Smart Factory Market by Technology (DCS, PLC, MES, ERP, SCADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), End-User Industry, and Region - Global Forecast to 2022

The increase in adoption of industrial robots and the evolution of Internet of Things (IoT) are the key factors driving the growth of the smart factory market. The smart factory market was valued at USD 120.98 billion in 2016 and is expected to grow at a CAGR of 9.3%, between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022. The objective of the report is to provide a detailed analysis of the smart factory market on the basis of technology, component, end-user industry, and region. The report provides detailed information regarding the major factors influencing the growth of the smart factory market. The report also provides a detailed overview of the value chain in the smart factory market.

The research methodology used to estimate and forecast the smart factory market begins with capturing data on the revenue of the key vendors through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the smart factory market from the revenues of key players. 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 with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation 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 the profiles of primaries is depicted in the below figure.

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

The smart factory market ecosystem comprises components, equipment manufacturers, system integrators, and distributors. The key players in the smart factory market include ABB Ltd.(Switzerland), Atos SE (France), Emerson Electric Co. (U.S.), FANUC Corporation (Japan), General Electric Co. (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan).

Key Target Audience

• Associations and industrial bodies
• Component suppliers and distributors
• End users of smart factory technologies across various industries
• Government bodies such as regulatory authorities and policymakers
• Industrial automation equipment providers
• Market research and consulting firms
• Original equipment manufacturers (OEMs)
• Semiconductor product designers and fabricators

 “This study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

This research report categorizes the smart factory market on the basis of technology, component, end-user industry, and region.

Smart Factory Market, by Technology:

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

Smart Factory Market, by Component:

• Sensors
• Industrial robots
• Machine vision systems
• Industrial 3D printing

Smart Factory Market, by End-user Industry:

• Process industry
  • Oil and gas
  • Food and beverages
  • Energy and power
  • Mining and metals
  • Chemical
  • Pharmaceutical
  • Pulp and paper
  • Others (cement and glass, and water and wastewater management)
• Discrete industry
  • Automotive
  • Semiconductor and electronics
  • Aerospace and defense
  • Medical devices
  • Machine manufacturing
  • Others (packaging, printing and fabricating, precision and optics, solar panel manufacturing, and foundry and forging industries.)

Smart Factory Market, by Region:

• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to 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)

Table of Contents

1 Introduction (Page No. - 19)
    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. - 23)
    2.1 Research Data
    2.2 Value Chain Analysis—Industrial Automation Industry
    2.3 Secondary and Primary Research
           2.3.1 Secondary Data
                    2.3.1.1 Key Data From Secondary Sources
           2.3.2 Primary Data
                    2.3.2.1 Primary Interviews With Experts
                    2.3.2.2 Key Industry Insights
                    2.3.2.3 Breakdown of Primaries
                    2.3.2.4 Key Data From Primary Sources
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
                    2.4.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.4.2 Top-Down Approach
                    2.4.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.5 Market Breakdown & Data Triangulation
    2.6 Research Assumptions

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 40)
    4.1 Smart Factory Market, 2017–2022 (USD Billion)
    4.2 Smart Factory Market, By Component (2017–2022)
    4.3 Smart Factory Market, By Technology (2017)
    4.4 Smart Factory Market, By Process Industry and Region (2017)
    4.5 Smart Factory Market, By Region (2017)

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Evolution
           5.2.1 Industry 1.0:
           5.2.2 Industry 2.0:
           5.2.3 Industry 3.0:
           5.2.4 Industry 4.0 (Smart Factory):
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Adoption of Industrial Robots
                    5.3.1.2 Evolution of Internet of Things (IoT) Technology and Growing Demand for Smart Automation Solution
                    5.3.1.3 Increasing Emphasis on Regulatory Compliances Across the World
                    5.3.1.4 Increased Emphasis on Energy Efficiency, Resource Optimization, and Cost of Production
                    5.3.1.5 Increasing Demand for Real-Time Data Analysis, Enhanced Visibility, and Proactive Maintenance
           5.3.2 Restraints
                    5.3.2.1 Risk Associated With Security of Cyber-Physical System
                    5.3.2.2 Huge Capital Investment Required for the Transformation of Traditional Manufacturing Into Smart Factory
           5.3.3 Opportunities
                    5.3.3.1 Ongoing Developments in the Field of Collaborative Robots
                    5.3.3.2 Advancement in 3d Printing Technology
           5.3.4 Challenges
                    5.3.4.1 Lack of Interoperability Between Information Technology (IT) and Operational Technology (OT)
                    5.3.4.2 Low Rate of Adoption of the Smart Factory Solutions in Small and Medium-Sized Businesses

