Global smart factory market / factory automation industry is expected to generate revenues of $246.03 billion by 2018, growing at an estimated CAGR of 8.08% from 2013-2018.
This, according to Smart Factory Market by Technology (SCADA, DCS, PLC, ERP, MES, PLM, MOM), Field Devices (Industrial Network, Robotics, RFID, And Motors & Drives, Relays & Switches, & Sensors), Application (Process, Discrete) - Global Forecast & Analysis (2013 - 2018) research report available with RnRMarketResearch.com.
Smart factory market or automation of the factory / manufacturing industry is generally dependent on increasing efficiency - effectively and compliance with the help of computers, Internet and a system of collaborating computational elements controlling physical entities. Manufacturing and customization of products (mass volumes) in a highly flexible environment is one of the major distinctiveness of this digital revolution in industrial production. Challenges, as per one of the Wikipedia articles on Industry 4.0, include lack of adequate skill-sets to expedite the march towards fourth industrial revolution, threat of redundancy of the corporate IT department and general reluctance to change by stakeholders.
This smart factory market report presents the future of the global market and factory automation industry from both technical and market-oriented perspectives with techno-market oriented roadmaps till 2018. This report describes the market trends, drivers, restraints and opportunities of the smart factory market and forecasts the market to 2018, based on technology, field devices, application, and geography. The report presents a detailed analysis of the technology market such as industrial control system (SCADA, PLC, and DCS), ERP, MES and PLM and forecasts the growth for each one of them. The report covers regions such as Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2012, Americas was the largest region in terms of market revenue for the smart factory market. APAC, Europe, and ROW are also promising markets, with China, Germany, and Africa providing an impetus to the growth.
Companies discussed in this smart factory market / factory automation industry report include ABB LTD, Apriso Corporation, CMC Associates, Dassault Systems, Emerson Electric Co., Fraunhofer-Gesellschaft, Freescale Semiconductor INC., General Dynamics Corporation, General Electric CO., Honeywell International INC., Intel Corporation, Invensys PLC, Johnson Controls, INC., Microsoft, Mitsubishi Electric Corporation, National Instruments Corporation, Operator System, Rockwell Automation, INC., Schneider Electric SA, Siemens AG, System Insights, INC., Teledyne Technologies INC and Ubisense Group PLC.
As per this smart factory industry report, market drivers include Increasing Focus On Energy Saving And Improving Efficiency, Internet Of Things And Services To Play Crucial Role In Integrating Manufacturing And Engineering, Country Specific Impetus To Manufacturing Activities and Shift In Manufacturing Base. Restraints like Lack Of Standardization and Interoperability, Increasing Skill Gap And Shortage Of Trained Workers, Heightened Cyber Physical System (CPS) Security Threat and Cost Factor And Nomenclature Confusion are discussed in this report. Companies and players looking at opportunities in this market can look forward to information on Emerging Manufacturing Bases Present Multi-Billion Dollar Market Opportunity For It Vendors, Increased Scope Of Refurbished (Used) Robots and Untapped Potential Of Many A Field Devices Such As Rfid, Industrial Robots.
The technology chapter of smart factory market report talks about Supervisory Control And Data Acquisition and says SCADA Market For Smart Factory Is Expected To Grow At A Higher CAGR. The PLC (Programmable Logic Control) Market Is Expected To Reach Over $9 Billion By 2018 whereas APAC Is Expected To Grow Faster Than Any Other Regions for the Distributed Control System (DCS) technology segment. Similar inputs are also given for manufacturing execution systems (MES) technology, Enterprise Resource Planning (ERP) as well as Information Technology System.
Covering the applications market of factory automation industry, this research says Automotive And Transportation Application Market Revenue Is Expected To Reach Over $50 Billion In 2018 where as Mining, Minerals and Metals segment is Forecast To Grow At A Higher CAGR. Growth In Field Device Market Will Outperform The Technology Market Growth within the Packaging application market, while in the Process Industry side, Oil And Gas Market Poised To Exhibit Robust Growth and in the Chemicals segment, Technology Market Accounted For The Highest Market Share As Of 2012.