 Global Smart Factory Market Growth 2019-2024
      Global Smart Factory Market Growth 2019-2024Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.
Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.
North America was the largest market with a market share of 29.09% in 2012 and 26.56% in 2017 with an increase of 2.53%. Europe and China ranked the second and third markets with the market share of 26.50% and 18.92% in 2016.
The smart factory market has been increased in accordance with the development of whole economy, technology and emerging application and the whole world response to the industry 4.0. What is more, continuous advancement in machine intelligence and internet is expected to bring about a fourth industrial revolution, expected to offer a wide range of benefits, including greater efficiency, flexibility, and safety. So, we will see a fast growth rate of the market. What more, there are some problems to be solved ahead, such as the whole supply chain, the whole eco-system, the fierce competition, the high cost, the international standard and so on.
The vendors are better find their own characteristics, improve product and service quality, including the software and hardware, as well as the services, pay attention to all of the supply chain and eco-system and good brand communication. Following the market trends, access to greater competitive advantage, concerning more on their customer experience and services to get a bigger market share.
According to this study, over the next five years the Smart Factory market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smart Factory business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Factory market by product type, application, key manufacturers and key regions and countries.
This study considers the Smart Factory value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Process Manufacturing
    Discrete Manufacturing
    Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Automobile and Transportation
    Food and Beverage
    Electrical and Electronics
    Chemical and Material
    Oil and Gas
    Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    Siemens AG
    ABB Ltd.
    Honeywell International, Inc.
    Yokogawa Electric Corp.
    General Electric Company
    Emerson Electric Company
    Schnieder Electric
    Atos SE
    Rockwell Automation Inc.
    Robert Bosch GmbH
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global Smart Factory consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Smart Factory market by identifying its various subsegments.
    Focuses on the key global Smart Factory manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Smart Factory with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Smart Factory submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on  Smart Factory . Industry analysis & Market Report on  Smart Factory  is a syndicated market report, published as Global Smart Factory Market Growth 2019-2024. It is complete Research Study and Industry Analysis of  Smart Factory  market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.