Smart Factory Market 2019: Recent Industry Trends, Top Manufacturers,Growth, share,Future Forecast

Market Study Report, LLC, has recently added a report on Smart Factory Market which offers a comprehensive synopsis of revolving market valuation, SWOT analysis, revenue estimation and geographical spectrum of the market. The report further elucidates primary business obstacles and growth prospects within the forecasted timeline, while examining the current competitive sphere involving key players of the Smart Factory Market.

Industrial robots are gaining popularity over human labor in the smart factory market due to their ability to increase productivity & eliminate human errors. These robots produce high-quality products with continuous precision, thereby reducing a large amount of industrial wastes. Additionally, they are capable of handling critical & dangerous manufacturing applications and keeping workers safe & motivated. Increasing labor cost in North American and European countries and high investments required for employee training are supporting the high adoption of these robots. Moreover, collaborative robots are designed with multiple advanced sensors and software, enabling them to work alongside humans safely & effectively.

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Smart Factory Market is expected to exceed USD 155 billion by 2025.

The growing demand for industrial robots and the evolution of Industrial IoT (IIoT) technology will drive the smart factory market growth. The rising focus on energy consumption, resource optimization, and cost saving across various industry verticals will contribute to the high demand for intelligent manufacturing techniques. Industries are adopting real-time data-driven technologies and digital supply chain management options to enhance product quality and asset efficiency, mitigating human & machine errors. Additionally, the increasing adoption of advanced sensing components, such as sensors and actuators, across industries due to their benefits such as integrated computing abilities along with lower power consumption is expected to support the smart factory market expansion.

Major players operating in the smart factory market include ABB, Honeywell International Inc., Robert Bosch GmbH, General Electric, Emerson Electric, Siemens, Schneider Electric, and Rockwell Automation, etc. These players are adopting various business expansion strategies such as mergers & acquisitions, product launches, and collaborations & agreements for introducing new manufacturing-related solutions. These strategies are supporting the development of advanced and efficient products, leading to an increase in customer satisfaction in the smart factory market.

The adoption of smart factory market solutions is expected to increase in the automotive industry over the forecast period. These solutions are integrated into factories for the development and production of high-quality automobile systems and components. Intelligent factories are integrated with various advanced solutions such as cloud computing, AI, IoT, 3D printing, and various automation technologies. The global automotive companies are making heavy investments in these technologies for increasing the productivity and efficiency of their manufacturing & warehousing facilities. For instance, Audi AG invested around USD 1.3 billion for building a smart factory in Mexico in 2016. The growing adoption of advanced technologies and increasing investments by automotive manufacturers in intelligent solutions will drive the smart factory market growth.

The smart factory market is expected to grow in the Asia Pacific region owing to the rising adoption of automation technologies across various industry verticals. In October 2018, the Indian government has released the draft National Policy on Electronics (NPE) that has envisaged the creation of nearly USD 400 billion electronics manufacturing industry in India by the end of 2025. Moreover, the Chinese government has announced the ?Made in China 2025? program, which will invest around USD 3 billion in the advanced manufacturing sector. The growing government initiatives in the Asia Pacific region for the development of the manufacturing sector is providing several opportunities for smart factory market growth.

