Market Overview

Global Smart Factory Market 2018-2023: Analysis by Product, Technology, and Geography - A $358 Billion Opportunity -


The "Global
Smart Factory Market - Segmented by Product (Machine Vision System,
Industrial Robotics, Control Devices), Technology, and Geography -
Growth, Trends, and Forecast (2018 - 2023)"
report has been
added to's offering.

The global smart factory market was valued at USD 211.74 billion in
2017. This market is expected to reach USD 358.01 billion by 2023, at a
CAGR of 9.17% during the forecast period (2018-2023).

Industry Digitization and End-to-End Supply Chain Visibility to
Drive the Market Growth

IT & telecom and finance sectors have been the pioneers in adopting
digitization in North America. However, manufacturing and processing
industries have realized the potential of advanced technologies and
deploying connected and smart systems.

Digitization in the industries allows end-to-end visibility of
industrial supply chain. Smart factory technologies constantly collect
data from different equipment for performance monitoring. Smart factory
systems, thus, allow easy data access of production volumes and
operational data. This also enables companies to deploy advance data
analysis tools to analyze and identify the flaws in the operation and
rectify them to improve the overall efficiency.

Key Highlights

  • Automotive to Dominate the Market by End User
  • US Dominates the Smart Factory Market in North America

Recent Developments

  • November 2017: Yokogawa Electric Corporation announced Synaptic
    Business Automation, a new industrial automation and control business
    concept that expresses the company's commitment to working with its
    customers to sustain its creation of corporate value.
  • August 2017: Honeywell acquired Nextnine Ltd, a global provider of
    industrial cybersecurity solutions. The business will be integrated
    into Honeywell's Industrial Cybersecurity group and will significantly
    strengthen Honeywell's capability to offer multi-vendor, multi-site
    secure remote access, monitoring and support to protect industrial
    control systems and critical infrastructure against a growing threat
    of cyber-attacks.

Companies Featured

  • ABB Group
  • Cognex Corporation
  • Siemens AG
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Swisslog Holding AG
  • Rockwell Automation Inc.
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Atos SE
  • Johnson Controls Inc.
  • Emerson Electric Company

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Market Segmentation

6. Competitive Intelligence - Key Vendor Profiles

7. Investment Analysis

8. Future of the Smart Factory Market

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