Global Smart Factory Market was valued at USD 150.0 billion in 2019 and is predicted to reach USD 240.0 billion by 2025, growing at a CAGR of 9.9% during the forecast period (2020-2025)

Published Date: Nov, 2020

The report "Smart Factory Market by Technology (Distributed Control System [DCS], Programmable Logic Controller [PLC], Manufacturing Execution System [MES], Enterprise Resource Planning [ERP], Supervisory Control and Data Acquisition [SCADA], Plant Asset Management [PAM], Human–Machine Interface [HMI], Product Life Cycle Management [PLM]), by Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), by Application (Automotive, Aerospace & Defense, Food & Beverage, Electrical & Electronics, Energy & Power) - Global Forecast to 2025", market was valued at USD 150.0 billion in 2019 and is predicted to reach USD 240.0 billion by 2025, growing at a CAGR of 9.9% during the forecast period. Some of the major factors responsible for the growth of smart factory across the globe are growing use of enabling technologies in manufacturing, growing adoption of industrial robots in manufacturing sector driven by collaborative robots, evolution of the Internet of Things (IoT) and connected enterprise, along with large scale production to cater to growing population.

Browse 53 market data Tables and 35 Figures spread through 160 Pages and in-depth TOC on "Smart Factory Market by Technology (Distributed Control System [DCS], Programmable Logic Controller [PLC], Manufacturing Execution System [MES], Enterprise Resource Planning [ERP], Supervisory Control and Data Acquisition [SCADA], Plant Asset Management [PAM], Human–Machine Interface [HMI], Product Life Cycle Management [PLM]), by Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), by Application (Automotive, Aerospace & Defense, Food & Beverage, Electrical & Electronics, Energy & Power) - Global Forecast to 2025"

On the basis of application, the smart factory market is categorized into automotive, aerospace & defense, food & beverage, electrical & electronics, and energy & power. During the forecast period, the automotive industry segment is expected to be largest among all the segments. Smart factory enhances the quality of the vehicle and also increase the productivity of the factory.

Global Smart Factory Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Distributed Control System [DCS], Programmable Logic Controller [PLC], Manufacturing Execution System [MES], Enterprise Resource Planning [ERP], Supervisory Control and Data Acquisition [SCADA], Plant Asset Management [PAM], Human–Machine Interface [HMI], Product Life Cycle Management [PLM]

Manufacturing Execution System (Largest)

Component

Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing

Industrial Robots (Largest)

Application

Automotive, Aerospace & Defense, Food & Beverage, Electrical & Electronics, Energy & Power

Automotive (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

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“North America to hold the largest regional market share in 2019.”

North America is the largest revenue contributor in the smart factory market. This is due to the growing adoption of intelligent manufacturing & supply chain technologies across various industries in the region. The industrial sector in North America is experiencing huge demand for automated and robotic systems for conducting different operational tasks at manufacturing and warehouse units to increase production. The automobile giants such as BMW, and Audi are doing investments in the field of factory automation operations to minimize production cycles and save costs.

Some of the major players in the global smart factory market include General Electric, Honeywell International Inc., ABB, Emerson Electric, Robert Bosch GmbH, Schneider Electric, Rockwell Automation, FANUC, Yokogawa Electric, and Siemens.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Technology, Component, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

General Electric, Honeywell International Inc., ABB, Emerson Electric, Robert Bosch GmbH, Schneider Electric, Rockwell Automation, FANUC, Yokogawa Electric, and Siemens

Global Smart Factory Market Coverage

Technology Insight and Forecast 2015-2025

  • Distributed Control System (DCS)
  • Programmable Logic Controller (PLC)
  • Manufacturing Execution System (MES)
  • Enterprise Resource Planning (ERP)
  • Supervisory Control and Data Acquisition (SCADA)
  • Plant Asset Management (PAM)
  • Human–Machine Interface (HMI)
  • Product Life Cycle Management (PLM)

Component Insight and Forecast 2015-2025

  • Sensors
  • Industrial Robots
  • Machine Vision Systems
  • Industrial 3D Printing

Application Insight and Forecast 2015-2025

  • Automotive
  • Aerospace & Defense
  • Food & Beverage
  • Electrical & Electronics

Geographical Segmentation

Smart Factory Market by Region

North America

  • By Technology
  • By Component
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Component
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Component
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Component
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
Our Industry
Global Smart Factory Market was valued at USD 150.0 billion in 2019 and is predicted to reach USD 240.0 billion by 2025, growing at a CAGR of 9.9% during the forecast period (2020-2025)