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“Integration of engineering and manufacturing by the adoption of IoT and advancements in M2M communication technology in the industrial sector are driving the growth of the smart factory market”
The smart factory market size, in terms of value, is expected reach USD 74.80 billion by 2020, at a CAGR of 10.4% between 2016 and 2022. This market is driven by factors such as wide adoption of IOT and technological advancements in M2M communication in the industrial sector, along with the increasing focus on saving energy & improving process efficiency.

“The smart factory market for the process industry is expected to gain the maximum traction during the forecast period”
The discrete industry is expected to hold the largest share of the overall smart factory market during the forecast period. The smart factory market for the process industry market is expected to gain the maximum traction and grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing use of smart factory solutions in various verticals to minimize losses that occur due to the ineffective management of materials.

The smart factory market for the pharmaceuticals industry, which is a subsegment of the process industry, is expected to grow at the highest CAGR during the forecast period. In this industry, automation process is mostly used not only to reduce labor costs but also to improve experimental accuracy and workflow efficiency. The automotive industry held the largest share of the smart factory market for the discrete industry in 2015 and is expected to dominate the market till 2022.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with the key people in the market. The breakdown of the profile of primary participants is given below.

- By Company Type: Tier 1 – 42%, Tier 2 – 37%, and Tier 3 – 21%
- By Designation: C-Level – 18%, Director Level – 45%, and Others – 37%
- By Region: Americas – 22%, Europe – 35%, APAC – 29%, and RoW – 14%

The changing market dynamics has urged the need for smart manufacturing techniques as the real manufacturing world has begun converging with the digital manufacturing. With the increasing demand for smart factory in the process and discrete industries, the market for smart factory is expected to witness lots of growth opportunities 2022.

The key players in the smart factory market profiled in this report are:
1. FANUC Corporation (Oshinomura, Japan)
2. Siemens AG (Munich, Germany)
3. ABB Ltd. (Zurich, Switzerland)
4. Honeywell International, Inc. (New Jersey, U.S.),
5. Yokogawa Electric Corp. (Tokyo, Japan)
6. Schneider Electric (Rueil-Malmaison, France)
7. Atos SE (France)
8. Emerson Electric (U.S.)
9. Freescale Semiconductor, Ltd. (Texas, U.S.)
10. General Electric (U.S.)
11. Johnson Controls, Inc. (Wisconsin, U.S.)
12. Robert Bosch GMBH (Stuttgart, Germany)
13. Rockwell Automation, Inc. (Wisconsin, U.S.)
14. KUKA Aktiengesellschaft (Germany)

Reasons to buy the report:
1. This report segments the smart factory market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across various industries and regions.
