Global Smart Factory Market Research Report 2022

SKU ID : QYR- 21014431

Publishing Date : 06-Jun-2022

No. of pages : 92

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  • Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.
    Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.
    Market Analysis and Insights: Global Smart Factory Market
    Due to the COVID-19 pandemic, the global Smart Factory market size is estimated to be worth US$ 71200 million in 2022 and is forecast to a readjusted size of US$ 131740 million by 2028 with a CAGR of 10.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Process Manufacturing accounting for % of the Smart Factory global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automobile and transportation segment is altered to an % CAGR throughout this forecast period.
    Global Smart Factory key players include Siemens AG, ABB Ltd., Yokogawa Electric Corp., General Electric Company, Honeywell International, Inc., etc. Global top five manufacturers hold a share nearly 25%.
    North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.
    In terms of product, Process Manufacturing is the largest segment, with a share nearly 45%. And in terms of application, the largest application is Oil and Gas, followed by Automobile and transportation, Chemical and material, Food and beverage, etc.
    Global Smart Factory Market: Drivers and Restrains
    The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
    A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
    Global Smart Factory Market: Segment Analysis
    The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
    Segment by Type
    Process Manufacturing
    Discrete Manufacturing
    Others
    Segment by Application
    Automobile and transportation
    Food and beverage
    Electrical and electronics
    Chemical and material
    Oil and Gas
    Others
    By Company
    Siemens AG
    ABB Ltd.
    Honeywell International, Inc.
    Yokogawa Electric Corp.
    General Electric Company
    Emerson Electric Company
    Schnieder Electric
    Atos SE
    Rockwell Automation Inc.
    Robert Bosch GmbH
    Production by Region
    North America
    Europe
    China
    Japan
    Consumption by Region
    North America
    U.S.
    Canada
    Europe
    Germany
    France
    U.K.
    Italy
    Russia
    Asia-Pacific
    China
    Japan
    South Korea
    India
    Australia
    China Taiwan
    Indonesia
    Thailand
    Malaysia
    Latin America
    Mexico
    Brazil
    Argentina

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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