Smart Factory Market Size, Share and Forecast 2019-2026

SKU: DIC66 | Last Updated On: Sep 04 2019 | No. of Pages: 221 | Available Formats

In May 2019, Panasonic has announced its plans to ramp up its smart factory solutions business in India. The company has integrated its welding business and SMT equipment business to consolidate its software and hardware capabilities and become an end-to-end integrated Smart Manufacturing Solutions company.

Smart Factory Market 

DataM analyses the complete scenario of the global Smart Factory market segmentation, geography analysis, companies, trends and opportunities in the market. The market is segmented by product type (industrial robotics, control devices, machine vision system, communication technology, sensors), by technology (production lifecycle management (PLM), enterprise resource planning (ERP), distributed control system (DCS), programmable logic control (PLC), Manufacturing execution system (MES), supervisory control and data acquisition (SCADA), others (HMI, SCARA)), by end-users (Chemical Industry, Oil and Gas Industry, Aerospace industry, Automotive industry, Mining industry, others (defence, consumer electronics)) and by region (North America, South America, Asia Pacific, Europe and Middle East and Africa). 

Smart Factory Market Overview

Smart factories employ the principles of cyber–physical technology, Internet of Things, and cloud computing technologies. The smart factory provides advanced and automated facilities to make manufacturing process faster, more efficient, and safer. This is helping to minimize the gap between digital world and traditional industrial manufacturing methods.

The Global Smart Factory Market is valued at USD XX million in 2018 and is expected to grow at a CAGR of XX% in the forecast period 2019-2026 to reach a value of USD XX million by 2026. 

Smart Factory Market Dynamics 

Increasing industrial automation, demand for productivity, managing challenges in the manufacturing process, complying to quality control policies and growing application of cloud services are some of the salient factors responsible for the growth of the global smart factory market. 

Change in monetary and social conditions set apart by a significant increase in manufacturing indicate the growing rate of industrialization among the countries of the world. According to the International Yearbook of Industrial Statistics 2018 released by United Nations Industrial Development Organizations (UNIDO), the world manufacturing value added (MVA) rose by 3.5% in 2017, the highest rate in the last seven years. According to the International Federation of Robotics (IFR), over 1.8 million industrial robots were in operation globally at the end of 2016 pacing up the industrial automation growth rate. The automation adoption rate in the manufacturing industry increased by an annual global average of 12% between 2011 and 2016 which is likely to propel the growth of the global smart factory market in the future. 

However, the complex linkage of technology, high initial costs and long installation periods are the critical aspects which might hinder the global smart factory market.

Smart factory technologies are integrated with Product Life-cycle Management (PLM), Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) to optimize production costs and resources, improve productivity and meet the standards of quality. The conventional model is now being replaced with numerous systems harmoniously linked together. Integrating all these components into one single entity is posing a significant challenge for most of the manufacturers adopting smart factory solutions which might impede the growth of this market.

Smart Factory Market Segment Analysis

Based on the end user industry, the market is segmented as Chemical Industry, Oil and Gas Industry, Aerospace industry, Automotive industry, Mining industry, others (defence, consumer electronics). 

The Oil and gas industry are expected to drive the global smart factory market at a higher rate owing to the increasing demand for automation in oil and gas industry and high global production of oil and gas. According to the International Energy Agency (IEA), the global oil demand in 2018 is 6.9mb/d and is expected to reach 104.7mb/d by 2023 rising at an average annual rate of 1.2mb/d. The global oil production as per the Global energy statistical yearbook in 2005 was about 88721 thousand barrels per day and reached 92649 thousand barrels in 2017 with a 0.7% annual growth rate. Automation and Instrumentation services in Digital oilfields include SCADA (Supervisory control and data acquisition), smart well sensors, wireless sensors, distributed control systems and other components which are widely used to monitor industrial operations and real-time process data. These components are crucial for driving the market, and the oil and gas industry is expected to dominate the global smart factory market in the future.

