Industrial Automation Market to Hit USD 410.3B by 2031, Wissen Says
Sheridan, Wyoming – November 02, 2026 -- The global industrial automation market is valued at USD 266.7 billion in 2026 and will reach USD 410.3 billion by 2031, a CAGR of 9%, according to a new study by Wissen Research. The market is moving from isolated, hardware-oriented machine control toward connected, software-based production that combines control hardware, robotics, industrial software and real-time analytics.
Factories installed a record 603,000 industrial robots in 2025
The International Federation of Robotics (IFR) reports that installations rose 11% year on year, lifting the global operational stock to 5.079 million units. IFR forecasts a further 9% increase in 2026, to about 655,000 units.
Demand now extends beyond the car plant. In 2025, installations in metal and machinery grew 22%, while automotive and electronics each rose 10%. Collaborative robots accounted for 66,000 new installations, about 11% of the total.