Smart Factory - Global Strategic Business Report

The global market for Smart Factory is estimated at US$192.2 Billion in 2023 and is projected to reach US$348.2 Billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the smart factory market is driven by several factors. The increasing demand for operational efficiency and productivity is a significant driver, as manufacturers seek to remain competitive in a rapidly evolving market. Technological advancements in IoT, AI, and robotics are making smart factory solutions more accessible and effective, encouraging their adoption across various industries. The rising need for flexibility and agility in manufacturing, particularly in response to fluctuating market demands and supply chain disruptions, is also propelling the market forward. For example, smart factories can quickly adapt to changes in product design or production volume without extensive reconfiguration. Additionally, the emphasis on sustainability and energy efficiency is pushing manufacturers to adopt smart technologies that can optimize resource usage and reduce waste. Government initiatives and investments in smart manufacturing technologies are further supporting market growth, as countries aim to bolster their manufacturing sectors and enhance economic resilience. These initiatives often include funding for research and development, tax incentives for technology adoption, and the creation of industry standards for smart manufacturing. Together, these factors are fostering a dynamic and expanding market for smart factories, presenting significant opportunities for innovation and development in the manufacturing industry.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Control Equipment & Software segment, which is expected to reach US$149.0 Billion by 2030 with a CAGR of a 9.0%. The Reporting & Analysis Software segment is also set to grow at 10.2% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, estimated at $32.6 Billion in 2023, and China, forecasted to grow at an impressive 10.0% CAGR to reach $62.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Smart Factory Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Factory Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Smart Factory Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Daimler AG, Fortinet, Inc., Advantech Co., Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 209 Featured):

Daimler AG
Fortinet, Inc.
Advantech Co., Ltd.
Festo Belgium NV
AT&T Enterprise Business
Arburg GmbH + Co. KG
Critical Manufacturing S.A.
ebm-papst Mulfingen GmbH & Co. KG
Exor International SpA
Flocktons TVP
Comau SpA
EOS GmbH
CyberX
Altizon Systems Pvt., Ltd.
BinMaster

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Smart Factory and Industry 4.0 Overview
Smart Factory: A Prelude
System Architecture of Smart Factory
Structure of Automation Systems for Smart Factory
Smart Factory Solutions by Type
Industry 4.0: An Evolutionary Scan
Industry 4.0: Convergence of Cyber Physical Systems (CPS), Internet of Things (IoT) and Internet of Services (IoS)
Smart Factory: Enabling the Digital Journey to Responsive, Flexible, Adaptive, and Fully Connected Manufacturing
Scarcity of Skilled Workforce and Aging Personnel Drive Market Demand
Industry 4.0: Manufacturing Industry Set for the Fourth Industrial Revolution
Primary Elements of Smart Factory Platforms in a Nutshell
Notable Technology Trends in Smart Factory Summarized
Technologies Causing Disruptions to Traditional Manufacturing Practices: Key Growth Enablers for Smart Factory/Industry 4.0
Importance of Various Technology Enablers in Achieving Industry 4.0 Value Driver
Inherent Advantages Offered by Smart Factory and Growing Investments in Manufacturing Technology to Provide Perfect Platform for Market Penetration
The Urgent Need to Curtail De-Industrialization to Drive Healthy Demand for Smart Factory Solutions in Developed Countries
Manufacturers in Developed Countries to Enhance Productivity by Deploying Disruptive Technologies
Smart Factory Market Turns into Sizeable Corpus with Increasing Investments in Automation Solutions: Global Outlook
Prominent Factors Influencing the Smart Factory Market
Primary Drivers & Restraints
Automotive Industry to Spearhead Market Growth
World Smart Factory Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Automotive, Oil & Gas, Aerospace & Defense, Electronics, Industrial Equipment, and Other End-Uses
Regional Analysis North America Occupies Major Revenue Stake & Remains Primary Cluster for Smart Factory Activity
Global Smart Factory Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, USA, Latin America, Europe, Rest of World, Japan, and Canada
Competitive Landscape
Digital Majors and Startups Tussle to Gain over Established Manufacturers
Recent Market Activity
Select Innovations
Smart Factory - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Pivotal Role of Smart Factory Solutions in the Evolution of the Digitized Intelligent Factories of the Future
Intelligent, Digitized & Automated Smart Factories to Transform the Manufacturing Industry
Digital Factory Technologies for Improved Manufacturing Cell Design and Robotic Automation
Intelligent Factories Provide Manufacturers New Business Opportunities
Intelligent Factory Positively Impact Changes in Workforce Deployment
Intelligent Factories Make Unplanned Downtime a Thing of the Past
Intelligent Factories are Secured against Enhanced Threat Levels
Intelligent Factories Enable Connected Supply Chain
Technologies that Transform Traditional Factories into Intelligent Factories
Fast Evolving Role of Industrial IoT Augurs Well for Future Expansion
Industrial IoT: The Most Critical Technology for Industry 4.0 Transformation
How Can IoT Meet the Needs of the Manufacturing Industry?
Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
Industrial IoT Enables Transition to Intelligent Factories
Discrete Manufacturers Experiment with IoT Implementations
IoT Set to Revolutionize the Supply Chain
Essential IoT-based Digital Initiatives for Successful Transition of Manufacturers to Industry 4.0
Emphasis on Gaining Competitive Edge Steers IIoT Adoption
Machine Monitoring: The Most Common Way to Implement IIoT in Machine Shops
Real-time Simulations: A Promising Technology Connecting Human, Machine, and Products in Smart Manufacturing
M2M Communication: Essential for Seamless Connectivity between Multiple IoT Devices
Need to Upgrade Existing Factories Offers Huge Untapped Market Growth Potential
Aging Workforce & Shortage of Skilled Labor Aggravates the Woes of Old Factories
Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
Digital Talent: Need of the Hour for Digital Transition of Industrial Processes
The Promise of Smart Factory in Ensuring Supply Chain Resilience Widens the Business Case
AI for the ‘Smart’ Factor in Future Manufacturing Facilities
Global Market for AI in Manufacturing (In US$ Million) for the Years 2018, 2022 and 2024
Steady Adoption of Sophisticated Connectivity Solutions Lends Traction to Market Growth
Mobile Technologies Enable Real-time Data Capture & Access for Creating Connected Production Environment
Growing Use of Mobile Devices & Mobile Apps in Manufacturing Environments
Overhaul of Existing Network Technologies: Essential for Industry 4.0
5G: A Network Technology with Enormous Potential to Drive Adoption of Industry 4.0
Big Data and Cloud Computing: The New ICT Frontiers for Industry 4.0 Implementations
Analytics: Critical for Making Sense of Data Deluge Resulting from the Transition to Smart Manufacturing
Using Data for Enhanced Decision Making
Smart Manufacturing: Major Application Area for Big Data Enabled Market
Manufacturing-as-a-Service: An Apt Answer to the Growing Needs for Mass Customization
Rising Need to Integrate Physical, Networking and Computation Processes Drive Demand for Cyber-Physical Systems
Machine Tools: Promising Cyber Physical Systems
Decentralized Model and BlockChain Enhances Continuous, Rapid Manufacturing
Augmented Reality: Facilitating Industry 4.0 in a Fast, Interactive, and Reliable Way
Industry 4.0 to Create Need for Mobile AR in Manufacturing Sector
Enterprise Mobility, BYOD and CYOD to Drive Adoption of Mobile AR and Smart Wearables in Production Plants
First-Person View (FPV) Communications Significantly Reduce Personnel Overheads
Inspection, Maintenance & Repair of Production Floor Machinery: The ‘Hands-Free View’ Attribute of Smart AR Glasses
The Vital Nature of Automated Material Handling in Industry 4.0 Spurs Market Demand
Autonomous Vehicles: The Future of Material Handling Automation
Self-Driving Vehicles to Transform Logistics Marketplace
Advanced Robotics Impacts Automated Material Handling Equipment
MES/MOM Systems: A Competing or Complimentary Technology to Smart Manufacturing?
Manufacturing Execution System (MES): A Vital Cog in the Digitized Manufacturing Industry
Supervisory Control and Data Acquisition (SCADA): The Backbone of the Smart Manufacturing Industry
Complexity of Modern Industrial Processes Provides a Business Case for SCADA
Smart & Intelligent Sensors: Basic Building Blocks of Smart Factory
Sensor Manufacturers Enhance Capabilities to Meet Turnkey Solutions Demand of Manufacturers
Myriad Benefits of Robots in Various Processes and Applications to Make the Fourth Industrial Revolution a Reality
Growing Installations of Robots across Industrialized Countries Boost Market Prospects
Global Spending on Robotics by Sector (2000, 2015 & 2025)
Growing Automation Rapidly Change Manufacturing Sector Landscape
3D Printing Revolutionizes Manufacturing with Improved Productivity & Competitiveness, Bodes Well for the Market
How 3D Printing Gains Over Commercial Manufacturing
Additive Manufacturing (AM): Applications Timeline
Rapid Manufacturing or DDM: Emerging Application of 3D Printing
Additive Manufacturing of Metal Parts: An Evolving Market
Mass Customization Represent the Key to Growth
3D Printing: Can it Completely Replace Conventional Manufacturing?
Favorable Regulations and Standards Promote Adoption of Smart Factory Solutions on Factory Floors
Standardization of Technologies: Critical for Smart Manufacturing Implementations
Open Platform to Facilitate Migration towards Smart Manufacturing
Industry 4.0/Smart Manufacturing: Key Issues & Challenges
Huge Investments & Complex Networks
Lack of Standardization & Privacy Concerns
Cyber Security: A Major Risk of Industry 4.0
Loss of Employment Opportunities
Solutions to Resolve Technical Challenges Facing Establishment of Smart Factories
End-Use Application Sectors: Trends & Drivers
Ushering the Era of Smart Automotive Factories
Automotive OEMs Spearhead Smart Factory Initiatives
Auto Industry: Pioneering Smart Factory Solutions Adoption
Automotive Production Moves towards Energy Efficiency through Industry 4.0 Solutions
Anticipated Resurgence in Demand Will Continue to Shape Market Interest in the Oil & Gas Sector
Industry 4.0 Presents Attractive Opportunity for the Industrial Equipment Sector
Relevance in Aerospace & Defense Applications
Adoption of Industry 4.0 Inevitable for Food & Beverage Manufacturers for Driving Efficiencies
Beer Brewing Industry: Another Important Industry Set to Adopt Industry 4.0
Digitization in Beer Brewing Industry
Innovations and Advancements
Autonomous Robots: Powering the Factory of the Future
Collaborative Robots to Work Hand-in-Glove with Humans in Smart Factories
Digital Twin: The Next-Gen Manufacturing Software for Industry 4.0
Edge Computing Seeks Role in Smart Factory
Exosuits: Safety Standard for Workers in Dangerous Factory Jobs
Siemens’ Totally Integrated Automation (TIA) & Digital Enterprise Platform
GE’s Transformational Real-time Operational Intelligence
FlexSim Simulation Technology
genua’s Cyber-Diode for Improved IT Security in Smart Factory Environments
Baxter Robot: The Worker’s Friend
HARTING’s Solutions for Integrated Industry
SmartFactoryOWL: An Integrated System for Needs-Oriented Assembly Operations
Asseco’s APplus ERP II Solutions for SMEs
BOGE airstatus Remote Diagnostics Tool
Huawei’s Smart and Connected Industrial Network Solution
Flexible Conveyor Matrix Enables Networked & Cognitive Production
M&M Cloud-based Service Platform Aids Continual Condition Monitoring
ORBIS MPS for Transparency of Processes in Production & Intralogistics Areas
Programmable Automation Controller (PAC): Combining PLC Features with Real-Time Motion Control
Schaeffler Develops New Torque Sensor Technology
SICK IO-Link Sensors Provide Better Capabilities to Packaging Machines
Trebing + Himstedt Develop Self-Organized Capacity Management System
Openmatics Develops ZF Logistics Tag based on BLE Technology
Notable AR Innovations in Digital Manufacturing

