What it holds
Industrial Automation follows the money through the Robotics bill of materials: the parts it takes to build it, and the companies that earn their revenue supplying them. Each company is read from its own reports, so a holding reflects what it actually sells into the theme, not what it says about it.
| Part | What it covers |
|---|---|
| Servo Motors & Drives | servo motors, motor drives |
| Precision Reducers (Industrial) | precision reducers |
| Machine Vision & Sensors | machine vision, robotic sensors |
| Controllers, PLCs & Factory Auto | plc controllers, factory automation systems |
| Connectors, Power & Materials | industrial connectors, motion power components |
| Cobots, Safety & End-Effectors | industrial robots, collaborative robots, end effectors, machine safety |
| Linear & Rotary Actuators | linear actuators, rotary actuators |
How it breaks down
- Japan32%
- China22%
- United States20%
- Hong Kong9%
- South Korea5%
- Other11%
- Large cap ($10bn to $200bn)28%
- Mid cap ($2bn to $10bn)52%
- Small cap (under $2bn)20%
Shares of the strategy as of the data date.
Largest companies
| Company | Listing | Market value |
|---|---|---|
| 2715.Hk | 2715.HK | $2 billion |
| Rockwell Automation | ROK.XNYS | $49 billion |
| Novanta | NOVT.XNAS | $6 billion |
| Symbotic | SYM.XNAS | $24 billion |
| HMS Networks AB | HMS.ST | $2 billion |
| China Leadshine Technology | 002979.SHE | $3 billion |
| 2432.Hk | 2432.HK | $1 billion |
| SIASUN Robot Automation | 300024.SHE | $3 billion |
| Shenzhen Inovance Tech | 300124.SHE | $23 billion |
| Doosan Robotics | 454910.KO | $3 billion |
| Techman Robot | 4585.TW | $858 million |
| Harmonic Drive Systems | 6324.T | $3 billion |
| Thk Co.,Ltd. | 6481.T | $4 billion |
| YASKAWA Electric | 6506.T | $7 billion |
| Omron | 6645.T | $7 billion |
The market
Industrial connectors, likely all connector types; figure given as about
Zion Market Research, 2034Industrial automation market, forecast
SkyQuest, 2033Global industrial automation market, forecast
Databridge Market Research, 2032Industrial automation market (growth, a year)
SkyQuest, 2026-2033Estimates diverge widely: segment-level figures are far larger than the parts, and the vendors define scope differently, so vision, cobots, actuators and connectors vary several-fold. Servo and PLC 2024 sizes agree reasonably well, and some vendors' own figures disagree with each other within the same page.
All 57 published estimates, with sources
| What it measures | Figure | Year | Source |
|---|---|---|---|
| Global industrial automation market (growth, a year) | +8.3% | 2024-2032 | Databridge Market Research |
| Global industrial automation market | $197bn | 2024 | Databridge Market Research |
| Global industrial automation market, forecast | $373bn | 2032 | Databridge Market Research |
| Global industrial automation market; same page as the 8.30% figure (growth, a year) | +9.5% | 2025-2032 | Databridge Market Research |
| Industrial automation market (growth, a year) | +8.8% | 2026-2033 | SkyQuest |
| Industrial automation market | $240bn | 2024 | SkyQuest |
| Industrial automation market, forecast | $513bn | 2033 | SkyQuest |
| Industrial automation market; alternative 2024 figure on same page | $239bn | 2024 | SkyQuest |
| Industrial connectors, likely all connector types; figure given as about | $197bn | 2034 | Zion Market Research |
| Industrial connectors, likely all connector types; figure given as around (growth, a year) | +7.0% | forecast period | Zion Market Research |
| Analog servo motors and drives only | $11bn | 2024 | GM Insights |
| Collaborative robots (cobots) (growth, a year) | +36% | forecast period to 2033 | IMARC |
| Collaborative robots (cobots) (growth, a year) | +32% | 2025-2034 | GM Insights |
| Collaborative robots (cobots) | $3.7bn | 2024 | IMARC |
| Collaborative robots (cobots) | $1.9bn | 2024 | GM Insights |
| Collaborative robots (cobots) | $1.4bn | not stated in snippet | MarketsandMarkets |
| Collaborative robots (cobots), forecast | $60bn | 2033 | IMARC |
| Collaborative robots (cobots), forecast | $3.4bn | 2030 | MarketsandMarkets |