2. The report would help stakeholders to understand the pulse of the market by providing them the information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to better understand their competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

Table Of Contents

SMART FACTORY MARKET BY TECHNOLOGY, COMPONENT, INDUSTRY, AND GEOGRAPHY - GLOBAL FORECAST TO 2022
TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 17
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primaries 23
2.2 DEMAND-SIDE ANALYSIS OF SMART FACTORY MARKET 24
2.2.1.1 Trend of optimizing the resource usage 24
2.2.1.2 Paradigm shift of industry 25
2.2.1.3 Convergence of information technology in manufacturing processes 25
2.3 MARKET SIZE ESTIMATION 25
2.3.1 BOTTOM-UP APPROACH 26
2.3.2 TOP-DOWN APPROACH 27
2.4 MARKET SHARE ESTIMATION 27
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.6 RESEARCH ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR SMART FACTORY 36
4.2 SMART FACTORY MARKET, BY PROCESS INDUSTRY 36
4.3 SMART FACTORY MARKET, BY DISCRETE INDUSTRY 37
4.4 THE SMART FACTORY MARKET IN APAC HELD A MAJOR SHARE OF THE OVERALL SMART FACTORY MARKET IN 2015 38
4.5 SMART FACTORY MARKET, BY TECHNOLOGY 39
4.6 SMART FACTORY MARKET, BY COMPONENT 39
5 MARKET OVERVIEW 40
5.1 INTRODUCTION 41
5.2 MARKET EVOLUTION 41
5.3 MARKET SEGMENTATION 42
5.3.1 BY TECHNOLOGY 43
5.3.2 BY COMPONENT 44
5.3.3 BY INDUSTRY 44
5.3.4 BY GEOGRAPHY 45
5.4 MARKET DYNAMICS 46
5.4.1 DRIVERS 47
5.4.1.1 Increasing adoption of IoT and advancements in the M2M communication technology in the industrial sector 48
5.4.1.2 Growing focus on energy saving and improving process efficiency 48
5.4.1.3 Various government regulations across regions 49
5.4.1.4 Enhanced factory visibility and proactive maintenance 50
5.4.1.5 Connected supply chain and increased manufacturing 50
5.4.2 RESTRAINTS 51
5.4.2.1 Shortage of skilled workforce 51
5.4.2.2 Huge capital requirement to shift from traditional manufacturing to smart manufacturing 52
5.4.2.3 Sensitive cyber-physical system security threat 52
5.4.3 OPPORTUNITIES 52
5.4.3.1 Evolvement of Industrial Revolution 4.0 53
5.4.3.2 Emerging manufacturing market opportunities for IT vendors 54
5.4.3.3 Increased scope for refurbished industrial robots 54
5.4.3.4 Potential for technologies such as RFID and wired and wireless devices 54
5.4.4 CHALLENGES 54
5.4.4.1 Lack of standardization in equipment 54
5.4.4.2 Dynamic market environment 55
5.4.5 BURNING ISSUES 55
6 INDUSTRY TRENDS 56
6.1 INTRODUCTION 56
6.2 VALUE CHAIN ANALYSIS 56
6.3 LEADING TRENDS IN THE SMART FACTORY MARKET 58
6.4 PORTER'S FIVE FORCES ANALYSIS 58
6.4.1 THREAT OF NEW ENTRANTS 60
6.4.2 THREAT OF SUBSTITUTES 61
6.4.3 BARGAINING POWER OF SUPPLIERS 62
6.4.4 BARGAINING POWER OF BUYERS 63
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 64
7 MARKET BY TECHNOLOGY 65
7.1 INTRODUCTION 66
7.2 PRODUCT LIFE CYCLE MANAGEMENT 71
7.3 MANUFACTURING EXECUTION SYSTEM 74
7.4 PROGRAMMABLE LOGIC CONTROLLER 76
7.5 SUPERVISORY CONTROL AND DATA ACQUISITION 79
