Smart Factory Global Market

Date: 2/2/2015

The global smart factory market is expected to reach nearly $67 billion by 2020, growing at a CAGR of 6% from 2014 to 2020

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  • Publishing Date: December 2014
  • Report Code: SE 3068

Smarter Manufacturing, Smart Factory The development and adoption of intelligent technologies across all the major industries such manufacturing, petrochemicals, energy, and mining has revolutionized the industrial sector. The factors that are driving the growth of the Smart Factory market are the rising practice for advanced base for manufacturing, increased focus on energy consumption and improved efficiency of manufacturing. However, the major restraints for the growth of the market are lack of interoperability & standardization and the shortage of trained workers.

The Information and communications technology (ICT) revolution has finally come to factory floors around the world. Today, manufacturing is becoming highly-automated and IT-driven or simply put, “smart.” Every day, advances in modern manufacturing technologies make factories smarter, safer and also more environmentally sustainable.  Progressive businesses will strategically investing to transform their operations from cost centers into smart manufacturing profit centers that will dramatically increase their sales.

Smarter manufacturing or Smart Factory is the advanced factory system that creates cyber-physical systems where materials can be moved efficiently across the factory floor. This would provide significant real-time quality, time, resource, and cost advantages in comparison with the traditional production systems. Sensing components such as actuators and sensors within the industrial set-up are expected to become “smart” as they are, increasingly, becoming self-sufficient with integrated computing abilities and low power consumption. This advanced system has integrated computing codes that provides automation solution. 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.

The Smart Factory Market on the Basis of Different Types of Technology:

  • Programmable Logic Controller (PLC): is an industrial computer control system that continuously monitors the state of input devices and makes decisions based upon a custom program to control the state of output devices.
  • Human Machine Interface (HMI): is user interface in a manufacturing or process control system. It provides a graphics-based visualization of an industrial control and monitoring system.
  • Supervisory Control and Data Acquisition (SCADA): is a system operating with coded signals over communication channels so as to provide control of remote equipment.
  • Manufacturing Execution System (MES): is a control system for managing and monitoring work-in-process on a factory floor.
  • Distributed Control System (DCS): is a control system for a process or plant, wherein control elements are distributed throughout the system
  • Product Lifecycle Management (PLM): is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.



Smart HMI Touch PanelsThe Industrial Internet of Things (IIoT) is the next generation of the Internet based on the Internet Protocol (IP). It facilitates end-point devices by allowing the automatized use of data generated by sensors or devices that are connected to wired and wireless communication networks. The Internet of Things and AIS has already been making a significant impact on the transportation industry, providers, cities and consumers.

AIS next generation HMI Touch Panel Series are engineered to meet the increasingly complex processes, demanding visualization and control tasks of machines and automation systems while simplifying operation and programming. Using flexible and standardized interfaces for embedded computing allows for easy and efficient integration for almost any machine, application or environment. Learn More>