PUBLISHER: Lucintel | PRODUCT CODE: 1386600
PUBLISHER: Lucintel | PRODUCT CODE: 1386600
Smart Factory Trends and Forecast
The future of the global smart factory market looks promising with opportunities in the automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, and mining markets. The global smart factory market is expected to reach an estimated $215.7 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are rising demand for industrial robots and growing adoption of IoT and artificial intelligence in industrial market.
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Smart Factory by Segment
The study includes a forecast for the global smart factory by type, technology, end use industry, and region.
Smart Factory Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Smart Factory Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Smart Factory Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
Smart Factory Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Smart Factory Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart factory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart factory companies profiled in this report include-
Smart Factory Market Insights
Lucintel forecasts that programmable logic controller is expected to witness highest growth over the forecast period due to its increasing demand from semiconductor, automotive, and food and beverage industries.
Within this market, automotive will remain the largest segment due to the growing demand for complex and demanding manufacturing processes in this industry.
APAC will remain the largest region due to the rapid economic growth, increasing urbanization, and growing demand for e-commerce platforms in the region.
Features of the Global Smart Factory Market
Market Size Estimates: Smart factory market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Smart factory market size by type, technology, end use industry, and region in terms of value ($B).
Regional Analysis: Smart factory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, end use industries, and regions for the smart factory market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart factory market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the smart factory market size?
Answer: The global smart factory market is expected to reach an estimated $215.7 billion by 2030.
Q.2 What is the growth forecast for smart factory market?
Answer: The global smart factory market is expected to grow with a CAGR of 9.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the smart factory market?
Answer: The major drivers for this market are rising demand for industrial robots and growing adoption of IoT and artificial intelligence in industrial market.
Q4. What are the major segments for smart factory market?
Answer: The future of the smart factory market looks promising with opportunities in the automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, and mining markets.
Q5. Who are the key smart factory market companies?
Answer: Some of the key smart factory companies are as follows:
Q6. Which smart factory market segment will be the largest in future?
Answer: Lucintel forecasts that programmable logic controller is expected to witness highest growth over the forecast period due to its increasing demand from semiconductor, automotive, and food and beverage industries.
Q7. In smart factory market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the rapid economic growth, increasing urbanization, and growing demand for e-commerce platforms in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.