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Smart Factory Market

Market Insights on Smart Factory covering sales outlook, demand forecast & up-to-date key trends

Smart Factory Market By Component (Hardware, Software, Services), End User (Discrete Industry, Process Industry), Industry Vertical (Automotive, Aerospace & Defence, Electrical & Electronics, Energy & Utilities) & Region - Forecast 2022 - 2030

Smart Factory Market Outlook (2022-2030)

[350 Pages Report] Over the next eight years, the global smart factory market is anticipated to soar at a stellar CAGR of 10.8% and surge from a valuation of US$ 127.2 Bn in 2022 to US$ 288.1 Bn by the end of 2030.

Smart Factory Market Size (2022)

US$ 127.2 Bn

Predicted Market Revenue (2030)

US$ 288.1 Bn

Projected Market Growth Rate (2022-2030)

10.8% CAGR

Automotive Industry Share (2022)

41.3%

Rising proliferation of Industry 4.0 in the industrial sector is propelling demand for smart factories. Revenue from the smart factory sector accounted for 15% share of the global industrial automation market in 2021.

Rapid technological advancements and digital trends such as industrial IoT (Internet of Things), 5G, etc., are anticipated to boost the establishment of smart factories across the world.

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How The Market Progressed Till June 2022?

Market Statistics

Details

H1,2021 (A)

10.2%

H1,2022 Projected (P)

10.4%

H1,2022 Outlook (O)

10.8%

BPS Change : H1,2022 (O) - H1,2022 (P)

(+) 41 ↑

BPS Change : H1,2022 (O) - H1,2021 (A)

(+) 61 ↑

As per Future Market Insights, the benefits of remote and off-site operational work are vast and constantly expanding. They include safety, flexibility, and convenience. Facilities continue to explore ways to integrate even more remote access into their operations, including cloud-based technology, storage, and analysis, even as life returns to normal in the wake of COVID. This is likely to drive the smart factory market.

An increase of 41 units in BPS values is witnessed in the smart factory market in H1, 2022 – Outlook (O) over H1, 2022 Projected (P). For many years, the manufacturing industry has seen a growth in sensor technology. When sensors are adopted more widely and at a more affordable price point in 2022, a critical mass breakthrough is likely to occur.

As more facilities are adopting sensors to provide continuous, real-time machine health and condition monitoring, the need for smart factory solution is expected to rise.

Furthermore, compared to H1, 2021 (A), the smart factory demand is expected to grow by 61 BPS in H1 -2022. As per FMI, together with technology like Machine Learning(ML), Artificial Intelligence (AI) is prepared to fulfil the promise of years of gradual acceptance. The industrial sector is deploying smart factory solution to estimate and plan maintenance, production capacity, inventories, sales, and other factors more precisely.

Smart Factory Demand Analysis (2015 To 2021) Vs Market Forecasts (2022 To 2030)

Proliferation of technology in all walks of life has increased exponentially over the past few years and this trend is expected to significantly influence the smart factory market potential in coming years as well. Demand for smart factories rose at a high CAGR of 9.7% from 2015 to 2021.

As technological proliferation increases, manufacturers are focusing on smart manufacturing and automation solutions to minimize costs and optimize the revenue generation potential of their businesses. Increasing digitization and popularity of cloud technologies are anticipated to boost demand for smart factory as a service.

Smart Factory Market Download Report Brochure

High labour expenses, increasing demand for automation, rapid technological advancements, supportive government initiatives, increasing manufacturing sectors in emerging economies, rising adoption of industry 4.0, and increasing adoption of industrial IoT components are some major factors that are anticipated to sculpt demand for smart factories through 2030.

The smart factory market across the world is projected to rise at a phenomenal CAGR of 10.8% from 2022 to 2030.

What Promising Trends are Predicted for the Smart Factory Industry?

“Rising Adoption of Industry 4.0 to Majorly Influence Market Demand”

Smart industries enable manufacturers to deploy manufacturing solutions that optimize their output and maximize their revenue potential. Industry 4.0 has revolutionized the production capacity of multiple facilities as it enables the implementation of smart manufacturing and automation solutions.

Multiple initiatives from smart factory companies, government, and non-government organizations are working on advancing the adoption of industry 4.0 on a global scale.

  • For instance, a non-profit organization launched in January 2022, headquartered in Singapore, aims to revolutionize the global manufacturing industry. The International Centre for Industrial Transformation (INCIT) has plans to be a renowned international think tank and aims to roll out tools and services to pace the adoption of industry 4.0 on a global scale.

“Industrial IoT to Bolster Establishment of Smart Industries”

Smart factories of the future are being based on technologies like big data and 5G which are gaining popularity owing to increasing advancements and adoption in the manufacturing landscape. Industrial IoT (Internet of Things) is also a major trend that is transforming manufacturing, supply chain management, and other aspects of smart industries.

There has been a substantial increase in the adoption of industrial IoT components as industry 4.0 is pacing to rise.

  • For instance, in February 2022 Lantronix, a leading name in turnkey solutions for IoT, announced the launch of its industrial IoT solutions that are targeted towards industry 4.0, security, and transport.
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What Is The Regional Outlook For The Smart Factory Industry?

“Rapid Industrialization to Drive Smart Factory Demand across Regions”

Detailed assessment of smart factory market over regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been profiled in this analysis.

North America is anticipated to hold a prominent market share in the global smart factory marketplace. Adoption of smart factories in this region is driven by the presence of major companies and rapid advancements in cloud manufacturing technologies and smart manufacturing solutions.

Increasing establishment of smart manufacturing factories in the European region is expected to influence demand for smart industries in this region. Demand from the energy and utilities industry is expected to prove a lucrative industry in this region.

East Asia and South Asia are anticipated to be highly lucrative markets for smart factories. This can be attributed to rapid industrialization in these regions which has fuelled industries such as pharmaceuticals, semiconductors, electronics, and automotive. India and China are expected to spearhead smart factory demand in these regions.

Country-Wise Analysis

Will India See a Rise in the Establishment of Smart Industries?

“Government Initiatives to Drive Demand for Smart Factories in India”

The manufacturing sector in India has grown exponentially over the past few years, and this can be directly linked to rapid urbanization and industrialization in the nation. The government is supporting manufacturers to deploy smart manufacturing solutions and advancing the industry 4.0 to trend by providing subsidies to attract investors. More initiatives like Make in India are expected to boost industrial growth in the country.

Rapid technological advancements in 5G technology and cloud technology are also estimated to boost smart factory as a service demand over the forecast.

What is the Outlook for the Chinese Smart Factory Market?

“Robust Manufacturing & Industrial Activity in China to Promote Smart Factory Adoption”

China is a well-established manufacturing hub and has a highly lucrative industrial sector for the smart factory market. Smart manufacturing and automation are estimated to see high demand in China over the forecast period. Cloud-based smart factories enabled by 5G technology are expected to see notable demand in China.

Smart factory as a service is anticipated to see an increase in demand as industry 4.0 adoption increases in the Chinese industrial sector. Industrial IoT components are also anticipated to see an increase in demand due to increasing automation in smart industries.

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Category-Wise Analysis

Which Industry Sector is Anticipated to Drive Major Market Expansion?

“Automotive Industry Vertical to Majorly Influence Demand for Smart Factories”

Adoption of smart factories has been majorly driven by application in the automotive sector. The automotive sector has been undergoing some major transformations with shifting focus from IC engines to electric vehicles being the mainstream change. Automotive manufacturers are investing in the development of smart manufacturing and automation to reduce operating costs and optimize production.

Currently, the automotive industry accounts for 41.3% of the global smart factory industry, and is anticipated to maintain this stance through the forecast period as well. The electrical and electronics industry currently holds a market share of 21.4% in the global landscape, and is expected to rise at a high CAGR through 2030.

COVID-19 Impact Survey

The COVID-19 pandemic of 2020 negatively impacted the industrial sector. Lockdown mandates across the world hampered manufacturing activity and disrupted supply chains made it more difficult to keep industries running.

Adoption of smart manufacturing technologies hit a roadblock and the smart factory market experience a drop in its growth curve. Adoption of industry 4.0 was also hampered massively in the pandemic and this subsequently had a negative impact on smart industries.

This trend is expected to change and the establishment of smart factories with technologies like industrial IoT, big data, 5G network, cloud technologies, etc. Smart factory as a service is also anticipated to see a high demand in the post-pandemic era.

Competitive Landscape

Smart factory companies are investing in the research and development of smart manufacturing technologies that utilize industrial IoT components to maximize productivity and efficiency.

  • In January 2022, Neurala, a leading vision AI software company, announced the launch of its new detection technology that is aimed at improving quality inspection at smart factories. Manufacturers are aiming to optimize their smart manufacturing lines via such innovative solutions and technologies.

Smart Factory Industry Report Scope

Attribute

Details

Forecast Period

2022-2030

Historical Data Available for

2015-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • and GCC Countries

Key Market Segments Covered

  • Component
  • End User
  • Industry Vertical
  • Region

Key Companies Profiled

  • ABB Ltd.
  • Siemens AG
  • Schneider Electric SE
  • Rockwell Automation Inc.
  • General Electric Company
  • Johnson Controls International PLC
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • SAP SE
  • Oracle Corporation
  • IBM Corporation
  • Cisco Systems Inc.
  • Microsoft Corporation
  • Kollmorgen

Pricing

Available upon Request

Key Segments Of Smart Factory Industry Survey

Smart Factory Market by Component :

  • Smart Factory Hardware
    • Sensors
    • Industrial Robots
    • Machine Vision Systems
    • Industrial 3D Printing
  • Smart Factory Software
    • Human Machine Interface
    • Product Life Cycle Management
    • Distributed Control System
    • SCADA
    • ERP
    • Others
  • Smart Factory Services
    • Integration & Deployment
    • Consulting
    • Support & Maintenance

Smart Factory Market By End User :

  • Discrete Industry
  • Process Industry

Smart Factory Market By Industry Vertical :

  • Smart Factories for Automotive
  • Smart Factories for Aerospace & Defence
  • Smart Factories for Electrical & Electronics
  • Smart Factories for Food & Beverages
  • Smart Factories for Energy & Utilities
  • Smart Factories for Healthcare & Pharmaceuticals
  • Others

Smart Factory Market By Region :

  • North America Smart Factory Market
  • Latin America Smart Factory Market
  • Europe Smart Factory Market
  • East Asia Smart Factory Market
  • South Asia & Pacific Smart Factory Market
  • Middle East & Africa (MEA) Smart Factory Market

Frequently Asked Questions

The global smart factory market is projected to rise at a CAGR of 10.8% over the forecast period.

In 2022, the global smart factory market is set to be worth US$ 127.2 Bn.

The smart factory market is estimated to attain an impressive valuation of US$ 288.1 Bn by the end of 2030.

East Asia is estimated to emerge as a highly opportunistic and lucrative region for the smart factory industry over the forecast period.

Increasing demand for automation, rising technological proliferation, and growing adoption of industry 4.0 are expected to be prominent market drivers over the forecast period.

