Smart Factory Market: Summary

The global smart factory market is estimated to reach USD 267.1 Billion in 2024 at a CAGR of 8.9%. Increasing adoption of wireless and sensor technologies, growing adoption of industrial robots, and increase complexity in supply chain management is expected to drive the smart factory market during the forecast period. However, high initial capital investment and risk associated with data loss and cyber security is expected to restrain the market during the forecast period. 3D printing technology is expected to become an opportunity for smart factory market.

 

The smart factory is a high digitized and connected production facility which depends on smart manufacturing. Moreover, it connects with plant to other entities in the digital supply network to enable effective supply chain management. In smart factory, machinery and equipment are able to improve processes through self-optimization and automation. Some key players in smart factory are Siemens AG, Fanuc Corporation, General Electric Company, Mitsubishi Electric Corporation, and Honeywell International Inc.

 

Smart Factory Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global smart factory market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of hardware, the market is segmented into industrial robots, sensors, machine vision systems, and others. By software, the smart factory market is segmented into product life cycle management (PLM), enterprise resource planning (ERP), machine execution systems (MES), programmable logic controller (PLC), supervisory control and data acquisition (SCADA), and Others. On the basis of wireless connectivity, the market is segmented into wireless fidelity (Wi-Fi), WirelessHART, Bluetooth, and Zigbee. By end use industry the market is segmented into oil and gas, chemicals, automotive, electronics and semiconductors, aerospace and defense, and healthcare.

 

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Smart Factory Market: Report Scope

The report on the smart factory market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

 

Key Companies

Siemens AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

Honeywell International Inc.

Fanuc Corporation

Mitsubishi Electric Corporation

Yokogawa Electric Corporation

ABB Ltd

Emerson Electric Co.

General Electric Company

Texas Instruments

Dassault Systemes SE

Other Key Companies

 

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Smart Factory Market: Report Segmentation 

For the scope of report, In-depth segmentation is offered by Forencis Research

 

Smart Factory Market by Hardware

Industrial robots

Collaborative Robots

Articulated Robots

Cartesian Robots

Selective Compliance Assembly Robot Arm (SCARA) Robots

Cylindrical Robots

Other Robots (Delta, Palletizing, Welding)

Sensors

Machine Vision System

Others (Control Systems)

 

Smart Factory Market, by Software

Product Life Cycle Management (PLM)

Enterprise Resource Planning (ERP)

Machine Execution Systems (MES)

Programmable Logic Controller (PLC)

Supervisory Control and Data Acquisition (SCADA)

Others (DCS, HMI, PAM)

 Smart Factory Market, by Wireless Connectivity 

Wireless Fidelity (Wi-Fi)

WirelessHART

Bluetooth

Zigbee

Smart Factory Market by, End-Use Industry

Oil and Gas

Chemicals

Automotive

Electronics and Semiconductors

Aerospace and Defense

Healthcare

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1. Increasing adoption of wireless technologies and sensor technologies

4.2.2. Growing adoption of industrial robots

4.2.3. Increasing complexity in supply chain management

4.3 Restraints

4.3.1. High Initial capital investment

4.3.2. Risk associated with data loss and cybersecurity

4.4 Opportunities

4.4.1. 3D printing technology

4.5 Challenges

4.5.1. Less market knowledge in small and medium scale organizations

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

5.3 Impact Analysis

5.3.1 Industrial Internet of Things (IIoT)

5.3.2 Artificial Intelligence (AI)

5.3.3 5G

5.3.4 Big Data

5.3.5 Blockchain

6 GLOBAL SMART FACTORY MARKET BY HARDWARE, Market Size in USD Million (2017—2024)

6.1 Introduction

6.2 Industrial Robots

6.2.1 Collaborative Robots

6.2.2 Articulated Robots

6.2.3 Cartesian Robots

6.2.4 Selective Compliance Assembly Robot Arm (SCARA) Robots

6.2.5 Cylindrical Robots

6.2.6 Other Robots (Delta, Palletizing, Welding)

6.3 Sensors

6.4 Machine Vision Systems

6.5 Others (Control Systems)

7 GLOBAL SMART FACTORY MARKET BY SOFTWARE, Market Size in USD Million (2017—2024)

7.1 Introduction

7.2 Product Life Cycle Management (PLM)

7.3 Enterprise Resource Planning (ERP)

7.4 Machine Execution Systems (MES)

7.5 Programmable Logic Controller (PLC)

7.6 Supervisory Control and Data Acquisition (SCADA)

7.7 Others (DCS, HMI, PAM)

8 GLOBAL SMART FACTORY MARKET BY WIRELESS CONNECTIVITY, Market Size in USD Million (2017—2024)

8.1 Introduction

8.2 Wireless Fidelity (Wi-Fi)

8.3 WirelessHART

8.4 Bluetooth

8.5 Zigbee

9 GLOBAL SMART FACTORY MARKET BY END-USE INDUSTRY, Market Size in USD Million (2017—2024)

9.1 Introduction

9.2 Oil and Gas

9.3 Chemicals

9.4 Automotive

9.5 Electronics and Semiconductors

9.6 Aerospace and Defense

9.7 Healthcare

10 GLOBAL SMART FACTORY MARKET BY REGION, Market Size in USD Million (2017—2024)

10.1 North America

10.1.1 US

10.1.2 Canada

10.1.3 Mexico

10.2 Europe

10.2.1 Germany

10.2.2 France

10.2.3 Italy

10.2.4 UK

10.2.5 Spain

10.2.6 The Netherlands

10.2.7 Rest of Europe

10.3 Asia-Pacific

10.3.1 China

10.3.2 Japan

10.3.3 India

10.3.4 South Korea

10.3.5 Taiwan

10.3.6 Rest of Asia-Pacific

10.4 Middle East

10.4.1 Saudi Arabia

10.4.2 UAE

10.4.3 Rest of Middle East

10.5 South America

10.5.1 Brazil

10.5.2 Argentina

10.5.3 Rest of South America

11 COMPETITIVE LANDSCAPE

11.1 Introduction

11.2 Market Ranking/Share Analysis of Key Companies

11.3 Company Benchmarking

12 COMPANY PROFILES

12.1 Siemens AG

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Products/Solutions/Services Offered

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Honeywell International Inc.

12.3 Fanuc Corporation

12.4 Mitsubishi Electric Corporation

12.5 Yokogawa Electric Corporation

12.6 ABB Ltd.

12.7 Emerson Electric Co.

12.8 General Electric Company

12.9 Texas Instruments

12.10 Dassault Systemes SE

12.11 Other Key Companies

13 APPENDIX

13.1 Key Industry Expert Insights

13.2 Primary Discussion Guide

13.3 Customization Options

 

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Smart Factory Market by Region

 

Asia-Pacific

China

Japan

South Korea

India

Taiwan

Rest of Asia-Pacific

 

North America

US

Canada

Mexico

Europe

Germany

France

Italy

UK

Spain

The Netherlands

Rest of Europe

Middle East and Africa

Saudi Arabia

UAE

Rest of Middle East & Africa

 

South America

Brazil

Argentina

Rest of South America

 

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