Skip to main content

Smart Factory Market: Industry Analysis And Detailed Profiles Of Top Industry Players

According to the latest market report published by Future Market Insights titled, “Smart Factory Market - Global Industry Analysis and Opportunity Assessment, 2015-2025,” the market was valued at US$ 51.9 Bn in 2014 and is expected to register a CAGR of 13.3% from 2015 to 2025.

Growth of the smart factory market is primarily driven by rising focus on advanced manufacturing techniques. Furthermore, developments in information and communications technology (ICT), increased focus on energy consumption, rising prices and stringent environmental regulations are expected to be key factors driving growth of the smart factory market over the forecast period.

FMI’s report segments the global smart factory market on the basis of market structure, component, manufacturing vertical, and region. Market structure includes ‘to collect’, ‘to connect’, ‘to analyse’ and ‘to control’. A detailed analysis of each segment is presented in the report to deliver an accurate view of the market.


On the basis of manufacturing vertical, the smart factory market is further segmented into automotive & transportation, food & beverages, electrical & electronics, aerospace & defence, oil & gas, garment & textile, chemical and others (healthcare & pharmaceutical).

Among these, the automotive & transportation segment dominated the global smart factory market in terms of revenue contribution in 2014. Growth of this segment is primarily driven by increasing investments by leading automobile manufacturers. For example, in September 2015, German luxury car manufacturer Mercedes-Benz announced an investment of US$ 1.3 Bn to expand and upgrade its SUV manufacturing unit in Alabama, U.S. This expansion would add 300 new jobs and support end-to-end digitalization of the production process as a part of the company’s smart factory initiative.

This report also covers trends driving growth of each market segment and offers analysis and insights about market potential across key regions namely North America, Latin America, Europe, Asia Pacific (APAC) and the Middle East & Africa. Furthermore, the market is sub-segmented on the basis of major countries in each region in order to provide a regional analysis of the overall market.

Browse Our Press Releases For More Information @ https://www.futuremarketinsights.com/press-release/smart-factory-market

Asia Pacific was the largest revenue contributor to the global smart factory market, accounting for US$ 20.4 Bn in 2014. This is mainly attributed to increasing investment in manufacturing plants in the region. For example, in April 2015, the South Korean government along with Samsung Electronics announced an investment of US$ 12.6 Mn to promote the smart factory concept in the country.

Smart factory market in Europe accounted for US$ 14.7 Bn in 2014and is expected to register a CAGR of 14.3% during the forecast period. Growth of the market in this region is expected to be driven by increasing government support for development of innovative production technologies in countries such as Germany and the U.K. Also, increasing spending by key players is expected to further drive growth of the market in Europe.


Smart Factory Market: Major Players


Key players in the global smart factory market include ABB Group, Rockwell Automation, Inc., General Electric Co., Siemens AG, Oracle Corporation, IBM Corporation, SAP SE, PTC Inc., Accenture PLC and Atos SE. These players focus on mergers and acquisitions, new product launches, expansions and partnerships in order to remain competitive in the market. A competitive dashboard has also been included in the report to provide detailed information about key players in the market.

Comments

Post a Comment

Popular posts from this blog

Wi-Fi Chipset Market Poised for an Explosive Growth in the Near Future

Wi-Fi is a technology based on the IEEE 802.11 standard which connects two or more devices using wireless communication within a limited area such as office building, school, home, or computer laboratory. Usage of Wi-Fi has increased significantly in residential and commercial places since the last several years due to the ease of its installation and operation. Currently, a number of devices including video-game consoles, digital cameras, digital audio players, digital printers, smart TVs, tablets, phones, and personal computers are available with built-in Wi-Fi technology. These devices can connect to the internet with the help of wireless access point or wireless LAN (Local Area Network) and can provide control and monitoring of a system from a remote location. Wi-Fi chipsets usually operate in 2.4 gigahertz UHF (Ultra High Frequency) band and 5.8 gigahertz SHF (Super high frequency) band. Wi-Fi Alliance, comprising more than 375 organizations worldwide, establishes and enforces W...
Post a Comment
Read more

Keyless Entry System Market: Industry Outlook, Growth Prospects and Key Opportunities

Keyless entry system is technology that provides physical access to an individual inside any premises or automotive without the use of a mechanical key for performing the locking and unlocking operation. Keyless entry system provides an enhanced convenience and security to the users. In case of a keyless entry system, the users get secure and authorized access to an automotive or premise with the use of various external devices or gesture such as a keyless fob or a smart card, or by the use of their own voice, fingerprints or facial recognition among others. Owing to rapidly increasing adoption of smart technologies across various application sectors, keyless entry systems is increasingly installed among users especially in the transportation sector, government sector, banking financial services and insurance (BFSI) sectors and hospitality industry among others. The global Keyless Entry System market is anticipated to experience a robust growth during the forecast period from 2017 to...
Post a Comment
Read more

Automotive Leaf Spring Suspension Market - Business Strategies and Recent Development

Key priorities of automotive manufacturers include increasing operational performance, improving drivability, and ensuring the safe transport of cargo and passengers. Increasing acceptance of hybrid and electric vehicles and integration of smart and connected technologies have prompted manufacturers to focus on improving the power and drivetrain systems such as clutch, transmission, propeller shaft, axle, and leaf springs. Leaf springs are located between the wheels and the body of the vehicle. When the wheel passes over a bump, it rises and deflects the spring; thereby, storing the energy in the spring. On releasing, due to the elasticity of the spring, it rebounds thereby expanding the stored energy. Increase in demand for automobiles globally, is driving the leaf spring market. The leaf springs are primarily used in light, medium, and heavy-duty commercial vehicles such as pick-up trucks and vans. Some passenger car manufacturers rely on use of leaf spring technology for bet...
Post a Comment
Read more