Smart Factory Market Market
Information Technology

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.


Request A Sample For The Global Smart Factory Market Report:


Smart Factory Market Market
Smart Factory Market Market


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.


Global Smart Factory Market Segments Include:

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.


Here Is A List Of Similar Reports From The Business Research Company:

Plant Factory Global Market Report 2022

Metalworking Machinery Global Market Report 2022

Textile And Fabric Finishing And Fabric Coating Mills Global Market Report 2022


Interested To Know More About The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.


Read more about us at


Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293


Follow us on LinkedIn:

Follow us on Twitter:

Check out our Global Market Model:


Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *