Smart Factory Market Size & Share | Global Report [2027]


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May 04, 2021, 08:33 EST


Shibuya-ku, Tokyo, Japan, Japan, May 04, 2021, 08:33 /Comserve / -- Smart Factory Market Opportunities, Size, Share, Emerging Trends, Technological Innovation, Forecasts & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

Global Smart Factory market is valued approximately USD 153.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.76 % over the forecast period 2020-2027. The smart factory is an automated plant with cyber-physical structures that can quickly transfer goods around the factory floor. The smart factory is an automated plant with cyber-physical structures that can quickly transfer goods around the factory floor. This advanced device has built-in computing codes that provide a solution for automation This advanced device has built-in computing codes that provide a solution for automation. This automation can be implemented within 60 days to streamline and monitor the flow of materials through the production facility. Smart Factory offers fast usage data models and factory-specific & MES(Manufacturing Execution System) templates. The market is driven by Industrial IoT (IIoT), business revolution, energy management significance, resource utilization, and cost reduction, rising demand for industrial robots, increasing real-time data analysis, enhanced visibility, and predictive maintenance.

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The key players of global Smart factory market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In May 2018, in collaboration with Temasek, Schneider Electric reached an agreement to acquire the Electrical & Automation business of Larsen & Toubro and merge it with its Low Voltage & Industrial Automation Products business in India. However, Requirement of a large amount of capital investment and risk associated with cyber-physical device security impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Smart Factory market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Increasing Real-Time Data Analysis, Enhanced Visibility, and Predictive Maintenance. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Industrial IoT (IIoT), business revolution, energy management significance, resource utilization, and cost reduction: rising demand for industrial robots, would create lucrative growth prospects for the Smart Factory market across Asia-Pacific region.

Major market player included in this report are:
Siemens AG
General Electric
ABB
Rockwell Automation
Schneider Electric
Honeywell International
FANUC
Mitsubishi Electric
Emerson Electric
Yokogawa Electric

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Component:
Industrial Robots
Machine Vision
Sensors
Industrial 3D Printing
By Solution:
SCADA (Supervisory Control and Data Acquisition)
PLC (Programmable Logic Controller)
DCS (Distributed Control System)
MES (Manufacturing Execution System)
PLM (Product Life Cycle Management)
ERP (Enterprise Resource Planning)
HMI (Human–Machine Interface)
PAM (Plant Asset Management)
By Industry:
Process Industries
Discrete Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. X-Band Radar Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart Factory market, by Component, 2018-2027 (USD Billion)
1.2.3. Smart Factory market, by Solution, 2018-2027 (USD Billion)
1.2.4. Smart Factory market, by Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Factory market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Factory market Dynamics
3.1. Smart Factory market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Factory market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Factory market, by Component
5.1. Market Snapshot
5.2. Global Smart Factory market by Component, Performance - Potential Analysis
5.3. Global Smart Factory market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Smart Factory market, Sub Segment Analysis
5.4.1. Industrial Robots
5.4.2. Machine Vision
5.4.3. Sensors
5.4.4. Industrial 3D Printing
Chapter 6. Global Smart Factory market, by Solution
6.1. Market Snapshot
6.2. Global Smart Factory market by Solution, Performance - Potential Analysis
6.3. Global Smart Factory market Estimates & Forecasts by Solution 2017-2027 (USD Billion)
6.4. Smart Factory market, Sub Segment Analysis
6.4.1. SCADA (Supervisory Control and Data Acquisition)
6.4.2. PLC (Programmable Logic Controller)
6.4.3. DCS(Distributed Control System)
6.4.4. MES(Manufacturing Execution System)
6.4.5. PLM(Product Life Cycle Management)
6.4.6. ERP (Enterprise Resource Planning)
6.4.7. HMI (Human–Machine Interface)
6.4.8. PAM (Plant Asset Management)
Chapter 7. Global Smart Factory market, by Industry
7.1. Market Snapshot
7.2. Global Smart Factory market by Industry, Performance - Potential Analysis
7.3. Global Smart Factory market Estimates & Forecasts by Industry 2017-2027 (USD Billion)
7.4. Smart Factory market, Sub Segment Analysis
7.4.1. Process Industries
7.4.2. Discrete Industries

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