Smart Factory Market Size, Share, Analysis Report

Smart Factory Market Size By Component (Industrial Robots, Industrial 3D Printing, Machine Vision, Sensors, Industrial 3D Printing), By Industry (Discrete Industry, Process Industry), By Technology (Distributed Control System , Human–Machine Interface , Plant Asset Management , Product Life Cycle Management , Manufacturing Execution System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Enterprise Resource Planning ), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

Smart factories have expanded vast traction within the past few years due to the increasing adoption of intelligence technologies in various industries including energy, mining, manufacturing, and petrochemicals. Growing use of high-tech tools and high-tech machinery portrays a gorgeous combination of producing and technological developments.

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MARKET SNAPSHOT

Major Players

  • SAP
  • ABB
  • Omron
  • Dassault SysteMES
  • Qualcomm
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    6

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Smart factory market is anticipated to grip significant development in the projected timeframe. The demand for the smart factory is driven due to the increasing concentration on energy consumption and amended manufacturing efficiency. It supports in educating processes via self-optimization and automation, its ability is not only incomplete to production of goods but it also supports in several functions like supply chain, planning and product development. Furthermore, growing focus on, manufacturing efficiency, energy consumption and increasing adoption of advance technologies for manufacturing is predicted to foster market development in the anticipated period. Industrial shift towards smart manufacturing in which technology driven approach is employed and machines are connected via internet to monitor production process and ensure zero defects manufacturing with no time lag, this is estimated to impact market development in the long run. Growing adoption of industrial robots and the evolution of Internet of Things are major factors anticipated to drive growth of the global smart factory market. Additionally, growing technological advancements such as machine to machine communication allow smart factories to remove wastage of time is the other major factors expected to enhancement growth of the global smart factory market over the forecast period. But, lack of standardization and interoperability issues is a major factor anticipated to restrain development of the global smart factory market. Additionally, shortage of trained workers and growing skill gap is anticipated to hamper the market development to a certain extent.

    The global Smart Factory market report provides geographic analysis covering regions, such as North America, Europe, 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 Rivalry

    SAP, Omron, Dassault SysteMES, Qualcomm, Siemens, General Electric, ABB, Rockwell Automation, Schneider Electric, Honeywell International, and others are among the major players in the global Smart Factory market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Smart Factory Market has been segmented as below:

    Smart Factory Market, By Component

    • Industrial Robots
    • Traditional Industrial Robots
    • Articulated Robots
    • Cartesian Robots
    • Selective Compliance Assembly Robot Arm
    • Cylindrical Robots
    • Other Robots
    • Collaborative Robots
    • Industrial 3D Printing
    • Machine Vision
    • Sensors
    • Industrial 3D Printing

    Smart Factory Market, By Industry

    • Discrete Industry
    • Process Industry

    Smart Factory Market, By Technology

    • Distributed Control System
    • Human–Machine Interface
    • Plant Asset Management
    • Product Life Cycle Management
    • Manufacturing Execution System
    • Programmable Logic Controller
    • Supervisory Control and Data Acquisition
    • Enterprise Resource Planning

    Smart Factory Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Smart Factory Market, By Company

    • SAP
    • Omron
    • Dassault SysteMES
    • Qualcomm
    • Siemens
    • General Electric
    • ABB
    • Rockwell Automation
    • Schneider Electric
    • Honeywell International
    • FANUC
    • Mitsubishi Electric
    • Emerson Electric
    • Yokogawa Electric
    • Robert Bosch
    • Stratasys
    • TE Connectivity
    • Texas Instruments
    • HP
    • KUKA

    The report covers:

    • Global Smart Factory market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • 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

    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 SAP, Omron, Dassault SysteMES, Qualcomm, Siemens, General Electric, ABB, Rockwell Automation, Schneider Electric, Honeywell International, and others.

    Reasons 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

    Some of the recent developments in Smart Factory Market are as follows:

    SAP

    • 07-2020: Siemens and SAP SE declared a new partnership that will leverage their industry expertise and transport composed their complementary software solutions for product lifecycle, supply chain and asset management so their customers can deliver new innovation and collaborative business models that will accelerate industry transformation globally.
    • 07-2020: SAP SE has declared that independent analyst firm Gartner Inc. has named SAP as a leader in Gartner’s Magic Quadrant for Multiexperience Development Platforms.

