Smart Factory Market By Component (Industrial Robots, Machine Vision, Industrial IoT, Industrial Additive Manufacturing), By Solution (Product Life Cycle Management, Programmable Logic Control, Enterprise Resource Planning, Distributed Control System, Human-Machine Interface, Plant Asset Management), By Application (Automotive, Aerospace & Defense, Food & Beverages, Chemical, Pharmaceuticals, Energy & Utility, Mining, Others) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

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Increasing Digitalization in Manufacturing Facilities Drives the Smart Factory Market.

Globally, the smart factory market is expected to grow at a CAGR of 9.5% during the forecast period from 2019 to 2027. The growth of the market is driven by the increasing digitalization of manufacturing facilities. The overall manufacturing industry has gone through a phase of digital disruption over the past decade due to increasing competition among companies and advancements in globalization.

The market dynamics are changing, and the demand for customized products is increasing. As a result, the product lifecycle is getting shorter due to the greater variety of variants. This has led to a shorter planning horizon and smaller batch sizes. Manufacturers are turning to advanced technology solutions such as automation, robotics, additive manufacturing, and the Internet of Things (IoT) to address these challenges.

These solutions assist manufacturers in creating an intelligent and self-controlled production network, which can be optimized with increased flexibility to enhance operational performance. However, there are still some factors that are holding back the growth of the smart factory market.

The primary reasons organizations are hesitant to integrate technology solutions are data safety and security concerns associated with the use of digital products and solutions. Moreover, the capital costs associated with the implementation of new technology and the lack of skilled professionals are also hindering its adoption in the market.

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Market Synopsis

During the forecast period, aerospace and defense are expected to grow significantly.

The smart factory market is segmented on its application into the automotive, aerospace & defense, food & beverage, electronics & electrical, pharmaceuticals, chemical, mining, and energy & utility sectors. The aerospace and defense sector is estimated to grow at a CAGR of more than 10.2% during the forecast period.

The growth of the market is driven by the rising need among organizations to reduce the cost of operations and gain business agility. Furthermore, the increasing digitalization across the industry is also augmenting the growth of the market. On the other hand, the food and beverage industry is also estimated to gain significant market share due to the rapid automation within the industry vertical.

Europe Is Leading the Smart Factory Market

Europe dominated the smart factory market with over 37% of the revenue in 2018. The market is driven by the increasing implementation of the Industry 4.0 revolution in the region. The governments of European countries are investing significantly in order to escalate digitalization among the market players. Subsequently, Europe would continue leading the market through the forecast period. Further, Asia Pacific is estimated to demonstrate the highest CAGR during the forecast period.

The prominent players in the smart factory market are ABB Ltd., Emerson Electric, FANUC, General Electric, Honeywell International, Mitsubishi Electric, Robert Bosch, Rockwell Automation, Schneider Electric, Siemens, and Yokogawa Electric.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The smart factory market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global smart factory market based on components, solutions, applications, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the smart factory market in 2018, and what are the projections for 2027?
  • Which is the largest regional market for smart factory solutions?
  • What are the major trends followed in the smart factory market across different regions?
  • Who are the key companies in the smart factory market?
  • What are the key strategies adopted by the leading smart factory companies on the market?

This report’s distinct data points

  • Statistics on smart factories and spending worldwide
  • Recent trends across different regions in terms of the adoption of smart factories across industries
  • Notable developments are going on in the industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global SF Market
2.1.1 Global SF Market, by Component , 2018 (US$ Mn)
2.1.2 Global SF Market, by Solution, 2018 (US$ Mn)
2.1.3 Global SF Market, by Application, 2018 (US$ Mn)
2.1.4 Global SF Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key SF Vendors, 2018

Chapter 4 Global Smart Factory (SF) Market, By Component
4.1 Overview
4.1.1 Global SF Market Value Share, by Component, 2018 & 2027 (Value, %)
4.2 Industrial Robots
4.2.1 Global SF Market Value from Industrial Robots, 2017 – 2027(US$ Mn)
4.3 Machine Vision
4.3.1 Global SF Market Value from Machine Vision, 2017 – 2027(US$ Mn)
4.4 Industrial IoT
4.4.1 Global SF Market Value from Industrial IoT, 2017 – 2027(US$ Mn)
4.5 Industrial Additive Manufacturing
4.5.1 Global SF Market Value from Industrial Additive Manufacturing, 2017 – 2027(US$ Mn)

