Global Smart Factory Market : Industry Analysis and Forecast (2019 – 2027)
Global Smart Factory Market was valued at US$ 153.70 Bn in 2019 and is expected to reach US$ 293.85 Bn by 2027, at a CAGR of 9.7% during a forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Smart Factory Market is driven by the revolution of the Internet of Things (IoT), increasing use of enabling technologies in manufacturing, rise in adoption of industrial robots in manufacturing, and innovations in assembly-line methods. Increasing use of automation in manufacturing, government support to industrial automation, simple regulatory compliances, increasing complexities in global supply chain are driving the global smart factory market across the globe. Industrial robotics is expected to be the leading sub-segment in components market during forecast period and is expected to command highest share in components segment in global smart factory market. Smart factory solutions address the growing need of centralizing business data and to track multiple operations with the real-time data analysis. Discrete industry to witness the highest growth during forecast period. Automotive and transportation are the largest end-use application segment in the global Smart Factory Market and are expected to continue dominance. Various sensors and actuators are used in many industries offering advance automation solutions that are projected to drive the demand over the forecast period.50% of the companies that have renovated their ERP core and migrated to
IoT infrastructure to standardize platform are expected to increase the customer interaction by 20% in forecast period. The market for the pharmaceuticals industry is expected to grow at the highest CAGR amongst process industries during a forecast period. As pharmaceuticals manufacturing is a complex process, it requires proper end-to-end monitoring to achieve operational efficiency. Manufacturers face problems such as growing cost pressures, regulatory and safety guidelines, and increasing demand for diverse product portfolios. Technologies such as MES, EMI and HMI help manufacturers standardize their workflow and minimize lead times by eliminating the time required for the approval from various bodies such as FDA. Global Smart Factory Market Visit Full Report below Click links: https://www.maximizemarketresearch.com/market-report/global-smart-factorymarket/28399/ Scope of the Report Global Smart Factory Market Global Smart Factory Market, By Technology: • Enterprise resource planning (ERP) • Supervisory control and data acquisition (SCADA) • Programmable Automation Controller (PAC) • Programmable Logic Controller (PLC) • Distributed Control System (DCS) • Human Machine Interface (HMI) Global Smart Factory Market, By Field Devices: • Industrial Robotics o Articulated Robot o Cylindrical Robot o Scara Robot o Cartesian Robot • Control Devices o Sensors o Relays & Switches o Motors & Drive • Industrial Network o RFID System Chipless RFID Chip-Based RFID o Wireless Network Chipset Microprocessor System Sensors o Wired Network Ethernet Media Converters Unmanaged Switches Managed Switches Global Smart Factory Market, By Components:
• Industrial robotics • Control devices • Sensors and actuators • Machine Vision • Industrial 3D Printing Global Smart Factory Market, By Solution: • SCADA • PLC • DCS • MES • PLM • ERP • HMI • PAM Global Smart Factory Market, By Industrial Networks: • Process Industries o Oil & Gas o Power o Food & Beverages o Chemicals o Metals & Mining o Pulp & Paper o Pharmaceuticals o Others • Discrete Industries o Automotive o Machine Manufacturing o Semiconductor & Electronics o Aerospace & Defense o Medical Devices o Others Global Smart Factory Market, By Market Structure: • To Connect o Wired and Wireless Networking o Wide Area Networking (WAN) o Local Area Networking (LAN) o Machine-to-Machine Network • To Collect o Sensors o Digital Measurement Devices o Auto Identification Hardware • To Analyse o Data Historian o Reporting o Complex Event Processing o Predictive Algorithm • To Control
o Actuators o Programmable Logic Controllers o Smart Robotics o Additive Manufacturing Equipment o SCADA o DCS o Others Global Smart Factory Market, By Region: • North America • Europe • Asia Pacific • South America • Middle East and Africa Key Players Operating in Global Smart Factory Market: • ABB (ASEA BROWN BOVERI) Group • Siemens AG • Schneider Electric SE • Rockwell Automation Inc. • Honeywell International, Inc. • General Electric Company • Johnson Controls International PLC • Yokogawa Electric Corporation • Robert Bosch GmbH • Oracle Corporation • SAP SE • IBM Corporation • Emerson Electric Company • Cisco Systems, Inc. • Wipro Limited • Omron • Fanuc • Mitsubishi Electric • Toyota • Honda • Suzuki About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Vikas Godage Organization: Maximize Market Research Email: sales@maximizemarketresearch.com Contact: +919607065656 / +919607195908 Website:www.maximizemarketresearch.com