The Latin America, Middle East and Africa Smart Factory Market would witness market growth of 11.7% CAGR during the forecast period (2021-2027). Presently, smart manufacturing is accepted more extensively in industries that focus on high-volume and low-margin production.
It is also adopted in extremely regulated industries like pharmaceutical and food & beverage industries, where monitoring and traceability are crucial. Whole value-chain processes can be automated to depend on robotic inspections, for example, in order to cut down the human errors. With automated processes, smart factories leverage machine learning and AI to precisely detect defects. Increasingly, innovations are aimed towards areas like predictive maintenance, remote monitoring, and control, real-time supply chain management, advanced process control, and quality management. These aspects are likely to push the growth of the regional smart factory market.
A wireless network embedded with distributed autonomous devices comprises sensors to observe physical or environmental condition is termed as a wireless sensor network (WSN). WSNs are deployed in various industries like pharmaceuticals, oil & gas, and water & wastewater treatment. Oil & gas plants are commonly located in remote areas having extreme environmental conditions. In the oil & gas plant, tanks, compressors, generators, and separators are observed, managed, and regulated by a SCADA system using sensors installed in a WSN.
The utilization of a WSN decreases the costs related to installing a sensor network and communication system. Wired technology is relative of high cost as compared to its wireless counterpart because of the higher hardware requirement like networking devices, cables, routers, and network adapters. Parameters like pressure, temperature, flow, and level of fluids and gases in plant operation are evaluated and detected with the help of a WSN. Integrating a WSN in SCADA and other smart factory elements and solutions allows real-time data monitoring and process control. Hence, the increasing research & development activities and its higher adoption in smart factories would boost the application areas of smart factories. Besides, the regular software updates for wireless sensor networks make them appropriate for the existing automated systems in the industries deploying smart factory components and solutions.
The Industrial Sensors market dominated the South Africa Smart Factory Market by Component 2020, thereby, achieving a market value of $628.5 million by 2027. The Industrial Robots market is experiencing a CAGR of 12.8% during (2021 - 2027). Additionally, The Industrial 3D Printers market is showcasing a CAGR of 12.9% during (2021 - 2027).
Based on Component, the market is segmented into Industrial Sensors, Industrial Robots, Industrial 3D Printers and Machine Vision Systems. Based on Solution, the market is segmented into Manufacturing Execution System (MES), Plant Asset Management (PAM), SCADA, Industrial Safety and Others. Based on Industry Vertical, the market is segmented into Automotive, Semiconductor & Electronics, Chemicals & Pharmaceuticals, Food & Beverages, Oil & Gas, Aerospace & Defense, Medical Devices and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Factory Market is Predict to reach $137.6 Billion by 2027, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., General Electric (GE) Co., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Honeywell International, Inc., Mitsubishi Electric Corporation, Kuka AG, and Omron Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
By Solution
- Manufacturing Execution System (MES)
- Plant Asset Management (PAM)
- SCADA
- Industrial Safety
- Others
By Industry Vertical
- Automotive
- Semiconductor & Electronics
- Chemicals & Pharmaceuticals
- Food & Beverages
- Oil & Gas
- Aerospace & Defense
- Medical Devices
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Emerson Electric Co.
- General Electric (GE) Co.
