Global smart factory market 2024-2028

Description

List of Tables

The smart factory market is forecasted to grow by USD 97.1 bn during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the smart factory market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus of vendors on setting up new smart factories, need for simplification of complex manufacturing activities, and miniaturization of sensors.

Technavio's smart factory market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	9.53%
CAGR	10.87%
Incremental Value	$97.1bn

ByComponent

Industrial sensors
Industrial robots
Industrial 3D printers
Machine vision systems

BySolution

SCADA
MES
DCM
PLC
PLM

ByGeography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of industrial internet of things (iiot) as one of the prime reasons driving the smart factory market growth during the next few years. Also, increase in adoption of data analytics and improvements in machine vision systems will lead to sizable demand in the market.

The report on the smart factory market covers the following areas:

Smart factory market sizing
Smart factory market forecast
Smart factory market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart factory market vendors that include ABB Ltd., Azbil Corp., Cisco Systems Inc., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., FUJI Corp., General Electric Co., Honeywell International Inc., Johnson Controls International Plc., Microsoft Corp., Mitsubishi Electric Corp., Oracle Corp., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the smart factory market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75649

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Solution
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Smart Factory Market 2018 - 2022
- Historic Market Size - Data Table on Global Smart Factory Market 2018 - 2022 ($ billion)
4.2 Component segment analysis 2018 - 2022
- Historic Market Size - Component Segment 2018 - 2022 ($ billion)
4.3 Solution segment analysis 2018 - 2022
- Historic Market Size - Solution Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
- Chart on Component - Market share 2023-2028 (%)
- Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
6.3 Industrial sensors - Market size and forecast 2023-2028
- Chart on Industrial sensors - Market size and forecast 2023-2028 ($ billion)
- Data Table on Industrial sensors - Market size and forecast 2023-2028 ($ billion)
- Chart on Industrial sensors - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial sensors - Year-over-year growth 2023-2028 (%)
6.4 Industrial robots - Market size and forecast 2023-2028
- Chart on Industrial robots - Market size and forecast 2023-2028 ($ billion)
- Data Table on Industrial robots - Market size and forecast 2023-2028 ($ billion)
- Chart on Industrial robots - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial robots - Year-over-year growth 2023-2028 (%)
6.5 Industrial 3D printers - Market size and forecast 2023-2028
- Chart on Industrial 3D printers - Market size and forecast 2023-2028 ($ billion)
- Data Table on Industrial 3D printers - Market size and forecast 2023-2028 ($ billion)
- Chart on Industrial 3D printers - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial 3D printers - Year-over-year growth 2023-2028 (%)
6.6 Machine vision systems - Market size and forecast 2023-2028
- Chart on Machine vision systems - Market size and forecast 2023-2028 ($ billion)
- Data Table on Machine vision systems - Market size and forecast 2023-2028 ($ billion)
- Chart on Machine vision systems - Year-over-year growth 2023-2028 (%)
- Data Table on Machine vision systems - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Component
- Market opportunity by Component ($ billion)
- Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Solution

7.1 Market segments
- Chart on Solution - Market share 2023-2028 (%)
- Data Table on Solution - Market share 2023-2028 (%)
7.2 Comparison by Solution
- Chart on Comparison by Solution
- Data Table on Comparison by Solution
7.3 SCADA - Market size and forecast 2023-2028
- Chart on SCADA - Market size and forecast 2023-2028 ($ billion)
- Data Table on SCADA - Market size and forecast 2023-2028 ($ billion)
- Chart on SCADA - Year-over-year growth 2023-2028 (%)
- Data Table on SCADA - Year-over-year growth 2023-2028 (%)
7.4 MES - Market size and forecast 2023-2028
- Chart on MES - Market size and forecast 2023-2028 ($ billion)
- Data Table on MES - Market size and forecast 2023-2028 ($ billion)
- Chart on MES - Year-over-year growth 2023-2028 (%)
- Data Table on MES - Year-over-year growth 2023-2028 (%)
7.5 DCM - Market size and forecast 2023-2028
- Chart on DCM - Market size and forecast 2023-2028 ($ billion)
- Data Table on DCM - Market size and forecast 2023-2028 ($ billion)
- Chart on DCM - Year-over-year growth 2023-2028 (%)
- Data Table on DCM - Year-over-year growth 2023-2028 (%)
7.6 PLC - Market size and forecast 2023-2028
- Chart on PLC - Market size and forecast 2023-2028 ($ billion)
- Data Table on PLC - Market size and forecast 2023-2028 ($ billion)
- Chart on PLC - Year-over-year growth 2023-2028 (%)
- Data Table on PLC - Year-over-year growth 2023-2028 (%)
7.7 PLM - Market size and forecast 2023-2028
- Chart on PLM - Market size and forecast 2023-2028 ($ billion)
- Data Table on PLM - Market size and forecast 2023-2028 ($ billion)
- Chart on PLM - Year-over-year growth 2023-2028 (%)
- Data Table on PLM - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Solution
- Market opportunity by Solution ($ billion)
- Data Table on Market opportunity by Solution ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
12.4 Cisco Systems Inc.
- Cisco Systems Inc. - Overview
- Cisco Systems Inc. - Business segments
- Cisco Systems Inc. - Key news
- Cisco Systems Inc. - Key offerings
- Cisco Systems Inc. - Segment focus
12.5 Dassault Systemes SE
- Dassault Systemes SE - Overview
- Dassault Systemes SE - Product / Service
- Dassault Systemes SE - Key news
- Dassault Systemes SE - Key offerings
12.6 Emerson Electric Co.
- Emerson Electric Co. - Overview
- Emerson Electric Co. - Business segments
- Emerson Electric Co. - Key news
- Emerson Electric Co. - Key offerings
- Emerson Electric Co. - Segment focus
12.7 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
12.8 Honeywell International Inc.
- Honeywell International Inc. - Overview
- Honeywell International Inc. - Business segments
- Honeywell International Inc. - Key news
- Honeywell International Inc. - Key offerings
- Honeywell International Inc. - Segment focus
12.9 Johnson Controls International Plc
- Johnson Controls International Plc - Overview
- Johnson Controls International Plc - Business segments
- Johnson Controls International Plc - Key news
- Johnson Controls International Plc - Key offerings
- Johnson Controls International Plc - Segment focus
12.10 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
12.11 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key news
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
12.12 Oracle Corp.
- Oracle Corp. - Overview
- Oracle Corp. - Business segments
- Oracle Corp. - Key news
- Oracle Corp. - Key offerings
- Oracle Corp. - Segment focus
12.13 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
12.14 Rockwell Automation Inc.
- Rockwell Automation Inc. - Overview
- Rockwell Automation Inc. - Business segments
- Rockwell Automation Inc. - Key news
- Rockwell Automation Inc. - Key offerings
- Rockwell Automation Inc. - Segment focus
12.15 SAP SE
- SAP SE - Overview
- SAP SE - Business segments
- SAP SE - Key news
- SAP SE - Key offerings
- SAP SE - Segment focus
12.16 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key news
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus
12.17 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations