Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printing, Machine Vision Systems), Solution (SCADA, Manufacturing Execution Systems (MES), Plant Asset Management (PAM), Industrial Safety) - Global Forecast to 2030

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USD 169.73 Billion BN
MARKET SIZE, 2030
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CAGR 10.2%
(2025-2030)
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372
REPORT PAGES
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337
MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The global smart factory market is anticipated to grow significantly from USD 104.42 billion in 2025 to USD 169.73 billion by 2030, at a CAGR of 10.2%. The growing need for automation, heightened emphasis on operational efficiency, and the requirement for immediate data insights propel market expansion. Advances in industrial IoT, artificial intelligence, robotics, and digital twin technologies are boosting productivity, facilitating predictive maintenance, and optimizing manufacturing processes in industries such as automotive, electronics, and pharmaceuticals.

KEY TAKEAWAYS

  • BY COMPONENT
    Industrial sensors account for the largest market share, owing to their ability to enable real-time data acquisition, condition monitoring, and process optimization across connected manufacturing systems. Industrial 3D Printers are projected to register the fastest growth, driven by their increasing adoption for rapid prototyping, customized part production, and design flexibility across automotive, aerospace, and electronics industries.
  • BY SOLUTION
    Manufacturing execution systems (MES) dominate the market, as these systems play a central role in managing production operations, quality control, and process optimization. Plant asset management (PAM) is expected to grow at the highest rate, fueled by the rising need for predictive maintenance and lifecycle management of industrial equipment.
  • BY INDUSTRY
    Process industries hold the largest market share, driven by extensive adoption of automation and control systems in sectors such as oil & gas, chemicals, food & beverage, and pharmaceuticals to enhance process safety, efficiency, and regulatory compliance. The medical devices segment is projected to witness the fastest growth, supported by rising demand for high-precision manufacturing, stringent quality standards, and increasing digital transformation in healthcare equipment production.
  • BY REGION
    Asia Pacific is projected to dominate and record the fastest growth due to rapid industrialization, strong electronics manufacturing bases, and government initiatives supporting smart manufacturing in China, Japan, South Korea, and India. Europe and North America are early adopters, driven by Industry 4.0 frameworks and the presence of major automation players.
  • COMPETITIVE LANDSCAPE
    Key players in the smart factory market include ABB (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Rockwell Automation (US), and Schneider Electric (France). These companies focus on developing integrated automation and digitalization solutions, leveraging partnerships, acquisitions, and R&D investments to expand their product portfolios and strengthen their global presence in smart manufacturing ecosystems.

The smart factory market is expected to witness substantial growth over the next decade, driven by the increasing adoption of automation, digitalization, and industrial IoT (IIoT) across manufacturing industries. Smart factories integrate advanced technologies. These technologies enhance productivity, reduce downtime, optimize resource utilization, and enable real-time decision-making, making smart factories the cornerstone of Industry 4.0 transformation.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The smart factory market is shaped by rapid digital transformation and evolving manufacturing priorities. OEMs and industrial producers increasingly adopt IIoT, AI-based analytics, and robotics to enhance production efficiency and flexibility. Shifts such as predictive maintenance, real-time data utilization, and sustainable manufacturing practices directly impact operational costs and productivity for end users. These technological and process disruptions drive greater reliance on connected automation and integration platforms, influencing demand for smart factory solutions and accelerating growth across the industrial automation ecosystem.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Growing emphasis on improving energy efficiency, optimizing resource utilization, and minimizing production costs
  • Growing adoption of industrial robots
RESTRAINTS
Impact
Level
  • High capital investment requirements
  • Cybersecurity threats linked to cyber-physical systems
OPPORTUNITIES
Impact
Level
  • Adoption of 5G in next-generation smart factories
  • Advancements in wireless sensor technologies and their integration into intelligent manufacturing
CHALLENGES
Impact
Level
  • Bridging the gap between IT and OT systems
  • Exposure to cyber threats

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Growing emphasis on improving energy efficiency, optimizing resource utilization, and minimizing production costs

Rising awareness and the importance of conserving energy are expected to be of prime importance in the coming years. Also, increasing energy efficiency and resource optimization offered by components and solutions in the smart factory market are expected to boost growth.

Restraint: High capital investment requirements

High investments are required to upgrade smart factory systems. This makes it difficult for small- and mid-sized enterprises (SMEs) to enter the smart factory market. Skilled professionals are needed for the proper installation of smart factory components and solutions integrated with industrial processes, which again adds to the cost of system installation.

Opportunity: Adoption of 5G in next-generation smart factories

The installation of 5G networks in factories eliminates the need for wired connectivity, enabling a high-speed manufacturing environment with high flexibility and less downtime. It becomes crucial for industries to have a network capable of supporting them in terms of speed, coverage, and reliability. The emergence of 5G networks will provide a one-stop solution for factories and create significant opportunities for smart factories.

Challenge: Bridging the gap between IT and OT systems

The biggest challenge for the implementation of a smart factory is the lack of interoperability between informational technology (IT) and operational technology (OT); IT and OT use different protocols and architectures, which significantly increases the complexity and costs associated with the adoption of smart factories. Most OT systems today work in silos.

Smart Factory Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Intelligent automation systems, robotics, and digital twins to optimize manufacturing and assembly lines Increased operational efficiency, predictive maintenance, reduced downtime, scalable smart factory deployment
Advanced process control, industrial IoT (IIoT) platforms, and real-time data analytics for production lines Enhanced productivity, real-time visibility, improved decision-making, reduced operational costs
Connected factory solutions integrating sensors, analytics, and cybersecurity for end-to-end automation Improved plant safety, better asset management, energy efficiency, and enhanced regulatory compliance
Smart manufacturing systems using edge computing, industrial control, and AI-based analytics Faster time to market, real-time optimization, agile production, reduced waste
EcoStruxure platform enabling smart energy management and automation across manufacturing environments Sustainable operations, lower energy consumption, improved machine uptime, integrated systems control

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The smart factory market is supported by a well-established ecosystem of solution providers spanning hardware, software, and services. Key players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), and General Electric (US). These companies offer integrated solutions combining automation, industrial IoT, cloud computing, and AI to transform traditional manufacturing environments. The strong footprint of these global technology leaders highlights the rising adoption of smart manufacturing practices to improve productivity, flexibility, and operational intelligence.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Smart Factory Market, by Component

The industrial sensors segment is estimated to account for the largest share of the smart factory market. Sensors are essential components of smart factory solutions. They detect and respond to several parameters (temperature, level, pressure, and moisture) in physical environments and convert them into signals. The growth of the industrial sensors segment is driven by the rising adoption of Industry 4.0 and IIoT, and the growing wireless sensors market. Smart factories enable connectivity throughout manufacturing operations by deploying sensors.

Smart Factory Market, by Solution

The MES segment accounted for the largest market share. MES is emerging as a strategic element for flexible and integrated production in different industries. It combines all the tasks of modern-day production management and forms a comprehensive software system for different industries and factories. Manufacturers are adopting MES as it saves costs, provides insights into ongoing manufacturing activities, and enables the high performance of production assets across the supply chain. The high adoption is leading to a high growth rate and the largest market share of the MES segment.

Smart Factory Market, By Industry

The oil & gas industry held a significant share of the smart factory market, driven by the growing need for operational efficiency, safety, and cost control across exploration, production, and refining operations. Companies in this sector increasingly adopt smart factory technologies to improve real-time monitoring, predictive maintenance, and remote asset management in both onshore and offshore environments.

REGION

Asia Pacific to be the fastest-growing region in the global smart factory market during the forecast period

The Asia Pacific region is projected to lead the smart factory market, driven by the increasing adoption of automation technologies across industrial sectors in China and India. The market comprises China, Japan, and India, among others. The adoption of smart factory solutions in Asia Pacific is high due to the growing manufacturing sector in the region.

Smart Factory Market: COMPANY EVALUATION MATRIX

In the smart factory market matrix, KEYENCE CORPORATION (Star) and Texas Instruments Incorporated (Emerging Leader) hold strong positions with their broad product portfolios, global presence, and robust financial capabilities. Their continuous innovation and brand equity enable them to lead large-scale adoption of smart factory solutions worldwide.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size, 2024 (Value) USD 96.47 Billion
Market Forecast, 2030 (Value) USD 169.73 Billion
Growth Rate CAGR of 10.2% from 2025 to 2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Million/Billion), Volume (Million Units)
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments Covered
  • By Component:
    • Industrial Sensors
    • Industrial Robots
    • Industrial 3D Printers
    • Machine Vision Systems
  • By Solution:
    • Supervisory Control and Data Acquisition (SCADA)
    • Manufacturing Execution System (MES)
    • Industrial Safety and Plant Asset Management (PAM)
  • By Industry:
    • Discrete Industries (Automotive
    • Aerospace
    • Semiconductor & Electronics
    • Machine Manufacturing
    • and Medical Devices) and Process Industries (Oil & Gas
    • Chemicals
    • Pharmaceuticals
    • Pulp & Paper
    • Metals & Mining
    • Food & Beverage
    • Energy & Power)
Regional Scope North America, Asia Pacific, Europe, the Middle East & Africa, Latin America

