Dublin, March 08, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/8kpzsl/smart_factory) has announced the addition of the "Smart Factory Market - Global Forecast to 2022" report to their offering.
Factors that drive the growth of the smart factory market include integration of engineering and manufacturing by the adoption of IoT and advancements in M2M communication in the industrial sector. Smart manufacturing helps in improving the energy efficiency of the processes. Companies adopt smart factory solutions to visualize and optimize the value chain and processes across their plants, identify all the loop holes, and optimize the energy usage.
The scope of this report covers the smart factory market, segmented on the basis of technology, component, industry, and geography. The ERP technology held the largest share of the market, based on technology, in 2015. ERP facilitates the flow of information among all the business functions inside the boundaries of the organization and manages relations with the outer stakeholders. As SaaS ERP is gaining momentum, the ERP market is expected to gradually shift from a licensed to a subscription model in the next five years.
The market for machine vision is expected to grow at the highest rate during the forecast period. The machine vision systems have been increasingly gaining popularity as these are easy to use. Recent advancements in the machine vision technology such as smart cameras have increased the scope of the smart factory market for machine vision for wider applications in the industrial and non-industrial sectors.
The smart factory market has been segmented on the basis of industry into the process and discrete industries. Due to the rapidly changing pattern of consumption and production of goods and services, the demand for smart factory is increasing across both the industries. The market for the pharmaceuticals industry, a subsegment of the process industry, is expected to grow at the highest CAGR between 2016 and 2022. The automotive industry, a subsegment of the discrete industry, held the largest share of the market in 2015 and is expected to dominate the market till 2022.
APAC is expected to hold the largest share and dominate the smart factory market between 2016 and 2022, owing to the growth in the manufacturing sector in China and India. The geographical expansion of key automotive manufacturers in APAC is also creating new opportunities for the market in this region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market By Technology
8 Market,By Component
9 Market By Industry
10 Market,By Geography
11 Competitive Landscape
12 Company Profiles
Companies Mentioned:
- ABB Ltd.
- Atos SE
- Emerson Electric Company
- Fanuc Corp.
- Freescale Semiconductor, Ltd.
- General Electric Company
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Kuka Aktiengesellschaft
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Schnieder Electric
- Siemens AG
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/8kpzsl/smart_factory