openPR Logo
Press release

Smart Factory Market Demanded Globally by Siemens, GENERAL ELECTRIC, ABB, Rockwell Automation, Inc., PTC, Schneider Electric, Honeywell International Inc, FANUC, Mitsubishi Electric Corporation

12-23-2019 06:00 AM CET | Industry, Real Estate & Construction

Press release from: Research for Markets

Smart Factory Market Demanded Globally

Smart Factory Market Demanded Globally

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, South America and Middle East & Africa.

Smart factory market is expected to reach USD 405.96 billion growing at a substantial CAGR of 10.20% in the forecast period of 2020-2029. The growth of this market is attributed to the evolution of IoT and increasing usage of technology in manufacturing.

Key Market Competitors:

Few of the major competitors currently working in smart factory market are Siemens, GENERAL ELECTRIC, ABB, Rockwell Automation, Inc., PTC, Schneider Electric, Honeywell International Inc, FANUC, Mitsubishi Electric Corporation, Emerson Electric Co., Yokogawa India Ltd., Bosch Limited and Stratasys Ltd. among others.

Get Sample Copy Of This Report https://www.researchformarkets.com/sample/smart-factory-market-620294

Smart Factory Market Definition:

A smart factory is a production facility that is strongly digitized and linked and depends on digital manufacturing. A smart factory operates by using technologies such as artificial intelligence (AI), analytics, big data, and stuff internet (IoT) and can operate completely autonomously with self-correcting capacity. Extensive use of IoT sensors and devices binds machinery and allows for observation both in their state and in factory processes.

Smart Factory Market Scope and Market Size

Smart factory market has been segmented on the basis of component, technology and industry.

On the basis of component, smart factory market is segmented into sensors, industrial robots, industrial 3D printing and machine vision. The industrial 3D printing segment is the dominating segment with largest market share in the forecast period.

Traditional industrial robots is further segmented into articulated robots, Cartesian robots, selective compliance assembly robot arm (SCARA), cylindrical robots and other robots.

Machine vision is further segmented into camera, frame grabbers, optics and led lighting, processor and software.

On the basis of technology, smart factory market is segmented into Product Life Cycle Management (PLM), 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) and Plant Asset Management (PAM).

Based on industry, smart factory market is segmented into process industry and discrete industry.

Based on the process industry, smart factory market is further segmented into oil and gas, chemicals, pulp and paper, pharmaceuticals, metals and mining, food and beverages, energy and power and others.

Based on discrete industry, smart factory market is further segmented into automotive, aerospace and defense, semiconductor and electronics, machine manufacturing, medical devices and others. Automotive is the dominating segment with the largest share in the forecast period.

Inquire here for more @ https://www.researchformarkets.com/inquiry/smart-factory-market-620294

Country Level Analysis of Smart Factory Market

On the basis of region, the smart factory market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.
Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.

Asia-Pacific is the dominating region with largest market share in the forecast period 2020 to 2029.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.

Smart Factory Market Drivers:
• Increasing adoption of IoT is expected to drive the market growth.
• Rising need for IoT security is driving the market growth.
• Simplification of business processes drives the market growth.

Smart Factory Market Restraints:
• Uncertain status of regulatory hindering the market growth.
• Higher expectancy with increase in number of nodes hampering the market growth.

Key Developments in the Market:

In November 2019, Schneider Electric has launched a new smart factory in Bengaluru, India. This is the second such unit in India which drives process automation and increase operational efficiency of the industries. This launch will expand the business growth as well as market share of the company.

In June 2018, PTC has announced partnership with Rockwell Automation, Inc. which is expected to boost the growth of both companies. This partnership extends resources, technologies as well as market size of these companies. This partnership has been expanded the product portfolio of the company.
Competitive Analysis and Smart Factory Market Share Analysis:

Now Get Instant 30% DISCOUNT on this Report @ https://www.researchformarkets.com/discount/smart-factory-market-620294

Smart factory market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated and global presence. Smart factory market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

Contact:

Mr. A Naidu

Research for Markets

Tel: +44 8000-4182-37 (UK)

Email: alan.naidu@researchformarkets.com

About Research for Markets:

Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Factory Market Demanded Globally by Siemens, GENERAL ELECTRIC, ABB, Rockwell Automation, Inc., PTC, Schneider Electric, Honeywell International Inc, FANUC, Mitsubishi Electric Corporation here

News-ID: 1882991 • Views: 607

More Releases from Research for Markets

Oilfield Services Market Competitive Outlook with Baker Hughes, a GE company, Ha …
The market report titled Oilfield Services Market has company analysis, history, and future overview, global sales trends by 2025. It will be one of the most comprehensive and important additions for growth of the business through Oilfield Services Market research studies. The Oilfield Services Market research report comprises of a detailed analysis of the vendor landscape and thorough company profiling of leading players of the worldwide market. This business document
Annuloplasty Rings Market Competitive Outlook | Medtronic, Edwards Lifesciences, …
Global Annuloplasty Rings Market analysis report is a historical overview and comprehensive study on the current & future market of the ABC industry. This business research document puts forward an in-depth evaluation of each crucial aspect of the worldwide market that relates to the Annuloplasty Rings Market size, market share, market growth factor, key vendors, revenue, top regions, industry trends, product demand, sales volume, capacity, cost structure,
Ventilators Market Top Players are are benefiting from the coronavirus | BD, GE …
The Ventilators Market report has been generated by considering a common theme throughout the marketing industry that suggests strategy and research need stronger alignment. RFM team has firm expertise in making extensive reports that cover all the necessary details about Ventilators Market assessments such as major technological improvement in the industry. The information and flow of this Ventilators Market report can be employed by marketers from all walks of
ICU Ventilator Market Competitive Outlook | Getinge, Koninklijke Kentalis, Phili …
ICU Ventilator Market report enables clients to enhance business efficiency and focus on other core aspects of operations rather than wasting time in market research and reporting needs. ICU Ventilator Market instructions provided in this market analysis report are very specific and research-backed. For getting customization of the report, reach RFM team via email or phone. This ICU Ventilator Market analysis report delivers key data about the product portfolios, product

All 5 Releases


More Releases for Smart

Smart Solutions
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Smart Mirrors
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Watch: Purchase Drivers
ReportsWorldwide has announced the addition of a new report title Smart Watch: Purchase Drivers to its growing collection of premium market research reports. This ‘360 View Update’ assesses the current state of the smart watch market. It quantifies how consumers purchase, use, and think about both smart watches and traditional watches. Findings help smart watch manufacturers, traditional watch manufacturers, and app developers refine their business strategies at this pivotal time in
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
Smart Cities
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will