WHAT IS IN IT FOR YOU: Smart Factory Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
European Automotive OEM
  • Conducted deep-dive assessment on adoption of digital twin, industrial IoT, and AI-based predictive maintenance solutions across vehicle assembly lines
  • Benchmarked top MES and SCADA vendors in EU & Japan for integration readiness
  • Enabled OEM to develop roadmap for end-to-end plant digitization
  • Improved uptime through predictive analytics
  • Identified high-ROI automation vendors for strategic alliances
North American Electronics Manufacturer
  • Evaluated deployment of robotics, cobots, and edge analytics for smart assembly operations
  • Quantified labor cost savings and production throughput using AI-driven quality control
  • Strengthened investment justification for factory modernization
  • Reduced production downtime through real-time anomaly detection
  • Provided data-driven framework for scaling AI automation
APAC Industrial Automation Integrator
  • Delivered competitive benchmarking of smart factory software ecosystems (MES, ERP, IIoT)
  • Assessed interoperability and cybersecurity readiness across connected manufacturing systems
  • Supported integrator in aligning with Industry 4.0 standards
  • Improved client acquisition through differentiated service portfolio
  • Enabled regional expansion across Southeast Asia’s manufacturing clusters

RECENT DEVELOPMENTS

  • April 2025 : Stratasys Ltd. launched PolyJet ToughONE White, a durable material for functional prototyping and end-use applications. It was designed for high-end PolyJet platforms and combines enhanced toughness with key features like a smooth surface finish, full-color realism, and multi-material versatility.
  • April 2025 : Stratasys Ltd. launched the Neo800+ stereolithography (SLA) 3D printer. This next-generation model was built on the Neo800's success, offering up to 50% faster throughput, high part yield, and reduced production costs.
  • April 2025 : Stratasys Ltd., a global leader in polymer 3D printing solutions, announced the completion of a strategic investment worth USD 120 million from Fortissimo Capital, a prominent Israeli private equity firm. This investment aimed to strengthen Stratasys' balance sheet and support its future growth initiatives.
  • January 2025 : Mitsubishi Electric India acquired a stake in Gervigreind Data Science (Itanta Analytics), an Indian software startup, to co-develop no-code data analysis and report generation applications. This strategic move aimed to enhance Mitsubishi Electric’s SCADA offerings by integrating these applications with its FA equipment and GENESIS64 SCADA software, developed by US-based ICONICS.
  • October 2024 : Yokogawa Electric Corporation launched OpreX Batch MES, a product in the OpreX Asset Operations and Optimization family. This MES software package was intended for batch plants producing specialty and fine chemicals.

 

Table of Contents

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TITLE
PAGE NO
1
INTRODUCTION
 
 
 
34
2
RESEARCH METHODOLOGY
 
 
 
39
3
EXECUTIVE SUMMARY
 
 
 
52
4
PREMIUM INSIGHTS
 
 
 
57
5
MARKET OVERVIEW
Industrial sector thrives on tech adoption, efficiency gains, and strategic pricing amid cybersecurity challenges.
 
 
 
61
 
5.1
INTRODUCTION
 
 
 
 
5.2
MARKET DYNAMICS
 
 
 
 
 
5.2.1
DRIVERS
 
 
 
 
 
5.2.1.1
GROWING EMPHASIS ON IMPROVING ENERGY EFFICIENCY, OPTIMIZING RESOURCE UTILIZATION, AND MINIMIZING PRODUCTION COSTS
 
 
 
 
5.2.1.2
GROWING ADOPTION OF INDUSTRIAL ROBOTS
 
 
 
 
5.2.1.3
RISING INTEREST IN TECHNOLOGIES LIKE IOT AND AI ACROSS INDUSTRIAL SETTINGS
 
 
 
5.2.2
RESTRAINTS
 
 
 
 
 
5.2.2.1
HIGH CAPITAL INVESTMENT REQUIREMENTS
 
 
 
 
5.2.2.2
CYBERSECURITY THREATS LINKED TO CYBER-PHYSICAL SYSTEMS
 
 
 
5.2.3
OPPORTUNITIES
 
 
 
 
 
5.2.3.1
ADOPTION OF 5G IN NEXT-GENERATION SMART FACTORIES
 
 
 
 
5.2.3.2
ADVANCEMENTS IN WIRELESS SENSOR TECHNOLOGIES AND THEIR INTEGRATION INTO INTELLIGENT MANUFACTURING
 
 
 
5.2.4
CHALLENGES
 
 
 
 
 
5.2.4.1
BRIDGING THE GAP BETWEEN IT AND OT SYSTEMS
 
 
 
 
5.2.4.2
EXPOSURE TO CYBER THREATS
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.6
PRICING ANALYSIS
 
 
 
 
 
 
5.6.1
PRICING ANALYSIS OF MES
 
 
 
 
 
5.6.1.1
INDICATIVE PRICING OF MES SOFTWARE SUBSCRIPTION, BY KEY PLAYERS, 2024
 
 
 
 
5.6.1.2
AVERAGE SELLING PRICE TREND OF MES SOFTWARE SUBSCRIPTIONS, 2021–2024
 
 
 
 
5.6.1.3
AVERAGE SELLING PRICE TREND OF MES SOFTWARE SUBSCRIPTIONS, BY REGION, 2021–2024
 
 
 
5.6.2
AVERAGE SELLING PRICE OF INDUSTRIAL ROBOTS, 2024 (USD)
 
 
 
 
5.6.3
AVERAGE SELLING PRICE FOR SCADA, BY RTUS, 2024 (USD)
 
 
 
 
5.6.4
AVERAGE SELLING PRICE FOR MACHINE VISION COMPONENTS, 2024 (USD)
 
 
 
 
5.6.5
INDICATIVE PRICING OF KEY PLAYERS, BY COMPONENT, 2024
 
 
 
 
5.6.6
AVERAGE SELLING PRICE FOR INDUSTRIAL SENSORS, 2024 (USD)
 
 
 
5.7
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.8
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
 
5.8.1
THREAT OF NEW ENTRANTS
 
 
 
 
5.8.2
THREAT OF SUBSTITUTES
 
 
 
 
5.8.3
BARGAINING POWER OF SUPPLIERS
 
 
 
 
5.8.4
BARGAINING POWER OF BUYERS
 
 
 
 
5.8.5
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
5.9
CASE STUDY ANALYSIS
 
 
 
 
 
5.9.1
ELOPAK INSTALLS FULLY ASEPTIC FILLING MACHINE FOR GABLE TOP PACKAGING WITH ROBUST PNEUMATICS FROM EMERSON AVENTICS
 
 
 
 
5.9.2
MP EQUIPMENT JOINS HANDS WITH ROCKWELL AUTOMATION SAFETY CONSULTANTS TO RE-EVALUATE DESIGN OF PROTEIN PORTIONING MACHINE
 
 
 
 
5.9.3
MOLLART ENGINEERING SELECTS PROCTER SMART FACTORY’S ENCLOSED GUARDS TO INSTALL IN ITS MACHINE TOOLS
 
 
 
 
5.9.4
LEADING AUTOMOTIVE SUPPLIER IMPROVES INSPECTION EFFICIENCY WITH FUJIFILM’S 4D HIGH RESOLUTION MACHINE VISION LENSES
 
 
 
 
5.9.5
ADVANCED DIMENSIONAL AND QUALITY CONTROL WITH 3D MACHINE VISION AT SIDENOR STEEL MILL
 
 
 
5.10
TECHNOLOGY ANALYSIS
 
 
 
 
 
5.10.1
KEY TECHNOLOGIES
 
 
 
 
 
5.10.1.1
ARTIFICIAL INTELLIGENCE
 
 
 
 
5.10.1.2
AUGMENTED REALITY
 
 
 
 
5.10.1.3
IOT
 
 
 
5.10.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
5.10.2.1
5G
 
 
 
 
5.10.2.2
DIGITAL TWIN
 
 
 
 
5.10.2.3
PREDICTIVE MAINTENANCE
 
 
 
5.10.3
ADJACENT TECHNOLOGIES
 
 
 
 
 
5.10.3.1
BLOCKCHAIN
 
 
 
 
5.10.3.2
SMART ENERGY MANAGEMENT
 
 
 
 
5.10.3.3
EDGE COMPUTING
 
 
 
 
5.10.3.4
PREDICTIVE SUPPLY CHAIN
 
 
 
 
5.10.3.5
CYBERSECURITY
 
 
5.11
KEY STAKEHOLDERS AND BUYING CRITERIA
 
 
 
 
 
 
5.11.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
5.11.2
BUYING CRITERIA
 
 
 
5.12
TRADE ANALYSIS
 
 
 
 
 
 
5.12.1
IMPORT SCENARIO (HS CODE 847950)
 
 
 
 
5.12.2
EXPORT SCENARIO (HS CODE 847950)
 
 
 
5.13
PATENT ANALYSIS
 
 
 
 
 
5.14
KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
5.15
REGULATORY LANDSCAPE
 
 
 
 
 
5.15.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
5.15.2
STANDARDS
 
 
 
5.16
IMPACT OF AI/GEN AI ON SMART FACTORY MARKET
 
 
 
 
 
 
5.16.1
INTRODUCTION
 
 
 
 
5.16.2
IMPACT OF AI/GEN AI ON KEY END-USE INDUSTRIES
 
 
 
 
 
5.16.2.1
ELECTRONICS & SEMICONDUCTORS
 
 
 
 
5.16.2.2
AUTOMOTIVE
 
 
 
