In the Internet of Things environment, factories are automated for the express goals of improving cost efficiency, improving product quality, and reducing time to manufacture. Human laborers are expensive and have human needs and flaws - while machines can work endlessly with superhuman speeds and accuracy. IoT factory automation solutions can be very complex, where custom machines must be built, programmed, and fine-tuned by experts to mass-produce products. Preparing the factory floor with automated equipment is a time and labor-intensive process, and so entire businesses exist to provide factory automation equipment and services.
This report contains market size and forecasts of IoT Industrial Factory Automation Solutions in Global, including the following market information:
Global IoT Industrial Factory Automation Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global IoT Industrial Factory Automation Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Standard Factory Automation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of IoT Industrial Factory Automation Solutions include Honeywell, Siemens, Tata Motors, ABB, General Electric, Mettler-Toledo, TDS Automation, Schneider Electric and National Instruments, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the IoT Industrial Factory Automation Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IoT Industrial Factory Automation Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global IoT Industrial Factory Automation Solutions Market Segment Percentages, by Type, 2021 (%)
Standard Factory Automation
Customized Factory Automation
Global IoT Industrial Factory Automation Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global IoT Industrial Factory Automation Solutions Market Segment Percentages, by Application, 2021 (%)
Aerospace
Electronics and Semiconductors
Auto Industry
Others
Global IoT Industrial Factory Automation Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global IoT Industrial Factory Automation Solutions Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IoT Industrial Factory Automation Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies IoT Industrial Factory Automation Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Honeywell
Siemens
Tata Motors
ABB
General Electric
Mettler-Toledo
TDS Automation
Schneider Electric
National Instruments
FANUC
MKS Instruments
Eaton Corporation
Flowserve
Mitsubishi Electric
Omron
Yokogawa Electric
Ametek
Rockwell Automation
Emerson
Danaher