Concise Analysis on the International Smart Factory Market - Forecasts to 2018

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Feb 04, 2014, 05:38 ET

DUBLIN, February 4, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/92jw2z/smart_factory) has announced the addition of the "Concise Analysis on the International Smart Factory Market - Forecasts to 2018" report to their offering.

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Smart factory concept is an emerging trend in the manufacturing world. It is a new dimension of multi-scale manufacturing by using the state-of-the-art ubiquitous/pervasive computing technologies. The smart factory concept is believed to change the way our factories work. In the factory of the future', everything will be interdependent as the virtual world of IT and physical world of manufacturing will merge together to provide a seamless integration of the process and people. Smart factory products, resources and processes are characterized by cyber-physical systems where materials are moved efficiently across the factory floor. This would provide significant real-time quality, time, resource, and cost advantages in comparison with the traditional production systems. Sensing components such as actuators and sensors within the industrial set-up are expected to become "smart" as they are, increasingly, becoming self-sufficient with integrated computing abilities and low power consumption.

The smart factory will involve consolidation of existing solutions based on a holistic integration of field devices and technologies. There is an increasing trend towards the amalgamation of different manufacturing software such as ERP, MES, PLM and MOM. The future solution would be a more integrated package with no clear distinctions. This integration is being driven by the need for seamless exchange of business intelligence to enhance the efficiency by the optimization of resource planning. Industrial network, RFID systems, industrial robotics and control devices are being increasingly integrated with technology to achieve synchronized flow of information and a better control in industrial setup. This trend is expected to drive the market growth for both, the technology and field device.

The key companies in the emerging smart factory market include ABB Limited (Switzerland), Rockwell Automation Inc. (U.S.),and General Electric (U.S.), Siemens AG (Germany), Schneider Electric SA (France), Mitsubishi Electric Corporation (Japan), and Invensys Plc (U.K.), SAP AG (Germany), PTC (U.S.), Dassault Systemes S.A ( France), Cadence Design Systems, Inc. (U.S.), and Siemens PLM Software (U.S.) among others.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Technology Market

5 Field Devices Market

6 Application Market

7 Geographic Analysis

8 Competitive Landscape

9 Company Profiles

Companies Mentioned: