Industrial automation market in the life sciences industry: Growth opportunities led by ABB Ltd. and Applied Materials Inc. - Technavio

NEW YORK, Dec. 12, 2022 /PRNewswire/ -- The size of the industrial automation market in the life sciences industry is forecasted to increase by USD 4,127.65 million from 2022 to 2027, at a CAGR of 10.31%, according to a recent market study by Technavio. The growth of the market will be driven by the growing demand for healthcare services globally, improved data security, and the high quality of products and services in life sciences.

The market is segmented by product (DCSA, SCADAA, PLCA, and MES) and deployment (onsite and decentralized).

Segmentation by product (inclusion/exclusion)

• Inclusion: 
• DCSA:

The DCSA segment grew gradually from USD 1,783.18 million between 2017 and 2021. During the forecast period, the growth of this segment will be driven by factors such as the increasing use of distributed control systems (DCS) for effective process control due to stringent regulations governing the life sciences industry. Extensive product development will also drive the growth of this segment. In addition, the advent of open-source DCS software is expected to increase the demand for DCS in small- and medium-sized enterprises.

     To get detailed insights about inclusions and exclusions, buy report.

Technavio categorizes the industrial automation market in the life sciences industry as a part of the electrical components and equipment market, which covers companies engaged in manufacturing industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.

Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report

Technavio has extensively analyzed 15 major vendors, including ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH, Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, Festo SE and Co. KG, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., OMRON Corp., and Parker Hannifin Corp.

Key benefits for industry players and stakeholders –

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in future - To get requisite details, ask for a custom report.

Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the industrial automation market in the life sciences industry by industry experts to evaluate and develop growth strategies.

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What are the key data covered in the industrial automation market in the life sciences industry?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the industrial automation market in the life sciences industry between 2023 and 2027
• Precise estimation of the size of the industrial automation market in the life sciences industry and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industrial automation market in the life sciences industry across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of vendors in the industrial automation market in the life sciences industry

Browse for Technavio's industrials market reports

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global Industrial Automation Market in Life Sciences Industry 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global Industrial Automation Market in Life Sciences Industry 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Deployment Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 DCSA - Market size and forecast 2022-2027 
• Exhibit 34: Chart on DCSA - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on DCSA - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on DCSA - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on DCSA - Year-over-year growth 2022-2027 (%)

• 6.4 SCADAA - Market size and forecast 2022-2027 
• Exhibit 38: Chart on SCADAA - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on SCADAA - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on SCADAA - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on SCADAA - Year-over-year growth 2022-2027 (%)

• 6.5 PLCA - Market size and forecast 2022-2027 
• Exhibit 42: Chart on PLCA - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on PLCA - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on PLCA - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on PLCA - Year-over-year growth 2022-2027 (%)

• 6.6 MES - Market size and forecast 2022-2027 
• Exhibit 46: Chart on MES - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on MES - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on MES - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on MES - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments 
• Exhibit 51: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 53: Chart on Comparison by Deployment
• Exhibit 54: Data Table on Comparison by Deployment

• 7.3 Onsite - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Onsite - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Onsite - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Onsite - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Onsite - Year-over-year growth 2022-2027 (%)

• 7.4 Decentralized - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Decentralized - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Decentralized - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Decentralized - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Decentralized - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 63: Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Italy - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 116: ABB Ltd. - Overview
• Exhibit 117: ABB Ltd. - Business segments
• Exhibit 118: ABB Ltd. - Key offerings
• Exhibit 119: ABB Ltd. - Segment focus

• 12.4 Applied Materials Inc. 
• Exhibit 120: Applied Materials Inc. - Overview
• Exhibit 121: Applied Materials Inc. - Business segments
• Exhibit 122: Applied Materials Inc. - Key news
• Exhibit 123: Applied Materials Inc. - Key offerings
• Exhibit 124: Applied Materials Inc. - Segment focus

• 12.5 Aspen Technology Inc. 
• Exhibit 125: Aspen Technology Inc. - Overview
• Exhibit 126: Aspen Technology Inc. - Business segments
• Exhibit 127: Aspen Technology Inc. - Key offerings
• Exhibit 128: Aspen Technology Inc. - Segment focus