    Rockwell Automation

    • 05-2020: Rockwell Automation Offers Extended Linear Motion Control System With Improved Flexibility for Food and Beverage Packaging.
    • 05-2020: Rockwell Automation, Inc. declared the launch of the annual Corporate Responsibility Report, highlighting the company’s efforts during 2019.

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    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Smart Factory Market, By Component
        5.1 Introduction
        5.2 Industrial Robots
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Industrial 3D Printing
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Machine Vision
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast
        5.5 Sensors
            5.5.1 Market Overview
            5.5.2 Market Size and Forecast
        5.6 Industrial 3D Printing
            5.6.1 Market Overview
            5.6.2 Market Size and Forecast

    6. Smart Factory Market, By Industry
        6.1 Introduction
        6.2 Discrete Industry
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Process Industry
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast

    7. Smart Factory Market, By Technology
        7.1 Introduction
        7.2 Distributed Control System
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Human–Machine Interface
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Plant Asset Management
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast
        7.5 Product Life Cycle Management
            7.5.1 Market Overview
            7.5.2 Market Size and Forecast
        7.6 Manufacturing Execution System
            7.6.1 Market Overview
            7.6.2 Market Size and Forecast
        7.7 Programmable Logic Controller
            7.7.1 Market Overview
            7.7.2 Market Size and Forecast
        7.8 Supervisory Control and Data Acquisition
            7.8.1 Market Overview
            7.8.2 Market Size and Forecast
        7.9 Enterprise Resource Planning
            7.9.1 Market Overview
            7.9.2 Market Size and Forecast

    8. Smart Factory Market, By Geography
        8.1 Introduction
        8.2 North America
            8.2.1 North America Smart Factory, By Component
            8.2.2 North America Smart Factory, By Industry
            8.2.3 North America Smart Factory, By Technology
        8.3 Europe
            8.3.1 Europe Smart Factory, By Component
            8.3.2 Europe Smart Factory, By Industry
            8.3.3 Europe Smart Factory, By Technology
        8.4 Asia-Pacific
            8.4.1 Asia-Pacific Smart Factory, By Component
            8.4.2 Asia-Pacific Smart Factory, By Industry
            8.4.3 Asia-Pacific Smart Factory, By Technology
        8.5 Rest of the World
            8.5.1 Rest of the World Smart Factory, By Component
            8.5.2 Rest of the World Smart Factory, By Industry
            8.5.3 Rest of the World Smart Factory, By Technology

    9. Competitive Insights
        9.1 Key Insights
        9.2 Company Market Share Analysis
        9.3 Strategic Outlook
            9.3.1 Mergers & Acquisitions
            9.3.2 New Product Development
            9.3.3 Portfolio/Production Capacity Expansions
            9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            9.3.5 Others

