Smart Factory Market Size, Share, Opportunities, And Trends By Type (PLC, MES, SCADA, ERP, DCS, HMI, Others), By Industry (Oil And Gas, Chemical, Healthcare, Mining And Metal, Food And Beverage, Automotive, Manufacturing, Consumer Electronics, Aerospace And Defense), And By Geography - Forecasts From 2025 To 2030

The smart factory market is projected to grow at a CAGR of 9.08% during the forecast period.

The concept of a smart factory was essentially developed as the idea of interconnected and intelligent manufacturing was gaining ground. The smart factory is developed from the concept of IIoT. The smart factory system ensures a friendly production environment by offering a fully automatized and intelligent network of systems. It enables the exchange of data not only between the tools of production and machines but also between all elements in the production technology chain. In other words, a smart factory is a highly digitized shop floor.

A major reason for the growth of this market is the rise in the demand for industrial robots.

The demand for industrial robots is increasing significantly. These robots perform various tasks including painting, Welding, packaging, labelling, product inspection, and materials handling. These robots use sensors that allow them to choose paths, make correct judgments and provide the necessary information. The rising demand for industrial robots is expected to increase the demand for industrial sensors and hence augment the growth of the smart factory market.

The integration of smart factories with Wireless Sensor Network is expected to drive the demand for this market in the forecast period.

A large number of developments are taking place in the wireless sensor network. These networks are widely used to monitor and record the physical conditions of the environment and further forward the collected information to a central location. These wireless networks are more cost-efficient when compared with wired technology. The growing adoption of Wireless Sensor networks in smart factories would increase the demand for smart factories globally.

The growth in the demand for Additive manufacturing is anticipated to fuel the growth of this market.

Additive manufacturing is also known as 3D printing refers to a range of manufacturing technologies that incorporates additive processes to construct physical objects. These are often used in defense, pharma, retail, construction, aerospace, automotive industry, and smart manufacturing. Additive manufacturing is rapidly moving into smart factories. With its ability to provide cost-effective products, additive manufacturing is expected to grow, thus leading to the growth of smart factories.

The rising medical devices industry is also projected to positively impact the sales of smart factories.

The medical devices market is facing growing technological advances and innovation. According to the World Economic Forum, “One in three adults worldwide has multiple chronic conditions: cardiovascular disease alongside diabetes, depression as well as cancer, or a combination of three, four, or even five or six diseases at the same time. NCDs represent more than half the global burden of disease.” The number of people suffering from chronic diseases is rising with time. According to the World Health Organisation, 41 million people die every year due to chronic diseases (Non-communicable diseases), which account for 71 percent of deaths worldwide. Cardiovascular diseases alone claim 17.9 million lives globally, followed by cancer, which claims 9 million lives annually. This has led to an increase in the demand for medical devices. Smart factory solutions are contributing to improving technology assessment, planning, and remote support. It also provides cost-efficient solutions and helps in reducing wastage. With the growing medical device industry, the smart factory market is expected to grow.

The share of different regions in the global smart factory market.

The Asia Pacific region is projected to hold the largest share in the smart factory market. Both China and India are facing an increase in the adoption of automation technology. Moreover, the growing population, rapid urbanization, and change in the standard of living in the developing countries of the APAC region are estimated to drive the demand for smart factories. Moreover, there’s an increase in the need for an efficient and energy-saving manufacturing process. The companies are investing heavily to tap the hidden opportunities. Moreover, the market has attracted many foreign investors.

The impact of COVID-19 on the Smart Factory Market 

The threat posed by the surge of coronavirus has drastically affected all the economies. With the imposition of lockdown and strict government restrictions, the market for the smart factory has declined significantly. Restrictions on movement have greatly reduced the need for shop floor employees and thus the need for the smart factory.

Segmentation:

• By Type
  • PLC
  • MES
  • SCADA
  • ERP
  • DCS
  • HMI
  • Others
• By Industry
  • Oil and Gas
  • Chemical
  • Healthcare
  • Mining and Metal
  • Food and Beverage
  • Automotive
  • Manufacturing
  • Consumer Electronics
  • Aerospace and Defense
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Italy
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • Others

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Smart Factory Market Analysis, By Type
5.1. Introduction
5.2. PLC
5.3. MES
5.4. SCADA
5.5. ERP
5.6. DCS
5.7. HMI
5.8. Others 

6. Global Smart Factory Market Analysis, By Industry 
6.1. Introduction
6.2. Oil and Gas
6.3. Chemical
6.4. Healthcare
6.5. Mining and Metal
6.6. Food and Beverage
6.7. Automotive
6.8. Manufacturing
6.9. Consumer Electronics
6.10. Aerospace and Defense
6.11. Others 

7. Global Smart Factory Market Analysis, By Geography
7.1. Introduction
7.2.  North America 
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico 
7.2.4. Others 
7.3. South America 
7.3.1. Brazil
7.3.2. Argentina 
7.3.3. Others
7.4. Europe 
7.4.1. United Kingdom
7.4.2. Germany 
7.4.3. France 
7.4.4. Italy 
7.4.5. Spain 
7.5. Middle East and Africa 
7.5.1. Saudi Arabia
7.5.2. Israel 
7.5.3. Others 
7.6. Asia Pacific 
7.6.1. Japan
7.6.2. China 
7.6.3. India
7.6.4. Indonesia
7.6.5. Taiwan
7.6.6. Thailand 
7.6.7. Others 

8. Competitive Intelligence
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investment and Deals
9.3. Strategies of Key Players

9. Company Profiles
9.1. FANUC
9.2. Siemens AG
9.3. ABB Ltd.
9.4. Honeywell International Inc.
9.5. Yokogawa Electric Corporation 
9.6. Schneider Electric
9.7. Emerson Electric Co.
9.8. General Electric Company
9.9. Robert Bosch GmbH
9.10. Omron Corporation

FANUC

Siemens AG

ABB Ltd.

Honeywell International Inc.

Yokogawa Electric Corporation

Schneider Electric

Emerson Electric Co.

General Electric Company

Robert Bosch GmbH

Omron Corporation