Smart Factory Market – Increasing industries of Refurbished Robots Drives Growth

IBM Watson Internet of Things (IoT) and ABB Ability is a potent automation combination that will help in improving the production lines by recognizing …

Global Smart Factory Market: Overview

Smart factories have gained huge traction in the past couple of years owing to the increasing adoption of intelligence technologies in various industries including energy, mining, manufacturing, and petrochemicals. Increasing use of high-tech tools and high-tech machinery portrays a beautiful combination of manufacturing and technological developments.

Another significant factor driving growth in the global smart factory marketis the industrial shift towards cyber world. In this, every component of value chain likely to be connected to ensure informed manufacturing with zero defects and no-time lags that will further augments demand in this market.

Global Smart Factory Market: Notable Developments

General Electronic and Siemens are two eminent players in the global smart factory market. The former provides industrial automation solutions on different process and discrete industries and latter holds majority in the smart factory market.

GE’s Intelligent Platform business division offers software and hardware technology platforms by mainly focusing on selling through solution providers. Siemens holds a competitive edge in petrochemical, oil and gas, and chemical industries. Some of the other companies are also making significant efforts in expanding smart factory market.

  • Schneider Electric collaborating with Temasek, collectively entered an agreement to buy Larsen & Toubro’s Electrical & Automation business. They will then collaborate it with its Low Voltage & Industrial Automation Products business situated in India. This agreement will help both the companies to strengthen their position in this region.
  • IBM partnered with ABB for industrial artificial intelligence solutions. ­IBM Watson Internet of Things (IoT) and ABB Ability is a potent automation combination that will help in improving the production lines by recognizing critical faults over manufacturing process.

Several other players are also making significant efforts in expanding the global smart factory market by using different strategies and techniques. Some of the leading players include Schneider Electric, ABB, FANUC, Emerson Electric, General Electric, Yokogawa Electric, Honeywell International, Rockwell Automation, Mitsubishi Electric, Siemens, and Robert Bosch.

Global Smart Factory Market: Trends and Opportunities

Among the recent trends seen in the global smart factory market, includes development of Manufacturing Execution Systems (MES), data models for rapid usage, and factory-specific templates. Moreover, increasing industries of refurbished robots coupled with untapped fields such as industrial robots and RFID are projected to create lucrative growth opportunities in the global smart factory market.

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Increasing R and D Activities by Institutions Led Dominance of Asia Pacific in Smart Factory Market

Geographically, Asia Pacific is expected to hold dominant share in the global smart factory market. Presence of dominant players such as Yokogawa, Mitsubishi Electric, Omron, and Fanuc led dominance of Asia Pacific in this market. In addition, increasing use of automotive technologies and technological innovations in various industrious industries also fueled growth in this market.

Among the various developing economies in Asia Pacific, China has been using advanced industrial practices by implementing automation technologies in manufacturing sector. Information integration and intellectualization are the central focus of the government policies, which also contributed in the growth of the Asia Pacific smart factory market.

Moreover, various research institutions and organizations are working together to improve manufacturing processes in China. Japan is also playing a significant role in boosting growth in this market. Prominent three companies namely Honda, Suzuki, and Toyota are working towards creating smart factories by developing manufacturing sensors, robots, machine vision systems, and wireless technologies. These initiatives will also spur growth in this market.

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Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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Industrial Internet of Things Market to expand at a robust 24.30% CAGR by 2026

Development of low-power hardware devices, Big Data analytics, robotics & automation, cloud integration, and smart sensors are also supporting the …

Industrial Internet of Things (IIoT) Market: Snapshot

Deployment of Internet of Things (IoT) in industries to modernize manufacturing processes is referred to as Industrial Internet of Things (IIoT). IIoT incorporates machine learning, Big Data technology, and machine-to-machine (M2M) communication, adopting the sensor data and automation technologies that already exist in the industries. IIoT helps to improve visibility, operational efficiency, increases productivity, and reduces complexity in the process. Large collected data helps in predictive maintenance which can generate savings over scheduled repairs leading to reduction in maintenance costs and reduce downtime from equipment breakdowns. In the current scenario, many companies are assessing their current data systems and observing ways to transform their business processes through Big Data analytics. Rising adoption of IIoT by the transportation sector is driving the market. However, a major concern that surrounds IIoT is the security and privacy of the data; this concern leads to loss of physical systems and data security. The global Industrial Internet of things market is anticipated to expand at a CAGR of 24.3% during the forecast period (2018-2026) and is expected to reach US$ 991,562.0 Mn by 2026.

Industrial Internet of Things (IIoT) has the primary objective to improve operational efficiency and automate processes in industries. Furthermore, industries are adopting advanced analyzing tools to understand growth opportunities in various sectors. In the coming years, companies would deploy IIoT software and services to capture new growth opportunity by increasing production and creating new hybrid business models. Data analytics would help them guide the optimal resource allocation and utilization, thereby improving the operational efficiency. The IIoT market has been segmented on the basis of component which includes hardware, software, and services. Hardware is categorized into sensors, connectivity devices and others and the services segment is divided into system integration, consulting services, and support & maintenance services. End-user segments in the IIoT market are aviation, oil & gas, transportation, power generation & utility, manufacturing, healthcare (medical devices) and others. Manufacturing is expected to account for market share close to 35% of the global industrial Internet of things (IIoT) market due to larger adoption of IIoT in the manufacturing industry sector. Healthcare segment is expected to expand at the highest CAGR during the forecast period due to many advantages such as improved healthcare facilities and diagnostics.

