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Smart Factory Market 2020-2026 by Component, Product (Industrial 3D Printing, Sensors, Machine Vision, Industrial Robots, Industrial Network, Control Devices), Technology, End User, and Region: Trend Forecast and Growth Opportunity

  • Report ID: 3549
  • Date: Sep, 2021
  • Pages: 218
  • Category: ICT & Media

Global smart factory market is expected to reach $340.4 billion by 2026, representing a 2019-2026 CAGR of 8.9% with consideration of the COVID-19 impact.

Highlighted with 86 tables and 105 figures, this 218-page report “Global Smart Factory Market 2020-2026 by Component, Product (Industrial 3D Printing, Sensors, Machine Vision, Industrial Robots, Industrial Network, Control Devices), Technology, End User, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart factory market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.

This report is built on historical period of 2015-2019 with 2019 as the base year and estimates/forecast covering 2020-2026. (Please Note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart factory market in every aspect of the classification from perspectives of Component, Product, Technology, End User, and Region.

Based on component, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

• Hardware
• Software
• Service

Based on product, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

Industrial 3D Printing
Sensors

Machine Vision

• Processors
• Cameras
• Software
• Enclosures
• Frame Grabbers
• Integration Services
• Lighting
• Other Machine Vision Systems

Industrial Robots

• Articulated Robots
• Cartesian/Gantry/Rectangular Arm Robots
• SCARA Robots
• Cylindrical Robots
• Delta/Parallel Robots
• Collaborative Robots
• Other Industrial Robots

Industrial Network

• RFID System
• Wireless Network
• Wired Network
Control Devices
• Servo Motors and Drives
• Relays and Switches

Based on technology, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

• Human–Machine Interface (HMI)
• Programmable Logic Controller (PLC)
• Enterprise Resource Planning (ERP)
• Product Life Cycle Management (PLM)
• Plant Asset Management (PAM)
• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition (SCADA)
• Manufacturing Execution System (MES)
• Other Technologies

Based on end user, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.

• Aerospace & Defense
• Oil & Gas
• Automotive
• Metals and Mining
• Food & Beverage
• Chemical & Petrochemical
• Semiconductors and Electronics
• Pharmaceutical
• Other End Users

Geographically, the following regions together with the listed national/local markets are fully investigated:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• RoW (Saudi Arabia, UAE, South Africa)

For each of the aforementioned regions and countries, market analysis and revenue data are available for 2015-2026. The breakdown of all regional markets by country and split of major national markets by Product, Technology and End User over the study years (2015-2026) are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global smart factory market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request):

ABB Ltd.
Adept Technology Inc.
ATOS SE
Bharat Heavy Electrical Ltd
Cisco Systems, Inc.
Cognex Corporation
Comau S.p.A
Daihen Corp.
Danaher Corporation
Ellison Technologies Inc.
Emerson Electric Co.
Epson Robotics
Fanuc Corp.
FLIR Systems Inc.
General Electric Co.
Genmark Automation, Inc.
Hitachi, Ltd.
Honeywell International Inc.
Johnson Controls Inc
Kawasaki Robotics Inc.
Konux Inc.
Kuka Aktiengesellschaft
Metso Corporation
Mitsubishi Electric Corp.
Nachi Fujikoshi Corp.
Nextnine Ltd
NovaTech Process Solutions LLC
Omron Corporation
Oracle Corporation
Panasonic Corporation (Activelink)
Pari Robotics
Rethink Robotics, Inc.
Robert Bosch GmbH
Rockwell Automation Inc.
Samsung Electronics
Schneider Electric SE
Siemens AG
Staubli International AG
Toshiba Machine Co., Ltd.
Universal Robots
Wipro Limited
Yamaha Robotics
Yaskawa Electric Corp.
Yokogawa Electric Corporation

(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 10
1.1 Industry Definition and Research Scope 10
1.1.1 Industry Definition 10
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 27
2.4 Emerging Opportunities and Market Trends 30
2.5 Porter’s Fiver Forces Analysis 33
3 Segmentation of Global Market by Component 37
3.1 Market Overview by Component 37
3.2 Hardware 39
3.3 Software 40
3.4 Service 41
4 Segmentation of Global Market by Product 42
4.1 Market Overview by Product 42
4.2 Industrial 3D Printing 44
4.3 Sensors 45
4.4 Machine Vision 46
4.4.1 Processors 48
4.4.2 Cameras 49
4.4.3 Software 50
4.4.4 Enclosures 51
4.4.5 Frame Grabbers 52
4.4.6 Integration Services 53
4.4.7 Lighting 54
4.4.8 Other Machine Vision Systems 55
4.5 Industrial Robots 56
4.5.1 Articulated Robots 58
4.5.2 Cartesian/Gantry/Rectangular Arm Robots 59
4.5.3 SCARA Robots 60
4.5.4 Cylindrical Robots 61
4.5.5 Delta/Parallel Robots 62
4.5.6 Collaborative Robots 63
4.5.7 Other Industrial Robots 64
4.6 Industrial Network 65
4.6.1 RFID System 66
4.6.2 Wireless Network 67
4.6.3 Wired Network 68
4.7 Control Devices 69
4.7.1 Servo Motors and Drives 70
4.7.2 Relays and Switches 71
5 Segmentation of Global Market by Technology 72
5.1 Market Overview by Technology 72
5.2 Human–Machine Interface (HMI) 74
5.3 Programmable Logic Controller (PLC) 75
5.4 Enterprise Resource Planning (ERP) 76
5.5 Product Life Cycle Management (PLM) 77
5.6 Plant Asset Management (PAM) 78
5.7 Distributed Control System (DCS) 79
5.8 Supervisory Control and Data Acquisition (SCADA) 80
5.9 Manufacturing Execution System (MES) 81
5.10 Other Technologies 82
6 Segmentation of Global Market by End User 83
6.1 Market Overview by End User 83
6.2 Aerospace & Defence 85
6.3 Oil & Gas 86
6.4 Automotive 87
6.5 Metals and Mining 88
6.6 Food & Beverage 89
6.7 Chemical & Petrochemical 90
6.8 Semiconductors and Electronics 91
6.9 Pharmaceutical 92
6.10 Other End Users 93
7 Segmentation of Global Market by Region 94
7.1 Geographic Market Overview 2019-2026 94
7.2 North America Market 2019-2026 by Country 98
7.2.1 Overview of North America Market 98
7.2.2 U.S. 101
7.2.3 Canada 105
7.2.4 Mexico 107
7.3 European Market 2019-2026 by Country 109
7.3.1 Overview of European Market 109
7.3.2 UK 112
7.3.3 France 114
7.3.4 Germany 117
7.3.5 Spain 119
7.3.6 Italy 121
7.3.7 Russia 123
7.3.8 Rest of European Market 125
7.4 Asia-Pacific Market 2019-2026 by Country 127
7.4.1 Overview of Asia-Pacific Market 127
7.4.2 China 130
7.4.3 Japan 132
7.4.4 India 135
7.4.5 Australia 137
7.4.6 South Korea 139
7.4.7 Rest of APAC Region 141
7.5 South America Market 2019-2026 by Country 143
7.5.1 Argentina 146
7.5.2 Brazil 148
7.5.3 Chile 150
7.5.4 Rest of South America Market 152
7.6 Rest of World Market 2019-2026 by Country 153
7.6.1 UAE 156
7.6.2 Saudi Arabia 158
7.6.3 South Africa 160
7.6.4 Other National Markets 162
8 Competitive Landscape 163
8.1 Overview of Key Vendors 163
8.2 New Product Launch, Partnership, Investment, and M&A 166
8.3 Company Profiles 167
ABB Ltd. 167
Adept Technology Inc. 169
ATOS SE 170
Bharat Heavy Electrical Ltd 171
Cisco Systems, Inc. 172
Cognex Corporation 173
Comau S.p.A 174
Daihen Corp. 175
Danaher Corporation 176
Ellison Technologies Inc. 177
Emerson Electric Co. 178
Epson Robotics 179
Fanuc Corp. 180
FLIR Systems Inc. 181
General Electric Co. 182
Genmark Automation, Inc. 183
Hitachi, Ltd. 184
Honeywell International Inc. 185
Johnson Controls Inc 186
Kawasaki Robotics Inc. 187
Konux Inc. 188
Kuka Aktiengesellschaft 189
Metso Corporation 190
Mitsubishi Electric Corp. 191
Nachi Fujikoshi Corp. 192
Nextnine Ltd 193
NovaTech Process Solutions LLC 194
Omron Corporation 195
Oracle Corporation 196
Panasonic Corporation (Activelink) 197
Pari Robotics 198
Rethink Robotics, Inc. 199
Robert Bosch GmbH 200
Rockwell Automation Inc. 201
Samsung Electronics 202
Schneider Electric SE 203
Siemens AG 204
Staubli International AG 205
Toshiba Machine Co., Ltd. 206
Universal Robots 207
Wipro Limited 208
Yamaha Robotics 209
Yaskawa Electric Corp. 210
Yokogawa Electric Corporation 211
9 Investing in Global Market: Risk Assessment and Management 212
9.1 Risk Evaluation of Global Market 212
9.2 Critical Success Factors (CSFs) 215
Related Reports and Products 218

