Market Definition

The smart factory is a technologically advanced factory that is equipped with cyber-physical technologies that allow materials to be moved efficiently around the manufacturing floor. This advanced system contains integrated computing codes that enable it to deliver an automated solution. This automation may be installed in a manufacturing facility within 60 days and will streamline and track the movement of materials through the facility during production. Smart factory includes data models as well as factory-specific and MES templates that may be used immediately. Comparing the utilisation of smart factories to traditional production systems, it is shown that they improve quality and productivity while decreasing operational costs. Smart factories have gained in popularity in recent years, owing to a surge in the adoption of intelligence technologies across a wide range of industries, including energy, mining, manufacturing, and petrochemicals, as well as in government.

As the manufacturing process becomes more efficient and energy-efficient, there will be a greater demand for smart factories. This is one of the primary factors driving the growth of this market. Automation has helped industrial units to make the most of every second of available production time by optimising the manufacturing process as efficiently as possible. Smart factories are enabled by technological breakthroughs such as machine-to-machine communication, which eliminates time wastage caused by delays in the process transition. Furthermore, with the emergence of the Internet of Things (IoT) and its associated services, the integration of manufacturing and engineering processes has made significant strides forward. However, due to a lack of standards and interoperability concerns, the expansion of the smart factory sector is being held back. These considerations present questions when developing integrated systems that incorporate components from a variety of automation solution suppliers. Because of a scarcity of qualified labour and an expanding skill gap, the smart factory market is experiencing significant growth restraint.

The greatest obstacle to deploying smart manufacturing solutions is a lack of connectivity between information technology and operational technology. IT and operational technology (OT) use separate protocols and architecture, which considerably increases the complexity and costs associated with the implementation of smart factories and other industrial automation technologies. The majority of operational technology systems today operate in silos. A smart factory, on the other hand, necessitates the development of a fully functional digital ecosystem that allows for smooth data sharing between machines and other physical systems from various manufacturers.

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

This report offers the major market player’s profiles, such as  ABB Ltd. (Switzerland), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan)

The Smart Factory Market report has been categorized as below

By Component:

  • Industrial Sensors

  • Industrial Robots

  • Industrial 3D Printers

  • Machine Vision Systems

By Solution

  • SCADA

  • PAM

  • MES

  • Industrial Safety

By Industry

  • Process Industries
    • Oil & Gas
    • Chemicals
    • Pharmaceuticals
    • Energy & Power
    • Metals & Mining
    • Pulp & Paper
    • Food & Beverages
  • Others (cement, glass, forging, water & wastewater management, precision engineering, ceramics & stone, and wood industries)
  • Discrete Industries

    • Automotive
    • Aerospace & Defense
    • Semiconductor & Electronics
    • Machine Manufacturing
    • Medical Devices
    • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year – 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitors are exploring?
  • Key players in the Smart Factory Market and how extreme is the competition?
  • What are the future market trends that manufacturers are emphasizing on in the future updates?
  • For each segment, what are the crucial opportunities in the market?
  • What are the key growth strategies embraced by key market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Obtain comprehensive insights on the Smart Factory market trends
  • Note comprehensive analysis of the market status
  • Identifies the market opportunities and growth segments
  • Assessing business segments & product portfolios, and explain competitive dynamics
  • Provide strategy planning and industry dynamics to strengthen decision making

Report Content

1. Global Smart Factory Market Introduction

1.1. Key Insights

1.2. Report Overview

1.3. Markets Covered

1.4. Stakeholders

2. Research Methodology

2.1. Research Scope

2.2. Market Research Process

2.3. Research Data Analysis

2.4. Market Size Estimation

3. Executive Summary 
4. Market Overview

4.1. Introduction

4.2. Market Drivers and Restraints

5. By Component:

5.1. Industrial Sensors

5.2. Industrial Robots

5.3. Industrial 3D Printers

5.4. Machine Vision Systems

6. By Solution

6.1. SCADA

6.2. PAM

6.3. MES

6.4. Industrial Safety

7. By Industry

7.1.  Process Industries

7.1.1.  Oil & Gas

7.1.2. Chemicals

7.1.3. Pharmaceuticals

7.1.4. Energy & Power

7.1.5. Metals & Mining

7.1.6. Pulp & Paper

7.1.7. Food & Beverages

7.1.8. Others (cement, glass, forging, water & wastewater management, precision engineering, ceramics & stone, and wood industries)

7.2. Discrete Industries

7.2.1. Automotive

7.2.2. Aerospace & Defense

7.2.3. Semiconductor & Electronics

7.2.4. Machine Manufacturing

7.2.5. Medical Devices

7.2.6. Other

8. By Region

8.1. Key Points

8.2. North America

8.3. Europe

8.4. Asia Pacific

8.5. Rest of the World

9. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

9.1. ABB Ltd. (Switzerland)

9.2. Endress+Hauser AG (Switzerland)

9.3. Emerson Electric Co. (US)

9.4. General Electric (US)

9.5. Rockwell Automation, Inc. (US)

9.6. Schneider Electric SE (France)

9.7. Siemens AG (Germany)

9.8. Mitsubishi Electric Corp. (Japan)

9.9. Honeywell International Inc. (US)

9.10. Yokogawa Electric Corp. (Japan)

The Smart Factory Market report has been categorized as below

By Component:

  • Industrial Sensors

  • Industrial Robots

  • Industrial 3D Printers

  • Machine Vision Systems

By Solution

  • SCADA

  • PAM

  • MES

  • Industrial Safety

By Industry

  • Process Industries
    • Oil & Gas
    • Chemicals
    • Pharmaceuticals
    • Energy & Power
    • Metals & Mining
    • Pulp & Paper
    • Food & Beverages
  • Others (cement, glass, forging, water & wastewater management, precision engineering, ceramics & stone, and wood industries)
  • Discrete Industries

    • Automotive
    • Aerospace & Defense
    • Semiconductor & Electronics
    • Machine Manufacturing
    • Medical Devices
    • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

Licence Option

  • Single User-
    2500 USD 1500 USD
  • Multiple User-
    5500 USD 3500 USD

Quality assurance

A testimonial for service in the form of BBB “A” Accreditation.

Your personal and confidential information is safe and secure.

  - Information security

© 2021 Whipsmart. All Rights Reserved.

Terms of use| Site Map