6 Industry Trends (Page No. - 53)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Elements of the Smart Factory Ecosystem

7 IoT in Manufacturing and Factory Automation PaaS (Page No. - 56)
    7.1 IoT in Manufacturing
           7.1.1 Increasing Demand for the Industry-Specific Solutions Expected to Drive the Growth of the Market for IoT in Manufacturing
    7.2 Factory Automation Platform as A Service (FA PaaS)
           7.2.1 Growing Adoption of Cloud Technology Across Various End-User Industries Likely to Encourage the Adoption of FA PaaS

8 Smart Factory Market, By Technology (Page No. - 58)
    8.1 Introduction
    8.2 Product Lifecycle Management
           8.2.1 Rising Demand for Efficiency and Productivity in the Manufacturing Plants Across the Globe
    8.3 Manufacturing Execution System
           8.3.1 High Rate of Adoption of MES Owing to ITs Increasing Benefits in Process and Discrete Industries
    8.4 Programmable Logic Controller
           8.4.1 Growing Requirement of Compact Automation Solutions in Smart Factories
    8.5 Supervisory Control and Data Acquisition
           8.5.1 Shift Toward Development of SCADA App for Smartphones and Tables to Encourage Smart Factory Market Growth
    8.6 Enterprise Resource Planning
           8.6.1 Ability to Integrate All the Critical Business Information Across an Organization Boosts the Adoption of ERP Solutions in Smart Factories
    8.7 Distributed Control System
           8.7.1 Expanding Industrial Infrastructure in Developing Regions
    8.8 Human Machine Interface
           8.8.1 Evolution of Industrial Internet of Things (IIoT) and Growing Demand of Smart Automation Solutions Drives the Market Growth
    8.9 Plant Asset Management
           8.9.1 Increasing Demand for Software Solutions Capable of Determining the Failure in Advance to Avoid Future Loss

9 Smart Factory Market, By Component (Page No. - 82)
    9.1 Introduction
    9.2 Sensors
           9.2.1 Advancement in Sensor Technology Expected to Drive Smart Factory Market
    9.3 Industrial Robots
           9.3.1 Collaborative Robots
           9.3.2 Articulated Robots
           9.3.3 Cartesian Robots
           9.3.4 Scara Robots
           9.3.5 Cylindrical Robots
           9.3.6 Other Robots
    9.4 Industrial 3d Printing
           9.4.1 Availability of New Industrial 3d Printing Materials Increases Adoption of Industrial 3d Printing
    9.5 Machine Vision Systems
           9.5.1 Increasing Emphasis on Quality Control in Smart Factories Anticipated to Drive the Adoption of Machine Vison System
           9.5.2 Camera
                    9.5.2.1 Digital Camera
                    9.5.2.2 Smart Camera
           9.5.3 Frame GrABBers, Optics, and Led Lighting
           9.5.4 Processor and Software
    9.6 Communication Technology
           9.6.1 Wired Technology
                    9.6.1.1 Ethernet
                    9.6.1.2 Fieldbus
                    9.6.1.3 Profibus
           9.6.2 Wireless Technology
                    9.6.2.1 Rfid
                               9.6.2.1.1 Ability to Offer Advanced Connectivity and Faster Data Sharing Encourages Adoption of Rfid Technology in Smart Factory
                    9.6.2.2 Wi-Fi
                    9.6.2.3 Bluetooth
                               9.6.2.3.1 Launch of Advanced Bluetooth Modules for Industrial Automation and Smart Manufacturing
                    9.6.2.4 Wirelesshart
    9.7 Control Devices
    9.8 Control Valves

