Global Smart Factory Services Market Research Report 2024

Publication ID:

PB504244335

Publication Date:

April 23, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

IT Services [2]

Computing & Electronics [3]

Description:

A smart factory is a digitised manufacturing facility that uses connected devices, machinery and production systems to continuously collect and share data.
The global Smart Factory Services market was valued at US$ 4254.5 million in 2023 and is anticipated to reach US$ 9160.6 million by 2030, witnessing a CAGR of 12.4% during the forecast period 2024-2030.
The smart factory market is experiencing rapid growth and is expected to continue expanding in the coming years. A smart factory, also known as a digital factory or factory of the future, refers to an advanced manufacturing facility that incorporates various technologies such as artificial intelligence (AI), Internet of Things (IoT), robotics, and big data analytics to optimize production processes and improve operational efficiency.

One of the key drivers of the smart factory market is the increasing adoption of industrial automation. Manufacturers are deploying automation solutions to streamline their production processes, reduce human errors, and increase productivity. Smart factories enable seamless communication and collaboration between different machines, systems, and processes, leading to improved production quality and reduced costs.

Another important trend in the smart factory market is the integration of AI and data analytics. By leveraging data collected from connected devices and sensors, manufacturers can gain valuable insights into their operations and make data-driven decisions. AI-powered analytics software can analyze large volumes of data in real-time, identify patterns, and optimize production processes to enhance efficiency, reduce downtime, and improve product quality.

The implementation of IoT technologies is also driving the growth of smart factories. Connected devices and sensors enable real-time monitoring and control of production equipment, allowing manufacturers to detect and resolve issues proactively. IoT also enables the collection of valuable data, enabling predictive maintenance and optimizing equipment utilization.

Furthermore, advancements in robotics and collaborative robots (cobots) are transforming the factory environment. Robots are being used extensively in tasks such as assembly, material handling, and quality control, improving efficiency and reducing the risk of worker injuries. Cobots, designed to work safely alongside human workers, are particularly gaining popularity as they can assist with repetitive or dangerous tasks, freeing up human workers to focus on more complex and value-added activities.

Additionally, as sustainability becomes a key focus across industries, the concept of a green and energy-efficient smart factory is gaining traction. Manufacturers are adopting renewable energy sources, energy management systems, and sustainable practices to reduce their carbon footprint and optimize energy consumption.

In terms of geographical trends, Asia Pacific is expected to dominate the smart factory market. Countries like China, Japan, and South Korea have made significant investments in smart manufacturing technologies and are witnessing rapid industrial automation. The region's strong manufacturing base and the push towards Industry 4.0 are driving the adoption of smart factory solutions.

Overall, the smart factory market is witnessing significant growth driven by the increasing adoption of industrial automation, the integration of AI and data analytics, and the implementation of IoT technologies. The use of robotics and cobots is also shaping the factory environment. The Asia Pacific region is expected to lead the market, propelled by its strong manufacturing base and government support for smart manufacturing initiatives.
This report aims to provide a comprehensive presentation of the global market for Smart Factory Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Factory Services.
Report Scope
The Smart Factory Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Factory Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Smart Factory Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB Ltd.
Siemens AG
Schneider Electric SE
Rockwell Automation Inc.
General Electric Company
Johnson Controls International PLC
Yokogawa Electric Corporation
Honeywell International Inc.
SAP SE
Oracle Corporation
IBM Corporation
Cisco Systems Inc.
Microsoft Corporation
Kollmorgen
Segment by Type
Integration & Deployment
Consulting
Support & Maintenance
Segment by Application
Smart Factories for Automotive
Smart Factories for Aerospace & Defence
Smart Factories for Electrical & Electronics
Smart Factories for Food & Beverages
Smart Factories for Energy & Utilities
Smart Factories for Healthcare & Pharmaceuticals
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Smart Factory Services companies鈥� competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

