The latest study on the Smart Factory Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic. The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
The global Smart
Factory Market will be worth USD 309.67 Billion by 2027, according to a
current analysis by Emergen Research. The growth of this market can be
attributed to the increasing adoption of intelligent technologies across all
major industries, including food & beverage, petrochemicals, mining, and
manufacturing. Increasing demand for energy efficiency and technological
advancements of the sensors is expected to drive the smart factory market's
growth. The rising need to eliminate human & machine errors enhanced asset
efficiency and production quality has increased the adoption of digitized
supply chain management solutions. Assurance of labor wellness, improved
operational efficiencies, enhanced efficiency of the manufacturing processes.
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Covid
19 impact analysis:
This report is the latest
document encompassing the massive changes that took place in the Smart Factory
market following the emergence of the COVID-19 pandemic. The pandemic has
drastically affected the global economic landscape, thereby disrupting the
operating mechanism of the Smart Factory market. The severe global crisis has
prompted organizations to efficiently respond to the rapidly shifting business
environment. Therefore,
the report fully covers the profound impact of COVID-19 on this industry, with
a special focus on the affected industry segments. However, the market is
expected to regain momentum in the post-COVID-19 era. The report also offers an
initial and future impact assessment of the pandemic on the Smart Factory
industry. Hence, the vital COVID-19 insights offered by the report are expected
to help organizations manage their businesses effectively in extreme economic
uncertainties.
Major companies profiled in the market report include
ABB,
General Electric, Siemens, Rockwell Automation, Honeywell International,
Schneider Electric, Mitsubishi Electric, FANUC, Yokogawa Electric, and Emerson
Electric, among others.
Research objectives:
The
report also studies business strategies and strategic alliances undertaken by
companies to gain a robust footing in the market. The report sheds light on the
mergers and acquisitions, collaborations, joint ventures, brand promotions and
product launches, agreements and partnerships, and corporate and government
deals. The comprehensive analysis of the competitive landscape offers the
readers a deeper understanding about the competitors.
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access to the full description of the report @
https://www.emergenresearch.com/industry-report/smart-factory-market
Emergen Research has segmented the global Smart Factory Market
on the basis of Component, Solution, Industry, and region:
Component
Outlook (Revenue, USD Billion; 2017-2027)
·
Industrial Robotics (Articulated robots, Cylindrical robots,
Cartesian robots, SCARA robots, Collaborative robots)
·
Industrial 3D printing
·
Sensors
·
Control Devices (Relays, switches, motors, and drives)
·
Industrial network (Wired networks, wireless networks, RFID
systems)
·
Machine Vision (Cameras, Software, and Processor, Frame
grabbers)
Solution
Outlook (Revenue, USD Billion; 2017-2027)
·
Programmable Logic Controller (PLC)
·
Product Life Cycle Management (PLM)
·
Manufacturing Execution System (MES)
·
Distributed Control System (DCS)
·
Plant Asset Management (PAM)
·
Enterprise Resource Planning (ERP)
·
Supervisory Control and Data Acquisition (SCADA)
·
Human-Machine Interface (HMI)
Industry
Outlook (Revenue, USD Billion; 2017-2027)
·
Process Industries (Oil & Gas, Food & Beverage, Power,
Chemicals, Pharmaceuticals, Metals & Mining)
·
Discrete Industries (Semiconductor & Electronics, Aerospace
& Defense, Automotive)
Regional
Outlook:
The
global Smart Factory market has been categorized on the basis of key
geographical regions into North America,
Asia Pacific, Europe, Latin America, and Middle East & Africa. It
evaluates the presence of the global Smart Factory market in the major regions
with regards to market share, market size, revenue contribution, sales network
and distribution channel, and other key elements
Key Objectives of the
Global Smart Factory Market Report:
·
Analysis and estimation of the Smart
Factory market size and share for the projected period of 2020-2027
·
Extensive analysis of the key players of
the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear
understanding of the competitive landscape
·
Study of current and emerging trends,
restraints, drivers, opportunities, challenges, growth prospects, and risks of
the global Smart Factory market
·
Analysis of the growth prospects for the
stakeholders and investors through the study of the promising segments
·
Strategic recommendations to the
established players and new entrants to capitalize on the emerging growth
opportunities
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About Emergen
Research :
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Research is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. Our
solutions purely focus on your purpose to locate, target, and analyze consumer
behavior shifts across demographics, across industries, and help clients make
smarter business decisions. We offer market intelligence studies ensuring
relevant and fact-based research across multiple industries, including
Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update
our research offerings to ensure our clients are aware of the latest trend’s
existent in the market. Emergen Research has a strong base of experienced
analysts from varied areas of expertise. Our industry experience and ability to
develop a concrete solution to any research problems provides our clients with
the ability to secure an edge over their respective competitors.
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