Global Smart Factory Market 2023-2027

The smart factory market is forecasted to grow by USD 73.68 bn during 2022-2027, accelerating at a CAGR of 9.26% during the forecast period. The report on the smart factory market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need for simplification of complex manufacturing activities, changes in global labor force, and miniaturization of sensors.

Technavio's smart factory market is segmented as below:

By Component

Industrial sensors
Industrial robots
Industrial 3D printers
Machine vision systems
Solution Outlook
SCADA
MES
DCM
PLC
PLM

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of the industrial internet of things (IIoT) as one of the prime reasons driving the smart factory market growth during the next few years. Also, an increase in the adoption of data analytics and improvements in machine vision systems will lead to sizable demand in the market.

The report on the smart factory market covers the following areas:

Smart factory market sizing
Smart factory market forecast
Smart factory market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart factory market vendors that include ABB Ltd., Azbil Corp., Cisco Systems Inc., Dassault Systemes SE, Emerson Electric Co., FANUC Corp., FUJI Corp., General Electric Co., Honeywell International Inc., Johnson Controls International Plc, Microsoft Corp., Mitsubishi Electric Corp., Oracle Corp., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., and Endress Hauser Group Services AG. Also, the smart factory market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75649

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Solution
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global smart factory market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global smart factory market 2017 - 2021 ($ billion)
4.2 Components Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Components Segment 2017 - 2021 ($ billion)
4.3 Solution Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Solution Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments
Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 Industrial sensors - Market size and forecast 2022-2027
Exhibit 34: Chart on Industrial sensors - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Industrial sensors - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Industrial sensors - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Industrial sensors - Year-over-year growth 2022-2027 (%)
6.4 Industrial robots - Market size and forecast 2022-2027
Exhibit 38: Chart on Industrial robots - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Industrial robots - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Industrial robots - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Industrial robots - Year-over-year growth 2022-2027 (%)
6.5 Industrial 3D printers - Market size and forecast 2022-2027
Exhibit 42: Chart on Industrial 3D printers - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Industrial 3D printers - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Industrial 3D printers - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Industrial 3D printers - Year-over-year growth 2022-2027 (%)
6.6 Machine vision systems - Market size and forecast 2022-2027
Exhibit 46: Chart on Machine vision systems - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Machine vision systems - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Machine vision systems - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Machine vision systems - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Component
Exhibit 50: Market opportunity by Component ($ billion)
Exhibit 51: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Solution

