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The smart factory market size, in terms of value, is expected to reach USD 74.80 Billion by 2022, at a CAGR of 10.4% between 2016 and 2022. Though the smart factory market is currently dominated by the discrete industry, the market for the process industry is expected to gain traction and grow at the highest CAGR during the forecast period. This report forecasts the market size and future growth potential of the market across different segments such as technology, component, industry, and region. The base year considered for the study is 2015 and the forecast period is from 2016 and 2022. The research methodology used to estimate and forecast the smart factory market begins with gathering data on key vendor revenues through secondary research. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global smart factory market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews of key industry people, including CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the figure below: 
To know about the assumptions considered for the study, download the pdf brochure The key players in the smart factory market include FANUC Corporation, Siemens AG, ABB Ltd., Honeywell International, Inc., and Yokogawa Electric Corp. among others. These players have adopted various strategies such as partnerships, agreements, contracts, mergers & acquisitions, and new product developments to achieve growth in the global market. Key Target Audience - Semiconductor product designers and fabricators
- Raw material & manufacturing equipment suppliers
- Hardware & software manufacturers
- Government and financial institutions
- Manufacturing execution system (MES) players
- Product lifecycle management (PLM) players
- Original equipment manufacturers (OEMs)
- Distributors and retailers
- Automation product manufacturers
- Research organizations
- Technology standard organization, forums, alliances, and associations
- Technology investors
Scope of the Report The research report segments the smart factory market into the following submarkets: By Technology: - PLM
- MES
- PLC
- SCADA
- ERP
- DCS
- HMI
By Component: - Sensors & Actuators
- Communication Technologies
- Industrial Robotics
- Machine Vision
- Control Devices
- Control Valves
By Industry: By Region: Available Customizations With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report: Company Information - Detailed analysis and profiling of additional market players (up to five)
- Additional regional analysis
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