Global Smart Factory Market Growth (Status and Outlook) 2025-2031
The global Smart Factory market size is predicted to grow from US$ 95040 million in 2025 to US$ 176730 million in 2031; it is expected to grow at a CAGR of 10.9% from 2025 to 2031.
A smart factory is a digitised manufacturing facility that uses connected devices, machinery and production systems to continuously collect and share data.
Rapid technological advancements and digital trends such as industrial IoT (Internet of Things), 5G, etc., are anticipated to boost the establishment of smart factories across the world.
Global Smart Factory key players include Siemens, ABB, Atos SE, Cisco Systems Inc. and General Electric. Global top five manufacturers hold a share nearly 20%.
North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.
In terms of product, Smart Factory Hardware is the largest segment, with a share nearly 70%. And in terms of application, the largest application is Automotive, followed by Electrical & Electronics, Energy & Utilities and Food & Beverages.
LPI (LP Information)' newest research report, the “Smart Factory Industry Forecast” looks at past sales and reviews total world Smart Factory sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Factory sales for 2025 through 2031. With Smart Factory sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Factory industry.
This Insight Report provides a comprehensive analysis of the global Smart Factory landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Smart Factory portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Factory market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Factory and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Factory.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Factory market by product type, application, key players and key regions and countries.
Segmentation by Type:
Smart Factory Hardware
Smart Factory Software
Smart Factory Services
Segmentation by Application:
Automotive
Aerospace & Defence
Electrical & Electronics
Food & Beverages
Energy & Utilities
Healthcare & Pharmaceuticals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
ABB
Atos SE
Cisco Systems Inc.
General Electric
Emerson
Bosch
Honeywell
Microsoft Corporation
IBM
Schnieder Electric
Oracle Corporation
Rockwell Automation Inc.
SAP SE
Yokogawa Electric
Please note: The report will take approximately 2 business days to prepare and deliver.