7.6 ENTERPRISE RESOURCE PLANNING 82
7.7 DISTRIBUTED CONTROL SYSTEM 84
7.8 HUMAN MACHINE INTERFACE 86
8 MARKET,BY COMPONENT 89
8.1 INTRODUCTION 90
8.2 SENSORS and ACTUATORS 94
8.3 COMMUNICATION TECHNOLOGIES 97
8.3.1 WIRED TECHNOLOGIES 97
8.3.1.1 Ethernet 97
8.3.1.2 Fieldbus 98
8.3.1.3 Profibus 98
8.3.1.4 Wired HART 98
8.3.2 WIRELESS TECHNOLOGIES 98
8.3.2.1 RFID 99
8.3.2.2 Wi-Fi 99
8.3.2.3 Bluetooth 99
8.3.2.4 WirelessHART 99
8.4 INDUSTRIAL ROBOTICS 102
8.4.1 JOINTED-ARM ROBOTS 102
8.4.2 CARTESIAN ROBOTS 102
8.4.3 SELECTIVE COMPLIANCE ASSEMBLY ROBOT ARMS 102
8.4.4 CYLINDRICAL ROBOTS 103
8.4.5 OTHER ROBOTS 103
8.5 MACHINE VISION 105
8.5.1 CAMERA 106
8.5.1.1 Digital Camera 106
8.5.1.2 Smart Camera 106
8.5.2 FRAME GRABBERS, OPTICS, AND LED LIGHTING 106
8.5.3 PROCESSORS AND SOFTWARE 107
8.6 CONTROL DEVICES 109
8.6.1 DRIVES 109
8.6.2 RELAYS AND SWITCHES 109
8.6.3 SERVO MOTORS 110
8.7 CONTROL VALVES 112
8.7.1 PLUG VALVE 112
8.7.2 BALL VALVE 112
8.7.3 BUTTERFLY VALVE 113
8.7.4 GATE VALVE 113
8.7.5 GLOBE VALVE 113
8.7.6 DIAPHRAGM VALVE 113
8.7.7 OTHERS 114
9 MARKET BY INDUSTRY 115
9.1 INTRODUCTION 116
9.2 PROCESS INDUSTRY 117
9.2.1 OIL and GAS 117
9.2.2 CHEMICAL 117
9.2.3 PAPER and PULP 118
9.2.4 PHARMACEUTICALS 118
9.2.5 MINING and METALS 118
9.2.6 FOOD and BEVERAGES 119
9.2.7 PETROCHEMICALS and FERTILIZERS 119
9.2.8 OTHERS 120
9.3 DISCRETE INDUSTRY 123
9.3.1 AUTOMOTIVE 123
9.3.2 MACHINE MANUFACTURING 123
9.3.3 ELECTRICAL and ELECTRONICS 124
9.3.4 AEROSPACE and DEFENSE 124
9.3.5 OTHERS 125
10 MARKET,BY GEOGRAPHY 128
10.1 INTRODUCTION 129
10.2 AMERICAS 131
10.2.1 AMERICAS: A LUCRATIVE MARKET FOR SMART FACTORY 131
10.2.2 NORTH AMERICA 134
10.2.2.1 U.S. 135
10.2.2.1.1 U.S.: Largest player in the smart factory market in the Americas 135
10.2.2.2 CANADA 135
10.2.2.2.1 Lower adoption rate of smart factory solutions as compared to the U.S. 135
10.2.2.3 MEXICO 136
10.2.2.3.1 Estimated to grow at the highest rate in the smart factory market during the forecast period 136
10.2.3 SOUTH AMERICA 136
10.2.3.1 Focusing on smart manufacturing and growing significantly 136
10.3 EUROPE 136
10.3.1 EUROPE: ONE OF THE EARLY ADOPTERS OF INDUSTRY 4.0 136
10.3.2 U.K. 138
10.3.2.1 U.K.: More companies expected to adopt smart factory in the future 138
10.3.3 GERMANY 138
10.3.3.1 Germany: A substantially mature market 138
10.3.4 FRANCE 138
10.3.4.1 France: Strong economy expected to drive future growth 138
10.3.5 ITALY 138
10.3.5.1 Italy: Manufacturers focus on smart factory to improve productivity and contribute to the economic growth 138
10.3.6 REST OF EUROPE 139
10.3.6.1 Rest of Europe: Spain, an emerging market with significant potential 139
10.4 APAC 139
10.4.1 APAC: EXPECTED TO DRIVE THE SMART FACTORY MARKET 139
10.4.2 CHINA 142
10.4.2.1 China: Fastest growing smart factory market in APAC 142
10.4.3 JAPAN 142
10.4.3.1 Japan: Significant market share in 2015 142
10.4.4 SOUTH KOREA 142
10.4.4.1 South Korea: Increase in facility investment expected to boost the growth of the smart factory market 142
10.4.5 INDIA 143
