Press release
Smart Factory Market Business Research With Emerson, Yokogawa, Bosch, Stratasys, Siemens, GE, ABB, KUKA, SAP ERP, HP, Schneider Electric, Honeywell, Rockwell Automation, FANUC CORPORATION, TE Connectivity, Texas Instruments, OMRON, Dassault Systèmes, Mit
Smart Factory Market
In this report, a thorough investment analysis is provided which forecasts imminent opportunities for the market players and develops the strategies to enhance return on investment (ROI). Smart factory market report focuses on important aspects of the market that include but are not limited to historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This market report helps you with all the above by giving actionable market insights and comprehensive market analysis. Smart factory market research analysis report is truly a backbone for every business that desire to thrive in the market.
The key research methodology used in this report by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the smart factory market, and primary (industry expert) validation. When every business is competing to be the best, market research analysis report is one of the key factors that will help them climb the ladder of success. It identifies and analyses the emerging trends along with major smart factory drivers, inhibitors, challenges and opportunities in the market. Competitive analysis is an important aspect of the market research report which makes businesses aware about competitor actions such as the new smart factory product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.
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Smart factory is an advanced factory where the machines and equipment can improve the process by automation and self- optimization. They not only improve the productivity but also improve the product development and supply chain logistics. These days, there is increase in the adoption for industrial robots which is the major factor fuelling the market growth.
Market Drivers:
· Increasing demand for the industrial robots is driving the growth of this market
· Need for more efficient manufacturing process is driving the market growth
Market Restraints:
· High investment cost is restraining the market growth
· Increasing awareness for the security of cyber- physical system is another major factor restraining the market growth and development
Major Market Competitors/Players
Few of the major competitors currently working in smart factory market are Siemens, GENERAL ELECTRIC, ABB, Rockwell Automation, Inc., Schneider Electric, Honeywell International Inc., FANUC CORPORATION, Mitsubishi Electric Corporation, Emerson Electric Co., Yokogawa India Ltd., Bosch Limited, Stratasys Ltd., TE Connectivity Ltd, Texas Instruments Incorporated., KUKA AG, SAP ERP, HP Development Company, L.P., OMRON Corporation, Dassault Systèmes.
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Segmentation: Global Smart Factory Market
· By Component
o Sensors
o Industrial Robots
o Articulated Robots
o Cartesian Robots
o Selective Compliance Assembly Robot Arm (SCARA)
o Cylindrical Robots
o Other Robots
• Collaborative Robots
o Industrial 3D Printing
o Machine Vision
o Camera
Digital Camera
Smart Camera
o Frame Grabbers, Optics, and Led Lighting
o Processor and Software
· By Technology
o Product Life Cycle Management
o Manufacturing Execution System (MES)
o Programmable Logic Controller (PLC)
o Supervisory Control and Data Acquisition (SCADA)
o Enterprise Resource Planning (ERP)
o Distributed Control System (DCS)
o Human–Machine Interface (HMI)
o Plant Asset Management (PAM)
· By End- User
o Machine Manufacturing
o Oil & Gas
o Aerospace & Defense
o Electrical & Electronics,
o Automotive & Transportation
o Chemical
o Pharmaceuticals
o Mining & Metals
o Food & Beverages
o Electric Power Generation
· By Geography
o North America
· US
· Canada
· Mexico
o South America
· Brazil
· Argentina
· Rest of South America
o Europe
· Germany
· France
· United Kingdom
· Italy
· Spain
· Russia
· Turkey
· Belgium
· Netherlands
· Switzerland
· Rest of Europe
o Asia-Pacific
· Japan
· China
· South Korea
· India
· Australia
· Singapore
· Malaysia
· Indonesia
· Thailand
· Philippines
· Rest of Asia-Pacific
o Middle East and Africa
· South Africa
· Egypt
· Saudi Arabia
· United Arab Emirates
· Israel
· Rest of Middle East and Africa
Key Developments in the Market:
· In June 2018, PTC Inc. and Rockwell Automation, Inc announced that they have signed a definitive agreement so that they can enhance their business and meet the needs and requirement of the people. The main aim is to combine the PTC’s award-winning ThingWorx IoT, Kepware industrial connectivity, and Vuforia augmented reality (AR) platforms which will help them to increase productivity & heightened plant efficiency and will improve the system performance.
· In May 2018, Schneider Electric along with Temasek announced that they signed an agreement to buy Larsen & Toubro. This agreement will help both the companies to improve end-to-end R&D and manufacturing capabilities. The main aim is to start the Low Voltage & Industrial Automation Products business in India.
Competitive Analysis
Global smart factory market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart factory market for global, Europe, North America, Asia-Pacific and South America.
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