| Collaborative robots (cobots); figure given as about (growth, a year) | +18% | forecast period | MarketsandMarkets |
| Global RV precision reducers | $2.5bn | 2025 | Dataintelo |
| Global RV precision reducers, forecast | $5.4bn | 2034 | Dataintelo |
| Industrial connectors (growth, a year) | +2.8% | 2025-2034 | GM Insights |
| Industrial connectors | $8.7bn | 2024 | GM Insights |
| Industrial connectors, forecast | $12bn | 2034 | GM Insights |
| Linear actuators (growth, a year) | +9.9% | forecast period to 2032 | Kings Research |
| Linear actuators (growth, a year) | +4.1% | forecast period to 2032 | Market Research Future |
| Linear actuators | $55bn | 2024 | Kings Research |
| Linear actuators, forecast | $116bn | 2032 | Kings Research |
| Linear actuators, forecast | $3.3bn | 2032 | Market Research Future |
| Linear actuators; scope may be wider than industrial automation (growth, a year) | +8.8% | forecast period not stated in note | Research and Markets |
| Linear actuators; scope may be wider than industrial automation | $41bn | 2024 | Research and Markets |
| Linear actuators; scope may be wider than industrial automation | $45bn | 2025 | Research and Markets |
| Machine safety (growth, a year) | +5.0% | 2026-2034 | IMARC |
| Machine safety | $6.1bn | 2025 | IMARC |
| Machine safety | $6.4bn | 2025 | GM Insights |
| Machine safety | $6.2bn | 2026 | Fortune Business Insights |
| Machine safety, forecast | $9.6bn | 2034 | IMARC |
| Machine safety, forecast | $10bn | 2034 | Fortune Business Insights |
| Machine vision market (growth, a year) | +7.9% | forecast period to 2034 | Expert Market Research |
| Machine vision market | $11bn | 2024 | Expert Market Research |
| Machine vision market | $16bn | 2024 | Market Research Future |
| Machine vision market, forecast | $23bn | 2034 | Expert Market Research |
| Programmable logic controllers (PLC) (growth, a year) | +5.8% | forecast period to 2034 | Research and Markets |
| Programmable logic controllers (PLC) (growth, a year) | +10% | forecast period to 2034 | Reanin |
| Programmable logic controllers (PLC) | $13bn | 2024 | Research and Markets |
| Programmable logic controllers (PLC) | $12bn | 2024 | Reanin |
| Programmable logic controllers (PLC), forecast | $24bn | 2034 | Research and Markets |
| Programmable logic controllers (PLC), forecast | $31bn | 2034 | Reanin |
| RV precision reducers only (growth, a year) | +7.4% | 2025-2033 | Data Horizzon |
| RV precision reducers only | $2.1bn | 2024 | Data Horizzon |
| RV precision reducers only, forecast | $4.0bn | 2033 | Data Horizzon |
| Servo motors and drives (growth, a year) | +3.9% | 2025-2033 | IMARC |
| Servo motors and drives (growth, a year) | +4.8% | 2025-2032 | PS Market Research |
| Servo motors and drives | $13bn | 2024 | IMARC |
| Servo motors and drives | $14bn | 2024 | PS Market Research |
| Servo motors and drives, forecast | $19bn | 2033 | IMARC |
| Servo motors and drives, forecast | $20bn | 2032 | PS Market Research |
Questions
- What is Industrial Automation?
- Servo motors, reducers, vision, controllers, actuators and robot arms.
- What does Industrial Automation hold?
- Listed companies that earn their revenue from the parts it takes to build Robotics Supercycle: Servo Motors & Drives, Precision Reducers (Industrial), Machine Vision & Sensors, Controllers, PLCs & Factory Auto, Connectors, Power & Materials, Cobots, Safety & End-Effectors. 30 companies as of 2026-10-28.
- What is not in Industrial Automation?
- Integrated servo joint modules for industrial arms: Servo Motors & Drives, not Precision Reducers (Industrial) or Linear & Rotary Actuators; humanoid joint modules stay in Humanoid Reducers & Joints Standalone harmonic, strain-wave and cycloidal reducers: Precision Reducers (Industrial), not Humanoid Reducers & Joints; Humanoid Reducers & Joints holds only integrated joint modules Packaged rotary and linear Linear & Rotary Actuators: Linear & Rotary Actuators, not Servo Motors & Drives; motors and drives sold alone stay in Servo Motors & Drives
Sources
Every part of the bill of materials is researched from published industry sources, and every company from its own annual reports and exchange data. Nothing is estimated that cannot be sourced.
