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

Water Management Market for Oil and Gas Industry: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-483 | Report Format:

Water Management Market for Oil and Gas Industry: Overview Water is used both as an ingredient and as a by-product in the production of oil and gas. Different steps such as injection into the well, drilling of exploration well and refining and oil processing involved in the oil and gas productio...Read More

Nuclear Decommissioning Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-481 | Report Format:

Global Nuclear Decommissioning Services Market: Overview The Fukushima incident divulges the helplessness of the nuclear power. The government needs to update and digitize the nuclear decommissioning services in order to ensure the safety of the world. The regular inspections of the reactor and ...Read More

Feed Water Heater for Power Plants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-480 | Report Format:

Feed Water Heater for Power Plants Market: Overview The water that is transferred from the condenser or tank into a boiler in order to convert it into steam is known as feed water. In a power plant to preheat the boiler feed, the feed water heater is used. The thermodynamic efficiency is improve...Read More

BIPV Glass Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-462 | Report Format:

Global BIPV Glass Market: Overview BIPV stands for building integrated photovoltaic. It is mainly panes of glass with embedded photovoltaic cells between two glass sheets. BIPV glass is used to make construction parts such as atrium roof, skylights, curtain walls, and facades. BIPV glass resists...Read More

Forging Market (Rolled Rings, Open Die, and Impression Die) for Automotive, Aerospace, Oil & Gas, and Other Applications – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Dec-2016 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-459 | Report Format:

The report covers forecast and analysis for the forging market on a worldwide, regional and country level. The study provides historic information of 2015 together with a forecast from 2016 to 2021 based on revenue (USD billion). The entire study covers the key drivers and restraints for the forgi...Read More

Choose License Type:
Upcoming Report

Heavy Industry

Water Management Market for Oil and Gas Industry: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Water Management Market for Oil and Gas Industry: Overview Water is used both as an ingredient and as a by-product in the production of oil and gas. Different steps such as injection into the well, drilling of exploration well and refining and oil processing involved in the oil and gas productio Read More

Technology & Media

Secure Digital (SD) Memory Card Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Secure Digital (SD) Memory Card Market: Overview Secure digital (SD) is the digital data storage memory card used widely in electronic devices such as smartphones, digital cameras, tablets, handheld devices, and others. It is non-volatile memory card and can be reprogrammed for multiple t Read More

Heavy Industry

Nuclear Decommissioning Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Nuclear Decommissioning Services Market: Overview The Fukushima incident divulges the helplessness of the nuclear power. The government needs to update and digitize the nuclear decommissioning services in order to ensure the safety of the world. The regular inspections of the reactor and Read More

Heavy Industry

Feed Water Heater for Power Plants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Feed Water Heater for Power Plants Market: Overview The water that is transferred from the condenser or tank into a boiler in order to convert it into steam is known as feed water. In a power plant to preheat the boiler feed, the feed water heater is used. The thermodynamic efficiency is improve Read More

Healthcare

Cell and Tissue Culture Supplies Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Cell and Tissue Culture Supplies Market: Overview Cell and tissue culture can be described as the generation of living cells under the controlled laboratory conditions rather than natural environment, wherein the humidity, temperature, and nutritional quantity are controlled under certain Read More

Read more

Latest Report

05-Dec-2016 | Medical Device

Prefilled Syringes (Glass-Based Prefilled Syringes and Plastic-Based Prefilled Syringes) Market for Insulin, Vaccines and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

The report covers forecast and analysis for the prefilled syringes market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2015 to 2021 based on both volume (Million Units) and revenue (USD Million). The study includes drivers and restraints of th Read More

05-Dec-2016 | Medical Device

Diagnostic Imaging Market by Products (X-ray Imaging Systems, CT Scanners, MRI Systems, Ultrasound Imaging Systems and Nuclear Imaging Systems) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

The report covers forecast and analysis for the diagnostic imaging market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the diagnostic imaging market alo Read More

05-Dec-2016 | Consumer Goods

Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, Resorts) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

The report covers forecast and analysis for the luxury hotels market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the luxury hotels market along with th Read More

05-Dec-2016 | Medical Device

Hemostasis Products Market (Topical Hemostasis, Infusible Hemostasis and Advanced Hemostasis) for Trauma, Surgery, Hemophilia, Myocardial Infarction, Stroke, and Thrombosis Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

The report covers forecast and analysis for the hemostasis products market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based revenue (USD Billion). The study includes drivers and restraints for the hemostasis products market alon Read More

05-Dec-2016 | Food & Beverage

Savory Snacks Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Extruded snacks, popcorn, nuts seeds, pretzels, meat snacks, traditional snacks, potato chips are the type of savory snacks among others. Potato chips have been the principal segment of the savory snacks market over the past few years and this trend is expected to continue in the coming future. T Read More

Read more