Zion Market Research Smart Factory Market, 2015 - 2021 | Page 3

Smart Factory Market
This trend is of substantial value in industries such as transportation, packaging, oil, mining of
minerals, and others. Hence, companies all over the world are investing in this untapped
industry. However, lack trained man force and growing skill gap factors hindering the growth of
the global smart factory market.
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The global smart factory market is segmented on the basis of products, end-users, technology,
and region. On the basis of products, the global market is segmented as industrial robotics,
control devices, machine vision system, communication technology, and sensors. Industrial
robotics and machine vision system are dominating the market. On the basis of end-users, the
global market is segmented as chemical & petrochemical, aerospace, oil & gas, automotive,
mining, defense, and others. Of which, the chemical & petrochemical segment is leading the
market followed by oil and gas. On the basis of technology, the global smart factory market is
divided as production lifecycle management, enterprise resource planning, distributed control
system, programmable logic controller, and others.
North America is leading the global smart factory market. This trend is followed by Asia Pacific.
As the market is growing, industries are finding better ways to cater to the customers and users
of these technologies by investing more in R&D process.
Some of the major companies leading this market include General Dynamics Corporation,
Freescale Semiconductor Inc., Intel Corporation, Siemens AG, and Emerson Electric Co. Other
major players influencing the global market are CMC Associates, Apriso Corporation, National
Instruments Corporation, Invensys Plc., ABB Ltd., and Fraunhofer-Gesellschaft.