Close Lucintel Chat
Didn't Find What You're Looking for?
Call us at +1972 636 5056 or write at helpdesk@Lucintel.com
Ask an Expert Provide Custom Requirements Download Sample Report Search Available Reports
  • helpdesk@Lucintel.com
  • |
  • Call Lucintel +1 972 636 5056
  • |
  • Login
  • |
  • Register
  • |
  • Search
  • |
'
...

The Impact of COVID-19 is included in Smart Factory Market in Australia. Buy it today to get an advantage.

Request the impact of COVID-19 on your product or industry


Smart Factory in Australia Trends and Forecast

The future of the smart factory market in Australia looks promising with opportunities in the automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, and mining markets. The global smart factory market is expected to reach an estimated $215.7 billion by 2031 with a CAGR of 9.5% from 2025 to 2031. The smart factory market in Australia is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the rising demand for industrial robots and the growing adoption of IoT and artificial intelligence in the industrial market.

• Lucintel forecasts that, within the technology category, programmable logic controllers are expected to witness the highest growth over the forecast period due to their increasing demand from the semiconductor, automotive, and food and beverage industries.
• Within the end use industry category, automotive will remain the largest segment due to the growing demand for complex and demanding manufacturing processes in this industry.

Smart Factory Market in Australia Trends and Forecast

Emerging Trends in the Smart Factory Market in Australia

The Australian smart factory market is changing dramatically due to the increasing adoption of advanced technologies that enhance operational efficiency. It helps businesses reduce their costs while improving the quality of their products. The Australian manufacturing industry is embracing automation, data analytics, and connectivity, which are at the heart of Industry 4.0. These emerging trends are redefining the future of production systems in Australia through product and process flexibility. The following are the trends driving the smart factory market today.

• Increasing Adoption of IoT and Sensors: The Internet of Things (IoT) is gradually being integrated into smart factories within Australia. Through IoT devices and sensors, real-time data from machines, production lines, and other equipment is collected and used for predictive maintenance, quality control, and process optimization purposes. This leads to better decision-making and increased operational efficiency. IoT improves factory connectivity by enabling automation and delivering valuable insights toward performance enhancement.
• AI and Machine Learning for Predictive Analytics: Predictive analytics using artificial intelligence and machine learning in Australian smart factories is increasingly used. These technologies sort through voluminous amounts of data to predict equipment failures, optimize production schedules, and improve supply chain management. Manufacturers will see a reduction in downtime because of this, which will also increase operational productivity and overall profitability.
• Integration of Robotic Process Automation: Robotic process automation in smart factories is revolutionizing production lines in Australia. Robots are being used to automate repetitive and mundane tasks such as material handling, assembly, and inspection. Factories can reduce labor costs, improve accuracy, and achieve faster production cycles by automating these tasks. RPA enables manufacturers to shift their workforce to higher-value tasks and optimize the overall productivity of factory operations.
• Adoption of 5G Connectivity: 5G connectivity will play a key role in the development of smart factories in Australia. With 5G networks, data transmission is faster and more reliable, supporting real-time communication between machines, devices, and sensors. This enhances the speed and responsiveness of automated systems in factories, allowing for improved coordination and monitoring. 5G connectivity also supports the integration of advanced technologies such as augmented reality and remote control, further enhancing factory operations.
• Sustainability and Energy Efficiency Innovations: Sustainability is becoming a core focus in Australian smart factories. More energy-efficient technologies are being invested in, waste reduction initiatives are being put into place, and sustainability is being practiced to reduce carbon footprints. Smart factories rely on sensors and data analytics to track energy usage, optimize resource use, and eliminate waste. The integration of renewable sources, including solar energy, is becoming increasingly embraced as it saves costs in operations and contributes to environmental sustainability.

The recent trends of the smart factory market, such as the adoption of IoT, AI integration, robotic automation, 5G connectivity, and sustainability efforts, are transforming the processes of manufacturing industries. These trends improve productivity and reduce costs for manufacturers while elevating operational efficiency, positioning them at the forefront of the global revolution in smart factories.

Recent Developments in the Smart Factory Market in Australia

The market for smart factories in Australia is experiencing rapid transformation with the help of the increased uptake of advanced technologies and sustainability concerns. Australian manufacturers are integrating IoT devices, artificial intelligence, and robotics to transform production processes. The following are the key developments that have shaped the transformation of Australian manufacturing toward becoming more efficient, connected, and sustainable.

• Emergence of Smart Manufacturing Platforms: Smart manufacturing platforms are gaining acceptance in Australia. They enable manufacturers to integrate IoT, AI, and data analytics into their production processes. Such platforms offer real-time monitoring and analytics that enhance performance and help in making decisions. Adoption of smart platforms leads to better process management, predictive maintenance, and a more responsive production system, thereby improving productivity and reducing costs.
• Robotics in Manufacturing Growth: Robotics is playing an increasingly significant role in Australian smart factories. Automated systems, such as collaborative robots (cobots) and industrial robots, are being installed across production lines. These robots perform tasks like assembly, inspection, and packaging, reducing human labor and increasing production speed and precision. The growing use of robotics in manufacturing is helping Australian factories meet the demand for faster, more accurate production while reducing operational costs.
• AI Integration for Supply Chain Optimization: Australian smart factories are integrating artificial intelligence into their supply chain management systems. AI algorithms are used to optimize inventory, forecast demand, and manage logistics in real time. This integration enables manufacturers to improve supply chain efficiency, reduce delays, and ensure that production lines are never disrupted due to supply shortages. AI-based optimization leads to better resource allocation and cost savings.
• Investments in Cybersecurity for Industrial Systems: Today, greater interconnectivity has created more intensive demands for data security, securing industrial systems from cyber threats, and protecting firmsÄX%$%X sensitive operational data to ensure smooth operations by automated systems. Australian manufacturers now invest heavily in cybersecurity measures. Securing networks and production processes now tops the list of priorities for manufacturers throughout Australia, considering the increased usage of IoT, AI, and robotics.
• Greater Embrace of Energy Efficiency: The call for sustainability in Australian manufacturing has led to an increase in the use of energy-efficient technologies. Factories are spending on smart energy management systems to optimize their use of energy while reducing waste. Investment in renewable energy sources, such as the use of solar power, is becoming common, which means that it aids factories in attaining carbon footprint reductions and cuts off their operating costs.

The recent developments in the Australian smart factory market, like the rise of smart manufacturing platforms, robotics adoption, AI integration, cybersecurity investments, and energy-efficient technologies, are changing the face of the manufacturing landscape. These advancements will improve productivity, reduce costs, and drive sustainability, thus ensuring that Australian factories are on a winning streak in the global competitive market.

Strategic Growth Opportunities for Smart Factory Market in Australia

The smart factory market in Australia offers various strategic growth opportunities as manufacturers adopt advanced technologies to optimize production, reduce costs, and meet sustainability goals. Some of the key applications that will offer growth opportunities include automation, AI integration, robotics, supply chain optimization, and energy management. The following growth opportunities explain how Australian manufacturers can take advantage of these trends to improve their operations and stay ahead in the rapidly changing market.

• Automation in Manufacturing Processes: Automation is one of the biggest growth opportunities in the Australian smart factory market. Robotics, autonomous machines, and automated production lines can help improve efficiency, reduce labor costs, and enhance product quality. Manufacturers can streamline their production processes, increase throughput, and stay competitive in a globalized market by integrating automation technologies.
• AI-Driven Production Optimization: Artificial intelligence holds enormous potential for increasing production efficiency and making better decisions in Australian smart factories. AI algorithms can process large data sets to optimize production schedules, improve quality control, and reduce downtime. Australian manufacturers can increase operational efficiency, minimize costs, and have greater flexibility in their manufacturing processes by leveraging AI-driven optimization.
• Robotics for Assembly and Packaging: The core area of smart factories in Australia involves robotics, mainly in the process of assembly and packaging. Cobots and industrial robots can automatically replace repetitive operations that require a human workforce and provide more precise outputs. Increased manufacturing with robotics has made it easier for Australian companies to scale production according to demand at a much faster rate and achieve high-quality product supply.
• AI-Powered Supply Chain Management: Australian smart factories have a great opportunity in AI integration in supply chain management. AI algorithms optimize inventory management, predict demand, and improve logistics, making the supply chain more efficient. The integration of AI into the operations of manufacturers helps them reduce stockouts, minimize waste, and increase production efficiency so that products reach customers on time.
• Energy Management for Sustainability: Energy efficiency is a significant growth opportunity in the Australian smart factory market. Manufacturers can optimize energy consumption, minimize waste, and lower operating costs by integrating smart energy management systems. Renewable energy sources, such as solar power, combined with energy-efficient systems, help manufacturers achieve sustainability goals while reducing carbon footprints.

