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Global Smart Factory and Manufacturing Market Research Report: Forecast (2021-2026)

By Technology (AI (Artificial Intelligence), IIOT (Industrial Internet of Things), Cloud-based, Blockchain, others), By Application (Manufacturing, Logistics & Transportation, Reta......il, Storage, Maintenance, Protection from Cybercrime, Construction, Quality Control, Others), By Software Type (SCADA, HMI, PLC, DCS, Others), By Component (Sensors Smart Infrared Cameras, 3D sensors, Others, Controllers, Software Controllers, Drive Controllers, Heating Controllers, Others, Industrial Robots, (Traditional Robots (Articulated Robots, Cartesian Robot, Selective Compliance Assembly Robot Arm (SCARA), Cylindrical Robots, Other Robots), (Collaborative Robots), Others), By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa), By Competitors (IBM, Thales, BAE Systems PLC, Senseye, Oden, Aclima, Neiker-Tecnalia, Festo, Seimens, Upskill, Teska Labs, Sick AG, LMI Technologies, Oracle) Read more

ICT & Electronics
Jan 2022
Pages 276
Report Format: PDF, Excel, PPT

Market Definition

Smart factory & manufacturing is when an industry sets up an environment surrounding machines & equipment to enhance processes with automation & self-optimization. Smart factory & manufacturing solutions provide several benefits that extend to functions like supply chains logistics, planning, product development, etc. As a result, several manufacturing companies worldwide are swiftly adopting these solutions.

Market Insights

The Global Smart Factory and Manufacturing Market is projected to grow at a CAGR of around 9.7% during the forecast period, i.e., 2021-26. The market is driven primarily by the mounting demand for high-quality products with better end-to-end visibility of manufacturing processes entwined with the increasing adoption of smart factories & manufacturing solutions across industries associated with robotic systems.

In addition, with the increasing focus of manufacturers on reducing human labor, especially across challenging & risky environments, the demand for smart factories & manufacturing is increasing swiftly. Processes & operations like quality checks are observing an increasing transformation with greater availability of these smart factory systems equipped with more user-friendly controls, i.e., projected to boost the market in the coming years.

Besides, the advent of technologies like the Industrial Internet of Things (IIoT) & Artificial Intelligence (AI) in smart factory devices connected via the internet provides detailed & real-time insights. These insights are making modern-day control systems highly efficient in managing manufacturing units & factories.

Key Trends in the Market

Mounting Demand for Online 3D Printing & the Advent of Industrial Internet of Things (IIoT)

With rapid developments in the industrial sector and increasing inclination toward Industry 4.0 to bring operational & cost efficiency by linking customers with warehouses, providers, supplies, & systems to distribute products, the market is anticipated to observe a significant expansion in the coming years. These connections are projected to surge and facilitate digital technologies like 3D printing, Manufacturing Execution Systems (MES), & robotic automation and, in turn, drive the market during 2021-26.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR (2021-2026)	9.7%
Regions Covered	North America: USA, Canada, Mexico
	Europe: Germany, UK, France, Italy
	Asia-Pacific: China, India, Japan, South Korea
	South America: Brazil, and Argentina
	Middle East & Africa: GCC, South Africa
Key Companies Profiled	IBM, Thales, BAE Systems PLC, Senseye, Oden, Aclima, Neiker-Tecnalia, Festo, Seimens, Upskill, Teska Labs, Sick AG, LMI Technologies, Oracle
Unit Denominations	USD Million/Billion

Impact of Covid-19 on the Global Smart Factory and Manufacturing Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries across the globe, and the Smart Factory & Manufacturing Market was no exception. The imposition of stringent movement restrictions & lockdowns by the government of different countries worldwide to curb the spread of the dreadful disease resulted in several unprecedented challenges for the market.

These included the reduced shipment of smart factories & manufacturing components & low revenue generation due to disruptions in the supply chain, lack of production materials, shut down of manufacturing units, etc.

