Press release
Smart Factory Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2028|Key Players are Intel Corporation, General Dynamics Corporation, CMC Associates and more
Smart Factory Market 2021-2028
New Study Reports " Smart Factory Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2028" has been Added on PersistenceMarketResearch.
Report Details:
Smart factories are affordable and offer fully integrated automation solutions for manufacturing facilities to streamline the flow of materials during the manufacturing process. Smart factories are characterized by increasing the use of technology and field devices to offer complete automation in manufacturing process.
By incorporating cyber physical system into the forefront of manufacturing flow, smart factories are able to connect every process and component across the value chain. This interconnection of information and production has revolutionized the automation industry and thereby, facilitated manufacturing units to perform at an optimum level. Moreover, manufacturing companies are able to achieve shortest time to market and zero waste production through smart factories.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – Intel Corporation, General Dynamics Corporation, CMC Associates, Freescale Semiconductor Inc., Honeywell International Inc., Johnson Controls Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Siemens AG, Schneider Electric SA, General Electric Co., Apriso Corporation, Emerson Electric Co., Invensys Plc., Teledyne Technologies Inc., ABB Ltd., Fraunhofer-Gesellschaft, and National Instruments Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Factory.
Automation in smart factories makes the use of various control devices such as sensors, motors, drives, switches and relays and networks technologies such as wired, wireless and radio frequency identification (RFID). Integrated systems such as Manufacturing Execution System (MES), Information Technology (IT) system, Programmable Logic Control (PLC), Enterprise Resource Planning (ERP) and Supervisory Control and Data Acquisition (SCADA) are designed to meet the specific requirements of a manufacturing unit.
These industrial control systems manage the process and streamline the flow of materials across the manufacturing line. Smart factories also make use of industrial robots such as articulated robots, SCARA (Selective Compliance Assembly Robot Arm or Selective Compliance Articulated Robot Arm) robots, Cartesian robots, cylindrical and other robots for various manufacturing processes such as painting, welding, conveyance, heavy lifting etc.
One of the major factors driving the growth of smart factory market is the increasing need for improving efficiency and energy saving in the manufacturing process. Automation has enabled manufacturing units to utilize every second of production time through efficient streamlining of the manufacturing process.
Technological advancements such as machine to machine communication enable smart factories to eliminate wastage of time caused due to the delay in the process change. Moreover, with rise of Internet of Things (IoT) and services, integration of manufacturing and engineering processes has experienced a tremendous leap forward. However, the growth of smart factory market faces a few restraints due to lack of standardization and interoperability issues.
These factors raise concerns in designing integrated solutions using components provided by several automation solution providers. The shortage of trained workers and increasing skill gap further restrains the growth of smart factory market. Other crucial factors such as cyber security threats and associated costs limit the growth of this smart factory market in industries such nuclear, weapons and armaments.
With its immense applications in industries such as automotive and transportation, packaging, mining of minerals and metals, chemicals, pharmaceuticals and process industries such as oil and gas, the smart factory market is expected to experience immense growth in coming years. Thereby, companies have invested heavily to explore untapped opportunities in the applications of industrial robots and control devices.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Smart Factory Market Manufacturers
Smart Factory Market Distributors/Traders/Wholesalers
Smart Factory Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Major Highlights of the Smart Factory Market Report:
The Smart Factory Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Smart Factory Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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