Chapter 5 Global Smart Factory (SF) Market, by Solution
5.1 Overview
5.1.1 Global SF Market Value Share, by Technology, 2018 & 2027 (Value, %)
5.2 Product Life Cycle Management (PLM)
5.2.1 Global SF Market Value from Product Life Cycle Management (PLM), 2017 – 2027(US$ Mn)
5.3 Manufacturing Execution System (MES)
5.3.1 Global SF Market Value from Manufacturing Execution System (MES), 2017 – 2027(US$ Mn)
5.4 Programmable Logic Control (PLC)
5.4.1 Global SF Market Value from Programmable Logic Control (PLC), 2017 – 2027(US$ Mn)
5.5 Supervisory Control and Data Acquisition (SCADA)
5.5.1 Global SF Market Value from Supervisory Control and Data Acquisition (SCADA), 2017 – 2027(US$ Mn)
5.6 Enterprise Resource Planning (ERP)
5.6.1 Global SF Market Value from Enterprise Resource Planning (ERP), 2017 – 2027(US$ Mn)
5.7 Distributed Control System (DCS)
5.7.1 Global SF Market Value from Distributed Control System (DCS), 2017 – 2027(US$ Mn)
5.8 Human-Machine Interface (HMI)
5.8.1 Global SF Market Value from Human-Machine Interface (HMI), 2017 – 2027(US$ Mn)
5.9 Plant Asset Management (PAM)
5.9.1 Global SF Market Value from Plant Asset Management (PAM), 2017 – 2027(US$ Mn)

Chapter 6 Global Smart Factory (SF) Market, by Application
6.1 Overview
6.1.1 Global SF Market Value Share, by Application, 2018 & 2027 (Value, %)
6.2 Automotive
6.2.1 Global SF Market Value from Automotive, 2017 – 2027(US$ Mn)
6.3 Aerospace & Defense
6.3.1 Global SF Market Value from Aerospace & Defense, 2017 – 2027(US$ Mn)
6.4 Food & Beverages
6.4.1 Global SF Market Value from Food & Beverages, 2017 – 2027(US$ Mn)
6.5 Electronics & Electrical
6.5.1 Global SF Market Value from Electronics & Electrical, 2017 – 2027(US$ Mn)
6.6 Chemical
6.6.1 Global SF Market Value from Chemical, 2017 – 2027(US$ Mn)
6.7 Pharmaceuticals
6.7.1 Global SF Market Value from Pharmaceuticals, 2017 – 2027(US$ Mn)
6.8 Energy & Utility
6.8.1 Global SF Market Value from Energy & Utility, 2017 – 2027(US$ Mn)
6.9 Mining
6.9.1 Global SF Market Value from Mining, 2017 – 2027(US$ Mn)
6.10 Others
6.10.1 Global SF Market Value from Others, 2017 – 2027(US$ Mn)

