Factory Automation Market Getting Smart

Smart factory brings the cyber physical system to the manufacturing forefront, and connects every process and player in the value chain

DALLAS, March 10, 2014 /PRNewswire/ -- The Smart Factory Market by Technology (SCADA, DCS, PLC, ERP, MES, PLM, MOM), Field Devices (Industrial Network, Robotics, RFID, and Motors and Drives, Relays and Switches, and Sensors), Application (Process, Discrete) Global Forecast and Analysis (2013 - 2018) report presents the future of the global smart factory automation market and industry from both technical and market-oriented perspectives with techno-market-oriented roadmaps till 2018.

This report describes the market trends, drivers, restraints and opportunities of the smart factory market, and forecasts the market to 2018, based on technology, field devices, application and geography. The report presents a detailed analysis of the technology market, such as industrial control system (SCADA, PLC, and DCS), ERP, MES and PLM, and forecasts the growth for each one of them. The report covers regions such as Americas, Europe, Asia-Pacific, and the rest of the world (ROW). In 2012, Americas was the largest region in terms of market revenue for the smart factory market. APAC, Europe and ROW are also promising markets, with China, Germany and Africa providing an impetus to the growth.

Smart factory not only brings the cyber physical system at the forefront of manufacturing, but also connects every process and player across the value chain, thereby aiming to achieve zero-waste production and the shortest time to market the product. The smart factory is referred to as a fully integrated and affordable factory automation solution that streamlines the flow of materials through a manufacturing facility. Most of the industry experts believe that the smart factory will be the next big fixation in the industrial revolution. It offers MES and factory specific templates, enables problem visibility, and delivers factory reports and dashboards so that inventory control and decision-making can be improved.

The total global market is expected to reach market revenue of $246.03 billion by 2018. In terms of technology, ICS accounted for the largest market revenue at $40.04 billion, while MES enjoyed the least market share, in 2012.However, MES is expected to grow at the highest CAGR from 2013 to 2018. For the field devices segment, industrial robotics accounted for the largest market revenue, while RFID systems enjoyed the least market revenue in 2012. Americas, with U.S. commanded for about 32 percent of the market share revenue. However, Asia-Pacific, with Korea and China leading the way, is likely to grow at the highest CAGR.

The Smart factory is being referred to as "industry 4.0" or the "fourth industrial revolution." Industry experts opine that this will contribute in industrial automation to a large extent, especially in heavy industry manufacturing. This is like a gleam of light, a shining, interconnected web of information and production in industrial revolution.

Key findings of the smart factory report include:

Total revenue is expected to grow at an estimated CAGR of 8.08 percent from 2013 to 2018. Analysis of the global market focuses on high growth applications in each vertical and fast-growing application market segments. Detailed analysis of the mature and emerging market by application and by geography. The key trends related to product technology, prices, and the applications that shape and influence market. The PLC market in China holds huge potential, especially in manufacturing of textiles machinery and rubber machinery. The deployment of CPS in production systems has become a key enabler of the smart factory. Illustrative segmentation, analysis and forecast of major geographical markets to give an overall view of the global market. Detailed competitive landscape with identification of key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares and market share rankings. Competitive intelligence from company profiles, key player strategies and game-changing developments, such as product launches and acquisitions. Detailed Porter's analysis to define the current scenario of the smart factory industry.

The smart factory automation market research report profiles 23 promising players with SWOT analysis of key players in the smart factory market ecosystem. These include ABB LTD, Apriso Corporation, CMC Associates, Dassault Systems, Emerson Electric Co., Fraunhofer-Gesellschaft, Freescale Semiconductor INC., General Dynamics Corporation, General Electric CO., Honeywell International INC., Intel Corporation, Invensys PLC, Johnson Controls, INC., Microsoft, Mitsubishi Electric Corporation, National Instruments Corporation, Operator System, Rockwell Automation, INC., Schneider Electric SA, Siemens AG, System Insights, INC., Teledyne Technologies INC and Ubisense Group PLC.

The competitive landscape of the market presents quite an interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a series of new product launches, and announcements and partnerships across the value chain. A few big announcements by small and big players alike are expected in the coming months.

SOURCE ReportsnReports.com