Lucintel's latest market report analyzed that industrial control system provides attractive opportunities in the power, energy and utilities, transportation systems, and manufacturing industries. The industrial control system market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, industrial robot is the largest segment by component type, whereas manufacturing is largest by end use industry.

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Based on component type, the industrial control system market is segmented into HMI, industrial robot, control valve, and sensor. The industrial robot segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing use for industrial robots among the manufacturing units, which helps in reducing labor requirement and energy usage and thereby ensuring a smooth and continuous workflow.

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The Industrial Control System Market is marked by the presence of several big and small players. Some of the prominent players offering industrial control system include ABB, Emerson Electric, Honeywell International, Kawasaki Heavy Industries, Mitsubishi Electric, OMRON, and Rockwell Automation.

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