Global Smart Factory Strategic Analysis Report 2023: Market to Reach $294.9 Billion by 2030 - U.S. Market is Estimated at $30.1 Billion, While China is Forecast to Grow at 9.9% CAGR

Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The "Smart Factory - Global Strategic Business Report" report has been added to's offering.

Global Smart Factory Market to Reach $294.9 Billion by 2030

The global market for Smart Factory estimated at US$152.2 Billion in the year 2022, is projected to reach a revised size of US$294.9 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030.

Control Equipment & Software, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$127.5 Billion by the end of the analysis period. Growth in the Reporting & Analysis Software segment is estimated at 10% CAGR for the next 8-year period.

The U.S. Market is Estimated at $30.1 Billion, While China is Forecast to Grow at 9.9% CAGR

The Smart Factory market in the U.S. is estimated at US$30.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$62.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Select Competitors (Total 209 Featured)

  • Daimler AG
  • Fortinet, Inc.
  • Advantech Co., Ltd.
  • Festo Belgium NV
  • AT&T Enterprise Business
  • Arburg GmbH + Co. KG
  • Critical Manufacturing S.A.
  • ebm-papst Mulfingen GmbH & Co. KG
  • Exor International SpA
  • Flocktons TVP
  • Comau SpA
  • EOS GmbH
  • CyberX
  • Altizon Systems Pvt., Ltd.
  • BinMaster

    What`s New?
  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report AttributeDetails
No. of Pages851
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$152.2 Billion
Forecasted Market Value (USD) by 2030$294.9 Billion
Compound Annual Growth Rate8.6%
Regions CoveredGlobal