Table of Content

1. Executive Summary

      1.1. Global Market Outlook

      1.2. Demand Side Trends

      1.3. Supply Side Trends

      1.4. Analysis and Recommendations

2. Market Overview

      2.1. Market Coverage / Taxonomy

      2.2. Market Definition / Scope / Limitations

3. Key Market Trends

      3.1. Key Trends Impacting the Market

      3.2. Innovation / Development Trends

      3.3. Key Success Factors

4. Global Market - Pricing Analysis

      4.1. Component, Pricing Models

           4.1.1. Hardware Devices, Unit Price Analysis

           4.1.2. Software Pricing Models

                 4.1.2.1. Subscription-based Pricing ( Per User/Month)

                 4.1.2.2. Perpetual License (One Time License Fee)

      4.2. Global Average Pricing Analysis Benchmark

5. Impact Analysis of Pandemic Crisis & Economic Slowdown

      5.1. Impact of crisis (such as SARs/ 2008 Recession/COVID-19) on Supply Chain Management, Warehousing & Logistics

      5.2. Current Economic Projection and Probable Impact on GDP

      5.3. Future Market Impact Trends

      5.4. Recovery Scenario (Short Term/Mid Term/Long Term Impact on System Market)

      5.5. Other Key Trends

6. Market Structure Analysis

      6.1. Market Analysis by Tier of Companies

      6.2. Market Concentration

      6.3. Market Share Analysis of Top Players

           6.3.1. Hardware Vendors

           6.3.2. Software Vendors

      6.4. Market Presence Analysis

           6.4.1. Regional footprint by Players

           6.4.2. Product footprint by Players

           6.4.3. Channel footprint by Players

7. Global Demand (in Value in US$ Mn) Analysis 2015-2021 and Forecast, 2022-2030

      7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

      7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2030

           7.2.1. Y-o-Y Growth Trend Analysis

           7.2.2. Absolute $ Opportunity Analysis

8. Market Background

      8.1. Macro-Economic Factors

           8.1.1. Global GDP Growth Outlook

           8.1.2. Global ICT Spending Outlook

           8.1.3. Impact of Pandemic Crises (SARs/COVID-19)

      8.2. Forecast Factors - Relevance & Impact

           8.2.1. Historic Growth Rate of Vendors

           8.2.1. Adoption of motion control software in automotive industry

           8.2.2. Robotics for medicine and healthcare

           8.2.3. Increasing Adoption of AI Based Components

      8.3. Value Chain Analysis

           8.3.1. Hardware Vendors

           8.3.2. Software Vendors

           8.3.3. System Integrators/Value-added Resellers

           8.3.4. Distributors/Value-Added Resellers

      8.4. Market Dynamics

           8.4.1. Drivers

           8.4.2. Restraints

           8.4.3. Opportunities

9. Market, Major Use Cases

      9.1. How Companies Are Reducing Labour Involvement To Reduce Labour Cost

      9.2. How a Global Automotive Manufacturer are Investing in Factory Automation To Reduce Production Cycles

      9.3. Increasing Usage Of IoT Based Solutions To Gain High Productivity And Efficiency

      9.4. Others

10. Smart Factory, Key Features Analysis

      10.1. Connected

      10.2. Optimized

      10.3. Transparent

      10.4. Proactive

      10.5. Agile

11. Global Market Analysis 2015-2021 and Forecast 2022-2030, by Component

      11.1. Introduction / Key Findings

      11.2. Historical Market Size (US$ Mn) Analysis By Component, 2015 - 2021

      11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2022 - 2030

           11.3.1. Hardware

                 11.3.1.1. Sensors

                 11.3.1.2. Industrial Robots

                 11.3.1.3. Machine Vision Systems

                 11.3.1.4. Industrial 3D Printing

           11.3.2. Software

                 11.3.2.1. Human Machine Interface

                 11.3.2.2. Product Life Cycle Management

                 11.3.2.3. Distributed Control System

                 11.3.2.4. SCADA

                 11.3.2.5. ERP

                 11.3.2.6. Others

           11.3.3. Services

                 11.3.3.1. Consulting

                 11.3.3.2. Integration & Deployment

                 11.3.3.3. Support & Maintenance

      11.4. Market Attractiveness Analysis By Component

12. Global Market Analysis 2015-2021 and Forecast 2022-2030, by End User

      12.1. Introduction / Key Findings

      12.2. Historical Market Size (US$ Mn) Analysis By End User, 2015 - 2021

      12.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2022-2030

           12.3.1. Discrete Industry

           12.3.2. Process Industry

      12.4. Market Attractiveness Analysis By End User

13. Global Market Analysis 2015-2021 and Forecast 2022-2030, by Industry Vertical

      13.1. Introduction / Key Findings

      13.2. Historical Market Size (US$ Mn) Analysis By Industry Vertical, 2015 - 2021

      13.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Industry Vertical, 2022 - 2030