5.16.3
USE CASES
 
 
 
 
5.16.4
FUTURE OF AI/GEN AI IN SMART FACTORY ECOSYSTEM
 
 
 
5.17
IMPACT OF 2025 US TARIFF – OVERVIEW
 
 
 
 
 
 
5.17.1
INTRODUCTION
 
 
 
 
5.17.2
KEY TARIFF RATES
 
 
 
 
5.17.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.17.4
IMPACT ON COUNTRIES/REGIONS
 
 
 
 
 
5.17.4.1
US
 
 
 
 
5.17.4.2
EUROPE
 
 
 
 
5.17.4.3
ASIA PACIFIC
 
 
 
5.17.5
IMPACT ON END-USE INDUSTRIES
 
 
6
SMART FACTORY MARKET, BY COMPONENT
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million and Units | 80 Data Tables
 
 
 
107
 
6.1
INTRODUCTION
 
 
 
 
6.2
INDUSTRIAL SENSORS
 
 
 
 
 
6.2.1
LEVEL SENSORS
 
 
 
 
 
6.2.1.1
REQUIREMENT TO MEASURE LIQUID, BULK SOLID, AND OTHER FLUID LEVELS TO DRIVE MARKET
 
 
 
6.2.2
TEMPERATURE SENSORS
 
 
 
 
 
6.2.2.1
ADOPTION OF LEAN MANUFACTURING AND PROCESS CONTROL TECHNOLOGIES TO DRIVE MARKET
 
 
 
6.2.3
FLOW SENSORS
 
 
 
 
 
6.2.3.1
WIDE USE IN MONITORING FLOW OF VARIOUS CHEMICALS TO FOSTER MARKET GROWTH
 
 
 
6.2.4
POSITION SENSORS
 
 
 
 
 
6.2.4.1
INCREASING DEMAND FROM SEVERAL APPLICATIONS TO DRIVE MARKET
 
 
 
6.2.5
PRESSURE SENSORS
 
 
 
 
 
6.2.5.1
REPLACEMENT OF PRESSURE TRANSDUCERS WITH COST-EFFICIENT PRESSURE TRANSMITTERS TO DRIVE MARKET
 
 
 
6.2.6
FORCE SENSORS
 
 
 
 
 
6.2.6.1
DEMAND FOR FORCE CONTROL TO IMPROVE SAFETY AND COMFORT IN ROBOT-HUMAN INTERACTIONS TO DRIVE MARKET
 
 
 
6.2.7
HUMIDITY & MOISTURE SENSORS
 
 
 
 
 
6.2.7.1
EXTENSIVE USE IN CHEMICALS, PHARMACEUTICALS, OIL & GAS, AND FOOD & BEVERAGE INDUSTRIES TO DRIVE DEMAND
 
 
 
6.2.8
IMAGE SENSORS
 
 
 
 
 
6.2.8.1
WIDE USAGE IN IMAGING DEVICES TO FOSTER MARKET GROWTH
 
 
 
6.2.9
GAS SENSORS
 
 
 
 
 
6.2.9.1
RISING DEMAND FROM VARIOUS END-USE INDUSTRIES TO DRIVE MARKET
 
 
6.3
INDUSTRIAL ROBOTS
 
 
 
 
 
6.3.1
TRADITIONAL INDUSTRIAL ROBOTS
 
 
 
 
 
6.3.1.1
ADOPTION OF AUTOMATED MANUFACTURING TECHNIQUES TO DRIVE MARKET GROWTH
 
 
 
 
6.3.1.2
ARTICULATED ROBOTS
 
 
 
 
6.3.1.3
CARTESIAN ROBOTS
 
 
 
 
6.3.1.4
SELECTIVE COMPLIANCE ASSEMBLY ROBOT ARM
 
 
 
 
6.3.1.5
CYLINDRICAL ROBOTS
 
 
 
 
6.3.1.6
OTHER ROBOTS
 
 
 
6.3.2
COLLABORATIVE ROBOTS
 
 
 
 
 
6.3.2.1
HIGH PRODUCTION EFFICIENCY THROUGH HUMAN-ROBOT COLLABORATION TO DRIVE MARKET
 
 
6.4
INDUSTRIAL 3D PRINTING
 
 
 
 
 
6.4.1
ELIMINATION OF ASSEMBLY LINE AND REDUCTION OF LABOR COSTS TO DRIVE MARKET
 
 
 
 
6.4.2
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY OFFERING
 
 
 
 
 
6.4.2.1
PRINTERS
 
 
 
 
6.4.2.2
MATERIAL
 
 
 
 
6.4.2.3
SOFTWARE
 
 
 
 
6.4.2.4
SERVICES
 
 
6.5
MACHINE VISION
 
 
 
 
 
6.5.1
INCREASING DEMAND FOR QUALITY FROM MANUFACTURERS AND CUSTOMERS TO DRIVE MARKET
 
 
 
 
6.5.2
MACHINE VISION: SMART FACTORY MARKET, BY COMPONENT
 
 
 
 
 
6.5.2.1
CAMERAS
 
 
 
 
6.5.2.2
FRAME GRABBERS
 
 
 
 
6.5.2.3
LED LIGHTING
 
 
 
 
6.5.2.4
OPTICS
 
 
 
 
6.5.2.5
PROCESSORS
 
 
 
 
6.5.2.6
OTHER HARDWARE COMPONENTS
 
 
 
 
6.5.2.7
SOFTWARE
 
7
SMART FACTORY MARKET, BY SOLUTION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 82 Data Tables
 
 
 
149
 
7.1
INTRODUCTION
 
 
 
 
7.2
MANUFACTURING EXECUTION SYSTEM (MES)
 
 
 
 
 
7.2.1
INCREASING PRODUCTIVITY, REDUCING SHIPPING TIME, AND PROCESSING DATA TO DRIVE MARKET
 
 
 
 
7.2.2
MANUFACTURING EXECUTION SYSTEM: SMART FACTORY MARKET, BY DEPLOYMENT MODE
 
 
 
 
 
7.2.2.1
ON-PREMISES
 
 
 
 
7.2.2.2
CLOUD
 
 
 
 
7.2.2.3
HYBRID
 
 
 
7.2.3
MANUFACTURING EXECUTION SYSTEM: SMART FACTORY MARKET, BY OFFERING
 
 
 
 
 
7.2.3.1
SOFTWARE
 
 
 
 
7.2.3.2
SERVICES
 
 
 
7.2.4
IMPLEMENTATION
 
 
 
 
7.2.5
UPGRADATION
 
 
 
 
7.2.6
TRAINING
 
 
 
 
7.2.7
MAINTENANCE
 
 
 
7.3
SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
 
 
 
 
 
7.3.1
CONTROL AND ACQUISITION OF DATA FROM REMOTE DEVICES TO DRIVE MARKET
 
 
 
 
7.3.2
SCADA: SMART FACTORY MARKET, BY OFFERING
 
 
 
 
 
7.3.2.1
HARDWARE
 
 
 
 
7.3.2.2
PROGRAMMABLE LOGIC CONTROLLER
 
 
 
 
7.3.2.3
REMOTE TERMINAL UNIT
 
 
 
 
7.3.2.4
HUMAN-MACHINE INTERFACE
 
 
 
 
7.3.2.5
OTHER COMPONENTS
 
 
 
 
7.3.2.6
SOFTWARE
 
 
 
 
7.3.2.7
SERVICES
 
 
7.4
PLANT ASSET MANAGEMENT (PAM)
 
 
 
 
 
7.4.1
REDUCED UNPLANNED DOWNTIME AND OPTIMIZED ASSET UTILIZATION TO FOSTER MARKET GROWTH
 
 
 
7.5
INDUSTRIAL SAFETY
 
 
 
 
 
7.5.1
RISK MITIGATION IN SENSORS, LOGIC CONTROLS, AND ACTING ELEMENTS TO DRIVE MARKET
 
 
 
 
7.5.2
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY TYPE
 
 
 
 
 
7.5.2.1
MACHINE SAFETY
 
 
 
 
7.5.2.2
WORKER SAFETY
 
8
SMART FACTORY MARKET, BY INDUSTRY
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
 
 
 
204
 
8.1
INTRODUCTION
 
 
 
 
8.2
PROCESS INDUSTRIES
 
 
 
 
 
8.2.1
NEED TO DELIVER SUPERIOR PRODUCTS AT COMPETITIVE COSTS TO DRIVE MARKET
 
 
 
 
8.2.2
OIL & GAS
 
 
 
 
 
8.2.2.1
RELIABILITY IN LARGE-SCALE PRODUCTION, PRODUCT QUALITY, AND ACCELERATED DECISION-MAKING TO DRIVE MARKET
 
 
 
8.2.3
CHEMICALS
 
 
 
 
 
8.2.3.1
ENHANCEMENT OF PRODUCTION EFFICIENCIES AND OPERATIONAL EXCELLENCE IN PROCESSES TO DRIVE MARKET
 
 
 
8.2.4
PULP & PAPER
 
 
 
 
 
8.2.4.1
WORKFLOW MANAGEMENT AND PROCESS OPTIMIZATION TO BOOST MARKET
 
 
 
8.2.5
PHARMACEUTICALS
 
 
 
 
 
8.2.5.1
NEED TO STANDARDIZE WORKFLOWS AND ENABLE REGULATORY COMPLIANCE TO FUEL MARKET
 
 
 
