Global Smart Factory Market To Reach $294.9 Billion By 2030: Emphasis On Gaining Competitive Edge Steers Iiot Adoption

The global market for Smart Factory estimated at US$152.2 Billion in the year 2022, is projected to reach a revised size of US$294.9 Billion by 2030, growing at a
CAGR of 8.6% over the analysis period 2022-2030.

Control Equipment & Software, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$127.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Reporting & Analysis Software segment is readjusted to a revised 10% CAGR for the next 8-year period.
The U.S. Market is Estimated at $30.1 Billion, While China is Forecast to Grow at 9.9% CAGR
The Smart Factory market in the U.S. is estimated at US$30.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$62.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Select Competitors (Total 209 Featured) -

• ABB Ltd.
• Accenture Plc
• Atos SE
• ATS International B.V.
• Autodesk Inc.
• Bosch.IO GmbH
• CENIT AG
• Cisco Systems, Inc.
• Dassault Systemes
• Emerson Electric Co.
• FANUC Corporation
• Fraunhofer IAO
• General Electric Company
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Infosys Ltd.
• Intel Corporation
• Johnson Controls International Plc
• Keyence Corporation
• KUKA AG
• Microsoft Corporation
• Mitsubishi Electric Corporation
• OMRON Corporation Industrial Automation Company
• Oracle Corporation
• PTC, Inc.
• Rockwell Automation, Inc.
• SAP SE
• Schneider Electric SE
• Siemens AG
• Siemens EDA
• Telefonaktiebolaget L. M. Ericsson
• Wipro Limited
• WITTENSTEIN SE
• YASKAWA Electric Corp.
• Yaskawa Motoman
• Yokogawa Electric Corporation

Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of COVID-19: As 2020 Draws to a Close, It Has Been a Year of Astounding Disruption
• COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
• Industrial Activity Remains Subdued, Inducing Weakness into Smart Factory Market
• Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
• Global PMI Index Points for the Years 2018, 2019 & 2020
• With High Smartness Quotient, Smart Factory Emerges as Apt Choice amid COVID-19
• COVID-19 Pandemic Presents Unlikely Opportunity for Smart Factory
• COVID-19 Impact Accelerates Shift towards Digitization
• Smart Factory and Industry 4.0 Overview
• Smart Factory: A Prelude
• System Architecture of Smart Factory
• Structure of Automation Systems for Smart Factory
• Smart Factory Solutions by Type
• Industry 4.0: An Evolutionary Scan
• Industry 4.0: Convergence of Cyber Physical Systems (CPS), Internet of Things (IoT) and Internet of Services (IoS)
• Smart Factory: Enabling the Digital Journey to Responsive, Flexible, Adaptive, and Fully Connected Manufacturing
• Scarcity of Skilled Workforce and Aging Personnel Drive Market Demand
• Industry 4.0: Manufacturing Industry Set for the Fourth Industrial Revolution
• Primary Elements of Smart Factory Platforms in a Nutshell
• Notable Technology Trends in Smart Factory Summarized
• Technologies Causing Disruptions to Traditional Manufacturing Practices: Key Growth Enablers for Smart Factory/Industry 4.0
• Importance of Various Technology Enablers in Achieving Industry 4.0 Value Driver
• Inherent Advantages Offered by Smart Factory and Growing Investments in Manufacturing Technology to Provide Perfect Platform for Market Penetration
• The Urgent Need to Curtail De-Industrialization to Drive Healthy Demand for Smart Factory Solutions in Developed Countries
• Manufacturers in Developed Countries to Enhance Productivity by Deploying Disruptive Technologies
• Smart Factory Market Turns into Sizeable Corpus with Increasing Investments in Automation Solutions: Global Outlook
• Prominent Factors Influencing the Smart Factory Market
• Primary Drivers & Restraints
• Automotive Industry to Spearhead Market Growth
• World Smart Factory Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Automotive, Oil & Gas, Aerospace & Defense, Electronics, Industrial Equipment, and Other End-Uses
• Regional Analysis North America Occupies Major Revenue Stake & Remains Primary Cluster for Smart Factory Activity
• Global Smart Factory Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, USA, Latin America, Europe, Rest of World, Japan, and Canada
• Competitive Landscape
• Digital Majors and Startups Tussle to Gain over Established Manufacturers
• Siemens Dominates the Global Factory Automation Market
• Leading Factory Automation Companies Worldwide (2019E): Percentage Share Breakdown for ABB, Fanuc, KUKA, Mitsubishi Electric, Rockwell, Schneider, Siemens, and Others
• Industrial Robots: Market Leaders
• Leading Players in the Global Industrial Robots Market (2019): Percentage Volume Breakdown for ABB, Fanuc, Kawasaki, KUKA, Nachi, Yaskawa, and Others
• Competition in the PLM Software Market
• Product Lifecycle Management (PLM) Software Competitor Market Share Scenario Worldwide (in %): 2019
• Recent Market Activity
• Select Innovations
• Smart Factory - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS

• Pivotal Role of Smart Factory Solutions in the Evolution of the Digitized Intelligent Factories of the Future
• Intelligent, Digitized & Automated Smart Factories to Transform the Manufacturing Industry
• Digital Factory Technologies for Improved Manufacturing Cell Design and Robotic Automation
• Intelligent Factories Provide Manufacturers New Business Opportunities
• Intelligent Factory Positively Impact Changes in Workforce Deployment
• Intelligent Factories Make Unplanned Downtime a Thing of the Past
• Intelligent Factories are Secured against Enhanced Threat Levels
• Intelligent Factories Enable Connected Supply Chain
• Technologies that Transform Traditional Factories into Intelligent Factories
• Fast Evolving Role of Industrial IoT Augurs Well for Future Expansion
• Industrial IoT: The Most Critical Technology for Industry 4.0 Transformation
• How Can IoT Meet the Needs of the Manufacturing Industry?
• Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
• Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
• Industrial IoT Enables Transition to Intelligent Factories
• Discrete Manufacturers Experiment with IoT Implementations
• IoT Set to Revolutionize the Supply Chain
• Essential IoT-based Digital Initiatives for Successful Transition of Manufacturers to Industry 4.0
• Emphasis on Gaining Competitive Edge Steers IIoT Adoption
• Machine Monitoring: The Most Common Way to Implement IIoT in Machine Shops
• Real-time Simulations: A Promising Technology Connecting Human, Machine, and Products in Smart Manufacturing
• M2M Communication: Essential for Seamless Connectivity between Multiple IoT Devices
• Need to Upgrade Existing Factories Offers Huge Untapped Market Growth Potential
• Aging Workforce & Shortage of Skilled Labor Aggravates the Woes of Old Factories
• Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
• Digital Talent: Need of the Hour for Digital Transition of Industrial Processes
• The Promise of Smart Factory in Ensuring Supply Chain Resilience Widens the Business Case
• AI for the 'Smart' Factor in Future Manufacturing Facilities
• Global Market for AI in Manufacturing (In US$ Million) for the Years 2018, 2022 and 2024
• Steady Adoption of Sophisticated Connectivity Solutions Lends Traction to Market Growth
• Mobile Technologies Enable Real-time Data Capture & Access for Creating Connected Production Environment
• Growing Use of Mobile Devices & Mobile Apps in Manufacturing Environments
• Overhaul of Existing Network Technologies: Essential for Industry 4.0
• 5G: A Network Technology with Enormous Potential to Drive Adoption of Industry 4.0
• Big Data and Cloud Computing: The New ICT Frontiers for Industry 4.0 Implementations
• Analytics: Critical for Making Sense of Data Deluge Resulting from the Transition to Smart Manufacturing
• Using Data for Enhanced Decision Making
• Smart Manufacturing: Major Application Area for Big Data Enabled Market
• Manufacturing-as-a-Service: An Apt Answer to the Growing Needs for Mass Customization
• Rising Need to Integrate Physical, Networking and Computation Processes Drive Demand for Cyber-Physical Systems
• Machine Tools: Promising Cyber Physical Systems
• Decentralized Model and BlockChain Enhances Continuous, Rapid Manufacturing
• Augmented Reality: Facilitating Industry 4.0 in a Fast, Interactive, and Reliable Way
• Industry 4.0 to Create Need for Mobile AR in Manufacturing Sector
