HOME Top Market Reports Smart Factory Market by Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI), Component (Sensors & Actuators, Communication Technologies, Industrial Robotics, Machine Vision), Industry (Process, Discrete), and Geography - Global Forecast to 2022

Smart Factory Market by Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI), Component (Sensors & Actuators, Communication Technologies, Industrial Robotics, Machine Vision), Industry (Process, Discrete), and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: SE 3068

 

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The smart factory market size, in terms of value, is expected to reach USD 74.80 Billion by 2022, at a CAGR of 10.4% between 2016 and 2022. Though the smart factory market is currently dominated by the discrete industry, the market for the process industry is expected to gain traction and grow at the highest CAGR during the forecast period. This report forecasts the market size and future growth potential of the market across different segments such as technology, component, industry, and region. The base year considered for the study is 2015 and the forecast period is from 2016 and 2022.

The research methodology used to estimate and forecast the smart factory market begins with gathering data on key vendor revenues through secondary research. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global smart factory market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews of key industry people, including CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the figure below:

Smart Factory Market

To know about the assumptions considered for the study, download the pdf brochure

The key players in the smart factory market include FANUC Corporation, Siemens AG, ABB Ltd., Honeywell International, Inc., and Yokogawa Electric Corp. among others. These players have adopted various strategies such as partnerships, agreements, contracts, mergers & acquisitions, and new product developments to achieve growth in the global market.

Key Target Audience

  • Semiconductor product designers and fabricators
  • Raw material & manufacturing equipment suppliers
  • Hardware & software manufacturers
  • Government and financial institutions
  • Manufacturing execution system (MES) players
  • Product lifecycle management (PLM) players
  • Original equipment manufacturers (OEMs)
  • Distributors and retailers
  • Automation product manufacturers
  • Research organizations
  • Technology standard organization, forums, alliances, and associations
  • Technology investors

Scope of the Report

The research report segments the smart factory market into the following submarkets:

By Technology:

  • PLM
  • MES
  • PLC
  • SCADA
  • ERP
  • DCS
  • HMI

By Component:

  • Sensors & Actuators
  • Communication Technologies
  • Industrial Robotics
  • Machine Vision
  • Control Devices
  • Control Valves

By Industry:

  • Process
  • Discrete

By Region:

  • Americas
  • Europe
  • APAC
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
  • Additional regional analysis

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Demand-Side Analysis of Smart Factory Market
                    2.2.1.1 Trend of Optimizing the Resource Usage
                    2.2.1.2 Paradigm Shift of Industry
                    2.2.1.3 Convergence of Information Technology in Manufacturing Processes
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Share Estimation
    2.5 Market Breakdown and Data Triangulation
    2.6 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Market Opportunities for Smart Factory
    4.2 Smart Factory Market, By Process Industry
    4.3 Market, By Discrete Industry
    4.4 The Market in APAC Held A Major Share of the Overall Smart Factory Market in 2015
    4.5 Market, By Technology
    4.6 Market, By Component

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Technology
           5.3.2 By Component
           5.3.3 By Industry
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Adoption of Iot and Advancements in the M2m Communication Technology in the Industrial Sector
                    5.4.1.2 Growing Focus on Energy Saving and Improving Process Efficiency
                    5.4.1.3 Various Government Regulations Across Regions
                    5.4.1.4 Enhanced Factory Visibility and Proactive Maintenance
                    5.4.1.5 Connected Supply Chain and Increased Manufacturing
           5.4.2 Restraints
                    5.4.2.1 Shortage of Skilled Workforce
                    5.4.2.2 Huge Capital Requirement to Shift From Traditional Manufacturing to Smart Manufacturing
                    5.4.2.3 Sensitive Cyber-Physical System Security Threat
           5.4.3 Opportunities
                    5.4.3.1 Evolvement of Industrial Revolution 4.0
                    5.4.3.2 Emerging Manufacturing Market Opportunities for It Vendors
                    5.4.3.3 Increased Scope for Refurbished Industrial Robots
                    5.4.3.4 Potential for Technologies Such as RFID and Wired and Wireless Devices
           5.4.4 Challenges
                    5.4.4.1 Lack of Standardization in Equipment
                    5.4.4.2 Dynamic Market Environment
           5.4.5 Burning Issues

