Global Smart Factory Market Size & Outlook
The smart factory industry worldwide is expected to reach a projected revenue of US$ 135.2 million by 2030. A compound annual growth rate of 8.8% is expected of the worldwide smart factory industry from 2024 to 2030.
Revenue, 2023 (US$M)
$75.1
Forecast, 2030 (US$M)
$135.2
CAGR, 2024 - 2030
8.8%
Report Coverage
Worldwide
Global smart factory market, 2018-2030 (US$M)
Related Markets
Global smart factory market highlights
- The global smart factory market generated a revenue of USD 75.1 million in 2023 and is expected to reach USD 135.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.8% by 2030.
- In terms of segment, distributed control systems (dcs) accounted for a revenue of USD 12.6 million in 2023.
- Human Machine Interface (HMI) is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 75.1 million |
| Market revenue in 2030 | USD 135.2 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Distributed control systems (dcs) |
| Fastest growing segment | Human Machine Interface (HMI) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Distributed Control Systems (DCS), Enterprise Resource Planning (ERP), Human Machine Interface (HMI), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Program Logic Controller (PLC), Supervisory Controller and Data Acquisition (SCADA) |
Other key industry trends
- In terms of revenue, the North America accounted for 49.4% of the global smart factory market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 11.1 million by 2030.
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Smart Factory Market Scope
Smart factory market segmentation & scope
Distributed Control Systems (DCS)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Manufacturing Execution System (MES)
Product Life Cycle Management (PLM)
Program Logic Controller (PLC)
Supervisory Controller and Data Acquisition (SCADA)
Others
Aerospace & Defense
Automotive
Energy & Power
Food And Beverages
Healthcare
Semiconductor & Electronics
Oil & Gas
Others
Smart Factory Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart factory market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart factory market will help companies and investors design strategic landscapes.
distributed control systems (dcs) was the largest segment with a revenue share of 16.78% in 2023. Horizon Databook has segmented the Global smart factory market based on distributed control systems (dcs), enterprise resource planning (erp), human machine interface (hmi), manufacturing execution system (mes), product life cycle management (plm), program logic controller (plc), supervisory controller and data acquisition (scada) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Factory Technology Outlook (Revenue, USD Million, 2018-2030)
- Distributed Control Systems (DCS)
- Enterprise Resource Planning (ERP)
- Human Machine Interface (HMI)
- Manufacturing Execution System (MES)
- Product Life Cycle Management (PLM)
- Program Logic Controller (PLC)
- Supervisory Controller and Data Acquisition (SCADA)
- Others
- Global Smart Factory Field Devices Outlook (Revenue, USD Million, 2018-2030)
- Sensors
- Industrial Robotics
- Machine Vision Systems
- Others
- Global Smart Factory Application Outlook (Revenue, USD Million, 2018-2030)
- Aerospace & Defense
- Automotive
- Energy & Power
- Food And Beverages
- Healthcare
- Semiconductor & Electronics
- Oil & Gas
- Others
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Target buyers of Global smart factory market databook
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Our clientele includes a mix of smart factory market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart factory market , including forecasts for subscribers. This global databook contains high-level insights into Global smart factory market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart factory market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Smart factory market size, 2023 (USD Million)
Top 10 countries: Smart factory market size, 2023 (USD Million)
Global smart factory market, by region, 2023 (US$M)
Related regional statistics
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