• Enterprise Mobility, BYOD and CYOD to Drive Adoption of Mobile AR and Smart Wearables in Production Plants
• First-Person View (FPV) Communications Significantly Reduce Personnel Overheads
• Inspection, Maintenance & Repair of Production Floor Machinery: The 'Hands-Free View' Attribute of Smart AR Glasses
• The Vital Nature of Automated Material Handling in Industry 4.0 Spurs Market Demand
• Autonomous Vehicles: The Future of Material Handling Automation
• Self-Driving Vehicles to Transform Logistics Marketplace
• Advanced Robotics Impacts Automated Material Handling Equipment
• MES/MOM Systems: A Competing or Complimentary Technology to Smart Manufacturing?
• Manufacturing Execution System (MES): A Vital Cog in the Digitized Manufacturing Industry
• Supervisory Control and Data Acquisition (SCADA): The Backbone of the Smart Manufacturing Industry
• Complexity of Modern Industrial Processes Provides a Business Case for SCADA
• Smart & Intelligent Sensors: Basic Building Blocks of Smart Factory
• Sensor Manufacturers Enhance Capabilities to Meet Turnkey Solutions Demand of Manufacturers
• Myriad Benefits of Robots in Various Processes and Applications to Make the Fourth Industrial Revolution a Reality
• Growing Installations of Robots across Industrialized Countries Boost Market Prospects
• Global Spending on Robotics by Sector (2000, 2015 & 2025)
• Global Industrial Robots Market by End-use Industry (2020): Percentage Breakdown of Annual Volume Supply Automotive; Chemical, Rubber & Plastic Processing; Electronics and Communication; Food; Metal Products, and Others
• Leading Automated Countries Worldwide: Number of Industrial Robots Installed per 10,000 employees by Country (2016 - Historic Data)
• Growing Automation Rapidly Change Manufacturing Sector Landscape
• 3D Printing Revolutionizes Manufacturing with Improved Productivity & Competitiveness, Bodes Well for the Market
• How 3D Printing Gains Over Commercial Manufacturing
• Global Market for 3D Printing by Application (2020): Percentage Breakdown by Application Area for Assembly Line, Education & Research, Functional Parts, Metal Casting Patterns, Models for Presentation, Prototype Tooling Patterns, Visual Aids and Others
• Additive Manufacturing (AM): Applications Timeline
• Rapid Manufacturing or DDM: Emerging Application of 3D Printing
• Additive Manufacturing of Metal Parts: An Evolving Market
• Mass Customization Represent the Key to Growth
• 3D Printing: Can it Completely Replace Conventional Manufacturing?
• Favorable Regulations and Standards Promote Adoption of Smart Factory Solutions on Factory Floors
• Standardization of Technologies: Critical for Smart Manufacturing Implementations
• Open Platform to Facilitate Migration towards Smart Manufacturing
• Industry 4.0/Smart Manufacturing: Key Issues & Challenges
• Huge Investments & Complex Networks
• Lack of Standardization & Privacy Concerns
• Cyber Security: A Major Risk of Industry 4.0
• Loss of Employment Opportunities
• Solutions to Resolve Technical Challenges Facing Establishment of Smart Factories
• End-Use Application Sectors: Trends & Drivers
• Ushering the Era of Smart Automotive Factories
• World Automobile Production in Million Units: 2008-2022
• Automotive OEMs Spearhead Smart Factory Initiatives
• Auto Industry: Pioneering Smart Factory Solutions Adoption
• Automotive Production Moves towards Energy Efficiency through Industry 4.0 Solutions
• Anticipated Resurgence in Demand Will Continue to Shape Market Interest in the Oil & Gas Sector
