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Global Industrial Automation Market to Hit US$ 410.3 Billion by 2031, Registering 9% CAGR
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Fusion42 · 2 November 2026 · Fusion42 review
The global industrial automation market is projected to grow at a 9% CAGR to reach $410.3 billion by 2031, driven by rising industrial robot installations, integration of AI into live operations, and demand across sectors like automotive, electronics, pharmaceuticals, and food. Growth is concentrated in regions like China and India, with shifts towards connected, software-based production systems and industrial AI expanding beyond pilot projects.
This Wire brief sits within Fusion42's coverage of Industrial Automation.
◆ ◆ The Wire takeaway
Industrial AI is moving into everyday use across factories, creating chances for founders to build software that connects AI with machines and data systems. You can win by helping manufacturers overcome integration challenges between traditional equipment and new digital tools.
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1 source · 2 Nov 2026
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