COVID-19 update included
The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic

The Global Smart Factory Market is expected to grow from USD 141723.42 Millions in 2018 to USD 278564.25 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 10.13%. The growth in the market is majorly attributed to increasing demand for industrial robots and revolution to the industry: industrial iot (iiot) .

The positioning of the Global Smart Factory Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Smart Factory Market including are ABB Ltd., General Electric Company, Rockwell Automation, Inc., Schneider Electric SE, Siemens PLM Software, Inc., Emerson Electric Co., FANUC Corporation, Honeywell International Inc., KUKA Aktiengesellschaft, Mitsubishi Electric Corporation, Robert Bosch GmbH, Stratasys, Ltd., TE Connectivity Ltd, Texas Instruments Incorporated, The Hewlett-Packard Company, and Yokogawa Electric Corporation.

The factors attributing to the growth of the market are Increasing emphasis on real-time data analysis, enhanced visibility, and predictive maintenance, Increasing demand for industrial robots, Importance of energy efficiency, resource optimization, and cost reduction, and Revolution to the Industry: Industrial IoT (IIoT). However, some factors such as Requirement of large capital investments and Risk considering security of cyber-physical system may hinder the market growth. The Global Smart Factory Market is expected to showcase the opportunities such as Increasing advancements in 3d printing technology and Lucrative opportunities for collaborative robots. In the near future market may face the possible challenges in the growth due to lack of awareness in small and medium-sized businesses and Interoperability between information technology and operational technology. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the Global Smart Factory Market.

On the basis of Technology, the Global Smart Factory Market is studied across Distributed Control System, Enterprise Resource Planning, Human–Machine Interface, Manufacturing Execution System, Plant Asset Management, Product Life Cycle Management, Programmable Logic Controller, and Supervisory Control and Data Acquisition.

On the basis of Component, the Global Smart Factory Market is studied across Industrial 3D Printing, Industrial Robots, Machine Vision, and Sensors.

On the basis of Industry, the Global Smart Factory Market is studied across Discrete Industry and Process Industry.

For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.

In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.

Research Methodology:
Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Smart Factory Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Smart Factory Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Smart Factory Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Smart Factory Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Smart Factory Market

The report answers questions such as:
1. What is the market size of Smart Factory market in the Global?
2. What are the factors that affect the growth in the Global Smart Factory Market over the forecast period?
3. What is the competitive position in the Global Smart Factory Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Smart Factory Market?
5. What are the opportunities in the Global Smart Factory Market?
6. What are the modes of entering the Global Smart Factory Market?