Smart Factory Industry Development Strategy, Emerging Technologies, Trends and Forecast by 2027

Smart Factory Market Report: by Component (Software, Hardware, Service), by Connectivity (Wired Connectivity, Wireless Connectivity)

Market Scenario

The smart factory represents the technological and manufacturing development and is combination of high-tech tools and high-tech workers. Smart factory can be defined as a combination of production, information, and communication technologies, having the ability for integration across the entire manufacturing supply chain. The growing demand for sustainable and service-oriented business practices the smart factory is designed. It depends upon flexibility, adaptability, fault tolerance, and risk management.

Smart Factory consists of different technologies such Enterprise resource planning (ERP), Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS) and Human Machine Interface (HMI). Enterprise resource planning (ERP) is the real time management of business processes facilitated by software. Supervisory control and data acquisition is a controlled system architecture which uses computers, graphical user interfaces and network data communications for high-level processes. Human Machine Interface includes the electronics required to signal and control the state of Smart Factory equipment.

The industry players are emphasized on improving the efficiency of manufacturing process which is the major driver in Smart Factory market. Apart from it, developments in internet of things (IoT), focus on power consumption are the factors driving Smart Factory. Usage of robots in has been a market trend. The shortage of skilled and trained workers is observed as a threat in smart factory market. The study indicates that many organizations have increased investments in big data analytics, internet of things (IoT) and cloud technologies which is a booster for the smart factory market.

The Smart Factory Market is estimated to grow at a CAGR of 11.7%. The market is estimated to reach around USD 257,485 million during the forecast period 2018-2023.

Segments:

Smart Factory by Components:

  • Industrial robotics (Articulated, Cylindrical, Scara Cartesian robot)
  • Control devices
  • Sensors and actuators

Smart Factory by Technology:

  • Enterprise resource planning (ERP)
  • Supervisory control and data acquisition (SCADA)
  • Programmable Automation Controller (PAC)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Human Machine Interface (HMI)

Smart Factory by End-user:

  • Machine manufacturing
  • Oil gas
  • Aerospace defense
  • Electrical electronics
  • Automotive transportation
  • Chemical
  • Pharmaceuticals
  • Mining metals
  • Food beverages
  • Electric power generation

Key Players:

The prominent players in the Smart Factory Market are - Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), Cognex Corporation, Oracle Corporation (U.S.), IBM Corporation (U.S.), Yokogawa Electric (Japan), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan) among others.

Regional Analysis:

The regional analysis of Smart Factory market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. Asia-pacific region has shown a considerable growth in smart factory due to technological improvements in the automotive manufacturing sector. The study indicates that countries like Japan, China, South Korea and many others have shown substantial progress in industrial robotics leading to an increase in smart factory market. United States, Germany, France and others are also showing rapid progress in the smart factory market.

Intended Audience:

  • Process Automation and Instrumentation Manufacturers
  • Industrial Robot Manufacturers
  • Semiconductor product designers and fabricators
  • Automation product manufacturers
  • Technology investors
  • Hardware software manufacturers
  • MES (Manufacturing Execution System)
  • MOM (Manufacturing Operations Management)
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms

Get Complete Report @ https://www.marketresearchfuture.com/reports/smart-factory-market-2317

TABLE OF CONTENTS

 

List Of Tables

 

Table 1 Smart Factory Market, By Component

 

Table 2 Smart Factory Market, By Technology

 

Table 3 Smart Factory Market, By End-User

 

Table 4 Smart Factory Market, By Regions

 

Table 5 North America Smart Factory Market, By Component

 

Table 6 North America Smart Factory Market, By Technology

 

Table 7 North America Smart Factory Market, By End-User

 

Table 8 U.S. Smart Factory Market, By Component

 

Table 9 U.S. Smart Factory Market, By Technology

 

Table 10 U.S. Smart Factory Market, By End-User

 

Table 11 Canada Smart Factory Market, By Component

 

Table 12 Canada Smart Factory Market, By Technology

 

Table 13 Canada Smart Factory Market, By End-User

 

Table 14 Europe Smart Factory Market, By Component

 

Table 15 Europe Smart Factory Market, By Technology

 

Table 16 Europe Smart Factory Market, By End-User

 

Table 17 Germany Smart Factory Market, By Component

 

Table 18 Germany Smart Factory Market, By Technology

 

Table 19 Germany Smart Factory Market, By End-User

 

Table 20 France Smart Factory Market, By Component

 

Continued…

SourceMarket Research Future


vivek Vishwakarma

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