Smart Factory Market Size, Share, Trends Analysis, Forecast 2032
Smart Factory Market By Component (Machine Vision, Industrial Robots, Industrial 3D Printing and Sensors), By Solution (PLC, SCADA, MES, DCS, ERP, PLM, PAM and HMI), By Industry (Automotive, Oil & Gas, Chemicals, Food & Beverages, Pharmaceuticals, Pulp & Paper, Medical Devices and Others), and By Region - Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 91.85 Billion | USD 208.9 Billion | 9.56% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Smart Factory Market, 2024-2032 (USD Billion)
- 2.2. Smart Factory Market: Snapshot
- Chapter 3. Smart Factory Market - Industry Analysis
- 3.1. Smart Factory Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Driver 1
- 3.2.2. Driver 2
- 3.3. Restraints
- 3.3.1. Restraint 1
- 3.3.2. Restraint 2
- 3.4. Opportunity
- 3.4.1. Government funding and support
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis By Product
- 3.6.2. Market attractiveness analysis By Solution
- 3.6.3. Market attractiveness analysis By Industry
- 3.6.4. Market attractiveness analysis By Region
- Chapter 4. Smart Factory Market- Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Smart Factory Market: company market share, 2024
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Smart Factory Market - Component Analysis
- 5.1. Global Smart Factory Market overview: By Component
- 5.1.1. Global Smart Factory Market share, By Product,2024 and 2032
- 5.2. Machine Vision
- 5.2.1. Global Smart Factory Market By Product1, 2024-2032 (USD Billion)
- 5.3. Industrial Robots
- 5.3.1. Global Smart Factory Market By Product2, 2024-2032 (USD Billion)
- 5.4. Industrial 3D Printing
- 5.4.1. Global Smart Factory Market By Product3, 2024-2032 (USD Billion)
- 5.5. Sensors
- 5.5.1. Global Smart Factory Market By Product4, 2024-2032 (USD Billion)
- 5.1. Global Smart Factory Market overview: By Component
- Chapter 6. Global Smart Factory Market -Solution Analysis
- 6.1. Global Smart Factory Market overview: By Solution
- 6.1.1. Global Smart Factory Market share, By Solution, 2024 and 2032
- 6.2. PLC
- 6.2.1. Global Smart Factory Market By PLC, 2024-2032 (USD Billion)
- 6.3. SCADA
- 6.3.1. Global Smart Factory Market By SCADA, 2024-2032 (USD Billion)
- 6.4. MES
- 6.4.1. Global Smart Factory Market By MES, 2024-2032 (USD Billion)
- 6.5. DCS
- 6.5.1. Global Smart Factory Market By DCS, 2024-2032 (USD Billion)
- 6.6. ERP
- 6.6.1. Global Smart Factory Market By ERP Solutions, 2024-2032 (USD Billion)
- 6.7. PLM
- 6.7.1. Global Smart Factory Market By PLM Solutions, 2024-2032 (USD Billion)
- 6.8. PAM
- 6.8.1. Global Smart Factory Market By PAM Solutions, 2024-2032 (USD Billion)
- 6.9. HMI
- 6.9.1. Global Smart Factory Market By HMI Solutions, 2024-2032 (USD Billion)
- 6.10. Others
- 6.10.1. Global Smart Factory Market By Other Solutions, 2024-2032 (USD Billion)
- 6.1. Global Smart Factory Market overview: By Solution
- Chapter 7. Global Smart Factory Market -Industry Analysis
- 7.1. Global Smart Factory Market overview: By Industry
- 7.1.1. Global Smart Factory Marketshare, By Industry, 2024 and 2032
- 7.2. Automotive
- 7.2.1. Global Smart Factory Market By Automotive, 2024-2032 (USD Billion)
- 7.3. Oil & Gas
- 7.3.1. Global Smart Factory Market By Oil & Gas, 2024-2032 (USD Billion)
- 7.4. Chemicals
- 7.4.1. Global Smart Factory Market By Chemicals, 2024-2032 (USD Billion)
- 7.5. Food & Beverages
- 7.5.1. Global Smart Factory MarketBy Food & Beverages, 2024-2032 (USD Billion)
- 7.6. Pharmaceuticals
- 7.6.1. Global Smart Factory Market By Pharmaceuticals, 2024-2032 (USD Billion)
- 7.7. Pulp & Paper
- 7.7.1. Global Smart Factory Market By Pulp & Paper, 2024-2032 (USD Billion)
- 7.8. Medical Devices
- 7.8.1. Global Smart Factory Market By Medical Devices, 2024-2032 (USD Billion)
- 7.9. Others
- 7.9.1. Global Smart Factory Market By others, 2024-2032 (USD Billion)
- 7.1. Global Smart Factory Market overview: By Industry
- Chapter 8. Global Smart Factory Market - Regional Analysis
- 8.1. Global Smart Factory Market overview: By Region
- 8.1.1. Global Smart Factory Marketshare, By Region, 2024 and 2032
- 8.2. North America
- 8.2.1. North America Smart Factory Market, 2024-2032 (USD Billion)
- 8.2.2. North America Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.2.3. North America Smart Factory Marketrevenue, By Solution, 2024-2032 (USD Billion)
- 8.2.4. North America Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.2.5. The U.S.