8.2.6
METALS & MINING
 
 
 
 
 
8.2.6.1
COST CONTAINMENT, SUPPLY CHAIN VISIBILITY, AND RISK MANAGEMENT TO DRIVE MARKET
 
 
 
8.2.7
FOOD & BEVERAGE
 
 
 
 
 
8.2.7.1
COST-EFFICIENT AND STREAMLINED PRODUCTION PROCESSES TO FOSTER GROWTH
 
 
 
8.2.8
ENERGY & POWER
 
 
 
 
 
8.2.8.1
IMPROVED PLANT PERFORMANCE AND FLEXIBILITY IN ELECTRICITY PRODUCTION TO DRIVE MARKET
 
 
 
8.2.9
OTHER PROCESS INDUSTRIES
 
 
 
8.3
DISCRETE INDUSTRIES
 
 
 
 
 
8.3.1
OPTIMIZATION OF SUPPLY CHAIN MANAGEMENT TO DRIVE MARKET
 
 
 
 
8.3.2
AUTOMOTIVE
 
 
 
 
 
8.3.2.1
DEVELOPMENT AND PRODUCTION OF HIGH-QUALITY AUTOMOBILES TO DRIVE MARKET
 
 
 
8.3.3
AEROSPACE
 
 
 
 
 
8.3.3.1
REAL-TIME VISIBILITY OF PRODUCTION PROCESSES, EQUIPMENT CONDITIONS, AND PROCESS DEFECTS TO DRIVE MARKET
 
 
 
8.3.4
SEMICONDUCTOR & ELECTRONICS
 
 
 
 
 
8.3.4.1
NEED TO ACHIEVE ACCURACY IN DESIGNING COMPLEX PRODUCTS TO DRIVE MARKET
 
 
 
8.3.5
MACHINE MANUFACTURING
 
 
 
 
 
8.3.5.1
PREVENTION OF MACHINE BREAKDOWN AND UNPLANNED DOWNTIME TO DRIVE MARKET
 
 
 
8.3.6
MEDICAL DEVICES
 
 
 
 
 
8.3.6.1
PRESSING NEED FOR MANUFACTURING PRECISION AND HIGH PROFITABILITY TO BOOST DEMAND
 
 
 
8.3.7
OTHER DISCRETE INDUSTRIES
 
 
9
SMART FACTORY MARKET, BY REGION
Comprehensive coverage of 9 Regions with country-level deep-dive of 23 Countries | 32 Data Tables.
 
 
 
218
 
9.1
INTRODUCTION
 
 
 
 
9.2
NORTH AMERICA
 
 
 
 
 
9.2.1
MACROECONOMIC OUTLOOK FOR NORTH AMERICA
 
 
 
 
9.2.2
US
 
 
 
 
 
9.2.2.1
OPERATIONAL EFFICIENCY, IMPROVED PRODUCT QUALITY, AND OPTIMAL USE OF RESOURCES TO DRIVE MARKET
 
 
 
9.2.3
CANADA
 
 
 
 
 
9.2.3.1
INCREASING GOVERNMENT SUPPORT FOR ADOPTING ADVANCED MANUFACTURING TECHNOLOGIES TO DRIVE MARKET
 
 
 
9.2.4
MEXICO
 
 
 
 
 
9.2.4.1
INCREASING INVESTMENTS AND EXPANSIONS BY GLOBAL MARKET PLAYERS TO DRIVE MARKET
 
 
9.3
EUROPE
 
 
 
 
 
9.3.1
MACROECONOMIC OUTLOOK FOR EUROPE
 
 
 
 
9.3.2
UK
 
 
 
 
 
9.3.2.1
INCREASING ADOPTION OF SMART FACTORY SOLUTIONS IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET
 
 
 
9.3.3
GERMANY
 
 
 
 
 
9.3.3.1
INDUSTRY 4.0 INITIATIVE TO AUTOMATE OPERATIONS TO DRIVE MARKET
 
 
 
9.3.4
FRANCE
 
 
 
 
 
9.3.4.1
GROWTH OF INDUSTRIAL SECTOR TO DRIVE MARKET
 
 
 
9.3.5
ITALY
 
 
 
 
 
9.3.5.1
FOCUS ON BOOSTING MANUFACTURING OUTPUT TO DRIVE MARKET
 
 
 
9.3.6
SPAIN
 
 
 
 
 
9.3.6.1
FOCUS ON MODERNIZING MANUFACTURING INFRASTRUCTURE TO SUPPORT SMART FACTORY GROWTH
 
 
 
9.3.7
POLAND
 
 
 
 
 
9.3.7.1
INDUSTRY 4.0 STRATEGIES AND EU FUNDING SUPPORTING SMART FACTORY DEVELOPMENT
 
 
 
9.3.8
NORDICS
 
 
 
 
 
9.3.8.1
SUSTAINABILITY-LED SMART FACTORY ADOPTION ACROSS ADVANCED INDUSTRIES
 
 
 
9.3.9
REST OF EUROPE
 
 
 
9.4
ASIA PACIFIC
 
 
 
 
 
9.4.1
MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
 
 
 
 
9.4.2
CHINA
 
 
 
 
 
9.4.2.1
INCREASING ADOPTION OF AUTOMATION SOLUTIONS DUE TO RISING LABOR COSTS TO DRIVE MARKET
 
 
 
9.4.3
JAPAN
 
 
 
 
 
9.4.3.1
ONGOING DEVELOPMENTS IN SMART MANUFACTURING PROCESSES TO DRIVE MARKET
 
 
 
9.4.4
INDIA
 
 
 
 
 
9.4.4.1
RAPID INDUSTRIALIZATION, RECOVERING ECONOMY, GROWING GOVERNMENT SUPPORT, AND INCREASING FOREIGN INVESTMENTS TO DRIVE MARKET
 
 
 
9.4.5
SOUTH KOREA
 
 
 
 
 
9.4.5.1
GOVERNMENT-LED INITIATIVES AND TECHNOLOGY LEADERSHIP DRIVING ADOPTION
 
 
 
9.4.6
AUSTRALIA
 
 
 
 
 
9.4.6.1
FOCUS ON RESHORING AND DIGITAL MANUFACTURING TO BUILD INDUSTRIAL RESILIENCE
 
 
 
9.4.7
INDONESIA
 
 
 
 
 
9.4.7.1
RISING INDUSTRIALIZATION AND GOVERNMENT PUSH FOR INDUSTRY 4.0 TO FUEL DEMAND
 
 
 
9.4.8
MALAYSIA
 
 
 
 
 
9.4.8.1
GOVERNMENT SUPPORT AND SMART MANUFACTURING INITIATIVES DRIVING GROWTH
 
 
 
9.4.9
THAILAND
 
 
 
 
 
9.4.9.1
NATIONAL STRATEGIES AND FOREIGN INVESTMENTS ACCELERATING SMART FACTORY ADOPTION
 
 
 
9.4.10
VIETNAM
 
 
 
 
 
9.4.10.1
INDUSTRIAL MODERNIZATION AND EXPORT-ORIENTED GROWTH FOSTERING SMART FACTORY UPTAKE
 
 
 
9.4.11
REST OF ASIA PACIFIC
 
 
 
9.5
REST OF THE WORLD (ROW)
 
 
 
 
 
9.5.1
MACROECONOMIC OUTLOOK FOR ROW
 
 
 
 
9.5.2
MIDDLE EAST
 
 
 
 
 
9.5.2.1
BAHRAIN
 
 
 
 
9.5.2.2
KUWAIT
 
 
 
 
9.5.2.3
OMAN
 
 
 
 
9.5.2.4
QATAR
 
 
 
 
9.5.2.5
SAUDI ARABIA
 
 
 
 
9.5.2.6
UAE
 
 
 
 
9.5.2.7
REST OF MIDDLE EAST
 
 
 
9.5.3
SOUTH AMERICA
 
 
 
 
 
9.5.3.1
BRAZIL
 
 
 
 
9.5.3.2
ARGENTINA
 
 
 
 
9.5.3.3
OTHER SOUTH AMERICAN COUNTRIES
 
 
 
9.5.4
AFRICA
 
 
 
 
 
9.5.4.1
SOUTH AFRICA
 
 
 
 
9.5.4.2
OTHER AFRICAN COUNTRIES
 
10
COMPETITIVE LANDSCAPE
Uncover strategic moves and market dominance of top machine vision and SCADA players.
 
 
 
254
 
10.1
INTRODUCTION
 
 
 
 
10.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2021–JUNE 2025
 
 
 
 
10.3
REVENUE ANALYSIS, 2020–2024
 
 
 
 
 
10.4
MARKET SHARE ANALYSIS OF KEY FIVE PLAYERS, 2024
 
 
 
 
 
10.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
10.6
PRODUCT COMPARISON
 
 
 
 
 
10.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
 
 
 
 
 
 
10.7.1
STARS
 
 
 
 
10.7.2
EMERGING LEADERS
 
 
 
 
10.7.3
PERVASIVE PLAYERS
 
 
 
 
10.7.4
PARTICIPANTS
 
 
 
 
10.7.5
MACHINE VISION MARKET: COMPANY FOOTPRINT, 2024
 
 
 
 
 
10.7.5.1
COMPANY FOOTPRINT
 
 
 
