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Smart Factory Market Remarking Enormous Growth with Recent Trends & Demand by Top Key Players : Siemens AG , ABB , Schneider Electric , Honeywell International , Atos SE , Cognex , Emerson Electric Company , Oracle , Cisco Systems

08-20-2019 09:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Premium Market Insights

Premium Market Insights

According to Publisher, the Global Smart Factory Market is accounted for $140 billion in 2017 and is expected to reach $378 billion by 2026 growing at a CAGR of 11.7% during the forecast period. Increasing Demand for Industrial Robots, rising Emphasis on Real-Time Data Analysis, Enhanced Visibility & Predictive Maintenance and the advancement of the Internet of Things (IoT) are some of the factors impelling the market growth. However, the risk associated with security of cyber-physical system and requirement of a significant amount of capital investments is curbing the market.

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Top Companies Covered in this Report

Siemens AG , ABB , Schneider Electric , Honeywell International , Atos SE , Cognex , Emerson Electric Company , Oracle , Cisco Systems, FANUC , Yokogawa Electric , General Electric , Omron , IBM
Wipro Limited

The smart factory is a paradigm shift from traditional automation to a fully allied and flexible system that enables organizations to digitally plan and project the entire lifecycle of products and production facilities. A smart factory can integrate data from system-wide physical, operational and human assets to drive manufacturing, maintenance, and inventory tracking.

On the basis of product, Industrial Robots segment holds the major growth during the forecast period due to implementing industrial robotics in smart manufacturing processes can improve productivity, reduce human errors and enhance production volume.

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Products Covered:
- Industrial 3D Printing
- Sensors
- Machine Vision
- Industrial Robots
- Communication Technologies
- Control Devices

Technologies Covered:
- Human-Machine Interface (HMI)
- Programmable Logic Controller (PLC)
- Enterprise Resource Planning (ERP)
- Product Life Cycle Management (PLM)
- Plant Asset Management (PAM)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Manufacturing Execution System (MES)

End Users Covered:
- Aerospace & Defense
- Oil & Gas
- Automotive
- Metals and Mining
- Food & Beverage
- Chemical & Petrochemical
- Semiconductors and Electronics
- Pharmaceutical
- Other End Users

Place a Direct Purchase of this Report - https://www.premiummarketinsights.com/buy/SMRC00019322

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Contact Info:
Name: Sameer Joshi
Email: sales@premiummarketinsights.com
Organization: Premium Market Insights
Phone: +1-646-491-9876

About Premium Market Insights:
Premium Market Insights is a one-stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

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