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

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more

Mobile Security Software Market is Projected to be Fueled by Rapid Technological Advancements

Major drivers of the mobile security market are antivirus, e-mail spam blocking, and malware removal. Technological development in mobile security software and substantial research in this industry are contributing to the growth of this market. Today mobile phones are used as multipurpose devices, their exposure to various online and offline threats have increased significantly thus the need of MSS is rising day by day. This market is expected to witness tremendous growth in the coming years with the increasing number of mobile users and increasing awareness for mobile security. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=304 General lack of awareness about mobile vulnerability and increase in mobile malware is driving the emerging yet dynamic market of mobile security products. This market is mainly driven by business concerns for protecting corporate assets and information, and being vulnerable to various...
Post a Comment
Read more