Smart Factory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report
143 Pages
July 2022
Region: Global
IMARC Group
ID: 5633278

The global smart factory market reached a value of US$ 161.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 286.6 Billion by 2027, exhibiting a CAGR of 10.04% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A smart factory is a highly digitalized and networked facility that operates through cyber-physical systems to move materials effectively. It is integrated with computer codes and pre-programmed software to track the material flow and optimize production processes. Smart factories are hyperflexible, self-adapting and equipped with cognitive and self-healing capabilities. They include advanced solutions, such as machine vision systems, industrial robotics, supervisory control and data acquisition (SCADA), programmable logic controller (PLC) and human-machine interface (HMI) systems. They require minimal human interaction and are commonly used for manufacturing, planning, supply chain management, logistics and product development. As a result, smart factory finds extensive applications across various industries, including oil and gas, chemical, pharmaceutical, automotive, aerospace and food and beverage.

Smart Factory Market Trends:

Rapid digitization across industries, along with the increasing requirement for industrial automation, is one of the key factors creating a positive outlook for the market growth. Moreover, the widespread adoption of manufacturing execution systems (MES) and advanced data models for process-specific functioning is providing a thrust to the market growth. In line with this, the increasing adoption of refurbished industrial robots and radio frequency identification (RFID) systems is also contributing to the growth of the market. Various technological advancements, such as the integration of connected devices with cloud computing, artificial intelligence (AI) and the Internet of Things (IoT), are acting as other growth-inducing factors. These innovative technologies aid in performing electronic and mechanical assembly, product testing and automated material handling. Smart factories also utilize force sensors to verify component insertion, maintain constant force during buffing, polishing and deburring and collect data for statistical process control (SPC) systems. Other factors, including the advent of the Industrial Internet of Things (IIoT), along with the increasing adoption of smart factory solutions for the manufacturing of intricate automotive and medical components, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global smart factory market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on field devices, technology and end use industry.

Breakup by Field Devices:

Industrial Sensors
Industrial Robots
Industrial Network
Industrial 3D Printers
Machine Vision Systems

Breakup by Technology:

Product Lifecycle Management (PLM)
Human Machine Interface (HMI)
Enterprise Resource Planning (ERP)
Manufacturing Execution Systems (MES)
Distributed Control Systems (DCS)
Industrial Control System
Others

Breakup by End Use Industry:

Pharmaceuticals
Food and Beverages
Chemical
Oil and Gas
Automotive and Transportation
Semiconductor and Electronics
Aerospace and Defense
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Dassault Systèmes, Emerson Electric Co., General Electric Company, Honeywell International Inc., Johnson Controls International, Microsoft Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Schneider Electric SE and Siemens AG.

Key Questions Answered in This Report:

How has the global smart factory market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart factory market?
What are the key regional markets?
What is the breakup of the market based on the field devices?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart factory market and who are the key players?
What is the degree of competition in the industry?

Frequently Asked Questions about the Global Smart Factory Market

What is the estimated value of the Global Smart Factory Market?

The Global Smart Factory Market was estimated to be valued at $161.4 Billion in 2021.

What is the growth rate of the Global Smart Factory Market?

The growth rate of the Global Smart Factory Market is 10.0%, with an estimated value of $286.6 Billion by 2027.

What is the forecasted size of the Global Smart Factory Market?

The Global Smart Factory Market is estimated to be worth $286.6 Billion by 2027.

Who are the key companies in the Global Smart Factory Market?

Key companies in the Global Smart Factory Market include ABB Ltd, Dassault Systèmes, Emerson Electric Co., General Electric Company, Honeywell International Inc., Johnson Controls International, Microsoft Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Schneider Electric SE.

