The Asia Pacific Smart Factory Market would witness market growth of 10% CAGR during the forecast period (2021-2027). Manufacturing is one of the leading pillars of the countries in the Asia-pacific region. With the emergence of the Industry 4.0 revolution, the world’s biggest manufacturing hub will observe major shifts as connectivity becomes the backbone of modern factories, where artificial intelligence (AI), machine learning, the Internet of things (IoT), and cloud computing are being adopted to explore technology-driven smart manufacturing.
Factories are shifting to real-time abilities, virtualization, decentralization, and modularity to streamline efficiency, accuracy, and agility. At the core of this revolution are 5G networks that provide robust, high-speed connectivity, higher bandwidth to manage huge data traffic, highly low levels of latency between devices, network slicing for virtual separation of networks, and mobile edge computing 9MEC) to streamline edge computing. As a major enable in smart factories, 5G along with IoT bring about modern technologies like automation, collaborative robots (cobots), and real-time monitoring.
Smart factory solutions are beneficial in reducing costs by lowering the wastage and optimal usage of the resources. The main goal of any company is to correct the inefficiencies of the system and simplify the processes to generate optimal productivity. The digital modes are relevant, real-time, and highly intelligent to foretell maintenance, replacement, and scheduled shutdown to decrease wastage.
When the production, manufacturing, and transportation processes are automated with the help of digital solutions, real-time communication occurs, decreasing the overall costs. The costs are decreased by a reduction in wastage and a surge in profit. These aspects are likely to open new growth avenues in the smart factory market in the next few years.
Smart factories are less costly and provide completely integrated automation solutions for manufacturing units with an aim to simplify the flow of materials during the manufacturing process. Smart factories are popular by the usage of technology and field devices to provide a whole range of automation in the manufacturing process. By integrating the cyber physical system into the forefront of the manufacturing process, smart factories become capable to connect each process and component across the value chain. Due to this interconnection of information and production, the automation industry has been revolutionized, hence helping manufacturing facilities to become efficient at an optimum level. In addition to it, manufacturing enterprises become capable to attain the shortest time to market and zero waste production with the help of smart factories.
The China market dominated the Asia Pacific SCADA Smart Factory Market by Country 2020, thereby, achieving a market value of $3,684.7 million by 2027. The Japan market is showcasing a CAGR of 9.1% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 10.3% during (2021 - 2027).
Based on Component, the market is segmented into Industrial Sensors, Industrial Robots, Industrial 3D Printers and Machine Vision Systems. Based on Solution, the market is segmented into Manufacturing Execution System (MES), Plant Asset Management (PAM), SCADA, Industrial Safety and Others. Based on Industry Vertical, the market is segmented into Automotive, Semiconductor & Electronics, Chemicals & Pharmaceuticals, Food & Beverages, Oil & Gas, Aerospace & Defense, Medical Devices and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Factory Market is Projected to reach USD 137.6 Billion by 2027, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., General Electric (GE) Co., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Honeywell International, Inc., Mitsubishi Electric Corporation, Kuka AG, and Omron Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
By Solution
- Manufacturing Execution System (MES)
- Plant Asset Management (PAM)
- SCADA
- Industrial Safety
- Others
By Industry Vertical
- Automotive
- Semiconductor & Electronics
- Chemicals & Pharmaceuticals
- Food & Beverages
- Oil & Gas
- Aerospace & Defense
- Medical Devices
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Emerson Electric Co.
- General Electric (GE) Co.
