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Global Smart Factory Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026
SKU ID : QYR-15910421 | Publishing Date : 13-Jul-2020 | No. of pages : 113
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Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.
Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.
North America was the largest market with a market share of 29.09% in 2012 and 26.56% in 2017 with an increase of 2.53%. Europe and China ranked the second and third markets with the market share of 26.50% and 18.92% in 2016.
The smart factory market has been increased in accordance with the development of whole economy, technology and emerging application and the whole world response to the industry 4.0. What is more, continuous advancement in machine intelligence and internet is expected to bring about a fourth industrial revolution, expected to offer a wide range of benefits, including greater efficiency, flexibility, and safety. So, we will see a fast growth rate of the market. What more, there are some problems to be solved ahead, such as the whole supply chain, the whole eco-system, the fierce competition, the high cost, the international standard and so on.
The vendors are better find their own characteristics, improve product and service quality, including the software and hardware, as well as the services, pay attention to all of the supply chain and eco-system and good brand communication. Following the market trends, access to greater competitive advantage, concerning more on their customer experience and services to get a bigger market share.
Market Analysis and Insights: Global Smart Factory Market
In 2019, the global Smart Factory market size was US$ 51510 million and it is expected to reach US$ 106430 million by the end of 2026, with a CAGR of 10.8% during 2021-2026.
Global Smart Factory Scope and Market Size
Smart Factory market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Smart Factory market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Smart Factory market is segmented into
Process Manufacturing
Discrete Manufacturing
Others
Segment by Application, the Smart Factory market is segmented into
Automobile and Transportation
Food and Beverage
Electrical and Electronics
Chemical and Material
Oil and Gas
Others
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Smart Factory market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Smart Factory product introduction, recent developments, Smart Factory sales by region, type, application and by sales channel.
The major companies include:
Siemens AG
ABB Ltd.
Honeywell International, Inc.
Yokogawa Electric Corp.
General Electric Company
Emerson Electric Company
Schnieder Electric
Atos SE
Rockwell Automation Inc.
Robert Bosch GmbH
Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.
North America was the largest market with a market share of 29.09% in 2012 and 26.56% in 2017 with an increase of 2.53%. Europe and China ranked the second and third markets with the market share of 26.50% and 18.92% in 2016.
The smart factory market has been increased in accordance with the development of whole economy, technology and emerging application and the whole world response to the industry 4.0. What is more, continuous advancement in machine intelligence and internet is expected to bring about a fourth industrial revolution, expected to offer a wide range of benefits, including greater efficiency, flexibility, and safety. So, we will see a fast growth rate of the market. What more, there are some problems to be solved ahead, such as the whole supply chain, the whole eco-system, the fierce competition, the high cost, the international standard and so on.
The vendors are better find their own characteristics, improve product and service quality, including the software and hardware, as well as the services, pay attention to all of the supply chain and eco-system and good brand communication. Following the market trends, access to greater competitive advantage, concerning more on their customer experience and services to get a bigger market share.
Market Analysis and Insights: Global Smart Factory Market
In 2019, the global Smart Factory market size was US$ 51510 million and it is expected to reach US$ 106430 million by the end of 2026, with a CAGR of 10.8% during 2021-2026.
Global Smart Factory Scope and Market Size
Smart Factory market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Smart Factory market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Smart Factory market is segmented into
Process Manufacturing
Discrete Manufacturing
Others
Segment by Application, the Smart Factory market is segmented into
Automobile and Transportation
Food and Beverage
Electrical and Electronics
Chemical and Material
Oil and Gas
Others
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape
and Smart Factory Market Share AnalysisSmart Factory market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Smart Factory product introduction, recent developments, Smart Factory sales by region, type, application and by sales channel.
The major companies include:
Siemens AG
ABB Ltd.
Honeywell International, Inc.
Yokogawa Electric Corp.
General Electric Company
Emerson Electric Company
Schnieder Electric
Atos SE
Rockwell Automation Inc.
Robert Bosch GmbH
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
