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Global Smart Factory Market to Reach $294.9 Billion by 2030: Emphasis on Gaining Competitive Edge Steers IIoT Adoption
[July 10, 2023]

Global Smart Factory Market to Reach $294.9 Billion by 2030: Emphasis on Gaining Competitive Edge Steers IIoT Adoption

DUBLIN, July 10, 2023 /PRNewswire/ -- The "Smart Factory: Global Strategic Business Report" report has been added to's offering.

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The global market for Smart Factory estimated at US$152.2 Billion in the year 2022, is projected to reach a revised size of US$294.9 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030.

Control Equipment & Software, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$127.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Reporting & Analysis Software segment is readjusted to a revised 10% CAGR for the next 8-year period.

The U.S. Market is Estimated at $30.1 Billion, While China is Forecast to Grow at 9.9% CAGR

The Smart Factory market in the U.S. is estimated at US$30.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$62.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Select Competitors (Total 209 Featured) -

  • ABB Ltd.
  • Accenture Plc
  • Atos SE
  • ATS International B.V.
  • Autodesk Inc.
  • Bosch.IO GmbH
  • Cisco Systems, Inc.
  • Dassault Systemes
  • Emerson Electric Co.
  • FANUC Corporation
  • Fraunhofer IAO
  • General Electric Company
  • Honeywell International Inc.
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Infosys Ltd.
  • Intel Corporation
  • Johnson Controls International Plc
  • Keyence Corporation
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • OMRON Corporation Industrial Automation Company
  • Oracle Corporation
  • PTC, Inc.
  • Rockwell Automation, Inc.
  • SAP SE
  • Schneider Electric SE
  • Siemens AG
  • Siemens EDA
  • Telefonaktiebolaget L. M. Ericsson
  • Wipro Limited
  • YASKAWA Electric Corp.
  • Yaskawa Motoman
  • Yokogawa Electric Corporation