           13.3.1. Automotive

           13.3.2. Aerospace & Defense

           13.3.3. Electrical & Electronics

           13.3.4. Food & Beverages

           13.3.5. Energy & Utilities

           13.3.6. Healthcare & Pharmaceutical

           13.3.7. Others

      13.4. Market Attractiveness Analysis By Industry Vertical

14. Global Market Analysis 2015-2021 and Forecast 2022-2030, by Region

      14.1. Introduction / Key Findings

      14.2. Historical Market Size (US$ Mn) Analysis By Region, 2015 - 2021

      14.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022 - 2030

           14.3.1. North America

           14.3.2. Latin America

           14.3.3. Europe

           14.3.4. East Asia

           14.3.5. South Asia & Pacific

           14.3.6. Middle East & Africa

      14.4. Market Attractiveness Analysis By Region

15. North America Market Analysis 2015-2021 and Forecast 2022-2030

      15.1. Introduction

      15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015 - 2021

      15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2030

           15.3.1. By Component

           15.3.2. By End User

           15.3.3. By Industry Vertical

           15.3.4. By Country

                15.3.4.1. U.S.

                15.3.4.2. Canada

      15.4. Market Attractiveness Analysis

           15.4.1. By Component

           15.4.2. By End User

           15.4.3. By Industry Vertical

           15.4.4. By Country

      15.5. Market Trends

      15.6. Key Market Participants - Intensity Mapping

16. Latin America Market Analysis 2015-2021 and Forecast 2022-2030

      16.1. Introduction

      16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015 - 2021

      16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2030

           16.3.1. By Component

           16.3.2. By End User

           16.3.3. By Industry Vertical

           16.3.4. By Country

                 16.3.4.1. Brazil

                 16.3.4.2. Mexico

                 16.3.4.3. Rest of Latin America

      16.4. Market Attractiveness Analysis

           16.4.1. By Component

           16.4.2. By End User

           16.4.3. By Industry Vertical

           16.4.4. By Country

      16.5. Market Trends

      16.6. Key Market Participants - Intensity Mapping

17. Europe Market Analysis 2015-2021 and Forecast 2022-2030

      17.1. Introduction

      17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015 - 2021

      17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2030

           17.3.1. By Component

           17.3.2. By End User

           17.3.3. By Industry Vertical

           17.3.4. By Country

                 17.3.4.1. Germany

                 17.3.4.2. Italy

                 17.3.4.3. France

                 17.3.4.4. U.K.

                 17.3.4.5. Spain

                 17.3.4.6. BENELUX

                 17.3.4.7. Russia

                 17.3.4.8. Rest of Europe

      17.4. Market Attractiveness Analysis

           17.4.1. By Component

           17.4.2. By End User

           17.4.3. By Industry Vertical

           17.4.4. By Country

      17.5. Market Trends

      17.6. Key Market Participants - Intensity Mapping

18. South Asia & Pacific Market Analysis 2015-2021 and Forecast 2022-2030

      18.1. Introduction

      18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015 - 2021

      18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2030

           18.3.1. By Component

           18.3.2. By End User

           18.3.3. By Industry Vertical

           18.3.4. By Country

                 18.3.4.1. India

                 18.3.4.2. Thailand

                 18.3.4.3. Indonesia

                 18.3.4.4. Malaysia

                 18.3.4.5. Oceania

                 18.3.4.6. Rest of South Asia & Pacific

      18.4. Market Attractiveness Analysis

           18.4.1. By Component

           18.4.2. By End User

           18.4.3. By Industry Vertical

           18.4.4. By Country

      18.5. Market Trends

      18.6. Key Market Participants - Intensity Mapping

19. East Asia Market Analysis 2015-2021 and Forecast 2022-2030

      19.1. Introduction

      19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015 - 2021

      19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2030

           19.3.1. By Component

           19.3.2. By End User

           19.3.3. By Industry Vertical

           19.3.4. By Country

                 19.3.4.1. China

                 19.3.4.2. Japan

                 19.3.4.3. South Korea

      19.4. Market Attractiveness Analysis

           19.4.1. By Component

           19.4.2. By End User

           19.4.3. By Industry Vertical

           19.4.4. By Country

      19.5. Market Trends

      19.6. Key Market Participants - Intensity Mapping

20. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2030

      20.1. Introduction

      20.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015 - 2021

      20.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2030

           20.3.1. By Component

           20.3.2. By End User

           20.3.3. By Industry Vertical

           20.3.4. By Country

                 20.3.4.1. GCC Countries

                 20.3.4.2. Turkey

                 20.3.4.3. Northern Africa

                 20.3.4.4. South Africa

                 20.3.4.5. Rest of Middle East and Africa

      20.4. Market Attractiveness Analysis

           20.4.1. By Component

           20.4.2. By End User

           20.4.3. By Industry Vertical

           20.4.4. By Country

      20.5. Market Trends

      20.6. Key Market Participants - Intensity Mapping

21. Key and Emerging Countries Analysis- Market

      21.1. U.S. Market Analysis

           21.1.1. By Component

           21.1.2. By End User

           21.1.3. By Industry Vertical

      21.2. Canada Market Analysis

           21.2.1. By Component

           21.2.2. By End User

           21.2.3. By Industry Vertical

      21.3. Mexico Market Analysis

           21.3.1. By Component

           21.3.2. By End User

           21.3.3. By Industry Vertical

      21.4. Brazil Market Analysis

           21.4.1. By Component

           21.4.2. By End User

           21.4.3. By Industry Vertical

      21.5. Germany Market Analysis

           21.5.1. By Component

           21.5.2. By End User

           21.5.3. By Industry Vertical

      21.6. Italy Market Analysis

           21.6.1. By Component

           21.6.2. By End User

           21.6.3. By Industry Vertical

      21.7. France Market Analysis

           21.7.1. By Component

           21.7.2. By End User

           21.7.3. By Industry Vertical

      21.8. U.K. Market Analysis

           21.8.1. By Component

           21.8.2. By End User

           21.8.3. By Industry Vertical

      21.9. Spain Market Analysis

           21.9.1. By Component

           21.9.2. By End User

           21.9.3. By Industry Vertical

