Smart Factory Market, By Component, By Solution, By Manufacturing Verticals, By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

Global Smart Factory Market size was valued at US$ 95.42 Bn in 2023, and is expected to exhibit a compound annual growth rate (CAGR) of 10.7% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 95.42 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	10.70%	2030 Value Projection:	US$ 194.40 Bn

The Global Smart Factory market encompasses the provision of software and hardware solutions that enable efficient monitoring, control, and optimization of energy usage across various sectors. These solutions help organizations track energy consumption, identify areas of inefficiency, and implement strategies to enhance energy efficiency, reduce costs, and achieve sustainability objectives. EMS systems gather real-time energy consumption data from diverse sources like utility meters, sensors, and equipment. Advanced algorithms and analytics tools are employed to analyze and process this data, generating insights and recommendations for optimizing energy usage.

Market Dynamics:

The Global Smart Factory Market is characterized by dynamic and evolving trends that are reshaping the manufacturing landscape. Advancements in digital technologies, such as IoT, AI, cloud computing, and robotics, have accelerated the adoption of Smart Factory solutions worldwide. The market is driven by the need for increased operational efficiency, improved productivity, and enhanced product quality. Smart Factories offer real-time data insights, predictive maintenance capabilities, and streamlined automation, enabling manufacturers to optimize production processes and reduce downtime. The COVID-19 pandemic has further highlighted the importance of Smart Factory technologies in enabling agile and resilient manufacturing operations. The pandemic's disruptions to supply chains and workforce availability have spurred companies to invest in digital transformation to ensure continuity and adaptability in the face of unforeseen challenges. Remote monitoring and remote operations capabilities have become essential in maintaining production amid restrictions and safety protocols. However, the Smart Factory market also faces challenges, such as the lack of standardized protocols and the need for a skilled workforce. Interoperability issues arising from non-standardized systems may hinder seamless integration, while the shortage of skilled personnel capable of operating and maintaining these advanced technologies can impede widespread adoption.

Key features of the study:

This report provides in-depth analysis of the global smart factory market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global smart factory market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Companies covered as a part of this study include Oracle Corporation, ABB Group, Atos SE, Rockwell Automation, Inc., Accenture PLC, General Electric Co., PTC Inc., Siemens AG, SAP SE, and IBM Corporation.
Key developments/strategy insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global smart factory market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the smart factory market

Detailed Segmentation:

Global Smart Factory Market, By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printing
- Machine Vision
Global Smart Factory Market, By Solution
- SCADA
- MES
- Industrial Safety
- PAM
Global Smart Factory Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Smart Factory Market, By Manufacturing Verticals
- Automobile & Transportation
- Food & Beverages
- Electrical & Electronics
- Aerospace & Defense
- Oil & Gas
- Garment & Textile
- Chemical & Material
- Others (healthcare & pharmaceuticals)
Company Profiles:
- Oracle Corporation.
- ABB Group
- Atos SE
- Rockwell Automation
- Accenture PLC
- General Electric Co.
- PTC Inc.
- Siemens AG
- SAP SE
- IBM Corporation

Product Code: CMI3688

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Smart Factory Market, By Component
- Smart Factory Market, By Solution
- Smart Factory Market, By Manufacturing Verticals
- Smart Factory Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increased Efficiency and Productivity
Cost Reduction
- Restraints
High Initial Investment Costs
Data Privacy and Cyber security Concerns
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Smart Factory Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Smart Factory Market, By Component, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Industrial Sensors
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Industrial Robots
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Industrial 3D Printing
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Machine Vision
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends

6. Smart Factory Market, By Solution, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
SCADA
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
MES
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Industrial Safety
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
PAM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends

7. Smart Factory Market, By Manufacturing Verticals, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Automobile & Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Electrical & Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Aerospace & Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Garment & Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Chemical & Material
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends
Others (healthcare & pharmaceuticals)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Segment Trends

8. Smart Factory Market , By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2028
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, , By country, 2018-2030,(US$ Bn)
Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Verticals, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country, 2018-2030,(US$ Bn)

9. Competitive Landscape

* Oracle Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
. ABB Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Atos SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Rockwell Automation, Inc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Accenture PLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
General Electric Co
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
PTC Inc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Siemens AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
SAP SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
IBM Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

10. Section

Research Methodology
About us

Smart Factory Market, By Component, By Solution, By Manufacturing Verticals, By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030