List of Tables

Table 1. Snapshot of Global Smart Factory Market, 2019-2026 21
Table 2. Main Product Trends and Market Opportunities in Global Smart Factory Market 30
Table 3. Global Smart Factory Market by Component, 2015-2026, $ mn 37
Table 4. Global Smart Factory Market by Product, 2015-2026, $ mn 42
Table 5. Global Smart Factory Market: Machine Vision by Type, 2015-2026, $ mn 47
Table 6. Global Smart Factory Market: Industrial Robots by Robot Type, 2015-2026, $ mn 57
Table 7. Global Smart Factory Market: Industrial Network by Technology, 2015-2026, $ mn 65
Table 8. Global Smart Factory Market: Control Devices by Type, 2015-2026, $ mn 69
Table 9. Global Smart Factory Market by Technology, 2015-2026, $ mn 72
Table 10. Global Smart Factory Market by End User, 2015-2026, $ mn 83
Table 11. Global Smart Factory Market by Region, 2015-2026, $ mn 95
Table 12. Leading National Smart Factory Market, 2019 and 2026, $ mn 97
Table 13. North America Smart Factory Market by Country, 2015-2026, $ mn 100
Table 14. U.S. Smart Factory Market by Product, 2015-2026, $ mn 103
Table 15. U.S. Smart Factory Market by Technology, 2015-2026, $ mn 103
Table 16. U.S. Smart Factory Market by End User, 2015-2026, $ mn 103
Table 17. Canada Smart Factory Market by Product, 2015-2026, $ mn 106
Table 18. Canada Smart Factory Market by Technology, 2015-2026, $ mn 106
Table 19. Canada Smart Factory Market by End User, 2015-2026, $ mn 106
Table 20. Mexico Smart Factory Market by Product, 2015-2026, $ mn 108
Table 21. Mexico Smart Factory Market by Technology, 2015-2026, $ mn 108
Table 22. Mexico Smart Factory Market by End User, 2015-2026, $ mn 108
Table 23. Europe Smart Factory Market by Country, 2015-2026, $ mn 111
Table 24. UK Smart Factory Market by Product, 2015-2026, $ mn 113
Table 25. UK Smart Factory Market by Technology, 2015-2026, $ mn 113
Table 26. UK Smart Factory Market by End User, 2015-2026, $ mn 113
Table 27. France Smart Factory Market by Product, 2015-2026, $ mn 115
Table 28. France Smart Factory Market by Technology, 2015-2026, $ mn 115
Table 29. France Smart Factory Market by End User, 2015-2026, $ mn 115
Table 30. Germany Smart Factory Market by Product, 2015-2026, $ mn 118
Table 31. Germany Smart Factory Market by Technology, 2015-2026, $ mn 118
Table 32. Germany Smart Factory Market by End User, 2015-2026, $ mn 118
Table 33. Spain Smart Factory Market by Product, 2015-2026, $ mn 120
Table 34. Spain Smart Factory Market by Technology, 2015-2026, $ mn 120
Table 35. Spain Smart Factory Market by End User, 2015-2026, $ mn 120
Table 36. Italy Smart Factory Market by Product, 2015-2026, $ mn 122
Table 37. Italy Smart Factory Market by Technology, 2015-2026, $ mn 122
Table 38. Italy Smart Factory Market by End User, 2015-2026, $ mn 122
Table 39. Russia Smart Factory Market by Product, 2015-2026, $ mn 124
Table 40. Russia Smart Factory Market by Technology, 2015-2026, $ mn 124
Table 41. Russia Smart Factory Market by End User, 2015-2026, $ mn 124
Table 42. Smart Factory Market in Rest of Europe by Country, 2015-2026, $ mn 126
