North America Smart Factory Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers North America Smart Factory Manufacturers and the market is Segmented by Product (Machine Vision Systems (Cameras, Processors, Software, Enclosures, Frame Grabbers, Integration Services, Lighting), Industrial Robotics (Articulated Robots, Cartesian Robots, Cylindrical Robots, SCARA Robots, Parallel Robots, Collaborative Industry Robots), Control Devices (Relays and Switches, Servo Motors and Drives), Sensors, Communication Technologies (Wired, Wireless)), by Technology (Product Lifecycle Management (PLM), Human Machine Interface (HMI), Enterprise Resource and Planning (ERP), Manufacturing Execution System (MES), Distributed Control System (DCS), Supervisory Controller and Data Acquisition (SCADA), Programmable Logic Controller (PLC)), By End-User Industry (Automotive, Semiconductors, Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Aerospace & Defense, Food and Beverage, Mining), and by Country.

North America Smart Factory Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Smart Factory Market Size

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NA Smart Factory Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 9.50 %

Major Players

North America Smart Factory Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Smart Factory Market with other markets in Technology, Media and Telecom Industry

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North America Smart Factory Market Analysis

The North America Smart Factory Market is expected to register a CAGR of 9.5% during the forecast period.

  • The Maryville University estimates that by 2025, over 180 trillion gigabytes of data will be created worldwide every year. A large portion of this will be generated by IIoT-enabled industries. A survey by the Industrial IoT (IIoT) giant, Microsoft, found that 85% of companies have at least one IIoT use case project. This number will increase, as 94% of the respondents said they will implement IIoT strategies by 2021.
  • IoT technologies are overcoming the labor shortage in the manufacturing sector, especially in the developed countries, like the United States. Due to this, the Federal Government and the private sector in the United States are investing in Industry 4.0 IoT technologies, to increase the American industrial base, which was taken over by China and other low labor cost countries. Therefore, IoT technologies may mainly drive the adoption of smart factory solutions, across the world.
  • Also, the recent increase in tariffs is likely to force manufacturers of the United States to produce goods at a lower cost, which is to be achieved through automation. Auto companies that invested in automation pre-tariffs are ahead of the game, and they are the cost-saving blueprint for other companies. Companies that produce industrial robots and automation products are set to benefit, as they are the largest producers of the robots and equipment needed for automation.
  • Automation technologies, such as collaborative robots, require human intervention/ interaction. Furthermore, industrial control systems (ICS) are laced with security risks. Hence, ICS security solutions must be installed to prevent security threats to the systems, which increases the cost of maintaining ICS. Nevertheless, advancements in cybersecurity solutions are reducing the fear of security issues associated with ICS.

North America Smart Factory Industry Overview

The North American Smart Factory Market is moderately consolidated, with the presence of a few major companies. The companies are continuously investing in making strategic partnerships and product developments to gain more market share. Some of the recent developments in the market are:

  • April 2021- Mitsubishi Electric Corporation developed seven new X-Series products, including two HVIGBTs and five HVDIODEs, bringing the total number of X-Series power semiconductor modules to 24. These modules are designed for increasingly big-capacity, small-sized inverters used in traction motors, DC-power transmitters, substantial industrial machines, and other high-voltage, large-current equipment. Beginning in July, the models will be released in order.
  • September 2020 - Siemens and Grundfos signed a digital partnership framework for strategic cooperation between the two companies to focus on complementary products and solutions provided by both parties in three main areas: water and wastewater applications, industrial automation and building technology.

North America Smart Factory Market Leaders

  1. ABB Ltd

  2. Cognex Corporation

  3. Siemens AG

  4. Schneider Electric SE

  5. Yokogawa Electric Corporation

  6. *Disclaimer: Major Players sorted in no particular order
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North America Smart Factory Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Impact of Covid-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Adoption of Internet of Things (IoT) Technologies Across the Value Chain
    • 5.1.2 Rising Demand for Energy Efficiency
  • 5.2 Market Restraints
    • 5.2.1 Huge Capital Investments for Transformations
    • 5.2.2 Vulnerable to Cyber Attacks

