Smart factory is
vastly digitalized & connected manufacture facility that relies on smart
manufacturing. It is a combination of high-tech tools & high-tech workers
and provides greater intelligence, creates an overall cognitive &
self-healing system and serves to decentralize manufacturing. It also offers
real-time quality & time benefits leading to Manufacturing Execution
Systems (MES), data models and factory-specific templates for rapid usage. Some
of the other important benefits are production & remote maintenance,
virtual planning of product, reduce workforce challenges, seamless digital
network, decentralized control of production, enhanced productivity,
integration of IT systems & analytics, and significant cost reduction.
According to
study, “Global Smart Factory Market Size
study, by Type (Process Manufacturing, Discrete Manufacturing, Others), by
End-Use (Automobile and Transportation, Food & Beverage, Electrical &
Electronics, Chemical & Material, Oil & Gas, Others) and Regional
Forecasts 2018-2025”
the key companies currently operating in the global smart factory market are Siemens
AG, Honeywell International Inc., ASEA BROWN BOVERI (ABB) Ltd., General
Electric Company, Ubisense Group Plc., Yokogawa Electric Corp., Mitsubishi
Electric Corp., Atos SE, Emerson Electric Company, Smart Factory Solutions, Swisslog
Holding AG, ATOS SE, Microsoft, Rockwell Automation Inc., Kuka Aktiengesellschaft,
Yokogawa Electric Corporation, Flutura, CMC Associates, Invensys PLC, Robert
Bosch GmbH, Fanuc Corp., Schnieder Electric, Konux Inc., Johnson Controls Inc.,
Worximity Technology Inc., Apriso Corp., Robert Bosch GmbH, Honeywell International,
Inc., Oracle Corporation, Cognex Corporation, IBM Corporation.
Based on the
component, global smart factory market is segmented into industrial robots,
industrial 3D printing, communication technology (wired & wireless),
camera, sensors and machine vision systems. Industrial robots include
cylindrical, articulated, collaborative robots, Cartesian robots, delta robots,
gantry robots, parallel robots and scara & Cartesian robot. Camera is
further sub-segmented into smart cameras, digital camera, processor &
software and frame grabbers or optics & led Lighting. Based on type, market
is segmented into discrete manufacturing, process manufacturing and others.
Based on technology, market is separated into industrial control system, Manufacturing
Execution System (MES), Product Life Cycle Management (PLM), supervisory
control and data acquisition system (SCADA), Human Machine Interface (HMI),
Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant
Asset Management (PAM), industrial logistics, and Enterprise Resource Planning
(ERP). Based on the field devices, market is segmented into industrial
robotics, control devices, articulated robots, industrial network and others. Use
of control device is further sub-segmented into relays, motors, switched and
drives. Industrial devices sub-segment into wired network, RFID systems, and
wireless network.
The global smart
factory is primarily driven by rising industry digitalization, increase
practice for advanced base for manufacturing, growing demand across end use
industries, rising focus on power or energy consumption & manufacturing
efficiency and favorable government support. The major aspects which limit the
market include lack of standardization & interoperability, high cost of
installation, sensitivity of cyber-physical security threat and shortage of
skilled workforce. In addition, ongoing development in field of collaborative
robots is a big opportunity for market.
North America holds
the prominent share due to rise in adoption of the automotive sector.
Asia-Pacific is expected to register a higher CAGR owing to emerging industrial
sector and stringent government regulation in the region.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