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19: As 2020 Draws to a Close, It Has Been a Year of Astounding Disruption
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Industrial Activity Remains Subdued, Inducing Weakness into Smart Factory Market
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • With High Smartness Quotient, Smart Factory Emerges as Apt Choice amid COVID-19
  • COVID-19 Pandemic Presents Unlikely Opportunity for Smart Factory
  • COVID-19 Impact Accelerates Shift towards Digitization
  • Smart Factory and Industry 4.0 Overview
  • Smart Factory: A Prelude
  • System Architecture of Smart Factory
  • Structure of Automation Systems for Smart Factory
  • Smart Factory Solutions by Type
  • Industry 4.0: An Evolutionary Scan
  • Industry 4.0: Convergence of Cyber Physical Systems (CPS), Internet of Things (IoT) and Internet of Services (IoS)
  • Smart Factory: Enabling the Digital Journey to Responsive, Flexible, Adaptive, and Fully Connected Manufacturing
  • Scarcity of Skilled Workforce and Aging Personnel Drive Market Demand
  • Industry 4.0: Manufacturing Industry Set for the Fourth Industrial Revolution
  • Primary Elements of Smart Factory Platforms in a Nutshell
  • Notable Technology Trends in Smart Factory Summarized
  • Technologies Causing Disruptions to Traditional Manufacturing Practices: Key Growth Enablers for Smart Factory/Industry 4.0
  • Importance of Various Technology Enablers in Achieving Industry 4.0 Value Driver
  • Inherent Advantages Offered by Smart Factory and Growing Investments in Manufacturing Technology to Provide Perfect Platform for Market Penetration
  • The Urgent Need to Curtail De-Industrialization to Drive Healthy Demand for Smart Factory Solutions in Developed Countries
  • Manufacturers in Developed Countries to Enhance Productivity by Deploying Disruptive Technologies
  • Smart Factory Market Turns into Sizeable Corpus with Increasing Investments in Automation Solutions: Global Outlook
  • Prominent Factors Influencing the Smart Factory Market
  • Primary Drivers & Restraints
  • Automotive Industry to Spearhead Market Growth
  • World Smart Factory Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Automotive, Oil & Gas, Aerospace & Defense, Electronics, Industrial Equipment, and Other End-Uses
  • Regional Analysis North America Occupies Major Revenue Stake & Remains Primary Cluster for Smart Factory Activity
  • Global Smart Factory Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, USA, Latin America, Europe, Rest of World, Japan, and Canada
  • Competitive Landscape
  • Digital Majors and Startups Tussle to Gain over Established Manufacturers
  • Siemens Dominates the Global Factory Automation Market
  • Leading Factory Automation Companies Worldwide (2019E): Percentage Share Breakdown for ABB, Fanuc, KUKA, Mitsubishi Electric, Rockwell, Schneider, Siemens, and Others
  • Industrial Robots: Market Leaders
  • Leading Players in the Global Industrial Robots Market (2019): Percentage Volume Breakdown for ABB, Fanuc, Kaasaki, KUKA, Nachi, Yaskawa, and Others
  • Competition in the PLM Software Market
  • Product Lifecycle Management (PLM) Software Competitor Market Share Scenario Worldwide (in %): 2019
  • Recent Market Activity
  • Select Innovations
  • Smart Factory - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Pivotal Role of Smart Factory Solutions in the Evolution of the Digitized Intelligent Factories of the Future
  • Intelligent, Digitized & Automated Smart Factories to Transform the Manufacturing Industry
  • Digital Factory Technologies for Improved Manufacturing Cell Design and Robotic Automation
  • Intelligent Factories Provide Manufacturers New Business Opportunities
  • Intelligent Factory Positively Impact Changes in Workforce Deployment
  • Intelligent Factories Make Unplanned Downtime a Thing of the Past
  • Intelligent Factories are Secured against Enhanced Threat Levels
  • Intelligent Factories Enable Connected Supply Chain
  • Technologies that Transform Traditional Factories into Intelligent Factories
  • Fast Evolving Role of Industrial IoT Augurs Well for Future Expansion
  • Industrial IoT: The Most Critical Technology for Industry 4.0 Transformation
  • How Can IoT Meet the Needs of the Manufacturing Industry?
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Industrial IoT Enables Transition to Intelligent Factories
  • Discrete Manufacturers Experiment with IoT Implementations
  • IoT Set to Revolutionize the Supply Chain
  • Essential IoT-based Digital Initiatives for Successful Transition of Manufacturers to Industry 4.0
