Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.
Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.
Smart Factory market size was US$ 51510 million and it is expected to reach US$ 106430 million by the end of 2027, with a CAGR of 10% during 2021-2027.
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The major companies include:
- Yokogawa Electric Corp.
- General Electric Company
- Emerson Electric Company
- Schnieder Electric
- Atos SE
- Rockwell Automation Inc.
- Robert Bosch GmbH
Segment by Type, the Smart Factory market is segmented into
- Process Manufacturing
- Discrete Manufacturing
- Others
Segment by Application, the Smart Factory market is segmented into
- Automobile and Transportation
- Food and Beverage
- Electrical and Electronics
- Chemical and Material
- Oil and Gas
- Others
A full report of Global Smart Factory Market is available at: https://www.orionmarketreports.com/smart-factory-market/24899/
Scope of the Report
The research study analyzes the global Smart Factory industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Factory Market Report
1. What was the Smart Factory Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Smart Factory Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart Factory Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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