Dallas, Texas (PRWEB) September 01, 2013
The Smart Factory is referred to as a fully integrated and affordable factory automation solution that streamlines the flow of materials through a manufacturing facility. Most of the industry experts believe that the smart factory will be the next big fixation in the industrial revolution. It offers MES and factory specific templates, enables problem visibility, and delivers factory reports and dashboards so that inventory control and decision making can be improved.
The total global market is expected to reach market revenue of $ 246.03 billion by 2018. In terms of technology, ICS accounted for the largest market revenue at $ 40.04 billion, while MES enjoyed the least market share, in 2012. However, MES is expected to grow at the highest CAGR from 2013 to 2018. For the field devices segment, industrial robotics accounted for the largest market revenue, while RFID systems enjoyed the least market revenue in 2012. Americas, with U.S. commanded for about 32% of the market share revenue. However, AsiaPacific, with Korea and China leading the way, is likely to grow at the highest CAGR.
The Smart factory (http://www.reportsnreports.com/reports/267692-smart-factory-market-by-technology-scada-dcs-plc-erp-mes-plm-mom-field-devices-industrial-network-robotics-rfid-and-motors-drives-relays-switches-sensors-application-process-discrete-global-forecast-analysis-2013-2018-.html) is being referred to as industry 4.0 or the fourth industrial revolution. Industry experts opine that this will contribute in industrial automation to a large extent, especially in heavy industry manufacturing. This is like a gleam of light, a shining, interconnected web of information and production in industrial revolution.