  • Pivotal Role of Smart Factory Solutions in the Evolution of the Digitized Intelligent Factories of the Future
  • Intelligent, Digitized & Automated Smart Factories to Transform the Manufacturing Industry
  • Digital Factory Technologies for Improved Manufacturing Cell Design and Robotic Automation
  • Intelligent Factories Provide Manufacturers New Business Opportunities
  • Intelligent Factory Positively Impact Changes in Workforce Deployment
  • Intelligent Factories Make Unplanned Downtime a Thing of the Past
  • Intelligent Factories are Secured against Enhanced Threat Levels
  • Intelligent Factories Enable Connected Supply Chain
  • Technologies that Transform Traditional Factories into Intelligent Factories
  • Fast Evolving Role of Industrial IoT Augurs Well for Future Expansion
  • Industrial IoT: The Most Critical Technology for Industry 4.0 Transformation
  • How Can IoT Meet the Needs of the Manufacturing Industry?
  • Industrial IoT Enables Transition to Intelligent Factories
  • Discrete Manufacturers Experiment with IoT Implementations
  • IoT Set to Revolutionize the Supply Chain
  • Essential IoT-based Digital Initiatives for Successful Transition of Manufacturers to Industry 4.0
  • Emphasis on Gaining Competitive Edge Steers IIoT Adoption
  • Machine Monitoring: The Most Common Way to Implement IIoT in Machine Shops
  • Real-time Simulations: A Promising Technology Connecting Human, Machine, and Products in Smart Manufacturing
  • M2M Communication: Essential for Seamless Connectivity between Multiple IoT Devices
  • Need to Upgrade Existing Factories Offers Huge Untapped Market Growth Potential
  • Aging Workforce & Shortage of Skilled Labor Aggravates the Woes of Old Factories
  • Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
  • Digital Talent: Need of the Hour for Digital Transition of Industrial Processes
  • The Promise of Smart Factory in Ensuring Supply Chain Resilience Widens the Business Case
  • AI for the 'Smart' Factor in Future Manufacturing Facilities
  • Steady Adoption of Sophisticated Connectivity Solutions Lends Traction to Market Growth
  • Mobile Technologies Enable Real-time Data Capture & Access for Creating Connected Production Environment
  • Growing Use of Mobile Devices & Mobile Apps in Manufacturing Environments
  • Overhaul of Existing Network Technologies: Essential for Industry 4.0
  • 5G: A Network Technology with Enormous Potential to Drive Adoption of Industry 4.0
  • Big Data and Cloud Computing: The New ICT Frontiers for Industry 4.0 Implementations
  • Analytics: Critical for Making Sense of Data Deluge Resulting from the Transition to Smart Manufacturing
  • Using Data for Enhanced Decision Making
  • Smart Manufacturing: Major Application Area for Big Data Enabled Market
  • Manufacturing-as-a-Service: An Apt Answer to the Growing Needs for Mass Customization
  • Rising Need to Integrate Physical, Networking and Computation Processes Drive Demand for Cyber-Physical Systems
  • Machine Tools: Promising Cyber Physical Systems
  • Decentralized Model and BlockChain Enhances Continuous, Rapid Manufacturing
  • Augmented Reality: Facilitating Industry 4.0 in a Fast, Interactive, and Reliable Way
  • Industry 4.0 to Create Need for Mobile AR in Manufacturing Sector
  • Enterprise Mobility, BYOD and CYOD to Drive Adoption of Mobile AR and Smart Wearables in Production Plants
  • First-Person View (FPV) Communications Significantly Reduce Personnel Overheads
  • Inspection, Maintenance & Repair of Production Floor Machinery: The 'Hands-Free View' Attribute of Smart AR Glasses
  • The Vital Nature of Automated Material Handling in Industry 4.0 Spurs Market Demand
  • Autonomous Vehicles: The Future of Material Handling Automation
  • Self-Driving Vehicles to Transform Logistics Marketplace
  • Advanced Robotics Impacts Automated Material Handling Equipment
  • MES/MOM Systems: A Competing or Complimentary Technology to Smart Manufacturing?
  • Manufacturing Execution System (MES): A Vital Cog in the Digitized Manufacturing Industry
  • Supervisory Control and Data Acquisition (SCADA): The Backbone of the Smart Manufacturing Industry
  • Complexity of Modern Industrial Processes Provides a Business Case for SCADA
  • Smart & Intelligent Sensors: Basic Building Blocks of Smart Factory
  • Sensor Manufacturers Enhance Capabilities to Meet Turnkey Solutions Demand of Manufacturers
  • Myriad Benefits of Robots in Various Processes and Applications to Make the Fourth Industrial Revolution a Reality
  • Growing Installations of Robots across Industrialized Countries Boost Market Prospects
  • Additive Manufacturing (AM): Applications Timeline
  • Rapid Manufacturing or DDM: Emerging Application of 3D Printing
  • Additive Manufacturing of Metal Parts: An Evolving Market
  • Mass Customization Represent the Key to Growth
  • 3D Printing: Can it Completely Replace Conventional Manufacturing?
  • Favorable Regulations and Standards Promote Adoption of Smart Factory Solutions on Factory Floors
  • Standardization of Technologies: Critical for Smart Manufacturing Implementations
  • Open Platform to Facilitate Migration towards Smart Manufacturing
  • Industry 4.0/Smart Manufacturing: Key Issues & Challenges
  • Huge Investments & Complex Networks
  • Lack of Standardization & Privacy Concerns
  • Cyber Security: A Major Risk of Industry 4.0
  • Loss of Employment Opportunities
  • Solutions to Resolve Technical Challenges Facing Establishment of Smart Factories
  • End-Use Application Sectors: Trends & Drivers
  • Ushering the Era of Smart Automotive Factories
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Adoption of Industry 4.0 Inevitable for Food & Beverage Manufacturers for Driving Efficiencies
  • Beer Brewing Industry: Another Important Industry Set to Adopt Industry 4.0
  • Digitization in Beer Brewing Industry
  • Innovations and Advancements
  • Autonomous Robots: Powering the Factory of the Future
  • Collaborative Robots to Work Hand-in-Glove with Humans in Smart Factories
  • Digital Twin: The Next-Gen Manufacturing Software for Industry 4.0
  • Edge Computing Seeks Role in Smart Factory
  • Exosuits: Safety Standard for Workers in Dangerous Factory Jobs
  • Siemens' Totally Integrated Automation (TIA) & Digital Enterprise Platform
  • GE's Transformational Real-time Operational Intelligence
  • FlexSim Simulation Technology
  • genua's Cyber-Diode for Improved IT Security in Smart Factory Environments
  • Baxter Robot: The Worker's Friend
  • HARTING's Solutions for Integrated Industry
  • SmartFactoryOWL: An Integrated System for Needs-Oriented Assembly Operations
  • Asseco's APplus ERP II Solutions for SMEs
  • BOGE airstatus Remote Diagnostics Tool
  • Huawei's Smart and Connected Industrial Network Solution
  • Flexible Conveyor Matrix Enables Networked & Cognitive Production
  • M&M Cloud-based Service Platform Aids Continual Condition Monitoring
  • ORBIS MPS for Transparency of Processes in Production & Intralogistics Areas
  • Programmable Automation Controller (PAC): Combining PLC Features with Real-Time Motion Control
  • Schaeffler Develops New Torque Sensor Technology
  • SICK IO-Link Sensors Provide Better Capabilities to Packaging Machines
  • Trebing + Himstedt Develop Self-Organized Capacity Management System
  • Openmatics Develops ZF Logistics Tag based on BLE Technology
  • Notable AR Innovations in Digital Manufacturing
  • Noteworthy Adoptions and Implementations
  • Audi's Smart Factory
  • Nokia Digital Factory to Leverage 5G and Cobots for Complete Automation
  • Foxconn Uses CNC Machines
  • BMW Group Implements Industry 4.0
  • FirstBuild's Internet-enabled Refrigerator with 3D-Printed Accessories
  • Weidmuller Chooses Smart Technology for Regulating Fluctuations in Production
  • ARBURG Employs Industrie 4.0 for Production of Individualized Products
  • Bosch Rexroth Adopts Industrie 4.0 Concepts
  • ebm-papst Benefits from Digitalization of Production Processes
  • Siemens & Festo Collaborate for Innovative Multi-Carrier-System
  • KUKA's Robot Provides Flexibility to Siemens Lead Factory for Electric Motors
  • Sigma Air Manager 2 Master Controller Enables Intelligent Use of Compressed Air
  • KSB's Digital Pump Solutions: Improving Production Functions & Services
  • Schwering & Hasse Uses proALPHA Software for Automated Analysis of Production Data
  • Eickhoff Wind Power Implements PROXIA Software for Seamless Production Monitoring
  • Other Noteworthy Smart Factory/Industry 4.0 Adoptions & Implementations

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