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An emerging trend among enterprises is to collect the data using the right security tool and also to deploy cloud based solutions. Further, vendors are developing advanced solutions and devices by adopting current technology to improve operational efficiency in the industries. Development of low-power hardware devices, Big Data analytics, robotics & automation, cloud integration, and smart sensors are also supporting the growth of the IIoT market. Geographically, North America is expected to contribute major market share to IIoT followed by Europe and Asia Pacific. Europe is also anticipated to witness fast growth during the forecast period due to initiatives taken by governments in the respective region for Industry 4.0 (the fourth industrial evolution).

Industrial Internet of Things is changing the competitive landscape of industries, as companies are investing in advanced technologies for automation. Further, companies such as General Electric Company, IBM Corporation etc. have been able to establish themselves as leaders. Some of the major players are currently focusing on providing IIoT solutions with advanced and innovative technologies. As part of this strategy, the companies are engaging in various acquisitions, strategic partnerships, and focusing on expanding their business through new service additions and geographical presence.

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Some of the players prominent in the global IIoT market with significant developments which have been profiled in the report are IBM Corporation, Intel Corporation, Schneider Electric SE, General Electric Company, Emerson Electric, ABB Ltd., Accenture PLC, Tech Mahindra Ltd., Softweb Solutions Inc., Sasken Technologies Ltd., ZIH Corp., Siemens AG, Robert Bosch GmbH, and NEC Corporation.

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Robot Market Is Booming Worldwide | ABB, Automation, Ecovacs, EFORT Intelligent Equipment …

The Major Players Covered in this Report: ABB, Automation, Ecovacs, EFORT Intelligent Equipment, Estun Automation, FANUC, Guangzhou CNC …

Robot Market

Market Overview of Global Robot Industry Forecast To 2024:

The report Robot Market provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment with grow significant CAGR during Forecast, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Robot.

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The Major Players Covered in this Report: ABB, Automation, Ecovacs, EFORT Intelligent Equipment, Estun Automation, FANUC, Guangzhou CNC Equipment, KUKA, OMRON ADEPT TECHNOLOGIES, Shenyang SIASUN Robot, Shenzhen JustGood Technology, Yaskawa

The research study is a highly recommended resource that stakeholders, market participants, and other interested parties can use to strongly position themselves in the global Robot market. It discusses about recent developments, future plans, and other important aspects of the business of major players that define their growth in the global Robot market. The competitive analysis provided in the report gives access to in-depth understanding of how the competition is increasing or moving to a standstill in the global Robot market.

Market Structure

The report covers every single angle in market structure analysis to show how different segments of the global Robot market are growing in terms of consumption, production, revenue, volume, and other important factors. The analysts have segmented the global Robot market by product, application, and region.

Market by Type

Industrial Robot

Special Service Robot

Personal/Household Service Robot

Market by Application

Automotive and Parts

Electronic Information

Machine Tools

Food Industry

Medical

Family Life

Others

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What our report offers:

– Robot Market share assessments for the regional and country level segments

– Robot Market share analysis of the top industry players

– Strategic recommendations for the new entrants

– Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets

– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

– Strategic recommendations in key business segments based on the market estimations

– Competitive landscaping mapping the key common trends

– Company profiling with detailed strategies, financials, and recent developments

– Supply chain trends mapping the latest technological advancements

This report addresses the following key questions:

Q.1. What are some of the most promising, high-growth opportunities for the global Robot market

Q.2. Which products segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this Robot market?

Q.5. What are the business risks and competitive threats in this Robot market?

Q.6. What are the emerging trends in this Robot market and reasons behind them?

Q.7. What are some of the changing demands of customers in the Robot Industry market?

Q.8. What are the new developments in the Robot market and which companies are leading these developments?

Q.9. Who are the major players in this Robot market? What strategic initiatives are being taken by key companies for business growth?

Q.10. What are some of the competing products in this Robot market and how big of a threat do they pose for loss of market share by product substitution?

Q.11. What M&A activity has occurred in the previous years in this Robot market?

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In the end, Robot Industry report details the major regions, market scenarios with the product price, revenue, volume, production, supply, demand, market growth rate, and forecast etc. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Cloud Robotics Market Likely to Boost Future Growth by 2025 key players KUKA, ABB, Yaskawa …

Cloud Robotics Market Likely to Boost Future Growth by 2025 key players KUKA, ABB, Yaskawa, Mitsubishi, Irobot, SoftBank, Hit Robot Group.

HTF MI recently introduced Global Cloud Robotics study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on ” Cloud Robotics Market by Type (Hardware, Software & Services), by End-Users/Application Industrial, Professional Service & Personal Service, Organization Size, Industry, and Region – Forecast and outlook to 2022″. At present, the market is developing its presence and some of the key players profiled in the report includes FANUC, KUKA, ABB, Yaskawa, Mitsubishi, Irobot, SoftBank, Hit Robot Group, SIASUN & Fenjin amongst others. The market Study is segmented by key regions which is accelerating the marketization.

Cloud Robotics Market
Cloud Robotics Market

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The growth of the Cloud Robotics market has been attributed to demand in application/end-users such as Industrial, Professional Service & Personal Service. Furthermore the research is geographically segmented as North America, China, Europe, Southeast Asia, Japan & India.

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In terms of application the market is categorized under Industrial, Professional Service & Personal Service and by following product type which includes Hardware, Software & Services

To get a deeper view of Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players (2012-2017), Revenue Market Share (%) by Players (2012-2017) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future. Company profile section of players such as FANUC, KUKA, ABB, Yaskawa, Mitsubishi, Irobot, SoftBank, Hit Robot Group, SIASUN & Fenjin includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.

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There are 15 Chapters to display the Global Cloud Robotics market.

Chapter 1, to describe Definition, Specifications and Classification of Cloud Robotics, Applications of Cloud Robotics, Market Segment by Regions;

Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;

Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of , Capacity and Commercial Production Date, Manufacturing Plants Distribution, Export & Import, R&D Status and Technology Source, Raw Materials Sources Analysis;

Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);

Chapter 5 and 6, to show the Regional Market Analysis that includes North America, China, Europe, Southeast Asia, Japan & India, Cloud Robotics Segment Market Analysis (by Type);

Chapter 7 and 8, to analyze the Cloud Robotics Segment Market Analysis (by Application) Major Manufacturers Analysis of Cloud Robotics;

Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type [Hardware, Software & Services], Market Trend by Application [Industrial, Professional Service & Personal Service];

Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;

Chapter 11, to analyze the Consumers Analysis of ;

Chapter 12, to describe Cloud Robotics Research Findings and Conclusion, Appendix, methodology and data source;

Chapter 13, 14 and 15, to describe Cloud Robotics sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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Robotics Market 2019 Global Trends, Emerging Technologies And Growth Analysis By Forecast To …

Robotics Market Forecast 2019-2025 report offers detailed information about the key factors influencing the growth of the market (Growth Potential, …

Robotics Market

Robotics MarketForecast 2019-2025 report offers detailed information about the key factors influencing the growth of the market (Growth Potential, Opportunities, Drivers, Industry-Specific Challenges and Risks). Robotics Market focuses on the worldwide topmost key manufacturers (FANUC, ABB, Yaskawa, KUKA, OTC, Panasonic, Kawasaki, Nachi, Epson, Mitsubishi, Denso, Yamaha, Toshiba, iRobot, Ecovacs, Proscenic, Matsutek, Neato , Infinuvo(Metapo), LG, Samsung, Sharp) to define, describe and analyze the Sales Volume, Value, Market Share, Market Competition Landscape, SWOT Analysis and Development Plans in next few years. The prime objective of this Robotics industry report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing.

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Scope of Robotics Market: Robotics is the interdisciplinary branch of engineering and science that includes mechanical engineering, electrical engineering, computer science, and others. Robotics deals with the design, construction, operation, and use of robots, as well as computer systems for their control, sensory feedback, and information processing.The Robotics industry had an explosive growth in recent years. Many families and commercial enterprises or associations choose the Robotics. The reduced time for household or commercial activities is increasing the adoption of Robotics by the end-users for replacing their physical works.At present, in global, the Robotics industry is generally at a more advanced level. The world’s largest manufacturer is Fanuc which accounted for approximately 9.16% of the global revenue of cleaning robots in 2016.Currently, China has become the largest consumption region at now, its output value accounted for more than 16.46% of the total output value of global Robotics market in 2016 and it is expected that China will also be the largest market in forecast period 2017-2022.The Robotics market was valued at 20500 Million US$ in 2018 and is projected to reach 28200 Million US$ by 2025, at a CAGR of 4.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Robotics.

Robotics Market Competition by Manufacturers (2019-2025)

Robotics Market Share of Top 3 and Top 5 Manufacturers, Robotics Market by Capacity, Production and Share by Manufacturers, Revenue and Share by Manufacturers, Manufacturers Manufacturing Base Distribution, Sales Area, Market Competitive Situation and Trends.

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, Robotics market share and growth rate of each type, primarily split into-

  • Industrial Robots
  • Service Robots for Professional
  • Service Robots for Personnel

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, Robotics market share and growth rate of Robotics for each application, including-

  • Military
  • Industrial
  • Commercial
  • Personal

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Reasons to Purchase Robotics Market Report:

  • Analyzing the outlook of the Robotics market with the recent trends and SWOT analysis.
  • Market dynamics scenario, along with growth opportunities of the Robotics market in the years to come.
  • Robotics Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
  • Competitive landscape involving the Robotics market share of major players, along with the new projects and strategies adopted by players in the past 5 year.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major Robotics market players.

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