The global smart factory market is estimated to grow at a significant CAGR of XX% during the forecast period. The market for the smart factory is growing due to the increasing adoption of machine learning and deep learning technologies by the manufacturing sector for smart manufacturing and supply process. The manufacturing industry has been home to substantial activities in the past few years aiming for new advancements based on smart technologies. This includes standardized schemes and establishment of ecosystems that tie together the IT and manufacturing industries, with the introduction of IIC (Industrial Internet Consortium) in the US, led by General Electric Company, as well as the introduction of government-led Industry 4.0 initiative in Germany. Various companies are adopting autonomous decentralized systems.
Get Free Sample link @ https://www.omrglobal.com/request-sample/smart-factory-market
The global smart factory market is classified on the basis of components and industry. Based on component the market is segregated into hardware and software. The smart factory hardware includes sensors, industrial robots, machine vision, and others. As per IFR, the estimated annual supply of industrial robots in the automotive industry has increased from 103,000 units in 2016 to 116,000 in 2018. Electrical and electronic held the second-largest position in industrial robots with 113,000 units’ installation in 2018. The rising demand for industrial robots and industry 4.0 further contributes to the growth of the hardware segment. On the basis of industry, the global smart factory market is segregated into automotive, aerospace & defense, electrical & electronics, energy & power, chemical industry, and others.
full report of Smart Factory Market available @ https://www.omrglobal.com/industry-reports/smart-factory-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-factory-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