- Siemens AG
- Rockwell Automation, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Kuka AG
- Omron Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Factory Market, by Component
1.4.2 LAMEA Smart Factory Market, by Solution
1.4.3 LAMEA Smart Factory Market, by Industry Vertical
1.4.4 LAMEA Smart Factory Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements,
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Business Expansions
3.2.5 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Apr) Leading Players
Chapter 4. LAMEA Smart Factory Market by Industry Vertical
4.1 LAMEA Automotive Smart Factory Market by Country
4.2 LAMEA Semiconductor & Electronics Smart Factory Market by Country
4.3 LAMEA Chemicals & Pharmaceuticals Smart Factory Market by Country
4.4 LAMEA Food & Beverages Smart Factory Market by Country
4.5 LAMEA Oil & Gas Smart Factory Market by Country
4.6 LAMEA Aerospace & Defense Smart Factory Market by Country
4.7 LAMEA Medical Devices Smart Factory Market by Country
4.8 LAMEA Other Industry Vertical Smart Factory Market by Country
Chapter 5. LAMEA Smart Factory Market by Component
5.1 LAMEA Smart Factory Industrial Sensors Market by Country
5.2 LAMEA Smart Factory Industrial Robots Market by Country
5.3 LAMEA Smart Factory Industrial 3D Printers Market by Country
5.4 LAMEA Smart Factory Machine Vision Systems Market by Country
Chapter 6. LAMEA Smart Factory Market by Solution
6.1 LAMEA Manufacturing Execution System (MES) Smart Factory Market by Country
6.2 LAMEA Plant Asset Management (PAM) Smart Factory Market by Country
6.3 LAMEA SCADA Smart Factory Market by Country
6.4 LAMEA Industrial Safety Smart Factory Market by Country
6.5 LAMEA Others Smart Factory Market by Country
Chapter 7. LAMEA Smart Factory Market by Country
7.1 Brazil Smart Factory Market
7.1.1 Brazil Smart Factory Market by Industry Vertical
7.1.2 Brazil Smart Factory Market by Component
7.1.3 Brazil Smart Factory Market by Solution
7.2 Argentina Smart Factory Market
7.2.1 Argentina Smart Factory Market by Industry Vertical
7.2.2 Argentina Smart Factory Market by Component
7.2.3 Argentina Smart Factory Market by Solution
7.3 UAE Smart Factory Market
7.3.1 UAE Smart Factory Market by Industry Vertical
7.3.2 UAE Smart Factory Market by Component
7.3.3 UAE Smart Factory Market by Solution
7.4 Saudi Arabia Smart Factory Market
7.4.1 Saudi Arabia Smart Factory Market by Industry Vertical
7.4.2 Saudi Arabia Smart Factory Market by Component
7.4.3 Saudi Arabia Smart Factory Market by Solution
7.5 South Africa Smart Factory Market
7.5.1 South Africa Smart Factory Market by Industry Vertical
7.5.2 South Africa Smart Factory Market by Component
7.5.3 South Africa Smart Factory Market by Solution
7.6 Nigeria Smart Factory Market
7.6.1 Nigeria Smart Factory Market by Industry Vertical
7.6.2 Nigeria Smart Factory Market by Component
7.6.3 Nigeria Smart Factory Market by Solution
7.7 Rest of LAMEA Smart Factory Market
7.7.1 Rest of LAMEA Smart Factory Market by Industry Vertical
7.7.2 Rest of LAMEA Smart Factory Market by Component
7.7.3 Rest of LAMEA Smart Factory Market by Solution
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.5.2 Geographical Expansions:
8.2.5.3 Business Expansions:
8.2.6 SWOT Analysis
8.3 General Electric (GE) Co.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Siemens AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Rockwell Automation, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental And Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.5.3 Geographical Expansions:
8.6.6 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 Mitsubishi Electric Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Kuka AG
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. Omron Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Product Launches and Product Expansions:
8.10.6 SWOT Analysis
TABLE 1 LAMEA Smart Factory Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Smart Factory Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Factory Market
TABLE 4 Product Launches And Product Expansions– Smart Factory Market
TABLE 5 Geographical Expansions– Smart Factory Market
TABLE 6 Business Expansions– Smart Factory Market
TABLE 7 Acquisition and Mergers– Smart Factory Market
TABLE 8 LAMEA Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 9 LAMEA Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 10 LAMEA Automotive Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Automotive Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Semiconductor & Electronics Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA Semiconductor & Electronics Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA Chemicals & Pharmaceuticals Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Chemicals & Pharmaceuticals Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Food & Beverages Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Food & Beverages Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Oil & Gas Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Oil & Gas Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Aerospace & Defense Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Aerospace & Defense Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Medical Devices Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Medical Devices Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Other Industry Vertical Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 25 LAMEA Other Industry Vertical Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 26 LAMEA Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 27 LAMEA Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 28 LAMEA Smart Factory Industrial Sensors Market by Country, 2017 - 2020, USD Million
TABLE 29 LAMEA Smart Factory Industrial Sensors Market by Country, 2021 - 2027, USD Million
TABLE 30 LAMEA Smart Factory Industrial Robots Market by Country, 2017 - 2020, USD Million
TABLE 31 LAMEA Smart Factory Industrial Robots Market by Country, 2021 - 2027, USD Million
TABLE 32 LAMEA Smart Factory Industrial 3D Printers Market by Country, 2017 - 2020, USD Million
TABLE 33 LAMEA Smart Factory Industrial 3D Printers Market by Country, 2021 - 2027, USD Million
