openPR Logo
Press release

Smart Factory Market Steep Prices of 2025

05-09-2018 06:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Global Smart Factory Market: Overview

The global smart factory sector has been propelled by the need for efficient and precise ways of operating a manufacturing unit. The increasing adoption of industrial robots in the global manufacturing sector was the first step for the smart factory market. Modern factories incorporate sophisticated industrial robotic systems, Internet of Things technology, and machine communication technology to enable smooth automated manufacturing. The rising government support to the smart factory sector, due to their increased output and the benefit of the same on the nation’s economy, is likely to enable sustained growth of the smart factory market in the coming years.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2444

Global Smart Factory Market: Key Trends

The rising demand for industrial robots and the steady technological progression of the industrial robotics sector is one of the key drivers for the global smart factory market. Industrial robots offer significantly higher precision and a lower error rate than human workers. Large-scale use of industrial robots also raises the productivity of the manufacturing unit, providing a significant cost advantage. As a result, human factory workers across the world could find themselves without a livelihood following steady growth of the global smart factory market.

The booming automotive industry is one of the prime consumers in the global smart factory market and is likely to remain influential in the smart factory sector in the coming years. Due to the rising need for extremely precise engineering in automotive design, smart factory solutions such as industrial robotics are becoming popular in the automotive industry. The steady growth of the automotive industry due to the rising disposable income of consumers across the world is thus one of the key drivers for the global smart factory market in the coming years. The rising automotive industry in Southeastern and Eastern Asia could play a particularly important role in the global smart factory market in the coming years.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2444

Global Smart Factory Market: Market Potential

South Korea is likely to be a leading regional market for smart factory technology in Asia Pacific due to rising government as well as corporate interest. The South Korean government had earlier set the target of having 10,000 smart factories operational in the country by 2020. In April 2017, the government extended its support to the smart factory market in the country by upping the target to 30,000 smart factories by 2025. South Korea’s determination to remain a leading light in the industrial sector has made it a pioneer in terms of the adoption of digital and automation technologies, which is likely to benefit the smart factory market immensely in the coming years.

Global Smart Factory Market: Geographical Dynamics

Developing countries in Asia Pacific are likely to be the dominant leaders in the global smart factory market in the coming years. Apart from South Korea, the smart factory market has also received steady government support in China, Japan, Taiwan, and India. The rapid pace of urbanization in these dynamic economies is a prime factor aiding the smart factory market’s growth in the region.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/smart-factory-market

Global Smart Factory Market: Competitive Dynamics

The global smart factory market is dominated by companies that have established mutually beneficial partnerships with technology companies. Fanuc-Cisco and Kuka-Huawei are among the leading lights in the global smart factory market. ABB-IBM, a relatively recent collaboration, could also play a key role in the development of the global smart factory market in the coming years. Other key players in the global smart factory market include Emerson Electric Co., General Electric Co., Atos SE, Schneider Electric SE, Mitsubishi Electric Corporation, Robert Bosch GmbH, Siemens AG, and Yaskawa Electric.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Factory Market Steep Prices of 2025 here

News-ID: 1043675 • Views:

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - 2031
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2021 to 2031.
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Growing Regions like North America, Europe and Asia Pacific.
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as