The 2024 Industrial Automation Industry Report analyzes the latest trends, technologies, and market dynamics shaping the sector. This report examines key advancements in applications that drive operational efficiency and productivity. It also explores the impact of regulatory changes, global supply chain disruptions, and evolving customer demands on the industry. Moreover, the report offers a detailed overview of how companies leverage automation to enhance competitiveness and sustainability.
This industrial automation report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Industrial Automation Report 2024
- Executive Summary
- Introduction to the Industrial Automation Report 2024
- What data is used in this Industrial Automation Report?
- Snapshot of the Global Industrial Automation Industry
- Funding Landscape in the Industrial Automation Industry
- Who is Investing in Industrial Automation Companies?
- Emerging Trends in the Industrial Automation Industry
- 5 Innovative Industrial Automation Startups
Executive Summary: Industrial Automation Outlook 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 3460+ industrial automation startups developing innovative solutions to present five examples from emerging industrial automation industry trends.
- Industry Growth Overview: The industrial automation sector includes over 16320 companies and 3467 startups. It experienced an annual growth rate of 0.05%.
- Manpower & Employment Growth: The global workforce in the industry stands at 827K+. In the last year, it added over 56K+ new employees.
- Patents & Grants: The industry holds over 14K+ patents filed by more than 6460 applicants and secured over 760 grants.
- Global Footprint: The top five country hubs are the USA, India, Italy, China, and Germany. Leading city hubs include Pune, Bangalore, Chennai, Shenzhen, and Singapore.
- Investment Landscape: The average investment value is USD 14.7 million per round. The industry attracted over 780 investors, closing more than 2190 funding rounds, and supporting over 710 companies within the sector.
- Top Investors: Top investors include Techstars, Y Combinator, and the National Science Foundation. The combined investment from these top investors amounts to more than USD 213 million.
- Startup Ecosystem: The top startups in this segment include Vieaura (Codeless AI SaaS platform), SONOBOTICS (NDT inspection robotics), Tesseract Technologies (FFF 3D printer), FORTAI (mining value chain management), and Capra Robotics (mobile robot).
- Recommendations for Stakeholders: Investments in technologies such as AI, robotics, and IoT to enhance operational efficiency and competitiveness will assist the investors. While companies should leverage advanced automation solutions to streamline processes and reduce operational costs, governments must support regulatory frameworks that foster innovation and protect intellectual property.
Explore the Data-driven Industrial Automation Report for 2024
The Industrial Automation Industry Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The heatmap illustrates key metrics from our extensive database, which encompasses over 16320 companies, including 3467 startups.
The industry experienced an annual growth of 0.05%, supported by over 14K patents and 760+ grants. The global workforce across these companies stands at 827K, with an employee growth of 56K+ in the past year.
What data is used to create this industrial automation report?
Based on the data provided by our Discovery Platform, we observe that the industrial automation industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage & Publications: Over 6K news articles were published about the industrial automation sector in the last year
- Funding Rounds: Our database records the closure of over 2190 funding rounds.
- Manpower: In terms of workforce, the industry employs 827K+ workers, adding over 56600 new employees in the last year alone.
- Patents: The industry holds 14K+ patents.
- Grants: It also secured over 760 grants.
- and more. Get in touch to explore all data points used to create this industrial automation report.
A Snapshot of the Global Industrial Automation Industry
The industrial automation industry experiences an annual growth of 0.05%, supported by an ecosystem of 3467 startups. These startups span various stages of development, with over 400 in the early stages and more than 560 having gone through mergers and acquisitions (M&A). The industry’s innovative drive is evidenced by 14K patents filed by over 6460 applicants. Moreover, it reflects a yearly patent growth rate of 3.90%. China and the USA lead in patent issuance, with China accounting for 4K patents and the USA close behind with 3900.
Explore the Funding Landscape of the Industrial Automation Industry
Investment in the industrial automation sector stands with an average investment value of USD 14.7 million per round. The industry attracted over 780 investors, who closed more than 2190 funding rounds and supported more than 710 companies. This data highlights the sector’s dynamic nature, characterized by innovation, financial backing, and a pipeline of emerging companies to drive future growth.
Who is Investing in Industrial Automation Companies?
The industrial automation industry attracted investment from top investors, with a combined value of more than USD 213 million. Here are the details of the top investors and their contributions:
- Techstars supported 6 companies with a total of USD 560K.
