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.