Smart Factory Market Geographical Analysis

The Global Smart Factory Market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. 

North American region is the primary driving region for the global smart factory market owing to the increasing industrial production and high adoption rates of cloud services in the US and Canada regions. According to the Federal Reserve of the US, the total industrial output in December 2018 moved up at an annual rate of 4% compared to December 2017, and the manufacturing output increased by 1.1%. Moreover, according to the 2018 global BSA cloud computing scorecard, the global report to rank countries preparedness for the adoption of cloud services, the US and Canada scored 82.0 and 80.0 on a scale of 100 standing at second and seventh positions respectively compared to first and fourth positions in 2017. Leading cloud service providers like Amazon AWS, Microsoft Azure Google cloud platform, and IBM cloud operate from the US and contribute significantly to the growth of cloud services in the North American region. Owing to these factors, the North American region is expected to remain as the dominant region in the global smart factory market. 

Smart Factory Market Competitive Analysis 

New product launches, expansion of facilities, mergers and acquisitions and strategic partnerships are vital strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate. 

For instance, in January 2019, Dassault systems completed the acquisition of IQMS, a manufacturing ERP software company. With this acquisition, Dassault systems aims to expand its business platform to small and midsized manufacturing companies seeking to transform their business digitally. 

Similarly, in April 2018, Schneider Electric has announced the completion of the combination of AVEVA and the Schneider Electric Industrial Software business. This combination will enhance the Schneider's reach in engineering and industrial software with scale and reference in manufacturing operations and optimization areas.

Furthermore, in October 2018, Honeywell International launched the new wireless pressure sensor best suited for specific process automated solutions. This wireless sensor makes it easier and less costly to get data from plant processes. Similarly, in March 2018, Eyelit Inc launched the new IP Shield module the latest release of its new MES suite. This new IP Shield module helps companies control access to confidential information across manufacturing processes.

 

Why Purchase the Report?

• Visualize the composition of the Global Smart Factory Market across each indication, in terms of type, technology, end users, and region highlighting the key commercial assets and players.

• Identify commercial opportunities in Global Smart Factory Market by analyzing trends and co-development deals. 

• Excel data sheet with thousands of data points of the Global Smart Factory Market - level 4/5 segmentation.

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

• Product mapping in excel for the key products of all major market players

 

Target Audience:

• Equipment Suppliers/ Buyers

• Service Providers/ Buyers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers

1.  Smart Factory Market Methodology and Scope

1.1 Research methodology

1.2 Research Objective and Scope of the Report

2.  Smart Factory Market – Market Definition and Overview

3.  Smart Factory Market – Executive Summary

3.1 Market Snippet by product type

3.2 Market Snippet by technology

3.3 Market Snippet by end user

3.4 Market Snippet by Region

4.  Smart Factory Market – Market Dynamics

4.1 Market Impacting Factors

4.2 Drivers

4.2.1 Increasing industrial automation

4.2.2 Growing application of cloud services

4.3 Restraints

4.3.1 Complex linkage of technology

4.3.2 High initial costs

4.4 Opportunities

4.5 Impact Analysis

5.  Smart Factory Market – Industry Analysis 

5.1 Porter's Five Forces Analysis 

5.2 Regulatory Analysis

6.  Smart Factory Market – by product type

6.1 Introduction 

6.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), by product type

6.1.2 Market Attractiveness Index, by product type

6.2 Industrial robotics

6.2.1 Introduction

6.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%)

6.3 control devices

6.4 machine vision system

6.5 communication technology

6.6 sensors

7.  Smart Factory Market – By technology

7.1 Introduction 

7.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), by technology

7.1.2 Market Attractiveness Index, by technology

7.2 Production lifecycle management (PLM)

7.2.1 Introduction

7.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%)