10 Smart Factory Market, By End-User Industry (Page No. - 104)
     10.1 Introduction
     10.2 Process Industry
             10.2.1 Oil and Gas
                        10.2.1.1 Increasing Number of Drilling Operations in Remote Offshore Location Raising the Demand for Remote Monitoring Solutions
             10.2.2 Chemical
                        10.2.2.1 Growing Automation in Chemical Industry to Drive Growth of the Smart Factory Market
             10.2.3 Pulp and Paper
                        10.2.3.1 Ongoing Digitalization of the Paper Manufacturing Process to Encourage the Adoption of Smart Manufacturing Solutions
             10.2.4 Pharmaceutical
                        10.2.4.1 Increasing Demand for Automation to Ensure the Sophisticated Manufacturing Process
             10.2.5 Mining and Metals
                        10.2.5.1 Rising Demand for Preventive Maintenance Encourages Adoption of Smart Factory Solutions
             10.2.6 Food and Beverages
                        10.2.6.1 Rapid Technological Development in the Industry is Expected to Boost the Smart Factory Market
             10.2.7 Energy and Power
                        10.2.7.1 Increasing Need of Advanced Monitoring Solutions Drives the Demand for Smart Technologies
             10.2.8 Others
                        10.2.8.1 Growing Emphasis on Product Quality and Production Efficiency is Expected to Drive the Demand for the Process Control Solutions
                        10.2.8.2 Technological Advancement Leads to the Adoption of Automation Solutions in Water Treatment Plants
     10.3 Discrete Industry
             10.3.1 Automotive
                        10.3.1.1 Increasing Investment By Key Automotive Manufacturers for the Deployment of Smart Factory Solutions
             10.3.2 Aerospace and Defense
                        10.3.2.1 High Equipment Cost Encourages Adoption of Smart Factory Solutions to Ensure Proper Functioning of the Equipment
             10.3.3 Semiconductor and Electronics
                        10.3.3.1 High Competition in the Industry Encourages the Adoption of Smart Factory Solutions to Enhance the Productivity
             10.3.4 Machine Manufacturing
                        10.3.4.1 Increasing Need of Predictive Maintenance is Expected to Drive the Adoption of Smart Factory Solutions
             10.3.5 Medical Devices
                        10.3.5.1 Smart Factory Solutions Enable Smooth Flow of Information Across Production Process
             10.3.6 Others

11 Regional Analysis (Page No. - 122)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
                        11.2.1.1 Increasing Investment By End Users and New Product Launches By Key Market Players Expected to Drive the Smart Factory Market in the U.S.
             11.2.2 Canada
                        11.2.2.1 Increasing Government Support for the Adoption of Advanced Manufacturing Technologies Likely to Boost Market Growth
             11.2.3 Mexico
                        11.2.3.1 Increasing Investment and Expansion By Global Market Players Anticipated to Encourage the Smart Factory Market
     11.3 Europe
             11.3.1 U.K.
                        11.3.1.1 Government Support for the Development of IoT Technology Expected to Boost the Growth of the Smart Factory Market
             11.3.2 Germany
                        11.3.2.1 Intensive R&D Program Promoted By the Government to Support Industry 4.0
             11.3.3 France
                        11.3.3.1 Government Initiatives and Support are Likely to Fuel the Growth of the Smart Factory Market in France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
                        11.4.1.1 Increasing Labor Costs in the Country is Expected to Encourage the Adoption of Advanced Automation Solutions
             11.4.2 Japan
                        11.4.2.1 Ongoing Development in the Field of Smart Manufacturing in the Country is Likely to Drive the Market
             11.4.3 South Korea
                        11.4.3.1 Strong Government Support and Rising Investments Encourage the Smart Factory Market
             11.4.4 India
                        11.4.4.1 Make in India Initiative is Expected to Boost the Manufacturing Industry in the Country
             11.4.5 Rest of APAC
     11.5 Rest of the World (RoW)
             11.5.1 South America
                        11.5.1.1 Key Market Players Offering Industry-Specific Solutions to End Users
             11.5.2 Middle East
                        11.5.2.1 High Adoption of Advanced Manufacturing Solutions in the Oil and Gas Industry Driving the Growth of the Market in the Middle East
             11.5.3 Africa
                        11.5.3.1 Digitalization of the Mines to Propel the Growth of the Smart Factory Market in Africa

