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Global Smart Factory Market Report 2025

Smart Factory Global Market Report 2025 – By Product (Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products), By Component (Smart Factory Hardware, Smart Factory Software, Smart Factory Services), By Industry Vertical (Automotive, Aerospace and Defense, Electrical and Electronics, Food and Beverages, Energy and Utilities, Healthcare and Pharmaceuticals, Other Industry Verticals) – Market Size, Trends, And Global Forecast 2025-2034

Smart Factory Global Market Report 2025

Report Price : $4490.00 | Pages : 200 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Smart Factory Market Definition

Smart factories refer to factories where physical production processes and operations are combined with Digital technology, smart computing, and big data to create a more opportunistic system for companies that are focusing on manufacturing automation and supply chain management.

The main types of products in the smart factory market are machine vision systems, industrial robotics, control devices, sensors, communication technologies, and others. An industrial robot refers to a mechanical machine that is programmed to automatically perform production-related tasks in industrial environments. The different components include smart factory hardware, smart factory software and smart factory services and are employed in automotive, aerospace and defense, electrical and electronics, food and beverages, healthcare and pharmaceuticals, and other industry verticals.

Smart Factory Market Segmentation

The smart factory market covered in this report is segmented –

1) By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products

2) By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services

3) By Industry Vertical: Automotive, Aerospace And Defense, Electrical And Electronics, Food And Beverages, Energy And Utilities, Healthcare And Pharmaceuticals, Other Industry Verticals

Subsegments:

1) By Machine Vision Systems: 2D Machine Vision, 3D Machine Vision, Vision Sensors, Frame Grabbers, Vision Software

2) By Industrial Robotics: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Gantry Robots

3) By Control Devices: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA) Systems, Human-Machine Interface (HMI) Devices

4) By Sensor Communication Technologies: Wired Communication, Wireless Communication, Industrial Internet Of Things (IIoT) Protocols

5) By Other Products: Advanced Analytics Software, Artificial Intelligence Solutions, Cloud Computing Services

Smart Factory Market Size and growth rate 2025 to 2029: Graph

Smart Factory Market Size 2025 And Growth Rate

The smart factory market size has grown strongly in recent years. It will grow from $82.07 billion in 2024 to $89.56 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to adoption of Industry 4.0 and digital transformation, increasing adoption of data analytics and big data, automation and robotics, cyber-physical systems, cloud computing and edge computing.

Smart Factory Market Growth Forecast

The smart factory market size is expected to see rapid growth in the next few years. It will grow to $144.69 billion in 2029 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to government support and regulatory initiatives, increasing focus on sustainability, supply chain resilience and visibility, flexible and scalable manufacturing solutions, greater emphasis on cybersecurity. Major trends in the forecast period include customization and personalization in production, remote monitoring and management, sustainable manufacturing practices, human-centric design in human-machine collaboration, smart sensors and actuators, collaborative robotics (cobots).

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Smart Factory Market Driver: Industrial Robots Fueling Growth In The Smart Factory Market

The growing demand for industrial robots is expected to propel the growth of the smart factory market going forward. Industrial robots refer to mechanical machines that are programmed to automatically perform production-related tasks in industrial environments. A smart factory focuses on the optimization and industrial automation of its resources, using tools such as information and smart sensor technologies, robotics, the internet of things, or artificial intelligence. For instance, in September 2024, according to the International Federation of Robotics, a Germany-based non-profit organization, there was a surge in industrial robot installations, the global count of operational robots reached a new high of 3.9 million in 2022. Therefore, the growing demand for industrial robots is driving the smart factory market growth.