7.3 Enterprise resource planning (ERP)

7.4 Distributed control system (DCS)

7.5 Programmable logic control (PLC) 

7.6 Manufacturing execution system (MES)

7.7 Supervisory control and data acquisition (SCADA)

7.8 Others (HMI, SCARA)

8.  Smart Factory Market – By end user

8.1 Introduction 

8.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), by end user

8.1.2 Market Attractiveness Index, by end user

8.2 Chemical Industry

8.2.1 Introduction

8.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%)

8.3 Oil and Gas Industry

8.4 Aerospace industry

8.5 Automotive industry

8.6 Mining industry

8.7 Others (defense, consumer electronics)

9.  Smart Factory Market – By Region

9.1 Introduction 

9.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

9.1.2 Market Attractiveness Index, By Region

9.2 North America

9.2.1 Introduction

9.2.2 Key Region-Specific Dynamics

9.2.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by product type

9.2.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By technology

9.2.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By end user

9.2.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries 

9.2.6.1 U.S.

9.2.6.2 Canada

9.2.6.3 Mexico

9.3 Europe

9.3.1 Introduction

9.3.2 Key Region-Specific Dynamics

9.3.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by product type

9.3.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By technology

9.3.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By end user

9.3.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries 

9.3.6.1 Germany

9.3.6.2 U.K.

9.3.6.3 France

9.3.6.4 Italy

9.3.6.5 Spain

9.3.6.6 Rest of Europe

9.4 South America

9.4.1 Introduction

9.4.2 Key Region-Specific Dynamics

9.4.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by product type

9.4.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), by technology

9.4.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By end user

9.4.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Countries 

9.4.6.1 Brazil

9.4.6.2 Argentina

9.4.6.3 Rest of South America

9.5 Asia Pacific

9.5.1 Introduction

9.5.2 Key Region-Specific Dynamics

9.5.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by product type

9.5.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), by technology

9.5.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By end user

9.5.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Countries 

9.5.6.1 China

9.5.6.2 India

9.5.6.3 Japan

9.5.6.4 Australia

9.5.6.5 Rest of Asia Pacific

9.6 Middle East and Africa

9.6.1 Introduction

9.6.2 Key Region-Specific Dynamics

9.6.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by product type

9.6.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), by technology

9.6.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By end user

10.  Smart Factory Market – Competitive Landscape

10.1 Competitive Scenario

10.2 Competitor Strategy Analysis

10.3 Comparative Product Portfolio Analysis

10.4 Market Positioning/Share Analysis

10.5 Mergers and Acquisitions Analysis

11. Company Profiles

11.1 Siemens AG

11.1.1 Company overview

11.1.2 Product portfolio and description

11.1.3 Key highlights

11.1.4 Financial overview

11.2 Schneider Electric SE

11.3 Honeywell International 

11.4 Robert Bosch GmbH

11.5 Rockwell Automation

11.6 ABB Ltd

11.7 General Electric

11.8 General Dyanamics Corporation 

11.9 Invensys PLC

11.10 Mitsubhishi Electric Co

12.  Smart Factory Market – Premium Insights

13.  Smart Factory Market – DataM 

13.1 Appendix

13.2 List of Tables and Figures

13.3 About Us and Services

13.4 Contact Us

 

List of Tables

Table 1 Global Smart Factory Market Value, By Type, 2018,2022 & 2026 ($ Million)

Table 2 Global Smart Factory Market Value, By Technology, 2018,2022 & 2026 ($ Million)

Table 3 Global Smart Factory Market Value, By End User, 2018,2022 & 2026 ($ Million)

Table 4 Global Smart Factory Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 5 Global Smart Factory Market Value, By Type, 2018,2022 & 2026 ($ Million)

Table 6 Global Smart Factory Market Value, By Type, 2017-2026 ($ Million)

Table 7 Global Smart Factory Market Value, By Technology, 2018,2022 & 2026 ($ Million)

Table 8 Global Smart Factory Market Value, By Technology, 2017-2026 ($ Million)