• 12.6 Azbil Corp. 
• Exhibit 129: Azbil Corp. - Overview
• Exhibit 130: Azbil Corp. - Business segments
• Exhibit 131: Azbil Corp. - Key news
• Exhibit 132: Azbil Corp. - Key offerings
• Exhibit 133: Azbil Corp. - Segment focus

• 12.7 Balluff GmbH 
• Exhibit 134: Balluff GmbH - Overview
• Exhibit 135: Balluff GmbH - Product / Service
• Exhibit 136: Balluff GmbH - Key offerings

• 12.8 Danaher Corp. 
• Exhibit 137: Danaher Corp. - Overview
• Exhibit 138: Danaher Corp. - Business segments
• Exhibit 139: Danaher Corp. - Key news
• Exhibit 140: Danaher Corp. - Key offerings
• Exhibit 141: Danaher Corp. - Segment focus

• 12.9 Emerson Electric Co. 
• Exhibit 142: Emerson Electric Co. - Overview
• Exhibit 143: Emerson Electric Co. - Business segments
• Exhibit 144: Emerson Electric Co. - Key news
• Exhibit 145: Emerson Electric Co. - Key offerings
• Exhibit 146: Emerson Electric Co. - Segment focus

• 12.10 Honeywell International Inc. 
• Exhibit 147: Honeywell International Inc. - Overview
• Exhibit 148: Honeywell International Inc. - Business segments
• Exhibit 149: Honeywell International Inc. - Key news
• Exhibit 150: Honeywell International Inc. - Key offerings
• Exhibit 151: Honeywell International Inc. - Segment focus

• 12.11 Mitsubishi Electric Corp. 
• Exhibit 152: Mitsubishi Electric Corp. - Overview
• Exhibit 153: Mitsubishi Electric Corp. - Business segments
• Exhibit 154: Mitsubishi Electric Corp. - Key news
• Exhibit 155: Mitsubishi Electric Corp. - Key offerings
• Exhibit 156: Mitsubishi Electric Corp. - Segment focus

• 12.12 OMRON Corp. 
• Exhibit 157: OMRON Corp. - Overview
• Exhibit 158: OMRON Corp. - Business segments
• Exhibit 159: OMRON Corp. - Key news
• Exhibit 160: OMRON Corp. - Key offerings
• Exhibit 161: OMRON Corp. - Segment focus

• 12.13 Parker Hannifin Corp. 
• Exhibit 162: Parker Hannifin Corp. - Overview
• Exhibit 163: Parker Hannifin Corp. - Business segments
• Exhibit 164: Parker Hannifin Corp. - Key news
• Exhibit 165: Parker Hannifin Corp. - Key offerings
• Exhibit 166: Parker Hannifin Corp. - Segment focus

• 12.14 Rockwell Automation Inc. 
• Exhibit 167: Rockwell Automation Inc. - Overview
• Exhibit 168: Rockwell Automation Inc. - Business segments
• Exhibit 169: Rockwell Automation Inc. - Key news
• Exhibit 170: Rockwell Automation Inc. - Key offerings
• Exhibit 171: Rockwell Automation Inc. - Segment focus

• 12.15 Schneider Electric SE 
• Exhibit 172: Schneider Electric SE - Overview
• Exhibit 173: Schneider Electric SE - Business segments
• Exhibit 174: Schneider Electric SE - Key news
• Exhibit 175: Schneider Electric SE - Key offerings
• Exhibit 176: Schneider Electric SE - Segment focus

• 12.16 Siemens AG 
• Exhibit 177: Siemens AG - Overview
• Exhibit 178: Siemens AG - Business segments
• Exhibit 179: Siemens AG - Key news
• Exhibit 180: Siemens AG - Key offerings
• Exhibit 181: Siemens AG - Segment focus

• 12.17 Yokogawa Electric Corp. 
• Exhibit 182: Yokogawa Electric Corp. - Overview
• Exhibit 183: Yokogawa Electric Corp. - Business segments
• Exhibit 184: Yokogawa Electric Corp. - Key offerings
• Exhibit 185: Yokogawa Electric Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 186: Inclusions checklist
• Exhibit 187: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 188: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 189: Research methodology
• Exhibit 190: Validation techniques employed for market sizing
• Exhibit 191: Information sources

• 13.5 List of abbreviations 
• Exhibit 192: List of abbreviations

About us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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