The market for industrial automation—including hardware, software and integration services—is projected to reach $115 billion by 2025, reflecting a compound annual growth rate of 3.5% since 2019. In contrast, the traditional automation sector (which excludes cloud services and the Industrial Internet of Things, or “IIoT”) is expected to reach $108 billion by 2025, according to McKinsey.
This Prairie Industry Perspective explores the key factors driving companies across various industries to adopt industrial automation applications. It also examines the enabling technologies that help these companies realize significant benefits, such as alleviating labor shortages, increasing product throughput, enhancing worker safety and ergonomics, improving product quality, achieving mass customization capabilities and reducing product costs.
We identify leading companies that produce and implement these enabling technologies, mid-sized equipment and integration firms, and smaller, niche companies that play vital roles in the industry. For publicly traded companies, we provide historical financial data and an overview of various industrial automation trading indices categorized by market capitalization. Additionally, we highlight specific transactions that have shaped the industry in recent years.
Furthermore, we present examples of industrial automation applications across multiple industries, including the companies that provide these services.
Download the newsletter to read more.
Industrial Automation PIP April 2025 by Prairie Capital Advisors Inc.
