Smart Factory Market Size to Witness Growth Acceleration During 2024-2030 | Rockwell Automation Inc., Siemens AG, Schneider Electric SE, ABB, and Honeywell International Inc.

Global "Smart Factory Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market.

This report on the Smart Factory Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea about various market inhibitors as well as market motivators in both a quantitative and qualitative approach with the purpose of providing users with accurate information.

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What is New Additions in 2024?

Detailed industry outlook
Additional information on company players
Customized report and analyst support on request
Recent market developments and it's futuristic growth opportunities
Customized regional/country reports as per request

The list of Key Players Profiled in the study includes:- Rockwell Automation Inc. (US), Siemens AG (Germany), Schneider Electric SE (France), ABB (Switzerland), and Honeywell International Inc. (US). Apart from this, there are many other smart factory companies; some of these are Fuji Electric, Hitachi, Krone, Azbil Corporation, Danfoss, KUKA, Stratasys, WIKA, Fanuc, Endress+Hauser

Cataloging the Competitive Terrain of the Smart Factory Market:

The report provides an overview of every manufacturers and the products developed by each manufacturer along with the application scope of every product.
Data regarding the market share of every company, as well as sales figures concerning each firm, is stated in the report.
Details regarding the profit margins and price patterns have been inculcated in the report.

IN THE NEWS

➤ 14th July 2023, First Mode is building a smart manufacturing facility in Seattle, US, to produce zero-emission powerplants and associated ground infrastructure for its nuGen™ haulage solutions. The facility will enable concurrent development and production of multiple nuGen™ engine configurations and will digitalize and automate workflows for a smarter, safer, and more efficient factory.

➤ 7th June 2023, Palantir and Panasonic Energy have partnered to deliver a smart factory solution that integrates edge sensors, introduces automated efficiencies, and enables operational users to leverage connected operations. The system will be used across PENA's facilities in Nevada and Kansas to guide operational decision-making and improve the quality and volume of production outputs.

➤ 6th Nov 2023, Siemens is building a new $150 million smart factory in Dallas-Fort Worth, US, to produce electrical equipment for data centers and critical infrastructure. The factory will use Siemens' Xcelerator portfolio of Industry 4.0 solutions, including IoT, AI, and digital twin technology, to improve efficiency and sustainability. The factory is expected to create 700 new jobs and start production in 2025.

➤ 31st Oct 2023, Beverston Engineering invested £173,000 in sensor technology and software to connect its 20 machines and create a smart factory. This has resulted in 20% increased productivity, increased profitability, new business wins, and a 10% reduction in carbon emissions. Made Smarter also supported Beverston Engineering in developing new talent, such as Oliver Miller, an Industry 4.0 Project Manager.

➤ 29th Aug 2023, Cellares, a company that develops automated cell therapy manufacturing technology, has secured $255 million in Series C funding. The company will use the new funding to launch the world's first commercial-scale IDMO Smart Factory, which will be capable of producing 40,000 cell therapy batches per year. Cellares' Smart Factories use advanced robotics, purpose-built technology, and interconnected software to automate manual processes and enable flexible manufacturing. The company plans to deploy its Smart Factories worldwide to meet global patient demand for cell therapies.

➤ 5th July 2023, Ericsson is investing $169 million to build a smart manufacturing and technology hub in Tallinn, Estonia. The facility will consolidate all of Ericsson's operations in Estonia into a single, state-of-the-art, 50,000 sq m smart hub that comprises test labs, warehouses, production lines, and offices. The facility will be used for co-developing cellular ecosystems and production techniques, mainly with European customers and partners but focusing on volume production. Smart factories are highly networked and digital production facilities that rely on intelligent manufacturing. They use cutting-edge technology like robotics, big data analytics, artificial intelligence, and the Internet of Things to self-correct and operate autonomously on a big scale.

➤ 8th Aug 2023, Ericsson, AWS, and Hitachi America R&D successfully collaborated to deploy a private 5G network at Hitachi Astemo Americas' electric motor vehicle manufacturing plant. The network-enabled real-time video analytics to detect defects earlier, improving product quality and reducing costs. The trial also demonstrated the scalability of 5G and cloud technologies for the global deployment of digital production line applications.

Smart Factory Market Dynamics:

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Growth Drivers:

Industry 4.0 initiatives driving smart manufacturing.
Integration of IoT, AI, and automation in manufacturing processes.
Emphasis on data-driven decision-making in factories.
Increasing focus on efficiency, flexibility, and connectivity.

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Segmentation Analysis of the Market:

Global Smart Factory Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Global Smart Factory Market segments and Market Data Break Down are illuminated by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, MES, Industrial Safety, PAM), Industry (Process Industry, Discrete Industry)

Smart Factory Market Regional Analysis:  

Regional Coverage:

Rеgіоn-wіѕе ѕеgmеntаtіоn in the Global Smart Factory Market іnсludеѕ the claims to split the regional scope of the market, which among these regions has been touted to amass the largest market share over the anticipated duration

•North America(USA, Canada and Mexico)
•Europe(UK, Germany, France and the Rest of Europe)
•Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
•South America(Brazil, Argentina and the Rest of South America)
•Middle East and Africa(GCC and Rest of the Middle East and Africa)

** Note - This report sample includes:

Scope For 2025
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by The Market Insights

The Global Smart Factory Market Industry Report Covers The Following Data Points:

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the global Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the global Market industry include North America, Europe, Asia-Pacific, and the Middle-East and Africa. Smart Factory Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Smart Factory Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.

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What makes the information worth buying?

• A comprehensive and in-depth overview of the global Smart Factory industry in exchange, use, and geographical area sectors is provided.

• This research looks at the industry rewards and constraints that influence industry growth.

• Developing business strategies and aspects to aid in an emerging market.

• Examining free markets and developing appropriate strategies.

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About us:

Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.

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