Industry research: advisor.morganstanley.com/john.howard/documents/field/j/jo/j · baike.baidu.com/en/item/Reducer/4736336 · blog.robozaps.com/b/economics-of-humanoid-robot-production · dataintelo.com/report/industrial-connectors-market · equitybypiyush.substack.com/p/the-money-in-a-humanoid-is-in- · eu.36kr.com/en/p/3780414717129481 · humanoid.guide/humanoid-joint-actuator-cost/ · humanoid.guide/the-humanoid-robot-supply-chain/ · industrialmonitordirect.com/blogs/knowledgebase/industrial-a · institute.bankofamerica.com/content/dam/transformation/human · institute.bankofamerica.com/content/dam/transformation/physi · kiloiot.io/blog/robot-integration/ · koeed.com/blogs/daily-plc-news/industrial-automation-market- · rellingsystems.com/resources/robot-cost/robot-cell-cost-brea · rellingsystems.com/resources/robot-cost/robot-integration-co · robotic-industries.com/industry-economics/industrial-robot-p · roboticscableassembly.com/blog/robot-cable-assembly-cost · robotpriceindex.com/guides/industrial-robot-arm-cost · semiconductorinsight.com/report/robotic-dresspack-market/ · thundersaidenergy.com/downloads/servo-motors-cost-calculator
What it is not
Where an item could belong to two parts, these rules decide which owns it; items outside every part are not counted.
- Integrated servo joint modules for industrial arms: Servo Motors & Drives, not Precision Reducers (Industrial) or Linear & Rotary Actuators; humanoid joint modules stay in Humanoid Reducers & Joints
- Standalone harmonic, strain-wave and cycloidal reducers: Precision Reducers (Industrial), not Humanoid Reducers & Joints; Humanoid Reducers & Joints holds only integrated joint modules
- Packaged rotary and linear Linear & Rotary Actuators: Linear & Rotary Actuators, not Servo Motors & Drives; motors and drives sold alone stay in Servo Motors & Drives
- Robot arm with its bundled controller and teach pendant: Cobots, Safety & End-Effectors, not Controllers, PLCs & Factory Auto; standalone PLCs and motion controllers stay in Controllers, PLCs & Factory Auto
- Cameras, 3D depth sensors, lidar and general robot perception hardware: Machine Vision & Sensors, not Dexterous Manip. & Perception; only tactile and hand sensing: Dexterous Manip. & Perception
- Ball screws, roller screws and linear guides: Linear & Rotary Actuators, not Humanoid Reducers & Joints or Precision Reducers (Industrial)
- Force-torque and joint encoders and torque sensors: Machine Vision & Sensors, not Dexterous Manip. & Perception or Humanoid Reducers & Joints; fingertip tactile skins: Dexterous Manip. & Perception
- Industrial grippers and tool changers: Cobots, Safety & End-Effectors, not Dexterous Manip. & Perception; multi-finger humanoid hands: Dexterous Manip. & Perception
- Batteries, BMS and chargers for mobile robots: Batteries & Mobile Power, not Connectors, Power & Materials; Connectors, Power & Materials covers motion power components for fixed industrial robots
- Servo and motor drives, including from PLC vendors: Servo Motors & Drives, not Controllers, PLCs & Factory Auto
- Light curtains, safety scanners and safety PLCs: Cobots, Safety & End-Effectors, not Machine Vision & Sensors or Controllers, PLCs & Factory Auto
- Robot operating software, AI models and simulation: Edge AI & Embodied Compute, not Controllers, PLCs & Factory Auto; PLC programming and factory control software: Controllers, PLCs & Factory Auto
- Cost convention: installation and integration labour follows the product it installs, and standalone system integrator services go to Controllers, PLCs & Factory Auto as factory automation systems
- Magnets, cabling and specialty materials sold separately: Connectors, Power & Materials, not Servo Motors & Drives; magnets inside a finished motor stay in Servo Motors & Drives
Not investment advice. Figures are dated and sourced; ThematIQ does not estimate figures it cannot source.