May 21, 2024

Smart Factory Market Size To Cross USD 321.98 Bn By 2032

The global smart factory market size accounted for US$ 129.74 Bn in 2022 and is projected to reach around USD 321.98  Bn by 2032, growing at a CAGR of 9.52% from 2023 to 2032.

Smart Factory Market Size 2023 To 2032

Report Summary

The global smart factory market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the smart factory market across the globe.

A comprehensive estimate on the smart factory market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of smart factory during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Smart Factory Market Report Scope 

Report CoverageDetails
Market Size in 2023USD 142.09 Billion
Market Size by 2032USD 321.98 Billion
Growth Rate from 2023 to 2032CAGR of 9.52%
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Product, By Technology and By End-user Industry
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized smart factory market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read:  Whey Protein Market Size To Cross USD 21.36 Bn By 2032

Smart Factory Market Players

The report includes the profiles of key smart factory market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • ABB Ltd.
  • DassaultSystèmes
  • General Electric Co.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Johnson Controls International
  • Mitsubishi Electric Corporation
  • Microsoft Corporation
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG.

Market Segmentation

By Product

  • Machine Vision Systems
    • Cameras
    • Processors
    • Software
    • Enclosures
    • Frame Grabbers
    • Integration Services
    • Lighting
  • Industrial Robotics
    • Articulated Robots
    • Cartesian Robots
    • Cylindrical Robots
    • SCARA Robots
    • Parallel Robots
    • Collaborative Industry Robots
  • Control Devices
    • Relays and Switches
    • Servo Drives and Motors
  • Sensors
  • Communication Technologies
    • Wired
    • Wireless
  • Other Products

By Technology

  • Product Lifecycle Management (PLM)
  • Human Machine Interface (HMI)
  • Enterprise Resource and Planning (ERP)
  • Distributed Control System (DCS)
  • Manufacturing Execution System (MES)
  • Programmable Logic Controller (PLC)
  • Supervisory Controller and Data Acquisition (SCADA)
  • Other Technologies

By End-User Industry

  • Automotive
  • Semiconductors
  • Oil and Gas
  • Chemical and Petrochemical
  • Pharmaceutical
  • Aerospace and Defense
  • Food and Beverage
  • Mining
  • Other End-user Industries

