Global Smart Factory Market

  • Product Code:
    RP-ID-10065221
  • Published Date:
    17 Jul 2021
  • Region:
    Global
  • Pages:
    186
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-19

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

A smart factory represents a flexible environment wherein systems can run autonomously by themselves and self-optimize performance. It is being touted as Industry 4.0 where the backbone of this trend would be networking and internet. The 4 design principles of a smart factory would be interoperability, information transparency, technical assistance and decentralized decisions. A smart factory would include cyber physical systems, Internet of Things, cloud computing and cognitive computing. The concept of smart factory visualizes that every step of the manufacturing process can be interconnected. It would include entire technical integration of systems across product lifecycles, supply and value chains, functional hierarchies and geographic boundaries.


Market Dynamics:
Factors like technology, optimization and sustainability are shaping the manufacturing industry. On the technology front, the enabling and advancement of technologies like Internet of Things (IoT), data analytics, cloud based application infrastructure and middleware, smart robotics, additive manufacturing, integrated product-product simulation is primarily driving the smart factory market. Tracking multi geographic and multi plant operations and the growing need for centralization is also shaping the growth of this market.
The critical challenges facing the evolution of the smart factory market are the design of the process landscape, identification of new employee profiles, re-skilling of the employees and the complexity and the expense of the networking subsystems. The associated cyber risk and the lack of proper cyber security infrastructure can also dampen the growth of this market.


Market Segmentation:
The Global Smart Factory market can be segmented on the basis of technology, component and end user industry.
Technology:
Programmable Logic Controller
Distributed Control System
Human Machine Interface
Supervisory Control and Data Acquisition System
Enterprise Resource Planning
Plant Asset Management
Product Lifecycle Management
Manufacturing Execution Systems
Component:
Industrial robots
Sensors
Machine vision systems
3D Printing

End user industry:
Process Industry
Food and Beverages
Oil and Gas
Chemical
Pharmaceutical
Pulp and paper
Mining and Metals
Energy and Power
Cement and Glass

Discrete
Aerospace and Defence
Automotive
Semiconductor and Electronics
Medical devices
Machine Manufacturing
Printing and Fabrication
Packaging



Geographical Analysis:
Geographically, the market is segmented into North America, Asia Pacific, Europe and South America. Enhancement of digital technologies in emerging markets like China and India have made the Asia Pacific region the fastest growing market. The development of manufacturing sector and favourable government regulations have made APAC a very lucrative market. Geographically, North America is the largest market for Smart Factory because of the presence of already established multinational corporations. Europe is the 2nd largest market after North America as it is the origin of Industry 4.0.


Key Players:
Some of the key companies in Global Smart Factory market are ABB, Siemens AG, General Electric, Mitsubishi Electric, Cisco, IBM, SAP, Honeywell, Bosch, Rockwell Automation, Schneider Electric and Yokogawa Electric Corporation.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
 

 


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.

Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports