Press release
Smart Factory Market - Global Industry Could Hit New Highs | Ubisense Group PLC., System Insights, Inc., Operator System, Mitsubishi Electric Corporation, Microsoft, Johnson Controls
Smart Factory Market
The factors that are driving the growth of the Smart Factory market are the rising practice for advanced base for manufacturing, increased focus on energy consumption and improved efficiency of manufacturing. However, the factors that are hampering the growth of the market are lack of interoperability & standardization and the shortage of trained workers. Rising industry of refurbished robots and untapped field such as industrial robots and RFID are expected to create lot of opportunities for the growth of the market.
Smart Factory technology market is segmented into information technology system, enterprise resource planning (ERP), manufacturing execution system and industrial control system. Enterprise resource planning (ERP) is the largest revenue generating segment due to the usage of software applications to embody the processes and products, relationships between activities & functions, procedures and information flow.
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Smart Factory field devices market is segmented into industrial robotics, articulated robot, control devices and industrial network. Industrial Robotics is further segmented into articulated robot, cylindrical robot, scara robot and cartesian robot. Control Devices is further segmented into sensors, relays & switches and motors & drive. Industrial Network is also sub-segmented into RFID System (Chipless RFID and Chip-Based RFID), Wireless Network (Chipsets, Microprocessor System and Sensors) and Wired Network. Industrial Network is the largest revenue generating segment due to differentiated products for various purposes.
Smart Factory application market is segmented into process industry and discrete industry. Process Industry is further segmented into pharmaceuticals, food & beverages, chemical and oil & gas. Discrete Industry is sub-segmented into automotive & transportation, packaging and mining, minerals & metals. Discrete industry is the largest revenue generating segment due to the rising demand for Smart Factory from automotive industry.
Geographically, Market is segmented into North America, Europe, Asia Pacific and RoW. Asia Pacific followed by North America is the largest revenue-generating segment due to its increasing adoption of Smart Factory in the automotive industry.
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The key strategies adopted by the companies to expand in the Smart Factory market are product launches, mergers & acquisitions and agreements & collaborations. These strategies would provide efficient products and yield strongly performing products that support the market regulations and finally, exhibit better customer satisfaction. The companies profiled in this report are Ubisense Group PLC., System Insights, Inc., Operator System, Mitsubishi Electric Corporation, Microsoft, Johnson Controls, Inc., Invensys PLC., General Electric Co., CMC Associates, and Apriso Corporation.
The report analyzes various macro environments of the Smart Factory market using porter's analysis. According to porter's analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products Smart Factory market and threat of substitute is low due to unavailability of alternate products.
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This report provides a comprehensive analysis of
- Top impacting Growth Factors
- Competitive Analysis of Leading Market Players
- Current and Future Market Trends
- Market Segmentation
- Revenue Estimation by 2027
KEY DELIVERABLES
Smart Factory Market Analysis is segmented on the basis of technology, field devices, application and geographies.
MARKET BY TECHNOLOGY
o Information Technology System
o Enterprise Resource Planning (ERP)
o Manufacturing Execution System
o Industrial Control System
MARKET BY FIELD DEVICES
o Industrial Robotics
o Articulated Robot
o Cylindrical Robot
o Scara Robot
o Cartesian Robot
o Control Devices
o Sensors
o Relays & Switches
o Motors & Drive
o Industrial Network
o RFID System
? Chipless RFID
? Chip-Based RFID
o Wireless Network
? Chipsets
? Microprocessor System
? Sensors
o Wired Network
? Ethernet Media Converters
? Unmanaged Switches
? Managed Switches
MARKET BY APPLICATION
o Process Industry
o Pharmaceuticals
o Food & Beverages
o Chemical
o Oil & Gas
o Discrete Industry
o Automotive & Transportation
o Packaging
o Mining, Minerals & Metals
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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