10.4.5.1 India: Flourishing automotive market increasing the scope for smart factory adoption in India 143
10.4.6 REST OF APAC 143
10.4.6.1 Rest of APAC: Australia, an emerging market for smart manufacturing 143
10.5 REST OF THE WORLD (ROW) 143
10.5.1 ROW: DEVELOPING SMART FACTORY MARKET 143
10.5.2 MIDDLE EAST 145
10.5.2.1 Middle East: Large number of oil reserves 145
10.5.3 AFRICA 145
10.5.3.1 Africa: Rapidly growing market for smart factory in RoW 145
11 COMPETITIVE LANDSCAPE 146
11.1 OVERVIEW 146
11.2 MARKET RANKING ANALYSIS OF THE SMART FACTORY MARKET 147
11.3 COMPETITIVE SITUATION AND TRENDS 149
11.3.1 NEW PRODUCT LAUNCHES/NEW PRODUCT DEVELOPMENTS 150
11.3.2 MERGERS and ACQUISITIONS 151
11.3.3 PARTNERSHIPS and AGREEMENTS 152
11.3.4 OTHER DEVELOPMENTS 153
12 COMPANY PROFILES 154
(Overview, Products and Services, Strategies and Insights, Developments and MnM View )*
12.1 INTRODUCTION 154
12.2 FANUC CORP. 155
12.3 SIEMENS AG 158
12.4 ABB LTD. 161
12.5 HONEYWELL INTERNATIONAL, INC. 165
12.6 YOKOGAWA ELECTRIC CORP. 168
12.7 SCHNIEDER ELECTRIC 171
12.8 ATOS SE 174
12.9 EMERSON ELECTRIC COMPANY 177
12.10 FREESCALE SEMICONDUCTOR, LTD. 180
12.11 GENERAL ELECTRIC COMPANY 183
12.12 JOHNSON CONTROLS, INC. 185
12.13 ROBERT BOSCH GMBH 187
12.14 ROCKWELL AUTOMATION, INC. 190
12.15 KUKA AKTIENGESELLSCHAFT 193
*Details on MarketsandMarkets View, Overview, Products and Services, Financials and Strategy and Analyst Insights might not be captured in case of unlisted companies.
13 APPENDIX 196
13.1 INSIGHTS OF INDUSTRY EXPERTS 196
13.2 DISCUSSION GUIDE 197
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 200
13.4 AVAILABLE CUSTOMIZATIONS 201
13.5 RELATED REPORTS 202


LIST OF TABLES

TABLE 1 SMART FACTORY MARKET, BASED ON TECHNOLOGY, BY INDUSTRY,
2013-2022 (USD BILLION) 32
TABLE 2 SMART FACTORY MARKET, BASED ON COMPONENT, BY INDUSTRY,
2013-2022 (USD BILLION) 33
TABLE 3 SMART FACTORY MARKET, BY REGION, 2013-2022 (USD BILLION) 35
TABLE 4 SMART FACTORY MARKET, BY TECHNOLOGY 43
TABLE 5 SMART FACTORY MARKET, BY COMPONENT 44
TABLE 6 SMART FACTORY MARKET, BY INDUSTRY 45
TABLE 7 ANALYSIS OF DRIVERS 47
TABLE 8 ANALYSIS OF RESTRAINTS 51
TABLE 9 ANALYSIS OF OPPORTUNITIES 52
TABLE 10 ANALYSIS OF CHALLENGES 54
TABLE 11 SMART FACTORY MARKET, BY SEGMENT, 2013-2022 (USD BILLION) 67
TABLE 12 SMART FACTORY MARKET, BY TECHNOLOGY, 2013-2022 (USD BILLION) 68
TABLE 13 SMART FACTORY MARKET, BASED ON TECHNOLOGY, BY INDUSTRY,
2013-2022 (USD BILLION) 69
TABLE 14 SMART FACTORY MARKET, BASED ON TECHNOLOGY, BY PROCESS INDUSTRY, 2013-2022 (USD BILLION) 70
TABLE 15 SMART FACTORY MARKET, BASED ON TECHNOLOGY, BY DISCRETE INDUSTRY, 2013-2022 (USD BILLION) 71
TABLE 16 PLM TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 72
TABLE 17 PLM TECHNOLOGY MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 73
TABLE 18 PLM TECHNOLOGY MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 73
TABLE 19 MES TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 75
TABLE 20 MES TECHNOLOGY MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 75
TABLE 21 MES TECHNOLOGY MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 76
TABLE 22 PLC TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 77
TABLE 23 PLC TECHNOLOGY MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 78
TABLE 24 PLC TECHNOLOGY MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 78
TABLE 25 SCADA TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 80
TABLE 26 SCADA TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2013-2022 (USD MILLION) 81
TABLE 27 SCADA TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2013-2022 (USD MILLION) 81
TABLE 28 ERP TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 83
TABLE 29 ERP TECHNOLOGY MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 83
TABLE 30 ERP TECHNOLOGY MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 84
TABLE 31 DCS TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 85
TABLE 32 DCS TECHNOLOGY MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 85
TABLE 33 HMI TECHNOLOGY MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 86
TABLE 34 HMI TECHNOLOGY MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 87
TABLE 35 HMI TECHNOLOGY MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 87
TABLE 36 SMART FACTORY MARKET, BY COMPONENT, 2013-2022 (USD BILLION) 91
TABLE 37 SMART FACTORY MARKET, BASED ON COMPONENT, BY INDUSTRY,
2013-2022 (USD BILLION) 92
TABLE 38 SMART FACTORY MARKET, BASED ON COMPONENT, BY PROCESS INDUSTRY, 2013-2022 (USD BILLION) 93
TABLE 39 SMART FACTORY MARKET, BASED ON COMPONENT, BY DISCRETE INDUSTRY, 2013-2022 (USD BILLION) 94
TABLE 40 SENSORS and ACTUATORS MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 95
TABLE 41 SENSORS and ACTUATORS MARKET, BY PROCESS INDUSTRY,
2013-2022 (USD MILLION) 96
TABLE 42 SENSORS and ACTUATORS MARKET, BY DISCRETE INDUSTRY,
2013-2022 (USD MILLION) 96
TABLE 43 COMMUNICATION TECHNOLOGIES MARKET, BY INDUSTRY,
2013-2022 (USD MILLION) 100
TABLE 44 COMMUNICATION TECHNOLOGIES MARKET, BY PROCESS INDUSTRY,
2013-2022 (USD MILLION) 101
TABLE 45 COMMUNICATION TECHNOLOGIES MARKET, BY DISCRETE INDUSTRY,
2013-2022 (USD MILLION) 101
TABLE 46 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 103
TABLE 47 INDUSTRIAL ROBOTICS MARKET, BY PROCESS INDUSTRY,
2013-2022 (USD MILLION) 104
TABLE 48 INDUSTRIAL ROBOTICS MARKET, BY DISCRETE INDUSTRY,
2013-2022 (USD MILLION) 104
TABLE 49 MACHINE VISION MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 107
TABLE 50 MACHINE VISION MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 108
TABLE 51 MACHINE VISION MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 108
TABLE 52 CONTROL DEVICES MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 110
TABLE 53 CONTROL DEVICES MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 111
TABLE 54 CONTROL DEVICES MARKET, BY DISCRETE INDUSTRY, 2013-2022 (USD MILLION) 111
TABLE 55 CONTROL VALVES MARKET, BY INDUSTRY, 2013-2022 (USD MILLION) 114
TABLE 56 CONTROL VALVES MARKET, BY PROCESS INDUSTRY, 2013-2022 (USD MILLION) 114
TABLE 57 SMART FACTORY MARKET FOR THE PROCESS INDUSTRY, BY TECHNOLOGY,
2013-2022 (USD MILLION) 120
TABLE 58 SMART FACTORY MARKET FOR THE PROCESS INDUSTRY, BY COMPONENT,
2013-2022 (USD BILLION) 121
TABLE 59 SMART FACTORY MARKET FOR THE PROCESS INDUSTRY, BY SEGMENT,
2013-2022 (USD BILLION) 122
TABLE 60 SMART FACTORY MARKET FOR THE DISCRETE INDUSTRY, BY TECHNOLOGY, 2013-2022 (USD MILLION) 125
TABLE 61 SMART FACTORY MARKET FOR THE DISCRETE INDUSTRY, BY COMPONENT,
2013-2022 (USD BILLION) 126
TABLE 62 SMART FACTORY MARKET FOR THE DISCRETE INDUSTRY, BY SEGMENT,
2013-2022 (USD BILLION) 127
TABLE 63 SMART FACTORY MARKET, BY REGION, 2013-2022 (USD BILLION) 131
TABLE 64 AMERICAS: SMART FACTORY MARKET, BY REGION, 2013-2022 (USD BILLION) 133
TABLE 65 NORTH AMERICA: SMART FACTORY MARKET, BY COUNTRY,
2013-2022 (USD BILLION) 134
TABLE 66 EUROPE: SMART FACTORY MARKET, BY COUNTRY, 2013-2022 (USD BILLION) 137
TABLE 67 APAC: SMART FACTORY MARKET, BY COUNTRY, 2013-2022 (USD BILLION) 141
TABLE 68 ROW: SMART FACTORY MARKET, BY REGION, 2013-2022 (USD MILLION) 144
TABLE 69 NEW PRODUCT LAUNCHES 151
TABLE 70 MERGERS and ACQUISITIONS 151
TABLE 71 PARTNERSHIPS, CONTRACTS, AGREEMENTS, AND JOINT VENTURES 152
TABLE 72 OTHER STRATEGIES 153


LIST OF FIGURES

FIGURE 1 MARKET SEGMENTATION 17
FIGURE 2 RESEARCH DESIGN 20
FIGURE 3 BENEFITS OF USING SMART MANUFACTURING 24
FIGURE 4 PROCESS FLOW OF MARKET SIZE ESTIMATION 26
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 26
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 27
FIGURE 7 MARKET BREAKDOWN and DATA TRIANGULATIONS 28
FIGURE 8 SMART FACTORY MARKET, 2013-2022 (USD BILLION) 31
FIGURE 9 SMART FACTORY MARKET, BY SEGMENT, 2013-2022 (USD BILLION) 31
FIGURE 10 SMART FACTORY MARKET, BY TECHNOLOGY, 2013-2022 (USD BILLION) 32
FIGURE 11 SMART FACTORY MARKET, BY COMPONENT, 2016 VS. 2022 (USD BILLION) 33
FIGURE 12 SMART FACTORY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD BILLION) 34
FIGURE 13 CHINA IS EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN
2016 AND 2022 IN THE DOMINANT APAC SMART FACTORY MARKET 34
FIGURE 14 SMART FACTORY MARKET EXPECTED TO EXHIBIT A HIGH GROWTH RATE BETWEEN 2016 AND 2022 36
FIGURE 15 SMART FACTORY MARKET FOR PHARMACEUTICALS INDUSTRY EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022 36
FIGURE 16 SMART FACTORY MARKET FOR AUTOMOTIVE INDUSTRY HELD THE HIGHEST SHARE IN 2015 37
FIGURE 17 SMART FACTORY MARKET IN APAC EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 38
FIGURE 18 HMI MARKET EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN
2016 AND 2022 39
FIGURE 19 MACHINE VISION MARKET EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022 39
FIGURE 20 EMERGENCE OF SMART FACTORY IN THE MARKET 41
FIGURE 21 SMART FACTORY MARKET SEGMENTATION 42
FIGURE 22 SMART FACTORY MARKET, BY REGION 45
FIGURE 23 SMART FACTORY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 46
FIGURE 24 RELATIONSHIP OF INTERNET-BASED TECHNOLOGIES WITH SMART FACTORY 48
FIGURE 25 INDUSTRY 4.0 - NINE TECHNOLOGIES TO TRANSFORM INDUSTRIAL PRODUCTION 53
FIGURE 26 MAJOR VALUE ADDED DURING SYSTEM INTEGRATION AND AUTOMATION AND INSTRUMENTATION PHASE 57
