Global Smart Factory Market Insights, Forecast to 2028

Global Smart Factory Market Insights, Forecast to 2028

The global Smart Factory market size is projected to reach US$ 149,014 million by 2028, from US$ 81,848 million in 2022, at a CAGR of 10.50% during 2022-2028.

Fully considering the economic change by this health crisis, Smart Factory Hardware accounting for 68.23% of the Smart Factory global market in 2022, is projected to value US$ 99,623 million by 2028, growing at a revised 10.13% CAGR in the post-COVID-19 period. While Smart Factories for Automotive segment is altered to an 12.44% CAGR throughout this forecast period.

China Smart Factory market size is valued at US$ 22,959 million in 2022, while the North America and Europe Smart Factory are US$ 22,269 million and US$ 17,984 million, severally. The proportion of the North America is 27.21% in 2022, while China and Europe are 28.05% and 21.97% respectively, and it is predicted that China proportion will reach 31.98% in 2028, trailing a CAGR of 12.94% through the analysis period. Japan, South Korea, and India are noteworthy markets in Asia, with CAGR 9.53%, 10.44%, and 15.74% respectively for the next 6-year period. As for the Europe Smart Factory landscape, Germany is projected to reach US$ 10,048 million by 2028 trailing a CAGR of 8.59% over the forecast period.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Smart Factory market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Smart Factory market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Smart Factory market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Smart Factory market.

Global Smart Factory Scope and Market Size

Smart Factory market is segmented by players, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Factory market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2017-2028.

By Company

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

Segment by Type

Smart Factory Hardware

Smart Factory Software

Smart Factory Services

Segment by Application

Smart Factories for Automotive

Smart Factories for Aerospace & Defence

Smart Factories for Electrical & Electronics

Smart Factories for Food & Beverages

Smart Factories for Energy & Utilities

Smart Factories for Healthcare & Pharmaceuticals

Others

By Region

North America

United States

Canada

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Europe

Germany

France

U.K.

Italy

Russia

Rest of Europe

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA