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    APAC Smart Factory Market

    ID: MRFR/SEM/19783-HCR
    128 Pages
    Aarti Dhapte
    September 2025

    Asia Pacific Smart Factory Market Research Report Information By Component (Industrial Sensors, Industrial Robots, Industrial 3D Printing, and Machine Vision), By Solution (SCADA, MES, Industrial Safety, and PAM), By Industry (Process Industry and Discrete Industry) –and Asia Pacific Market Forecast Till 2034

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    Table of Contents

    APAC Smart Factory Market Summary

    The Asia-Pacific Smart Factory market is projected to grow from 71.3 USD Billion in 2024 to 182.2 USD Billion by 2035, indicating robust expansion.

    Key Market Trends & Highlights

    Asia Pacific Smart Factory Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate of 8.9 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 182.2 USD Billion, reflecting significant growth potential.
    • In 2024, the market is valued at 71.3 USD Billion, establishing a solid foundation for future advancements.
    • Growing adoption of automation technologies due to increasing demand for operational efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 71.3 (USD Billion)
    2035 Market Size 182.2 (USD Billion)
    CAGR (2025-2035) 8.9%

    Major Players

    ABB Ltd. (Switzerland), Endress+ Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric Company (US), Rockwell Automation Inc, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), Yokogawa Electric Corp. (Japan)

    APAC Smart Factory Market Trends

      • Integration of IoT devices for real-time monitoring is driving the market growth.

    The Asia Pacific smart factory market CAGR is expanding due to the integration of IoT devices for real-time monitoring. These devices allow seamless communication and data sharing across machines, systems, and workers, resulting in a highly efficient and responsive manufacturing environment. Manufacturers get unprecedented insight into their processes by incorporating IoT sensors and devices in the manufacturing line. Real-time monitoring enables proactive decision-making by enabling immediate modifications to optimize operations, increase quality control, and ensure timely maintenance interventions. This feature improves operating efficiency and minimizes the likelihood of equipment failure and costly downtime.

    APAC Smart Factory Market Drivers

    Market Segment Insights

    APAC Smart Factory Component Insights

    The Asia Pacific smart factory market segmentation, based on component, includes industrial sensors, industrial robots, industrial 3D printing, and machine vision. The industrial sensors segment dominated the market. These sensors determine real-time data on various parameters, including temperature, pressure, and vibration, allowing predictive maintenance, process optimization, and quality control. Integration of industrial sensors improves visibility and control over production activities, allowing more flexible decision-making and efficiency gains in smart factory environments. Their extensive acceptance demonstrates their vital role in improving the capabilities of modern production processes.

    APAC Smart Factory Solution Insights

    The Asia Pacific Smart Factory market segmentation is based on solution, SCADA, MES, industrial safety, and PAM. The manufacturing execution systems (MES) category generated the most income (40%). MES integrates production processes, data management, and resource allocation, providing real-time information on factory operations. This technology improves efficiency, quality control, and regulatory compliance while maximizing resource utilization. MES enables smooth communication between various components of the smart industrial ecosystem, resulting in coordinated and synchronized processes. Its powerful characteristics make it essential for firms looking to boost productivity and competitiveness in the modern era of smart manufacturing.

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    APAC Smart Factory Industry Insights

    The Asia Pacific Smart Factory market segmentation is based on industry, process industry, and discrete industry. The discrete industry category generated the most income. With its ability to integrate automation, AI, and IoT, smart factory solutions streamline production processes, enhance quality control, and optimize supply chain management. These advancements cater specifically to the discrete manufacturing sector, offering tailored solutions to improve efficiency, reduce downtime, and minimize waste. As a result, discrete manufacturers are increasingly investing in smart factory technologies to gain a competitive edge and meet the demands of a rapidly evolving market landscape.

    APAC Smart Factory Country Insights

    In the Asia Pacific region, several significant countries are encouraging the adoption and growth of smart industrial technologies. China, with its strong manufacturing sector, leads the region in employing smart industrial solutions to boost efficiency and competitiveness. The Chinese government's policies are boosting the use of advanced technologies in manufacturing, including AI, IoT, and robots. Japan, recognized for its creative manufacturing practices, is also at the forefront of the adoption of smart industrial technology. Japanese corporations are making significant investments in automation and digitalization to optimize manufacturing processes and retain global leadership in various industries.

    South Korea is another important participant in the smart industrial environment, with significant conglomerates driving the adoption of Industry 4.0 technology. Overall, these primary source nations in the Asia Pacific region are critical in influencing the trajectory of smart factory technology adoption, generating developments, and driving market expansion in the region.

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

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    Regional Insights

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smart Factory market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the smart factory industry must offer cost-effective items.

    Major players in the Smart Factory market are attempting to increase market demand by investing in research and development operations includes ABB Ltd. (Switzerland), Endress+ Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric Company (US), Rockwell Automation Inc, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan).

    Key Companies in the APAC Smart Factory Market market include

    Industry Developments

    In August 2024, the expansion of Smart Factory Solutions in China Siemens the company introduced a new digital factory hub in Shanghai, noting an expansion of its smart factory solutions in China. This hub will focus on the development and operation of Industry 4.0 solutions of the Siemens Corp, including smart factories, smart devices, and smart analytics. The funding is also intended to help local manufacturers modernize their production and implement smart factory concepts.

    In August 2024, a new smart factory initiative in Japan Mitsubishi Electric Corporation launched a new smart factory initiative, this time based in Nagoya, Japan recognizable by its AI and robotics integration in the manufacturing sector. The project refers to advanced robotic facilities and a project management system with the use of AI. It is expected that efficiency in production processes and operational flexibility will improve the company’s position in the smart manufacturing sector under Mitsubishi Electric.

    In July 2024, India Bosch Smart Factory Solutions in India witnessed a launch of a new multiple range of smart factory solutions bespoke for the Indian market. The company has set up a new smart manufacturing unit in Pune, which will be dedicated to developing solutions for efficient automation, data analytics and predictive maintenance. This initiative is a part of Bosch’s plan to promote the growth of the manufacturing sector in India by bringing in advanced technologies that will help in optimizing the manufacturing processes.

    In July 2024, Hyundai Motor Group, an automobile manufacturer group, J(serializers usage), highlights samurai Misanen works and expanded activity investing smart factory with all technological facilities in South Korea Iconnect centric house sci B. Including 10 upgraded smart factories toward integrating recent advancing robotics & AI technologies. The integration includes deploying autonomous robots for assembly line work and advanced results systems for watching and improving assembly in real time. These modifications are designed to improve production efficiency as well as reduce the costs of overhead costs in the manufacturing facilities of Hyundai.

    In July of 2024, Smart Factory Collaboration in Singapore. In Singapore, ABB has partnered with local industrial companies to initiate a smart factory pilot project. This partnership is directed at the application of ABB’s Internet powered solutions, such as analytics as well as automation solutions, towards improving the overall manufacturing efficiency. The objective of this pilot program is to promote smart factory technologies among manufacturers based in Singapore.

    January 2023: Siemens Digital Industries Software opened eXplore Live at The Smart Factory @ Wichita, a Deloitte-led center demonstrating Industry 4.0. Located at Wichita State University's Innovation Campus, it featured a fully operational production line and labs for developing smart manufacturing innovations.

    Market Segmentation

    APAC Smart Factory Industry Outlook

    • Process Industry
    • Discrete Industry

    APAC Smart Factory Regional Outlook

    • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Thailand
    • Vietnam
    • Malaysia
    • Singapore
    • Rest of Asia-Pacific

    APAC Smart Factory Solution Outlook

    • SCADA
    • MES
    • Industrial Safety
    • PAM

    APAC Smart Factory Component Outlook

    • Industrial Sensors
    • Industrial Robots
    • Industrial 3D Printing
    • Machine Vision

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 71.29 Billion
    Market Size 2025 USD 77.64 Billion
    Market Size 2034 USD 167.27 Billion
    Compound Annual Growth Rate (CAGR) 8.9% (2025-2034)
    Base Year 2024
    Market Forecast Period 2025-2034
    Historical Data 2020-2023
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Solution, Industry, and Region
    Region Covered Asia Pacific
    Countries Covered China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia-Pacific
    Key Companies Profiled ABB Ltd. (Switzerland), Endress+ Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric Company (US), Rockwell Automation Inc, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan).
    Key Market Opportunities Automated supply chain management to reduce costs and increase efficiency.
    Key Market Dynamics Rising demand for predictive maintenance solutions. Emphasis on cost reduction and integration of IoT devices for real-time monitoring.

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Get In Touch
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    FAQs

    How much is the smart factory market?

    The Asia Pacific smart factory market size was valued at USD 71.29 Billion in 2024.

    What is the growth rate of the smart factory market?

    The market is projected to grow at a CAGR of 8.9% during the forecast period, 2025-2034.

    Who are the key players in the smart factory market?

    The key players in the market are ABB Ltd. (Switzerland), Endress+ Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric Company (US), Rockwell Automation Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan).

    Which component led the smart factory market?

    The industrial sensors category dominated the market in 2023.

    Which solution had the largest market share in the smart factory market?

    The MES category had the largest share of the market.