The Australian smart factory market holds high growth opportunities for manufacturers, particularly in automation, AI-driven optimization, robotics, supply chain management, and energy efficiency. Through embracing these applications, manufacturers will increase their competitiveness, lower their costs, and promote environmental sustainability. As a result, the Australian smart factory market is expected to shine brightly in the future.

Smart Factory Market in Australia Driver and Challenges

Many factors drive the Australian smart factory market, including significant technological, economic, and regulatory drivers, alongside key challenges. These factors dictate the direction that the market must take, raising opportunities and presenting obstacles for the Australian manufacturer on the path toward embracing smart factory solutions.

The factors responsible for driving the smart factory market in Australia include:
• Advancement in Automation: Technological innovations in automation, robotics, and IoT have been driving the growth of smart factory markets in Australia. It allows manufacturers to optimize production processes, reduce labor costs, and increase operational efficiency. The inclusion of automated systems leads to faster production cycles, improved accuracy, and higher-quality products.
• Demand for Improved Operational Efficiency: Australian manufacturers have to look for ways to enhance their operational efficiency in the wake of increasing global competition. One of the prime drivers of the adoption of smart factories is cost-cutting, increased productivity, and reduced downtime. Manufacturers can reduce waste, increase efficiency, and remain competitive in the global marketplace by implementing advanced technologies like AI, automation, and IoT.
• Government Support for Industry 4.0 Initiatives: The Australian government has initiated several programs to support the adoption of Industry 4.0, offering incentives, grants, and funding to encourage manufacturers to implement smart factory solutions. Government-backed initiatives are driving the adoption of smart technologies by providing financial support and facilitating the transition to digital manufacturing.
• Focus on Sustainability and Energy Efficiency: The other key driver for the smart factory market in Australia is sustainability. Manufacturers are now opting for energy-efficient technologies and renewable energy sources to minimize their carbon footprint. Smart energy management systems help factories monitor and optimize their energy usage, which assists companies in achieving sustainability goals and reducing costs.
• Data Analytics and AI Capability Growth: The growth in data analytics and AI capabilities is fueling the smart factory market expansion. Manufacturers use AI and big data to optimize production, predict maintenance needs, and manage their supply chain more effectively. This technology provides more intelligent decisions and better resource utilization and also results in the effective operation of the factory.

Challenges in the smart factory market in Australia are:
• High Initial Investment Costs: The implementation of smart factory solutions often requires significant upfront investment in automation, robotics, and other advanced technologies. Smaller manufacturers may face challenges in securing funding for these technologies, which can limit their ability to compete with larger companies that have more resources.
• Cybersecurity Risks: As factories become more connected, the risk of cyber threats increases. The biggest challenge for Australian manufacturers is protecting industrial systems and sensitive data from cyberattacks. It is essential to ensure that robust cybersecurity measures are in place to safeguard operations and prevent disruptions.
• Skill Shortages in Advanced Technologies: The fast adoption of advanced technologies such as AI, robotics, and IoT presents a challenge in terms of skilled labor. There is a shortage of workers with the expertise needed to implement, maintain, and optimize these technologies. It is important to address skill gaps and invest in workforce development programs to ensure the successful implementation of smart factories.

The smart factory market in Australia is driven by technological advancements, a demand for operational efficiency, government support, sustainability efforts, and the growth of AI and data analytics. However, challenges such as high initial investment costs, cybersecurity risks, and skill shortages must be addressed to ensure the successful transition to smart manufacturing. Overcoming these challenges will enable Australian manufacturers to harness the full potential of smart factory technologies.

List of Smart Factory Market in Australia Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, smart factory companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart factory companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7



Smart Factory Market in Australia by Segment

The study includes a forecast for the smart factory market in Australia by type, technology, and end use industry.

