Press release
Global Smart Factory Market Insights and Forecast 2025: Siemens AG, Schneider Electric SE, Rockwell Automation Inc., Honeywell International, Inc., General Electric Company, Johnson Controls International PLC
Future Market Insights (FMI) offers a 10-year forecast of the smart factory market between 2018 and 2028. In terms of value, the market is expected to register a single-digit CAGR during the forecast period. This study demonstrates the global market dynamics and trends across eight regions: North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan and MEA, which influence the current nature and future status of the smart factory market over the forecast period.
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This research report provides a detailed analysis of the smart factory market and offers insights on the various factors driving the popularity of smart factory systems. The report includes an extensive analysis of key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on technology, application and different regions globally.
The smart factory market is expected to witness significant value growth during the forecast period owing to an increase in the demand for Industrial Internet of Things (IIoT) and data-driven technologies from various industry verticals.
The report starts with an overview of the smart factory market in terms of value. In addition, this section includes an analysis of key trends, drivers and challenges from the supply, demand and economy side, which are influencing the smart factory market.
The smart factory market is classified on the basis of market structure, manufacturing vertical, component and region. On the basis of market structure, the market is sub-segmented into to collect, to connect, to analyse and to control. Furthermore, by manufacturing vertical, the global smart factory market is segmented as automotive & transportation, food & beverages, electrical & electronics, aerospace & defence, oil & gas, garments & textile, chemical & material and others. The automotive sub-segment accounted for a relatively higher share owing to an increase in the demand from automotive OEMs.
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On the basis of component, the global smart factory market is segmented into hardware, software and services. Due to the increasing proliferation of sensors and industrial robots, the hardware sub-segment accounted for the highest market share for the global smart factory market in 2017.
A detailed analysis has been provided for every segment in terms of market size analysis for the smart factory market across different regions. This section provides a detailed analysis covering key trends.
In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the smart factory market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the smart factory supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the smart factory market. Some of the key competitors covered in the report are ABB (ASEA BROWN BOVERI) Group, Siemens AG, Schneider Electric SE, Rockwell Automation Inc., Honeywell International, Inc., General Electric Company, Johnson Controls International PLC, Yokogawa Electric Corporation, Robert Bosch GmbH, Oracle Corporation, SAP SE, IBM Corporation, Emerson Electric Company, Cisco Systems, Inc. and Wipro Limited.
Key Segments
By Manufacturing Vertical
Automotive & Transportation
Food & Beverage
Electrical and Electronics
Aerospace & Defence
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By Market Structure
To Connect
Wired and Wireless Networking
Wide Area Networking (WAN)
Local Area Networking (LAN)
Machine-to-Machine Network
To Collect
Sensors
Digital Measurement Devices
Auto Identification Hardware
To Analyse
Data Historian
Reporting
Complex Event Processing
Predictive Algorithm
To Control
Actuators
Programmable Logic Controllers
Smart Robotics
Additive Manufacturing Equipment
SCADA
DCS
Others (MES, HMI)
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