Smart Factory Market Size (US$ 286.6 Billion), Share, Trends, Analysis, Growth, and Report 2022-2027

According to the latest report by IMARC Group, titled "Smart Factory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global smart factory market. The report also includes competitor and regional analysis, and contemporary advancements in the 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.

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐍𝐨𝐭𝐞: 𝐖𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐨𝐟 𝐮𝐩𝐝𝐚𝐭𝐢𝐧𝐠 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 (𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖). 𝐈𝐟 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐝𝐚𝐭𝐚 𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐩𝐞𝐫𝐢𝐨𝐝 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟐𝟖, 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐂𝐨𝐬𝐭 𝐌𝐨𝐝𝐮𝐥𝐞, 𝐚𝐧𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐅𝐫𝐞𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭. 𝐓𝐡𝐞 𝐭𝐞𝐚𝐦 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐚𝐛𝐥𝐞 𝐭𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐚 𝐪𝐮𝐢𝐜𝐤 𝐭𝐮𝐫𝐧𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐢𝐦𝐞.

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:

• ABB Ltd
• Dassault Systèmes
• Emerson Electric Co.
• General Electric Company
• Honeywell International Inc.
• Johnson Controls International
• Microsoft Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Schneider Electric SE
• Siemens AG

Key Market Segmentation:

Breakup by Field Devices:

• Industrial Sensors
• Industrial Robots
• Industrial Network
• Industrial 3D Printers
• Machine Vision Systems

Breakup by Technology:

• Product Lifecycle Management (PLM)
• Human Machine Interface (HMI)
• Enterprise Resource Planning (ERP)
• Manufacturing Execution Systems (MES)
• Distributed Control Systems (DCS)
• Industrial Control System
• Others

Breakup by End Use Industry:

• Pharmaceuticals
• Food and Beverages
• Chemical
• Oil and Gas
• Automotive and Transportation
• Semiconductor and Electronics
• Aerospace and Defense
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• 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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