 
10.7.5.2
MACHINE VISION MARKET: REGION FOOTPRINT
 
 
 
 
10.7.5.3
MACHINE VISION MARKET: SYSTEM TYPE FOOTPRINT
 
 
 
 
10.7.5.4
MACHINE VISION MARKET: COMPONENT FOOTPRINT
 
 
 
 
10.7.5.5
MACHINE VISION MARKET: INDUSTRY FOOTPRINT
 
 
 
10.7.6
SCADA MARKET: COMPANY FOOTPRINT, 2024
 
 
 
 
 
10.7.6.1
SCADA MARKET: OVERALL FOOTPRINT
 
 
 
 
10.7.6.2
SCADA MARKET: REGION FOOTPRINT
 
 
 
 
10.7.6.3
SCADA MARKET: OFFERING FOOTPRINT
 
 
 
 
10.7.6.4
SCADA MARKET: END USER FOOTPRINT
 
 
10.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
 
 
 
 
 
 
10.8.1
PROGRESSIVE COMPANIES
 
 
 
 
10.8.2
RESPONSIVE COMPANIES
 
 
 
 
10.8.3
DYNAMIC COMPANIES
 
 
 
 
10.8.4
STARTING BLOCKS
 
 
 
 
10.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
 
 
 
 
 
10.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
10.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
10.9
COMPETITIVE SCENARIO
 
 
 
 
 
10.9.1
PRODUCT LAUNCHES
 
 
 
 
10.9.2
DEALS
 
 
 
 
10.9.3
EXPANSIONS
 
 
 
 
10.9.4
OTHER DEVELOPMENTS
 
 
11
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
285
 
11.1
KEY PLAYERS
 
 
 
 
 
11.1.1
ABB
 
 
 
 
 
11.1.1.1
BUSINESS OVERVIEW
 
 
 
 
11.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
11.1.1.3
RECENT DEVELOPMENTS
 
 
 
 
11.1.1.4
MNM VIEW
 
 
 
11.1.2
EMERSON ELECTRIC CO.
 
 
 
 
11.1.3
SIEMENS
 
 
 
 
11.1.4
SCHNEIDER ELECTRIC
 
 
 
 
11.1.5
ROCKWELL AUTOMATION, INC.
 
 
 
 
11.1.6
HONEYWELL INTERNATIONAL INC.
 
 
 
 
11.1.7
MITSUBISHI ELECTRIC CORPORATION
 
 
 
 
11.1.8
GE VERNOVA
 
 
 
 
11.1.9
YOKOGAWA ELECTRIC CORPORATION
 
 
 
 
11.1.10
OMRON CORPORATION
 
 
 
 
11.1.11
ENDRESS+HAUSER GROUP SERVICES AG
 
 
 
 
11.1.12
FANUC CORPORATION
 
 
 
 
11.1.13
WIKA ALEXANDER WIEGAND SE & CO. KG
 
 
 
 
11.1.14
DWYER INSTRUMENTS, LLC
 
 
 
 
11.1.15
STRATASYS
 
 
 
 
11.1.16
3D SYSTEMS, INC.
 
 
 
 
11.1.17
COGNEX CORPORATION
 
 
 
 
11.1.18
BASLER AG
 
 
 
11.2
OTHER KEY PLAYERS
 
 
 
 
 
11.2.1
FUJI ELECTRIC CO., LTD.
 
 
 
 
11.2.2
HITACHI, LTD.
 
 
 
 
11.2.3
KROHNE MESSTECHNIK GMBH
 
 
 
 
11.2.4
AZBIL CORPORATION
 
 
 
 
11.2.5
VEGA GRIESHABER KG
 
 
 
 
11.2.6
DANFOSS
 
 
 
 
11.2.7
KUKA AG
 
 
 
11.3
OTHER SMALL AND MEDIUM-SIZED ENTERPRISES
 
 
 
 
 
11.3.1
TRIDITIVE
 
 
 
 
11.3.2
ROBOZE
 
 
 
 
11.3.3
ZIVID
 
 
 
 
11.3.4
INXPECT S.P.A.
 
 
 
 
11.3.5
INUITIVE
 
 
 
 
11.3.6
FUELICS
 
 
 
 
11.3.7
ULTIMAKER
 
 
 
 
11.3.8
NANO DIMENSION
 
 
 
 
11.3.9
PICK-IT N.V.
 
 
 
 
11.3.10
ONROBOT A/S
 
 
12
APPENDIX
 
 
 
373
 
12.1
DISCUSSION GUIDE
 
 
 
 
12.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
12.3
CUSTOMIZATION OPTIONS
 
 
 
 
12.4
RELATED REPORTS
 
 
 
 
12.5
AUTHOR DETAILS
 
 
 
LIST OF TABLES
 
 
 
 
 
TABLE 1
SMART FACTORY MARKET: RESEARCH ASSUMPTIONS
 
 
 
 
TABLE 2
SMART FACTORY MARKET: RISK ANALYSIS
 
 
 
 
TABLE 3
SMART FACTORY MARKET: ROLE OF COMPANIES IN ECOSYSTEM
 
 
 
 
TABLE 4
INDICATING PRICING OF MES SOFTWARE SUBSCRIPTIONS PER MONTH OFFERED BY KEY PLAYERS, 2024 (USD)
 
 
 
 
TABLE 5
AVERAGE SELLING PRICE TREND OF MES SOFTWARE SUBSCRIPTIONS PER MONTH, 2021–2024 (USD)
 
 
 
 
TABLE 6
AVERAGE SELLING PRICE TREND OF MES SOFTWARE SUBSCRIPTIONS PER MONTH, BY REGION, 2021–2024 (USD)
 
 
 
 
TABLE 7
AVERAGE SELLING PRICE OF INDUSTRIAL ROBOTS, BY PAYLOAD CAPACITY, 2024
 
 
 
 
TABLE 8
AVERAGE SELLING PRICE OF RTUS
 
 
 
 
TABLE 9
INDICATING PRICING OF MACHINE VISION COMPONENTS OFFERED BY KEY PLAYERS, 2024 (USD)
 
 
 
 
TABLE 10
AVERAGE SELLING PRICE (ASP) OF DIGITAL TEMPERATURE SENSORS OFFERED BY MAJOR PLAYERS
 
 
 
 
TABLE 11
IMPACT OF PORTER’S FIVE FORCES: SMART FACTORY MARKET
 
 
 
 
TABLE 12
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TOP THREE INDUSTRIES
 
 
 
 
TABLE 13
KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
 
 
 
 
TABLE 14
IMPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 15
EXPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 16
LIST OF MAJOR PATENTS, 2022–2024
 
 
 
 
TABLE 17
REGION-WISE LIST OF KEY CONFERENCES AND EVENTS
 
 
 
 
TABLE 18
NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 19
EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 20
ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 21
ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 22
MAJOR COMMUNICATION STANDARDS FOR SCADA SYSTEMS
 
 
 
 
TABLE 23
INDUSTRIAL SAFETY STANDARDS
 
 
 
 
TABLE 24
MACHINE VISION STANDARDS
 
 
 
 
TABLE 25
US ADJUSTED RECIPROCAL TARIFF RATES
 
 
 
 
TABLE 26
KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR SMART FACTORY
 
 
 
 
TABLE 27
SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 28
SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 29
COMPONENT: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 30
COMPONENT: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 31
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY SENSOR TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 32
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY SENSOR TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 33
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 34
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 35
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 36
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 37
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 38
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 39
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 40
INDUSTRIAL SENSORS: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 41
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 42
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 43
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 44
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 45
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 46
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 47
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 48
INDUSTRIAL SENSORS: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 49
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 50
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 51
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 52
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 53
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 54
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 55
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 56
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 57
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 58
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 59
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 60
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 61
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 62
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 63
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 64
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 65
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 66
INDUSTRIAL ROBOTS: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 67
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, TRADITIONAL ROBOTS, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 68
INDUSTRIAL ROBOTS: SMART FACTORY MARKET, TRADITIONAL ROBOTS, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 69
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 70
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 71
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 72
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 73
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 74
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 75
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 76
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 77
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 78
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 79
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 80
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 81
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 82
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 83
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 84
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 85
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY OFFERING, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 86
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 87
MACHINE VISION: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 88
MACHINE VISION: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 89
MACHINE VISION: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 90
MACHINE VISION: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 91
MACHINE VISION: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 92
MACHINE VISION: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 93
MACHINE VISION: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 94
MACHINE VISION: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 95
MACHINE VISION: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 96
MACHINE VISION: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 97
MACHINE VISION: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 98
MACHINE VISION: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 99
MACHINE VISION: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 100
MACHINE VISION: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 101
MACHINE VISION: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 102
MACHINE VISION: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 103
MACHINE VISION: SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 104
MACHINE VISION: SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 105
MACHINE VISION: SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (MILLION UNITS)
 
 
 
 
TABLE 106
MACHINE VISION: SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (MILLION UNITS)
 
 
 