      21.10. BENELUX Market Analysis

           21.10.1. By Component

           21.10.2. By End User

           21.10.3. By Industry Vertical

      21.11. Russia Market Analysis

           21.11.1. By Component

           21.11.2. By End User

           21.11.3. By Industry Vertical

      21.12. China Market Analysis

           21.12.1. By Component

           21.12.2. By End User

           21.12.3. By Industry Vertical

      21.13. Japan Market Analysis

           21.13.1. By Component

           21.13.2. By End User

           21.13.3. By Industry Vertical

      21.14. South Korea Market Analysis

           21.14.1. By Component

           21.14.2. By End User

           21.14.3. By Industry Vertical

      21.15. India Market Analysis

           21.15.1. By Component

           21.15.2. By End User

           21.15.3. By Industry Vertical

      21.16. ASEAN Market Analysis

           21.16.1. By Component

           21.16.2. By End User

           21.16.3. By Industry Vertical

      21.17. Australia and New Zealand Market Analysis

           21.17.1. By Component

           21.17.2. By End User

           21.17.3. By Industry Vertical

      21.18. GCC Countries Market Analysis

           21.18.1. By Component

           21.18.2. By End User

           21.18.3. By Industry Vertical

      21.19. Turkey Market Analysis

           21.19.1. By Component

           21.19.2. By End User

           21.19.3. By Industry Vertical

      21.20. South Africa Market Analysis

           21.20.1. By Component

           21.20.2. By End User

           21.20.3. By Industry Vertical

22. Competition Analysis

      22.1. Competition Dashboard

      22.2. Pricing Analysis, by Competition

      22.3. Leading System Vendor Matrix

           22.3.1. Hardware Vendors

           22.3.2. Software Vendors

      22.4. Competition Deep Dive (Hardware Vendors)

           22.4.1. ABB Ltd.

                 22.4.1.1. Business Overview

                 22.4.1.2. Product & Services Portfolio

                 22.4.1.3. Profitability by Market Segments (Product/Channel/Region)

                 22.4.1.4. Sales Footprint

                 22.4.1.5. Strategy Overview

                       22.4.1.5.1. Marketing Strategy

                       22.4.1.5.2. Product Strategy

                       22.4.1.5.3. Channel Strategy

           22.4.2. Siemens AG

           22.4.3. Schneider Electric SE

           22.4.4. Rockwell Automation Inc.

           22.4.5. General Electric Company

           22.4.6. Johnson Controls International PLC

           22.4.7. Yokogawa Electric Corporation

           22.4.8. Honeywell International, Inc.

      22.5. Competition Deep Dive (Software Vendors)

           22.5.1. SAP SE

                 22.5.1.1. Business Overview

                 22.5.1.2. Product & Services Portfolio

                 22.5.1.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.1.4. Sales Footprint

                 22.5.1.5. Strategy Overview

                       22.5.1.5.1. Marketing Strategy

                       22.5.1.5.2. Product Strategy

                       22.5.1.5.3. Channel Strategy

           22.5.2. Oracle Corporation

                 22.5.2.1. Business Overview

                 22.5.2.2. Product & Services Portfolio

                 22.5.2.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.2.4. Sales Footprint

                 22.5.2.5. Strategy Overview

                       22.5.2.5.1. Marketing Strategy

                       22.5.2.5.2. Product Strategy

                       22.5.2.5.3. Channel Strategy

           22.5.3. IBM Corporation

                 22.5.3.1. Business Overview

                 22.5.3.2. Product & Services Portfolio

                 22.5.3.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.3.4. Sales Footprint

                 22.5.3.5. Strategy Overview

                       22.5.3.5.1. Marketing Strategy

                       22.5.3.5.2. Product Strategy

                       22.5.3.5.3. Channel Strategy

           22.5.4. Cisco Systems, Inc.

                 22.5.4.1. Business Overview

                 22.5.4.2. Product & Services Portfolio

                 22.5.4.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.4.4. Sales Footprint

                 22.5.4.5. Strategy Overview

                       22.5.4.5.1. Marketing Strategy

                       22.5.4.5.2. Product Strategy

                       22.5.4.5.3. Channel Strategy

           22.5.5. Microsoft Corporation

                 22.5.5.1. Business Overview

                 22.5.5.2. Product & Services Portfolio

                 22.5.5.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.5.4. Sales Footprint

                 22.5.5.5. Strategy Overview

                       22.5.5.5.1. Marketing Strategy

                       22.5.5.5.2. Product Strategy

                       22.5.5.5.3. Channel Strategy

           22.5.6. Siemens AG

                 22.5.6.1. Business Overview

                 22.5.6.2. Product & Services Portfolio

                 22.5.6.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.6.4. Sales Footprint

                 22.5.6.5. Strategy Overview

                       22.5.6.5.1. Marketing Strategy

                       22.5.6.5.2. Product Strategy

                       22.5.6.5.3. Channel Strategy

           22.5.7. Kollmorgen

                 22.5.7.1. Business Overview

                 22.5.7.2. Product & Services Portfolio

                 22.5.7.3. Profitability by Market Segments (Product/Channel/Region)

                 22.5.7.4. Sales Footprint

                 22.5.7.5. Strategy Overview

                       22.5.7.5.1. Marketing Strategy

                       22.5.7.5.2. Product Strategy

                       22.5.7.5.3. Channel Strategy

23. Assumptions and Acronyms Used

24. Research Methodology

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List of Tables

Figure 01: Global Market Size (US$ Mn) and Y-o-Y Growth Rate from 2022-2030

Table 02: Global Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 03: Global Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Table 04: Global Market Size (US$ Mn) Forecast by Region, 2015-2030

Table 05: North America Market Size (US$ Mn) Forecast by Country, 2015-2030

Table 06: North America Market Size (US$ Mn) Forecast by Component, 2015-2030

Table 07: North America Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 08: North America Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Table 09: Latin America Market Size (US$ Mn) Forecast by Country, 2015-2030

Table 10: Latin America Market Size (US$ Mn) Forecast by Component, 2015-2030

Table 11: Latin America Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 12: Latin America Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Table 13: Europe Market Size (US$ Mn) Forecast by Country, 2015-2030

