Smart Factory Market is to reach US $73 Billion by 2022 Leaders Analysis by APC, Harris, Kyocera, TDK, Noliac, Wright Medical, Channel, LORD

Smart Factory Market, by Components (Industrial Robotics, Control Devices, Sensors and Actuators), by Technology (ERP, SCADA, PAC, PLC, DCS, HMI), by End-User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electrical & Electronics, Automotive & Transportation) by Forecast to 2022.

According to Market Research Future Analysis, Global Smart Factory Market has been valued at US $ 73 Billion by the end of forecast period with 9% of CAGR during forecast period 2018 to 2022.

Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the Smart Factory Market: – Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), Cognex Corporation, Oracle Corporation (U.S.), IBM Corporation (U.S.), Yokogawa Electric (Japan), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan) among others.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/2317

Market Scenario:

The smart factory market is growing swiftly. High investments in R&D and internet of things (IoT) is driving the market. Innovation is a key driver in Smart Factory. The Smart Factory market is globally emerging across world. There has been a recent trend of using robots in industrial controller mechanisms. This trend is majorly responsible for growth of smart factory market.

There is a recent news about BMW, a leading automaker in Germany that they are taking their steps towards smart factory. BMW also shows that they have made recent developments in industrial robotics and expect to have approximately 60 lightweight robots for their operations. BMW says that modernization of the work environment in the company’s production areas is a continuation of an ongoing policy of advancement.

The smart factory has many benefits as resource efficient production, adaptability, increased agility, flexibility, reduction in material handling costs and others. The smart factory market has few restraining factors such as shortage of skilled workers, lack of interoperability. There has been an increasing threat of cyber security which has also resulted as a restraining factor for smart factory market. Also, the transition to smart factory would require high costs and there are expenses involved in upgrading the legacy systems.

Segments:

Smart Factory by Components:
• Industrial robotics (Articulated, Cylindrical, Scara & Cartesian robot)
• Control devices
• Sensors and actuators

Smart Factory by Technology:
• Enterprise resource planning (ERP)
• Supervisory control and data acquisition (SCADA)
• Programmable Automation Controller (PAC)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Human Machine Interface (HMI)

Smart Factory by End-user:
• Machine manufacturing
• Oil & gas
• Aerospace & defense
• Electrical & electronics
• Automotive & transportation
• Chemical
• Pharmaceuticals
• Mining & metals
• Food & beverages
• Electric power generation

Regional Analysis:

The regional analysis of Smart Factory market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. Asia-pacific region has shown a considerable growth in smart factory due to technological improvements in the automotive manufacturing sector. The study indicates that countries like Japan, China, South Korea and many others have shown substantial progress in industrial robotics leading to an increase in smart factory market. United States, Germany, France and others are also showing rapid progress in the smart factory market.

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

By End User segment, manufacturing, metals and mining, oil and gas industries are expected to have a considerable increase in Smart Factory. But its excepted that Smart Factory sector would have a considerable hike in the upcoming years in manufacturing and automotive sector.

By Component segment, industrial robotics would dominate the smart factory market followed by the control devices. Many companies are investing for industrial robots for better manufacturing efficiency.

By Region, MRFR analysis shows that Asia-Pacific region will account for largest market for smart factory in the coming years. This region has very high adoption of smart factory owing to factors innovation and rising popularity of customization. The Asia-Pacific region has the major manufacturing base which results for a higher smart factory market in this region.

For the purpose of this study, the global Smart Factory market has been segmented on the basis of type, technology and end user. The report on Smart Factory contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Get Full Report @ https://www.marketresearchfuture.com/reports/smart-factory-market-2317

Table of Contents

1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continues...

List of Tables
Table 1 Smart Factory Market, By Component
Table 2 Smart Factory Market, By Technology
Continues...

List of Figures
Figure 1 Research Network Solution
Figure 2 Smart Factory Market: By Component (%)
Continues...

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions

Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Pune – 411028
Maharashtra, India
Phone: +91 841 198 5042
Mail: sales@marketresearchfuture.com

This release was published on openPR.