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

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Smart Factory Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Integration & Deployment
1.2.3 Consulting
1.2.4 Support & Maintenance
1.3 Market by Application
1.3.1 Global Smart Factory Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Smart Factories for Automotive
1.3.3 Smart Factories for Aerospace & Defence
1.3.4 Smart Factories for Electrical & Electronics
1.3.5 Smart Factories for Food & Beverages
1.3.6 Smart Factories for Energy & Utilities
1.3.7 Smart Factories for Healthcare & Pharmaceuticals
1.3.8 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Smart Factory Services Market Perspective (2019-2030)
2.2 Smart Factory Services Growth Trends by Region
2.2.1 Global Smart Factory Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Smart Factory Services Historic Market Size by Region (2019-2024)
2.2.3 Smart Factory Services Forecasted Market Size by Region (2025-2030)
2.3 Smart Factory Services Market Dynamics
2.3.1 Smart Factory Services Industry Trends
2.3.2 Smart Factory Services Market Drivers
2.3.3 Smart Factory Services Market Challenges
2.3.4 Smart Factory Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Smart Factory Services Players by Revenue
3.1.1 Global Top Smart Factory Services Players by Revenue (2019-2024)
3.1.2 Global Smart Factory Services Revenue Market Share by Players (2019-2024)
3.2 Global Smart Factory Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Smart Factory Services Revenue
3.4 Global Smart Factory Services Market Concentration Ratio
3.4.1 Global Smart Factory Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Smart Factory Services Revenue in 2023
3.5 Smart Factory Services Key Players Head office and Area Served
3.6 Key Players Smart Factory Services Product Solution and Service
3.7 Date of Enter into Smart Factory Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Smart Factory Services Breakdown Data by Type
4.1 Global Smart Factory Services Historic Market Size by Type (2019-2024)
4.2 Global Smart Factory Services Forecasted Market Size by Type (2025-2030)
5 Smart Factory Services Breakdown Data by Application
5.1 Global Smart Factory Services Historic Market Size by Application (2019-2024)
5.2 Global Smart Factory Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Smart Factory Services Market Size (2019-2030)
6.2 North America Smart Factory Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Smart Factory Services Market Size by Country (2019-2024)
6.4 North America Smart Factory Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Smart Factory Services Market Size (2019-2030)
7.2 Europe Smart Factory Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Smart Factory Services Market Size by Country (2019-2024)
7.4 Europe Smart Factory Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Smart Factory Services Market Size (2019-2030)
8.2 Asia-Pacific Smart Factory Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Smart Factory Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Smart Factory Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Smart Factory Services Market Size (2019-2030)
9.2 Latin America Smart Factory Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Smart Factory Services Market Size by Country (2019-2024)
9.4 Latin America Smart Factory Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Smart Factory Services Market Size (2019-2030)
10.2 Middle East & Africa Smart Factory Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Smart Factory Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Smart Factory Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB Ltd.
11.1.1 ABB Ltd. Company Detail
11.1.2 ABB Ltd. Business Overview
11.1.3 ABB Ltd. Smart Factory Services Introduction
11.1.4 ABB Ltd. Revenue in Smart Factory Services Business (2019-2024)
11.1.5 ABB Ltd. Recent Development
11.2 Siemens AG
11.2.1 Siemens AG Company Detail
11.2.2 Siemens AG Business Overview
11.2.3 Siemens AG Smart Factory Services Introduction
11.2.4 Siemens AG Revenue in Smart Factory Services Business (2019-2024)
11.2.5 Siemens AG Recent Development