    1. Executive summary
    2. Market Introduction
      1. Definition
      2. Scope of the Study
        1. Research Objective
        2. Assumptions
        3. Limitations
    3. Research Methodology
    4. Overview
      1. Data Mining
      2. Secondary Research
      3. Primary Research
        1. Primary Interviews and Information Gathering Process
        2. Breakdown
    5. of Primary Respondents
      1. Forecasting Model
      2. Market Size Estimation
        1. Bottom-Up Approach
        2. Top-Down Approach
      3. Data Triangulation
      4. Validation
    6. Market Dynamics
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    7. Market Factor Analysis
    8. Value Chain Analysis
      1. Porter’s Five Forces Analysis
        1. Bargaining
    9. Power of Suppliers
      1. Bargaining Power of Buyers
        1. Threat of
    10. New Entrants
      1. Threat of Substitutes
        1. Intensity of Rivalry
      2. COVID-19 Impact Analysis
        1. Market Impact Analysis
        2. Regional
    11. Impact
      1. Opportunity and Threat Analysis
    12. ASIA PACIFIC SMART FACTORY
    13. MARKET, BY Component
      1. Overview
      2. Industrial Sensors
      3. Industrial
    14. Robots
      1. Industrial 3D Printing
      2. Machine Vision
    15. ASIA PACIFIC
    16. SMART FACTORY MARKET, BY Solution
      1. Overview
      2. SCADA
      3. MES
      4. Industrial Safety
      5. PAM
    17. ASIA PACIFIC SMART FACTORY MARKET,
    18. BY Industry
      1. Overview
      2. Process Industry
      3. Discrete Industry
    19. ASIA PACIFIC SMART FACTORY MARKET, by Region
      1. Overview
      2. Asia
    20. Pacific
      1. China
        1. Japan
        2. India
        3. Australia
        4. South Korea
        5. Indonesia
        6. Thailand
        7. Vietnam
        8. Malaysia
        9. Singapore
        10. Rest of Asia-Pacific
    21. Competitive Landscape
      1. Overview
      2. Competitive Analysis
    22. Market Share Analysis
      1. Major Growth Strategy in the Asia Pacific Smart
    23. Factory Market,
      1. Competitive Benchmarking
      2. Leading Players in
    24. Terms of Number of Developments in the Asia Pacific Smart Factory Market,
    25. Key Developments and Growth Strategies
      1. New Product Launch/Service Deployment
        1. Merger & Acquisitions
        2. Joint Ventures
      2. Major
    26. Players Financial Matrix
      1. Sales & Operating Income, 2023
    27. Major Players R&D Expenditure. 2023
    28. Company ProfileS
      1. ABB
    29. Ltd. (Switzerland)
      1. Company Overview
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Endress+ Hauser AG (Switzerland)
    30. Company Overview
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. Emerson Electric Co. (US)
        1. Company Overview
        2. Financial
    31. Overview
      1. Products Offered
        1. Key Developments
    32. SWOT Analysis
      1. Key Strategies
      2. General Electric Company (US)
        1. Company Overview
        2. Financial Overview
        3. Products
    33. Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key
    34. Strategies
      1. Rockwell Automation Inc, Inc. (US)
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      2. Schneider Electric
    35. SE (France)
      1. Company Overview
        1. Financial Overview
    36. Products Offered
      1. Key Developments
        1. SWOT Analysis
    37. Key Strategies
      1. Siemens AG (Germany)
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      2. Mitsubishi Electric
    38. Corp. (Japan)
      1. Company Overview
        1. Financial Overview
    39. Products Offered
      1. Key Developments
        1. SWOT Analysis
    40. Key Strategies
      1. Honeywell International Inc. (US)
        1. Company
    41. Overview
      1. Financial Overview
        1. Products Offered
    42. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    43. Yokogawa Electric Corp. (Japan)
      1. Company Overview
        1. Financial
    44. Overview
      1. Products Offered
        1. Key Developments
    45. SWOT Analysis
      1. Key Strategies
    46. Appendix
      1. References
      2. Related Reports
    47. Factory Market, Synopsis, 2019-2032
    48. Estimates & Forecast, 2020-2034(USD BILLION)
    49. FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    50. FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    51. FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    52. MARKET, BY Component, 2020-2034(USD BILLION)
    53. BY Solution, 2020-2034(USD BILLION)
    54. Industry, 2020-2034(USD BILLION)
    55. 2034(USD BILLION)
    56. BILLION)
    57. India: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    58. Australia: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    59. Australia: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    60. Australia: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    61. South Korea: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    62. South Korea: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    63. South Korea: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    64. Indonesia: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    65. Indonesia: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    66. Indonesia: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    67. Thailand: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    68. Thailand: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    69. Thailand: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    70. Vietnam: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    71. Vietnam: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    72. Vietnam: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    73. Malaysia: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    74. Malaysia: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    75. Malaysia: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    76. Singapore: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    77. Singapore: SMART FACTORY MARKET, BY Solution, 2020-2034(USD BILLION)
    78. Singapore: SMART FACTORY MARKET, BY Industry, 2020-2034(USD BILLION)
    79. rest of Asia Pacific: SMART FACTORY MARKET, BY Component, 2020-2034(USD BILLION)
    80. BILLION)
    81. 2034(USD BILLION)
    82. Market Dynamics for the Asia Pacific Smart Factory Market
    83. Smart Factory Market, Share (%), BY Component, 2023
    84. Factory Market, Share (%), BY Solution, 2023
    85. Market, Share (%), BY Industry, 2023
    86. Share (%), by Region, 2023
    87. Share Analysis, 2023 (%)
    88. SNAPSHOT
    89. Hauser AG (Switzerland): FINANCIAL OVERVIEW SNAPSHOT
    90. AG (Switzerland): SWOT ANALYSIS
    91. OVERVIEW SNAPSHOT
    92. General Electric Company (US): FINANCIAL OVERVIEW SNAPSHOT
    93. Electric Company (US): SWOT ANALYSIS
    94. (US): FINANCIAL OVERVIEW SNAPSHOT
    95. SWOT ANALYSIS
    96. SNAPSHOT
    97. Siemens AG (Germany): FINANCIAL OVERVIEW SNAPSHOT
    98. SWOT ANALYSIS
    99. SNAPSHOT
    100. Honeywell International Inc. (US): FINANCIAL OVERVIEW SNAPSHOT
    101. Honeywell International Inc. (US): SWOT ANALYSIS
    102. Corp. (Japan): FINANCIAL OVERVIEW SNAPSHOT
    103. (Japan): SWOT ANALYSIS

    Asia Pacific Smart Factory Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Report Infographic
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