A smart factory is a highly digitized and connected production facility that depends on smart manufacturing. The concept of the smart factory is considered a crucial outcome of the fourth industrial revolution, i.e. Industry 4.0. Manufacturing companies are the major adopters of smart factories where they employ cutting-edge technologies such as artificial intelligence, Internet of Things, big data, analytics, and robotics.
Market Dynamics
Rising adoption of IIoT and cyber-physical systems is the major factor driving the global smart factory market as adoption of industrial internet of things (IIoT) and cyber-physical systems (CPS) is expected to revolutionize the global smart factory market. Moreover these IIoT devices allows connectivity all along the value chain for better communication among manufacturers, wholesalers, retailers, and consumers. Furthermore, government initiatives and increasing investments in smart manufacturing by the large manufacturing companies is also expected to propel the marketFor instance, The European Commission is investing around US$ 2 Bn on "Factories of The Future 2020" initiative, along with The European Factories of the Future Research Association (EFFRA) in the form of a public-private partnership to develop the blueprint for the smart manufacturing sector in the European Union.
Market Taxonomy
This report segments the global smart factory market on the basis component hardware, software, and services. On the basis of market structure to connect, to collect, to analyze, to control. On the basis of manufacturing verticals automobile & transportation, food & beverages, electrical & electronics, aerospace & defense, oil & gas, garment & textile, chemical & material, others (healthcare & pharmaceuticals), and by Geography North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Key features of the study:
This report provides an in-depth analysis of the global smart factory market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 - 2027), considering 2018 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global smart factory market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key players operating in the global smart factory market are Oracle Corporation, ABB Group, Atos SE, Rockwell Automation, Inc., Accenture PLC, General Electric Co., PTC Inc., Siemens AG, SAP SE, and IBM Corporation.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global smart factory market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global smart factory market.
Detailed Segmentation:
- Global Smart Factory Market, By Component:
- Hardware
- Software
- Services
- Global Smart Factory Market, By Market Structure:
- To Connect
- Wired and Wireless Networking
- Wide Area Networking (WAN)
- Local Area Networking (LAN)
- Machine-to-Machine Network
- To Collect
- Sensors
- Digital Measurement Devices
- Auto Identification Hardware
- To Analyse
- Data Historian
- Reporting
- Complex Event Processing
- Predictive Algorithm
- To Control
- Actuators
- Programmable Logic Controllers
- Smart Robotics
- Additive Manufacturing Equipment
- Global Smart Factory Market, By Manufacturing Verticle:
- Automotive & Transportation
- Food & Beverage
- Electrical and Electronics
- Aerospace & Defense
- Oil & Gas
- Garment & Textile
- Chemical & Material
- Others ( Healthcare & Pharmaceutical)
- Global Smart Factory Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- Oracle Corporation *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- ABB Group
- Atos SE
- Rockwell Automation, Inc.
- Accenture PLC
- General Electric Co.
- PTC Inc.
- Siemens AG
- SAP SE
- IBM Corporation
Table of Contents
1. Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Market Structure
- Market Snippet, By Manufacturing Vertical
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter's Analysis
- PEST Analysis
4. Global Smart Factory Market, By Component, 2017-2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Software
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Services
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
5. Global Smart Factory Market, By Market Structure, 2017-2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- To Connect
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Wired And Wireless Networking
- Wide Area Networking (WAN)
- Local Area Networking (LAN)
- Machine-to-Machine Network
- To Collect
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Sensors
- Digital Measurement Devices
- Auto Identification Hardware
- To Analyze
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Data Historian
- Reporting
- Complex Event Processing
- Predictive Algorithm
- To Control
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Actuators
- Programmable Logic Controllers
- Smart Robotics
- Additive Manufacturing Equipment
- SCADA
- DCS
- Others (MES, HMI)
6. Global Smart Factory Market, By Manufacturing Vertical, 2017-2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Automobile & Transportation
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Food & Beverages
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Electrical & Electronics
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Aerospace & Defense
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Oil & Gas
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Garment & Textile
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Chemical & Material
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
- Others (healthcare & pharmaceuticals)
- Introduction
- Market Size and Forecast, 2019-2027, (US$ Million)
7. Global Smart Factory Market, By Region, 2017-2027 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2027 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2027 (US$ Million)
- Market Size and Forecast, By Market Structure, 2019-2027 (US$ Million)
- Market Size and Forecast, By Manufacturing Vertical, 2019-2027 (US$ Million)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2027 (US$ Million)
- Market Size and Forecast, By Market Structure, 2019-2027 (US$ Million)
- Market Size and Forecast, By Manufacturing Vertical, 2019-2027 (US$ Million)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2027 (US$ Million)
- Market Size and Forecast, By Market Structure, 2019-2027 (US$ Million)
- Market Size and Forecast, By Manufacturing Vertical, 2019-2027 (US$ Million)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2027 (US$ Million)
- Market Size and Forecast, By Market Structure, 2019-2027 (US$ Million)
- Market Size and Forecast, By Manufacturing Vertical, 2019-2027 (US$ Million)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2027 (US$ Million)
- Market Size and Forecast, By Market Structure, 2019-2027 (US$ Million)
- Market Size and Forecast, By Manufacturing Vertical, 2019-2027 (US$ Million)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Israel
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
8. Competitive Landscape
- Company Profiles
- Oracle Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- ABB Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Atos SE
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Rockwell Automation, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Accenture PLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- General Electric Co., PTC Inc
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Siemens AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- SAP SE
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- IBM Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
9. Section
- References
- Research Methodology
- About us and Sales Contact