Smart Factory Market Driver: Cost Reduction And Waste Minimization Drive Smart Factory Growth

Demand for cost reduction and waste minimization is expected to propel the growth of the smart factory market going forward. Cost reduction refers to the practice of identifying and cutting costs related to operating a firm, and waste minimization is the methodical application of novel or alternate techniques to reduce the amount of hazardous waste., The two main factors influencing operational efficiency in smart factories are waste minimization and cost reduction. Through process optimization, waste elimination, and inefficiency reduction, these factories are able to manufacture things at a higher rate while using fewer resources. For instance, in May 2023, according to the National Environment Agency, a Singapore-based statutory board responsible for improving and sustaining a clean and green environment, about 4.19 million of the 7.39 million tons of solid garbage produced in 2022 were recycled. The amount of waste produced by non-domestic industries rose from 5.12 million metric tons in 2021 to 5.53 million metric tons in 2022, as compared to 2021. Therefore, the demand for cost reduction and waste minimization is driving smart factory market growth.

Global Smart Factory Market Major Players

Major companies operating in the smart factory market include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Cisco Systems Inc., Dassault Systèmes SE, Endress+Hauser AG, Kollmorgen Corp., Kuka AG, Omron Corporation, Oracle Corporation, Microsoft Corporation, PTC Inc., SAP SE, Hitachi Ltd., Amazon. com Inc., Fanuc Corporation, Cognex Corporation, FLIR Systems Inc., CoreTigo Ltd., Airbus Group Inc., Cellares Corp.

Global Smart Factory Market Trend: Advanced Technologies Reshape The Smart Factory Landscape

Technology advancements are a key trend gaining popularity in the smart factory market. Major companies in the smart factory sector are using advanced technologies to improve the production process and achieve better efficiency. For instance, in July 2024, Hexagon AB, a Sweden-based industrial technology company, launched its Digital Factory solution, enabling manufacturers to create precise digital replicas of their factories to enhance production and efficiency. This solution can save manufacturers millions annually by minimizing costs and preventing errors in factory planning and construction. Hexagon leverages its expertise in accurate reality capture, 3D simulation software, and cloud-native collaboration tools to address the manufacturing sector's unique challenges. While digitalization has long been utilized in fields such as civil infrastructure and public safety, its potential in manufacturing remains largely untapped, particularly for brownfield site owners.

Global Smart Factory Market Trend: Industry 4.0 Integration Revolutionizing Smart Factory Market For Enhanced Efficiency

Major companies operating in the smart factory market are involved in the integration of new and innovative technologies, such as Industry 4.0 solutions, to automate production capacity and increase efficiency while installing a new production line or setting up a new production unit. Industry 4.0, also known as the Fourth Industrial Revolution, refers to the incorporation of the Internet of Things (IoT), cloud computing and analytics, artificial intelligence (AI), and machine learning technologies into their operations and manufacturing facilities. For instance, in February 2023, Deloitte Touche Tohmatsu Limited (Deloitte), a UK-based professional services network company, through its subsidiary Deloitte Canada, opened a new 9,000-square-foot smart factory in Montreal, demonstrating a variety of Industry 4.0 solutions for automating production and warehousing. The factory will operate manufacturing lines, store and transfer inventory, track shipments, and make use of a variety of technologies, including artificial intelligence (AI), sensors, robots, IoT, big data, and the cloud.

Smart Factory Market Merger And Acquisition: Nulogy Acquires Mingo Smart Factory To Broaden Its Capabilities

In October 2024, Nulogy, a Canada-based technology company, acquired Mingo Smart Factory for an undisclosed amount. The aim of the acquisition is to enhance Nulogy's manufacturing supply chain solutions by integrating Mingo Smart Factory's real-time analytics and productivity technology, providing greater value to the extended supply chain. Mingo Smart Factory is a Canada-based technology company that specializes in manufacturing productivity solutions.

Regional Outlook For The Global Smart Factory Market

Asia-Pacific was the largest region in the smart factory market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the smart factory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

What Defines the Smart Factory Market?

The smart factory market consists of sales of blockchain manufacturing, the industrial internet of things, and asset management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Smart Factory Industry?

