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Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.
Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.
According to our (Global Info Research) latest study, the global Smart Factory market size was valued at USD 65570 million in 2022 and is forecast to a readjusted size of USD 130540 million by 2029 with a CAGR of 10.3% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Smart Factory key players include Siemens AG, ABB Ltd., Yokogawa Electric Corp., General Electric Company, Honeywell International, Inc., etc. Global top five manufacturers hold a share nearly 25%.
North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.
In terms of product, Process Manufacturing is the largest segment, with a share nearly 45%. And in terms of application, the largest application is Oil and Gas, followed by Automobile and transportation, Chemical and material, Food and beverage, etc.
This report is a detailed and comprehensive analysis for global Smart Factory market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Global Smart Factory market size and forecasts, in consumption value ($ Million), sales quantity (Unit System), and average selling prices (M USD/System), 2018-2029
Global Smart Factory market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Unit System), and average selling prices (M USD/System), 2018-2029
Global Smart Factory market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Unit System), and average selling prices (M USD/System), 2018-2029
Global Smart Factory market shares of main players, shipments in revenue ($ Million), sales quantity (Unit System), and ASP (M USD/System), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Smart Factory
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Smart Factory market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corp. and General Electric Company, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Smart Factory market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Process Manufacturing
- Discrete Manufacturing
Market segment by Application
- Automobile and transportation
- Food and beverage
- Electrical and electronics
- Chemical and material
- Oil and Gas
Major players covered
- Siemens AG
- ABB Ltd.
- Honeywell International, Inc.
- Yokogawa Electric Corp.
- General Electric Company
- Emerson Electric Company
- Schnieder Electric
- Atos SE
- Rockwell Automation Inc.
- Robert Bosch GmbH
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Smart Factory product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Smart Factory, with price, sales, revenue and global market share of Smart Factory from 2018 to 2023.
Chapter 3, the Smart Factory competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Smart Factory breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Smart Factory market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Smart Factory.
Chapter 14 and 15, to describe Smart Factory sales channel, distributors, customers, research findings and conclusion.