Table 14: Europe Market Size (US$ Mn) Forecast by Component, 2015-2030

Table 15: Europe Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 16: Europe Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Table 17: East Asia Market Size (US$ Mn) Forecast by Country, 2015-2030

Table 18: East Asia Market Size (US$ Mn) Forecast by Component, 2015-2030

Table 19: East Asia Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 20: East Asia Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Table 21: South Asia & Pacific Market Size (US$ Mn) Forecast by Country, 2015-2030

Table 22: South Asia & Pacific Market Size (US$ Mn) Forecast by Component, 2015-2030

Table 23: South Asia & Pacific Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 24: South Asia & Pacific Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Table 25: Middle East and Africa Market Size (US$ Mn) Forecast by Country, 2015-2030

Table 26: Middle East and Africa Market Size (US$ Mn) Forecast by Component, 2015-2030

Table 27: Middle East and Africa Market Size (US$ Mn) Forecast by End User, 2015-2030

Table 28: Middle East and Africa Market Size (US$ Mn) Forecast by Industry Vertical, 2015-2030

Sudip Saha
Principal Consultant
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List of Charts

Figure 01: Global Market Size (US$ Mn) and Y-o-Y Growth Rate from 2022-2030

Figure 02: Global Market Size and Y-o-Y Growth Rate from 2022-2030

Figure 03: Global Market Value (US$ Mn), 2015-2021

Figure 04: Global Market Value (US$ Mn), 2021-2029

Figure 05: Global Market: Market Share Analysis by Component – 2022 & 2030

Figure 06: Global Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 07: Global Market: Market Attractiveness by Component

Figure 08: Global Market: Market Share Analysis by End User – 2022 & 2030

Figure 09: Global Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 10: Global Market: Market Attractiveness by End User

Figure 11: Global Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 12: Global Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 13: Global Market: Market Attractiveness by Industry Vertical

Figure 14: Global Market: Market Share Analysis by Region – 2022 & 2030

Figure 15: Global Market: Y-o-Y Growth Comparison by Region, 2022-2030

Figure 16: North America Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 17: Latin America Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 18: Europe Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 19: East Asia Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 20: South Asia & Pacific Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 21: Oceania Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 22: Middle East & Africa Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 23: Global Market: Market Attractiveness by Region

Figure 24: North America Market Value (US$ Mn), 2015-2021

Figure 25: North America Market Value (US$ Mn), 2021-2029

Figure 26: North America Market: Market Share Analysis by Country – 2022 & 2030

Figure 27: North America Market: Y-o-Y Growth Comparison by Country, 2022-2030

Figure 28: U.S. Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 29: Canada Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 30: North America Market: Market Attractiveness by Country

Figure 31: North America Market: Market Share Analysis by Component – 2022 & 2030

Figure 32: North America Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 33: North America Market: Market Attractiveness by Component

Figure 34: North America Market: Market Share Analysis by End User – 2022 & 2030

Figure 35: North America Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 36: North America Market: Market Attractiveness by End User

Figure 37: North America Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 38: North America Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 39: North America Market: Market Attractiveness by Industry Vertical

Figure 40: Latin America Market Value (US$ Mn), 2015-2021

Figure 41: Latin America Market Value (US$ Mn), 2021-2029

Figure 42: Latin America Market: Market Share Analysis by Country – 2022 & 2030

Figure 43: Latin America Market: Y-o-Y Growth Comparison by Country, 2022-2030

Figure 44: Brazil Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 45: Mexico Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 46: Rest of Latin America Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 47: Latin America Market: Market Attractiveness by Country

Figure 48: Latin America Market: Market Share Analysis by Component – 2022 & 2030

Figure 49: Latin America Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 50: Latin America Market: Market Attractiveness by Component

Figure 51: Latin America Market: Market Share Analysis by End User – 2022 & 2030

Figure 52: Latin America Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 53: Latin America Market: Market Attractiveness by End User

Figure 54: Latin America Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 55: Latin America Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 56: Latin America Market: Market Attractiveness by Industry Vertical

Figure 57: Europe Market Value (US$ Mn), 2015-2021

Figure 58: Europe Market Value (US$ Mn), 2021-2029

Figure 59: Europe Market: Market Share Analysis by Country – 2022 & 2030

Figure 60: Europe Market: Y-o-Y Growth Comparison by Country, 2022-2030

Figure 61: Germany Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 62: Italy Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 63: France Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 64: U.K. Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 65: Spain Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 66: BENELUX Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 67: Russia Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 68: Rest of Europe Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 69: Europe Market: Market Attractiveness by Country

Figure 70: Europe Market: Market Share Analysis by Component – 2022 & 2030

Figure 71: Europe Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 72: Europe Market: Market Attractiveness by Component