    10. Company Profiles
        10.1 SAP
            10.1.1 Company Overview
            10.1.2 Product/Service Landscape
            10.1.3 Financial Overview
            10.1.4 Recent Developments
        10.2 Omron
            10.2.1 Company Overview
            10.2.2 Product/Service Landscape
            10.2.3 Financial Overview
            10.2.4 Recent Developments
        10.3 Dassault SysteMES
            10.3.1 Company Overview
            10.3.2 Product/Service Landscape
            10.3.3 Financial Overview
            10.3.4 Recent Developments
        10.4 Qualcomm
            10.4.1 Company Overview
            10.4.2 Product/Service Landscape
            10.4.3 Financial Overview
            10.4.4 Recent Developments
        10.5 Siemens
            10.5.1 Company Overview
            10.5.2 Product/Service Landscape
            10.5.3 Financial Overview
            10.5.4 Recent Developments
        10.6 General Electric
            10.6.1 Company Overview
            10.6.2 Product/Service Landscape
            10.6.3 Financial Overview
            10.6.4 Recent Developments
        10.7 ABB
            10.7.1 Company Overview
            10.7.2 Product/Service Landscape
            10.7.3 Financial Overview
            10.7.4 Recent Developments
        10.8 Rockwell Automation
            10.8.1 Company Overview
            10.8.2 Product/Service Landscape
            10.8.3 Financial Overview
            10.8.4 Recent Developments
        10.9 Schneider Electric
            10.9.1 Company Overview
            10.9.2 Product/Service Landscape
            10.9.3 Financial Overview
            10.9.4 Recent Developments
        10.10 Honeywell International
            10.10.1 Company Overview
            10.10.2 Product/Service Landscape
            10.10.3 Financial Overview
            10.10.4 Recent Developments
              10.11 FANUC
                           10.11.1 Company Overview
            10.11.2 Product/Service Landscape
            10.11.3 Financial Overview
            10.11.4 Recent Developments
               10.12 Mitsubishi Electric
                            10.12.1 Company Overview
            10.12.2 Product/Service Landscape
            10.12.3 Financial Overview
            10.12.4 Recent Developments
               10.13 Emerson Electric
                           10.13.1 Company Overview
            10.13.2 Product/Service Landscape
            10.13.3 Financial Overview
            10.13.4 Recent Developments
               10.14 Yokogawa Electric
                           10.14.1 Company Overview
            10.14.2 Product/Service Landscape
            10.14.3 Financial Overview
            10.14.4 Recent Developments
                   10.15 Robert Bosch
                            10.15.1 Company Overview
            10.15.2 Product/Service Landscape
            10.15.3 Financial Overview
            10.15.4 Recent Developments
                10.16 Stratasys
                           10.16.1 Company Overview
            10.16.2 Product/Service Landscape
            10.16.3 Financial Overview
            10.16.4 Recent Developments
              10.17 TE Connectivity
                           10.17.1 Company Overview
            10.17.2 Product/Service Landscape
            10.17.3 Financial Overview
            10.17.4 Recent Developments
               10.18 Texas Instruments
                           10.18.1 Company Overview
            10.18.2 Product/Service Landscape
            10.18.3 Financial Overview
            10.18.4 Recent Developments
               10.19 HP
                           10.19.1 Company Overview
            10.19.2 Product/Service Landscape
            10.19.3 Financial Overview
            10.19.4 Recent Developments
               10.20 KUKA
                          10.20.1 Company Overview
            10.20.2 Product/Service Landscape
            10.20.3 Financial Overview
            10.20.4 Recent Developments

    The Smart Factory Market has been segmented as below:

    Smart Factory Market, By Component

    • Industrial Robots
    • Traditional Industrial Robots
    • Articulated Robots
    • Cartesian Robots
    • Selective Compliance Assembly Robot Arm
    • Cylindrical Robots
    • Other Robots
    • Collaborative Robots
    • Industrial 3D Printing
    • Machine Vision
    • Sensors
    • Industrial 3D Printing

    Smart Factory Market, By Industry

    • Discrete Industry
    • Process Industry

    Smart Factory Market, By Technology

    • Distributed Control System
    • Human–Machine Interface
    • Plant Asset Management
    • Product Life Cycle Management
    • Manufacturing Execution System
    • Programmable Logic Controller
    • Supervisory Control and Data Acquisition
    • Enterprise Resource Planning

    Smart Factory Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Smart Factory Market, By Company

    • SAP
    • Omron
    • Dassault SysteMES
    • Qualcomm
    • Siemens
    • General Electric
    • ABB
    • Rockwell Automation
    • Schneider Electric
    • Honeywell International
    • FANUC
    • Mitsubishi Electric
    • Emerson Electric
    • Yokogawa Electric
    • Robert Bosch
    • Stratasys
    • TE Connectivity
    • Texas Instruments
    • HP
    • KUKA

    Got a question? We've got answers. If you have some other questions, see our support center.

    The segment included in Smart Factory market is Component, Industry, Technology, Company and region.
    Some key players operating in the Smart Factory market include SAP, Omron, Dassault SysteMES, Qualcomm, Siemens, General Electric, ABB, Rockwell Automation, Schneider Electric, Honeywell Internationa
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