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Report Content

Chapter 1. Methodology and Scope

 1.1. Definitions & forecast parameters

 1.1.1. Definitions

 1.1.2. Methodology and forecast parameters

 1.2. Data Sources

 1.2.1. Secondary

 1.2.2. Primary

 Chapter 2. Executive Summary

 2.1. Smart factory industry 360 degree synopsis, 2015 – 2025

 2.1.1. Business trends

 2.1.2. Component trends

 2.1.3. Application trends

 2.1.4. Regional trends

 Chapter 3. Smart Factory Industry Insights

 3.1. Industry segmentation

 3.2. Industry landscape, 2015 – 2025

 3.3. Industry ecosystem analysis

 3.3.1. Suppliers

 3.3.2. Manufacturers

 3.3.3. Software & technology providers

 3.3.4. Service providers

 3.3.5. System integrators

 3.3.6. Distribution channel analysis

 3.3.7. End-use landscape

 3.3.8. Vendor matrix

 3.4. Technology & innovation landscape

 3.5. Regulatory landscape

 3.5.1.1. North America

 3.5.1.2. Europe

 3.5.1.3. Asia Pacific

 3.5.1.4. Latin America

 3.5.1.5. MEA

 3.6. Industry impact forces

 3.6.1. Growth drivers

 3.6.1.1. Increasing demand for automated systems in North America and Europe

 3.6.1.2. Government initiatives for supporting innovation in Asian manufacturing sector

 3.6.1.3. Rise in SMEs and their growing demand for automation in Europe and Asia Pacific

 3.6.1.4. Rapidly developing manufacturing sector in Brazil & Mexico

 3.6.1.5. High labor cost in North America

 3.6.1.6. Growing popularity of enhanced factory technologies in MEA

 3.6.2. Industry pitfalls & challenges

 3.6.2.1. High initial investments required in setting up smart factories

 3.6.2.2. Safety hazards associated with the usage of industrial robots

 3.7. Growth potential analysis

 3.8. Porter’s analysis

 3.8.1. Supplier power

 3.8.2. Buyer power

 3.8.3. Threat of new entrants

 3.8.4. Threat of substitutes

 3.8.5. Internal rivalry

 3.9. Competitive landscape, 2018

 3.9.1. Company market share analysis

 3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

 3.10. PESTEL analysis

 Chapter 4. Smart Factory Market, By Component

 4.1. Key trends by component

 4.2. Hardware

 4.2.1. Market estimates and forecast, 2015 – 2025

 4.2.2. Sensors

 4.2.2.1. Market estimates and forecast, 2015 – 2025

 4.2.3. Industrial robots

 4.2.3.1. Market estimates and forecast, 2015 – 2025

 4.2.3.2. Articulated robots

 4.2.3.2.1. Market estimates and forecast, 2015 – 2025

 4.2.3.3. Cartesian robots

 4.2.3.3.1. Market estimates and forecast, 2015 – 2025

 4.2.3.4. SCARA robots

 4.2.3.4.1. Market estimates and forecast, 2015 – 2025

 4.2.3.5. Cylindrical robots

 4.2.3.5.1. Market estimates and forecast, 2015 – 2025

 4.2.3.6. Collaborative robots

 4.2.3.6.1. Market estimates and forecast, 2015 – 2025

 4.2.4. Machine vision

 4.2.4.1. Market estimates and forecast, 2015 – 2025

 4.2.5. Others

 4.2.5.1. Market estimates and forecast, 2015 – 2025

 4.3. Software

 4.3.1. Market estimates and forecast, 2015 – 2025

 4.3.2. HMI

 4.3.2.1. Market estimates and forecast, 2015 – 2025

 4.3.3. PLM

 4.3.3.1. Market estimates and forecast, 2015 – 2025

 4.3.4. SCADA

 4.3.4.1. Market estimates and forecast, 2015 – 2025

 4.3.5. DCS

 4.3.5.1. Market estimates and forecast, 2015 – 2025

 4.3.6. Others

 4.3.6.1. Market estimates and forecast, 2015 – 2025

 4.4. Service

 4.4.1. Market estimates and forecast, 2015 – 2025

 Chapter 5. Smart Factory Market, By Application

 5.1. Key trends by application

 5.2. Automotive

 5.2.1. Market estimates and forecast, 2015 – 2025

 5.3. Aerospace & defense

 5.3.1. Market estimates and forecast, 2015 – 2025

 5.4. Food & beverage