12 Competitive Landscape (Page No. - 145)
     12.1 Overview
     12.2 Competitive Analysis
             12.2.1 Market Ranking Analysis: Smart Factory Market, 2016
     12.3 Smart Factory Market Dive Chart
             12.3.1 Introduction
                        12.3.1.1 Vanguard
                        12.3.1.2 Dynamic
                        12.3.1.3 Innovator
                        12.3.1.4 Emerging
             12.3.2 Micro Quadrant
                        12.3.2.1 Product Offering
                        12.3.2.2 Business Strategy
(ABB Ltd., Advantech Co., Ltd., Altizon Systems, ATOS SE, Cisco Systems, Inc., Dassault Systèmes Sa, Emerson Electric Co., Enersize OY, Fanuc Corporation, Flutura, General Electric Co., Honeywell International Inc., Huawei Technologies Co., Ltd., Konux Inc., Kuka Ag, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., SAP SE, Schneider Electric SE, Siemens Ag, Smart Factory Solution, Wi-Next Inc., Worximity Technology Inc., and Yokogawa Electric Corporation)
     12.4 Competitive Situations and Trends
             12.4.1 New Product Launches and Developments
             12.4.2 Partnerships, Contracts, and Collaborations
             12.4.3 Acquisitions and Expansions

13 Company Profiles (Page No. - 155)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, MnM View)*
     13.2 Siemens AG
     13.3 General Electric Co.
     13.4 ABB Ltd.
     13.5 Rockwell Automation, Inc.
     13.6 Schneider Electric SE
     13.7 Honeywell International Inc.
     13.8 Fanuc Corporation
     13.9 Mitsubishi Electric Corporation
     13.10 Emerson Electric Co.
     13.11 Yokogawa Electric Corporation
     13.12 ATOS SE
     13.13 Robert Bosch GmbH
     13.14 Key Innovators
             13.14.1 Smart Factory Solutions
             13.14.2 Worximity Technology Inc.
             13.14.3 Flutura
             13.14.4 Konux Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 198)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (65 Tables)