Chapter 7 North America Smart Factory (SF) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 North America SF Market Analysis, by Component , 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 North America SF Market Analysis, by Solution, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.4 North America SF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
7.4.1 Market Analysis
7.5 North America SF Market, by Country, 2017 – 2027 (US$ Mn)
7.5.1 Market Analysis
7.5.2 U.S.
7.5.2.1 U.S. SF Market Value, by Component , 2017 – 2027 (US$ Mn)
7.5.2.2 U.S. SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
7.5.2.3 U.S. SF Market Value, by Application, 2017 – 2027 (US$ Mn)
7.5.3 Canada
7.5.3.1 Canada SF Market Value, by Component , 2017 – 2027 (US$ Mn)
7.5.3.2 Canada SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
7.5.3.3 Canada SF Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 8 Europe Smart Factory (SF) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Europe SF Market Analysis, by Component , 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 Europe SF Market Analysis, by Solution, 2017 – 2027 (US$ Mn)
8.3.1 Market Analysis
8.4 Europe SF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
8.4.1 Market Analysis
8.5 Europe SF Market, by Country, 2017 – 2027 (US$ Mn)
8.5.1 Market Analysis
8.5.2 U.K.
8.5.2.1 U.K. SF Market Value, by Component , 2017 – 2027 (US$ Mn)
8.5.2.2 U.K. SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
8.5.2.3 U.K. SF Market Value, by Application, 2017 – 2027 (US$ Mn)
8.5.3 Germany
8.5.3.1 Germany SF Market Value, by Component , 2017 – 2027 (US$ Mn)
8.5.3.2 Germany SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
8.5.3.3 Germany SF Market Value, by Application, 2017 – 2027 (US$ Mn)
8.5.4 France
8.5.4.1 France SF Market Value, by Component , 2017 – 2027 (US$ Mn)
8.5.4.2 France SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
8.5.4.3 France SF Market Value, by Application, 2017 – 2027 (US$ Mn)
8.5.5 Rest of Europe
8.5.5.1 Rest of Europe SF Market Value, by Component , 2017 – 2027 (US$ Mn)
8.5.5.2 Rest of Europe SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
8.5.5.3 Rest of Europe SF Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 9 Asia Pacific Smart Factory (SF) Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 Asia Pacific SF Market Analysis, by Component , 2017 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 Asia Pacific SF Market Analysis, by Solution, 2017 – 2027 (US$ Mn)
9.3.1 Market Analysis
9.4 Asia Pacific SF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
9.4.1 Market Analysis
9.5 Asia Pacific SF Market, by Country, 2017 – 2027 (US$ Mn)
9.5.1 Market Analysis
9.5.2 China
9.5.2.1 China SF Market Value, by Component , 2017 – 2027 (US$ Mn)
9.5.2.2 China SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
9.5.2.3 China SF Market Value, by Application, 2017 – 2027 (US$ Mn)
9.5.3 Japan
9.5.3.1 Japan SF Market Value, by Component , 2017 – 2027 (US$ Mn)
9.5.3.2 Japan SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
9.5.3.3 Japan SF Market Value, by Application, 2017 – 2027 (US$ Mn)
9.5.4 India
9.5.4.1 India SF Market Value, by Component , 2017 – 2027 (US$ Mn)
9.5.4.2 India SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
9.5.4.3 India SF Market Value, by Application, 2017 – 2027 (US$ Mn)
9.5.5 Rest of Asia Pacific
9.5.5.1 Rest of Asia Pacific SF Market Value, by Component , 2017 – 2027 (US$ Mn)
9.5.5.2 Rest of Asia Pacific SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
9.5.5.3 Rest of Asia Pacific SF Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 10 Rest of the World (RoW) Smart Factory (SF) Market Analysis, 2017 – 2027 (US$ Mn)
10.1 Overview
10.2 RoW SF Market Analysis, by Component , 2017 – 2027 (US$ Mn)
10.2.1 Market Analysis
10.3 RoW SF Market Analysis, by Solution, 2017 – 2027 (US$ Mn)
10.3.1 Market Analysis
10.4 RoW SF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
10.4.1 Market Analysis
10.5 RoW SF Market, by Country (US$ Mn)
10.5.1 Market Analysis
10.5.2 Middle East & Africa (MEA)
10.5.2.1 MEA SF Market Value, by Component , 2017 – 2027 (US$ Mn)
10.5.2.2 MEA SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
10.5.2.3 MEA SF Market Value, by Application, 2017 – 2027 (US$ Mn)
10.5.3 Latin America
10.5.3.1 Latin America SF Market Value, by Component , 2017 – 2027 (US$ Mn)
10.5.3.2 Latin America SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
10.5.3.3 Latin America SF Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 11 Company Profiles
11.1 ABB Ltd.
11.2 Emerson Electric
11.3 FANUC
11.4 General Electric
11.5 Honeywell International Inc.
11.6 Mitsubishi Electric
11.7 Robert Bosch
11.8 Rockwell Automation
11.9 Schneider Electric
11.10 Siemens AG
11.11 Yokogawa Electric