FIGURE 27 CYBER PHYSICAL PRODUCTION SYSTEM: THE LEADING TREND IN THE SMART FACTORY MARKET 58
FIGURE 28 PORTER'S FIVE FORCES ANALYSIS, 2015 59
FIGURE 29 BUYERS' BARGAINING POWER REMAINED HIGH IN 2015 DUE TO THE PRESENCE OF SEVERAL PLAYERS 59
FIGURE 30 IMPACT OF THREAT OF NEW ENTRANTS REMAINED MEDIUM 60
FIGURE 31 IMPACT OF THREAT OF SUBSITUTES REMAINED LOW 61
FIGURE 32 BRAND VALUE AND NUMBER OF SUPPLIERS HIGHLY EFFECTED THE SUPPLIERS' BARGAINING POWER 62
FIGURE 33 BUYERS HAD A LIMITED CHOICE DURING UPGRADES DUE TO COMPATIBILITY ISSUES 63
FIGURE 34 THE INENSITY OF COMPETITIVE RIVALRY REMAINED HIGH 64
FIGURE 35 GLOBAL SMART FACTORY MARKET, BY TECHNOLOGY 66
FIGURE 36 SMART FACTORY MARKET, BY SEGMENT, 2016 VS. 2022 (USD BILLION) 66
FIGURE 37 HMI TECHNOLOGY IS EXPECTED TO GROW AT THE HIGHEST CAGR IN THE SMART FACTORY TECHNOLOGY MARKET BETWEEN 2016 TO 2022 67
FIGURE 38 SMART FACTORY MARKET, BASED ON TECHNOLOGY, BY INDUSTRY,
2016 VS. 2022 (USD BILLION) 68
FIGURE 39 PHARMACEUTICALS INDUSTRY EXPECTED TO GROW AT THE HIGHEST CAGR IN THE SMART FACTORY TECHNOLOGY MARKET BY PROCESS INDUSTRY
BETWEEN 2016 TO 2022 69
FIGURE 40 AUTOMOTIVE INDUSTRY HELD THE HIGHEST MARKET SHARE IN THE SMART FACTORY TECHNOLOGY MARKET BY DISCRETE INDUSTRY IN 2015 70
FIGURE 41 PLM TECHNOLOGY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 72
FIGURE 42 MES TECHNOLOGY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 74
FIGURE 43 PLC TECHNOLOGY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 77
FIGURE 44 SCADA TECHNOLOGY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 80
FIGURE 45 ERP TECHNOLOGY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 82
FIGURE 46 HMI TECHNOLOGY MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 86
FIGURE 47 SMART FACTORY MARKET, BY COMPONENT 90
FIGURE 48 MACHINE VISION IS EXPECTED TO GROW AT THE HIGHEST CAGR IN THE SMART FACTORY COMPONENT MARKET 90
FIGURE 49 SMART FACTORY MARKET, BASED ON COMPONENT, BY INDUSTRY,
2016 VS. 2022 (USD BILLION) 91
FIGURE 50 MINING and METALS INDUSTRY EXPECTED TO GROW AT THE HIGHEST CAGR IN THE SMART FACTORY COMPONENT MARKET BY PROCESS INDUSTRY BETWEEN
2016 TO 2022 92
FIGURE 51 AEROSPACE and DEFENSE INDUSTRY IS EXPECTED TO GROW AT THE HIGHEST CAGR IN THE SMART FACTORY COMPONENT MARKET BY DISCRETE INDUSTRY 93
FIGURE 52 SENSORS and ACTUATORS MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 95
FIGURE 53 TYPES OF COMMUNICATION TECHNOLOGIES USED IN SMART FACTORY 97
FIGURE 54 COMMUNICATION TECHNOLOGIES MARKET, BY INDUSTRY,
2016 VS. 2022 (USD MILLION) 100
FIGURE 55 INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 103
FIGURE 56 SMART FACTORY MARKET, BY MACHINE VISION 105
FIGURE 57 MACHINE VISION MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 107
FIGURE 58 CONTROL DEVICES MARKET, BY INDUSTRY, 2016 VS. 2022 (USD MILLION) 110
FIGURE 59 GLOBAL SMART FACTORY MARKET, BY INDUSTRY 116
FIGURE 60 SMART FACTORY MARKET FOR THE PROCESS INDUSTRY, BY TECHNOLOGY,
2016 VS. 2022 (USD MILLION) 120
FIGURE 61 SMART FACTORY MARKET FOR THE PROCESS INDUSTRY, BY COMPONENT,
2016 VS. 2022 (USD BILLION) 121
