Industrial automation is a large and growing market, driven by the convergence of AI, Industry 4.0, smart manufacturing, and clean energy investment. While hardware still dominates current revenues, software and data-centric solutions are capturing a growing share of spend and are expected to drive a disproportionate share of value creation through the decade. Long-term infrastructure and industrial capex plans, particularly in transport, energy, and digital networks, provide additional demand tailwinds.
Within this, process, factory, and warehouse automation sub‑segments show strong growth potential, expected to expand at healthy rates through 2030. However, this market growth has not been evenly reflected in company performance. Many European and U.S. players combine strong margin profiles with modest recent growth, while several Asian competitors are growing faster from a lower-margin base. Benchmarking reveals that, for some established players, automation revenues have lagged
