Smart Factory Market by Technology, Component, Industry - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Smart Factory Market is forecasted to grow significantly, with a projected USD 130.63 billion in 2023 at a CAGR of 17.08% and expected to reach a staggering USD 400.13 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Smart Factory Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Smart Factory Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology, market is studied across Distributed Control System, Enterprise Resource Planning, Human-Machine Interface, Manufacturing Execution System, Plant Asset Management, Product Life Cycle Management, Programmable Logic Controller, and Supervisory Control & Data Acquisition. The Plant Asset Management commanded largest market share of 21.23% in 2022, followed by Supervisory Control & Data Acquisition.

Based on Component, market is studied across Industrial 3D Printing, Industrial Robots, Machine Vision, and Sensors. The Industrial Robots is further studied across Collaborative Robots and Traditional Industrial Robots. The Traditional Industrial Robots is further studied across Articulated Robots, Cartesian Robots, Cylindrical Robots, and Selective Compliance Assembly Robot Arm. The Machine Vision is further studied across Camera, Frame Grabbers, Optics, & LED Lighting, and Processor & Software. The Camera is further studied across Digital Camera and Smart Camera. The Sensors commanded largest market share of 24.23% in 2022, followed by Industrial Robots.

Based on Industry, market is studied across Discrete Industry and Process Industry. The Discrete Industry is further studied across Aerospace & Defense, Automotive, Machine Manufacturing, Medical Devices, and Semiconductor & Electronics. The Process Industry is further studied across Chemicals, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pharmaceuticals, and Pulp & Paper. The Process Industry commanded largest market share of 72.12% in 2022, followed by Discrete Industry.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.91% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Smart Factory Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Smart Factory Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Factory Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Factory Market?

4. What is the competitive strategic window for opportunities in the Global Smart Factory Market?

5. What are the technology trends and regulatory frameworks in the Global Smart Factory Market?

6. What is the market share of the leading vendors in the Global Smart Factory Market?

7. What modes and strategic moves are considered suitable for entering the Global Smart Factory Market?

Product Code: MRR-43422F546F2F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Smart Factory Market, by Technology, 2022 vs 2030
4.3. Smart Factory Market, by Component, 2022 vs 2030
4.4. Smart Factory Market, by Industry, 2022 vs 2030
4.5. Smart Factory Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Adoption of Industry 4.0 in Economies Worldwide
  - 5.1.1.2. Increasing Government Support Industrial Automation in Smart Factory
  - 5.1.1.3. Introduction of Collaborative Robots in Smart Factory
- 5.1.2. Restraints
  - 5.1.2.1. Complexity Associated with Deployment of Technologies in Smart Factory
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Technologies and New Product Launches for Managing Smart Factory Operations
  - 5.1.3.2. Surging Investments for Smart Factory Projects
- 5.1.4. Challenges
  - 5.1.4.1. Privacy and Security Concerns in Smart factory
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Smart Factory Market, by Technology

6.1. Introduction
6.2. Distributed Control System
6.3. Enterprise Resource Planning
6.4. Human-Machine Interface
6.5. Manufacturing Execution System
6.6. Plant Asset Management
6.7. Product Life Cycle Management
6.8. Programmable Logic Controller
6.9. Supervisory Control & Data Acquisition

7. Smart Factory Market, by Component

7.1. Introduction
7.2. Industrial 3D Printing
7.3. Industrial Robots
- 7.3.1. Collaborative Robots
- 7.3.2. Traditional Industrial Robots
  - 7.3.2.1. Articulated Robots
  - 7.3.2.2. Cartesian Robots
  - 7.3.2.3. Cylindrical Robots
  - 7.3.2.4. Selective Compliance Assembly Robot Arm
7.4. Machine Vision
- 7.4.1. Camera
  - 7.4.1.1. Digital Camera
  - 7.4.1.2. Smart Camera
- 7.4.2. Frame Grabbers, Optics, & LED Lighting
- 7.4.3. Processor & Software
7.5. Sensors

8. Smart Factory Market, by Industry

8.1. Introduction
8.2. Discrete Industry
- 8.2.1. Aerospace & Defense
- 8.2.2. Automotive
- 8.2.3. Machine Manufacturing
- 8.2.4. Medical Devices
- 8.2.5. Semiconductor & Electronics
8.3. Process Industry
- 8.3.1. Chemicals
- 8.3.2. Energy & Power
- 8.3.3. Food & Beverages
- 8.3.4. Metals & Mining
- 8.3.5. Oil & Gas
- 8.3.6. Pharmaceuticals
- 8.3.7. Pulp & Paper

9. Americas Smart Factory Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Smart Factory Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Smart Factory Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player

13. List of Company Mentioned

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing