Smart Factory Market: Global Industry Analysis and Forecast 2015 - 2021

Persistence Market Research

Smart Factory Market: Global Industry

Analysis and Forecast 2015 - 2021

Persistence Market Research

Smart Factory Market: Global Industry Analysis and Forecast 2015 - 2021
Persistence Market Research Released New Market Report on Smart Factory Market:
Global Industry Analysis and Forecast 2015 - 2021.
Smart factories are affordable and offer fully integrated automation solutions for manufacturing facilities to
streamline the flow of materials during the manufacturing process. Smart factories are characterized by
increasing the use of technology and field devices to offer complete automation in manufacturing process.
By incorporating cyber physical system into the forefront of manufacturing flow, smart factories are able to
connect every process and component across the value chain. This interconnection of information and
production has revolutionized the automation industry and thereby, facilitated manufacturing units to
perform at an optimum level. Moreover, manufacturing companies are able to achieve shortest time to
market and zero waste production through smart factories. Automation in smart factories makes the use
of various control devices such as sensors, motors, drives, switches and relays and networks
technologies such as wired, wireless and radio frequency identification (RFID). Integrated systems such
as Manufacturing Execution System (MES), Information Technology (IT) system, Programmable Logic
Control (PLC), Enterprise Resource Planning (ERP) and Supervisory Control and Data Acquisition
(SCADA) are designed to meet the specific requirements of a manufacturing unit. These industrial control
systems manage the process and streamline the flow of materials across the manufacturing line. Smart
factories also make use of industrial robots such as articulated robots, SCARA (Selective Compliance
Assembly Robot Arm or Selective Compliance Articulated Robot Arm) robots, Cartesian robots, cylindrical
and other robots for various manufacturing processes such as painting, welding, conveyance, heavy
lifting etc.

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One of the major factors driving the growth of smart factory market is the increasing need for improving
efficiency and energy saving in the manufacturing process. Automation has enabled manufacturing units
to utilize every second of production time through efficient streamlining of the manufacturing process.
Technological advancements such as machine to machine communication enable smart factories to
eliminate wastage of time caused due to the delay in the process change. Moreover, with rise of Internet
of Things (IoT) and services, integration of manufacturing and engineering processes has experienced a
tremendous leap forward. However, the growth of smart factory market faces a few restraints due to lack
of standardization and interoperability issues. These factors raise concerns in designing integrated
solutions using components provided by several automation solution providers. The shortage of trained
workers and increasing skill gap further restrains the growth of smart factory market. Other crucial factors

Persistence Market Research

Smart Factory Market: Global Industry Analysis and Forecast 2015 - 2021
such as cyber security threats and associated costs limit the growth of this smart factory market in
industries such nuclear, weapons and armaments.

With its immense applications in industries such as automotive and transportation, packaging, mining of
minerals and metals, chemicals, pharmaceuticals and process industries such as oil and gas, the smart
factory market is expected to experience immense growth in coming years. Thereby, companies have
invested heavily to explore untapped opportunities in the applications of industrial robots and control
devices.

Some of the major players in smart factory market include Intel Corporation, General Dynamics
Corporation, CMC Associates, Freescale Semiconductor Inc., Honeywell International Inc., Johnson
Controls Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Siemens AG, Schneider Electric
SA, General Electric Co., Apriso Corporation, Emerson Electric Co., Invensys Plc., Teledyne Technologies
Inc., ABB Ltd., Fraunhofer-Gesellschaft, and National Instruments Corporation.

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Key points covered in the report:1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full All Upcoming Persistence Market's report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
About Us:
Persistence Market Research is a global market research firm specializing- syndicated
research, custom research, and consulting services
Persistence Market Research

Smart Factory Market: Global Industry Analysis and Forecast 2015 - 2021

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