Press release
Smart Factory Market Growing Demand, Competition, Investment Opportunities & Forecast
Smart Factory Market
Global Smart Factory Market is expected to rise from its initial estimated value of USD 142.56 billion in 2018 to an estimated value of USD 260.17 billion by 2026, registering a CAGR of 7.81% in the forecast period of 2019-2026. Increasing adoption of robots in manufacturing industries is driving the growth of this market.
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Few of the major competitors currently working in smart factory market are Siemens, GENERAL ELECTRIC, ABB, Rockwell Automation, Inc., Schneider Electric, Honeywell International Inc., FANUC CORPORATION, Mitsubishi Electric Corporation, Emerson Electric Co., Yokogawa India Ltd., Bosch Limited, Stratasys Ltd., TE Connectivity Ltd, Texas Instruments Incorporated., KUKA AG, SAP ERP, HP Development Company, L.P., OMRON Corporation, Dassault Systèmes.
Global Smart Factory Market By Component (Sensors, Industrial Robots, Industrial 3D Printing, Machine Vision), Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI, RAM), End- User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electrical & Electronics, Automotive & Transportation, Chemical, Pharmaceuticals, Mining & Metals, Food & Beverages, Electric Power Generation), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Major factors covered in the report: Global Smart Factory Market
Smart Factory Market summary
Economic Impact on the Industry
Market Competition in terms of Manufacturers
Production, Revenue (Value) by geographical segmentation
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Cost Investigation
Industrial Chain, Raw material sourcing strategy and Downstream Buyers
Marketing Strategy comprehension, Distributors and Traders
Study on Market Research Factors
Smart Factory Market Forecast
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Global smart factory market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart factory market for global, Europe, North America, Asia-Pacific and South America.
Global Smart Factory Market Drivers, Restraint and Key Developments:
Increasing demand for the industrial robots is driving the growth of this market
Increasing awareness for the security of cyber- physical system is another major factor restraining the market growth and development
In June 2018, PTC Inc. and Rockwell Automation, Inc announced that they have signed a definitive agreement so that they can enhance their business and meet the needs and requirement of the people. The main aim is to combine the PTC’s award-winning ThingWorx IoT, Kepware industrial connectivity, and Vuforia augmented reality (AR) platforms which will help them to increase productivity & heightened plant efficiency and will improve the system performance.
Key Pointers Covered in Smart Factory Market Industry Trends and Forecast
Market Size
Market Standards and Changes
Market Trials in Different Regions
Market Requirements in Different Regions
Market Shares in Different Regions
Recent Developments for Market Competitors
Recent Market Value for Different regions
Sales Data for Market Competitors
Market Key Vendors and Disruptors Study
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The Smart Factory Market research covers a comprehensive analysis of the following facts:
Historical and future projections of the Smart Factory Market
Categorization of the Smart Factory Market to highlight the growth opportunities and trends influencing these segments
Varying consumption pattern of customers in various regions
Geographic analysis in terms of growth outlook, Smart Factory Market share, and major countries
Product launches, partnerships, mergers and acquisitions, and research and development projects of different Smart Factory Market players
The Smart Factory Market research is answerable to the following key questions:
Which region is outshining in terms of value by the end of 2026?
Who are the consumers utilizing Smart Factory Market for different reasons?
Which players are adopting collaboration strategy in the Smart Factory Market?
What is the CAGR of Smart Factory Market throughout the historic period 2020-2026?
Which segment registers the Smart Factory Market largest share, in terms of value?
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