- Siemens AG
- Rockwell Automation, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Kuka AG
- Omron Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Factory Market, by Component
1.4.2 Asia Pacific Smart Factory Market, by Solution
1.4.3 Asia Pacific Smart Factory Market, by Industry Vertical
1.4.4 Asia Pacific Smart Factory Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements,
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Business Expansions
3.2.5 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Apr) Leading Players
Chapter 4. Asia Pacific Smart Factory Market by Industry Vertical
4.1 Asia Pacific Automotive Smart Factory Market by Country
4.2 Asia Pacific Semiconductor & Electronics Smart Factory Market by Country
4.3 Asia Pacific Chemicals & Pharmaceuticals Smart Factory Market by Country
4.4 Asia Pacific Food & Beverages Smart Factory Market by Country
4.5 Asia Pacific Oil & Gas Smart Factory Market by Country
4.6 Asia Pacific Aerospace & Defense Smart Factory Market by Country
4.7 Asia Pacific Medical Devices Smart Factory Market by Country
4.8 Asia Pacific Other Industry Vertical Smart Factory Market by Country
Chapter 5. Asia Pacific Smart Factory Market by Component
5.1 Asia Pacific Smart Factory Industrial Sensors Market by Country
5.2 Asia Pacific Smart Factory Industrial Robots Market by Country
5.3 Asia Pacific Smart Factory Industrial 3D Printers Market by Country
5.4 Asia Pacific Smart Factory Machine Vision Systems Market by Country
Chapter 6. Asia Pacific Smart Factory Market by Solution
6.1 Asia Pacific Manufacturing Execution System (MES) Smart Factory Market by Country
6.2 Asia Pacific Plant Asset Management (PAM) Smart Factory Market by Country
6.3 Asia Pacific SCADA Smart Factory Market by Country
6.4 Asia Pacific Industrial Safety Smart Factory Market by Country
6.5 Asia Pacific Others Smart Factory Market by Country
Chapter 7. Asia Pacific Smart Factory Market by Country
7.1 China Smart Factory Market
7.1.1 China Smart Factory Market by Industry Vertical
7.1.2 China Smart Factory Market by Component
7.1.3 China Smart Factory Market by Solution
7.2 Japan Smart Factory Market
7.2.1 Japan Smart Factory Market by Industry Vertical
7.2.2 Japan Smart Factory Market by Component
7.2.3 Japan Smart Factory Market by Solution
7.3 India Smart Factory Market
7.3.1 India Smart Factory Market by Industry Vertical
7.3.2 India Smart Factory Market by Component
7.3.3 India Smart Factory Market by Solution
7.4 South Korea Smart Factory Market
7.4.1 South Korea Smart Factory Market by Industry Vertical
7.4.2 South Korea Smart Factory Market by Component
7.4.3 South Korea Smart Factory Market by Solution
7.5 Singapore Smart Factory Market
7.5.1 Singapore Smart Factory Market by Industry Vertical
7.5.2 Singapore Smart Factory Market by Component
7.5.3 Singapore Smart Factory Market by Solution
7.6 Malaysia Smart Factory Market
7.6.1 Malaysia Smart Factory Market by Industry Vertical
7.6.2 Malaysia Smart Factory Market by Component
7.6.3 Malaysia Smart Factory Market by Solution
7.7 Rest of Asia Pacific Smart Factory Market
7.7.1 Rest of Asia Pacific Smart Factory Market by Industry Vertical
7.7.2 Rest of Asia Pacific Smart Factory Market by Component
7.7.3 Rest of Asia Pacific Smart Factory Market by Solution
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.5.2 Geographical Expansions:
8.2.5.3 Business Expansions:
8.2.6 SWOT Analysis
8.3 General Electric (GE) Co.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Siemens AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Rockwell Automation, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental And Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.5.3 Geographical Expansions:
8.6.6 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 Mitsubishi Electric Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Kuka AG
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. Omron Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Product Launches and Product Expansions:
8.10.6 SWOT Analysis
TABLE 1 Asia Pacific Smart Factory Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Smart Factory Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Factory Market
TABLE 4 Product Launches And Product Expansions– Smart Factory Market
TABLE 5 Geographical Expansions– Smart Factory Market
TABLE 6 Business Expansions– Smart Factory Market
TABLE 7 Acquisition and Mergers– Smart Factory Market
TABLE 8 Asia Pacific Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 9 Asia Pacific Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 10 Asia Pacific Automotive Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 11 Asia Pacific Automotive Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 12 Asia Pacific Semiconductor & Electronics Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 13 Asia Pacific Semiconductor & Electronics Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 14 Asia Pacific Chemicals & Pharmaceuticals Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 15 Asia Pacific Chemicals & Pharmaceuticals Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Food & Beverages Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Food & Beverages Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Oil & Gas Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Oil & Gas Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Aerospace & Defense Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Aerospace & Defense Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific Medical Devices Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 23 Asia Pacific Medical Devices Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 24 Asia Pacific Other Industry Vertical Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 25 Asia Pacific Other Industry Vertical Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 26 Asia Pacific Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 27 Asia Pacific Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 28 Asia Pacific Smart Factory Industrial Sensors Market by Country, 2017 - 2020, USD Million
TABLE 29 Asia Pacific Smart Factory Industrial Sensors Market by Country, 2021 - 2027, USD Million
TABLE 30 Asia Pacific Smart Factory Industrial Robots Market by Country, 2017 - 2020, USD Million
TABLE 31 Asia Pacific Smart Factory Industrial Robots Market by Country, 2021 - 2027, USD Million
TABLE 32 Asia Pacific Smart Factory Industrial 3D Printers Market by Country, 2017 - 2020, USD Million
