Global Smart Factory Market Size, Forecasts, And Opportunities – Includes Smart Factory Market Analysis
Learn about the global smart factory market through The Business Research Company, which provides information on smart factory market size, smart factory market drivers and restraints, smart factory market players, the COVID-19 impact on the smart factory market, and more.
The global smart factory market is expected to grow from $61.61 billion in 2021 to $71.05 billion in 2022 at a compound annual growth rate (CAGR) of 15.3%. The global smart factory market size is expected to grow to $112.32 billion in 2026 at a CAGR of 12.1%.
The growing demand for industrial robots is expected to propel the growth of the smart factory market going forward.
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The smart factory market consists of sales of the smart factory by entities (organizations, sole traders, and partnerships) that are used to improve processes and address issues in manufacturing processes. A smart factory refers to a factory where physical production processes and operations are combined with digital technology, smart computing, and big data to create a more opportunistic system for companies that are focusing on manufacturing and supply chain management.
By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Others
By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services
By Industry Vertical: Automotive, Aerospace and Defense, Electrical and Electronics, Food and Beverages, Energy and Utilities, Healthcare and Pharmaceuticals, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global smart factory market in 2021.
Technology advancements are a key trend gaining popularity in the smart factory market. Major companies in the smart factory sector are using advanced technologies to improve the production process and achieve better efficiency.
TBRC’s Smart Factory Market Report Covers:
Major Market Players: ABB, Emerson Electric Co, General Electric, Honeywell International Inc, IBM, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc, Schneider Electric, Siemens, Yokogawa Electric Corp, Cisco Systems Inc, Dassault Systèmes, Endress+Hauser AG, Kollmorgen, Kuka AG, Omron Corporation, and Oracle Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Smart Factory Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides smart factory market overviews, analyzes and forecasts market size, share, smart factory market players, smart factory market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s smart factory market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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