FIGURE 62 SMART FACTORY MARKET FOR THE PROCESS INDUSTRY, BY SEGMENT,
2016 VS. 2022 (USD BILLION) 122
FIGURE 63 SMART FACTORY MARKET FOR THE DISCRETE INDUSTRY, BY TECHNOLOGY,
2016 VS. 2022 (USD MILLION) 125
FIGURE 64 SMART FACTORY MARKET FOR THE DISCRETE INDUSTRY, BY COMPONENT,
2016 VS. 2022 (USD BILLION) 126
FIGURE 65 SMART FACTORY MARKET FOR THE DISCRETE INDUSTRY, BY SEGMENT,
2016 VS. 2022 (USD BILLION) 127
FIGURE 66 SMART FACTORY MARKET, BY GEOGRAPHY 129
FIGURE 67 GEOGRAPHIC SNAPSHOT OF THE SMART FACTORY MARKET: CHINA AND INDIA EMERGING AS NEW HOTSPOTS IN APAC SMART FACTORY MARKET 130
FIGURE 68 APAC EXPECTED TO HOLD THE LARGEST SHARE OF THE SMART FACTORY MARKET BY 2022 130
FIGURE 69 SNAPSHOT OF THE SMART FACTORY MARKET IN THE AMERICAS 132
FIGURE 70 AMERICAS: SMART FACTORY MARKET, BY REGION, 2016 VS. 2022 (USD BILLION) 133
FIGURE 71 U.S. HELD THE LARGEST MARKET SHARE IN THE NORTH AMERICA SMART FACTORY MARKET IN 2015 134
FIGURE 72 EUROPE: SMART FACTORY MARKET, BY COUNTRY, 2016 VS. 2022 (USD BILLION) 137
FIGURE 73 SNAPSHOT OF THE SMART FACTORY MARKET IN APAC (CHINA, THE MOST LUCRATIVE MARKET IN 2015) 140
FIGURE 74 APAC: SMART FACTORY MARKET, BY COUNTRY, 2016 VS. 2022 (USD BILLION) 141
FIGURE 75 ROW: SMART FACTORY MARKET, BY COUNTRY, 2016 VS. 2022 (USD BILLION) 144
FIGURE 76 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND PARTNERSHIPS and AGREEMENTS AS THE KEY GROWTH STRATEGIES BETWEEN 2013 AND 2015 146
FIGURE 77 HONEYWELL INTERNATIONAL, INC. GREW AT THE HIGHEST RATE BETWEEN
2012 AND 2014 147
FIGURE 78 KEY PLAYER MARKET RANKING, 2014 148
FIGURE 79 MARKET EVOLUTION FRAMEWORK—STRATEGY OF NEW PRODUCT LAUCHES FUELED GROWTH AND INNOVATION IN SMART FACTORY MARKET
FROM 2013 TO 2015 149
FIGURE 80 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES AND PARTNERSHIPS and AGREEMENTS WERE THE KEY STRATEGIES FOR THE PERIOD 2013 - 2015 150
FIGURE 81 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS (2014) 154
FIGURE 82 FANUC CORPORATION : COMPANY SNAPSHOT 155
FIGURE 83 FANUC CORPORATION: SWOT ANALYSIS 157
FIGURE 84 SIEMENS AG: COMPANY SNAPSHOT 158
FIGURE 85 SIEMENS AG : SWOT ANALYSIS 160
FIGURE 86 ABB LTD.: COMPANY SNAPSHOT 161
FIGURE 87 ABB LTD.: SWOT ANALYSIS 164
FIGURE 88 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT 165
FIGURE 89 HONEYWELL INTERNATIONAL, INC.: SWOT ANALYSIS 167
FIGURE 90 YOKOGAWA ELECTRIC CORP.: COMPANY SNAPSHOT 168
FIGURE 91 YOKOGAWA ELECTRIC CORP.: SWOT ANALYSIS 170
FIGURE 92 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 171
FIGURE 93 SCHNEIDER ELECTRIC: SWOT ANALYSIS 173
FIGURE 94 ATOS SE: COMPANY SNAPSHOT 174
FIGURE 95 EMERSON ELECTRIC COMPANY: COMPANY SNAPSHOT 178
FIGURE 96 FREESCALE SEMICONDUCTOR, LTD.: COMPANY SNAPSHOT 180
FIGURE 97 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 183
FIGURE 98 JOHNSON CONTROLS, INC.: COMPANY SNAPSHOT 185
FIGURE 99 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 187
FIGURE 100 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT 191
FIGURE 101 KUKA AKTIENGESELLSCHAFT : COMPANY SNAPSHOT 193

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