DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cj2psx/smart_factory) has announced the addition of the "Smart Factory Market By Technology, Applications, & Geography - Global Forecast to 2020" report to their offering.
The global smart factory market is expected to reach nearly $67 billion by 2020, growing at a CAGR of 6% from 2014 to 2020
Smart factory is the considered to be the future of automated manufacturing. It involves high level factory automation with the help of a flexible network of cyber-physical systems (CPS). These systems are capable of responding to real-time conditions and control the flow of events during production and optimize the manufacturing operations. Thus, smart factory has the potential to transform the manufacturing industry and provide greater competitive advantage for the companies.
Smart factory market is poised for tremendous growth in industrial manufacturing. Sectors such as automotive and electrical and electronics have already begun adopting the same for their operations. Materials and mining industries are also utilizing smart factory technologies to increase their production output as well as improve safety of their employees and equipment. Food and beverages and pharmaceutical industries are the sectors that are emerging in the adoption of smart factory technologies in their production processes.
This report covers the smart factory market on the basis of different types of technology, applications, and geography. Product Lifecycle Management (PLM), Manufacturing Execution System (MES), and industrial automation are the technologies that are essential in implementing a smart factory. Hence, the market for these three technologies is covered in our study. The market for industrial automation is further broken down into sensors and actuators, communication technologies, industrial robotics, and industrial control systems like Programmable Logic Controller (PLC), Supervisory Control And Data Acquisition (SCADA), and Distributed Control System (DCS). Major smart factory applications covered in the report are automotive, electrical and electronics, materials and mining, food and beverages, pharmaceuticals, and other sectors.
Considering the geographical scenario of the smart factory market, Asia-Pacific occupied the leading position, in 2013 owing to the large number of manufacturing industries in this region. It is also expected to exhibit the highest growth during the forecast period between 2014 and 2020.
Some of the major industry players in the smart factory market are Siemens AG (Germany), GE Company (U.S.),Robert Bosch GmbH, (Germany),ABB Ltd. (Switzerland), and Rockwell Automation, Inc. (U.S.) among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Factory Market By Technology
8 Smart Factory Market by Application
9 Smart Factory Market By Geography
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/cj2psx/smart_factory