Press release
Smart Factory Market Size (US$ 286.6 Billion), Share, Trends, Analysis, Growth, and Report 2022-2027
Smart Factory Market
The global smart factory market reached a value of US$ 161.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 286.6 Billion by 2027, exhibiting a CAGR of 10.6% during 2022-2027.
A smart factory represents highly digitalized and networked facilities that operate on cyber-physical systems to move materials effectively. They comprise of several field devices and technologies, such as industrial sensors, robots, 3D printers, vision systems, product lifecycle management (PLM) technology, human-machine interface (HMI) solutions, enterprise resource planning (ERP) systems, etc. Smart factory models are integrated with computer codes and pre-programmed software that track the material flow and optimize production processes. They are hyperflexible, self-adapting, and equipped with self-enhancing and cognitive capabilities. Smart factory variants require minimal human interaction and are commonly used for manufacturing, planning, logistics, supply chain management, and product development. Consequently, they find extensive applications across numerous sectors, including chemical, oil and gas, pharmaceutical, automotive, aerospace, semiconductor, electronics, defense, food and beverage, etc.
๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ ๐๐จ๐ญ๐: ๐๐ ๐๐ซ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ ๐จ๐ ๐ฎ๐ฉ๐๐๐ญ๐ข๐ง๐ ๐จ๐ฎ๐ซ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ (๐๐๐๐-๐๐๐๐). ๐๐ ๐ฒ๐จ๐ฎ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐ซ๐๐๐๐ข๐ฏ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ญ๐ ๐๐จ๐ฏ๐๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ญ๐ข๐ฆ๐ ๐ฉ๐๐ซ๐ข๐จ๐ ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐, ๐๐ฅ๐จ๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐, ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐จ๐ฌ๐ญ ๐๐จ๐๐ฎ๐ฅ๐, ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ ๐ซ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ. ๐๐ก๐ ๐ญ๐๐๐ฆ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ ๐๐๐ฅ๐ ๐ญ๐จ ๐๐๐ฅ๐ข๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ฏ๐๐ซ๐ฌ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง ๐ ๐ช๐ฎ๐ข๐๐ค ๐ญ๐ฎ๐ซ๐ง๐๐ซ๐จ๐ฎ๐ง๐ ๐ญ๐ข๐ฆ๐.
Request Free Sample Report: https://www.imarcgroup.com/smart-factory-market/requestsample
Market Trends and Drivers:
The growing digitization across industries and the increasing requirement for industrial automation are primarily driving the smart factory market. In addition to this, the escalating adoption of manufacturing execution systems (MES) and advanced data models for process-specific functioning is acting as another significant growth-inducing factor. Moreover, the shifting preferences toward refurbished industrial robots and radio frequency identification (RFID) systems and the elevating integration of connected devices with artificial intelligence (AI) and cloud computing that help in performing mechanical and electronic assembly, product testing, and automated material handling are also positively influencing the global market. Besides this, the introduction of the Industrial Internet of Things (IIoT) and the rising usage of smart sensor technologies to manufacture intricate automotive and medical components are expected to stimulate the smart factory market in the coming years.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/smart-factory-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
โข ABB Ltd
โข Dassault Systรจmes
โข Emerson Electric Co.
โข General Electric Company
โข Honeywell International Inc.
โข Johnson Controls International
โข Microsoft Corporation
โข Mitsubishi Electric Corporation
โข Robert Bosch GmbH
โข Schneider Electric SE
โข Siemens AG
Key Market Segmentation:
Breakup by Field Devices:
โข Industrial Sensors
โข Industrial Robots
โข Industrial Network
โข Industrial 3D Printers
โข Machine Vision Systems
Breakup by Technology:
โข Product Lifecycle Management (PLM)
โข Human Machine Interface (HMI)
โข Enterprise Resource Planning (ERP)
โข Manufacturing Execution Systems (MES)
โข Distributed Control Systems (DCS)
โข Industrial Control System
โข Others
Breakup by End Use Industry:
โข Pharmaceuticals
โข Food and Beverages
โข Chemical
โข Oil and Gas
โข Automotive and Transportation
โข Semiconductor and Electronics
โข Aerospace and Defense
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข COVID-19 Impact on the Market
โข Porter's Five Forces Analysis
โข Historical, Current and Future Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Structure of the Market
โข Value Chain Analysis
โข Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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