The smart factory market research report is one of a series of new reports from The Business Research Company that provides smart factory market statistics, including global market size, regional shares, competitors with a smart factory market share, detailed smart factory market segments, market trends and opportunities, and any further data you may need to thrive in the smart factory industry. This smart factory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart Factory Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $89.56 billion
Revenue Forecast In 2034 $144.69 billion
Growth Rate CAGR of 12.7% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products
2) By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services
3) By Industry Vertical: Automotive, Aerospace And Defense, Electrical And Electronics, Food And Beverages, Energy And Utilities, Healthcare And Pharmaceuticals, Other Industry Verticals Subsegments: 1) By Machine Vision Systems: 2D Machine Vision, 3D Machine Vision, Vision Sensors, Frame Grabbers, Vision Software
2) By Industrial Robotics: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Gantry Robots
3) By Control Devices: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA) Systems, Human-Machine Interface (HMI) Devices
4) By Sensor Communication Technologies: Wired Communication, Wireless Communication, Industrial Internet Of Things (IIoT) Protocols
5) By Other Products: Advanced Analytics Software, Artificial Intelligence Solutions, Cloud Computing Services
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Cisco Systems Inc., Dassault Systèmes SE, Endress+Hauser AG, Kollmorgen Corp., Kuka AG, Omron Corporation, Oracle Corporation, Microsoft Corporation, PTC Inc., SAP SE, Hitachi Ltd., Amazon. com Inc., Fanuc Corporation, Cognex Corporation, FLIR Systems Inc., CoreTigo Ltd., Airbus Group Inc., Cellares Corp.
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    Table Of Contents

    1. Executive Summary

    2. Smart Factory Market Characteristics

    3. Smart Factory Market Trends And Strategies

    4. Smart Factory Market- Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

    5. Global Smart Factory Growth Analysis And Strategic Analysis Framework

    5.1. Global Smart Factory PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Smart Factory Market Growth Rate Analysis

    5.4. Global Smart Factory Historic Market Size and Growth, 2019- 2024, Value ($ Billion)

    5.5. Global Smart Factory Forecast Market Size and Growth, 2024- 2029, 2034F, Value ($ Billion)

    5.6. Global Smart Factory Total Addressable Market (TAM)

    6. Smart Factory Market Segmentation

    6.1. Global Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Machine Vision Systems

    Industrial Robotics

    Control Devices

    Sensors Communication Technologies

    Other Products

    6.2. Global Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Smart Factory Hardware

    Smart Factory Software

    Smart Factory Services

    6.3. Global Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Automotive

    Aerospace and Defense

    Electrical and Electronics

    Food and Beverages

    Energy and Utilities

    Healthcare and Pharmaceuticals

    Other Industry Verticals

    6.4. Global Smart Factory Market, Sub-Segmentation Of Machine Vision Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    2D Machine Vision

    3D Machine Vision

    Vision Sensors

    Frame Grabbers

    Vision Software

    6.5. Global Smart Factory Market, Sub-Segmentation Of Industrial Robotics, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Articulated Robots

    SCARA Robots

    Cartesian Robots

    Collaborative Robots (Cobots)

    Gantry Robots

    6.6. Global Smart Factory Market, Sub-Segmentation Of Control Devices, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Programmable Logic Controllers (PLCs)

    Distributed Control Systems (DCS)

    Supervisory Control And Data Acquisition (SCADA) Systems

    Human-Machine Interface (HMI) Devices

    6.7. Global Smart Factory Market, Sub-Segmentation Of Sensor Communication Technologies, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Wired Communication

    Wireless Communication

    Industrial Internet Of Things (IIoT) Protocols

    6.8. Global Smart Factory Market, Sub-Segmentation Of Other Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Advanced Analytics Software

    Artificial Intelligence Solutions

    Cloud Computing Services

    7. Smart Factory Market Regional And Country Analysis

    7.1. Global Smart Factory Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Smart Factory Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Smart Factory Market