List of Figures

FIG. 1 Global Smart Factory (SF) Market: Research Methodology
FIG. 2 Market SolutionEstimation – Top Down & Bottom up Approach
FIG. 3 Global SF Market Segmentation
FIG. 4 Global SF Market, by Component , 2018 (US$ Mn)
FIG. 5 Global SF Market, by Solution, 2018 (US$ Mn)
FIG. 6 Global SF Market, by Application, 2018 (US$ Mn)
FIG. 7 Global SF Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Market Positioning of Key SF Vendors, 2018
FIG. 10 Global SF Market Value Share, by Component, 2018 & 2027 (Value, %)
FIG. 11 Global SF Market Value from Industrial Robots, 2017 – 2027(US$ Mn)
FIG. 12 Global SF Market Value from Machine Vision, 2017 – 2027(US$ Mn)
FIG. 13 Global SF Market Value from Industrial IoT, 2017 – 2027(US$ Mn)
FIG. 14 Global SF Market Value from Industrial Additive Manufacturing, 2017 – 2027(US$ Mn)
FIG. 15 Global SF Market Value Share, by Technology, 2018 & 2027 (Value, %)
FIG. 16 Global SF Market Value from Product Life Cycle Management (PLM), 2017 – 2027(US$ Mn)
FIG. 17 Global SF Market Value from Manufacturing Execution System (MES), 2017 – 2027(US$ Mn)
FIG. 18 Global SF Market Value from Programmable Logic Control (PLC), 2017 – 2027(US$ Mn)
FIG. 19 Global SF Market Value from Supervisory Control and Data Acquisition (SCADA), 2017 – 2027(US$ Mn)
FIG. 20 Global SF Market Value from Enterprise Resource Planning (ERP), 2017 – 2027(US$ Mn)
FIG. 21 Global SF Market Value from Distributed Control System (DCS), 2017 – 2027(US$ Mn)
FIG. 22 Global SF Market Value from Human-Machine Interface (HMI), 2017 – 2027(US$ Mn)
FIG. 23 Global SF Market Value from Plant Asset Management (PAM), 2017 – 2027(US$ Mn)
FIG. 24 Global SF Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 25 Global SF Market Value from Automotive, 2017 – 2027(US$ Mn)
FIG. 26 Global SF Market Value from Aerospace & Defense; 2017 – 2027(US$ Mn)
FIG. 27 Global SF Market Value from Food & Beverages, 2017 – 2027(US$ Mn)
FIG. 28 Global SF Market Value from Electronics & Electricals, 2017 – 2027(US$ Mn)
FIG. 29 Global SF Market Value from Chemical, 2017 – 2027(US$ Mn)
FIG. 30 Global SF Market Value from Pharmaceuticals, 2017 – 2027(US$ Mn)
FIG. 31 Global SF Market Value from Energy & Utility, 2017 – 2027(US$ Mn)
FIG. 32 Global SF Market Value from Mining, 2017 – 2027(US$ Mn)
FIG. 33 Global SF Market Value from Others, 2017 – 2027(US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Smart Factory (SF) Market Value
TABLE 2 North America SF Market Value, by Component , 2017 – 2027 (US$ Mn)
TABLE 3 North America SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
TABLE 4 North America SF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 5 North America SF Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 6 U.S. SF Market Value, by Component 2017– 2027 (US$ Mn)
TABLE 7 U.S. SF Market Value, by Solution 2017– 2027 (US$ Mn)
TABLE 8 U.S. SF Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 9 Canada SF Market Value, by Component 2017– 2027 (US$ Mn)
TABLE 10 Canada SF Market Value, by Solution 2017– 2027 (US$ Mn)
TABLE 11 Canada SF Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 12 Europe SF Market Value, by Component , 2017 – 2027 (US$ Mn)
TABLE 13 Europe SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
TABLE 14 Europe SF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 15 Europe SF Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 16 U.K. SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 17 U.K. SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
TABLE 18 U.K. SF Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 19 Germany SF Market Value, by Component , 2017– 2027 (US$ Mn)
TABLE 20 Germany SF Market Value, by Solution 2017 – 2027 (US$ Mn)
TABLE 21 Germany SF Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 22 France SF Market Value, by Component 2017– 2027 (US$ Mn)
TABLE 23 France SF Market Value, by Solution 2017– 2027 (US$ Mn)
TABLE 24 France SF Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 25 Rest of Europe SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 26 Rest of Europe SF Market Value, by Solution 2017 – 2027 (US$ Mn)
TABLE 27 Rest of Europe SF Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 28 Asia Pacific SF Market Value, by Component , 2017 – 2027 (US$ Mn)
TABLE 29 Asia Pacific SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
TABLE 30 Asia Pacific SF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 31 Asia Pacific SF Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 32 China SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 33 China SF Market Value, by Solution 2017 – 2027 (US$ Mn)
TABLE 34 China SF Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 35 Japan SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 36 Japan SF Market Value, by Solution 2017 – 2027 (US$ Mn)
TABLE 37 Japan SF Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 38 India SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 39 India SF Market Value, by Solution 2017 – 2027 (US$ Mn)
TABLE 40 India SF Market Value, by Application 2017 – 2027 (US$ Mn)
TABLE 41 Rest of Asia Pacific SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 42 Rest of Asia Pacific SF Market Value, by Solution 2017 – 2027 (US$ Mn)
TABLE 43 Rest of Asia Pacific SF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 44 RoW SF Market Value, by Component , 2017 – 2027 (US$ Mn)
TABLE 45 RoW SF Market Value, by Solution, 2017 – 2027 (US$ Mn)
TABLE 46 RoW SF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 47 RoW SF Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 48 MEA SF Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 49 MEA SF Market Value, by Solution – 2027 (US$ Mn)
TABLE 50 MEA SF Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 51 Latin America SF Market Value, by Component – 2027 (US$ Mn)
TABLE 52 Latin America SF Market Value, by Solution – 2027 (US$ Mn)
TABLE 53 Latin America SF Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 54 ABB Ltd.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 55 Emerson Electric: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 56 FANUC: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 57 General Electric: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 58 Honeywell International Inc.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 59 Mitsubishi Electric: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 60 Robert Bosch: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 61 Rockwell Automation: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 62 Schneider Electric: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 63 Siemens AG: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 64 Yokogawa Electric: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Question:

What is the size of Smart Factory Market?

The market for Smart Factory Market is expected to reach USD$ XX in 2027.

What is the Smart Factory Market CAGR?

The Smart Factory Market is expected to see significant CAGR growth over the coming years, at 9.5%.

What is the Forecast period considered for Smart Factory Market?

The report is forecasted from 2019 -2027.

What is the base year considered for Smart Factory Market?

The base year of this report is 2018.

Who are the major players in this market?

Emerson Electric, FANUC, General Electric, Honeywell International, Mitsubishi Electric. are some of the major players in the global market.

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