• Global Oil & Gas E&P Industry Spending (2015-2021E)
• Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
• Industry 4.0 Presents Attractive Opportunity for the Industrial Equipment Sector
• Relevance in Aerospace & Defense Applications
• COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
• Global Airlines Performance by Region: 2020 Vs 2019
• Adoption of Industry 4.0 Inevitable for Food & Beverage Manufacturers for Driving Efficiencies
• Beer Brewing Industry: Another Important Industry Set to Adopt Industry 4.0
• Digitization in Beer Brewing Industry
• Innovations and Advancements
• Autonomous Robots: Powering the Factory of the Future
• Collaborative Robots to Work Hand-in-Glove with Humans in Smart Factories
• Digital Twin: The Next-Gen Manufacturing Software for Industry 4.0
• Edge Computing Seeks Role in Smart Factory
• Exosuits: Safety Standard for Workers in Dangerous Factory Jobs
• Siemens' Totally Integrated Automation (TIA) & Digital Enterprise Platform
• GE's Transformational Real-time Operational Intelligence
• FlexSim Simulation Technology
• genua's Cyber-Diode for Improved IT Security in Smart Factory Environments
• Baxter Robot: The Worker's Friend
• HARTING's Solutions for Integrated Industry
• SmartFactoryOWL: An Integrated System for Needs-Oriented Assembly Operations
• Asseco's APplus ERP II Solutions for SMEs
• BOGE airstatus Remote Diagnostics Tool
• Huawei's Smart and Connected Industrial Network Solution
• Flexible Conveyor Matrix Enables Networked & Cognitive Production
• M&M Cloud-based Service Platform Aids Continual Condition Monitoring
• ORBIS MPS for Transparency of Processes in Production & Intralogistics Areas
• Programmable Automation Controller (PAC): Combining PLC Features with Real-Time Motion Control
• Schaeffler Develops New Torque Sensor Technology
• SICK IO-Link Sensors Provide Better Capabilities to Packaging Machines
• Trebing + Himstedt Develop Self-Organized Capacity Management System
• Openmatics Develops ZF Logistics Tag based on BLE Technology
• Notable AR Innovations in Digital Manufacturing
• Noteworthy Adoptions and Implementations
• Audi's Smart Factory
• Nokia Digital Factory to Leverage 5G and Cobots for Complete Automation
• Foxconn Uses CNC Machines
• BMW Group Implements Industry 4.0
• FirstBuild's Internet-enabled Refrigerator with 3D-Printed Accessories
• Weidmuller Chooses Smart Technology for Regulating Fluctuations in Production
• ARBURG Employs Industrie 4.0 for Production of Individualized Products
• Bosch Rexroth Adopts Industrie 4.0 Concepts
• ebm-papst Benefits from Digitalization of Production Processes
• Siemens & Festo Collaborate for Innovative Multi-Carrier-System
• KUKA's Robot Provides Flexibility to Siemens Lead Factory for Electric Motors
• Sigma Air Manager 2 Master Controller Enables Intelligent Use of Compressed Air
• KSB's Digital Pump Solutions: Improving Production Functions & Services
• Schwering & Hasse Uses proALPHA Software for Automated Analysis of Production Data
• Eickhoff Wind Power Implements PROXIA Software for Seamless Production Monitoring
• Other Noteworthy Smart Factory/Industry 4.0 Adoptions & Implementations
• Industry 4.0 Enabling Technologies Adoption by 20 Global Players in a Nutshell: Company Name, Enabling Technology, and Industry 4.0 Initiative

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
IV. COMPETITION

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