The paper contains an examination of the impact of the COVID-19 lock-down on market leaders, followers, and disruptors' revenue. Because lock down was applied differently in different regions and countries, the impact varies by location and segment. The paper examined the present short and long term market impact, which will assist decision makers in developing an outline for short and long term strategies for organisations by area.
Smart Factory Market Overview:
The fundamental purpose of this research is to help the user understand the Smart Factory Market in terms of definition, segmentation, market potential, significant trends, and the issues that the Smart Factory industry faces in key areas and countries. Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
Smart Factory Market Size was valued at US$ 88.75 Bn in 2022 and is expected to reach US$ 182.51 Bn by 2029, at a CAGR of 10.85% during a forecast period.
Scope of the Report
Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
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Smart Factory Market Drivers:
The Internet of Things (IoT) revolution, increased use of enabling technologies in manufacturing, increased acceptance of industrial robots in manufacturing, and improvements in assembly-line procedures are driving the Global Smart Factory Market.
The growing usage of automation in manufacturing, government backing for industrial automation, simple regulatory compliances, and increasing complexities in the global supply chain are driving the worldwide smart factory market.
Smart Factory Market Segmentation:
by Technology
Enterprise Resource Planning (ERP)
Supervisory control and data acquisition (SCADA)
Programmable Automation Controller (PAC)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Human Machine Interface (HMI)
by Field Devices
Industrial Robotics
Control Devices
Industrial Network
by Components
Industrial robotics
Control devices
Sensors and actuators
Machine Vision
Industrial 3D Printing
by Solution
SCADA
PLC
DCS
MES
PLM
ERP
HMI
PAM
by Industrial Networks
Process Industries
Discrete Industries
by Market Structure
To Connect
To Collect
To Analyse
To Control
Key Players:
1. ABB (ASEA BROWN BOVERI) Group
2. Siemens AG
3. Schneider Electric SE
4. Rockwell Automation Inc.
5. Honeywell International, Inc.
6. General Electric Company
7. Johnson Controls International PLC
8. Yokogawa Electric Corporation
9. Robert Bosch GmbH
10.Oracle Corporation
11.SAP SE
12.IBM Corporation
13.Emerson Electric Company
14.Cisco Systems, Inc.
15.Wipro Limited
16.Omron
17.Fanuc
18.Mitsubishi Electric
19.Toyota
20.Honda
21.Suzuki
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Regional Analysis:
The report focuses on Regions and Market Size of Smart Factory , and development forecast 2021-2027, including industries, major players, suppliers globally, and market share by regions, with company and product introduction, market position including market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact on the Smart Factory Market
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Smart Factory sector in 2021.
Key Questions answered in the Smart Factory Market Report are:
What is the function of Smart Factory ?
What is the predicted revenue generation of the Smart Factory market?
At what growth rate is the Smart Factory market evolving?
Who are the major market giants operating in the Smart Factory market?
Key offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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