- 8.2.5.1. The U.S.Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.2.5.2. The U.S.Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.2.5.3. The U.S.Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.2.6.2. Rest of North America Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.2.6.3. Rest of North America Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.3. Europe
- 8.3.1. EuropeSmart Factory Market2024-2032 (USD Billion)
- 8.3.2. Europe Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.3.3. Europe Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.3.4. Europe Smart Factory Marketrevenue, By Industry, 2024-2032 (USD Billion)
- 8.3.5. UK
- 8.3.5.1. U.K.Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.3.5.2. U.K.Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.3.5.3. U.K. Smart Factory Marketrevenue, By Industry, 2024-2032 (USD Billion)
- 8.3.6. France
- 8.3.6.1. France Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.3.6.2. France Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.3.6.3. France Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Germany Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.3.7.2. Germany Smart Factory Marketrevenue, By Solution, 2024-2032 (USD Billion)
- 8.3.7.3. Germany Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of EuropeSmart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.3.8.2. Rest of EuropeSmart Factory Marketrevenue, By Solution, 2024-2032 (USD Billion)
- 8.3.8.3. Rest of Europe Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Factory Market, 2024-2032 (USD Billion)
- 8.4.2. Asia Pacific Smart Factory Marketrevenue, By Product,2024-2032 (USD Billion)
- 8.4.3. Asia Pacific Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.4.4. Asia Pacific Smart Factory Marketrevenue, By Industry, 2024-2032 (USD Billion)
- 8.4.5. China
- 8.4.5.1. China Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.4.5.2. China Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.4.5.3. China Smart Factory Marketrevenue, By Industry, 2024-2032 (USD Billion)
- 8.4.6. Japan
- 8.4.6.1. Japan Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.4.6.2. Japan Smart Factory Marketrevenue, By Solution, 2024-2032 (USD Billion)
- 8.4.6.3. Japan Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.4.7. India
- 8.4.7.1. India Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.4.7.2. India Smart Factory Marketrevenue, By Solution, 2024-2032 (USD Billion)
- 8.4.7.3. India Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific Smart Factory Marketrevenue, By Product,2024-2032 (USD Billion)
- 8.4.8.2. Rest of Asia Pacific Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.4.8.3. Rest of Asia Pacific Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Smart Factory Market, 2024-2032 (USD Billion)
- 8.5.2. Latin America Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.5.3. Latin America Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.5.4. Latin America Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil Smart Factory Marketrevenue, By Product,2024-2032 (USD Billion)
- 8.5.5.2. Brazil Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.5.5.3. Brazil Smart Factory Market revenue, By Industry, 2024-2032 (USD Billion)
- 8.5.6. Rest of LatinAmerica
- 8.5.6.1. Rest of LatinAmerica Smart Factory Market revenue, By Product,2024-2032 (USD Billion)
- 8.5.6.2. Rest of LatinAmerica Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.5.6.3. Rest of Latin America Smart Factory Marketrevenue, By Industry, 2024-2032 (USD Billion)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa Smart Factory Market, 2024-2032 (USD Billion)
- 8.6.2. The Middle East and Africa Smart Factory Marketrevenue, By Product,2024-2032 (USD Billion)
- 8.6.3. The Middle East and Africa Smart Factory Market revenue, By Solution, 2024-2032 (USD Billion)
- 8.6.4. The Middle East and Africa Smart Factory Marketrevenue, By Industry, 2024-2032 (USD Billion)
- 8.1. Global Smart Factory Market overview: By Region
- Chapter 9. Company Profiles
- 9.1. General Electric
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Siemens
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Rockwell Automation
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. ABB
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Honeywell International
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. Schneider Electric
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Development
- 9.7. Mitsubishi Electric
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. FANUC
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Development
- 9.9. Yokogawa Electric
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Development
- 9.10. Emerson Electric
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Development
- 9.1. General Electric
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Smart Factory Market, 2024–2032 (USD Billion)
4. Global Smart Factory Market, 2024–2032 (USD Billion)
5. Porter’s Five Forces Analysis
6. Global Smart Factory Market attractiveness, By Component
7. Global Smart Factory Market attractiveness, By Solution
8. Global Smart Factory Market attractiveness, By Industry
9. Global Smart Factory Market share, By Component, 2024 and 2032
10. Global Smart Factory Market by Machine Vision, 2024–2032 (USD Billion)
11. Global Smart Factory Market by Industrial Robots,2024–2032 (USD Billion)
12. Global Smart Factory Market by Industrial 3D Printing,2024–2032 (USD Billion)
13. Global Smart Factory Market by Sensors,2024–2032 (USD Billion)
14. Global Smart Factory Market share, By Solution, 2024 and 2032
15. Global Smart Factory Market By PLC, 2024–2032 (USD Billion)
16. Global Smart Factory Market By SCADA, 2024–2032 (USD Billion)
17. Global Smart Factory Market By MES, 2024–2032 (USD Billion)
18. Global Smart Factory Market By DCS, 2024–2032 (USD Billion)
19. Global Smart Factory Market By ERP, 2024–2032 (USD Billion)
