The global smart factory market is estimated to grow at a significant CAGR of XX% during the forecast period. Smart Factory Market research report allows making important decision making essential for business growth. It helps key participants further in applying right business ideas to grow business and choose the right business doing strategy. Having complete understanding of what purchasers are looking for in the market and which factors can influence their purchasing decision greatly helps to make investment in the right product development and launch it accordingly. It is also crucial for major participants to understand the behavior of target customers to bring novel products into the market. This Smart Factory Market report serves as a blueprint to get thorough study of market competition, target audience and entire market.
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North America is projected to have a significant market share in the global market owing to R&D, and high expenditure by the government as well as a private organization for smart technology such as AI. The US and Canada are the major economies of North America. The region has well-developed information communication technology (ICT) and employs the adoption of a large number of connected devices. In February 2019, the President signed an Executive order 13859, Maintaining American Leadership in AI. The signing of the order was aimed to launch the American AI initiative in order to promote and protect AI technology in the US. The initiatives implement a whole-of-government strategy in collaboration and engagement with the private sector, academia, and major private manufacturers.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart factory Market by Component
- Hardware
- Sensors
- Industrial Robots
- Machine Vision
- Software
Global Smart factory Market by Industry
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Energy & Power
- Chemical Industry
- Others(Healthcare)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- Dassault Systèmes SE
- Emerson Electric Co.
- FANUC
- General Electric Co.
- Honeywell International Inc.
- Hewlett Packard Enterprise Development LP
- KUKA AG
- Mitsubishi Electric Corp.
- Omron Corp.
- Qualcomm Inc.
- Rockwell Automation, Inc.
- Robert Bosch GmbH
- SAP SE
- Siemens AG
- Schneider Electric SE
- Stratasys Ltd.
- TE Connectivity Ltd.
- Texas Instruments Inc.
- Yokogawa Electric Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart factory market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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