TABLE 33 Asia Pacific Smart Factory Industrial 3D Printers Market by Country, 2021 - 2027, USD Million
TABLE 34 Asia Pacific Smart Factory Machine Vision Systems Market by Country, 2017 - 2020, USD Million
TABLE 35 Asia Pacific Smart Factory Machine Vision Systems Market by Country, 2021 - 2027, USD Million
TABLE 36 Asia Pacific Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 37 Asia Pacific Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 38 Asia Pacific Manufacturing Execution System (MES) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 39 Asia Pacific Manufacturing Execution System (MES) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 40 Asia Pacific Plant Asset Management (PAM) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 41 Asia Pacific Plant Asset Management (PAM) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 42 Asia Pacific SCADA Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 43 Asia Pacific SCADA Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 44 Asia Pacific Industrial Safety Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 45 Asia Pacific Industrial Safety Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 46 Asia Pacific Others Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 47 Asia Pacific Others Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 48 Asia Pacific Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 49 Asia Pacific Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 50 China Smart Factory Market, 2017 - 2020, USD Million
TABLE 51 China Smart Factory Market, 2021 - 2027, USD Million
TABLE 52 China Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 53 China Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 54 China Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 55 China Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 56 China Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 57 China Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 58 Japan Smart Factory Market, 2017 - 2020, USD Million
TABLE 59 Japan Smart Factory Market, 2021 - 2027, USD Million
TABLE 60 Japan Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 61 Japan Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 62 Japan Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 63 Japan Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 64 Japan Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 65 Japan Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 66 India Smart Factory Market, 2017 - 2020, USD Million
TABLE 67 India Smart Factory Market, 2021 - 2027, USD Million
TABLE 68 India Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 69 India Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 70 India Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 71 India Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 72 India Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 73 India Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 74 South Korea Smart Factory Market, 2017 - 2020, USD Million
TABLE 75 South Korea Smart Factory Market, 2021 - 2027, USD Million
TABLE 76 South Korea Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 77 South Korea Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 78 South Korea Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 79 South Korea Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 80 South Korea Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 81 South Korea Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 82 Singapore Smart Factory Market, 2017 - 2020, USD Million
TABLE 83 Singapore Smart Factory Market, 2021 - 2027, USD Million
TABLE 84 Singapore Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 85 Singapore Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 86 Singapore Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 87 Singapore Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 88 Singapore Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 89 Singapore Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 90 Malaysia Smart Factory Market, 2017 - 2020, USD Million
TABLE 91 Malaysia Smart Factory Market, 2021 - 2027, USD Million
TABLE 92 Malaysia Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 93 Malaysia Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 94 Malaysia Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 95 Malaysia Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 96 Malaysia Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 97 Malaysia Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 98 Rest of Asia Pacific Smart Factory Market, 2017 - 2020, USD Million
TABLE 99 Rest of Asia Pacific Smart Factory Market, 2021 - 2027, USD Million
TABLE 100 Rest of Asia Pacific Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 101 Rest of Asia Pacific Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 102 Rest of Asia Pacific Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 103 Rest of Asia Pacific Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 104 Rest of Asia Pacific Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 105 Rest of Asia Pacific Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 106 Key Information – ABB Group
TABLE 107 Key Information – Emerson Electric Co.
TABLE 108 Key Information – General Electric (GE) Co.
TABLE 109 Key Information – Siemens AG
TABLE 110 Key information – Rockwell Automation, Inc.
TABLE 111 Key information – Schneider Electric SE
TABLE 112 Key information – Honeywell International, Inc.
TABLE 113 key information – Mitsubishi Electric Corporation
TABLE 114 Key Information –Kuka AG
TABLE 115 Key Information – Omron Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Apr) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Emerson Electric Co.
FIG 8 Swot analysis: Emerson Electric CO.
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Recent strategies and developments: Siemens AG
FIG 11 Swot analysis: Siemens AG
FIG 12 Recent strategies and developments: Rockwell Automation, Inc.
FIG 13 SWOT Analysis: Rockwell Automation, Inc.
FIG 14 Recent strategies and developments: Schneider Electric SE
FIG 15 Swot analysis: Schneider Electric SE
FIG 16 Recent strategies and developments: Honeywell International, Inc.
FIG 17 Swot analysis: Honeywell international, inc.
FIG 18 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 19 SWOT Analysis: Mitsubishi Electric Corporation
FIG 20 Recent strategies and developments: Omron Corporation
FIG 21 SWOT Analysis: Omron Corporation