 
TABLE 107
SMART FACTORY MARKET, BY SOLUTION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 108
SMART FACTORY MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 109
SOLUTION: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 110
SOLUTION: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 111
MES: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 112
MES: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 113
MES: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 114
MES: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 115
MES: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 116
MES: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 117
MES: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 118
MES: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 119
MES: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 120
MES: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 121
MES: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 122
MES: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 123
MES: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 124
MES: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 125
MES: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 126
MES: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 127
MES: SMART FACTORY MARKET, BY DEPLOYMENT MODE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 128
MES: SMART FACTORY MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 129
MES: SMART FACTORY MARKET, BY OFFERING, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 130
MES: SMART FACTORY MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 131
SCADA: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 132
SCADA: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 133
SCADA: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 134
SCADA: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 135
SCADA: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 136
SCADA: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 137
SCADA: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 138
SCADA: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 139
SCADA: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 140
SCADA: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 141
SCADA: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 142
SCADA: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 143
SCADA: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 144
SCADA: SMART FACTORY MARKET, ASIA PACIFIC BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 145
SCADA: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 146
SCADA: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 147
SCADA: SMART FACTORY MARKET, BY OFFERING, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 148
SCADA: SMART FACTORY MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 149
SCADA: SMART FACTORY MARKET, BY HARDWARE TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 150
SCADA: SMART FACTORY MARKET, BY HARDWARE TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 151
ADVANTAGES AND DISADVANTAGES OF WIRED COMMUNICATION SYSTEMS
 
 
 
 
TABLE 152
ADVANTAGES AND DISADVANTAGES OF WIRELESS COMMUNICATION SYSTEMS
 
 
 
 
TABLE 153
SCADA: SMART FACTORY MARKET, BY SOFTWARE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 154
SCADA: SMART FACTORY MARKET, BY SOFTWARE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 155
SCADA: SMART FACTORY MARKET, BY SERVICES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 156
SCADA: SMART FACTORY MARKET, BY SERVICES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 157
PAM: SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 158
PAM: SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 159
PAM: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 160
PAM: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 161
PAM: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 162
PAM: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 163
PAM: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 164
PAM: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 165
PAM: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 166
PAM: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 167
PAM: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 168
PAM: SMART FACTORY MARKET IN EUROPE BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 169
PAM: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 170
PAM: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 171
PAM: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 172
PAM: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 173
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 174
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 175
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 176
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 177
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 178
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 179
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 180
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 181
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 182
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 183
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 184
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 185
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 186
INDUSTRIAL SAFETY: SMART FACTORY MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 187
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 188
INDUSTRIAL SAFETY: SMART FACTORY MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 189
SMART FACTORY MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 190
SMART FACTORY MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 191
SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 192
SMART FACTORY MARKET, BY PROCESS INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 193
SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 194
SMART FACTORY MARKET, BY DISCRETE INDUSTRIES, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 195
SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 196
SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 197
NORTH AMERICA: SMART FACTORY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 198
NORTH AMERICA: SMART FACTORY MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 199
NORTH AMERICA: SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 200
NORTH AMERICA: SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 201
NORTH AMERICA: SMART FACTORY MARKET, BY SOLUTION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 202
NORTH AMERICA: SMART FACTORY MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 203
EUROPE: SMART FACTORY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 204
EUROPE: SMART FACTORY MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 205
EUROPE: SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 206
EUROPE: SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 207
EUROPE: SMART FACTORY MARKET, BY SOLUTION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 208
EUROPE: SMART FACTORY MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 209
ASIA PACIFIC: SMART FACTORY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 210
ASIA PACIFIC: SMART FACTORY MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 211
ASIA PACIFIC: SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 212
ASIA PACIFIC: SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 213
ASIA PACIFIC: SMART FACTORY MARKET, BY SOLUTION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 214
ASIA PACIFIC: SMART FACTORY MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 215
REST OF THE WORLD: SMART FACTORY MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 216
REST OF THE WORLD: SMART FACTORY MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 217
REST OF THE WORLD: SMART FACTORY MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 218
REST OF THE WORLD: SMART FACTORY MARKET, BY COMPONENT, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 219
REST OF THE WORLD: SMART FACTORY MARKET, BY SOLUTION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 220
REST OF THE WORLD: SMART FACTORY MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 221
MIDDLE EAST: SMART FACTORY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 222
AFRICA: SMART FACTORY MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 223
SOUTH AMERICA: SMART FACTORY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 224
AFRICA: SMART FACTORY MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 225
AFRICA: SMART FACTORY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 226
AFRICA: SMART FACTORY MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 227
SMART FACTORY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2021–JUNE 2025
 
 
 
 
TABLE 228
MACHINE VISION MARKET: DEGREE OF COMPETITION
 
 
 
 
TABLE 229
INDUSTRIAL ROBOTS MARKET: DEGREE OF COMPETITION, 2023
 
 
 
 
TABLE 230
MANUFACTURING EXECUTION SYSTEMS MARKET: DEGREE OF COMPETITION, 2024
 
 
 
 
TABLE 231
SCADA MARKET: DEGREE OF COMPETITION, 2024
 
 
 
 
TABLE 232
MACHINE VISION MARKET: COMPANY FOOTPRINT (25 COMPANIES)
 
 
 
 
TABLE 233
MACHINE VISION MARKET: REGION FOOTPRINT
 
 
 
 
TABLE 234
MACHINE VISION MARKET: SYSTEM TYPE FOOTPRINT
 
 
 
 
TABLE 235
MACHINE VISION MARKET: COMPONENT FOOTPRINT
 
 
 
 
TABLE 236
MACHINE VISION MARKET: INDUSTRY FOOTPRINT
 
 
 
 
TABLE 237
SCADA MARKET: REGION FOOTPRINT
 
 
 
 
TABLE 238
SCADA MARKET: OFFERING FOOTPRINT
 
 
 
 
TABLE 239
SCADA MARKET: END USER FOOTPRINT
 
 
 
 
TABLE 240
SMART FACTORY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
TABLE 241
SMART FACTORY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
 
 
TABLE 242
SMART FACTORY MARKET: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2025
 
 
 
 
TABLE 243
SMART FACTORY MARKET: DEALS, JANUARY 2021–JUNE 2025
 
 
 
 
TABLE 244
SMART FACTORY MARKET: EXPANSIONS, JANUARY 2021–JUNE 2025
 
 
 
 
TABLE 245
SMART FACTORY MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JUNE 2025
 
 
 
 
TABLE 246
ABB: COMPANY OVERVIEW
 
 
 
 
TABLE 247
ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 248
ABB: PRODUCT LAUNCHES
 
 
 
 
TABLE 249
ABB: DEALS
 
 
 
 
TABLE 250
ABB: EXPANSIONS
 
 
 
 
TABLE 251
EMERSON ELECTRIC CO.: COMPANY OVERVIEW
 
 
 
 
TABLE 252
EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 253
EMERSON ELECTRIC CO.: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 254
EMERSON ELECTRIC CO.: DEALS
 
 
 
 
TABLE 255
SIEMENS: COMPANY OVERVIEW
 
 
 
 
TABLE 256
SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 257
SIEMENS: PRODUCT LAUNCHES
 
 
 
 
TABLE 258
SIEMENS: DEALS
 
 
 
 
TABLE 259
SCHNEIDER ELECTRIC: COMPANY OVERVIEW
 
 
 
 
TABLE 260
SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 261
SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
 
 
 
 
TABLE 262
SCHNEIDER ELECTRIC: EXPANSIONS
 
 
 
 
TABLE 263
SCHNEIDER ELECTRIC: DEALS
 
 
 
 
TABLE 264
ROCKWELL AUTOMATION, INC.: COMPANY OVERVIEW
 
 
 
 
TABLE 265
ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 266
ROCKWELL AUTOMATION, INC.: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 267
ROCKWELL AUTOMATION, INC.: DEALS
 
 
 
 
TABLE 268
ROCKWELL AUTOMATION, INC.: EXPANSIONS
 
 
 
 
TABLE 269
HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
 
 
 
 
TABLE 270
HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 271
HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 272
HONEYWELL INTERNATIONAL INC.: DEALS
 
 
 
 
TABLE 273
MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 274
MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
TABLE 275
MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
 
 
 
 
TABLE 276
MITSUBISHI ELECTRIC CORPORATION: DEALS
 
 
 
 
TABLE 277
MITSUBISHI ELECTRIC CORPORATION: EXPANSIONS
 
 
 
 
TABLE 278
MITSUBISHI ELECTRIC CORPORATION: OTHER DEVELOPMENTS
 
 
 
 
TABLE 279
GE VERNOVA: COMPANY OVERVIEW
 
 
 
 
TABLE 280
GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 281
GE VERNOVA: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 282
YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 283
YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
TABLE 284
YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 285
YOKOGAWA ELECTRIC CORPORATION: DEALS
 
 
 
 
TABLE 286
YOKOGAWA ELECTRIC CORPORATION: OTHER DEVELOPMENTS
 
 
 
 
TABLE 287
OMRON CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 288
OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 289
OMRON CORPORATION: PRODUCT LAUNCHES
 
 
 
 
TABLE 290
OMRON CORPORATION: DEALS
 
 
 
 
TABLE 291
ENDRESS+HAUSER GROUP SERVICES AG: COMPANY OVERVIEW
 
 
 
 
TABLE 292
ENDRESS+HAUSER GROUP SERVICES AG: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
TABLE 293
ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 294
ENDRESS+HAUSER GROUP SERVICES AG: DEALS
 
 
 
 
TABLE 295
ENDRESS+HAUSER GROUP SERVICES AG: EXPANSIONS
 
 
 
 
TABLE 296
FANUC CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 297
FANUC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 298
FANUC CORPORATION: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 299
WIKA ALEXANDER WIEGAND SE & CO. KG: COMPANY OVERVIEW
 
