Product Code: GVR-4-68040-124-7
Smart Factory Market Growth & Trends:
The global smart factory market size is anticipated to reach USD 272.64 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 10.0% from 2025 to 2030. The market for smart factory has experienced remarkable growth in recent years, primarily attributed to several factors. These include the increasing adoption of Industry 4.0 concepts characterized by integrating digital technologies such as the Internet of Things (IoT), AI, Machine Learning (ML), and industrial automation. These technologies enhance operational efficiency and enable real-time data analysis, fostering agile and responsive manufacturing processes.
Moreover, the need for cost optimization and resource efficiency has prompted businesses to invest in smart factory solutions, as they promise reduced downtime, minimized wastage, and improved resource allocation. Besides, the growing emphasis on sustainability and environmental concerns has led manufacturers to gravitate towards the adoption of smart factories to monitor and optimize energy consumption and reduce their carbon footprint.
Additionally, technological advancements such as integrating connected devices with IoT and cloud computing act as development factors. Automated material handling, electronic and mechanical assembly, and product testing are all made easier with these cutting-edge technologies. Force sensors are also used in smart factories to maintain constant force during polishing, buffing, and deburring, collect data for statistical process control (SPC) systems, and ensure proper component insertion. Additional aspects, including the inclusion of the Industrial Internet of Things (IIoT) and the growing usage of smart factory solutions for the production of complex automotive and medical components, are expected to propel the smart factory sector during the forecast period.
Several companies operating in the market for smart factory adopt strategies such as mergers, acquisitions, partnerships, and innovations to enhance their product offerings to cater to the larger customer base and strengthen their foothold in the industry. For instance, in October 2022, ABB Robotics launched the IRB 1010, the smallest-ever industrial robot. The compact system is developed to help electronics manufacturers improve the production of devices such as smart watches, sensors, earphones, and health trackers.
This industrial robot by ABB Robotics also comes with a high payload capacity and accuracy. The compact system is created to assist electronics manufacturers in enhancing their production of devices such as earphones, health trackers, smartwatches, and sensors through automation. Such advancements are poised to fuel the growth of the smart factory industry in the coming years.
Smart Factory Market Report Highlights:
- Based on technology, the Distributed Control Systems (DCS) segment accounted for the largest market share in 2024. This is attributed to the growing investments from the industrial sector, such as food & beverage, mining & metal, metallurgy, and electronics, in developing economies
- Based on field devices, the sensors segment is expected to expand at the highest CAGR by 2030, owing to their increasing self-sufficiency with low power consumption and integrated computing abilities
- Based on application, the automotive segment accounted for the largest revenue share in 2024 and is expected to continue the same trend over the forecast period. Automotive manufacturers are investing heavily in the development of smart manufacturing and automation to optimize production and reduce operating costs
- The Asia Pacific regional market accounted for the largest revenue share in 2024. This is attributed to the heavy investments of developing countries in smart technologies to keep abreast of international manufacturing standards and trends
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Smart Factory Market Snapshot
- 2.2. Smart Factory Market- Segment Snapshot (1/2)
- 2.3. Smart Factory Market- Segment Snapshot (2/2)
- 2.4. Smart Factory Market- Competitive Landscape Snapshot
Chapter 3. Smart factory market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's five forces analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Smart Factory Market: Emerging Technologies
Chapter 4. Smart Factory Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Factory Market: Technology Movement Analysis, USD Million, 2024 & 2030
- 4.3. Distributed Control Systems (DCS)
- 4.3.1. Distributed Control Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.4. Enterprise Resource Planning (ERP)
- 4.4.1. Enterprise Resource Planning (ERP) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.5. Human Machine Interface (HMI)
- 4.5.1. Human Machine Interface Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.6. Manufacturing Execution System (MES)
- 4.6.1. Manufacturing Execution Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.7. Product Life Cycle Management (PLM)
- 4.7.1. Product Life Cycle Management (PLM) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.8. Program Logic Controller (PLC)
- 4.8.1. Program Logic Controller (PLC) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.9. Supervisory Controller and Data Acquisition (SCADA)
- 4.9.1. Supervisory Controller and Data Acquisition (SCADA) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.10. Others
- 4.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 5. Smart Factory Market: Field Devices Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Factory Market: Field Devices Movement Analysis, USD Million, 2024 & 2030
- 5.3. Sensors
- 5.3.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.4. Industrial Robotics
- 5.4.1. Industrial Robots Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.5. Machine Vision Systems
- 5.5.1. Machine Vision Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 6. Smart Factory Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Factory Market: Application Movement Analysis, USD Million, 2024 & 2030
- 6.3. Aerospace & Defense
- 6.3.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.4. Automotive
- 6.4.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.5. Energy & Power
- 6.5.1. Energy & Power Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.6. Food and Beverages
- 6.6.1. Food and Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.7. Healthcare
- 6.7.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.8. Semiconductor & Electronics
- 6.8.1. Semiconductors & Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.9. Oil & Gas
- 6.9.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.10. Others
- 6.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Smart Factory Market by Region, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Smart Factory Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.2.3. Canada
- 7.2.3.1. Canada Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3. Europe
- 7.3.1. Europe Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.2. UK
- 7.3.2.1. UK Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.3. Germany
- 7.3.3.1. Germany Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.4. France
- 7.3.4.1. France Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.5. Italy
- 7.3.5.1. Italy Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.6. France
- 7.3.6.1. Spain Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.6.2.
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.2. China
- 7.4.2.1. China Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.3. Japan
- 7.4.3.1. Japan Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.4. India
- 7.4.4.1. India Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.6. Australia
- 7.4.6.1. Australia Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.5. Latin America
- 7.5.1. Latin America Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6.2. UAE
- 7.6.2.1. UAE Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Smart Factory Market Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 8. Smart factory market - Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Emerson Electric Co.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments
- 8.4.2. KUKA AG
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments
- 8.4.3. Siemens AG
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments
- 8.4.4. GE Vernova (General Electric Company)
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments
- 8.4.5. Rockwell Automation, Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments
- 8.4.6. Schiender Electric
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments
- 8.4.7. Honeywell International, Inc.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments
- 8.4.8. ABB Ltd.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments
- 8.4.9. Mitsubishi Electric Corporation
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments
- 8.4.10. Fanuc Corporation
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments
- 8.4.11. Cisco System Inc.
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Recent Developments
- 8.4.12. Dassault Systemes S.E
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Recent Developments