The global Smart Factory Market will be worth USD 309.67 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of intelligent technologies across all major industries, including food & beverage, petrochemicals, mining, and manufacturing. Increasing demand for energy efficiency and technological advancements of the sensors is expected to drive the smart factory market's growth. The rising need to eliminate human & machine errors enhanced asset efficiency and production quality has increased the adoption of digitized supply chain management solutions. Assurance of labor wellness, improved operational efficiencies, enhanced efficiency of the manufacturing processes, and reduction in the operational and manufacturing cost are the factors driving the demand for smart farming technologies.
Global Smart Factory Market Research Report and Forecast to 2027 is an investigative report providing an extensive study of the global Smart Factory market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Smart Factory market on the global and regional scale, along with a thorough forecast estimation to 2027. The new report is updated with the impact of the COVID-19 pandemic on the Smart Factory market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Smart Factory market.
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Key Highlights From The Report
In May 2019, ABB and the Vietnamese Ministry of Science and Technology (MoST) exchanged a Letter of Intent (LOI) in Stockholm, Sweden. The LOI was exchanged to accelerate the realization of smart manufacturing in Vietnam.
Industrial Robotics held the largest market share of 36.9% in 2019. The increasing adoption of industrial robotics across all the major industries, including manufacturing, petrochemicals, energy, automotive, food & beverages, and mining, is expected to drive the segment's growth.
Manufacturing Execution System (MES) is forecasted to grow with the fastest CAGR of 11.6% over the forecast period. The growing need to track the business operations and movements & locations of the raw materials with the help of real-time data analysis is expected to drive the growth of the manufacturing execution system (MES).
The discrete industries segment held the largest market share of the Smart Factory in 2019 due to the increasing adoption of industrial robots by the automobile manufacturing industry.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the presence of major market players such as Yokogawa, Mitsubishi electric, and Fanuc in the region.
Key participants include ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, FANUC, Yokogawa Electric, and Emerson Electric, among others.
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Component Outlook (Revenue, USD Billion; 2017-2027)
Industrial Robotics (Articulated robots, Cylindrical robots, Cartesian robots, SCARA robots, Collaborative robots)
Industrial 3D printing
Sensors
Control Devices (Relays, switches, motors, and drives)
Industrial network (Wired networks, wireless networks, RFID systems)
Machine Vision (Cameras, Software, and Processor, Frame grabbers)
Solution Outlook (Revenue, USD Billion; 2017-2027)
Programmable Logic Controller (PLC)
Product Life Cycle Management (PLM)
Manufacturing Execution System (MES)
Distributed Control System (DCS)
Plant Asset Management (PAM)
Enterprise Resource Planning (ERP)
Supervisory Control and Data Acquisition (SCADA)
Human-Machine Interface (HMI)
Industry Outlook (Revenue, USD Billion; 2017-2027)
Process Industries (Oil & Gas, Food & Beverage, Power, Chemicals, Pharmaceuticals, Metals & Mining)
Discrete Industries (Semiconductor & Electronics, Aerospace & Defense, Automotive)
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Smart Factory Market Definition
1.2. Smart Factory Market Research Scope
1.3. Smart Factory Market Methodology
1.4. Smart Factory Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Smart Factory Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Factory Market Segmentation & Impact Analysis
Continued…
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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If you have not been living on a deserted island in all these years you must have heard about the cloud computing services and solutions. Thanks to cloud our IT environment became agile. Thanks to cloud businesses can easily adapt to new technologies and solutions without really adding to the bottom line cost. Thanks to cloud maintaining a mobile workforce with anytime-anywhere accessibility of business contents and operation became easier than ever. In one line to describe without cloud modern business environments and emerging technology solutions are unthinkable. But even now many businesses do not understand what cloud computing can do for their growth and stability. This is why we encounter so many myths about cloud computing.
Here we have picked 7 most common and persistent myths about cloud computing.
This modern approach is used by manufacturing sectors with the help of a PC-based automation.
Additionally, open source systems for industrial automation are gradually gaining popularity among manufacturing sectors, machine builders, and Original Equipment Manufacturers (OEM).
The implementation of open source systems in automation is considered a competitive advantage, which is able to develop new features, flexibilities, and possibilities.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5717However, high installation cost associated with automated solutions are anticipated to be a hindering factor for the growth of the market, over the forecast period.Key Players:Some of the key players of Covid-19 Impact on PC Based Automation Market include General Electric (U.S.), Honeywell International (U.S.), Beckhoff Automation (Germany), Emerson Electric (U.S.), Mitsubishi Electric (Japan), OMRON Corporation (Japan), Robert Bosch (Germany), IDEC (Japan), Schneider Electric (France), Siemens (Germany),Kontron S (Germany), ABB (Switzerland), Advantech (Japan), Rockwell Automation (U.S.), and Yokogawa Electric (Japan)PC-based automation market is segmented into offering, component, and industry verticals.By offering, the market is categorized into hardware, software, and services.