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Smart Factory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Smart Factory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 3: World 15-Year Perspective for Smart Factory by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2015, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Control Equipment & Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Control Equipment & Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 6: World 15-Year Perspective for Control Equipment & Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Reporting & Analysis Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for Reporting & Analysis Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 9: World 15-Year Perspective for Reporting & Analysis Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Measurement Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Measurement Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 12: World 15-Year Perspective for Measurement Devices by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Connectivity Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Connectivity Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 15: World 15-Year Perspective for Connectivity Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 18: World 15-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 21: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 24: World 15-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 25: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 26: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 27: World 15-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 28: World Recent Past, Current & Future Analysis for Industrial Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 29: World Historic Review for Industrial Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 30: World 15-Year Perspective for Industrial Equipment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2022 and % CAGR
Table 33: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
Table 34: World Smart Factory Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030

III. MARKET ANALYSIS

UNITED STATES

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Market Analysis
Focus on Sophisticated Production and Operational Gains to Drive Long Term Demand for Smart Factory Solutions
Smart Factories, Industry 4.0 and the Manufacturing Future
Popularity of Smart Manufacturing to Benefit Market Expansion
Rising Number of Manufacturing Establishments and Shrinking Labor to Drive the Need for Smart Manufacturing Solutions
Shrinking Labor Pool in the US: Percentage Breakdown of Population by Age Group for 2010, 2020 & 2030
‘AmericaMakes’ Enhance Competitiveness of Domestic Manufacturing Industry
Clothing & Cotton Industries in the US: Can Smart Manufacturing Facilitate Revival?
Smart Factories Create Need for Skill Upgrading in the US
Several Governance-Related Issues Need Attention for Success of Smart Factories
USA: The Prime Market for MES Software and Services
Growing Use Case Across Diverse End-Use Industries
Extensive Adoption of MES in Discrete Manufacturing Industries
Electric Power T&D Sector Presents Opportunities for SCADA Market

CANADA

JAPAN

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Market Overview
Scarcity of Skilled Workforce and Aging Personnel Drive Market Demand
Japan: The Early Bird in the Field of Robotics
‘Industrial Value Chain Initiative’: A Step in the Right Direction for Adoption of Industry 4.0
Japan Primed to Adopt IIoT and Industry 4.0, Bodes Well for Smart Factory Market
Leading Industrial Robotics Companies in Japan (2020E): Percentage Breakdown of Revenues for Fanuc, Kawasaki, Nachi, Nidec, Yaskawa, and Others

CHINA

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Market Overview
‘Made In China 2025’ Strategy to Drive Smart Factory Adoption
China’s Smart Factory 1.0 Strategy
China Leads in Patents Related to Industry 4.0 Technologies
Sino-German Partnerships for Smart Manufacturing: Augmenting China’s Manufacturing Competitiveness

EUROPE

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Market Overview
Rising Investments in Industry 4.0 Technologies Drive Market Adoption
Industry 4.0 Investments in Europe Until 2020: Investment Value (in € Billion per Annum and as a % of Annual Revenues) by Sector
Extent of Digitalization in Europe - Proportion of Companies with High Degree of Digitalization by Industry Sector: 2017 & 2020E
Industry 4.0 Drives Revenue Growth: Cumulative Increase in Revenues by Industry Sector from 2017 through 2020
Europe’s Efforts to Leverage Industry 4.0 Encounter Legislative and Technical Hurdles
The European Union: At the Forefront of the Next Industrial Revolution
Healthcare: One of the Key End-Use Sectors of European MES Market

FRANCE

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)

GERMANY

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
Huge Industrial Base Makes Germany the Largest Regional Market
Industrie 4.0 to Reinforce Domestic Manufacturing Sector
Industry 4.0 Potential in Germany by Sector: Percentage Share Breakdown of Cumulative Gross Value Created for the Period 2016-2024
Stakeholders Boost Efforts to Implement Industry 4.0
German Manufacturing Industry Focuses on Smart Factory Research
Key Challenges to Industrie 4.0 Implementations Summarized

ITALY

UNITED KINGDOM

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)

REST OF EUROPE

ASIA-PACIFIC

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
Market Overview
Huge Manufacturing Activity Makes Asia-Pacific One of the Largest Markets for Smart Factory
Asia Retains Coveted Position of the Global Manufacturing Hub, to Focus on Industry 4.0
Industry 4.0 Offers Lucrative Opportunity for Asian Manufacturers
Bridging the Productivity Gap
Asian Companies Remain Optimistic about Industry 4.0
Key Challenges & Solutions
Australia: Brief Overview of the MES Market
India
High Growth on Cards for MES Solutions
Municipal Authorities and Power Companies Use SCADA Systems
Taiwan

LATIN AMERICA

Smart Factory Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)

REST OF WORLDIV. COMPETITION

Companies Mentioned

Daimler AG
Fortinet, Inc.
Advantech Co., Ltd.
Festo Belgium NV
AT&T Enterprise Business
Arburg GmbH + Co. KG
Critical Manufacturing S.A.
ebm-papst Mulfingen GmbH & Co. KG
Exor International SpA
Flocktons TVP
Comau SpA
EOS GmbH
CyberX
Altizon Systems Pvt., Ltd.
BinMaster

Table Information

Report Attribute	Details
No. of Pages	851
Published	November 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 192.2 Billion
Forecasted Market Value ( USD ) by 2030	$ 348.2 Billion
Compound Annual Growth Rate	8.9%
Regions Covered	Global
No. of Companies Mentioned	15

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 209 Featured):

Table of Contents

Companies Mentioned

Table Information

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