage across various applications such as automotive, manufacturing,, energy and power,, electronics and semiconductor,, aerospace an aviation,.and others segments .On th other hand ,the connectors segm ent i s expec ted t o gr ow at a high CAGR duri ng th e for ecas t per iod du e t o its wide applicability across various end-use industries . Geographically ,th e globa l automat ion contr ol component s an d devic es mark et ca n b e segmen ted int o North America ,Latin America Europe Asia Pacific an d Middle East & Africa (MEA) .
Product Definition:
The term "automation control components and devices" refers to the various machines and tools used to control the automation process. These components include sensors, actuators, controllers, and communication devices. The importance of these components is that they allow for the reliable and efficient operation of an automated system.
Relays or Couplers:
Couplers or relays are electronic components used to establish a connection between two electrical circuits. They can be used for switching, amplification, and control functions in various devices and systems. The growth factor of the market is that they are being increasingly adopted in automation control components & devices as their usage increases with growing industrialization across the world.
Connectors:
The global connectors and it's usage in automation control components and devices market size was valued at USD 3.5 billion in 2016. The increasing demand for automated systems across various industrial verticals is expected to propel the growth of the market over the forecast period. Connectors are an integral part of any automation system as they help transfer data, power, signals, voice & video communication from one point to another with utmost efficiency & effectiveness.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. Automation control components and devices are used in various applications, such as engine, transmission, body electronics, infotainment systems, safety systems among others. The increasing need for enhanced vehicle safety features is expected to drive demand over the forecast period.
Automated guided vehicles (AGVs) are using automation control components and devices for navigation along a predefined path within a warehouse or storage facility by identifying objects or people along the path and moving towards them without human intervention. The AGV market is anticipated to witness significant growth on account of rising adoption of AGVs in warehouses & storage facilities among other applications such as packaging & palletizing where precision movement across wide areas with high traffic density is required.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments in industrial automation, increasing labor costs, and growing demand for energy-efficient systems. Rising disposable income coupled with an increase in consumerism has led to a rise in residential & commercial construction activities across Asia Pacific which is further expected to drive product demand from 2018 to 2030.
The European market was valued at USD X million in 2017 and is anticipated expand at a CAGR of XX% over the forecast period owing to strict regulations pertaining safety standards coupled with compliance issues associated with legacy systems that need replacement or upgrading.
Growth Factors:
- Increasing demand for automation in various industries to improve the efficiency and productivity of operations.
- Rising adoption of industrial robots for automating tasks in manufacturing plants.
- Growing demand for smart factories that use advanced control systems and devices for efficient production processes.
- Proliferation of Internet of Things (IoT) and big data analytics across industries, which is aiding the growth of automation control components and devices market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automation Control Components and Devices Market Research Report
By Type
Relays or Couplers, Connectors, Switches, Others
By Application
Automotive, Manufacturing, Energy and Power, Electronics and Semiconductor, Aerospace and Aviation, Others
By Companies
Panasonic Corporation, Omron Corporation, Control Components, Schneider Electric, ABB, Phoenix Contact, Delta Electronics, Lutze Group, Encoder Products Company, Baumer, Rockwell Automation, Honeywell International, Siemens AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Automation Control Components and Devices Market Report Segments:
The global Automation Control Components and Devices market is segmented on the basis of:
Types
Relays or Couplers, Connectors, Switches, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Manufacturing, Energy and Power, Electronics and Semiconductor, Aerospace and Aviation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic Corporation
- Omron Corporation
- Control Components
- Schneider Electric
- ABB
- Phoenix Contact
- Delta Electronics
- Lutze Group
- Encoder Products Company
- Baumer
- Rockwell Automation
- Honeywell International
- Siemens AG
Highlights of The Automation Control Components and Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Relays or Couplers
- Connectors
- Switches
- Others
- By Application:
- Automotive
- Manufacturing
- Energy and Power
- Electronics and Semiconductor
- Aerospace and Aviation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automation Control Components and Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automation control components and devices are used in factories to automate processes.
Some of the key players operating in the automation control components and devices market are Panasonic Corporation, Omron Corporation, Control Components, Schneider Electric, ABB, Phoenix Contact, Delta Electronics, Lutze Group, Encoder Products Company, Baumer, Rockwell Automation, Honeywell International, Siemens AG.
The automation control components and devices market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automation Control Components and Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automation Control Components and Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automation Control Components and Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automation Control Components and Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automation Control Components and Devices Market Size & Forecast, 2018-2028 4.5.1 Automation Control Components and Devices Market Size and Y-o-Y Growth 4.5.2 Automation Control Components and Devices Market Absolute $ Opportunity
Chapter 5 Global Automation Control Components and Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automation Control Components and Devices Market Size Forecast by Type
5.2.1 Relays or Couplers
5.2.2 Connectors
5.2.3 Switches
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automation Control Components and Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automation Control Components and Devices Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Manufacturing
6.2.3 Energy and Power
6.2.4 Electronics and Semiconductor
6.2.5 Aerospace and Aviation
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automation Control Components and Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automation Control Components and Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automation Control Components and Devices Analysis and Forecast
9.1 Introduction
9.2 North America Automation Control Components and Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automation Control Components and Devices Market Size Forecast by Type
9.6.1 Relays or Couplers
9.6.2 Connectors
9.6.3 Switches
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automation Control Components and Devices Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Manufacturing
9.10.3 Energy and Power
9.10.4 Electronics and Semiconductor
9.10.5 Aerospace and Aviation
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automation Control Components and Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Automation Control Components and Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automation Control Components and Devices Market Size Forecast by Type
10.6.1 Relays or Couplers
10.6.2 Connectors
10.6.3 Switches
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automation Control Components and Devices Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Manufacturing
10.10.3 Energy and Power
10.10.4 Electronics and Semiconductor
10.10.5 Aerospace and Aviation
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automation Control Components and Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automation Control Components and Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automation Control Components and Devices Market Size Forecast by Type
11.6.1 Relays or Couplers
11.6.2 Connectors
11.6.3 Switches
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automation Control Components and Devices Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Manufacturing
11.10.3 Energy and Power
11.10.4 Electronics and Semiconductor
11.10.5 Aerospace and Aviation
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automation Control Components and Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Automation Control Components and Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automation Control Components and Devices Market Size Forecast by Type
12.6.1 Relays or Couplers
12.6.2 Connectors
12.6.3 Switches
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automation Control Components and Devices Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Manufacturing
12.10.3 Energy and Power
12.10.4 Electronics and Semiconductor
12.10.5 Aerospace and Aviation
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automation Control Components and Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automation Control Components and Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automation Control Components and Devices Market Size Forecast by Type
13.6.1 Relays or Couplers
13.6.2 Connectors
13.6.3 Switches
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automation Control Components and Devices Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Manufacturing
13.10.3 Energy and Power
13.10.4 Electronics and Semiconductor
13.10.5 Aerospace and Aviation
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automation Control Components and Devices Market: Competitive Dashboard
14.2 Global Automation Control Components and Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic Corporation
14.3.2 Omron Corporation
14.3.3 Control Components
14.3.4 Schneider Electric
14.3.5 ABB
14.3.6 Phoenix Contact
14.3.7 Delta Electronics
14.3.8 Lutze Group
14.3.9 Encoder Products Company
14.3.10 Baumer
14.3.11 Rockwell Automation
14.3.12 Honeywell International
14.3.13 Siemens AG