Table 43. APAC Smart Factory Market by Country, 2015-2026, $ mn 129
Table 44. China Smart Factory Market by Product, 2015-2026, $ mn 131
Table 45. China Smart Factory Market by Technology, 2015-2026, $ mn 131
Table 46. China Smart Factory Market by End User, 2015-2026, $ mn 131
Table 47. Japan Smart Factory Market by Product, 2015-2026, $ mn 134
Table 48. Japan Smart Factory Market by Technology, 2015-2026, $ mn 134
Table 49. Japan Smart Factory Market by End User, 2015-2026, $ mn 134
Table 50. India Smart Factory Market by Product, 2015-2026, $ mn 136
Table 51. India Smart Factory Market by Technology, 2015-2026, $ mn 136
Table 52. India Smart Factory Market by End User, 2015-2026, $ mn 136
Table 53. Australia Smart Factory Market by Product, 2015-2026, $ mn 138
Table 54. Australia Smart Factory Market by Technology, 2015-2026, $ mn 138
Table 55. Australia Smart Factory Market by End User, 2015-2026, $ mn 138
Table 56. South Korea Smart Factory Market by Product, 2015-2026, $ mn 140
Table 57. South Korea Smart Factory Market by Technology, 2015-2026, $ mn 140
Table 58. South Korea Smart Factory Market by End User, 2015-2026, $ mn 140
Table 59. Smart Factory Market in Rest of APAC by Country, 2015-2026, $ mn 142
Table 60. South America Smart Factory Market by Country, 2015-2026, $ mn 145
Table 61. Argentina Smart Factory Market by Product, 2015-2026, $ mn 147
Table 62. Argentina Smart Factory Market by Technology, 2015-2026, $ mn 147
Table 63. Argentina Smart Factory Market by End User, 2015-2026, $ mn 147
Table 64. Brazil Smart Factory Market by Product, 2015-2026, $ mn 149
Table 65. Brazil Smart Factory Market by Technology, 2015-2026, $ mn 149
Table 66. Brazil Smart Factory Market by End User, 2015-2026, $ mn 149
Table 67. Chile Smart Factory Market by Product, 2015-2026, $ mn 151
Table 68. Chile Smart Factory Market by Technology, 2015-2026, $ mn 151
Table 69. Chile Smart Factory Market by End User, 2015-2026, $ mn 151
Table 70. RoW Smart Factory Market by Country, 2015-2026, $ mn 155
Table 71. UAE Smart Factory Market by Product, 2015-2026, $ mn 157
Table 72. UAE Smart Factory Market by Technology, 2015-2026, $ mn 157
Table 73. UAE Smart Factory Market by End User, 2015-2026, $ mn 157
Table 74. Saudi Arabia Smart Factory Market by Product, 2015-2026, $ mn 159
Table 75. Saudi Arabia Smart Factory Market by Technology, 2015-2026, $ mn 159
Table 76. Saudi Arabia Smart Factory Market by End User, 2015-2026, $ mn 159
Table 77. South Africa Smart Factory Market by Product, 2015-2026, $ mn 161
Table 78. South Africa Smart Factory Market by Technology, 2015-2026, $ mn 161
Table 79. South Africa Smart Factory Market by End User, 2015-2026, $ mn 161
Table 80. ABB Ltd.: Company Snapshot 167
Table 81. ABB Ltd.: Business Segmentation 167
Table 82. ABB Ltd.: Product Portfolio 168
Table 83. ABB Ltd.: Revenue, 2016-2018, $ mn 168
Table 84. ABB Ltd.: Recent Developments 168
Table 85. Risk Evaluation for Investing in Global Market, 2019-2026 213
Table 86. Critical Success Factors and Key Takeaways 216

