The North America Smart Factory Market would witness market growth of 9.7% CAGR during the forecast period (2021-2027). The term ‘smart factory’ is considered as the several completely integrated automation solutions adopted for manufacturing facilities. Such integration assists in simplifying the material flow during all the processes included in the manufacturing, hence allowing efficient transfer of material across the factory floor. The deployment of smart systems can decrease the requirement for human labor, specifically in challenging environments.
IoT is beneficial in those applications wherein rapid development and real-time tracking of quality are the crucial aspects ensuring higher advantages to the end-user. The manufacturing sector is a sector where real-time tracking and feedback are essential in order to streamline manufacturing operations. IoT finds considerable applications in the manufacturing industry. It is capable of simplifying the production processes in a manufacturing plant because IoT devices can automatically track development cycles and manage warehouses and inventories.
Huge shifts in manufacturing because of industry 4.0 and the adoption of IoT need companies to accept faster, smarter, and unique methods to increase production, with technologies that support and facilitate human labor with robotics and cut down industrial accidents caused by a process error. These trends are currently being leveraged by system integrators and ICT consultants. For example, in September 2019, Deloitte introduced Smart Factory Fabric, a pre-configured solution of cloud-based Internet of Things (IoT) applications and integrated services to augment the developments in the smart factory domain.
Modern technological methods like machine vision and 3D food printing are modifying the manufacturing processes of the food & beverage industry. The prime objective of the stakeholders included in the manufacturing and distributing chain of this is to provide the best quality products while maintaining the low cost of production, maintenance, and distribution. The automation technologies utilized in the food & beverages industry provide design flexibility, unique and integrated safety solutions, and modern software tools for monitoring and controlling the operations of machines. Manufacturers are constantly involved in digitalizing and connecting factories to explore the advantages of the fourth industrial revolution. In the upcoming year, makers anticipated smart factories to boost performance improvements that considerably surpass earlier efforts.
The US market dominated the North America Chemicals & Pharmaceuticals Smart Factory Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,870.1 million by 2027. The Canada market is experiencing a CAGR of 12.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Factory Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Smart Factory Market, by Component
1.4.2 North America Smart Factory Market, by Solution
1.4.3 North America Smart Factory Market, by Industry Vertical
1.4.4 North America 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. North America Smart Factory Market by Industry Vertical
4.1 North America Automotive Smart Factory Market by Country
4.2 North America Semiconductor & Electronics Smart Factory Market by Country
4.3 North America Chemicals & Pharmaceuticals Smart Factory Market by Country
4.4 North America Food & Beverages Smart Factory Market by Country
4.5 North America Oil & Gas Smart Factory Market by Country
4.6 North America Aerospace & Defense Smart Factory Market by Country
4.7 North America Medical Devices Smart Factory Market by Country
4.8 North America Other Industry Vertical Smart Factory Market by Country
Chapter 5. North America Smart Factory Market by Component
5.1 North America Smart Factory Industrial Sensors Market by Country
5.2 North America Smart Factory Industrial Robots Market by Country
5.3 North America Smart Factory Industrial 3D Printers Market by Country
5.4 North America Smart Factory Machine Vision Systems Market by Country
Chapter 6. North America Smart Factory Market by Solution
6.1 North America Manufacturing Execution System (MES) Smart Factory Market by Country
6.2 North America Plant Asset Management (PAM) Smart Factory Market by Country
6.3 North America SCADA Smart Factory Market by Country
6.4 North America Industrial Safety Smart Factory Market by Country
6.5 North America Others Smart Factory Market by Country
Chapter 7. North America Smart Factory Market by Country
7.1 US Smart Factory Market
7.1.1 US Smart Factory Market by Industry Vertical
7.1.2 US Smart Factory Market by Component
7.1.3 US Smart Factory Market by Solution
7.2 Canada Smart Factory Market
7.2.1 Canada Smart Factory Market by Industry Vertical
7.2.2 Canada Smart Factory Market by Component
7.2.3 Canada Smart Factory Market by Solution
7.3 Mexico Smart Factory Market
7.3.1 Mexico Smart Factory Market by Industry Vertical
7.3.2 Mexico Smart Factory Market by Component
7.3.3 Mexico Smart Factory Market by Solution
7.4 Rest of North America Smart Factory Market
7.4.1 Rest of North America Smart Factory Market by Industry Vertical
7.4.2 Rest of North America Smart Factory Market by Component
7.4.3 Rest of North America 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 North America Smart Factory Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 9 North America Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 10 North America Automotive Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Automotive Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Semiconductor & Electronics Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Semiconductor & Electronics Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Chemicals & Pharmaceuticals Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Chemicals & Pharmaceuticals Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Food & Beverages Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Food & Beverages Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Oil & Gas Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Oil & Gas Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Aerospace & Defense Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Aerospace & Defense Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Medical Devices Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Medical Devices Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Other Industry Vertical Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Other Industry Vertical Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 27 North America Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 28 North America Smart Factory Industrial Sensors Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Smart Factory Industrial Sensors Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Smart Factory Industrial Robots Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Smart Factory Industrial Robots Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Smart Factory Industrial 3D Printers Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Smart Factory Industrial 3D Printers Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Smart Factory Machine Vision Systems Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Smart Factory Machine Vision Systems Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 37 North America Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 38 North America Manufacturing Execution System (MES) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Manufacturing Execution System (MES) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Plant Asset Management (PAM) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Plant Asset Management (PAM) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 42 North America SCADA Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 43 North America SCADA Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 44 North America Industrial Safety Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Industrial Safety Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Others Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Others Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 50 US Smart Factory Market, 2017 - 2020, USD Million
TABLE 51 US Smart Factory Market, 2021 - 2027, USD Million
TABLE 52 US Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 53 US Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 54 US Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 55 US Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 56 US Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 57 US Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 58 Canada Smart Factory Market, 2017 - 2020, USD Million
TABLE 59 Canada Smart Factory Market, 2021 - 2027, USD Million
TABLE 60 Canada Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 61 Canada Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 62 Canada Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 63 Canada Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 64 Canada Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 65 Canada Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 66 Mexico Smart Factory Market, 2017 - 2020, USD Million
TABLE 67 Mexico Smart Factory Market, 2021 - 2027, USD Million
TABLE 68 Mexico Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 69 Mexico Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 70 Mexico Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 71 Mexico Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 72 Mexico Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 73 Mexico Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 74 Rest of North America Smart Factory Market, 2017 - 2020, USD Million
TABLE 75 Rest of North America Smart Factory Market, 2021 - 2027, USD Million
TABLE 76 Rest of North America Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 77 Rest of North America Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 78 Rest of North America Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 79 Rest of North America Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 80 Rest of North America Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 81 Rest of North America Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 82 Key Information – ABB Group
TABLE 83 Key Information – Emerson Electric Co.
TABLE 84 Key Information – General Electric (GE) Co.
TABLE 85 Key Information – Siemens AG
TABLE 86 Key information – Rockwell Automation, Inc.
TABLE 87 Key information – Schneider Electric SE
TABLE 88 Key information – Honeywell International, Inc.
TABLE 89 key information – Mitsubishi Electric Corporation
TABLE 90 Key Information –Kuka AG
TABLE 91 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