The service sub-segment comprises professional and managed services.
Professional services include consulting services, software development, design & implementation, maintenance & support, installation & training, and others.By components, the market is sub-categorized into Human-Machine Interface (HMI), Programmable Logic Controller (PLCs), distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), industrial PCs, and others.
Additionally, PLCs are constantly developing sophisticated features, such as high speed, scalability, high expandable memory, and greater programming flexibility.
Industrial Controllers Market The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Industrial Controllers Market.
The global industrial controller market has been segmented based on type, control, application, and region.By type, the market has been segmented into programmable logic control (PLC), distributed control system (DCS), and supervisory control and data acquisition (SCADA).
PLCs are also capable of handling complicated logic operations and facilitating fault diagnostics.
The various functions of PLCs are driving their use in industries such as chemicals, cement, food, and paper.
Industrial controllers help each industry to reduce cost, improve quality and efficiency, increase worker safety and make manufacturing processes better.
Among these, the oil & gas segment dominated the market by application.
Industrial Controllers MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Industrial Controllers Market.
The global industrial controller market has been segmented based on type, control, application, and region.By type, the market has been segmented into programmable logic control (PLC), distributed control system (DCS), and supervisory control and data acquisition (SCADA).
PLCs are also capable of handling complicated logic operations and facilitating fault diagnostics.
The various functions of PLCs are driving their use in industries such as chemicals, cement, food, and paper.
Industrial controllers help each industry to reduce cost, improve quality and efficiency, increase worker safety and make manufacturing processes better.
Among these, the oil & gas segment dominated the market by application.
The global optical communication and networking equipment market size was valued at USD 18.9 billion in 2020 and is projected to reach USD 27.8 billion by 2025; it is growing at a CAGR of 8.0% from 2020 to 2025.
Rising adoption of cloud-based services and virtualization services all over the world, increasing data traffic due to increased internet usage, and growing number of data centers are the factors driving the optical communication and networking equipment industry growth.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227693036WDM technology to dominate the Optical Communication and Networking Equipment MarketWDM technology-based optical communication and networking equipment accounted for the largest market share in 2019 The development of ROADM-based WDM networking solutions is one of the emerging trends in the global optical networking and communications market.
Manufacturers are investing huge capital in building WDM ROADM-based optical equipment so that they can provide faster and higher transmission capacity networks to their customers.
Therefore, WDM technology is expected to continue to hold the largest market share during the forecast period.The market of greater than 100 Gbps data rate to grow at highest CAGR during the forecast periodThe market for optical communication and networking equipment with greater than 100 Gbps data rate is projected to grow at the highest CAGR during the forecast period.
With the rapid development of 5G and high-performance services brought by cloud networks, the demand for higher bandwidth devices with a data rate of greater than 100 Gbps is expected to grow during the forecast period.
Optical communication and networking devices with greater than 100 Gbps data rates are designed for providing data security in high-capacity broadband networks, short-haul enterprise and campus networks, high-bandwidth connectivity for DCI and cloud computing, and metro and long-haul network applications up to 2,500 km.The optical communication and networking equipment market in APAC to grow at the highest CAGR during the forecast periodAPAC is projected to hold the largest share of the market, in terms of value, during the forecast period, Asia Pacific is a major hub for consumer electronics, automotive, and industrial verticals.
The research on the Global Industrial Communication market presents insight on the market size, competitors analysis, key market segments, and current industrial trends and market dynamics.
This research report presents current and future market sizing and competitive landscape of industry.
It also offers in-depth analysis of market dynamics which include growth drivers, restraints, opportunity, and industry trends.
This report also covers several other major insights including the macro-economic indicators and developments and product launches over the past years.
This report offers a detailed overview of supply chain and value chain analysis of Industrial Communication market.
Click here @ https://www.kdmarketinsights.com/product/6894/industrial-communication-marketMarket Segmentation:The market is analyzed into segments and presented with respect to following sub-markets:By Offering:ComponentsSwitchesGatewaysPower Supply DevicesRouters Controllers and connectorsCommunication interface & convertorOthersSoftwareServicesBy Component:SoftwareHardwareServicesBy Communication Protocol:FieldbusPROFIBUSModbusCC-LinkOthersIndustrial EthernetProfinetEtherNet/IPEtherCATModbus-TCPOthersWirelessWLANBluetoothISA100.11aCellularOthersBy End-use Application:AutomotiveElectrical & ElectronicsAerospace & DefenseOil & GasWater & WastewaterFood & BeveragesPharmaceuticalsEnergy & PowerMining & MetalsChemicals & FertilizersEngineering/FabricationOthersRegional Viewpoint:In the terms of region, the global Industrial Communication market is analyzed into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
