Report Overview:
Factory Automation (FA) equipment comprises industrial machinery and integrated systems designed to automate manufacturing processes. These systems leverage robotics, programmable logic controllers (PLCs), sensors, and machine vision technologies to streamline operations like assembly, packaging, and quality control. The equipment plays a pivotal role in enhancing production efficiency while reducing operational costs across industries.
The market growth is primarily driven by the rapid adoption of Industry 4.0 technologies and increasing demand for smart factories. Key sectors including automotive and electronics account for over 45% of total FA equipment adoption. Recent developments, such as ABB's 2023 launch of its next-generation robotic controllers, demonstrate how technological advancements continue to shape the industry landscape.
Market Value:
Global Factory Automation (FA) Equipment market size was valued at USD 511.71 billion in 2024. The market is projected to grow from USD 540.72 billion in 2025 to USD 784.65 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period.
CAGR of 6.5% (2024 – 2032)
By Applications:
Automotive
Electronics
Food and Beverages
Pharmaceuticals