7.1 Market segments
Exhibit 52: Chart on Solution - Market share 2022-2027 (%)
Exhibit 53: Data Table on Solution - Market share 2022-2027 (%)
7.2 Comparison by Solution
Exhibit 54: Chart on Comparison by Solution
Exhibit 55: Data Table on Comparison by Solution
7.3 SCADA - Market size and forecast 2022-2027
Exhibit 56: Chart on SCADA - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Data Table on SCADA - Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Chart on SCADA - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on SCADA - Year-over-year growth 2022-2027 (%)
7.4 MES - Market size and forecast 2022-2027
Exhibit 60: Chart on MES - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Data Table on MES - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Chart on MES - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on MES - Year-over-year growth 2022-2027 (%)
7.5 DCM - Market size and forecast 2022-2027
Exhibit 64: Chart on DCM - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Data Table on DCM - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Chart on DCM - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on DCM - Year-over-year growth 2022-2027 (%)
7.6 PLC - Market size and forecast 2022-2027
Exhibit 68: Chart on PLC - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Data Table on PLC - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Chart on PLC - Year-over-year growth 2022-2027 (%)
Exhibit 71: Data Table on PLC - Year-over-year growth 2022-2027 (%)
7.7 PLM - Market size and forecast 2022-2027
Exhibit 72: Chart on PLM - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Data Table on PLM - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Chart on PLM - Year-over-year growth 2022-2027 (%)
Exhibit 75: Data Table on PLM - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Solution
Exhibit 76: Market opportunity by Solution ($ billion)
Exhibit 77: Data Table on Market opportunity by Solution ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 79: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 80: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 81: Chart on Geographic comparison
Exhibit 82: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 91: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 UK - Market size and forecast 2022-2027
Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
Exhibit 119: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 120: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 121: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 122: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 123: Market opportunity By Geographical Landscape ($ billion)
Exhibit 124: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 125: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 127: Overview on factors of disruption
11.4 Industry risks
Exhibit 128: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 129: Vendors covered
12.2 Market positioning of vendors
Exhibit 130: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 131: ABB Ltd. - Overview
Exhibit 132: ABB Ltd. - Business segments
Exhibit 133: ABB Ltd. - Key offerings
Exhibit 134: ABB Ltd. - Segment focus
12.4 Cisco Systems Inc.
Exhibit 135: Cisco Systems Inc. - Overview
Exhibit 136: Cisco Systems Inc. - Business segments
Exhibit 137: Cisco Systems Inc. - Key news
Exhibit 138: Cisco Systems Inc. - Key offerings
Exhibit 139: Cisco Systems Inc. - Segment focus
12.5 Dassault Systemes SE
Exhibit 140: Dassault Systemes SE - Overview
Exhibit 141: Dassault Systemes SE - Product / Service
Exhibit 142: Dassault Systemes SE - Key news
Exhibit 143: Dassault Systemes SE - Key offerings
12.6 Emerson Electric Co.
Exhibit 144: Emerson Electric Co. - Overview
Exhibit 145: Emerson Electric Co. - Business segments
Exhibit 146: Emerson Electric Co. - Key news
Exhibit 147: Emerson Electric Co. - Key offerings
Exhibit 148: Emerson Electric Co. - Segment focus
12.7 General Electric Co.
Exhibit 149: General Electric Co. - Overview
Exhibit 150: General Electric Co. - Business segments
Exhibit 151: General Electric Co. - Key news
Exhibit 152: General Electric Co. - Key offerings
Exhibit 153: General Electric Co. - Segment focus
12.8 Honeywell International Inc.
Exhibit 154: Honeywell International Inc. - Overview
Exhibit 155: Honeywell International Inc. - Business segments
Exhibit 156: Honeywell International Inc. - Key news
Exhibit 157: Honeywell International Inc. - Key offerings
Exhibit 158: Honeywell International Inc. - Segment focus
12.9 Johnson Controls International Plc
Exhibit 159: Johnson Controls International Plc - Overview
Exhibit 160: Johnson Controls International Plc - Business segments
Exhibit 161: Johnson Controls International Plc - Key news
Exhibit 162: Johnson Controls International Plc - Key offerings
Exhibit 163: Johnson Controls International Plc - Segment focus
12.10 Microsoft Corp.
Exhibit 164: Microsoft Corp. - Overview
Exhibit 165: Microsoft Corp. - Business segments
Exhibit 166: Microsoft Corp. - Key news
Exhibit 167: Microsoft Corp. - Key offerings
Exhibit 168: Microsoft Corp. - Segment focus
12.11 Mitsubishi Electric Corp.
Exhibit 169: Mitsubishi Electric Corp. - Overview
Exhibit 170: Mitsubishi Electric Corp. - Business segments
Exhibit 171: Mitsubishi Electric Corp. - Key news
Exhibit 172: Mitsubishi Electric Corp. - Key offerings
Exhibit 173: Mitsubishi Electric Corp. - Segment focus
12.12 Oracle Corp.
Exhibit 174: Oracle Corp. - Overview
Exhibit 175: Oracle Corp. - Business segments
Exhibit 176: Oracle Corp. - Key news
Exhibit 177: Oracle Corp. - Key offerings
Exhibit 178: Oracle Corp. - Segment focus
12.13 Robert Bosch GmbH
Exhibit 179: Robert Bosch GmbH - Overview
Exhibit 180: Robert Bosch GmbH - Business segments
Exhibit 181: Robert Bosch GmbH - Key news
Exhibit 182: Robert Bosch GmbH - Key offerings
Exhibit 183: Robert Bosch GmbH - Segment focus
12.14 Rockwell Automation Inc.
Exhibit 184: Rockwell Automation Inc. - Overview
Exhibit 185: Rockwell Automation Inc. - Business segments
Exhibit 186: Rockwell Automation Inc. - Key news
Exhibit 187: Rockwell Automation Inc. - Key offerings
Exhibit 188: Rockwell Automation Inc. - Segment focus
12.15 SAP SE
Exhibit 189: SAP SE - Overview
Exhibit 190: SAP SE - Business segments
Exhibit 191: SAP SE - Key news
Exhibit 192: SAP SE - Key offerings
Exhibit 193: SAP SE - Segment focus
12.16 Schneider Electric SE
Exhibit 194: Schneider Electric SE - Overview
Exhibit 195: Schneider Electric SE - Business segments
Exhibit 196: Schneider Electric SE - Key news
Exhibit 197: Schneider Electric SE - Key offerings
Exhibit 198: Schneider Electric SE - Segment focus
12.17 Siemens AG
Exhibit 199: Siemens AG - Overview
Exhibit 200: Siemens AG - Business segments
Exhibit 201: Siemens AG - Key news
Exhibit 202: Siemens AG - Key offerings
Exhibit 203: Siemens AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 204: Inclusions checklist
Exhibit 205: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 206: Currency conversion rates for US$
13.4 Research methodology
Exhibit 207: Research methodology
Exhibit 208: Validation techniques employed for market sizing
Exhibit 209: Information sources
13.5 List of abbreviations
Exhibit 210: List of abbreviations