Smart Factory Market Size to Grow US$ 321.98 Billion By 2032

The global smart factory market size was approximate at US$ 129.74 billion in 2022 and is anticipated to grow US$ 321.98 billion by 2032, registering a compound annual growth rate of 9.52% from 2023 to 2032.

The smart factory market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the smart factory market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2032.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2023 g0066ztr to 2032. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the smart factory report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the smart factory market have been studied and analysed across many developments.

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Smart Factory Market Report Scope 

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Research Approach

The comprehensive report on the global smart factory market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global smart factory market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players

• 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.

Smart Factory Market Segmentations

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

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

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

Why should you invest in this report?

If you are aiming to enter the global smart factory market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for smart factory are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2023-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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