Report Attribute	Details
No. of Pages	143
Published	July 2022
Forecast Period	2021 - 2027
Estimated Market Value ( USD ) in 2021	$ 161.4 Billion
Forecasted Market Value ( USD ) by 2027	$ 286.6 Billion
Compound Annual Growth Rate	10.0%
Regions Covered	Global
No. of Companies Mentioned	11

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Smart Factory Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Field Devices

6.1 Industrial Sensors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Industrial Robots
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Industrial Network
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Industrial 3D Printers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Machine Vision Systems
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Technology

7.1 Product Lifecycle Management (PLM)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Human Machine Interface (HMI)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Enterprise Resource Planning (ERP)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Manufacturing Execution Systems (MES)
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Distributed Control Systems (DCS)
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Industrial Control System
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast

8 Market Breakup by End Use Industry

8.1 Pharmaceuticals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food and Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemical
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Oil and Gas
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Automotive and Transportation
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Semiconductor and Electronics
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Aerospace and Defense
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast

9 Market Breakup by Region

9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Dassault Systèmes
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Emerson Electric Co.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 General Electric Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Honeywell International Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Johnson Controls International
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Microsoft Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Mitsubishi Electric Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Robert Bosch GmbH
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 SWOT Analysis
14.3.10 Schneider Electric SE
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Siemens AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Smart Factory Market: Major Drivers and Challenges
Figure 2: Global: Smart Factory Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Factory Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Factory Market: Breakup by Field Devices (in %), 2021
Figure 5: Global: Smart Factory Market: Breakup by Technology (in %), 2021
Figure 6: Global: Smart Factory Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Smart Factory Market: Breakup by Region (in %), 2021
Figure 8: Global: Smart Factory (Industrial Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Smart Factory (Industrial Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Smart Factory (Industrial Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Smart Factory (Industrial Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Factory (Industrial Network) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Factory (Industrial Network) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Smart Factory (Industrial 3D Printers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Smart Factory (Industrial 3D Printers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Smart Factory (Machine Vision Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Smart Factory (Machine Vision Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Smart Factory (Product Lifecycle Management - PLM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Smart Factory (Product Lifecycle Management - PLM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Factory (Human Machine Interface - HMI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Factory (Human Machine Interface - HMI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Smart Factory (Enterprise Resource Planning - ERP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Smart Factory (Enterprise Resource Planning - ERP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Smart Factory (Manufacturing Execution Systems - MES) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Smart Factory (Manufacturing Execution Systems - MES) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Smart Factory (Distributed Control Systems - DCS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Smart Factory (Distributed Control Systems - DCS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Smart Factory (Industrial Control System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Smart Factory (Industrial Control System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Smart Factory (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Smart Factory (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Smart Factory (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Smart Factory (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Smart Factory (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Smart Factory (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Smart Factory (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Smart Factory (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Smart Factory (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Smart Factory (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Smart Factory (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Smart Factory (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Smart Factory (Semiconductor and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Smart Factory (Semiconductor and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Smart Factory (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Smart Factory (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Smart Factory (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Smart Factory (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: North America: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: North America: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United States: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United States: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Canada: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Canada: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Asia-Pacific: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Asia-Pacific: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: China: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: China: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Japan: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Japan: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: India: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: India: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: South Korea: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: South Korea: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Australia: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Australia: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Indonesia: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Indonesia: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Europe: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Europe: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Germany: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Germany: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: France: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: France: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: United Kingdom: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: United Kingdom: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Italy: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Italy: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Spain: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Spain: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Russia: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Russia: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Latin America: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Latin America: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Brazil: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Brazil: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Mexico: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Mexico: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Middle East and Africa: Smart Factory Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Middle East and Africa: Smart Factory Market: Breakup by Country (in %), 2021
Figure 96: Middle East and Africa: Smart Factory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Global: Smart Factory Industry: SWOT Analysis
Figure 98: Global: Smart Factory Industry: Value Chain Analysis
Figure 99: Global: Smart Factory Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Factory Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Factory Market Forecast: Breakup by Field Devices (in Million US$), 2022-2027
Table 3: Global: Smart Factory Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Smart Factory Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Smart Factory Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Smart Factory Market: Competitive Structure
Table 7: Global: Smart Factory Market: Key Players

Companies Mentioned

ABB Ltd
Dassault Systèmes
Emerson Electric Co.
General Electric Company
Honeywell International Inc.
Johnson Controls International
Microsoft Corporation
Mitsubishi Electric Corporation
Robert Bosch GmbH
Schneider Electric SE
Siemens AG.

Methodology

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