- Y Combinator backed 5 companies with USD 865K.
- National Science Foundation funded 3 companies with USD 1.7 million.
- Export Development Canada contributed USD 79.4 million to 3 companies.
- American Industrial Partners financed 2 companies with USD 50 million.
- Fondo Italiano D’Investimento invested USD 31.2 million in 2 companies.
- China International Capital Corporation (CICC) injected USD 49.4 million into 2 companies.
These investments highlight the diverse range of financial support within the industry, spanning early-stage startups to more established companies.
Access Top Industrial Automation Innovations & Trends with the Discovery Platform
The Power Management trend includes over 1468 companies. It employs a workforce of 98K+ individuals, including 8K+ new employees added in the last year. The sector demonstrates an annual trend growth rate of 4.28%.
Collaborative Robotics encompasses 1780+ companies. This area employs 85K+ individuals, with over 6K new employees joining in the last year. The annual trend growth rate is 37.42%.
Embedded Systems are developed by over 4130 companies that have been identified. It employs a workforce of 153K+ individuals, with 16K+ new employees added in the last year. The sector’s annual trend growth rate stands at 4.90%.
5 Top Examples from 3460+ Innovative Industrial Automation Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
Vieaura develops a Codeless AI SaaS platform
US-based startup Vieaura advances industrial processes with a no-code extended reality (XR0 platform. This SaaS platform extends edge access while enabling guided workflows and optimizing standard operating procedures (SOPs). The platform integrates with back-office applications through an API gateway without customization for real-time data collation and analysis with structured and unstructured data, and analytics. Moreover, Vieaura’s cloud platform centralizes data to secure reliable access for process control and analysis.
SONOBOTICS offers NDT Inspection Robotics
UK-based startup SONOBOTICS improves the inspection workflow by integrating robotic and non-destructive testing (NDT) technologies for enhanced safety and efficiency. The startup’s platforms enable autonomous operation and low-power demands. Its Sonus EVO, an electromagnetic acoustic transducer (EMAT) acquisition system, offers non-contact ultrasonic testing without surface preparation. The Sonus EVO Lite, another EMAT system, provides hardware and software integration with robotic systems. Both platforms support wireless communication and the robotic operating system (ROS) for quick deployment.
Tesseract Technologies builds an FFF 3D Printer
Dutch startup Tesseract Technologies uses direct drive technology in 3D printing. This fused deposition modeling (FDM) 3D printer ensures submicrometer precision to achieve accuracy levels. The direct drive technology simplifies assembly complexity and reduces costs by optimizing and developing motors specifically for additive manufacturing. It incorporates a dedicated computerized numerical control (CNC) positioning system based on direct-drive linear motors for faster and more accurate printing.
FORTAI manages the Mining Value Chain
Canadian startup FORTAI manages the value chain in the mining industry through its ADMMIT technology. This technology autonomously manages material movement in real time while integrating with planning and inventory controls. Its SmartCubes and SmartModules products provide inventory visibility, using GPS, Wi-Fi, Bluetooth, and integrated sensors for real-time tracking. These technologies ensure full chain visibility and eliminate shadow inventory by maintaining an accurate audit trail. Keycard access and the ADMMIT app control material access, and enhance security and operational efficiency. The system also supports inventory updates outside network coverage by leveraging mobile device data.
Capra Robotics develops a Mobile Robot
Denmark-based startup Capra Robotics designs Capra Hircus, an outdoor mobile robot that maneuvers and carries different loads in diverse terrains. It integrates with tools and applications via a direct interface to its operating system. The robot’s autonomous navigation utilizes odometry, global navigation satellite system (GNSS), and visual simultaneous localization and mapping (VSLAM) for movement and positioning. Moreover, the Capra Hircus robot features a robust suspension system to navigate tight spaces and challenging environments.
Get Insights into Industrial Automation Trends, Startups, or Technologies
The 2024 Industrial Automation Industry Report highlights the sector’s resilience in addressing challenges like supply chain disruptions and regulatory complexities. Advancements in robotics, AI, and IoT drive innovation and create a competitive edge. These technological breakthroughs enhance scalability, efficiency, and market adaptability. Get in touch to explore all 3460+ startups and scaleups, as well as all industry trends impacting industrial automation companies.