11.3 Schneider Electric SE
11.3.1 Schneider Electric SE Company Detail
11.3.2 Schneider Electric SE Business Overview
11.3.3 Schneider Electric SE Smart Factory Services Introduction
11.3.4 Schneider Electric SE Revenue in Smart Factory Services Business (2019-2024)
11.3.5 Schneider Electric SE Recent Development
11.4 Rockwell Automation Inc.
11.4.1 Rockwell Automation Inc. Company Detail
11.4.2 Rockwell Automation Inc. Business Overview
11.4.3 Rockwell Automation Inc. Smart Factory Services Introduction
11.4.4 Rockwell Automation Inc. Revenue in Smart Factory Services Business (2019-2024)
11.4.5 Rockwell Automation Inc. Recent Development
11.5 General Electric Company
11.5.1 General Electric Company Company Detail
11.5.2 General Electric Company Business Overview
11.5.3 General Electric Company Smart Factory Services Introduction
11.5.4 General Electric Company Revenue in Smart Factory Services Business (2019-2024)
11.5.5 General Electric Company Recent Development
11.6 Johnson Controls International PLC
11.6.1 Johnson Controls International PLC Company Detail
11.6.2 Johnson Controls International PLC Business Overview
11.6.3 Johnson Controls International PLC Smart Factory Services Introduction
11.6.4 Johnson Controls International PLC Revenue in Smart Factory Services Business (2019-2024)
11.6.5 Johnson Controls International PLC Recent Development
11.7 Yokogawa Electric Corporation
11.7.1 Yokogawa Electric Corporation Company Detail
11.7.2 Yokogawa Electric Corporation Business Overview
11.7.3 Yokogawa Electric Corporation Smart Factory Services Introduction
11.7.4 Yokogawa Electric Corporation Revenue in Smart Factory Services Business (2019-2024)
11.7.5 Yokogawa Electric Corporation Recent Development
11.8 Honeywell International Inc.
11.8.1 Honeywell International Inc. Company Detail
11.8.2 Honeywell International Inc. Business Overview
11.8.3 Honeywell International Inc. Smart Factory Services Introduction
11.8.4 Honeywell International Inc. Revenue in Smart Factory Services Business (2019-2024)
11.8.5 Honeywell International Inc. Recent Development
11.9 SAP SE
11.9.1 SAP SE Company Detail
11.9.2 SAP SE Business Overview
11.9.3 SAP SE Smart Factory Services Introduction
11.9.4 SAP SE Revenue in Smart Factory Services Business (2019-2024)
11.9.5 SAP SE Recent Development
11.10 Oracle Corporation
11.10.1 Oracle Corporation Company Detail
11.10.2 Oracle Corporation Business Overview
11.10.3 Oracle Corporation Smart Factory Services Introduction
11.10.4 Oracle Corporation Revenue in Smart Factory Services Business (2019-2024)
11.10.5 Oracle Corporation Recent Development
11.11 IBM Corporation
11.11.1 IBM Corporation Company Detail
11.11.2 IBM Corporation Business Overview
11.11.3 IBM Corporation Smart Factory Services Introduction
11.11.4 IBM Corporation Revenue in Smart Factory Services Business (2019-2024)
11.11.5 IBM Corporation Recent Development
11.12 Cisco Systems Inc.
11.12.1 Cisco Systems Inc. Company Detail
11.12.2 Cisco Systems Inc. Business Overview
11.12.3 Cisco Systems Inc. Smart Factory Services Introduction
11.12.4 Cisco Systems Inc. Revenue in Smart Factory Services Business (2019-2024)
11.12.5 Cisco Systems Inc. Recent Development
11.13 Microsoft Corporation
11.13.1 Microsoft Corporation Company Detail
11.13.2 Microsoft Corporation Business Overview
11.13.3 Microsoft Corporation Smart Factory Services Introduction
11.13.4 Microsoft Corporation Revenue in Smart Factory Services Business (2019-2024)
11.13.5 Microsoft Corporation Recent Development
11.14 Kollmorgen
11.14.1 Kollmorgen Company Detail
11.14.2 Kollmorgen Business Overview
11.14.3 Kollmorgen Smart Factory Services Introduction
11.14.4 Kollmorgen Revenue in Smart Factory Services Business (2019-2024)
11.14.5 Kollmorgen Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Companies Mentioned:

ABB Ltd.
Siemens AG
Schneider Electric SE
Rockwell Automation Inc.
General Electric Company
Johnson Controls International PLC
Yokogawa Electric Corporation
Honeywell International Inc.
SAP SE
Oracle Corporation
IBM Corporation
Cisco Systems Inc.
Microsoft Corporation
Kollmorgen

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