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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 2030", the market was valued at USD 152.0 billion in 2023 and is predicted to reach USD 247.0 billion by 2030, growing at a CAGR of 10.1% during the forecast period. Some of the major factors responsible for the growth of smart factories across the globe are the growing use of enabling technologies in manufacturing, the growing adoption of industrial robots in the manufacturing sector driven by collaborative robots, the evolution of the Internet of Things (IoT), and connected enterprise, along with large scale production to cater to a 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 2030"

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 the 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 and Key Players

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“North America to hold the largest regional market share in 2021.”

North America is the largest revenue contributor to 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.

Global Smart Factory Market Coverage

Technology Insight and Forecast 2025-2030

• 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 2025-2030

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

Application Insight and Forecast 2025-2030

• 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 the Rest of Europe

Asia-Pacific (APAC)

• By Technology
• By Component
• By Application
• By Country – China, Japan, India, South Korea, and the 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