20. Global Smart Factory Market By PLM, 2024–2032 (USD Billion)
21. Global Smart Factory Market By PAM, 2024–2032 (USD Billion)
22. Global Smart Factory Market By HMI, 2024–2032 (USD Billion)
23. Global Smart Factory Market share, By Industry, 2024 and 2032
24. Global Smart Factory Market by Automotive, 2024–2032 (USD Billion)
25. Global Smart Factory Market by Oil & Gas, 2024–2032 (USD Billion)
26. Global Smart Factory Market by Chemicals, 2024–2032 (USD Billion)
27. Global Smart Factory Market by Food & Beverages, 2024–2032 (USD Billion)
28. Global Smart Factory Market by Pharmaceuticals, 2024–2032 (USD Billion)
29. Global Smart Factory Market by Pulp & Paper, 2024–2032 (USD Billion)
30. Global Smart Factory Market by Medical Devices, 2024–2032 (USD Billion)
31. Global Smart Factory Market by Others, 2024–2032 (USD Billion)
32. Global Smart Factory Market share, by Region, 2024 and 2032
33. North America Smart Factory Market, 2024–2032 (USD Billion)
34. Europe Smart Factory Market, 2024–2032 (USD Billion)
35. Asia Pacific Smart Factory Market, 2024–2032 (USD Billion)
36. Latin America Smart Factory Market, 2024–2032 (USD Billion)
37. The Middle East and Africa Smart Factory Market, 2024–2032 (USD Billion)
Table Of Tables
List of Tables
1. Global Smart Factory Market: snapshot
2. Drivers of the Smart Factory Market: impact analysis
3. Restraints of the Smart Factory Market: impact analysis
4. North America Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
5. North America Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
6. North America Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
7. The U.S. Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
8. The U.S. Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
9. The U.S. Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
10. Rest of North America Smart Factory Market revenue, By Component, 2024–2032 (USD Billion)
11. Rest of North America Smart Factory Market revenue, By Solution,2024–2032 (USD Billion)
12. Rest of North America Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
13. Europe Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
14. Europe Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
15. Europe Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
16. U.K. Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
17. U.K. Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
18. U.K. Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
19. France Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
20. France Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
21. France Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
22. Germany Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
23. Germany Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
24. Germany Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
25. Rest of Europe Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
26. Rest of Europe Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
27. Rest of Europe Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
28. Asia Pacific Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
29. Asia Pacific Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
30. Asia Pacific Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
31. China Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
32. China Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
33. China Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
34. Japan Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
35. Japan Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
36. Japan Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
37. India Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
38. India Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
39. India Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
40. Rest of Asia Pacific Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
41. Rest of Asia Pacific Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
42. Rest of Asia Pacific Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
43. Latin America Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
44. Latin America Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
45. Latin America Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
46. Brazil Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
47. Brazil Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
48. Brazil Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
49. Rest of Latin America Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
50. Rest of Latin America Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
51. Rest of Latin America Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
52. The Middle East and Africa Smart Factory Market revenue, By Component,2024–2032 (USD Billion)
53. The Middle East and Africa Smart Factory Market revenue, By Solution, 2024–2032 (USD Billion)
54. The Middle East and Africa Smart Factory Market revenue, By Industry, 2024–2032 (USD Billion)
Methodology
FrequentlyAsked Questions
A smart factory is a highly automated and digitized manufacturing facility that leverages advanced technologies to optimize production processes and decision-making. It integrates cyber-physical systems, including machines, equipment, and people, to create a connected and intelligent environment.
According to a study, the global smart factory market size was worth around USD 91.85 billion in 2023 and is expected to reach USD 208.9 billion by 2032.
The global smart factory market is expected to grow at a CAGR of 9.56% during the forecast period.
Asia Pacific is expected to dominate the smart factory market over the forecast period.
Leading players in the global smart factory market include General Electric, Siemens, Rockwell Automation, ABB, Honeywell International, Schneider Electric, Mitsubishi Electric, FANUC, Yokogawa Electric and Emerson Electric, among others.
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