Smart Factory Market, By Component, By Solution, By Manufacturing Verticals, By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
The Global Smart Factory market encompasses the provision of software and hardware solutions that enable efficient monitoring, control, and optimization of energy usage across various sectors. These solutions help organizations track energy consumption, identify areas of inefficiency, and implement strategies to enhance energy efficiency, reduce costs, and achieve sustainability objectives. EMS systems gather real-time energy consumption data from diverse sources like utility meters, sensors, and equipment. Advanced algorithms and analytics tools are employed to analyze and process this data, generating insights and recommendations for optimizing energy usage.
Market Dynamics:
The Global Smart Factory Market is characterized by dynamic and evolving trends that are reshaping the manufacturing landscape. Advancements in digital technologies, such as IoT, AI, cloud computing, and robotics, have accelerated the adoption of Smart Factory solutions worldwide. The market is driven by the need for increased operational efficiency, improved productivity, and enhanced product quality. Smart Factories offer real-time data insights, predictive maintenance capabilities, and streamlined automation, enabling manufacturers to optimize production processes and reduce downtime. The COVID-19 pandemic has further highlighted the importance of Smart Factory technologies in enabling agile and resilient manufacturing operations. The pandemic's disruptions to supply chains and workforce availability have spurred companies to invest in digital transformation to ensure continuity and adaptability in the face of unforeseen challenges. Remote monitoring and remote operations capabilities have become essential in maintaining production amid restrictions and safety protocols. However, the Smart Factory market also faces challenges, such as the lack of standardized protocols and the need for a skilled workforce. Interoperability issues arising from non-standardized systems may hinder seamless integration, while the shortage of skilled personnel capable of operating and maintaining these advanced technologies can impede widespread adoption.
Key features of the study:
This report provides in-depth analysis of the global smart factory market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global smart factory market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Companies covered as a part of this study include Oracle Corporation, ABB Group, Atos SE, Rockwell Automation, Inc., Accenture PLC, General Electric Co., PTC Inc., Siemens AG, SAP SE, and IBM Corporation.
Key developments/strategy insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global smart factory market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the smart factory market
Detailed Segmentation:
Global Smart Factory Market, By Component
Industrial Sensors
Industrial Robots
Industrial 3D Printing
Machine Vision
Global Smart Factory Market, By Solution
SCADA
MES
Industrial Safety
PAM
Global Smart Factory Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Global Smart Factory Market, By Manufacturing Verticals
Automobile & Transportation
Food & Beverages
Electrical & Electronics
Aerospace & Defense
Oil & Gas
Garment & Textile
Chemical & Material
Others (healthcare & pharmaceuticals)
Company Profiles:
Oracle Corporation.
ABB Group
Atos SE
Rockwell Automation
Accenture PLC
General Electric Co.
PTC Inc.
Siemens AG
SAP SE
IBM Corporation
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Smart Factory Market, By Component
Smart Factory Market, By Solution
Smart Factory Market, By Manufacturing Verticals
Smart Factory Market, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increased Efficiency and Productivity
Cost Reduction
Restraints
High Initial Investment Costs
Data Privacy and Cyber security Concerns
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Smart Factory Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Smart Factory Market, By Component, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Industrial Sensors
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Industrial Robots
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Industrial 3D Printing
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Machine Vision
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
6. Smart Factory Market, By Solution, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
SCADA
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
MES
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Industrial Safety
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
PAM
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
7. Smart Factory Market, By Manufacturing Verticals, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Automobile & Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Food & Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Electrical & Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Aerospace & Defense
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Oil & Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Garment & Textile
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Chemical & Material
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
Others (healthcare & pharmaceuticals)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Segment Trends
8. Smart Factory Market , By Region, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018–2028
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, , By country, 2018-2030,(US$ Bn)
Middle East and Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)