6 Industry Trends (Page No. - 56)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Leading Trends in the Smart Factory Market
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Market By Technology (Page No. - 65)
    7.1 Introduction
    7.2 Product Life Cycle Management
    7.3 Manufacturing Execution System
    7.4 Programmable Logic Controller
    7.5 Supervisory Control and Data Acquisition
    7.6 Enterprise Resource Planning
    7.7 Distributed Control System
    7.8 Human Machine Interface

8 Market,By Component (Page No. - 89)
    8.1 Introduction
    8.2 Sensors & Actuators
    8.3 Communication Technologies
           8.3.1 Wired Technologies
                    8.3.1.1 Ethernet
                    8.3.1.2 Fieldbus
                    8.3.1.3 Profibus
                    8.3.1.4 Wired Hart
           8.3.2 Wireless Technologies
                    8.3.2.1 RFID
                    8.3.2.2 Wi-Fi
                    8.3.2.3 Bluetooth
                    8.3.2.4 Wirelesshart
    8.4 Industrial Robotics
           8.4.1 Jointed-Arm Robots
           8.4.2 Cartesian Robots
           8.4.3 Selective Compliance Assembly Robot Arms
           8.4.4 Cylindrical Robots
           8.4.5 Other Robots
    8.5 Machine Vision
           8.5.1 Camera
                    8.5.1.1 Digital Camera
                    8.5.1.2 Smart Camera
           8.5.2 Frame Grabbers, Optics, and Led Lighting
           8.5.3 Processors and Software
    8.6 Control Devices
           8.6.1 Drives
           8.6.2 Relays and Switches
           8.6.3 Servo Motors
    8.7 Control Valves
           8.7.1 Plug Valve
           8.7.2 Ball Valve
           8.7.3 Butterfly Valve
           8.7.4 Gate Valve
           8.7.5 Globe Valve
           8.7.6 Diaphragm Valve
           8.7.7 Others

9 Market By Industry (Page No. - 115)
    9.1 Introduction
    9.2 Process Industry
           9.2.1 Oil & Gas
           9.2.2 Chemical
           9.2.3 Paper & Pulp
           9.2.4 Pharmaceuticals
           9.2.5 Mining & Metals
           9.2.6 Food & Beverages
           9.2.7 Petrochemicals & Fertilizers
           9.2.8 Others
    9.3 Discrete Industry
           9.3.1 Automotive
           9.3.2 Machine Manufacturing
           9.3.3 Electrical & Electronics
           9.3.4 Aerospace & Defense
           9.3.5 Others

10 Market,By Geography (Page No. - 128)
     10.1 Introduction
     10.2 Americas
              10.2.1 Americas: A Lucrative Market for Smart Factory
              10.2.2 North America
                         10.2.2.1 U.S.

                         10.2.2.2 Canada
                                10.2.2.2.1 Lower Adoption Rate of Smart Factory Solutions as Compared to the U.S.
                         10.2.2.3 Mexico
                                10.2.2.3.1 Estimated to Grow at the Highest Rate in the Smart Factory Market During the Forecast Period
              10.2.3 South America
                         10.2.3.1 Focusing on Smart Manufacturing and Growing Significantly
     10.3 Europe
              10.3.1 Europe: One of the Early Adopters of Industry 4.0
              10.3.2 U.K.
                         10.3.2.1 U.K.: More Companies Expected to Adopt Smart Factory in the Future
              10.3.3 Germany
                         10.3.3.1 Germany: A Substantially Mature Market
              10.3.4 France
                         10.3.4.1 France: Strong Economy Expected to Drive Future Growth
              10.3.5 Italy
                         10.3.5.1 Italy: Manufacturers Focus on Smart Factory to Improve Productivity and Contribute to the Economic Growth
              10.3.6 Rest of Europe
                         10.3.6.1 Rest of Europe: Spain, an Emerging Market With Significant Potential
     10.4 APAC
              10.4.1 APAC: Expected to Drive the Smart Factory Market
              10.4.2 China
                         10.4.2.1 China: Fastest Growing Smart Factory Market in APAC
              10.4.3 Japan
                         10.4.3.1 Japan: Significant Market Share in 2015
              10.4.4 South Korea
                         10.4.4.1 South Korea: Increase in Facility Investment Expected to Boost the Growth of the Market
              10.4.5 India
                         10.4.5.1 India: Flourishing Automotive Market Increasing the Scope for Smart Factory Adoption in India
              10.4.6 Rest of APAC
                         10.4.6.1 Rest of APAC: Australia, an Emerging Market for Smart Manufacturing
     10.5 Rest of the World (RoW)
              10.5.1 RoW: Developing Smart Factory Market
              10.5.2 Middle East
                         10.5.2.1 Middle East: Large Number of Oil Reserves
              10.5.3 Africa
                         10.5.3.1 Africa: Rapidly Growing Market for Smart Factory in RoW

