Press release
Smart Factory Market Revenue Analysis By Major Players "Cognex Corporation, Emerson Electric Co., FANUC, General Electric, Johnson Controls Inc., Rockwell Automation, TE Connectivity, Texas Instruments, Yokogawa Electric Corporation"
Smart Factory Market
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Manufacturers require their production lines and operational processes to be integrated as well as flexible to adapt and enable quick configuration changes to lessen lead times. This helps them to retain a competitive edge in a constantly evolving segment. Smart factories have the ability to address these needs without compromising on quality and safety, positioning the industry in a favorable spot to experience business growth. Not only is building smarter facilities by investing in Internet of Things (IoT) is a massive undertaking, it is also a key component in promoting efficient scalability in the era of Industry 4.0.
Key Players in Smart Factory Market: -
ABB Ltd., Atos SE, Cisco, Cognex Corporation, Emerson Electric Co., FANUC, General Electric, Honeywell International, Hewlett Packard Enterprise, IBM, Johnson Controls Inc., KUKA, Mitsubishi Electric, National Instruments, Omron, Oracle, PTC Inc., Robert Bosch GmbH, Rockwell Automation, SAP SE, Schneider Electric, Siemens, TE Connectivity, Texas Instruments, Yokogawa Electric Corporation,
Factories that leverage smart manufacturing technology offer a number of benefits to manufacturers including increased productivity, enhanced efficiency and long-term cost savings. Growing awareness of modern manufacturing technologies owing to these advantages will reinforce global smart factory market share. Although high initial investment in smart factories are keeping small to medium sized enterprises at bay, expected rise in affordability of the technologies in the next few years would open up the landscape for these businesses, fueling the adoption of solutions offered by smart factory industry players.
The automotive industry is expected to emerge as a prominent growth avenue for the smart factory market over the forecast timeframe. Multinational automobile company Audi unveiled its Smart Factory 2035 vision in which it envisioned a facility without any assembly lines, instead deploying intelligent, flexible and modern production stations.
The global food & beverage segment will certainly emerge as a major revenue contributor for smart factory industry due to consistent demand for packaged and frozen food products. A large global population base, that is estimated to hit 9 billion by 2050, tightening regulatory demands around food safety & quality and environmental concerns, as the food & beverage sector consumes 5% of the world's energy, are putting immense pressure on profit margins of producers.
In terms of the regional spectrum, Europe is expected to retain its position as a lucrative market player over the projected period. In fact, Europe accounted for over $25 billion of the global smart factory market share in 2018. The region is home to a number of global automotive firms and according to the European Automobile Manufacturers Association, Europe automobile sector brings in over EUR90.3 billion in the form of trade surplus. Moreover, the industry is the biggest private investor for R&D in Europe, investing approximately EUR54 billion annually.
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With growing adoption of automation technologies in the food & beverage and automotive sectors, smart factories will undoubtedly become a common trend among large and medium enterprises in the imminent future. The global smart factory market share will exceed $155 billion in annual remunerations by 2025.
List of Charts & Figures from Smart Factory Market Report:
FIG. 1 Industry segmentation
FIG. 2 Smart factory market, 2015 - 2025 (USD Million)
FIG. 3 Industry ecosystem analysis
FIG. 4 Growth potential analysis
FIG. 5 Porter's analysis
FIG. 6 Company market share analysis, 2018
FIG. 7 PESTEL analysis
FIG. 8 SWOT Analysis, ABB Ltd.
FIG. 9 SWOT Analysis, Atos SE
FIG. 10 SWOT Analysis, Cisco
FIG. 11 SWOT Analysis, Cognex Corporation
FIG. 12 SWOT Analysis, Emerson Electric Co.
FIG. 13 SWOT Analysis, FANUC
FIG. 14 SWOT Analysis, General Electric
FIG. 15 SWOT Analysis, Honeywell International
FIG. 16 SWOT Analysis, Hewlett Packard Enterprise
FIG. 17 SWOT Analysis, IBM
FIG. 18 SWOT Analysis, Johnson Controls Inc.
FIG. 19 SWOT Analysis, KUKA
FIG. 20 SWOT Analysis, Mitsubishi Electric
FIG. 21 SWOT Analysis, National Instruments
FIG. 22 SWOT Analysis, Omron
FIG. 23 SWOT Analysis, Oracle
FIG. 24 SWOT Analysis, PTC Inc.
FIG. 25 SWOT Analysis, Robert Bosch GmbH
FIG. 26 SWOT Analysis, Rockwell Automation
FIG. 27 SWOT Analysis, SAP SE
FIG. 28 SWOT Analysis, Schneider Electric
FIG. 29 SWOT Analysis, Siemens
FIG. 30 SWOT Analysis, TE Connectivity
FIG. 31 SWOT Analysis, Texas Instruments
FIG. 32 Smart Factory Market SWOT Analysis, Yokogawa Electric Corporation
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/smart-factory-market
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