Smart Factory Market worth $246.03 Billion By 2018

Monday 2 September 2013, Amsterdam

According to a new market research report “Smart Factory Market by Technology (SCADA, DCS, PLC, ERP, MES, PLM, MOM), Field Devices (Industrial Network, Robotics, RFID, And Motors & Drives, Relays & Switches, & Sensors), Application (Process, Discrete) - Global Forecast & Analysis (2013 - 2018)”, the total market is expected to generate revenues of $246.03 billion by 2018, growing at an estimated CAGR of 8.08% from 2013-2018.

Smart factory not only brings the cyber physical system at the forefront of manufacturing, but also connects every process and player across the value chain, thereby, aiming to achieve zero-waste production and the shortest time to market the product.

This report presents the future of the global market and industry from both technical and market-oriented perspectives with techno-market oriented roadmaps till 2018. This report describes the market trends, drivers, restraints and oppurtunities of the smart factory market and forecasts the market to 2018, based on technology, field devices, application, and geography.The report presents a detailed analysis of the technology market such as industrial control system (SCADA, PLC, and DCS), ERP, MES and PLM and forecasts the growth for each one of them. The report covers regions such as Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2012, Americas was the largest region in terms of market revenue for the smart factory market. APAC, Europe, and ROW are also promising markets, with China, Germany, and Africa providing an impetus to the growth.

The report profiles 23 promising players with SWOT analysis of key players in the smart factory market ecosystem. The competitive landscape of the market presents quite an interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a series of new products launch and announcements and partnerships across the value chain. A few big announcements by small and big players alike are expected in the coming months. Some of the key players in the smart factory market include ABB Ltd (Switzerland), Apriso Corporation (U.S.), DassaultSystemes (France), Siemens AG (Germany), Ubisense Group Plc (U.K.), General Dynamics (U.S.), Honeywell International Inc. (U.S.),Fraunhofer-Gesellschaft (Germany), Emerson Electric Co. (U.S.) and Invensys (U.K.).