 
 
 
TABLE 300
WIKA ALEXANDER WIEGAND SE & CO. KG: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
TABLE 301
WIKA ALEXANDER WIEGAND SE & CO. KG: PRODUCT LAUNCHES
 
 
 
 
TABLE 302
WIKA ALEXANDER WIEGAND SE & CO. KG: EXPANSIONS
 
 
 
 
TABLE 303
DWYER INSTRUMENTS, LLC: COMPANY OVERVIEW
 
 
 
 
TABLE 304
DWYER INSTRUMENTS, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 305
DWYER INSTRUMENTS, LLC: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 306
STRATASYS: COMPANY OVERVIEW
 
 
 
 
TABLE 307
STRATASYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 308
STRATASYS: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 309
STRATASYS: DEALS
 
 
 
 
TABLE 310
3D SYSTEMS, INC.: COMPANY OVERVIEW
 
 
 
 
TABLE 311
3D SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 312
3D SYSTEMS, INC.: PRODUCT LAUNCHES & DEVELOPMENTS
 
 
 
 
TABLE 313
3D SYSTEMS, INC.: DEALS
 
 
 
 
TABLE 314
COGNEX CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 315
COGNEX CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 316
COGNEX CORPORATION: PRODUCT LAUNCHES
 
 
 
 
TABLE 317
BASLER AG: COMPANY OVERVIEW
 
 
 
 
TABLE 318
BASLER AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 319
BASLER AG: PRODUCT LAUNCHES
 
 
 
 
TABLE 320
BASLER AG: DEALS
 
 
 
 
TABLE 321
FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 322
HITACHI, LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 323
KROHNE MESSTECHNIK GMBH: COMPANY OVERVIEW
 
 
 
 
TABLE 324
AZBIL CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 325
VEGA GRIESHABER KG: COMPANY OVERVIEW
 
 
 
 
TABLE 326
DANFOSS: COMPANY OVERVIEW
 
 
 
 
TABLE 327
KUKA AG: COMPANY OVERVIEW
 
 
 
 
TABLE 328
TRIDITIVE: COMPANY OVERVIEW
 
 
 
 
TABLE 329
ROBOZE: COMPANY OVERVIEW
 
 
 
 
TABLE 330
ZIVID: COMPANY OVERVIEW
 
 
 
 
TABLE 331
INXPECT S.P.A.: COMPANY OVERVIEW
 
 
 
 
TABLE 332
INUITIVE: COMPANY OVERVIEW
 
 
 
 
TABLE 333
FUELICS: COMPANY OVERVIEW
 
 
 
 
TABLE 334
ULTIMAKER: COMPANY OVERVIEW
 
 
 
 
TABLE 335
NANO DIMENSION: COMPANY OVERVIEW
 
 
 
 
TABLE 336
PICK-IT N.V.: COMPANY OVERVIEW
 
 
 
 
TABLE 337
ONROBOT A/S: COMPANY OVERVIEW
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
FIGURE 1
SMART FACTORY MARKET SEGMENTATION AND REGIONAL SCOPE
 
 
 
 
FIGURE 2
SMART FACTORY MARKET: RESEARCH DESIGN
 
 
 
 
FIGURE 3
SMART FACTORY MARKET: RESEARCH APPROACH
 
 
 
 
FIGURE 4
MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
 
 
 
 
FIGURE 5
MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
 
 
 
 
FIGURE 6
MACHINE VISION MARKET SIZE ESTIMATION METHODOLOGY
 
 
 
 
FIGURE 7
MANUFACTURING EXECUTION SYSTEMS MARKET SIZE ESTIMATION METHODOLOGY
 
 
 
 
FIGURE 8
SCADA MARKET SIZE ESTIMATION METHODOLOGY
 
 
 
 
FIGURE 9
MARKET BREAKDOWN AND DATA TRIANGULATION
 
 
 
 
FIGURE 10
SMART FACTORY MARKET SIZE, 2021–2030
 
 
 
 
FIGURE 11
INDUSTRIAL 3D PRINTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
FIGURE 12
PAM SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
FIGURE 13
PHARMACEUTICAL INDUSTRY TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
 
 
 
 
FIGURE 14
MEDICAL DEVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
FIGURE 15
ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024
 
 
 
 
FIGURE 16
INCREASING USE OF AUTOMATION IN MANUFACTURING TO BOOST ADOPTION OF SMART FACTORY SOLUTIONS
 
 
 
 
FIGURE 17
INDUSTRIAL SENSORS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
FIGURE 18
MES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 19
OIL & GAS INDUSTRY TO BE LARGEST END USER IN 2025
 
 
 
 
FIGURE 20
AUTOMOTIVE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025
 
 
 
 
FIGURE 21
MES DOMINATED NORTH AMERICAN SMART FACTORY MARKET IN 2024
 
 
 
 
FIGURE 22
CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
FIGURE 23
SMART FACTORY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
 
 
 
 
FIGURE 24
HISTORICAL AND PROJECTED ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS, 2021–2027
 
 
 
 
FIGURE 25
SMART FACTORY MARKET DRIVERS AND THEIR IMPACT
 
 
 
 
FIGURE 26
SMART FACTORY MARKET RESTRAINTS AND THEIR IMPACT
 
 
 
 
FIGURE 27
SMART FACTORY MARKET OPPORTUNITIES AND THEIR IMPACT
 
 
 
 
FIGURE 28
SMART FACTORY MARKET CHALLENGES AND THEIR IMPACT
 
 
 
 
FIGURE 29
SMART FACTORY MARKET: VALUE CHAIN ANALYSIS
 
 
 
 
FIGURE 30
SMART FACTORY MARKET: ECOSYSTEM ANALYSIS
 
 
 
 
FIGURE 31
INVESTMENT AND FUNDING SCENARIO, 2021–2024
 
 
 
 
FIGURE 32
AVERAGE SELLING PRICE TREND OF MES SOFTWARE SUBSCRIPTIONS PER MONTH, 2021–2024
 
 
 
 
FIGURE 33
AVERAGE SELLING PRICE TREND OF MES SOFTWARE SUBSCRIPTIONS PER MONTH, BY REGION, 2021−2024
 
 
 
 
FIGURE 34
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
FIGURE 35
SMART FACTORY MARKET: PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
FIGURE 36
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TOP THREE INDUSTRIES
 
 
 
 
FIGURE 37
BUYING CRITERIA FOR TOP THREE INDUSTRIES
 
 
 
 
FIGURE 38
IMPORT SCENARIO FOR HS CODE 847950-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024
 
 
 
 
FIGURE 39
EXPORT SCENARIO FOR HS CODE 847950-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024
 
 
 
 
FIGURE 40
PATENTS APPLIED AND GRANTED, 2015–2024
 
 
 
 
FIGURE 41
AI USE CASES IN SMART FACTORY
 
 
 
 
FIGURE 42
SMART FACTORY MARKET, BY COMPONENT
 
 
 
 
FIGURE 43
INDUSTRIAL SENSORS SEGMENT TO LEAD SMART FACTORY MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 44
INDUSTRIAL 3D PRINTING: SMART FACTORY MARKET, BY OFFERING
 
 
 
 
FIGURE 45
MACHINE VISION: SMART FACTORY MARKET, BY COMPONENT
 
 
 
 
FIGURE 46
SMART FACTORY MARKET, BY SOLUTION
 
 
 
 
FIGURE 47
MES SEGMENT TO LEAD SMART FACTORY MARKET FROM 2025 TO 2030
 
 
 
 
FIGURE 48
MANUFACTURING EXECUTION SYSTEM: SMART FACTORY MARKET, BY DEPLOYMENT MODE
 
 
 
 
FIGURE 49
MANUFACTURING EXECUTION SYSTEM: SMART FACTORY MARKET, BY OFFERING
 
 
 
 
FIGURE 50
SCADA: SMART FACTORY MARKET, BY OFFERING
 
 
 
 
FIGURE 51
HARDWARE COMPONENTS OF SCADA SYSTEM
 
 
 
 
FIGURE 52
PLC HARDWARE SYSTEM
 
 
 
 
FIGURE 53
OPERATING CYCLE OF PLC
 
 
 
 
FIGURE 54
BENEFITS OF PLC
 
 
 
 
FIGURE 55
ARCHITECTURE OF RTU
 
 
 
 
FIGURE 56
ADVANTAGES OF SOFTWARE-INTEGRATED SCADA SYSTEMS
 
 
 
 
FIGURE 57
SOFTWARE DEPLOYMENT MODES
 
 
 
 
FIGURE 58
LIMITATIONS OF ON-PREMISES SCADA SYSTEMS
 
 
 
 
FIGURE 59
ADVANTAGES OF CLOUD-BASED SCADA SYSTEMS
 
 
 
 
FIGURE 60
ADVANTAGES OF SCADA SYSTEM SERVICES
 
 
 
 
FIGURE 61
SMART FACTORY MARKET, BY INDUSTRY
 
 
 
 
FIGURE 62
PHARMACEUTICALS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
FIGURE 63
AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024
 
 
 
 
FIGURE 64
SMART FACTORY MARKET, BY REGION
 
 
 
 
FIGURE 65
CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL SMART FACTORY MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 66
ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SMART FACTORY MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 67
NORTH AMERICA: SMART FACTORY MARKET SNAPSHOT
 