Figure 73: Europe Market: Market Share Analysis by End User – 2022 & 2030

Figure 74: Europe Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 75: Europe Market: Market Attractiveness by End User

Figure 76: Europe Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 77: Europe Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 78: Europe Market: Market Attractiveness by Industry Vertical

Figure 79: East Asia Market Value (US$ Mn), 2015-2021

Figure 80: East Asia Market Value (US$ Mn), 2021-2029

Figure 81: East Asia Market: Market Share Analysis by Country – 2022 & 2030

Figure 82: East Asia Market: Y-o-Y Growth Comparison by Country, 2022-2030

Figure 83: China Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 84: Japan Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 85: South Korea Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 86: East Asia Market: Market Attractiveness by Country

Figure 87: East Asia Market: Market Share Analysis by Component – 2022 & 2030

Figure 88: East Asia Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 89: East Asia Market: Market Attractiveness by Component

Figure 90: East Asia Market: Market Share Analysis by End User – 2022 & 2030

Figure 91: East Asia Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 92: East Asia Market: Market Attractiveness by End User

Figure 93: East Asia Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 94: East Asia Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 95: East Asia Market: Market Attractiveness by Industry Vertical

Figure 96: South Asia & Pacific Market Value (US$ Mn), 2015-2021

Figure 97: South Asia & Pacific Market Value (US$ Mn), 2021-2029

Figure 98: South Asia & Pacific Market: Market Share Analysis by Country – 2022 & 2030

Figure 99: South Asia & Pacific Market: Y-o-Y Growth Comparison by Country, 2022-2030

Figure 100: India Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 101: Thailand Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 102: Indonesia Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 103: Malaysia Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 104: Oceania Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 105: Rest of South Asia & Pacific Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 106: South Asia & Pacific Market: Market Attractiveness by Country

Figure 107: South Asia & Pacific Market: Market Share Analysis by Component – 2022 & 2030

Figure 108: South Asia & Pacific Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 109: South Asia & Pacific Market: Market Attractiveness by Component

Figure 110: South Asia & Pacific Market: Market Share Analysis by End User – 2022 & 2030

Figure 111: South Asia & Pacific Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 112: South Asia & Pacific Market: Market Attractiveness by End User

Figure 113: South Asia & Pacific Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 114: South Asia & Pacific Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 115: South Asia & Pacific Market: Market Attractiveness by Industry Vertical

Figure 116: Middle East and Africa Market Value (US$ Mn), 2015-2021

Figure 117: Middle East and Africa Market Value (US$ Mn), 2021-2029

Figure 118: Middle East and Africa Market: Market Share Analysis by Country – 2022 & 2030

Figure 119: Middle East and Africa Market: Y-o-Y Growth Comparison by Country, 2022-2030

Figure 120: GCC Countries Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 121: Turkey Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 122: Northern Africa Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 123: South Africa Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 124: Rest of Middle East and Africa Market Absolute $ Opportunity (US$ Mn), 2015-2030

Figure 125: Middle East and Africa Market: Market Attractiveness by Country

Figure 126: Middle East and Africa Market: Market Share Analysis by Component – 2022 & 2030

Figure 127: Middle East and Africa Market: Y-o-Y Growth Comparison by Component, 2022-2030

Figure 128: Middle East and Africa Market: Market Attractiveness by Component

Figure 129: Middle East and Africa Market: Market Share Analysis by End User – 2022 & 2030

Figure 130: Middle East and Africa Market: Y-o-Y Growth Comparison by End User, 2022-2030

Figure 131: Middle East and Africa Market: Market Attractiveness by End User

Figure 132: Middle East and Africa Market: Market Share Analysis by Industry Vertical – 2022 & 2030

Figure 133: Middle East and Africa Market: Y-o-Y Growth Comparison by Industry Vertical, 2022-2030

Figure 134: Middle East and Africa Market: Market Attractiveness by Industry Vertical

Figure 135: U.S. Market Analysis

Figure 136: Canada Market Analysis

Figure 137: Mexico Market Analysis

Figure 138: Brazil Market Analysis

Figure 139: Germany Market Analysis

Figure 140: Italy Market Analysis

Figure 141: France Market Analysis

Figure 142: U.K. Market Analysis

Figure 143: Spain Market Analysis

Figure 144: BENELUX Market Analysis

Figure 145: Russia Market Analysis

Figure 146: China Market Analysis

Figure 147: Japan Market Analysis

Figure 148: South Korea Market Analysis

Figure 149: India Market Analysis

Figure 150: Thailand Market Analysis

Figure 151: Malaysia Market Analysis

Figure 152: Indonesia Market Analysis

Figure 153: Australia and New Zealand Market Analysis

Figure 154: GCC Countries Market Analysis

Figure 155: Turkey Market Analysis

Figure 156: South Africa Market Analysis

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