Table 1 List of Major Secondary Sources
Table 2 Smart Factory Market, By Offering, 2014–2022 (USD Billion)
Table 3 Smart Factory Market, By Technology, 2014–2022 (USD Billion)
Table 4 Smart Factory Market for Technology, By End-User Industry, 2014–2022 (USD Billion)
Table 5 Smart Factory Market for Technology, By Process Industry, 2014–2022 (USD Billion)
Table 6 Smart Factory Market for Technology, By Discrete Industry, 2014–2022 (USD Billion)
Table 7 Smart Factory Market for PLM, By Region, 2014–2022 (USD Million)
Table 8 Smart Factory Market for PLM, By Process Industry, 2014–2022 (USD Million)
Table 9 Smart Factory Market for PLM, By Discrete Industry, 2014–2022 (USD Million)
Table 10 Smart Factory Market for MES, By Region, 2014–2022 (USD Billion)
Table 11 Smart Factory Market for MES, By Process Industry, 2014–2022 (USD Million)
Table 12 Smart Factory Market for MES, By Discrete Industry, 2014–2022 (USD Million
Table 13 Smart Factory Market for PLC, By Region, 2014–2022 (USD Billion)
Table 14 Smart Factory Market for PLC, By Process Industry, 2014–2022 (USD Billion)
Table 15 Smart Factory Market for SCADA, By Region, 2014–2022 (USD Million)
Table 16 Smart Factory Market for SCADA, By Process Industry, 2014–2022 (USD Million)
Table 17 Smart Factory Market for SCADA, By Discrete Industry, 2014–2022 (USD Million)
Table 18 Smart Factory Market for ERP, By Region, 2014–2022 (USD Million)
Table 19 Smart Factory Market for ERP, By Process Industry, 2014–2022 (USD Million)
Table 20 Smart Factory Market for ERP, By Discrete Industry, 2014–2022 (USD Million)
Table 21 Smart Factory Market for DCS, By Region, 2014–2022 (USD Billion)
Table 22 Smart Factory Market for DCS, By Process Industry, 2014–2022 (USD Billion)
Table 23 Smart Factory Market for HMI, By Region, 2014–2022 (USD Million)
Table 24 Smart Factory Market for HMI, By Process Industry, 2014–2022 (USD Million)
Table 25 Smart Factory Market for HMI, By Discrete Industry, 2014–2022 (USD Million)
Table 26 Smart Factory Market for PAM, By Region, 2014–2022 (USD Million)
Table 27 Smart Factory Market for PAM, By Process Industry, 2014–2022 (USD Million)
Table 28 Smart Factory Market for PAM, By Discrete Industry, 2014–2022 (USD Million)
Table 29 Smart Factory Market, By Component, 2014–2022 (USD Billion)
Table 30 Smart Factory Market for Component, By End-User Industry, 2014–2022 (USD Billion)
Table 31 Smart Factory Market for Components, By Process Industry, 2014–2022 (USD Billion)
Table 32 Smart Factory Market for Component, By Discrete Industry, 2014–2022 (USD Billion)
Table 33 Smart Factory Market for Sensors, By Region, 2014–2022 (USD Billion)
Table 34 Smart Factory Market for Sensors, By Process Industry, 2014–2022 (USD Billion)
Table 35 Smart Factory Market for Sensors, By Discrete Industry, 2014–2022 (USD Billion)
Table 36 Smart Factory Market for Industrial Robots, By Process Industry, 2014–2022 (USD Billion)
Table 37 Smart Factory Market for Industrial Robots, By Discrete Industry, 2014–2022 (USD Billion)
Table 38 Smart Factory Market for Industrial 3d Printing, By Region, 2014–2022 (USD Million)
Table 39 Smart Factory Market for Industrial 3d Printing, By Process Industry, 2014–2022 (USD Million)
Table 40 Smart Factory Market for Industrial 3d Printing, By Discrete Industry, 2014–2022 (USD Million)
Table 41 Smart Factory Market for Machine Vision Systems, By Region, 2014–2022 (USD Billion)
Table 42 Smart Factory Market for Machine Vision Systems, By Process Industry, 2014–2022 (USD Billion)
Table 43 Smart Factory Market for Machine Vision Systems, By Discrete Industry, 2014–2022 (USD Billion)
Table 44 Smart Factory Market, By End-User Industry, 2014–2022 (USD Billion)
Table 45 Smart Factory Market, By Process Industry, 2014–2022 (USD Billion)
Table 46 Smart Factory Market for Process Industry, By Technology, 2014–2022 (USD Billion)
Table 47 Smart Factory Market for Process Industry, By Component, 2014–2022 (USD Billion)
Table 48 Smart Factory Market, By Discrete Industry, 2014–2022, (USD Billion)
Table 49 Smart Factory Market for Discrete Industry, By Technology, 2014–2022 (USD Billion)
Table 50 Smart Factory Market for Discrete Industry, By Component, 2014–2022 (USD Billion)
Table 51 Smart Factory Market, By Region, 2014–2022 (USD Billion)
Table 52 Smart Factory Market in North America, By Country, 2015–2022 (USD Billion)
Table 53 Smart Factory Market in Europe, By Country, 2014–2022, (USD Billion)
Table 54 Smart Factory Market in Germany, By Offering, 2014–2022, (USD Billion)
Table 55 Smart Factory Market in Germany, By Technology, 2014–2022, (USD Million)
Table 56 Smart Factory Market in Germany, By Component, 2014–2022, (USD Million)
Table 57 Smart Factory Market in APAC, By Country, 2014–2022, (USD Billion)
Table 58 Smart Factory Market in RoW, By Country, 2014–2022 (USD Billion)
Table 59 Smart Factory Market in South America, By Offering, 2014–2022 (USD Billion)
Table 60 Smart Factory Market in South America, By Technology, 2014–2022 (USD Million)
Table 61 Smart Factory Market in South America, By Component, 2014–2022 (USD Million)
Table 62 Market Ranking of the Top 5 Players in the Smart Factory Market, 2015
Table 63 New Product Launches and Developments
Table 64 Partnerships, Contracts, and Collaborations
Table 65 Acquisitions and Expansions

List of Figures (75 Figures)