List of Figures

Figure 1. Research Method Flow Chart 14
Figure 2. Breakdown of Primary Research 16
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 18
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2026 20
Figure 5. Global Smart Factory Market, 2019-2026, $ mn 23
Figure 6. Primary Drivers and Impact Factors of Global Smart Factory Market 24
Figure 7. Primary Restraints and Impact Factors of Global Smart Factory Market 27
Figure 8. Porter’s Fiver Forces Analysis of Global Smart Factory Market 33
Figure 9. Breakdown of Global Smart Factory Market by Component, 2019-2026, % of Revenue 37
Figure 10. Contribution to Global 2020-2026 Cumulative Revenue by Component, Value ($ mn) and Share (%) 38
Figure 11. Global Smart Factory Market: Hardware, 2015-2026, $ mn 39
Figure 12. Global Smart Factory Market: Software, 2015-2026, $ mn 40
Figure 13. Global Smart Factory Market: Service, 2015-2026, $ mn 41
Figure 14. Breakdown of Global Smart Factory Market by Product, 2019-2026, % of Revenue 42
Figure 15. Contribution to Global 2020-2026 Cumulative Revenue by Product, Value ($ mn) and Share (%) 43
Figure 16. Global Smart Factory Market: Industrial 3D Printing, 2015-2026, $ mn 44
Figure 17. Global Smart Factory Market: Sensors, 2015-2026, $ mn 45
Figure 18. Global Smart Factory Market: Machine Vision, 2015-2026, $ mn 46
Figure 19. Global Smart Factory Market: Processors, 2015-2026, $ mn 48
Figure 20. Global Smart Factory Market: Cameras, 2015-2026, $ mn 49
Figure 21. Global Smart Factory Market: Software, 2015-2026, $ mn 50
Figure 22. Global Smart Factory Market: Enclosures, 2015-2026, $ mn 51
Figure 23. Global Smart Factory Market: Frame Grabbers, 2015-2026, $ mn 52
Figure 24. Global Smart Factory Market: Integration Services, 2015-2026, $ mn 53
Figure 25. Global Smart Factory Market: Lighting, 2015-2026, $ mn 54
Figure 26. Global Smart Factory Market: Other Machine Vision Systems, 2015-2026, $ mn 55
Figure 27. Global Smart Factory Market: Industrial Robots, 2015-2026, $ mn 56
Figure 28. Global Smart Factory Market: Articulated Robots, 2015-2026, $ mn 58
Figure 29. Global Smart Factory Market: Cartesian/Gantry/Rectangular Arm Robots, 2015-2026, $ mn 59
Figure 30. Global Smart Factory Market: SCARA Robots, 2015-2026, $ mn 60
Figure 31. Global Smart Factory Market: Cylindrical Robots, 2015-2026, $ mn 61
Figure 32. Global Smart Factory Market: Delta/Parallel Robots, 2015-2026, $ mn 62
Figure 33. Global Smart Factory Market: Collaborative Robots, 2015-2026, $ mn 63
Figure 34. Global Smart Factory Market: Other Industrial Robots, 2015-2026, $ mn 64
Figure 35. Global Smart Factory Market: Industrial Network, 2015-2026, $ mn 65
Figure 36. Global Smart Factory Market: RFID System, 2015-2026, $ mn 66
Figure 37. Global Smart Factory Market: Wireless Network, 2015-2026, $ mn 67
Figure 38. Global Smart Factory Market: Wired Network, 2015-2026, $ mn 68
Figure 39. Global Smart Factory Market: Control Devices, 2015-2026, $ mn 69
Figure 40. Global Smart Factory Market: Servo Motors and Drives, 2015-2026, $ mn 70
Figure 41. Global Smart Factory Market: Relays and Switches, 2015-2026, $ mn 71
Figure 42. Breakdown of Global Smart Factory Market by Technology, 2019-2026, % of Revenue 72
Figure 43. Contribution to Global 2020-2026 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 73
Figure 44. Global Smart Factory Market: Human–Machine Interface (HMI), 2015-2026, $ mn 74
Figure 45. Global Smart Factory Market: Programmable Logic Controller (PLC), 2015-2026, $ mn 75
Figure 46. Global Smart Factory Market: Enterprise Resource Planning (ERP), 2015-2026, $ mn 76
Figure 47. Global Smart Factory Market: Product Life Cycle Management (PLM), 2015-2026, $ mn 77
Figure 48. Global Smart Factory Market: Plant Asset Management (PAM), 2015-2026, $ mn 78
Figure 49. Global Smart Factory Market: Distributed Control System (DCS), 2015-2026, $ mn 79
Figure 50. Global Smart Factory Market: Supervisory Control and Data Acquisition (SCADA), 2015-2026, $ mn 80
Figure 51. Global Smart Factory Market: Manufacturing Execution System (MES), 2015-2026, $ mn 81
Figure 52. Global Smart Factory Market: Other Technologies, 2015-2026, $ mn 82
