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Smart Factory Market Size, Growth, Demands Outlook and Forecasts to 2032

Precedence Research - January 06, 2023

According to the research report, the global smartfactory market size is expected to touch USD 321.98 Billion by 2032, from USD 129.74  Billion in 2022, growing with a significant CAGR of 9.52% from 2022 to 2032. 

Smart Factory Market Size 2023 To 2032

The smart factory report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global smart factory in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global smart factory market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global smart factory during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/2533

 Report Scope of the Smart Factory Market

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 Market North America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Product, By Technology and By End-user Industry

This study covers a detailed segmentation of the global smart factory market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global smart factory market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

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.

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

By Geography

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

Research Methodology

The research methodology adopted by analysts for compiling the global smart factory report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global smart factory market.

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

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