Market Size of France Factory Automation and Industrial Controls Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.47 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
France Factory Automation & Industrial Controls Market Analysis
The France Factory Automation and Industrial Controls Market is expected to register a CAGR of over 8.47% during the forecast period (2021 - 2026). The recent novel coronavirus outbreak has been causing significant disruption to the global economy and has drastically changed how many industries operate day-to-day. With work-from-home protocols implemented and shelter-in-place orders continue to propagate, allied market players evaluated and revised their preparedness and response strategies for cyber-incidents. This is particularly evident for players that have implemented industrial control systems (ICS) (DCS, SCADA, or PLS) to monitor and control critical equipment and processes.
- The country's industrial sector contributes nearly 17% to the GDP, in which manufacturing is one of the most important parts. France is adapting to industry 4.0 by moving a highly industrialized economy through IoT and M2M. This is helping the manufacturing sector to increase its efficiency, reduce system failures and optimize the cost through analytical insight and cutting down on wastage.
- France is currently ranked eighth in the world for manufacturing output, the biggest segments in manufacturing sector includes food products and beverages, machinery and equipment goods, aircrafts, automobiles, metals and fabricated metal products, ships and trains.
- The market share of these manufacturing industries is expected to grow to a significant extent due to increase in use of software applications that are used to control industrial devices.
- Alslo, there has been increase in industrial robot investment at steady rate in chemical, cosmetic, pharmaceutical industries and in the infrastructure of automotive industry. Material handling has played the important role to increase pick and place robots.
- However, there is always a high initial investment requirement for automated production line which hinders the automation adoption in France due to the stagnated growth in the economy of the country.