 5.4.1. Market estimates and forecast, 2015 – 2025

 5.5. Electrical & Electronics

 5.5.1. Market estimates and forecast, 2015 – 2025

 5.6. Energy & Power

 5.6.1. Market estimates and forecast, 2015 – 2025

 5.7. Others

 5.7.1. Market estimates and forecast, 2015 – 2025

 Chapter 6. Smart Factory Market, By Region

 6.1. Key trends by region

 6.2. North America

 6.2.1. Market estimates and forecast, by component, 2015 – 2025

 6.2.2. Market estimates and forecast, by application, 2015 – 2025

 6.2.3. U.S.

 6.2.3.1. Market estimates and forecast, by component, 2015 – 2025

 6.2.3.2. Market estimates and forecast, by application, 2015 – 2025

 6.2.4. Canada

 6.2.4.1. Market estimates and forecast, by component, 2015 – 2025

 6.2.4.2. Market estimates and forecast, by application, 2015 – 2025

 6.3. Europe

 6.3.1. Market estimates and forecast, by component, 2015 – 2025

 6.3.2. Market estimates and forecast, by application, 2015 – 2025

 6.3.3. UK

 6.3.3.1. Market estimates and forecast, by component, 2015 – 2025

 6.3.3.2. Market estimates and forecast, by application, 2015 – 2025

 6.3.4. Germany

 6.3.4.1. Market estimates and forecast, by component, 2015 – 2025

 6.3.4.2. Market estimates and forecast, by application, 2015 – 2025

 6.3.5. France

 6.3.5.1. Market estimates and forecast, by component, 2015 – 2025

 6.3.5.2. Market estimates and forecast, by application, 2015 – 2025

 6.3.6. Italy

 6.3.6.1. Market estimates and forecast, by component, 2015 – 2025

 6.3.6.2. Market estimates and forecast, by application, 2015 – 2025

 6.3.7. Russia

 6.3.7.1. Market estimates and forecast, by component, 2015 – 2025

 6.3.7.2. Market estimates and forecast, by application, 2015 – 2025

 6.4. Asia Pacific

 6.4.1. Market estimates and forecast, by component, 2015 – 2025

 6.4.2. Market estimates and forecast, by application, 2015 – 2025

 6.4.3. China

 6.4.3.1. Market estimates and forecast, by component, 2015 – 2025

 6.4.3.2. Market estimates and forecast, by application, 2015 – 2025

 6.4.4. India

 6.4.4.1. Market estimates and forecast, by component, 2015 – 2025

 6.4.4.2. Market estimates and forecast, by application, 2015 – 2025

 6.4.5. Japan

 6.4.5.1. Market estimates and forecast, by component, 2015 – 2025

 6.4.5.2. Market estimates and forecast, by application, 2015 – 2025

 6.4.6. South Korea

 6.4.6.1. Market estimates and forecast, by component, 2015 – 2025

 6.4.6.2. Market estimates and forecast, by application, 2015 – 2025

 6.5. Latin America

 6.5.1. Market estimates and forecast, by component, 2015 – 2025

 6.5.2. Market estimates and forecast, by application, 2015 – 2025

 6.5.3. Brazil

 6.5.3.1. Market estimates and forecast, by component, 2015 – 2025

 6.5.3.2. Market estimates and forecast, by application, 2015 – 2025

 6.5.4. Mexico

 6.5.4.1. Market estimates and forecast, by component, 2015 – 2025

 6.5.4.2. Market estimates and forecast, by application, 2015 – 2025

 6.6. MEA

 6.6.1. Market estimates and forecast, by component, 2015 – 2025

 6.6.2. Market estimates and forecast, by application, 2015 – 2025

 6.6.3. UAE

 6.6.3.1. Market estimates and forecast, by component, 2015 – 2025

 6.6.3.2. Market estimates and forecast, by application, 2015 – 2025

 6.6.4. Saudi Arabia

 6.6.4.1. Market estimates and forecast, by component, 2015 – 2025

 6.6.4.2. Market estimates and forecast, by application, 2015 – 2025

 6.6.5. South Africa

 6.6.5.1. Market estimates and forecast, by component, 2015 – 2025

 6.6.5.2. Market estimates and forecast, by application, 2015 – 2025

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