    8.1. Asia-Pacific Smart Factory Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Smart Factory Market

    9.1. China Smart Factory Market Overview

    9.2. China Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Smart Factory Market

    10.1. India Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Smart Factory Market

    11.1. Japan Smart Factory Market Overview

    11.2. Japan Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Smart Factory Market

    12.1. Australia Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Smart Factory Market

    13.1. Indonesia Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Smart Factory Market

    14.1. South Korea Smart Factory Market Overview

    14.2. South Korea Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Smart Factory Market

    15.1. Western Europe Smart Factory Market Overview

    15.2. Western Europe Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Smart Factory Market

    16.1. UK Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Smart Factory Market

    17.1. Germany Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Smart Factory Market

    18.1. France Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Smart Factory Market

    19.1. Italy Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Smart Factory Market

    20.1. Spain Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Smart Factory Market

    21.1. Eastern Europe Smart Factory Market Overview

    21.2. Eastern Europe Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Smart Factory Market

    22.1. Russia Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Smart Factory Market

    23.1. North America Smart Factory Market Overview

    23.2. North America Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Smart Factory Market

    24.1. USA Smart Factory Market Overview

    24.2. USA Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Smart Factory Market

    25.1. Canada Smart Factory Market Overview

    25.2. Canada Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Smart Factory Market

    26.1. South America Smart Factory Market Overview

    26.2. South America Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Smart Factory Market

    27.1. Brazil Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Smart Factory Market

    28.1. Middle East Smart Factory Market Overview

    28.2. Middle East Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Smart Factory Market

    29.1. Africa Smart Factory Market Overview

    29.2. Africa Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Smart Factory Market Competitive Landscape And Company Profiles

    30.1. Smart Factory Market Competitive Landscape

    30.2. Smart Factory Market Company Profiles

    30.2.1. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. Emerson Electric Co. Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. General Electric Company Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. Honeywell International Inc. Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. International Business Machines Corporation (IBM) Overview, Products and Services, Strategy and Financial Analysis

    31. Smart Factory Market Other Major And Innovative Companies

    31.1. Johnson Controls International PLC

    31.2. Mitsubishi Electric Corporation

    31.3. Robert Bosch GmbH

    31.4. Rockwell Automation Inc.

    31.5. Schneider Electric SE

    31.6. Siemens AG

    31.7. Yokogawa Electric Corp.

    31.8. Cisco Systems Inc.

    31.9. Dassault Systèmes SE

    31.10. Endress+Hauser AG

    31.11. Kollmorgen Corp.

    31.12. Kuka AG

    31.13. Omron Corporation

    31.14. Oracle Corporation

    31.15. Microsoft Corporation

    32. Global Smart Factory Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Smart Factory Market

    34. Recent Developments In The Smart Factory Market

    35. Smart Factory Market High Potential Countries, Segments and Strategies

    35.1 Smart Factory Market In 2029- Countries Offering Most New Opportunities

    35.2 Smart Factory Market In 2029- Segments Offering Most New Opportunities

    35.3 Smart Factory Market In 2029- Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Smart Factory Market, Sub-Segmentation Of Machine Vision Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Smart Factory Market, Sub-Segmentation Of Industrial Robotics, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Smart Factory Market, Sub-Segmentation Of Control Devices, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Smart Factory Market, Sub-Segmentation Of Sensor Communication Technologies, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Smart Factory Market, Sub-Segmentation Of Other Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Smart Factory Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Smart Factory Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Asia-Pacific, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: China, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: India, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Japan, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Australia, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Indonesia, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: South Korea, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Western Europe, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: UK, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: Germany, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: France, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Italy, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Spain, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Eastern Europe, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Russia, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: North America, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: USA, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: Canada, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: South America, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Brazil, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Middle East, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Africa, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: ABB Ltd. Financial Performance
  • Table 80: Emerson Electric Co. Financial Performance
  • Table 81: General Electric Company Financial Performance
  • Table 82: Honeywell International Inc. Financial Performance
  • Table 83: International Business Machines Corporation (IBM) Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Smart Factory Market, Sub-Segmentation Of Machine Vision Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Smart Factory Market, Sub-Segmentation Of Industrial Robotics, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Smart Factory Market, Sub-Segmentation Of Control Devices, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Smart Factory Market, Sub-Segmentation Of Sensor Communication Technologies, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Smart Factory Market, Sub-Segmentation Of Other Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Smart Factory Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Smart Factory Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Asia-Pacific, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: China, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: India, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Japan, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Australia, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Indonesia, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: South Korea, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Western Europe, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: UK, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: Germany, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: France, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Italy, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Spain, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Eastern Europe, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Russia, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: North America, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: USA, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: Canada, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: South America, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Brazil, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Middle East, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Smart Factory Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Smart Factory Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Africa, Smart Factory Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: ABB Ltd. Financial Performance
  • Figure 80: Emerson Electric Co. Financial Performance
  • Figure 81: General Electric Company Financial Performance
  • Figure 82: Honeywell International Inc. Financial Performance
  • Figure 83: International Business Machines Corporation (IBM) Financial Performance

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Frequently Asked Questions

What is the definition of the smart factory market?

Smart factories refer to factories where physical production processes and operations are combined with digital technology, smart computing, and big data to create a more opportunistic system for companies that are focusing on manufacturing automation and supply chain management. For further insights on the smart factory market, request a sample here

How will the smart factory market drivers and restraints affect the smart factory market dynamics? What forces will shape the smart factory industry going forward?

The smart factory market major growth driver - Industrial Robots Fueling Growth In The Smart Factory Market. For further insights on the smart factory market, request a sample here

What is the forecast market size or the forecast market value of the smart factory market?

The smart factory market size has grown strongly in recent years. It will grow from $82.07 billion in 2024 to $89.56 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to adoption of industry 4.0 and digital transformation, increasing adoption of data analytics and big data, automation and robotics, cyber-physical systems, cloud computing and edge computing. The smart factory market size is expected to see rapid growth in the next few years. It will grow to $144.69 billion in 2029 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to government support and regulatory initiatives, increasing focus on sustainability, supply chain resilience and visibility, flexible and scalable manufacturing solutions, greater emphasis on cybersecurity. Major trends in the forecast period include customization and personalization in production, remote monitoring and management, sustainable manufacturing practices, human-centric design in human-machine collaboration, smart sensors and actuators, collaborative robotics (cobots). For further insights on the smart factory market, request a sample here

How is the smart factory market segmented?

The smart factory market is segmented
1) By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products
2) By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services
3) By Industry Vertical: Automotive, Aerospace And Defense, Electrical And Electronics, Food And Beverages, Energy And Utilities, Healthcare And Pharmaceuticals, Other Industry Verticals Subsegments:
1) By Machine Vision Systems: 2D Machine Vision, 3D Machine Vision, Vision Sensors, Frame Grabbers, Vision Software
2) By Industrial Robotics: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Gantry Robots
3) By Control Devices: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA) Systems, Human-Machine Interface (HMI) Devices
4) By Sensor Communication Technologies: Wired Communication, Wireless Communication, Industrial Internet Of Things (IIoT) Protocols
5) By Other Products: Advanced Analytics Software, Artificial Intelligence Solutions, Cloud Computing Services For further insights on the smart factory market, request a sample here

Which region has the largest share of the smart factory market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the smart factory market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the smart factory market, request a sample here.

Who are the major players in the smart factory market?

Major companies operating in the smart factory market include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Cisco Systems Inc., Dassault Systèmes SE, Endress+Hauser AG, Kollmorgen Corp., Kuka AG, Omron Corporation, Oracle Corporation, Microsoft Corporation, PTC Inc., SAP SE, Hitachi Ltd., Amazon. com Inc., Fanuc Corporation, Cognex Corporation, FLIR Systems Inc., CoreTigo Ltd., Airbus Group Inc., Cellares Corp. For further insights on the smart factory market, request a sample here.

What are the key trends in the smart factory market?

Major trend in the smart factory market - Advanced Technologies Reshape The Smart Factory Landscape. For further insights on the smart factory market, request a sample here.

What are the major opportunities in the smart factory market? What are the strategies for the smart factory market?

For detailed insights on the major opportunities and strategies in the smart factory market, request a sample here.

How does the smart factory market relate to the overall economy and other similar markets?

For detailed insights on smart factory market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the smart factory industry?

For detailed insights on the mergers and acquisitions in the smart factory industry, request a sample here.

What are the key dynamics influencing the smart factory market growth? SWOT analysis of the smart factory market.

For detailed insights on the key dynamics influencing the smart factory market growth and SWOT analysis of the smart factory industry, request a sample here.