11 Competitive Landscape (Page No. - 146)
     11.1 Overview
     11.2 Market Ranking Analysis of the Smart Factory Market
     11.3 Competitive Situation and Trends
              11.3.1 New Product Launches/New Product Developments
              11.3.2 Mergers & Acquisitions
              11.3.3 Partnerships & Agreements
              11.3.4 Other Developments

12 Company Profiles (Page No. - 154)
(Overview, Products & Services, Strategies & Insights, Developments and Mnm View )*
     12.1 Introduction
     12.2 Fanuc Corp.
     12.3 Siemens AG
     12.4 ABB Ltd.
     12.5 Honeywell International, Inc.
     12.6 Yokogawa Electric Corp.
     12.7 Schnieder Electric
     12.8 Atos SE
     12.9 Emerson Electric Company
     12.10 Freescale Semiconductor, Ltd.
     12.11 General Electric Company
     12.12 Johnson Controls, Inc.
     12.13 Robert Bosch GmbH
     12.14 Rockwell Automation, Inc.
     12.15 Kuka Aktiengesellschaft

*Details on Marketsandmarkets View, Overview, Products & Services, Financials and Strategy & Analyst Insights Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 196)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (72 Tables)

Table 1 Smart Factory Market, Based on Technology, By Industry,2013–2022 (USD Billion)
Table 2 Market, Based on Component, By Industry,2013–2022 (USD Billion)
Table 3 Market, By Region, 2013–2022 (USD Billion)
Table 4 Market, By Technology
Table 5 Market, By Component
Table 6 Market, By Industry
Table 7 Analysis of Drivers
Table 8 Analysis of Restraints
Table 9 Analysis of Opportunities
Table 10 Analysis of Challenges
Table 11 Market, By Segment, 2013–2022 (USD Billion)
Table 12 Market, By Technology, 2013–2022 (USD Billion)
Table 13 Smart Factory Market, Based on Technology, By Industry,2013–2022 (USD Billion)
Table 14 Market, Based on Technology, By Process Industry, 2013–2022 (USD Billion)
Table 15 Market, Based on Technology, By Discrete Industry, 2013–2022 (USD Billion)
Table 16 PLM Technology Market, By Industry, 2013–2022 (USD Million)
Table 17 PLM Technology Market, By Process Industry, 2013–2022 (USD Million)
Table 18 PLM Technology Market, By Discrete Industry, 2013–2022 (USD Million)
Table 19 MES Technology Market, By Industry, 2013–2022 (USD Million)
Table 20 MES Technology Market, By Process Industry, 2013–2022 (USD Million)
Table 21 MES Technology Market, By Discrete Industry, 2013–2022 (USD Million)
Table 22 PLC Technology Market, By Industry, 2013–2022 (USD Million)
Table 23 PLC Technology Market, By Process Industry, 2013–2022 (USD Million)
Table 24 PLC Technology Market, By Discrete Industry, 2013–2022 (USD Million)
Table 25 SCADA Technology Market, By Industry, 2013–2022 (USD Million)
Table 26 SCADA Technology Market, By Process Industry,2013–2022 (USD Million)
Table 27 SCADA Technology Market, By Discrete Industry,2013–2022 (USD Million)
Table 28 ERP Technology Market, By Industry, 2013–2022 (USD Million)
Table 29 ERP Technology Market, By Process Industry, 2013–2022 (USD Million)
Table 30 ERP Technology Market, By Discrete Industry, 2013–2022 (USD Million)
Table 31 DCS Technology Market, By Industry, 2013–2022 (USD Million)
Table 32 DCS Technology Market, By Process Industry, 2013–2022 (USD Million)
Table 33 HMI Technology Market, By Industry, 2013–2022 (USD Million)
Table 34 HMI Technology Market, By Process Industry, 2013–2022 (USD Million)
Table 35 HMI Technology Market, By Discrete Industry, 2013–2022 (USD Million)
Table 36 Smart Factory Market, By Component, 2013–2022 (USD Billion)
Table 37 Market, Based on Component, By Industry,2013–2022 (USD Billion)
Table 38 Market, Based on Component, By Process Industry, 2013–2022 (USD Billion)
Table 39 Smart Factory Market, Based on Component, By Discrete Industry, 2013–2022 (USD Billion)
Table 40 Sensors & Actuators Market, By Industry, 2013–2022 (USD Million)
Table 41 Sensors & Actuators Market, By Process Industry,2013–2022 (USD Million)
Table 42 Sensors & Actuators Market, By Discrete Industry,2013–2022 (USD Million)
Table 43 Communication Technologies Market, By Industry,2013–2022 (USD Million)
Table 44 Communication Technologies Market, By Process Industry,2013–2022 (USD Million)
Table 45 Communication Technologies Market, By Discrete Industry,2013–2022 (USD Million)
Table 46 Industrial Robotics Market, By Industry, 2013–2022 (USD Million)
Table 47 Industrial Robotics Market, By Process Industry,2013–2022 (USD Million)
Table 48 Industrial Robotics Market, By Discrete Industry,2013–2022 (USD Million)
Table 49 Machine Vision Market, By Industry, 2013–2022 (USD Million)
Table 50 Machine Vision Market, By Process Industry, 2013–2022 (USD Million)
Table 51 Machine Vision Market, By Discrete Industry, 2013–2022 (USD Million)
Table 52 Control Devices Market, By Industry, 2013–2022 (USD Million)
Table 53 Control Devices Market, By Process Industry, 2013–2022 (USD Million)
Table 54 Control Devices Market, By Discrete Industry, 2013–2022 (USD Million)
Table 55 Control Valves Market, By Industry, 2013–2022 (USD Million)
Table 56 Control Valves Market, By Process Industry, 2013–2022 (USD Million)
Table 57 Smart Factory Market for the Process Industry, By Technology,2013–2022 (USD Million)
Table 58 Market for the Process Industry, By Component,2013–2022 (USD Billion)
Table 59 Market for the Process Industry, By Segment,2013–2022 (USD Billion)
Table 60 Market for the Discrete Industry, By Technology, 2013–2022 (USD Million)
Table 61 Market for the Discrete Industry, By Component,2013–2022 (USD Billion)
Table 62 Market for the Discrete Industry, By Segment,2013–2022 (USD Billion)
Table 63 Market, By Region, 2013–2022 (USD Billion)
Table 64 Americas: Smart Factory Market, By Region, 2013–2022 (USD Billion)
Table 65 North America: Smart Factory Market, By Country,2013–2022 (USD Billion)
Table 66 Europe: Smart Factory Market, By Country, 2013–2022 (USD Billion)
Table 67 APAC: Smart Factory Market, By Country, 2013–2022 (USD Billion)
Table 68 RoW: Smart Factory Market, By Region, 2013–2022 (USD Million)
Table 69 New Product Launches
Table 70 Mergers & Acquisitions
Table 71 Partnerships, Contracts, Agreements, and Joint Ventures
Table 72 Other Strategies
 