TABLE 34 LAMEA Smart Factory Machine Vision Systems Market by Country, 2017 - 2020, USD Million
TABLE 35 LAMEA Smart Factory Machine Vision Systems Market by Country, 2021 - 2027, USD Million
TABLE 36 LAMEA Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 37 LAMEA Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 38 LAMEA Manufacturing Execution System (MES) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 39 LAMEA Manufacturing Execution System (MES) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 40 LAMEA Plant Asset Management (PAM) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 41 LAMEA Plant Asset Management (PAM) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 42 LAMEA SCADA Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 43 LAMEA SCADA Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 44 LAMEA Industrial Safety Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 45 LAMEA Industrial Safety Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 46 LAMEA Others Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 47 LAMEA Others Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 48 LAMEA Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 49 LAMEA Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 50 Brazil Smart Factory Market, 2017 - 2020, USD Million
TABLE 51 Brazil Smart Factory Market, 2021 - 2027, USD Million
TABLE 52 Brazil Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 53 Brazil Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 54 Brazil Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 55 Brazil Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 56 Brazil Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 57 Brazil Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 58 Argentina Smart Factory Market, 2017 - 2020, USD Million
TABLE 59 Argentina Smart Factory Market, 2021 - 2027, USD Million
TABLE 60 Argentina Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 61 Argentina Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 62 Argentina Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 63 Argentina Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 64 Argentina Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 65 Argentina Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 66 UAE Smart Factory Market, 2017 - 2020, USD Million
TABLE 67 UAE Smart Factory Market, 2021 - 2027, USD Million
TABLE 68 UAE Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 69 UAE Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 70 UAE Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 71 UAE Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 72 UAE Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 73 UAE Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 74 Saudi Arabia Smart Factory Market, 2017 - 2020, USD Million
TABLE 75 Saudi Arabia Smart Factory Market, 2021 - 2027, USD Million
TABLE 76 Saudi Arabia Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 77 Saudi Arabia Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 78 Saudi Arabia Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 79 Saudi Arabia Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 80 Saudi Arabia Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 81 Saudi Arabia Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 82 South Africa Smart Factory Market, 2017 - 2020, USD Million
TABLE 83 South Africa Smart Factory Market, 2021 - 2027, USD Million
TABLE 84 South Africa Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 85 South Africa Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 86 South Africa Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 87 South Africa Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 88 South Africa Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 89 South Africa Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 90 Nigeria Smart Factory Market, 2017 - 2020, USD Million
TABLE 91 Nigeria Smart Factory Market, 2021 - 2027, USD Million
TABLE 92 Nigeria Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 93 Nigeria Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 94 Nigeria Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 95 Nigeria Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 96 Nigeria Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 97 Nigeria Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 98 Rest of LAMEA Smart Factory Market, 2017 - 2020, USD Million
TABLE 99 Rest of LAMEA Smart Factory Market, 2021 - 2027, USD Million
TABLE 100 Rest of LAMEA Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 101 Rest of LAMEA Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 102 Rest of LAMEA Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 103 Rest of LAMEA Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 104 Rest of LAMEA Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 105 Rest of LAMEA Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 106 Key Information – ABB Group
TABLE 107 Key Information – Emerson Electric Co.
TABLE 108 Key Information – General Electric (GE) Co.
TABLE 109 Key Information – Siemens AG
TABLE 110 Key information – Rockwell Automation, Inc.
TABLE 111 Key information – Schneider Electric SE
TABLE 112 Key information – Honeywell International, Inc.
TABLE 113 key information – Mitsubishi Electric Corporation
TABLE 114 Key Information –Kuka AG
TABLE 115 Key Information – Omron Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Apr) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Emerson Electric Co.
FIG 8 Swot analysis: Emerson Electric CO.
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Recent strategies and developments: Siemens AG
FIG 11 Swot analysis: Siemens AG
FIG 12 Recent strategies and developments: Rockwell Automation, Inc.
FIG 13 SWOT Analysis: Rockwell Automation, Inc.
FIG 14 Recent strategies and developments: Schneider Electric SE
FIG 15 Swot analysis: Schneider Electric SE
FIG 16 Recent strategies and developments: Honeywell International, Inc.
FIG 17 Swot analysis: Honeywell international, inc.
FIG 18 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 19 SWOT Analysis: Mitsubishi Electric Corporation
FIG 20 Recent strategies and developments: Omron Corporation
FIG 21 SWOT Analysis: Omron Corporation