Portland, OR -- (SBWIRE) -- 07/12/2017 -- Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution. This automation can be deployed within 60 days in order to streamline and track the materials flow through the facility of manufacturing. Smart Factory provides data models and factory- specific & MES templates for rapid use. The use of smart factory boosts the quality & productivity and cuts down the operational cost as compared to traditional production systems.

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Smart Factory Market by Technology

Smart Factory technology market is segmented into information technology system, enterprise resource planning (ERP), manufacturing execution system and industrial control system. Enterprise resource planning (ERP) is the largest revenue generating segment due to the usage of software applications to embody the processes and products, relationships between activities & functions, procedures and information flow.

Smart Factory Market by Field Devices

Smart Factory field devices market is segmented into industrial robotics, articulated robot, control devices and industrial network. Industrial Robotics is further segmented into articulated robot, cylindrical robot, scara robot and cartesian robot. Control Devices is further segmented into sensors, relays & switches and motors & drive. Industrial Network is also sub-segmented into RFID System (Chipless RFID and Chip-Based RFID), Wireless Network (Chipsets, Microprocessor System and Sensors) and Wired Network. Industrial Network is the largest revenue generating segment due to differentiated products for various purposes.

Smart Factory Market by Application

Smart Factory application market is segmented into process industry and discrete industry. Process Industry is further segmented into pharmaceuticals, food & beverages, chemical and oil & gas. Discrete Industry is sub-segmented into automotive & transportation, packaging and mining, minerals & metals. Discrete industry is the largest revenue generating segment due to the rising demand for Smart Factory from automotive industry.

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KEY DELIVERABLES

Smart Factory Market Analysis is segmented on the basis of technology, field devices, application, and geographies.

MARKET BY TECHNOLOGY

- Information Technology System
- Enterprise Resource Planning (ERP)
- Manufacturing Execution System
- Industrial Control System

MARKET BY FIELD DEVICES

- Industrial Robotics
- Control Devices
- Industrial Network

MARKET BY APPLICATION

- Process Industry
- Discrete Industry