Smart Factory Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-346 | Report Format : | Status : Upcoming |

Abstract

The smart factory is the new trend in the manufacturing industry. It includes systems such as cyber–physical technology, Internet of Things, and cloud computing. In cyber–physical system, the process is handled by the computer which is connected to the Internet and its users. Physical and software elements are weaved together. Internet of Things enables cyber–physical mechanism to connect with each other and human beings in real-time. The smart factory provides advanced and automated facilities to make manufacturing process faster, more efficient, and safer. This is helping to minimize the gap between digital world and traditional industrial manufacturing methods.

The use of advanced machinery and manufacturing processes are increasing in the industries worldwide, companies are focusing on lesser energy consumption, efficient production practices, use of robots, and RFID are some factors contributing to the global smart factory market growth. Automation helps industries to use every minute of the production time to its fullest by streamlining the processes. Due to Internet of Things, machines are connected to each other and its users, this reduces time wastage and decisions can be taken in real-time. Additionally, manufacturing can be done smoothly without any disturbance as the entire process is digitized. All these advantages are forcing industries to have smart factories.

This trend is of substantial value in industries such as transportation, packaging, oil, mining of minerals, and others. Hence, companies all over the world are investing in this untapped industry. However, lack trained man force and growing skill gap factors hindering the growth of the global smart factory market.

The global smart factory market is segmented on the basis of products, end-users, technology, and region. On the basis of products, the global market is segmented as industrial robotics, control devices, machine vision system, communication technology, and sensors. Industrial robotics and machine vision system are dominating the market. On the basis of end-users, the global market is segmented as chemical & petrochemical, aerospace, oil & gas, automotive, mining, defense, and others. Of which, the chemical & petrochemical segment is leading the market followed by oil and gas. On the basis of technology, the global smart factory market is divided as production lifecycle management, enterprise resource planning, distributed control system, programmable logic controller, and others.

North America is leading the global smart factory market. This trend is followed by Asia Pacific. As the market is growing, industries are finding better ways to cater to the customers and users of these technologies by investing more in R&D process.

Some of the major companies leading this market include General Dynamics Corporation, Freescale Semiconductor Inc., Intel Corporation, Siemens AG, and Emerson Electric Co. Other major players influencing the global market are CMC Associates, Apriso Corporation, National Instruments Corporation, Invensys Plc., ABB Ltd., and Fraunhofer-Gesellschaft.

Smart Factory Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Sorbitol Production Equipment Market by Type (Hydrogenation Reactors, Evaporators, Ion Exchangers, Sedimentation & Filtration Tanks, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3817 | Report Format:

The report covers a forecast and an analysis of the sorbitol production equipment market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints of ...Read More

Port Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3813 | Report Format:

Global Port Equipment Market: Overview Port Equipment comprises of the material handling system, breakbulk heavy-lift, container shipping, maritime cranes, and power transmission equipment. It helps in propelling the maritime trade through proficient delivery of safe, secured, and sustainable s...Read More

Metal Forming Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3811 | Report Format:

Global Metal Forming Market: Overview Metal Forming is a process in which metal is plastically deformed to a desired shape and geometry. In order to do so, a force is applied on the metal, that exceeds the yielding strength of the metal so as the metal doesnt show a temporary change in shape but...Read More

Intelligent Completion Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3790 | Report Format:

Global Intelligent Completion Market: Overview Intelligent completionsincorporate permanent down hole sensors and surface-controlled down hole flow control valves, enabling an individual to monitor, evaluate, and actively manage production or injection in real-time without any well interventions...Read More

Flame Arrestors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3789 | Report Format:

Global Flame Arrestors Market: Overview Flame Arrestors which are devices which permit gas to pass through it, but stops a flame in order to prevent a larger fire or explosion. The device also referred as deflagration arrester operates by absorbing the heat from a flame front traveling at sub-so...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.