Smart Factory Market

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.

Smart Factory Market contains market size and forecasts of Smart Factory in global, including the following market information:

Global Smart Factory Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Smart Factory Market Sales, 2017-2022, 2023-2028, (Unit System)

Global top five Smart Factory companies in 2021 (%)

The global Smart Factory market was valued at 65570 million in 2021 and is projected to reach US$ 130540 million by 2028, at a CAGR of 10.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Process Manufacturing Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Smart Factory include Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corp., General Electric Company, Emerson Electric Company, Schnieder Electric, Atos SE and Rockwell Automation Inc. and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Smart Factory manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Smart Factory Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Unit System)

Global Smart Factory Market Segment Percentages, by Type, 2021 (%)

Process Manufacturing

Discrete Manufacturing

Others

Global Smart Factory Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Unit System)

Global Smart Factory Market Segment Percentages, by Application, 2021 (%)

Automobile and transportation

Food and beverage

Electrical and electronics

Chemical and material

Oil and Gas

Others

Global Smart Factory Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Unit System)

Global Smart Factory Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Smart Factory revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Smart Factory revenues share in global market, 2021 (%)

Key companies Smart Factory sales in global market, 2017-2022 (Estimated), (Unit System)

Key companies Smart Factory sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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