 
 
 
FIGURE 68
EUROPE: SMART FACTORY MARKET SNAPSHOT
 
 
 
 
FIGURE 69
ASIA PACIFIC: SMART FACTORY MARKET SNAPSHOT
 
 
 
 
FIGURE 70
REST OF THE WORLD: SMART FACTORY MARKET SNAPSHOT
 
 
 
 
FIGURE 71
SMART FACTORY MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2024
 
 
 
 
FIGURE 72
MACHINE VISION MARKET SHARE ANALYSIS, 2024
 
 
 
 
FIGURE 73
COMPANY VALUATION, 2025
 
 
 
 
FIGURE 74
FINANCIAL METRICS (EV/EBITDA), 2025
 
 
 
 
FIGURE 75
PRODUCT COMPARISON
 
 
 
 
FIGURE 76
MACHINE VISION MARKET: COMPANY EVALUATION MATRIX, 2024
 
 
 
 
FIGURE 77
SCADA MARKET: COMPANY EVALUATION MATRIX, 2024
 
 
 
 
FIGURE 78
SCADA MARKET: COMPANY OVERALL FOOTPRINT
 
 
 
 
FIGURE 79
MACHINE VISION MARKET: STARTUPS/SMES EVALUATION MATRIX, 2024
 
 
 
 
FIGURE 80
SCADA MARKET: STARTUPS/SMES EVALUATION MATRIX, 2024
 
 
 
 
FIGURE 81
ABB: COMPANY SNAPSHOT
 
 
 
 
FIGURE 82
EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 83
SIEMENS: COMPANY SNAPSHOT
 
 
 
 
FIGURE 84
SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
 
 
 
 
FIGURE 85
ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 86
HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 87
MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 88
GE VERNOVA: COMPANY SNAPSHOT
 
 
 
 
FIGURE 89
YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 90
OMRON CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 91
ENDRESS+HAUSER GROUP SERVICES AG: COMPANY SNAPSHOT
 
 
 
 
FIGURE 92
FANUC CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 93
STRATASYS: COMPANY SNAPSHOT
 
 
 
 
FIGURE 94
3D SYSTEMS, INC.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 95
COGNEX CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 96
BASLER AG: COMPANY SNAPSHOT
 
 
 
 

Methodology

The research study involved four major steps in estimating the size of the smart factory market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The next step has been to validate these findings and assumptions and size them with the help of primary research with industry experts across the value chain. Both top-down and bottom-up approaches have been used to estimate the market size. After this, the market breakdown and data triangulation approaches have been adopted to estimate the market sizes of segments and subsegments.

Secondary Research

Various secondary sources were referred to in the secondary research process to identify and collect the information required for this study. These sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research was mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from market and technology perspectives.

In the smart factory market report, the global market size has been estimated using the top-down and bottom-up approaches, along with several other dependent submarkets. The major players in the market were identified using extensive secondary research, and their presence in the market was determined using secondary and primary research. All the percentage splits and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding the smart factory market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 40% of the primary interviews were conducted with the demand-side vendors and 60% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, led us to the findings described in the report. The breakdown of primary respondents is as follows:

Smart Factory Market Size, and Share

Note: Others include sales, marketing, and product managers. RoW comprises the Middle East, Africa, and South America. Three tiers of companies have been defined based on their total revenue as of 2024: tier 3: revenue less than USD 500 million; tier 2: revenue between USD 500 million and USD 1 billion; and tier 1: revenue more than USD 1 billion.

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

Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. The key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Bottom-Up Approach

  • Identifying various industries using or expected to deploy different types of smart factory solutions at their facilities
  • Analyzing use cases across regions and companies
  • Estimating the size of the smart factory market based on the demand from these industries and companies
  • Tracking the ongoing and upcoming installation contracts, acquisitions, expansions, and product launches by various companies, and forecasting the market based on these developments and other critical parameters
  • Conducting multiple discussions with key opinion leaders to understand smart factory components and solutions by companies in these industries, and analyzing the breakdown of the scope of work carried out by each major company providing smart factory components
  • Arriving at the market estimates by analyzing the country-wise sales of smart factory solutions to companies, and combining this data to get the regional market estimates
  • Verifying and cross-checking the estimates at each level through discussions with key opinion leaders, including CEOs, directors, operations managers, and domain experts at MarketsandMarkets
  • Studying various paid and unpaid information sources, such as annual reports, press releases, and white papers

Top-Down Approach

  • Information related to the revenue of key manufacturers and providers of smart factory components and solutions was studied and analyzed to estimate the global size of the smart factory market.
  • Multiple discussions were conducted with key opinion leaders to understand the demand for smart factory components and analyze the break-up of the scope of work carried out by each major company.
  • Revenue, geographic presence, key industries served, and the diverse offerings of all identified players in the smart factory market were studied to estimate and arrive at the percentage split of different market segments.
  • All major players in the smart factory market were identified through secondary research and verified through brief discussions with industry experts.
  • Multiple discussions were conducted with key opinion leaders of all major companies involved in developing smart factory solutions to validate the market split based on component, solution, industry, and region.
  • Geographic splits were estimated through secondary sources based on factors such as the number of players offering smart factory solutions in a specific country or region, and the industries for which these players offer solutions.

Smart Factory Market : Top-Down and Bottom-Up Approach

Smart Factory Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.

Market Definition

A smart factory is a highly digitalized and automated production system connected throughout all the production processes in a facility. It can self-optimize performance across a broad network, self-adapt to changing production conditions and requirements in real time, and autonomously run an entire production system. The main advantage of a smart factory is its ability to evolve with the changing needs of the organization. A smart factory uses a network to connect the virtual and physical elements of the production process to manufacturing operations. It represents an autonomous manufacturing environment that can handle any technical issues in real time during production using fragmented information and communication structures for the optimum management of production processes.

Key Stakeholders

  • End Users
  • Government Bodies, Venture Capitalists, and Private Equity Firms
  • Smart Factory Manufacturers
  • Smart Factory Solution & Component Distributors
  • Smart Factory Industry Associations
  • Professional Service/Solution Providers
  • Research Institutions and Organizations
  • Standards, Organizations, and Regulatory Authorities in Smart Factory Market
  • System Integrators
  • Technology Consultants

Report Objectives

  • To describe and forecast the smart factory market, in terms of value, based on component, solution, and industry, in terms of value
  • To forecast the market size for the four main regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing market growth
  • To provide a detailed overview of the smart factory value chain and ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies
  • To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the smart factory market
  • To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, key conferences and events, Porter’s five forces analysis, regulatory landscape, impact of AI/Gen AI, and impact of the 2025 US Tariff on the smart factory market 
  • To provide a macroeconomic outlook for all the regions in the region chapter

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain

Key Questions Addressed by the Report

Which end-use industries drive demand in the smart factory market, and what are their significant strategies to enhance production?

Automotive, electronics, and pharmaceuticals are among the leading industries driving smart factory demand. Companies aim to improve productivity, quality control, and energy efficiency by integrating robotics, MES platforms, and predictive analytics. The shift toward customized, on-demand production encourages wider adoption of flexible and intelligent factory solutions.

How does the shift toward connected and autonomous systems influence the smart factory market?

Adoption of AI, machine learning, and wireless sensor networks enables real-time insights, remote diagnostics, and predictive maintenance. These technologies enhance decision-making, reduce downtime, and support light-out manufacturing. The convergence of IT and OT improves supply chain agility, traceability, and resilience.

What are the key drivers and opportunities for the smart factory market?

Key drivers include the growing need for operational efficiency, labor shortages, and increasing demand for quality and traceability. Opportunities are rising in green manufacturing, digital transformation of SMEs, and government-led initiatives for industrial modernization. Advanced analytics and automation tools are unlocking new levels of productivity and sustainability.

What are the challenges and restraints for the smart factory market?

Key challenges include high initial investment, integration complexity, and cybersecurity risks due to increased connectivity. Resistance to change, skill gaps in operating advanced systems, and uncertain ROI in small setups can hinder adoption. Data privacy regulations and a lack of standardized industry protocols limit rapid smart factory implementation.

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Growth opportunities and latent adjacency in Smart Factory Market

Donghyun

Jul, 2022

Could you explain why in Technology(solution) parts no more include PLM, ERP, PLC and DCS as your previous report 2018 ? I want to buy this repot in continuous point, so confusing .

Chris

Sep, 2022

Looking to understand the smart factory market at the intersection of technology, software, and services.

Kento

Sep, 2022

I would like to know the market trend of Smart factory, especially in Europe and Asia region. .

Randy

Sep, 2022

New and competitive smart factory product information. We are an automation products distributor. .

Jaewon

Sep, 2022

The current condition of the manufacturing market in the view of digital transformation .

Gabrielle

Sep, 2022

Interested in smart factory report. Please provide pricing.

Travis

Sep, 2022

Leveraging the NOW through a Designed National Economics and Infrastructure. Integrated Technology Platforms by region for all citizens as a business service - public and free provided by the EDC. Integrated across Community. Predesigned value chains for the Geography. Automated Value Generation after Value Design (Drag and Drop) of Physical Process components to Design and Create Physical Products within a Region. Export excess of specialization - surplus. Eliminate Tax. Increase Size and Scope of Revenue Generation, allowing for continuously growing Public Services. .

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