Over the past ten years, the idea of a “smart factory” has been increasingly significant in the business. Automated factories with sophisticated technology enabling humans, machines, and processes to work together to ensure optimal and efficient production are known as smart factories. A smart factory’s distinct features, like computer-aided automation, integrated workflow control, safety, energy optimisation, and operational speed, set it apart from conventional industrial production plants. Utilising a smart factory can result in increased productivity, better efficiency, and lower operating costs, among other benefits. The study’s objective is to examine the market’s segments in terms of the factors that are driving, limiting, providing opportunities, and posing difficulties for the smart factory industry. The study endeavour is intended to concentrate on offering thorough data about the market and its stakeholders.
Primary research is a crucial part of the study since it gives the researchers detailed, first-hand knowledge about the smart factory market. The research focuses on both desk research and primary research based on interviews in order to precisely assess and gather relevant data linked to the smart factory market.
Mostly quantitative methods are used in data analysis to get trustworthy results from a variety of datasets. We shall examine regular market research studies to comprehend industry-specific data and growth patterns. In order to simulate the precise market size in terms of value and volume, market forecasting methodologies will also be used.
In order to methodically evaluate the data and information gathered from primary and secondary research, the report’s findings are analysed through a thorough market assessment. The research presents the industry insights, driven by different regions and nations, with an emphasis on major market players, production and sales outlooks, and technological development outlooks.
Smart Factory Market on Component:
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printing
- Machine Vision
Smart Factory Market on Solution:
- SCADA
- MES
- Industrial Safety
- PAM
Smart Factory Market on Industry:
- Process Industry
- Discrete Industry
Smart Factory Market on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Through the use of sensors, smart factories make production processes more connected. This element may contribute to improved information and communication flows within a manufacturing facility. An comprehensive range of sensor technologies are installed on machines that are part of a linked network in modern manufacturing operations. Consequently, industrial sensors would have the biggest market share in 2021.
Over the course of the forecast period, the PAM segment is anticipated to increase at the greatest CAGR. PAM solutions assist manufacturers in obtaining fast information and making choices that maximise their competitiveness. Production, organisational design, distribution, strategic, and commercial activities are all integrated to achieve this. It assists manufacturers in identifying issues prior to a process failure and focuses on risk reduction. Therefore, the main factors propelling the PAM market’s growth are the decrease in unscheduled downtime and operational costs, the best use of available resources, and higher returns on investment.
Solutions for smart factories have many advantages, including improved product quality, enhanced energy efficiency, accelerated decision-making that produces more precise results, and dependability for large-scale production in the oil and gas sectors. Drilling activities are being established by a number of oil and gas corporations in isolated offshore regions. The industry’s need for smart manufacturing solutions is being driven by the emphasis on efficiency and safety. These crucial tasks can be completed by IoT devices in oil and gas smart manufacturing solutions more easily. The oil and gas industry has seen an increase in worker safety as a result of the implementation of smart manufacturing technologies.
During the projected period, the automotive segment is expected to hold the greatest share of the smart factory market, by discrete industry. The creation and manufacturing of premium cars depend heavily on smart manufacturing. Assembly line innovations assist automakers in raising productivity and improving quality. By automatically detecting the products in the assembly process and then allocating the necessary programmes for the tools employed in the various stages of the assembly process, the most recent smart assembly solutions expand the capabilities of vehicle makers. In the past few years, Mercedes-Benz, Renault, Audi, Volkswagen, and Toyota have all renovated some of their locations to become smart factories.
The smart factory companies such as Rockwell Automation Inc. (US), Siemens AG (Germany), Schneider Electric SE (France), ABB (Switzerland), and Honeywell International Inc. (US).
- This report illustrates the most vital attributes of the Smart Factory Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Smart Factory Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Smart Factory Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Smart Factory Market.
