List of Figures

FIGURE 1 SMART FACTORY MARKET SEGMENTATION 21
FIGURE 2 RESEARCH DESIGN 24
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 29
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 30
FIGURE 5 DATA TRIANGULATION 31
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY 32
FIGURE 7 THE SMART FACTORY JOURNEY: FROM DATA TO DECISION 33
FIGURE 8 KEY STAGES IN SMART FACTORY ADOPTION 33
FIGURE 9 MAJOR CHALLENGE IN THE ADOPTION OF SMART FACTORY 34
FIGURE 10 KEY EMERGING TECHNOLOGIES AND THEIR IMPACT ON SMART FACTORY 35
FIGURE 11 SELECT POSSIBLE USE CASES FOR BLOCKCHAIN IN MANUFACTURING INDUSTRY 36
FIGURE 12 5G WILL FUEL THE FACTORY AUTOMATION 37
FIGURE 13 REVENUE GROWTH ANALYSIS FOR SELECT SMART FACTORY COMPANIES 38
FIGURE 14 PARTNERSHIPS TO LEVERAGE “DIGITAL” ARE AT THE FOREFRONT OF SMART FACTORY ECOSYSTEM 39
FIGURE 15 GROWTH OUTLOOK FOR VARIOUS TECHNOLOGIES IN SMART FACTORY MARKET 40
FIGURE 16 GLOBAL SMART FACTORY MARKET SNAPSHOT, 2018 VS 2024 (USD BILLION) : DISCRETE INDUSTRY IS EXPECTED TO GROW AT THE HIGHEST RATE 41
FIGURE 17 GLOBAL SMART FACTORY MARKET, BY TYPE, 2018 AND 2024 42
FIGURE 18 APAC IS EXPECTED TO GROW AT THE HIGHEST RATE IN SMART FACTORY MARKET DURING THE FORECAST PERIOD 43
FIGURE 19 GROWING DEMAND FOR DIGITAL SOLUTIONS TO DRIVE THE GROWTH OF THE SMART FACTORY MARKET 44
FIGURE 20 MARKET FOR INDUSTRIAL 3D PRINTING EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2019 AND 2024 44
FIGURE 21 DCS TECHNOLOGY IS EXPECTED TO DOMINATE THE SMART FACTORY MARKET BETWEEN 2019 AND 2024 45
FIGURE 22 PROCESS INDUSTRY TO HOLD LARGEST MARKET SHARE IN 2019 46
FIGURE 23 KEY PARTNERSHIPS IN THE SMART FACTORY MARKET FOR 2017–2018 46
FIGURE 24 DROC: SMART FACTORY MARKET 47
FIGURE 25 IOT TRANSFORMING THE SMART FACTORY ECOSYSTEM 49
FIGURE 26 INDUSTRIAL ANNUAL ENERGY COST SAVING 50
FIGURE 27 REVENUE PERFORMANCE OF UNIVERSAL ROBOTS 52
FIGURE 28 KEY ENABLERS IN SMART FACTORY ECOSYSTEM 54
FIGURE 29 DEVELOPMENTS DUE TO 5G NETWORK EVOLUTION 57
FIGURE 30 VARIOUS TEST CASES AND USE CASES OF 5G TECHNOLOGY 57
FIGURE 31 SMART FACTORY MARKET, BY COMPONENT 59
FIGURE 32 AUTOMOTIVE INDUSTRY IS EXPECTED TO HAVE LARGEST MARKET SHARE OF SMART FACTORY MARKET FOR COMPONENT DURING THE FORECAST PERIOD 61
FIGURE 33 SMART FACTORY MARKET FOR SENSORS MARKET IN APAC IS EXPECTED TO SHOW HIGHEST GROWTH RATE DURING FORECAST PERIOD 63
FIGURE 34 MINING AND METALS INDUSTRY TO HOLD LARGEST MARKET SHARE IN THE SMART FACTORY MARKET FOR INDUSTRIAL ROBOTS DURING FORECAST PERIOD 65
FIGURE 35 METALS AND MINING INDUSTRY TO HAVE LARGEST MARKET SHARE OF SMART FACTORY MARKET FOR PROCESS INDUSTRY 71
FIGURE 36 KEY COMPONENETS IN MACHINE VISION SYSTEM 73
FIGURE 37 SMART FACTORY MARKET, BY TECHNOLOGY 78
FIGURE 38 STAGES OF PRODUCT LIFECYCLE MANAGEMENT 81
FIGURE 39 SMART FACTORY MARKET, BY INDUSTRY 99
FIGURE 40 SMART FACTORY MARKET, BY PROCESS INDUSTRY 101
FIGURE 41 SMART FACTORY MARKET, BY DISCRETE INDUSTRY 107
FIGURE 42 US TO HOLD LARGEST SIZE OF THE SMART FACTORY MARKET IN NORTH AMERICA 115
FIGURE 43 SNAPSHOT: SMART FACTORY MARKET IN EUROPE 118
FIGURE 44 SNAPSHOT: SMART FACTORY MARKET IN APAC 122
FIGURE 45 CHINA IS EXPECTED TO BE THE FASTEST GROWING SMART FACTORY MARKET IN APAC BETWEEN 2019 AND 2024 123
