The report offers insightful information about the market dynamics of the Smart Factory market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Smart Factory market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Smart Factory market.
The global Smart Factory Market will be worth USD 309.67 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of intelligent technologies across all major industries, including food & beverage, petrochemicals, mining, and manufacturing. Increasing demand for energy efficiency and technological advancements of the sensors is expected to drive the smart factory market's growth. The rising need to eliminate human & machine errors enhanced asset efficiency and production quality has increased the adoption of digitized supply chain management solutions. Assurance of labor wellness, improved operational efficiencies, enhanced efficiency of the manufacturing processes, and reduction in the operational and manufacturing cost are the factors driving the demand for smart farming technologies.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Market Scope: The report explains the scope of various commercial possibilities in the global Smart Factory market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Smart Factory market.
The leading market contenders listed in the report are:
ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, FANUC, Yokogawa Electric, Emerson Electric
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Segmentations of the Smart Factory Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Smart Factory market on the basis of product, application, and region:
Segments Covered in this report are:
Component Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Industrial Robotics (Articulated robots, Cylindrical robots, Cartesian robots, SCARA robots, Collaborative robots)
Industrial 3D printing
Sensors
Control Devices (Relays, switches, motors, and drives)
Industrial network (Wired networks, wireless networks, RFID systems)
Machine Vision (Cameras, Software, and Processor, Frame grabbers)
Solution Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Programmable Logic Controller (PLC)
Product Life Cycle Management (PLM)
Manufacturing Execution System (MES)
Distributed Control System (DCS)
Plant Asset Management (PAM)
Enterprise Resource Planning (ERP)
Supervisory Control and Data Acquisition (SCADA)
Human-Machine Interface (HMI)
Industry Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Process Industries (Oil & Gas, Food & Beverage, Power, Chemicals, Pharmaceuticals, Metals & Mining)
Discrete Industries (Semiconductor & Electronics, Aerospace & Defense, Automotive)
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The complete regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
The report addresses the following key points:
The report provides a forecast of market drivers, restraints, and future opportunities for the Smart Factory market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the Smart Factory market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
Table of Contents
Executive Summary
Research Methodology
Market Overview
Regional Landscape
Global Market Analysis and Forecast by Types
Global Market Analysis and Forecast by Applications
Global Market Analysis and Forecast by Regions
North America Market Analysis and Forecast
Europe Market Analysis and Forecast
Asia Pacific Market Analysis and Forecast
Latin America Market Analysis and Forecast
Middle East & Africa Market Analysis and Forecast
Competitive Landscape
In conclusion, the Smart Factory Market report is an exhaustive database that will help readers formulate lucrative strategies. The Smart Factory Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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