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Factory Market 

5.1. COVID-19 Landscape: Smart Factory Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Factory Market, By Product

8.1. Smart Factory Market, by Product, 2022-2032

8.1.1 Machine Vision Systems

8.1.1.1. Market Revenue and Forecast (2022-2032)

8.1.2. Industrial Robotics

8.1.2.1. Market Revenue and Forecast (2022-2032)

8.1.3. Control Devices

8.1.3.1. Market Revenue and Forecast (2022-2032)

8.1.4. Sensors

8.1.4.1. Market Revenue and Forecast (2022-2032)

8.1.5. Communication Technologies

8.1.5.1. Market Revenue and Forecast (2022-2032)

8.1.6. Other Products

8.1.6.1. Market Revenue and Forecast (2022-2032)

Chapter 9. Global Smart Factory Market, By Technology

9.1. Smart Factory Market, by Technology, 2022-2032

9.1.1. Product Lifecycle Management (PLM)

9.1.1.1. Market Revenue and Forecast (2022-2032)

9.1.2. Human Machine Interface (HMI)

9.1.2.1. Market Revenue and Forecast (2022-2032)

9.1.3. Enterprise Resource and Planning (ERP)

9.1.3.1. Market Revenue and Forecast (2022-2032)

9.1.4. Distributed Control System (DCS)

9.1.4.1. Market Revenue and Forecast (2022-2032)

9.1.5. Manufacturing Execution System (MES)

9.1.5.1. Market Revenue and Forecast (2022-2032)

9.1.6. Programmable Logic Controller (PLC)

9.1.6.1. Market Revenue and Forecast (2022-2032)

9.1.7. Supervisory Controller and Data Acquisition (SCADA)

9.1.7.1. Market Revenue and Forecast (2022-2032)

9.1.8. Other Technologies

9.1.8.1. Market Revenue and Forecast (2022-2032)

Chapter 10. Global Smart Factory Market, By End-User Industry 

10.1. Smart Factory Market, by End-User Industry, 2022-2032

10.1.1. Automotive

10.1.1.1. Market Revenue and Forecast (2022-2032)

10.1.2. Semiconductors

10.1.2.1. Market Revenue and Forecast (2022-2032)

10.1.3. Oil and Gas

10.1.3.1. Market Revenue and Forecast (2022-2032)

10.1.4. Chemical and Petrochemical

10.1.4.1. Market Revenue and Forecast (2022-2032)

10.1.5. Pharmaceutical

10.1.5.1. Market Revenue and Forecast (2022-2032)

10.1.6. Aerospace and Defense

10.1.6.1. Market Revenue and Forecast (2022-2032)

10.1.7. Food and Beverage

10.1.7.1. Market Revenue and Forecast (2022-2032)

10.1.8. Mining

10.1.8.1. Market Revenue and Forecast (2022-2032)

10.1.9. Other End-user Industries

10.1.9.1. Market Revenue and Forecast (2022-2032)

Chapter 11. Global Smart Factory Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2022-2032)

11.1.2. Market Revenue and Forecast, by Technology (2022-2032)

11.1.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2022-2032)

11.1.4.2. Market Revenue and Forecast, by Technology (2022-2032)

11.1.4.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2022-2032)

11.1.5.2. Market Revenue and Forecast, by Technology (2022-2032)

11.1.5.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2022-2032)

11.2.2. Market Revenue and Forecast, by Technology (2022-2032)

11.2.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2022-2032)

11.2.4.2. Market Revenue and Forecast, by Technology (2022-2032)

11.2.4.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2022-2032)

11.2.5.2. Market Revenue and Forecast, by Technology (2022-2032)

11.2.5.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2022-2032)

11.2.6.2. Market Revenue and Forecast, by Technology (2022-2032)

11.2.6.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2022-2032)

11.2.7.2. Market Revenue and Forecast, by Technology (2022-2032)

11.2.7.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2022-2032)

11.3.2. Market Revenue and Forecast, by Technology (2022-2032)

11.3.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2022-2032)

11.3.4.2. Market Revenue and Forecast, by Technology (2022-2032)

11.3.4.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2022-2032)

11.3.5.2. Market Revenue and Forecast, by Technology (2022-2032)

11.3.5.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2022-2032)

11.3.6.2. Market Revenue and Forecast, by Technology (2022-2032)

11.3.6.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2022-2032)

11.3.7.2. Market Revenue and Forecast, by Technology (2022-2032)

11.3.7.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2022-2032)

11.4.2. Market Revenue and Forecast, by Technology (2022-2032)

11.4.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2022-2032)

11.4.4.2. Market Revenue and Forecast, by Technology (2022-2032)

11.4.4.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2022-2032)

11.4.5.2. Market Revenue and Forecast, by Technology (2022-2032)

11.4.5.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2022-2032)

11.4.6.2. Market Revenue and Forecast, by Technology (2022-2032)

11.4.6.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2022-2032)

11.4.7.2. Market Revenue and Forecast, by Technology (2022-2032)

11.4.7.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2022-2032)

11.5.2. Market Revenue and Forecast, by Technology (2022-2032)

11.5.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2022-2032)

11.5.4.2. Market Revenue and Forecast, by Technology (2022-2032)

11.5.4.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2022-2032)

11.5.5.2. Market Revenue and Forecast, by Technology (2022-2032)

11.5.5.3. Market Revenue and Forecast, by End-User Industry (2022-2032)

Chapter 12. Company Profiles

12.1. ABB Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. DassaultSystèmes

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. General Electric Co.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Emerson Electric Co.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Honeywell International Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Johnson Controls International

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Mitsubishi Electric Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Microsoft Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Robert Bosch GmbH

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Schneider Electric SE

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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