FIGURE 46 MARKET RANKING OF THE TOP 5 PLAYERS IN THE SMART FACTORY
MARKET, 2017 127
FIGURE 47 FINANCIAL PERFORMANCE INDICATORS FOR KEY COMPANIES IN SMART FACTORY MARKET 129
FIGURE 48 REVENUE GROWTH ANALYSIS FOR SELECT SMART FACTORY COMPANIES 130
FIGURE 49 COMPETITIVE LEADERSHIP MAPPING (GLOBAL) SMART FACTORY MARKET, 2018 132
FIGURE 50 SIEMENS AG: COMPANY SNAPSHOT 139
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 142
FIGURE 52 ABB LTD.: COMPANY SNAPSHOT 146
FIGURE 53 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 150
FIGURE 54 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 154
FIGURE 55 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT 157
FIGURE 56 FANUC CORPORATION: COMPANY SNAPSHOT 160
FIGURE 57 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 163
FIGURE 58 EMERSON ELECTRIC: COMPANY SNAPSHOT 166
FIGURE 59 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 169
FIGURE 60 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 172
FIGURE 61 STRATASYS: COMPANY SNAPSHOT 174

 

List of Tables

TABLE 1 SMART FACTORY MARKET, BY COMPONENT, 2015–2024 (USD BILLION) 59
TABLE 2 SMART FACTORY MARKET FOR COMPONENT, BY INDUSTRY 2015–2024 (USD BILLION) 60
TABLE 3 SMART FACTORY MARKET FOR COMPONENT, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 60
TABLE 4 SMART FACTORY MARKET FOR COMPONENT, BY DISCRETE INDUSTRY 2015–2024 (USD BILLION) 61
TABLE 5 SMART FACTORY MARKET FOR SENSORS, BY INDUSTRY 2015–2024 (USD BILLION) 62
TABLE 6 SMART FACTORY MARKET FOR SENSOR, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 63
TABLE 7 SMART FACTORY MARKET FOR SENSOR, BY DISCRETE INDUSTRY 2015–2024 (USD MILLION) 64
TABLE 8 SMART FACTORY MARKET FOR SENSORS, BY REGION, 2015–2024 (USD BILLION) 64
TABLE 9 SMART FACTORY MARKET FOR INDUSTRIAL ROBOTS, BY TYPE 2015–2024 (USD BILLION) 65
TABLE 10 SMART FACTORY MARKET FOR INDUSTRIAL ROBOTS, BY INDUSTRY 2015–2024 (USD BILLION) 66
TABLE 11 SMART FACTORY MARKET FOR INDUSTRIAL ROBOTS, BY PROCESS INDUSTRY, 2015–2024 (USD BILLION) 66
TABLE 12 SMART FACTORY MARKET FOR INDUSTRIAL ROBOTS, BY DISCRETE INDUSTRY, 2015–2024 (USD BILLION) 66
TABLE 13 SMART FACTORY MARKET FOR INDUSTRIAL ROBOTS, BY REGION 2015–2024 (USD BILLION) 67
TABLE 14 SMART FACTORY MARKET FOR INDUSTRIAL 3D PRINTING, BY INDUSTRY 2015–2024 (USD MILLION) 70
TABLE 15 SMART FACTORY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2015–2024 (USD MILLION) 70
TABLE 16 SMART FACTORY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2015–2024 (USD BILLION) 71
TABLE 17 SMART FACTORY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION 2015–2024 (USD BILLION) 72
TABLE 18 SMART FACTORY MARKET FOR MACHINE VISION, BY INDUSTRY 2015–2024 (USD BILLION) 73
TABLE 19 SMART FACTORY MARKET FOR MACHINE VISION, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 74
TABLE 20 SMART FACTORY MARKET FOR MACHINE VISION, BY DISCRETE INDUSTRY 2015–2024 (USD BILLION) 74
TABLE 21 SMART FACTORY MARKET FOR MACHINE VISION, BY REGION 2015–2024 (USD BILLION) 75
TABLE 22 SMART FACTORY MARKET, BY TECHNOLOGY, 2015–2024 (USD BILLION) 79
TABLE 23 SMART FACTORY MARKET FOR TECHNOLOGY, BY INDUSTRY 2015–2024 (USD BILLION) 79