Table 9 Global Smart Factory Market Value, By End User, 2018,2022 & 2026 ($ Million)

Table 10 Global Smart Factory Market Value, By End User, 2017-2026 ($ Million)

Table 11 Global Smart Factory Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 12 Global Smart Factory Market Value, By Region, 2017-2026 ($ Million)

Table 13 North America Smart Factory Market Value, By Type, 2017-2026 ($ Million)

Table 14 North America Smart Factory Market Value, By Technology, 2017-2026 ($ Million)

Table 15 North America Smart Factory Market Value, By End User, 2017-2026 ($ Million)

Table 16 North America Smart Factory Market Value, By Country, 2017-2026 ($ Million)

Table 17 South America Smart Factory Market Value, By Type, 2017-2026 ($ Million)

Table 18 South America Smart Factory Market Value, By Technology, 2017-2026 ($ Million)

Table 19 South America Smart Factory Market Value, By End User, 2017-2026 ($ Million)

Table 20 South America Smart Factory Market Value, By Country, 2017-2026 ($ Million)

Table 21 Europe Smart Factory Market Value, By Type, 2017-2026 ($ Million)

Table 22 Europe Smart Factory Market Value, By Technology, 2017-2026 ($ Million)

Table 23 Europe Smart Factory Market Value, By End User, 2017-2026 ($ Million)

Table 24 Europe Smart Factory Market Value, By Country, 2017-2026 ($ Million)

Table 25 Asia-Pacific Smart Factory Market Value, By Type, 2017-2026 ($ Million)

Table 26 Asia-Pacific Smart Factory Market Value, By Technology, 2017-2026 ($ Million)

Table 27 Asia-Pacific Smart Factory Market Value, By End User, 2017-2026 ($ Million)

Table 28 Asia-Pacific Smart Factory Market Value, By Country, 2017-2026 ($ Million)

Table 29 Middle East & Africa Smart Factory Market Value, By Type, 2017-2026 ($ Million)

Table 30 Middle East & Africa Smart Factory Market Value, By Technology, 2017-2026 ($ Million)

Table 31 Middle East & Africa Smart Factory Market Value, By End User, 2017-2026 ($ Million)

Table 32 Siemens AG: Overview

Table 33 Siemens AG: Product Portfolio

Table 34 Siemens AG: Key Developments

Table 35 Schneider Electric SE: Overview

Table 36 Schneider Electric SE: Product Portfolio

Table 37 Schneider Electric SE: Key Developments

Table 38 Honeywell International: Overview

Table 39 Honeywell International: Product Portfolio

Table 40 Honeywell International: Key Developments

Table 41 Robert Bosch GmbH: Overview

Table 42 Robert Bosch GmbH: Product Portfolio

Table 43 Robert Bosch GmbH: Key Developments

Table 44 Rockwell Automation: Overview

Table 45 Rockwell Automation: Product Portfolio

Table 46 Rockwell Automation: Key Developments

Table 47 ABB Ltd: Overview

Table 48 ABB Ltd: Product Portfolio

Table 49 ABB Ltd: Key Developments

Table 50 General Electric: Overview

Table 51 General Electric: Product Portfolio

Table 52 General Electric: Key Developments

Table 53 General Dynamics Corporation: Overview

Table 54 General Dynamics Corporation: Product Portfolio

Table 55 General Dynamics Corporation: Key Developments

Table 56 Invensys PLC: Overview

Table 57 Invensys PLC: Product Portfolio

Table 58 Invensys PLC: Key Developments

Table 59 Mitsubishi Electric Co: Overview

Table 60 Mitsubishi Electric Co: Product Portfolio

Table 61 Mitsubishi Electric Co: Key Developments


List of Figures:

Figure 1 Global Smart Factory Market Share, By Type, 2018 & 2026 (%)

Figure 2 Global Smart Factory Market Share, By Technology, 2018 & 2026 (%)

Figure 3 Global Smart Factory Market Share, By End User, 2018 & 2026 (%)