 
List of Figures (101 Figures)
 
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Benefits of Using Smart Manufacturing
Figure 4 Process Flow of Market Size Estimation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown & Data Triangulations
Figure 8 Market, 2013–2022 (USD Billion)
Figure 9 Market, By Segment, 2013–2022 (USD Billion)
Figure 10 Market, By Technology, 2013–2022 (USD Billion)
Figure 11 Market, By Component, 2016 vs. 2022 (USD Billion)
Figure 12 Smart Factory Market, By Industry, 2016 vs. 2022 (USD Billion)
Figure 13 China is Expected to Grow at the Highest CAGR Between2016 and 2022 in the Dominant APAC Smart Factory Market
Figure 14 Market Expected to Exhibit A High Growth Rate Between 2016 and 2022
Figure 15 Market for Pharmaceuticals Industry Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 16 Market for Automotive Industry Held the Highest Share in 2015
Figure 17 Market in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 HMI Market Expected to Grow at the Highest CAGR Between2016 and 2022
Figure 19 Machine Vision Market Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 20 Emergence of Smart Factory in the Market
Figure 21 Smart Factory Market Segmentation
Figure 22 Market, By Region
Figure 23 Market: Drivers, Restraints, Opportunities,And Challenges
Figure 24 Relationship of Internet-Based Technologies With Smart Factory
Figure 25 Industry 4.0 – Nine Technologies to Transform Industrial Production
Figure 26 Major Value Added During System Integration and Automation and Instrumentation Phase
Figure 27 Cyber Physical Production System: the Leading Trend in the Market
Figure 28 Porter’s Five Forces Analysis, 2015
Figure 29 Buyers’ Bargaining Power Remained High in 2015 Due to the Presence of Several Players
Figure 30 Impact of Threat of New Entrants Remained Medium
Figure 31 Impact of Threat of Subsitutes Remained Low
Figure 32 Brand Value and Number of Suppliers Highly Effected the Suppliers’ Bargaining Power
Figure 33 Buyers Had A Limited Choice During Upgrades Due to Compatibility Issues
Figure 34 The Inensity of Competitive Rivalry Remained High
Figure 35 Global Market, By Technology
Figure 36 Market, By Segment, 2016 vs. 2022 (USD Billion)
Figure 37 HMI Technology is Expected to Grow at the Highest CAGR in the Smart Factory Technology Market Between 2016 to 2022
Figure 38 Market, Based on Technology, By Industry,2016 vs. 2022 (USD Billion)
Figure 39 Pharmaceuticals Industry Expected to Grow at the Highest CAGR in the Smart Factory Technology Market By Process IndustryBetween 2016 to 2022
Figure 40 Automotive Industry Held the Highest Market Share in the Smart Factory Technology Market By Discrete Industry in 2015
Figure 41 PLM Technology Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 42 MES Technology Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 43 PLC Technology Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 44 SCADA Technology Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 45 ERP Technology Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 46 HMI Technology Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 47 Smart Factory Market, By Component
Figure 48 Machine Vision is Expected to Grow at the Highest CAGR in the Smart Factory Component Market
Figure 49 Market, Based on Component, By Industry,2016 vs. 2022 (USD Billion)
Figure 50 Mining & Metals Industry Expected to Grow at the Highest CAGR in the Smart Factory Component Market By Process Industry Between2016 to 2022
