Press release
Smart Factory Market analysis by key players ABB, Honeywell International Inc., Robert Bosch GmbH, General Electric, Emerson Electric, Siemens, Schneider Electric, and Rockwell Automation
Smart Factory Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Smart Factory Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status.
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Smart Factory Market is expected to exceed USD 155 billion by 2025. The growing demand for industrial robots and the evolution of Industrial IoT (IIoT) technology will drive the smart factory market growth. The rising focus on energy consumption, resource optimization, and cost saving across various industry verticals will contribute to the high demand for intelligent manufacturing techniques.
Industries are adopting real-time data-driven technologies and digital supply chain management options to enhance product quality and asset efficiency, mitigating human & machine errors. Additionally, the increasing adoption of advanced sensing components, such as sensors and actuators, across industries due to their benefits such as integrated computing abilities along with lower power consumption is expected to support the smart factory market expansion.
Industrial robots are gaining popularity over human labor in the smart factory market due to their ability to increase productivity & eliminate human errors. These robots produce high-quality products with continuous precision, thereby reducing a large amount of industrial wastes. Additionally, they are capable of handling critical & dangerous manufacturing applications and keeping workers safe & motivated. Increasing labor cost in North American and European countries and high investments required for employee training are supporting the high adoption of these robots.
Moreover, collaborative robots are designed with multiple advanced sensors and software, enabling them to work alongside humans safely & effectively.
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The adoption of smart factory market solutions is expected to increase in the automotive industry over the forecast period. These solutions are integrated into factories for the development and production of high-quality automobile systems and components. Intelligent factories are integrated with various advanced solutions such as cloud computing, AI, IoT, 3D printing, and various automation technologies.
The global automotive companies are making heavy investments in these technologies for increasing the productivity and efficiency of their manufacturing & warehousing facilities. For instance, Audi AG invested around USD 1.3 billion for building a smart factory in Mexico in 2016. The growing adoption of advanced technologies and increasing investments by automotive manufacturers in intelligent solutions will drive the smart factory market growth.
The smart factory market is expected to grow in the Asia Pacific region owing to the rising adoption of automation technologies across various industry verticals. In October 2018, the Indian government has released the draft National Policy on Electronics (NPE) that has envisaged the creation of nearly USD 400 billion electronics manufacturing industry in India by the end of 2025.
Moreover, the Chinese government has announced the Made in China 2025? program, which will invest around USD 3 billion in the advanced manufacturing sector. The growing government initiatives in the Asia Pacific region for the development of the manufacturing sector is providing several opportunities for smart factory market growth.
Major players operating in the smart factory market include ABB, Honeywell International Inc., Robert Bosch GmbH, General Electric, Emerson Electric, Siemens, Schneider Electric, and Rockwell Automation, etc.
These players are adopting various business expansion strategies such as mergers & acquisitions, product launches, and collaborations & agreements for introducing new manufacturing-related solutions. These strategies are supporting the development of advanced and efficient products, leading to an increase in customer satisfaction in the smart factory market.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition & forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Smart Factory industry360 degree synopsis, 2013 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Concentration trends
2.1.4. Fruit family trends
2.1.5. Application trends
2.1.6. Sector trends
2.1.7. Regional trends
Chapter 3. Smart Factory Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.1. Upstream & downstream industry analysis
3.3.2. Profit margin trends
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. Role
3.3.4.2. Product portfolio
3.3.4.3. Global presence
3.4. Raw material analysis
3.5. Technology landscape
3.6. Global Smart Factory overview, 2013-2025
3.7. Industry best practices & key buying criteria
3.8. Regulatory landscape
3.8.1. North America
3.8.2. Europe
3.8.3. Asia Pacific
3.8.4. Latin America
3.8.5. MEA
3.9. Pricing analysis, 2013 - 2025
3.9.1. Regional pricing
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. APAC
3.9.1.4. LATAM
3.9.1.5. MEA
3.9.2. Cost structure analysis, 2018
3.10. Industry impact forces
3.10.1. Growth drivers, by region
3.10.1.1. North America
3.10.1.2. Europe
3.10.1.3. Asia Pacific
3.10.1.4. Latin America
3.10.1.5. MEA
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis, 2018
3.13. Competitive landscape, 2018
3.13.1. Company market share analysis, by region, 2018
3.13.2. Brand analysis
3.13.3. Key stakeholders
3.13.4. Strategy dashboard
3.14. Porter's analysis
3.15. PESTEL analysis
Chapter 4. Smart Factory Market, By Product
4.1. Global Smart Factory market share by product, 2019 & 2025
4.2. With sugar
4.2.1. Market estimates and forecast, 2013 - 2025
4.2.2. Market estimates and forecast by region, 2013-2025
4.3. No added sugar
4.3.1. Market estimates and forecast, 2013 - 2025
4.3.2. Market estimates and forecast by region, 2013-2025
Chapter 5. Smart Factory Market, By Concentration
5.1. Global Smart Factory market share by concentration, 2019 & 2025
5.2. Liquid
5.2.1. Market estimates and forecast, 2013 - 2025
5.2.2. Market estimates and forecast by region, 2013-2025
5.3. Powder
5.3.1. Market estimates and forecast, 2013 - 2025
5.3.2. Market estimates and forecast by region, 2013-2025
Chapter 6. Smart Factory Market, By Fruit Family
6.1. Global Smart Factory market share by fruit family, 2019 & 2025
6.2. Berry Fruit
6.2.1. Market estimates and forecast, 2013 - 2025
6.2.2. Market estimates and forecast by region, 2013-2025
6.2.3. Blueberry
6.2.3.1. Market estimates and forecast, 2013 - 2025
6.2.3.2. Market estimates and forecast by region, 2013-2025
6.2.4. Raspberry
6.2.4.1. Market estimates and forecast, 2013 - 2025
6.2.4.2. Market estimates and forecast by region, 2013-2025
6.2.5. Strawberry
6.2.5.1. Market estimates and forecast, 2013 - 2025
6.2.5.2. Market estimates and forecast by region, 2013-2025
6.3. Citrus Fruit
6.3.1. Market estimates and forecast, 2013 - 2025
6.3.2. Market estimates and forecast by region, 2013-2025
6.3.3. Orange
6.3.3.1. Market estimates and forecast, 2013 - 2025
6.3.3.2. Market estimates and forecast by region, 2013-2025
6.3.4. Lemon
6.3.4.1. Market estimates and forecast, 2013 - 2025
6.3.4.2. Market estimates and forecast by region, 2013-2025
6.4. Exotic Fruit
6.4.1. Market estimates and forecast, 2013 - 2025
6.4.2. Market estimates and forecast by region, 2013-2025
6.4.3. Banana
6.4.3.1. Market estimates and forecast, 2013 - 2025
6.4.3.2. Market estimates and forecast by region, 2013-2025
6.4.4. Apple
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