Figure 1 Smart Factory: Market Segmentation
Figure 2 Smart Factory Market: Research Design
Figure 3 Value Chain: Industrial Automation
Figure 4 Bottom-Up Approach to Arrive at the Market Size
Figure 5 Top-Down Approach to Arrive at the Market Size
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Smart Factory Market for MES Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Smart Factory Market for Industrial 3d Printing to Grow at the Highest Rate During Forecast Period
Figure 10 Smart Factory Market for Medical Devices Industry Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 11 Market for the Oil and Gas Industry Expected to Hold the Largest Size During the Forecast Period
Figure 12 APAC to Have the Highest Market Share During the Forecast Period
Figure 13 Growing Demand for the Smart Automation Solutions Expected to Drive the Growth of the Smart Factory Market During Forecast Period
Figure 14 Market for Industrial 3d Printing Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 15 DCS Technology Expected to Dominate the Smart Factory Market Between 2017 and 2022
Figure 16 Oil and Gas Industry Expected to Hold the Largest Share of the Smart Factory Market By Process Industry in 2017
Figure 17 U.S. Expected to Hold the Largest Share of the Smart Factory Market in 2017
Figure 18 Industrial Revolution: Industry 1.0 to Industry 4.0 (Smart Factory)
Figure 19 Increasing Adoption of Industrial Robots, and Evolution of IoT and Growing Demand for Smart Automation Solutions Driving the Growth of the Smart Factory Market
Figure 20 Worldwide Annual Sale of Industrial Robots, 2010–2015
Figure 21 IoT Transforming the Smart Factory Ecosystem
Figure 22 Overall Collaborative Robots Market, 2016–2022
Figure 23 Value Chain Analysis: Maximum Value Added During the System Integration, and Automation and Instrumentation Stages
Figure 24 Smart Factory Ecosystem Comprises Six Major Automation Technologies
Figure 25 Smart Factory Market, By Technology
Figure 26 Automotive Industry Expected to Hold the Largest Size of the Smart Factory Market for Technology Between 2017 and 2022
Figure 27 Aerospace and Defense Industry Expected to Hold the Largest Size of the Smart Factory Market for PLM Between 2017 & 2022
Figure 28 Automotive Industry Expected to Hold the Largest Size of the Smart Factory Market for MES Between 2017 and 2022
Figure 29 Smart Factory Market for PLC, By Automotive Industry, 2014–2022 (USD Billion)
Figure 30 Automotive Industry Expected to Hold the Largest Size of the Smart Factory Market for SCADA During the Forecast Period
Figure 31 Market for ERP in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 32 APAC Expected to Hold the Largest Size of the Smart Factory Market for DCS From 2017 to 2022
Figure 33 Market for HMI in APAC Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 34 APAC Expected to Hold the Largest Size of the Smart Factory Market for PAM During the Forecast Period
Figure 35 Smart Factory Market, By Component
Figure 36 Automotive Industry Expected to Hold the Largest Size of the Smart Factory Market for Component During the Forecast Period
Figure 37 Smart Factory Market for Sensors Market in APAC Expected to Grow at the Fastest Rate During the Forecast Period
Figure 38 Mining and Metals Industry to Hold Largest Size of the Smart Factory Market for Industrial Robots During the Forecast Period
Figure 39 Food and Beverages Industry to Account for Largest Share of the Smart Factory Market for Process Industry
Figure 40 Smart Factory Market, By Machine Vision Systems
Figure 41 Market for Semiconductor and Electronics Industry Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 42 Communication Technologies in Smart Factories
Figure 43 Smart Factory Market, By End-User Industry
Figure 44 Smart Factory Market for Discrete Industry Expected to Grow at A Higher Rate During the Forecast Period
Figure 45 Smart Factory Market, By Process Industry
Figure 46 DCS Technology Expected to Hold the Largest Size of the Smart Factory Market During the Forecast Period
Figure 47 Smart Factory Market, By Discrete Industry
Figure 48 Market for Medical Devices Industry Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 49 MES Technology Expected to Hold the Largest Size of the Smart Factory Market for Discrete Industry By 2022
Figure 50 Geographic Snapshot: Global Smart Factory Market
Figure 51 Snapshot: Smart Factory Market in North America
Figure 52 The U.S. Expected to Hold the Largest Share of the Smart Factory Market in North America in 2017
Figure 53 Italy Anticipated to Witness Highest Growth in the Smart Factory Market in Europe Between 2017 and 2022
Figure 54 Smart Factory Market in Germany for Component Expected to Grow at A Higher Rate Between 2017 and 2022
Figure 55 Snapshot: Smart Factory Market in APAC
Figure 56 Smart Factory Market in China Expected to Grow at the Fastest Rate Between 2017 and 2022
Figure 57 Smart Factory Market in the Middle East to Grow at the Highest Rate in RoW During the Forecast Period
Figure 58 Technology Expected to Hold A Larger Size of the Smart Factory Market During the Forecast Period
Figure 59 New Product Launches and Developments as the Key Growth Strategies Adopted By the Companies Between 2015 and 2017
Figure 60 Dive Chart
Figure 61 Market Evolution Framework: New Product Launches and Developments Fueled the Growth of the Smart Factory Market (2015–2017)
Figure 62 Battle for Market Share: New Product Launches and Developments Was the Key Strategy Adopted
Figure 63 Geographic Revenue Mix of the Top 5 Players (2015)
Figure 64 Siemens AG: Company Snapshot
Figure 65 General Electric Co.: Company Snapshot
Figure 66 ABB Ltd.: Company Snapshot
Figure 67 Rockwell Automation, Inc.: Company Snapshot
Figure 68 Schneider Electric SE: Company Snapshot
Figure 69 Honeywell International Inc.: Company Snapshot
Figure 70 Fanuc Corporation : Company Snapshot
Figure 71 Mitsubishi Electric Corporation: Company Snapshot
Figure 72 Emerson Electric Co.: Company Snapshot
Figure 73 Yokogawa Electric Corporation: Company Snapshot
Figure 74 ATOS SE: Company Snapshot
Figure 75 Robert Bosch GmbH : Company Snapshot