Figure 51 Aerospace & Defense Industry is Expected to Grow at the Highest CAGR in the Smart Factory Component Market By Discrete Industry
Figure 52 Sensors & Actuators Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 53 Types of Communication Technologies Used in Smart Factory
Figure 54 Communication Technologies Market, By Industry,2016 vs. 2022 (USD Million)
Figure 55 Industrial Robotics Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 56 Smart Factory Market, By Machine Vision
Figure 57 Machine Vision Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 58 Control Devices Market, By Industry, 2016 vs. 2022 (USD Million)
Figure 59 Global Smart Factory Market, By Industry
Figure 60 Market for the Process Industry, By Technology,2016 vs. 2022 (USD Million)
Figure 61 Market for the Process Industry, By Component,2016 vs. 2022 (USD Billion)
Figure 62 Market for the Process Industry, By Segment,2016 vs. 2022 (USD Billion)
Figure 63 Smart Factory Market for the Discrete Industry, By Technology,2016 vs. 2022 (USD Million)
Figure 64 Market for the Discrete Industry, By Component,2016 vs. 2022 (USD Billion)
Figure 65 Market for the Discrete Industry, By Segment,2016 vs. 2022 (USD Billion)
Figure 66 Market, By Geography
Figure 67 Geographic Snapshot of the Market: China and India Emerging as New Hotspots in APAC Smart Factory Market
Figure 68 APAC Expected to Hold the Largest Share of the Smart Factory Market By 2022
Figure 69 Snapshot of the Smart Factory Market in the Americas
Figure 70 Americas: Smart Factory Market, By Region, 2016 vs. 2022 (USD Billion)
Figure 71 U.S. Held the Largest Market Share in the North America Smart Factory Market in 2015
Figure 72 Europe: Smart Factory Market, By Country, 2016 vs. 2022 (USD Billion)
Figure 73 Snapshot of the Smart Factory Market in APAC (China, the Most Lucrative Market in 2015)
Figure 74 APAC: Smart Factory Market, By Country, 2016 vs. 2022 (USD Billion)
Figure 75 RoW: Smart Factory Market, By Country, 2016 vs. 2022 (USD Billion)
Figure 76 Companies Adopted New Product Developments and Partnerships & Agreements as the Key Growth Strategies Between 2013 and 2015
Figure 77 Honeywell International, Inc. Grew at the Highest Rate Between2012 and 2014
Figure 78 Key Player Market Ranking, 2014
Figure 79 Market Evolution Framework—Strategy of New Product Lauches Fueled Growth and Innovation in Smart Factory MarketFrom 2013 to 2015
Figure 80 Battle for Market Share: New Product Launches and Partnerships & Agreements Were the Key Strategies for the Period 2013 – 2015
Figure 81 Geographic Revenue Mix of Top 5 Market Players (2014)
Figure 82 Fanuc Corporation : Company Snapshot
Figure 83 Fanuc Corporation: SWOT Analysis
Figure 84 Siemens AG: Company Snapshot
Figure 85 Siemens AG : SWOT Analysis
Figure 86 ABB Ltd.: Company Snapshot
Figure 87 ABB Ltd.: SWOT Analysis
Figure 88 Honeywell International, Inc.: Company Snapshot
Figure 89 Honeywell International, Inc.: SWOT Analysis
Figure 90 Yokogawa Electric Corp.: Company Snapshot
Figure 91 Yokogawa Electric Corp.: SWOT Analysis
Figure 92 Schneider Electric: Company Snapshot
Figure 93 Schneider Electric: SWOT Analysis
Figure 94 Atos SE: Company Snapshot
Figure 95 Emerson Electric Company: Company Snapshot
Figure 96 Freescale Semiconductor, Ltd.: Company Snapshot
Figure 97 General Electric Company: Company Snapshot
Figure 98 Johnson Controls, Inc.: Company Snapshot
Figure 99 Robert Bosch GmbH: Company Snapshot
Figure 100 Rockwell Automation, Inc.: Company Snapshot
Figure 101 Kuka Aktiengesellschaft : Company Snapshot