6. MARKET SEGMENTATION

  • 6.1 By Product
    • 6.1.1 Machine Vision Systems
    • 6.1.1.1 Cameras
    • 6.1.1.2 Processors
    • 6.1.1.3 Software
    • 6.1.1.4 Enclosures
    • 6.1.1.5 Frame Grabbers
    • 6.1.1.6 Integration Services
    • 6.1.1.7 Lighting
    • 6.1.2 Industrial Robotics
    • 6.1.2.1 Articulated Robots
    • 6.1.2.2 Cartesian Robots
    • 6.1.2.3 Cylindrical Robots
    • 6.1.2.4 SCARA Robots
    • 6.1.2.5 Parallel Robots
    • 6.1.2.6 Collaborative Industry Robots
    • 6.1.3 Control Devices
    • 6.1.3.1 Relays and Switches
    • 6.1.3.2 Servo Motors and Drives
    • 6.1.4 Sensors
    • 6.1.5 Communication Technologies
    • 6.1.5.1 Wired
    • 6.1.5.2 Wireless
    • 6.1.6 Other Products
  • 6.2 By Technology
    • 6.2.1 Product Lifecycle Management (PLM)
    • 6.2.2 Human Machine Interface (HMI)
    • 6.2.3 Enterprise Resource and Planning (ERP)
    • 6.2.4 Manufacturing Execution System (MES)
    • 6.2.5 Distributed Control System (DCS)
    • 6.2.6 Supervisory Controller and Data Acquisition (SCADA
    • 6.2.7 Programmable Logic Controller (PLC)
    • 6.2.8 Other Technologies
  • 6.3 By End-user Industry
    • 6.3.1 Automotive
    • 6.3.2 Semiconductors
    • 6.3.3 Oil and Gas
    • 6.3.4 Chemical and Petrochemical
    • 6.3.5 Pharmaceutical
    • 6.3.6 Aerospace and Defense
    • 6.3.7 Food and Beverage
    • 6.3.8 Mining
    • 6.3.9 Other End-user Industries
  • 6.4 By Country
    • 6.4.1 United States
    • 6.4.2 Canada

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 ABB Ltd.
    • 7.1.2 Cognex Corporation
    • 7.1.3 Siemens AG
    • 7.1.4 Schneider Electric SE
    • 7.1.5 Yokogawa Electric Corporation
    • 7.1.6 Kuka AG
    • 7.1.7 Rockwell Automation Inc.
    • 7.1.8 Honeywell International Inc.
    • 7.1.9 Robert Bosch GmbH
    • 7.1.10 Mitsubishi Electric Corporation
    • 7.1.11 Fanuc Corporation
    • 7.1.12 Emerson Electric Company
    • 7.1.13 FLIR Systems Inc.
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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North America Smart Factory Industry Segmentation

The North American Smart Factory Market is segmented by product type, namely machine vision systems, and industrial robotics, among others, and by technology, which includes SCADA, PLC, and HMI, among others. The factories or manufacturing facilities in the North American region adopting smart technologies to enhance their operations are mainly considered under the scope of this study.

By Product Machine Vision Systems Cameras
Processors
Software
Enclosures
Frame Grabbers
Integration Services
Lighting
Industrial Robotics Articulated Robots
Cartesian Robots
Cylindrical Robots
SCARA Robots
Parallel Robots
Collaborative Industry Robots
Control Devices Relays and Switches
Servo Motors and Drives
Sensors
Communication Technologies Wired
Wireless
Other Products
By Technology Product Lifecycle Management (PLM)
Human Machine Interface (HMI)
Enterprise Resource and Planning (ERP)
Manufacturing Execution System (MES)
Distributed Control System (DCS)
Supervisory Controller and Data Acquisition (SCADA
Programmable Logic Controller (PLC)
Other Technologies
By End-user Industry Automotive
Semiconductors
Oil and Gas
Chemical and Petrochemical
Pharmaceutical
Aerospace and Defense
Food and Beverage
Mining
Other End-user Industries
By Country United States
Canada
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North America Smart Factory Market Research FAQs

What is the current North America Smart Factory Market size?

The North America Smart Factory Market is projected to register a CAGR of 9.5% during the forecast period (2025-2030)

Who are the key players in North America Smart Factory Market?

ABB Ltd, Cognex Corporation, Siemens AG, Schneider Electric SE and Yokogawa Electric Corporation are the major companies operating in the North America Smart Factory Market.

What years does this North America Smart Factory Market cover?

The report covers the North America Smart Factory Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Smart Factory Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Smart Factories Industry Report

Statistics for the 2025 North America Smart Factory market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Smart Factory analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.