The smart factory market is projected to be valued at USD 205.42 billion by 2022, growing at a CAGR of 9.3%, between 2017 and 2022. The growth of this market is propelled by the increase in adoption of industrial robots, and the evolution of Internet of Things (IoT).

Distributed control system (DCS) technology is expected to hold the largest share of the overall smart factory market in 2017. DCS is used to offer regulatory controls to the manufacturing process industry. It provides the finest control for the regulatory applications and is used for the integration of power measuring devices, drives, and soft starters. Integration of motor managing data in the DCS helps in real-time monitoring of the motors and is used to detect the failures in the motors before their occurrences. The market for manufacturing execution system (MES) technology is projected to grow at the highest rate between 2017 and 2022. MES is typically implemented to improve productivity, follow government regulations, reduce shipping time, and cut down the manual dependence for processing data. MES applications enable cost savings, improved operations, and high performance of production assets across the supply chain for local manufacturers.

The market for industrial robots is projected to account for the highest share of the global smart factory market during the forecast period. Implementing industrial robotics in the smart manufacturing processes can improve productivity, reduce the chances of human errors, and increase the production volume. However, the market for industrial 3D printing is expected to witness the highest CAGR between 2017 and 2022, owing to increasing adoption of 3D printing technology in the various process as well as discrete industries such as automotive, aerospace and defense, food and beverages, and semiconductor and electronics.

The market for the automotive industry is projected to account for the highest share of the global smart factory market during the forecast period. Smart manufacturing plays a key role in the development and production of quality automobiles. Innovations in the assembly line methods are welcomed by the vehicle manufacturers to enhance quality and increase factory productivity. Furthermore, in the process industry, adoption of smart factory related technologies and components is expected to be highest in the oil and gas industry, owing to the increasing need for safety and reliability in the oil and gas plant. The companies operating in the oil and gas industry always look for new ways to meet the rising needs for energy as well as to cut their operating costs and enhance the overall efficiency of the plant.

APAC held the largest share of the overall smart factory market, and this market is expected to grow at the highest rate during the forecast period. Continuous advancements and technological innovations in various industries; economic development in China, Japan, and India; growth in infrastructural developments in other countries in Southeast Asia; and an increase in foreign investments in this region are the major driving factors for the growth of the smart factory market in the region. Additionally, the large-scale industrialization and urbanization are the factors fueling the growth of the smart factory market.

Some of the key restraining factors for the smart factory market are a requirement of huge capital investments and the security risks associated with the cyber-physical system. The key market players, including ABB Ltd.(Switzerland), Atos SE (France), Emerson Electric Co. (U.S.), FANUC Corporation (Japan), General Electric Co. (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan) focused on strategies such as new product launches, contracts, agreements, and partnerships to enhance their geographical presence and expand their businesses.

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