Global Smart Factory Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01241426

Publication Date:

January 4, 2024

Pages:

127

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global Smart Factory market size was valued at US$ 80070 million in 2023. With growing demand in downstream market, the Smart Factory is forecast to a readjusted size of US$ 165110 million by 2030 with a CAGR of 10.9% during review period.
The research report highlights the growth potential of the global Smart Factory market. Smart Factory are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Smart Factory. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Smart Factory market.
A smart factory is a digitised manufacturing facility that uses connected devices, machinery and production systems to continuously collect and share data.
Rapid technological advancements and digital trends such as industrial IoT (Internet of Things), 5G, etc., are anticipated to boost the establishment of smart factories across the world.
Global Smart Factory key players include Siemens, ABB, Atos SE, Cisco Systems Inc. and General Electric. Global top five manufacturers hold a share nearly 20%.
North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.
In terms of product, Smart Factory Hardware is the largest segment, with a share nearly 70%. And in terms of application, the largest application is Automotive, followed by Electrical & Electronics, Energy & Utilities and Food & Beverages.
Key Features:
The report on Smart Factory market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Smart Factory market. It may include historical data, market segmentation by Type (e.g., Smart Factory Hardware, Smart Factory Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Smart Factory market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Smart Factory market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Smart Factory industry. This include advancements in Smart Factory technology, Smart Factory new entrants, Smart Factory new investment, and other innovations that are shaping the future of Smart Factory.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Smart Factory market. It includes factors influencing customer ' purchasing decisions, preferences for Smart Factory product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Smart Factory market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Smart Factory market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Smart Factory market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Smart Factory industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Smart Factory market.
Market Segmentation:
Smart Factory market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Smart Factory Hardware
Smart Factory Software
Smart Factory Services
Segmentation by application
Automotive
Aerospace & Defence
Electrical & Electronics
Food & Beverages
Energy & Utilities
Healthcare & Pharmaceuticals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
ABB
Atos SE
Cisco Systems Inc.
General Electric
Emerson
Bosch
Honeywell
Microsoft Corporation
IBM
Schnieder Electric
Oracle Corporation
Rockwell Automation Inc.
SAP SE
Yokogawa Electric

