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Smart Factory Market by Technology (DCS, PLC, MES, ERP, SDADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), End-User Industry, and Region - Global Forecast to 2022

Smart Factory Market: Global Forecast until 2022

  • April 2017
  • 209 pages
  • ID: 3686465
In this report:
The smart factory markets for the process and discrete industries are expected to grow at a CAGR of ##.##% and ##.##%, respectively, between 2017 and 2022.
However, the market for the discrete industry is expected to be worth USD ##.## billion by 2022, growing at a higher CAGR of ##.##% during the forecast period owing to a high need for the monitoring and controlling solutions in various discrete industries such as automotive, medical devices, and aerospace and defense.

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"Smart factory market anticipated to exhibit significant increase potential between 2017 and 2022"

The smart factory market is estimated to rise at a compound annual growth rate of 9.30 percent between 2017 and 2022, to attain ~$205.4B by 2022. The main driving factors for the increase ot the smart factory market are the growth in adoption of industrial robots, the evolution of Internet of Things, increase in demand for smart automation solutions, and rise in emphasis on regulatory compliances. Nevertheless, the Elements such as huge capital investments and the risks combined with security of cyber-physical system are the main factors restraining the increase of this market.

"DCS technology forecasted to hold a main share of the smart factory market during the estimate period"

DCS technology is intended to hold a main share of the market by 2022. This increase is assigned to a high rate of industrialization in the developing economies. The developing regions are witnessing the expansion of the manufacturing activities at the more significant pace due to the availability of skilled workforce, low labor cost, and availability of resources. Developing countries have development and capacity addition plans related to the power industry, which would boost the industry demand for DCS.

"Market for industrial 3D printing intended to grow at the maximal rate between 2017 and 2022"

The industrial 3D printing market is expected to rise at the maximal level rate between 2017 and 2022. The market increase is assigned to the growing adoption of 3D printing technology in sectors like automotive, aerospace and defense, food and beverages, and semiconductor and electronics.

"Market for the automotive sector to account for most important share of the overall smart factory market, during the outlook period"

The automotive market is forecasted to hold the biggest size of the smart factory market during the estimate period. Advancement in automotive manufacturing technologies and a growth in investment by top automotive manufacturers are some of the factors projected to drive the industry for the automotive sector. Smart manufacturing plays a main role in the development and production of quality automobiles. Modernizations in the assembly line methods are welcomed by the vehicle manufacturers to improve quality and rise factory productivity.

"Smart factory market in Asia-Pac forecasted to grow at the highest level rate during the outlook period"

The smart factory market in the Asia-Pacific regions is expected to grow at the maximal rate between 2017 and 2022. The increase of the market is primarily influenced by the increasing manufacturing market in the area. Moreover, continuous advancements and technological innovations in different industries; economic development in China (CN), Japan (JP), and India (IN); increase in infrastructural developments in other countries in Southeast Asia; and a rise in foreign investments in this area are driving the increase of the smart factory market in the territory.

The breakdown of the profiles of primary members taking part for the industry report has been provided below:

• By Company category: Tier 1 = 50.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 20.0 percent

• By Description: C-suite executives = 70.0 percent, Directors = 20.0 percent, and Others = 10.0 percent

• By Area: North America (NA) = 40.0 percent, EU = 35.0 percent, Asia-Pacific = 15.0 percent, and RoW = 10.0 percent

The key competitors in the smart factory market contain ABB Ltd. (NYSE:ABB), Atos SE, Emerson Electric (NYSE:EMR), FANUC Corporation, General Electric (NYSE:GE), Honeywell (NYSE:HON), Mitsubishi Electric (TSE:6503), Robert Bosch (RBOS), Rockwell Automation (NYSE:ROK), Schneider Electric (SU), Siemens (SIA), and Yokogawa Electric (TYO:6841).

Segment Research

The research report examines the smart factory market established on the following segments-technology, component, end-user sector, and area. The market has been split on the basis of technology into Product Life Cycle Management, Manufacturing Execution Systems, Programmable Logic Controller, Supervisory Control and Data Acquisition System, Enterprise Resource Planning, Distributed Control System, Human Machine Interface, and Plant Asset Management. The study includes the market broken down on the basis of component into sensors, machine vision systems, industrial 3D printing, and industrial robots.

The market has been split on the basis of end-user sectors into process and discrete market. On top of, process markets have been divided into oil and gas, food and beverages, energy and power, mining and metals, chemical, pharmaceutical, pulp and paper, others (cement and glass, and water and wastewater management). Discrete sectors include automotive, aerospace and defense, semiconductor and electronics, machine manufacturing, medical devices, and others (printing and packaging). The analysis also includes the market broken down on the basis of four main regions: North America continent, Europe (EU), Asia-Pac, and RoW.

Main highlights

- Figures of segmentation, study, and estimate for the sector established on technology, component, end-user sector, and area have been provided to give an global view of the smart factory market.

- The exhaustive value chain review has been providing to offer a detailed insight into the smart factory market.

- The main drivers, market restraints, alternatives, and opportunities for the smart factory market have been precised in this industry report.

- The market research includes the in-depth competitive landscape together with the top players and their revenues.

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