The Smart Factory Market is projected to reach USD 400.13 billion by 2030 from USD 113.28 billion in 2022, at a CAGR of 17.08% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Smart Factory Market.

  • Based on Technology, 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 & Data Acquisition. The Plant Asset Management commanded largest market share of 21.23% in 2022, followed by Supervisory Control & Data Acquisition.

  • Based on Component, market is studied across Industrial 3D Printing, Industrial Robots, Machine Vision, and Sensors. The Industrial Robots is further studied across Collaborative Robots and Traditional Industrial Robots. The Traditional Industrial Robots is further studied across Articulated Robots, Cartesian Robots, Cylindrical Robots, and Selective Compliance Assembly Robot Arm. The Machine Vision is further studied across Camera, Frame Grabbers, Optics, & LED Lighting, and Processor & Software. The Camera is further studied across Digital Camera and Smart Camera. The Sensors commanded largest market share of 24.23% in 2022, followed by Industrial Robots.

  • Based on Industry, market is studied across Discrete Industry and Process Industry. The Discrete Industry is further studied across Aerospace & Defense, Automotive, Machine Manufacturing, Medical Devices, and Semiconductor & Electronics. The Process Industry is further studied across Chemicals, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pharmaceuticals, and Pulp & Paper. The Process Industry commanded largest market share of 72.12% in 2022, followed by Discrete Industry.

  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.91% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Smart Factory Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Smart Factory Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Smart Factory Market, highlighting leading vendors and their innovative profiles. These include 3D Systems Corporation, ABB Ltd., Andea, Cisco Systems, Inc., Cognex Corporation, Emerson Electric Co., Epicor Software Corporation, Fanuc Corporation, Fruitcore Robotics GmbH, Fujitsu Limited, General Electric Company, Hitachi, Ltd., Honeywell International Inc., HP Development Company, L.P., International Business Machines Corporation, KUKA AG, Microsoft Corporation, Mitsubishi Electric Corporation, NVIDIA Corporation, Oracle Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., SAP SE, Schneider Electric SE, Siemens AG, Stratasys Ltd., TE Connectivity Ltd., Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated, Ubisense Ltd., and Yokogawa Electric Corporation.

The report offers valuable insights on the following aspects:

  1. Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast for the Smart Factory Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Smart Factory Market?
  3. What is the competitive strategic window for identifying opportunities in the Smart Factory Market?
  4. What are the latest technology trends and regulatory frameworks in the Smart Factory Market?
  5. What is the market share of the leading vendors in the Smart Factory Market?
  6. Which modes and strategic moves are suitable for entering the Smart Factory Market?