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Smart Factory Market Size 2019-2030
2.1.2 Smart Factory Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Smart Factory Segment by Type
2.2.1 Smart Factory Hardware
2.2.2 Smart Factory Software
2.2.3 Smart Factory Services
2.3 Smart Factory Market Size by Type
2.3.1 Smart Factory Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Smart Factory Market Size Market Share by Type (2019-2024)
2.4 Smart Factory Segment by Application
2.4.1 Automotive
2.4.2 Aerospace & Defence
2.4.3 Electrical & Electronics
2.4.4 Food & Beverages
2.4.5 Energy & Utilities
2.4.6 Healthcare & Pharmaceuticals
2.4.7 Others
2.5 Smart Factory Market Size by Application
2.5.1 Smart Factory Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Smart Factory Market Size Market Share by Application (2019-2024)
3 Smart Factory Market Size by Player
3.1 Smart Factory Market Size Market Share by Players
3.1.1 Global Smart Factory Revenue by Players (2019-2024)
3.1.2 Global Smart Factory Revenue Market Share by Players (2019-2024)
3.2 Global Smart Factory Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Smart Factory by Regions
4.1 Smart Factory Market Size by Regions (2019-2024)
4.2 Americas Smart Factory Market Size Growth (2019-2024)
4.3 APAC Smart Factory Market Size Growth (2019-2024)
4.4 Europe Smart Factory Market Size Growth (2019-2024)
4.5 Middle East & Africa Smart Factory Market Size Growth (2019-2024)
5 Americas
5.1 Americas Smart Factory Market Size by Country (2019-2024)
5.2 Americas Smart Factory Market Size by Type (2019-2024)
5.3 Americas Smart Factory Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Smart Factory Market Size by Region (2019-2024)
6.2 APAC Smart Factory Market Size by Type (2019-2024)
6.3 APAC Smart Factory Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Smart Factory by Country (2019-2024)
7.2 Europe Smart Factory Market Size by Type (2019-2024)
7.3 Europe Smart Factory Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Smart Factory by Region (2019-2024)
8.2 Middle East & Africa Smart Factory Market Size by Type (2019-2024)
8.3 Middle East & Africa Smart Factory Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Smart Factory Market Forecast
10.1 Global Smart Factory Forecast by Regions (2025-2030)
10.1.1 Global Smart Factory Forecast by Regions (2025-2030)
10.1.2 Americas Smart Factory Forecast
10.1.3 APAC Smart Factory Forecast
10.1.4 Europe Smart Factory Forecast
10.1.5 Middle East & Africa Smart Factory Forecast
10.2 Americas Smart Factory Forecast by Country (2025-2030)
10.2.1 United States Smart Factory Market Forecast
10.2.2 Canada Smart Factory Market Forecast
10.2.3 Mexico Smart Factory Market Forecast
10.2.4 Brazil Smart Factory Market Forecast
10.3 APAC Smart Factory Forecast by Region (2025-2030)
10.3.1 China Smart Factory Market Forecast
10.3.2 Japan Smart Factory Market Forecast
10.3.3 Korea Smart Factory Market Forecast
10.3.4 Southeast Asia Smart Factory Market Forecast
10.3.5 India Smart Factory Market Forecast
10.3.6 Australia Smart Factory Market Forecast
10.4 Europe Smart Factory Forecast by Country (2025-2030)
10.4.1 Germany Smart Factory Market Forecast
10.4.2 France Smart Factory Market Forecast
10.4.3 UK Smart Factory Market Forecast
10.4.4 Italy Smart Factory Market Forecast
10.4.5 Russia Smart Factory Market Forecast
10.5 Middle East & Africa Smart Factory Forecast by Region (2025-2030)
10.5.1 Egypt Smart Factory Market Forecast
10.5.2 South Africa Smart Factory Market Forecast
10.5.3 Israel Smart Factory Market Forecast
10.5.4 Turkey Smart Factory Market Forecast
10.5.5 GCC Countries Smart Factory Market Forecast
10.6 Global Smart Factory Forecast by Type (2025-2030)
10.7 Global Smart Factory Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Siemens
11.1.1 Siemens Company Information
11.1.2 Siemens Smart Factory Product Offered
11.1.3 Siemens Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Siemens Main Business Overview
11.1.5 Siemens Latest Developments
11.2 ABB
11.2.1 ABB Company Information
11.2.2 ABB Smart Factory Product Offered
11.2.3 ABB Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 ABB Main Business Overview
11.2.5 ABB Latest Developments
11.3 Atos SE
11.3.1 Atos SE Company Information
11.3.2 Atos SE Smart Factory Product Offered
11.3.3 Atos SE Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Atos SE Main Business Overview
11.3.5 Atos SE Latest Developments
11.4 Cisco Systems Inc.
11.4.1 Cisco Systems Inc. Company Information
11.4.2 Cisco Systems Inc. Smart Factory Product Offered
11.4.3 Cisco Systems Inc. Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Cisco Systems Inc. Main Business Overview
11.4.5 Cisco Systems Inc. Latest Developments
11.5 General Electric
11.5.1 General Electric Company Information
11.5.2 General Electric Smart Factory Product Offered
11.5.3 General Electric Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 General Electric Main Business Overview
11.5.5 General Electric Latest Developments
11.6 Emerson
11.6.1 Emerson Company Information
11.6.2 Emerson Smart Factory Product Offered
11.6.3 Emerson Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Emerson Main Business Overview
11.6.5 Emerson Latest Developments
11.7 Bosch
11.7.1 Bosch Company Information
11.7.2 Bosch Smart Factory Product Offered
11.7.3 Bosch Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Bosch Main Business Overview
11.7.5 Bosch Latest Developments
11.8 Honeywell
11.8.1 Honeywell Company Information
11.8.2 Honeywell Smart Factory Product Offered
11.8.3 Honeywell Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Honeywell Main Business Overview
11.8.5 Honeywell Latest Developments
11.9 Microsoft Corporation
11.9.1 Microsoft Corporation Company Information
11.9.2 Microsoft Corporation Smart Factory Product Offered
11.9.3 Microsoft Corporation Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Microsoft Corporation Main Business Overview
11.9.5 Microsoft Corporation Latest Developments
11.10 IBM
11.10.1 IBM Company Information
11.10.2 IBM Smart Factory Product Offered
11.10.3 IBM Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 IBM Main Business Overview
11.10.5 IBM Latest Developments
11.11 Schnieder Electric
11.11.1 Schnieder Electric Company Information
11.11.2 Schnieder Electric Smart Factory Product Offered
11.11.3 Schnieder Electric Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Schnieder Electric Main Business Overview
11.11.5 Schnieder Electric Latest Developments
11.12 Oracle Corporation
11.12.1 Oracle Corporation Company Information
11.12.2 Oracle Corporation Smart Factory Product Offered
11.12.3 Oracle Corporation Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Oracle Corporation Main Business Overview
11.12.5 Oracle Corporation Latest Developments
11.13 Rockwell Automation Inc.
11.13.1 Rockwell Automation Inc. Company Information
11.13.2 Rockwell Automation Inc. Smart Factory Product Offered
11.13.3 Rockwell Automation Inc. Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Rockwell Automation Inc. Main Business Overview
11.13.5 Rockwell Automation Inc. Latest Developments
11.14 SAP SE
11.14.1 SAP SE Company Information
11.14.2 SAP SE Smart Factory Product Offered
11.14.3 SAP SE Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 SAP SE Main Business Overview
11.14.5 SAP SE Latest Developments
11.15 Yokogawa Electric
11.15.1 Yokogawa Electric Company Information
11.15.2 Yokogawa Electric Smart Factory Product Offered
11.15.3 Yokogawa Electric Smart Factory Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Yokogawa Electric Main Business Overview
11.15.5 Yokogawa Electric Latest Developments
12 Research Findings and Conclusion

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