TABLE 24 SMART FACTORY MARKET FOR TECHNOLOGY, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 80
TABLE 25 SMART FACTORY MARKET FOR TECHNOLOGY, BY DISCRETE INDUSTRY 2015–2024 (USD BILLION) 80
TABLE 26 SMART FACTORY MARKET FOR PLM, BY INDUSTRY, 2015–2024 (USD MILLION) 82
TABLE 27 SMART FACTORY MARKET FOR PLM, BY PROCESS INDUSTRY 2015–2024 (USD MILLION) 82
TABLE 28 SMART FACTORY MARKET FOR PLM, BY DISCRETE INDUSTRY 2015–2024 (USD MILLION) 83
TABLE 29 SMART FACTORY MARKET FOR PLM, BY REGION, 2015–2024 (USD MILLION) 83
TABLE 30 SMART FACTORY MARKET FOR MES, BY PROCESS INDUSTRY 2015–2024 (USD MILLION) 84
TABLE 31 SMART FACTORY MARKET FOR MES, BY DISCRETE INDUSTRY 2015–2024 (USD MILLION) 85
TABLE 32 SMART FACTORY MARKET FOR MES, BY REGION, 2015–2024 (USD MILLION) 85
TABLE 33 SMART FACTORY MARKET FOR PLC, BY INDUSTRY, 2015–2024 (USD BILLION) 86
TABLE 34 SMART FACTORY MARKET FOR PLC, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 87
TABLE 35 SMART FACTORY MARKET FOR PLC, BY REGION, 2015–2024 (USD BILLION) 87
TABLE 36 SMART FACTORY MARKET FOR SCADA, BY PROCESS INDUSTRY 2015–2024 (USD MILLION) 88
TABLE 37 SMART FACTORY MARKET FOR SCADA, BY DISCRETE INDUSTRY 2015–2024 (USD MILLION) 89
TABLE 38 SMART FACTORY MARKET FOR SCADA, BY REGION, 2015–2024 (USD MILLION) 89
TABLE 39 SMART FACTORY MARKET FOR ERP, BY INDUSTRY, 2015–2024 (USD BILLION) 90
TABLE 40 SMART FACTORY MARKET FOR ERP, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 91
TABLE 41 SMART FACTORY MARKET FOR ERP, BY DISCRETE INDUSTRY 2015–2024 (USD BILLION) 91
TABLE 42 SMART FACTORY MARKET FOR ERP, BY REGION, 2015–2024 (USD BILLION) 92
TABLE 43 SMART FACTORY MARKET FOR DCS, BY INDUSTRY, 2015–2024 (USD BILLION) 93
TABLE 44 SMART FACTORY MARKET FOR DCS, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 93
TABLE 45 SMART FACTORY MARKET FOR DCS, BY REGION, 2015–2024 (USD MILLION) 94
TABLE 46 SMART FACTORY MARKET FOR HMI, BY INDUSTRY, 2015–2024 (USD BILLION) 95
TABLE 47 SMART FACTORY MARKET FOR HMI, BY PROCESS INDUSTRY 2015–2024 (USD BILLION) 95
TABLE 48 SMART FACTORY MARKET FOR HMI, BY DISCRETE INDUSTRY 2015–2024 (USD BILLION) 96
TABLE 49 SMART FACTORY MARKET FOR HMI, BY REGION, 2015–2024 (USD BILLION) 96
TABLE 50 SMART FACTORY MARKET FOR PLANT ASSET MANAGEMENT (PAM), BY INDUSTRY, 2015–2024 (USD BILLION) 97
TABLE 51 SMART FACTORY MARKET, BY INDUSTRY, 2015–2024 (USD BILLION) 100
TABLE 52 SMART FACTORY MARKET, BY PROCESS INDUSTRY, 2015–2024 (USD BILLION) 101
TABLE 53 SMART FACTORY MARKET, BY DISCRETE INDUSTRY, 2015–2024 (USD BILLION) 107
TABLE 54 SMART FACTORY MARKET, BY REGION, 2015–2024 (USD BILLION) 112
TABLE 55 SMART FACTORY MARKET FOR TECHNOLOGY, BY REGION 2015–2024 (USD BILLION) 113
TABLE 56 SMART FACTORY MARKET FOR COMPONENT, BY REGION 2015–2024 (USD BILLION) 113
TABLE 57 SMART FACTORY MARKET, BY NORTH AMERICA, 2015–2024 (USD BILLION) 114
TABLE 58 SMART FACTORY MARKET, BY EUROPE, 2015–2024 (USD BILLION) 117
TABLE 59 SMART FACTORY MARKET, BY APAC, 2015–2024 (USD BILLION) 121
TABLE 60 SMART FACTORY MARKET, BY ROW, 2015–2024 (USD BILLION) 125
TABLE 61 AGREEMENTS, CONTRACTS, JOINT VENTURES, COLLABORATIONS & PARTNERSHIPS 2017-2018 133
TABLE 62 PRODUCT LAUNCHES AND DEVELOPMENTS 2017-2018 135
TABLE 63 ACQUISITIONS AND EXPANSIONS 2017-2018 137