Smart Factory Market

Smart Factory is a concept for exhibiting the ideal goal of manufacturing digitization. A Smart Factory is an extremely digitized shop floor which gathers and shares data in real-time through connected machines, gadgets and production systems. Then the data can be utilized by self-optimizing devices or throughout the company to manage issues proactively, optimize production processes and respond to new demands. Big Data Analytics, AI, Cloud Computing and Industrial IoT (Internet of Things) technologies have allowed smart manufacturing techniques to be completely integrated. Increase in usage of high-tech tools and high-tech machinery highlights an integration of manufacturing and technological developments. Moreover, the industrial inclination towards cyber world and every element of value chain is linked to ensure informed manufacturing with no defects and time lags. The above mentioned factors are projected to drive the smart factory market during the forecast period. Increased demand for industrial robots is driving the market growth. On the other hand, a lack of standardization and accessibility, coupled with a shortage of skilled labor, is projected to hinder the smart factory market growth.

The global Smart Factory Market is segregated on the basis of component as Industrial Sensors, Industrial Robots, Industrial 3D Printers and Machine Vision Systems. Based on Solution the global Smart Factory Market is segmented in Manufacturing Execution System (MES), Plant Asset Management (PAM), SCADA, Industrial Safety and Others. Based on Industry Vertical the global Smart Factory Market is segmented in Automotive, Semiconductor & Electronics, Chemicals & Pharmaceuticals, Food & Beverages, Oil & Gas, Aerospace & Defense, Medical Devices and Others.

The global Smart Factory Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Smart Factory Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

ABB Limited, Emerson Electric Co., Fanuc Corporation, General Electric Company, and others are among the major players in the global Smart Factory Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In April 2021 Siemens Digital Industries Software made an agreement to acquire TimeSeries, a major Independent Software Vendor (ISV) and Mendix partner. The acquisition of TimeSeries would help Siemens' clients and partners get to value with low-code faster.

• In October 2020 ABB acquired Codian Robotics, a significant provider of delta robots. This acquisition would help ABB to fuel its engagement in the rising field of delta robots.

The global Smart Factory Market has been segmented as below:

Smart Factory Market, By Component

• Industrial Sensors

• Industrial Robots

• Industrial 3D Printers

• Machine Vision Systems

Smart Factory Market, By Solution

• Manufacturing Execution System (MES)

• Plant Asset Management (PAM)

• SCADA

• Industrial Safety

• Others

Smart Factory Market, By Industry Vertical

• Automotive

• Semiconductor & Electronics

• Chemicals & Pharmaceuticals

• Food & Beverages

• Oil & Gas

• Aerospace & Defense

• Medical Devices

• Others

Smart Factory Market, By Region

• Europe

• North America

• Asia Pacific

• Rest of The World

Smart Factory Market, By Company

• Stratasys, Ltd.

• Siemens AG

• Robert Bosch GmbH

• ABB Limited

• Emerson Electric Co.

• Fanuc Corporation

• General Electric Company

• Honeywell International

• Johnson Control International Plc

• Mitsubishi Electric Corporation

• Rockwell Automation

• Schneider Electric

• Yokogawa Electric

The report covers the below scope:

• Global Smart Factory Market sizes from 2020 to 2025, along with CAGR for 2020-2025

• Market size comparison for 2019 vs 2025, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2025

• Global Smart Factory Market trends, covering comprehensive range of consumer trends & manufacturer trends

• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Factory Market

• Major market opportunities and challenges in forecast timeframe to be focused

• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management

• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019

• Estimated year - 2019

• Projected year - 2020

• Forecast period - 2021 to 2026

Report Scope:

The global Smart Factory Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Factory Market share. Major industry players with significant revenue share include Stratasys, Ltd., Siemens AG, Robert Bosch GmbH, ABB Limited, Emerson Electric Co., Fanuc Corporation and others.

Why to Buy this Report:

• Gain detailed insights on the Smart Factory industry trends

• Find complete analysis on the market status

• Identify the Smart Factory Market opportunities and growth segments

• Analyse competitive dynamics by evaluating business segments & product portfolios

• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted towards the existing players in the industry is as follows:

• Market Manufacturers/Service Providers

• Market Wholesale/Traders

• Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

1. Introduction

1. Key Points

2. Report Description

3. Markets Covered

4. Stakeholders

2. Research Methodology

1. Research Scope

2. Research Methodology

1. Market Research Process

2. Research Methodology

1. Secondary Research

2. Primary Research

3. Models for Estimation

3. Market Size Estimation

1. Bottom-Up Approach

2. Top-Down Approach

3. Executive Summary

4. Market Overview

1. Introduction

2. Drivers

3. Restraints

4. Opportunities

5. Challenges

5. Smart Factory Market, By Component

1. Key Points

2. Industrial Sensors

3. Industrial Robots

4. Industrial 3D Printers

5. Machine Vision Systems

6. Smart Factory Market, By Solution

1. Key Points

2. Manufacturing Execution System (MES)

3. Plant Asset Management (PAM)

4. SCADA

5. Industrial Safety

6. Others

7. Smart Factory Market, By Industry Vertical

1. Key Points

2. Automotive

3. Semiconductor & Electronics

4. Chemicals & Pharmaceuticals

5. Food & Beverages

6. Oil & Gas

7. Aerospace & Defense

8. Medical Devices

9. Others

8. Competitive Landscape

1. Introduction

2. Start-up companies- Smart Factory Market

3. Recent Developments

1. Mergers & Acquisitions

2. New Product Developments

3. Portfolio/Production Capacity Expansions

4. Joint Ventures, Collaborations, Partnerships & Agreements

5. Others

9. Company Profile

1. Stratasys, Ltd.

2. Siemens AG

3. Robert Bosch GmbH

4. ABB Limited

5. Emerson Electric Co.

6. Fanuc Corporation

7. General Electric Company

8. Honeywell International

9. Johnson Control International Plc

10. Mitsubishi Electric Corporation

11. Rockwell Automation

12. Schneider Electric

13. Yokogawa Electric