List of Tables
TABLE 1. SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 2. SMART FACTORY MARKET VALUE FOR INDUSTRIAL SENSORS, BY GEOGRAPHY , 2021-2030 (USD BILLION)
TABLE 3. SMART FACTORY MARKET VALUE FOR INDUSTRIAL ROBOTS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. SMART FACTORY MARKET VALUE FOR INDUSTRIAL 3D PRINTING, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 5. SMART FACTORY MARKET VALUE FOR MACHINE VISION, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 6. SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 7. SMART FACTORY MARKET VALUE FOR SCADA, 2021-2030 (USD BILLION)
TABLE 8. SMART FACTORY MARKET VALUE FOR MES, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 9. SMART FACTORY MARKET VALUE FOR INDUSTRIAL SAFETY, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 10. SMART FACTORY MARKET VALUE FOR PAM, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 11. SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 12. SMART FACTORY MARKET VALUE FOR PROCESS INDUSTRY, 2021-2030 (USD BILLION)
TABLE 13. SMART FACTORY MARKET VALUE FOR DISCRETE INDUSTRY, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 14. NORTH AMERICA SMART FACTORY MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 15. NORTH AMERICA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 16. NORTH AMERICA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 17. NORTH AMERICA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 18. U.S SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 19. U.S SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 20. U.S SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 21. CANADA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 22. CANADA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 23. CANADA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 24. MEXICO SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 25. MEXICO SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 26. MEXICO SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 27. EUROPE SMART FACTORY MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 28. EUROPE SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 29. EUROPE SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 30. EUROPE SMART FACTORY MARKET VALUE, BY INDUSTRIES, 2021-2030 (USD BILLION)
TABLE 31. GERMANY SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 32. GERMANY SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 33. GERMANY SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 34. U.K SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 35. U.K SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 36. U.K SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 37. FRANCE SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 38. FRANCE SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 39. FRANCE SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 40. ITALY SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 41. ITALY SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 42. ITALY SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 43. SPAIN SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 44. SPAIN SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 45. SPAIN SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 46. ROE SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 47. ROE SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 48. ROE SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 49. ASIA PACIFIC SMART FACTORY MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 50. ASIA PACIFIC SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 51. ASIA PACIFIC SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 52. ASIA PACIFIC SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 53. CHINA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 54. CHINA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 55. CHINA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 56. INDIA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 57. INDIA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 58. INDIA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 59. JAPAN SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 60. JAPAN SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 61. JAPAN SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 62. REST OF APAC SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 63. REST OF APAC SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 64. REST OF APAC SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 65. LATIN AMERICA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 66. LATIN AMERICA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 67. LATIN AMERICA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 68. BRAZIL SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 69. BRAZIL SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 70. BRAZIL SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 71. ARGENTINA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 72. ARGENTINA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 73. ARGENTINA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 74. MIDDLE EAST AND AFRICA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 75. MIDDLE EAST AND AFRICA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 76. MIDDLE EAST AND AFRICA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 77. SAUDI ARABIA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 78. SAUDI ARABIA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 79. SAUDI ARABIA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 80. UAE SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 81. UAE SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 82. UAE SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 83. REST OF MIDDLE EAST AND AFRICA SMART FACTORY MARKET VALUE, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 84. REST OF MIDDLE EAST AND AFRICA SMART FACTORY MARKET VALUE, BY SOLUTION, 2021-2030 (USD BILLION)
TABLE 85. REST OF MIDDLE EAST AND AFRICA SMART FACTORY MARKET VALUE, BY INDUSTRY, 2021-2030 (USD BILLION)
TABLE 86. MITSUBISHI ELECTRIC CORPORATION: FINANCIALS
TABLE 87. MITSUBISHI ELECTRIC CORPORATION: PRODUCTS & SERVICES
TABLE 88. MITSUBISHI ELECTRIC CORPORATION: RECENT DEVELOPMENTS
TABLE 89. FANUC CORPORATION: FINANCIALS
TABLE 90. FANUC CORPORATION: PRODUCTS & SERVICES
TABLE 91. FANUC CORPORATION: RECENT DEVELOPMENTS
TABLE 92. SIEMENS AG: FINANCIALS
TABLE 93. SIEMENS AG: PRODUCTS & SERVICES
TABLE 94. SIEMENS AG: RECENT DEVELOPMENTS
TABLE 95. HONEYWELL INTERNATIONAL INC.: FINANCIALS
TABLE 96. HONEYWELL INTERNATIONAL INC.: PRODUCTS & SERVICES
TABLE 97. HONEYWELL INTERNATIONAL INC.: RECENT DEVELOPMENTS
TABLE 98. SCHNEIDER ELECTRIC: FINANCIALS
TABLE 99. SCHNEIDER ELECTRIC: PRODUCTS & SERVICES
TABLE 100. SCHNEIDER ELECTRIC: RECENT DEVELOPMENTS
TABLE 101. ABB LTD: FINANCIALS
TABLE 102. ABB LTD: PRODUCTS & SERVICES
TABLE 103. ABB LTD: RECENT DEVELOPMENTS
TABLE 104. ROBERT BOSCH GMBH: FINANCIALS
TABLE 105. ROBERT BOSCH GMBH: PRODUCTS & SERVICES
TABLE 106. ROBERT BOSCH GMBH: DEVELOPMENTS
TABLE 107. EMERSON ELECTRIC CO.: FINANCIALS
TABLE 108. EMERSON ELECTRIC CO.: PRODUCTS & SERVICES
TABLE 109. EMERSON ELECTRIC CO.: RECENT DEVELOPMENTS
TABLE 110. COGNEX CORPORATION: FINANCIALS
TABLE 111. COGNEX CORPORATION: PRODUCTS & SERVICES
TABLE 112. COGNEX CORPORATION: RECENT DEVELOPMENTS
TABLE 113. ATOS SE: FINANCIALS
TABLE 114. ATOS SE: PRODUCTS & SERVICES
TABLE 115. ATOS SE: RECENT DEVELOPMENTS
