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Smart Factory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global smart factory market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A smart factory is a highly digitalized and networked facility that operates through cyber-physical systems to move materials effectively. It is integrated with computer codes and pre-programmed software to track the material flow and optimize production processes. Smart factories are hyperflexible, self-adapting and equipped with cognitive and self-healing capabilities. They include advanced solutions, such as machine vision systems, industrial robotics, supervisory control and data acquisition (SCADA), programmable logic controller (PLC) and human-machine interface (HMI) systems. They require minimal human interaction and are commonly used for manufacturing, planning, supply chain management, logistics and product development. As a result, smart factory finds extensive applications across various industries, including oil and gas, chemical, pharmaceutical, automotive, aerospace and food and beverage.

 

 
 

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Smart Factory Market Trends:

Rapid digitization across industries, along with the increasing requirement for industrial automation, is one of the key factors creating a positive outlook for the market growth. Moreover, the widespread adoption of manufacturing execution systems (MES) and advanced data models for process-specific functioning is providing a thrust to the market growth. In line with this, the increasing adoption of refurbished industrial robots and radio frequency identification (RFID) systems is also contributing to the growth of the market. Various technological advancements, such as the integration of connected devices with cloud computing, artificial intelligence (AI) and the Internet of Things (IoT), are acting as other growth-inducing factors. These innovative technologies aid in performing electronic and mechanical assembly, product testing and automated material handling. Smart factories also utilize force sensors to verify component insertion, maintain constant force during buffing, polishing and deburring and collect data for statistical process control (SPC) systems. Other factors, including the advent of the Industrial Internet of Things (IIoT), along with the increasing adoption of smart factory solutions for the manufacturing of intricate automotive and medical components, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart factory market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on field devices, technology and end use industry.

Breakup by Field Devices:

 

 
 

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  • Industrial Sensors
  • Industrial Robots
  • Industrial Network
  • Industrial 3D Printers
  • Machine Vision Systems
     

Breakup by Technology:

  • Product Lifecycle Management (PLM)
  • Human Machine Interface (HMI)
  • Enterprise Resource Planning (ERP)
  • Manufacturing Execution Systems (MES)
  • Distributed Control Systems (DCS)
  • Industrial Control System
  • Others
     

Breakup by End Use Industry:

  • Pharmaceuticals
  • Food and Beverages
  • Chemical
  • Oil and Gas
  • Automotive and Transportation
  • Semiconductor and Electronics
  • Aerospace and Defense
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Dassault Systèmes, Emerson Electric Co., General Electric Company, Honeywell International Inc., Johnson Controls International, Microsoft Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Schneider Electric SE and Siemens AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Field Devices, Technology, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd, Dassault Systèmes, Emerson Electric Co., General Electric Company, Honeywell International Inc., Johnson Controls International, Microsoft Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Schneider Electric SE and Siemens AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart factory market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart factory market?
  • What are the key regional markets?
  • What is the breakup of the market based on the field devices?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart factory market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Factory Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Field Devices
    6.1    Industrial Sensors
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Industrial Robots
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Industrial Network
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Industrial 3D Printers
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Machine Vision Systems
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Technology
    7.1    Product Lifecycle Management (PLM)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Human Machine Interface (HMI)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Enterprise Resource Planning (ERP)
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Manufacturing Execution Systems (MES)
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Distributed Control Systems (DCS)
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Industrial Control System
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Others
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Pharmaceuticals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Food and Beverages
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Chemical
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Oil and Gas
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Automotive and Transportation
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Semiconductor and Electronics
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Aerospace and Defense
        8.7.1 Market Trends
        8.7.2 Market Forecast
    8.8    Others
        8.8.1 Market Trends
        8.8.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB Ltd
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Dassault Systèmes
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Emerson Electric Co.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    General Electric Company
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Honeywell International Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Johnson Controls International
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Microsoft Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Mitsubishi Electric Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Robert Bosch GmbH
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 SWOT Analysis
        14.3.10    Schneider Electric SE
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Siemens AG
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Smart Factory Market: Major Drivers and Challenges
Figure 2: Global: Smart Factory Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Smart Factory Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Smart Factory Market: Breakup by Field Devices (in %), 2020
Figure 5: Global: Smart Factory Market: Breakup by Technology (in %), 2020
Figure 6: Global: Smart Factory Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Smart Factory Market: Breakup by Region (in %), 2020
Figure 8: Global: Smart Factory (Industrial Sensors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Smart Factory (Industrial Sensors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Smart Factory (Industrial Robots) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Smart Factory (Industrial Robots) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Smart Factory (Industrial Network) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Smart Factory (Industrial Network) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Smart Factory (Industrial 3D Printers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Smart Factory (Industrial 3D Printers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Smart Factory (Machine Vision Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Smart Factory (Machine Vision Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Smart Factory (Product Lifecycle Management (PLM)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Smart Factory (Product Lifecycle Management (PLM)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Smart Factory (Human Machine Interface (HMI)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Smart Factory (Human Machine Interface (HMI)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Smart Factory (Enterprise Resource Planning (ERP)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Smart Factory (Enterprise Resource Planning (ERP)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Smart Factory (Manufacturing Execution Systems (MES)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Smart Factory (Manufacturing Execution Systems (MES)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Smart Factory (Distributed Control Systems (DCS)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Smart Factory (Distributed Control Systems (DCS)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Smart Factory (Industrial Control System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Smart Factory (Industrial Control System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Smart Factory (Other Technologies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Smart Factory (Other Technologies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Smart Factory (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Smart Factory (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Smart Factory (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Smart Factory (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Smart Factory (Chemical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Smart Factory (Chemical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Smart Factory (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Smart Factory (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Smart Factory (Automotive and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Smart Factory (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Smart Factory (Semiconductor and Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Smart Factory (Semiconductor and Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Smart Factory (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Smart Factory (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Smart Factory (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Smart Factory (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: North America: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: North America: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: United States: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: United States: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Canada: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Canada: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Asia-Pacific: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Asia-Pacific: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: China: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: China: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Japan: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Japan: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: India: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: India: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: South Korea: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: South Korea: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Australia: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Australia: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Indonesia: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Indonesia: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Europe: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Europe: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Germany: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Germany: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: France: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: France: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: United Kingdom: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: United Kingdom: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Italy: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Italy: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Spain: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Spain: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Russia: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Russia: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Others: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Others: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Latin America: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Latin America: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Brazil: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Brazil: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Mexico: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Mexico: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Others: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Others: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Middle East and Africa: Smart Factory Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Middle East and Africa: Smart Factory Market: Breakup by Country (in %), 2020
Figure 96: Middle East and Africa: Smart Factory Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 97: Global: Smart Factory Industry: SWOT Analysis
Figure 98: Global: Smart Factory Industry: Value Chain Analysis
Figure 99: Global: Smart Factory Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Factory Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Smart Factory Market Forecast: Breakup by Field Devices (in Million US$), 2021-2026
Table 3: Global: Smart Factory Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Global: Smart Factory Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Smart Factory Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Smart Factory Market: Competitive Structure
Table 7: Global: Smart Factory Market: Key Players

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