February 27, 2020

Latest Technology In Smart Factory Market

Smart Factory Market: Summary

The global smart factory market is estimated to reach USD 267.1 Billion in 2024 at a CAGR of 8.9%. Increasing adoption of wireless and sensor technologies, growing adoption of industrial robots, and increase complexity in supply chain management is expected to drive the smart factory market during the forecast period. However, high initial capital investment and risk associated with data loss and cyber security is expected to restrain the market during the forecast period. 3D printing technology is expected to become an opportunity for smart factory market.

The smart factory is a high digitized and connected production facility which depends on smart manufacturing. Moreover, it connects with plant to other entities in the digital supply network to enable effective supply chain management. In smart factory, machinery and equipment are able to improve processes through self-optimization and automation. Some key players in smart factory are Siemens AG, Fanuc Corporation, General Electric Company, Mitsubishi Electric Corporation, and Honeywell International Inc.

Smart Factory Market: Report Scope

The report on the smart factory market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.


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Smart Factory Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global smart factory market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of hardware, the market is segmented into industrial robots, sensors, machine vision systems, and others. By software, the smart factory market is segmented into product life cycle management (PLM), enterprise resource planning (ERP), machine execution systems (MES), programmable logic controller (PLC), supervisory control and data acquisition (SCADA), and Others. On the basis of wireless connectivity, the market is segmented into wireless fidelity (Wi-Fi), WirelessHART, Bluetooth, and Zigbee. By end use industry the market is segmented into oil and gas, chemicals, automotive, electronics and semiconductors, aerospace and defense, and healthcare.

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Smart Factory Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Smart Factory Market by Hardware

•       Industrial robots

•       Collaborative Robots

•       Articulated Robots

•       Cartesian Robots

•       Selective Compliance Assembly Robot Arm (SCARA) Robots

•       Cylindrical Robots

•       Other Robots (Delta, Palletizing, Welding)

•       Sensors

•       Machine Vision System

•       Others (Control Systems)

Smart Factory Market, by Software

•       Product Life Cycle Management (PLM)

•       Enterprise Resource Planning (ERP)

•       Machine Execution Systems (MES)

•       Programmable Logic Controller (PLC)

•       Supervisory Control and Data Acquisition (SCADA)

•       Others (DCS, HMI, PAM)

  Smart Factory Market, by Wireless Connectivity

•       Wireless Fidelity (Wi-Fi)

•       WirelessHART

•       Bluetooth

•       Zigbee

Smart Factory Market by, End-Use Industry

•       Oil and Gas

•       Chemicals

•       Automotive

•       Electronics and Semiconductors

•       Aerospace and Defense

•       Healthcare

 Key Companies

•       Siemens AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

•       Honeywell International Inc.

•       Fanuc Corporation

•       Mitsubishi Electric Corporation

•       Yokogawa Electric Corporation

•       ABB Ltd

•       Emerson Electric Co.

•       General Electric Company

•       Texas Instruments

•       Dassault Systemes SE

•       Other Key Companies

Read Press Release for More Information: https://www.forencisresearch.com/smart-factory-market-estimated-to-reach-usd-267-1-billion-by2024/

Smart Factory Market by Region


•       China

•       Japan

•       South Korea

•       India

•       Taiwan

•       Rest of Asia-Pacific

North America

•       US

•       Canada

•       Mexico


•       Germany

•       France

•       Italy

•       UK

•       Spain

•       The Netherlands

•       Rest of Europe

 Middle East and Africa

•       Saudi Arabia

•       UAE

•       Rest of Middle East & Africa

South America

•       Brazil

•       Argentina

•       Rest of South America

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