  • Emphasis on Gaining Competitive Edge Steers IIoT Adoption
  • Machine Monitoring: The Most Common Way to Implement IIoT in Machine Shops
  • Real-time Simulations: A Promising Technology Connecting Human, Machine, and Products in Smart Manufacturing
  • M2M Communication: Essential for Seamless Connectivity between Multiple IoT Devices
  • Need to Upgrade Existing Factories Offers Huge Untapped Market Growth Potential
  • Aging Workforce & Shortage of Skilled Labor Aggravates the Woes of Old Factories
  • Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
  • Digital Talent: Need of the Hour for Digital Transition of Industrial Processes
  • The Promise of Smart Factory in Ensuring Supply Chain Resilience Widens the Business Case
  • AI for the 'Smart' Factor in Future Manufacturing Facilities
  • Global Market for AI in Manufacturing (In US$ Million) for the Years 2018, 2022 and 2024
  • Steady Adoption of Sophisticated Connectivity Solutions Lends Traction to Market Growth
  • Mobile Technologies Enable Real-time Data Capture & Access for Creating Connected Production Environment
  • Growing Use of Mobile Devices & Mobile Apps in Manufacturing Environments
  • Overhaul of Existing Network Technologies: Essential for Industry 4.0
  • 5G: A Network Technology with Enormous Potential to Drive Adoption of Industry 4.0
  • Big Data and Cloud Computing: The New ICT Frontiers for Industry 4.0 Implementations
  • Analytics: Critical for Making Sense of Data Deluge Resulting from the Transition to Smart Manufacturing
  • Using Data for Enhanced Decision Making
  • Smart Manufacturing: Major Application Area for Big Data Enabled Market
  • Manufacturing-as-a-Service: An Apt Answer to the Growing Needs for Mass Customization
  • Rising Need to Integrate Physical, Networking and Computation Processes Drive Demand for Cyber-Physical Systems
  • Machine Tools: Promising Cyber Physical Systems
  • Decentralized Model and BlockChain Enhances Continuous, Rapid Manufacturing
  • Augmented Reality: Facilitating Industry 4.0 in a Fast, Interactive, and Reliable Way
  • Industry 4.0 to Create Need for Mobile AR in Manufacturing Sector
  • Enterprise Mobility, BYOD and CYOD to Drive Adoption of Mobile AR and Smart Wearables in Production Plants
  • First-Person View (FPV) Communications Significantly Reduce Personnel Overheads
  • Inspection, Maintenance & Repair of Production Floor Machinery: The 'Hands-Free View' Attribute of Smart AR Glasses
  • The Vital Nature of Automated Material Handling in Industry 4.0 Spurs Market Demand
  • Autonomous Vehicles: The Future of Material Handling Automation
  • Self-Driving Vehicles to Transform Logistics Marketplace
  • Advanced Robotics Impacts Automated Material Handling Equipment
  • MES/MOM Systems: A Competing or Complimentary Technology to Smart Manufacturing?
  • Manufacturing Execution System (MES): A Vital Cog in the Digitized Manufacturing Industry
  • Supervisory Control and Data Acquisition (SCADA): The Backbone of the Smart Manufacturing Industry
  • Complexity of Modern Industrial Processes Provides a Business Case for SCADA
  • Smart & Intelligent Sensors: Basic Building Blocks of Smart Factory
  • Sensor Manufacturers Enhance Capabilities to Meet Turnkey Solutions Demand of Manufacturers
  • Myriad Benefits of Robots in Various Processes and Applications to Make the Fourth Industrial Revolution a Reality
  • Growing Installations of Robots across Industrialized Countries Boost Market Prospects
  • Global Spending on Robotics by Sector (2000, 2015 & 2025)
  • Global Industrial Robots Market by End-use Industry (2020): Percentage Breakdown of Annual Volume Supply Automotive; Chemical, Rubber & Plastic Processing; Electronics and Communication; Food; Metal Products, and Others
  • Leading Automated Countries Worldwide: Number of Industrial Robots Installed per 10,000 employees by Country (2016 - Historic Data)
  • Growing Automation Rapidly Change Manufacturing Sector Landscape
  • 3D Printing Revolutionizes Manufacturing with Improved Productivity & Competitiveness, Bodes Well for the Market
  • How 3D Printing Gains Over Commercial Manufacturing
  • Global Market for 3D Printing by Application (2020): Percentage Breakdown by Application Area for Assembly Line, Education & Research, Functional Parts, Metal Casting Patterns, Models for Presentation, Prototype Tooling Patterns, Visual Aids and Others
  • Additive Manufacturing (AM): Applications Timeline
  • Rapid Manufacturing or DDM: Emerging Application of 3D Printing