Figure 53. Breakdown of Global Smart Factory Market by End User, 2019-2026, % of Revenue 83
Figure 54. Contribution to Global 2020-2026 Cumulative Revenue by End User, Value ($ mn) and Share (%) 84
Figure 55. Global Smart Factory Market: Aerospace & Defence, 2015-2026, $ mn 85
Figure 56. Global Smart Factory Market: Oil & Gas, 2015-2026, $ mn 86
Figure 57. Global Smart Factory Market: Automotive, 2015-2026, $ mn 87
Figure 58. Global Smart Factory Market: Metals and Mining, 2015-2026, $ mn 88
Figure 59. Global Smart Factory Market: Food & Beverage, 2015-2026, $ mn 89
Figure 60. Global Smart Factory Market: Chemical & Petrochemical, 2015-2026, $ mn 90
Figure 61. Global Smart Factory Market: Semiconductors and Electronics, 2015-2026, $ mn 91
Figure 62. Global Smart Factory Market: Pharmaceutical, 2015-2026, $ mn 92
Figure 63. Global Smart Factory Market: Other End Users, 2015-2026, $ mn 93
Figure 64. Global Market Snapshot by Region 94
Figure 65. Geographic Spread of Worldwide Smart Factory Market, 2019-2026, % of Revenue 95
Figure 66. Contribution to Global 2020-2026 Cumulative Revenue by Region, Value ($ mn) and Share (%) 96
Figure 67. North American Smart Factory Market, 2015-2026, $ mn 99
Figure 68. Breakdown of North America Smart Factory Market by Country, 2019 and 2026, % of Revenue 99
Figure 69. Contribution to North America 2020-2026 Cumulative Revenue by Country, Value ($ mn) and Share (%) 100
Figure 70. U.S. Smart Factory Market, 2015-2026, $ mn 102
Figure 71. Canada Smart Factory Market, 2015-2026, $ mn 105
Figure 72. Smart Factory Market in Mexico, 2015-2026, $ mn 107
Figure 73. European Smart Factory Market, 2015-2026, $ mn 110
Figure 74. Breakdown of European Smart Factory Market by Country, 2019 and 2026, % of Revenue 110
Figure 75. Contribution to Europe 2020-2026 Cumulative Revenue by Country, Value ($ mn) and Share (%) 111
Figure 76. Smart Factory Market in UK, 2015-2026, $ mn 112
Figure 77. Smart Factory Market in France, 2015-2026, $ mn 114
Figure 78. Smart Factory Market in Germany, 2015-2026, $ mn 117
Figure 79. Smart Factory Market in Spain, 2015-2026, $ mn 119
Figure 80. Smart Factory Market in Italy, 2015-2026, $ mn 121
Figure 81. Smart Factory Market in Russia, 2015-2026, $ mn 123
Figure 82. Smart Factory Market in Rest of Europe, 2015-2026, $ mn 125
Figure 83. Asia-Pacific Smart Factory Market, 2015-2026, $ mn 128
Figure 84. Breakdown of APAC Smart Factory Market by Country, 2019 and 2026, % of Revenue 128
Figure 85. Contribution to APAC 2020-2026 Cumulative Revenue by Country, Value ($ mn) and Share (%) 129
Figure 86. Smart Factory Market in China, 2015-2026, $ mn 130
Figure 87. Smart Factory Market in Japan, 2015-2026, $ mn 133
Figure 88. Smart Factory Market in India, 2015-2026, $ mn 135
Figure 89. Smart Factory Market in Australia, 2015-2026, $ mn 137
Figure 90. Smart Factory Market in South Korea, 2015-2026, $ mn 139
Figure 91. Smart Factory Market in Rest of APAC, 2015-2026, $ mn 141
Figure 92. South America Smart Factory Market, 2015-2026, $ mn 144
Figure 93. Breakdown of South America Smart Factory Market by Country, 2019 and 2026, % of Revenue 144
Figure 94. Contribution to South America 2020-2026 Cumulative Revenue by Country, Value ($ mn) and Share (%) 145
Figure 95. Smart Factory Market in Argentina, 2015-2026, $ mn 146
Figure 96. Smart Factory Market in Brazil, 2015-2026, $ mn 148
Figure 97. Smart Factory Market in Chile, 2015-2026, $ mn 150
Figure 98. Smart Factory Market in Rest of South America, 2015-2026, $ mn 152
Figure 99. Smart Factory Market in Rest of the World (RoW), 2015-2026, $ mn 154
Figure 100. Breakdown of RoW Smart Factory Market by Country, 2019 and 2026, % of Revenue 154
Figure 101. Contribution to RoW 2020-2026 Cumulative Revenue by Country, Value ($ mn) and Share (%) 155
Figure 102. Smart Factory Market in UAE, 2015-2026, $ mn 156
Figure 103. Smart Factory Market in Saudi Arabia, 2015-2026, $ mn 158
Figure 104. Smart Factory Market in South Africa, 2015-2026, $ mn 160
Figure 105. Growth Stage of Global Smart Factory Industry over the Forecast Period 163

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

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