However, with the gradual betterment in the Covid-19 situation with reducing cases, the governments of different countries allowed the recommencement of business operations. This revival is anticipated to enable the market to regain its usual pace & recover from financial losses in the coming years since the supply chain is back on track & manufacturing units have resumed their production capabilities.

Introduction
1. Product Definition
2. Research Process
3. Market Segmentation
4. Assumptions
Preface
Executive Summary
Impact of COVID-19 on Global Smart Factory and Manufacturing Market
Impact of IOT & AI on Global Smart Factory and Manufacturing Market
Global Smart Factory and Manufacturing Market Trends & Insights
Global Smart Factory and Manufacturing Market Dynamics
1. Drivers
2. Challenges
3. Impact Analysis
Global Smart Factory and Manufacturing Market Hotspots & Opportunities
Global Smart Factory and Manufacturing Market Start-up Ecosystem, 2016-2021
1. Entrepreneurial Activity
2. Year On Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capital
  4. Others
Global Smart Factory and Manufacturing Market Value Chain Analysis
Global Smart Factory and Manufacturing Market Regulations & Policy
Global Smart Factory and Manufacturing Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Technology
    1. AI (Artificial Intelligence)
    2. IIOT (Industrial Internet of Things)
    3. Blockchain
    4. Others (5G, Augmented Reality, etc.)
  2. By Software Type
    1. SCADA
    2. HMI
    3. PLC
    4. DCS
    5. Others
  3. By Component
    1. Sensors
      1. Smart Infrared Cameras
      2. 3D sensors
      3. Others
    2. Controllers
      1. Software Controllers
      2. Drive Controllers
      3. Heating Controllers
      4. Others
    3. Industrial Robots
      1. Traditional Robots
        
        Articulated Robots
        
        Cartesian Robots
        
        Selective Compliance Assembly Robot Arm (SCARA)
        
        Cylindrical Robots
        
        Other Robots
      2. Collaborative Robots
    4. Others
  4. By Applications
    1. Manufacturing
    2. Designing
    3. Logistics Optimization
    4. Retail
    5. Inventory Governance
    6. Predictive Maintenance
    7. Protection from Cybercrime
    8. Construction
    9. Quality Control
    10. Others
By Region
1. North America
2. South America
3. Europe
4. Asia-Pacific
5. Middle East, and Africa
North America Smart Factory and Manufacturing Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Technology
  2. By Application
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
4. Canada Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
5. Mexico Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
South America Smart Factory and Manufacturing Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Technology
  2. By Application
  3. By Country
    1. Brazil
    2. Others
3. Brazil Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
4. Rest of South America Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
Europe Smart Factory and Manufacturing Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Technology
  2. By Application
  3. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Others
3. Germany Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
4. The UK Smart Factory and Manufacturing Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
5. Italy Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
6. France Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
7. Rest of Europe Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
Asia-Pacific Smart Factory and Manufacturing Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Technology
  2. By Application
  3. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Others
3. China Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
4. India Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
5. Japan Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
6. South Korea Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
Middle East & Africa Smart Factory and Manufacturing Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Technology
  2. By Application
  3. By Country
    1. GCC
    2. South Africa
    3. Others
3. GCC Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
4. South Africa Smart Factory and Manufacturing Market Analysis, 2016-2026F
  1. Market Size & Analysis
    1. By Revenues
  2. Market Share & Analysis
    1. By Technology
    2. By Application
Key Strategic Imperatives for Success and Growth
Competition Analysis
1. Competition Matrix
  1. Product/Solution Portfolio
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles
  1. IBM
  2. Thales
  3. BAE Systems PLC
  4. Senseye
  5. Oden
  6. Aclima
  7. Neiker-Tecnalia
  8. Festo
  9. Seimens
  10. Upskill
  11. Teska Labs
  12. Sick AG
  13. LMI Technologies
  14. Oracle
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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