Asia Pacific Smart Factory Market – Size, Outlook, Trends and Forecast (2024

Asia Pacific Smart Factory Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Smart Factory refers to the industrial digitalisation by combining emerging technologies such as machine learning, artificial intelligence, internet of things, machine-to-machine communication, and automation to produce more efficient throughput.

Asia Pacific Smart Factory Market Segments Size & Growth:

Asia Pacific Smart Factory Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in usage of technology and demand for industrial robots. Though, Increase in capital expenditure hamper the growth of the Asia Pacific Smart Factory market.

Asia Pacific Smart Factory Market Segments Share:

Asia Pacific Smart Factory market is categorised into by-product which consists of sensors, control devices, industrial robotics, machine vision systems, communication technologies, and wireless technologies. Industrial robotics is expected to grow at a quick pace due to increase in productivity, reduce errors and improve production volume. By technology, it is classified by the distributed control system, programmable

Asia Pacific Smart Factory Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

logic controller, supervisory control and data acquisition, human-machine interface, manufacturing execution system, product lifecycle management, and enterprise resource planning. A distributed control system is the leading market owing to the finest control and helps in real-time monitoring. By end-user, it is segmented as automotive, electrical & electronics, oil & gas, chemical & petrochemical, manufacturing, aerospace, defence, pharmaceuticals, food & beverages, mining & metals, pulp & paper, and some others. The automotive industry is projected to have a significant growth because of the employment of automation for better productivity and to cut the operational cost.

By Geography, China is dominating the growth of the Asia Pacific Smart Factory market and the growth in the Asia Pacific is mainly attributed because of the technological innovations and rapid increase in adoption of the automotive sector. Furthermore, India is witnessing the fastest growth during the forecast period, due to investments in digitalisation of automotive industries and emerging technologies.

Asia Pacific Smart Factory Market Segments Trends:

In January 2018, Honeywell has launched an Indoor navigation app which is known as “Honeywell Vector Occupant App” to have control over the building.
In December 2017, Yokagawa launched a novel platform for enterprise operations FAST/TOOLS R10.03 real-time management operations.

Asia Pacific Smart Factory Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Fanuc Corp.
Yokogawa Electric Corp.
Mitsubishi Electric Corporation
Emerson Electric Company
Honeywell International, Inc.

Market Segments Trends: In

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Asia Pacific Smart Factory Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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