Smart Factory Market in Australia by Type [Analysis by Value from 2019 to 2031]:


• Machine Vision Systems
• Industrial Robotics
• Control Devices
• Sensors
• Communication Technologies
• Others

Smart Factory Market in Australia by Technology [Analysis by Value from 2019 to 2031]:


• Product Lifecycle Management
• Human Machine Interface
• Enterprise Resource Planning
• Manufacturing Execution Systems
• Distributed Control Systems
• Supervisory Controller and Data Acquisition
• Programmable Logic Controller

Smart Factory Market in Australia by End Use Industry [Analysis by Value from 2019 to 2031]:


• Automotive
• Semiconductors
• Oil and Gas
• Chemical
• Pharmaceutical
• Aerospace and Defense
• Food and Beverage
• Mining
• Others

Lucintel Analytics Dashboard

Features of the Smart Factory Market in Australia

Market Size Estimates: Smart factory in Australia market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Smart factory in Australia market size by type, technology, and end use industry in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different type, technology, and end use industry for the smart factory in Australia.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart factory in Australia.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
Lucintel Consulting Services

FAQ

Q.1 What are the major drivers influencing the growth of the smart factory market in Australia?
Answer: The major drivers for this market are rising demand for industrial robots and growing adoption of IoT and artificial intelligence in industrial market.
Q2. What are the major segments for smart factory market in Australia?
Answer: The future of the smart factory market in Australia looks promising with opportunities in the automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, and mining markets.
Q3. Which smart factory market segment in Australia will be the largest in future?
Answer: Lucintel forecasts that programmable logic controller is expected to witness highest growth over the forecast period due to its increasing demand from semiconductor, automotive, and food and beverage industries.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the smart factory market in Australia by type (machine vision systems, industrial robotics, control devices, sensors, communication technologies, and others), technology (product lifecycle management, human machine interface, enterprise resource planning, manufacturing execution systems, distributed control systems, supervisory controller and data acquisition, and programmable logic controller), and end use industry (automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, mining, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Smart Factory Market in Australia, Smart Factory Market in Australia Size, Smart Factory Market in Australia Growth, Smart Factory Market in Australia Analysis, Smart Factory Market in Australia Report, Smart Factory Market in Australia Share, Smart Factory Market in Australia Trends, Smart Factory Market in Australia Forecast, Smart Factory Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

                                                            Table of Contents

            1. Executive Summary

            2. Smart Factory Market in Australia: Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Smart Factory Market in Australia Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Smart Factory Market in Australia by Type
                                    3.3.1: Machine Vision Systems
                                    3.3.2: Industrial Robotics
                                    3.3.3: Control Devices
                                    3.3.4: Sensors
                                    3.3.5: Communication Technologies
                                    3.3.6: Others
                        3.4: Smart Factory Market in Australia by Technology
                                    3.4.1: Product Lifecycle Management
                                    3.4.2: Human Machine Interface
                                    3.4.3: Enterprise Resource Planning
                                    3.4.4: Manufacturing Execution Systems
                                    3.4.5: Distributed Control Systems
                                    3.4.6: Supervisory Controller and Data Acquisition
                                    3.4.7: Programmable Logic Controller
                        3.5: Smart Factory Market in Australia by End Use Industry
                                    3.5.1: Automotive
                                    3.5.2: Semiconductors
                                    3.5.3: Oil and Gas
                                    3.5.4: Chemical
                                    3.5.5: Pharmaceutical
                                    3.5.6: Aerospace and Defense
                                    3.5.7: Food and Beverage
                                    3.5.8: Mining
                                    3.5.9: Others

            4. Competitor Analysis
                        4.1: Product Portfolio Analysis
                        4.2: Operational Integration
                        4.3: Porter’s Five Forces Analysis

            5. Growth Opportunities and Strategic Analysis
                        5.1: Growth Opportunity Analysis
                                    5.1.1: Growth Opportunities for the Smart Factory Market in Australia by Type
                                    5.1.2: Growth Opportunities for the Smart Factory Market in Australia by Technology
                                    5.1.3: Growth Opportunities for the Smart Factory Market in Australia by End Use Industry
                        5.2: Emerging Trends in the Smart Factory Market
                        5.3: Strategic Analysis
                                    5.3.1: New Product Development
                                    5.3.2: Capacity Expansion of the Smart Factory Market in Australia
                                    5.3.3: Mergers, Acquisitions, and Joint Ventures in the Smart Factory Market in Australia
                                    5.3.4: Certification and Licensing

            6. Company Profiles of Leading Players
                        6.1: Company 1
                        6.2: Company 2
                        6.3: Company 3
                        6.4: Company 4
                        6.5: Company 5
                        6.6: Company 6
                        6.7: Company 7
.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Smart Factory Market in Australia Full Report $ 4,850
150 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

Please sign in below to get report brochure - Smart Factory Market in Australia .

At Lucintel, we respect your privacy and maintain the confidentiality of information / data provided by you
(Please enter your corporate email. * These fields are mandatory )

Follow us on