Figure 4 Global Smart Factory Market Share, By Region, 2018 & 2026 (%)

Figure 5 Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 6 Global Smart Factory Market Y-o-Y Growth, By Type, 2018-2026 (%)

Figure 7 Industrial Robotics: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 8 Control Devices: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 9 Machine Vision System: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 10 Communication Technology: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 11 Sensors: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 12 Global Smart Factory Market Y-o-Y Growth, By Technology, 2018-2026 (%)

Figure 13 Production lifecycle management: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 14 Enterprise resource planning: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 15 Distributed control system: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 16 programmable logic control: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 17 Manufacturing Execution systems: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 18 SCADA: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 19 Others (HMI, SCARA): Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 20 Global Smart Factory Market Y-o-Y Growth, By End User, 2018-2026 (%)

Figure 21 Chemicals Industry: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 22 Oil and Gas industry: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 23 Aerospace: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 24 Automotive industry: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 25 Mining Industry: Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 26 Others (Defense, consumer elctronics): Global Smart Factory Market Value, 2017-2026 ($ Million)

Figure 27 Global Smart Factory Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 28 North America Smart Factory Market Value, 2017-2026 ($ Million)

Figure 29 North America Smart Factory Market Share, By Type, 2018 & 2026 (%)

Figure 30 North America Smart Factory Market Share, By Technology, 2018 & 2026 (%)

Figure 31 North America Smart Factory Market Share, By End User, 2018 & 2026 (%)

Figure 32 North America Smart Factory Market Share, By Country, 2018 & 2026 (%)

Figure 33 South America Smart Factory Market Value, 2017-2026 ($ Million)

Figure 34 South America Smart Factory Market Share, By Type, 2018 & 2026 (%)

Figure 35 South America Smart Factory Market Share, By Technology, 2018 & 2026 (%)

Figure 36 South America Smart Factory Market Share, By End User, 2018 & 2026 (%)

Figure 37 South America Smart Factory Market Share, By Country, 2018 & 2026 (%)

Figure 38 Europe Smart Factory Market Value, 2017-2026 ($ Million)

Figure 39 Europe Smart Factory Market Share, By Type, 2018 & 2026 (%)

Figure 40 Europe Smart Factory Market Share, By Technology, 2018 & 2026 (%)

Figure 41 Europe Smart Factory Market Share, By End User, 2018 & 2026 (%)

Figure 42 Europe Smart Factory Market Share, By Country, 2018 & 2026 (%)

Figure 43 Asia-Pacific Smart Factory Market Value, 2017-2026 ($ Million)

Figure 44 Asia-Pacific Smart Factory Market Share, By Type, 2018 & 2026 (%)

Figure 45 Asia-Pacific Smart Factory Market Share, By Technology, 2018 & 2026 (%)

Figure 46 Asia-Pacific Smart Factory Market Share, By End User, 2018 & 2026 (%)

Figure 47 Asia-Pacific Smart Factory Market Share, By Country, 2018 & 2026 (%)

Figure 48 Middle East & Africa Smart Factory Market Value, 2017-2026 ($ Million)

Figure 49 Middle East & Africa Smart Factory Market Share, By Type, 2018 & 2026 (%)

Figure 50 Middle East & Africa Smart Factory Market Share, By Technology, 2018 & 2026 (%)

Figure 51 Middle East & Africa Smart Factory Market Share, By End User, 2018 & 2026 (%)

Figure 52 Siemens AG: Financials

Figure 53 Schneider Electric SE: Financials

Figure 54 Honeywell International: Financials

Figure 55 Robert Bosch GmbH: Financials

Figure 56 Rockwell Automation: Financials

Figure 57 ABB Ltd: Financials

Figure 58 General Electric: Financials

Figure 59 General Dynamics Corporation: Financials

Figure 60 Invensys PLC: Financials

Figure 61 Mitsubishi Electric Co: Financials

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