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Smart Factory Market In 2019 | Prominent Players: Siemens, Rockwell Automation, GE, ABB, Schneider Electric, Honeywell, Emerson, Bosch, Stratasys, TE Connectivity, Texas Instruments, KUKA
Smart Factory Market
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Smart factory market research report is one of the innovative solutions which aid businesses to thrive in this competitive market. A thorough market report truly acts as a backbone for the success of any business. Furthermore, big sample sizes have been utilized for the data collection in this report which suits the necessities of small, medium as well as large size of businesses. The market analysis and insights covered in this Smart factory market research report offers key statistics on the market status of global and regional manufacturers and is an important source of guidance which gives proper direction to the companies and individuals interested in the industry. 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.
Other Players Are : 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.
Smart factory Market is expected to rise from its initial estimated value of USD 142.56 billion in 2018 to an estimated value of USD 260.17 billion by 2026, registering a CAGR of 7.81% in the forecast period of 2019-2026. Increasing adoption of robots in manufacturing industries is driving the growth of this market. 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
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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.
Segmentation: Global Smart Factory Market
By Component
Sensors
Industrial Robots
Traditional Industrial Robots
Articulated Robots
Cartesian Robots
Selective Compliance Assembly Robot Arm (SCARA)
Cylindrical Robots
Other Robots
Collaborative Robots
Industrial 3D Printing
Machine Vision
Camera
Digital Camera
Smart Camera
Frame Grabbers, Optics, and Led Lighting
Processor and Software
By Technology
Product Life Cycle Management
Manufacturing Execution System (MES)
Programmable Logic Controller (PLC)
Supervisory Control and Data Acquisition (SCADA)
Enterprise Resource Planning (ERP)
Distributed Control System (DCS)
Human–Machine Interface (HMI)
Plant Asset Management (PAM)
By End- User
Machine Manufacturing
Oil & Gas
Aerospace & Defense
Electrical & Electronics,
Automotive & Transportation
Chemical
Pharmaceuticals
Mining & Metals
Food & Beverages
Electric Power Generation
By Geography
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
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