  • Additive Manufacturing of Metal Parts: An Evolving Market
  • Mass Customization Represent the Key to Growth
  • 3D Printing: Can it Completely Replace Conventional Manufacturing?
  • Favorable Regulations and Standards Promote Adoption of Smart Factory Solutions on Factory Floors
  • Standardization of Technologies: Critical for Smart Manufacturing Implementations
  • Open Platform to Facilitate Migration towards Smart Manufacturing
  • Industry 4.0/Smart Manufacturing: Key Issues & Challenges
  • Huge Investments & Complex Networks
  • Lack of Standardization & Privacy Concerns
  • Cyber Security: A Major Risk of Industry 4.0
  • Loss of Employment Opportunities
  • Solutions to Resolve Technical Challenges Facing Establishment of Smart Factories
  • End-Use Application Sectors: Trends & Drivers
  • Ushering the Era of Smart Automotive Factories
  • World Automobile Production in Million Units: 2008-2022
  • Automotive OEMs Spearhead Smart Factory Initiatives
  • Auto Industry: Pioneering Smart Factory Solutions Adoption
  • Automotive Production Moves towards Energy Efficiency through Industry 4.0 Solutions
  • Anticipated Resurgence in Demand Will Continue to Shape Market Interest in the Oil & Gas Sector
  • Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • Industry 4.0 Presents Attractive Opportunity for the Industrial Equipment Sector
  • Relevance in Aerospace & Defense Applications
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Adoption of Industry 4.0 Inevitable for Food & Beverage Manufacturers for Driving Efficiencies
  • Beer Brewing Industry: Another Important Industry Set to Adopt Industry 4.0
  • Digitization in Beer Brewing Industry
  • Innovations and Advancements
  • Autonomous Robots: Powering the Factory of the Future
  • Collaborative Robots to Work Hand-in-Glove with Humans in Smart Factories
  • Digital Twin: The Next-Gen Manufacturing Software for Industry 4.0
  • Edge Computing Seeks Role in Smart Factory
  • Exosuits: Safety Standard for Workers in Dangerous Factory Jobs
  • Siemens' Totally Integrated Automation (TIA) & Digital Enterprise Platform
  • GE's Transformational Real-time Operational Intelligence
  • FlexSim Simulation Technology
  • genua's Cyber-Diode for Improved IT Security in Smart Factory Environments
  • Baxter Robot: The Worker's Friend
  • HARTING's Solutions for Integrated Industry
  • SmartFactoryOWL: An Integrated System for Needs-Oriented Assembly Operations
  • Asseco's APplus ERP II Solutions for SMEs
  • BOGE airstatus Remote Diagnostics Tool
  • Huawei's Smart and Connected Industrial Network Solution
  • Flexible Conveyor Matrix Enables Networked & Cognitive Production
  • M&M Cloud-based Service Platform Aids Continual Condition Monitoring
  • ORBIS MPS for Transparency of Processes in Production & Intralogistics Areas
  • Programmable Automation Controller (PAC): Combining PLC Features with Real-Time Motion Control
  • Schaeffler Develops New Torque Sensor Technology
  • SICK IO-Link Sensors Provide Better Capabilities to Packaging Machines
  • Trebing + Himstedt Develop Self-Organized Capacity Management System
  • Openmatics Develops ZF Logistics Tag based on BLE Technology
  • Notable AR Innovations in Digital Manufacturing
  • Noteworthy Adoptions and Implementations
  • Audi's Smart Factory
  • Nokia Digital Factory to Leverage 5G and Cobots for Complete Automation
  • Foxconn Uses CNC Machines
  • BMW Group Implements Industry 4.0
  • FirstBuild's Internet-enabled Refrigerator with 3D-Printed Accessories
  • Weidmuller Chooses Smart Technology for Regulating Fluctuations in Production
  • ARBURG Employs Industrie 4.0 for Production of Individualized Products
  • Bosch Rexroth Adopts Industrie 4.0 Concepts
  • ebm-papst Benefits from Digitalization of Production Processes
  • Siemens & Festo Collaborate for Innovative Multi-Carrier-System
  • KUKA's Robot Provides Flexibility to Siemens Lead Factory for Electric Motors
  • Sigma Air Manager 2 Master Controller Enables Intelligent Use of Compressed Air
  • KSB's Digital Pump Solutions: Improving Production Functions & Services
  • Schwering & Hasse Uses proALPHA Software for Automated Analysis of Production Data
  • Eickhoff Wind Power Implements PROXIA Software for Seamless Production Monitoring
  • Other Noteworthy Smart Factory/Industry 4.0 Adoptions & Implementations
  • Industry 4.0 Enabling Technologies Adoption by 20 Global Players in a Nutshell: Company Name, Enabling Technology, and Industry 4.0 Initiative




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