According to the MarketsandMarkets forecast, the smart factory market size, in terms of value, is expected to reach USD 74.80 Billion by 2022, at a CAGR of 10.4% between 2016 and 2022. Factors that drive the growth of the smart factory market include integration of engineering and manufacturing by the adoption of IoT and advancements in M2M communication in the industrial sector. Smart manufacturing helps in improving the energy efficiency of the processes. Companies adopt smart factory solutions to visualize and optimize the value chain and processes across their plants, identify all the loop holes, and optimize the energy usage.

The scope of this report covers the smart factory market, segmented on the basis of technology, component, industry, and geography. The ERP technology held the largest share of the market, based on technology, in 2015. ERP facilitates the flow of information among all the business functions inside the boundaries of the organization and manages relations with the outer stakeholders. As SaaS ERP is gaining momentum, the ERP market is expected to gradually shift from a licensed to a subscription model in the next five years. The market for machine vision is expected to grow at the highest rate during the forecast period. The machine vision systems have been increasingly gaining popularity as these are easy to use. Recent advancements in the machine vision technology such as smart cameras have increased the scope of the smart factory market for machine vision for wider applications in the industrial and non-industrial sectors.

The smart factory market has been segmented on the basis of industry into the process and discrete industries. Due to the rapidly changing pattern of consumption and production of goods and services, the demand for smart factory is increasing across both the industries. The market for the pharmaceuticals industry, a subsegment of the process industry, is expected to grow at the highest CAGR between 2016 and 2022. The automotive industry, a subsegment of the discrete industry, held the largest share of the market in 2015 and is expected to dominate the market till 2022.

Smart Factory Market

APAC is expected to hold the largest share and dominate the smart factory market between 2016 and 2022, owing to the growth in the manufacturing sector in China and India. The geographical expansion of key automotive manufacturers in APAC is also creating new opportunities for the market in this region.

However, one of the restraining factors in the transition toward smart manufacturing is cost, which includes the expenses involved in upgrading legacy systems. The shortage of skilled workforce in the manufacturing sector and sensitive cyber-physical system security threat also restrain the growth of the smart factory market. In addition, a central problem of different interfaces and protocols of industrial devices & equipment is the lack of standardization in equipment, which results in the misinterpretation of data. This may lead to cases of mismatch occurring in majority of the existing databases.

The key players in the smart factory market include FANUC Corporation, Siemens AG, ABB Ltd., Honeywell International, Inc., and Yokogawa Electric Corp. among others. These players have adopted various strategies such as partnerships, agreements, contracts, mergers & acquisitions, and new product developments to achieve growth in the global market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Customization Problem Statement :

Smart Factory Market Size in Discreet and Process Manufacturing

Solution Provided:

In this customization, MnM presented the Smart Factory Market by segmenting it into the following two t....

In this customization, MnM presented the Smart Factory Market by segmenting it into the following two types of manufacturing – Discreet and Process.

These two types were further sub-divided into the subsequent applications as given below –

Discreet Manufacturing

  • Automotive
  • Electrical and Electronics
  • Others

Process Manufacturing

  • Materials and Mining
  • Food & Beverages
  • Pharmaceuticals
  • Others
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