Press release
Prominent Smart Factory Market Trend for 2025: Advanced Technologies Reshape The Smart Factory Landscape
Smart Factory Market
The escalation in need for industrial robots is anticipated to spur the expansion of the smart factory market. Industrial robots are mechanical devices programmed to autonomously carry out production-related tasks in industrial settings. A smart factory emphasizes on resource optimization and industrial automation, employing instruments like information and smart sensor technologies, robotics, the Internet of Things, or artificial intelligence. For example, as per the International Federation of Robotics, a non-profit organization based in Germany, there was a significant increase of industrial robot installations in September 2024. Moreover, the global count of functioning robots hit a new record of 3.9 million in 2022. As a result, this increasing requisition for industrial robots is propelling the growth of the smart factory market.
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What is the future CAGR of the smart factory market, and how will it impact industry expansion?
The intelligent manufacturing market has seen robust expansion in recent times. The market, which stood at $82.07 billion in 2024, is predicted to rise to $89.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.1%. The significant growth during the historical period can be traced back to the acceptance of Industry 4.0 and digital reform, mounting incorporation of data analytics and big data, automation and robotics, cyber-physical systems, along with cloud and edge computing.
In the coming years, the smart factory market is set to witness robust expansion. The market will escalate to a whopping $144.69 billion by 2029, experiencing a compound annual growth rate (CAGR) of 12.7%. This projected growth over the forecast period is largely due to the backing of government and regulatory bodies, an amplified focus on sustainability, resilience and visibility in supply chains, in addition to adaptable and scalable manufacturing strategies, and a heightened awareness of cybersecurity. Notable trends expected through the forecast period encompass customized and personalized production methods, remote supervision and administration, sustainable approaches to manufacturing, human-centric blueprints in human-machine collaboration, advanced sensors and activators, and collaborative robotics also known as cobots.
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What are the most significant trends transforming the smart factory market today?
Trend 1 has seen a notable rise in the use of technology innovations within the smart factory industry. Significant firms in the market are employing cutting-edge technologies to refine their production processes and heighten productivity levels. For example, in July 2024, Hexagon AB, an industrial technology firm based in Sweden, introduced its Digital Factory solution. This innovative solution allows manufacturers to construct exact digital duplications of their factories, thereby improving production and efficiency. The solution holds the potential to save manufacturers millions yearly by cutting down costs and avoiding factory planning and building errors. By utilizing its knowledge in accurate reality capture, 3D simulation software, and cloud-based cooperation tools, Hexagon addresses the unique hurdles faced by the manufacturing sector. Even though digitalisation has been widely used in sectors such as civil infrastructure and public safety, its application in manufacturing is still largely unexplored, especially for owners of brownfield sites.
Which key market segments comprise the smart factory market and drive its revenue growth?
The smart factory market covered in this report is segmented -
1) By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products
2) By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services
3) By Industry Vertical: Automotive, Aerospace And Defense, Electrical And Electronics, Food And Beverages, Energy And Utilities, Healthcare And Pharmaceuticals, Other Industry Verticals
Subsegments:
1) By Machine Vision Systems: 2D Machine Vision, 3D Machine Vision, Vision Sensors, Frame Grabbers, Vision Software
2) By Industrial Robotics: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Gantry Robots
3) By Control Devices: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA) Systems, Human-Machine Interface (HMI) Devices
4) By Sensor Communication Technologies: Wired Communication, Wireless Communication, Industrial Internet Of Things (IIoT) Protocols
5) By Other Products: Advanced Analytics Software, Artificial Intelligence Solutions, Cloud Computing Services
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What regions are at the forefront of smart factory market expansion?
Asia-Pacific was the largest region in the smart factory market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the smart factory market?
Major companies operating in the smart factory market include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Cisco Systems Inc., Dassault Systèmes SE, Endress+Hauser AG, Kollmorgen Corp., Kuka AG, Omron Corporation, Oracle Corporation, Microsoft Corporation, PTC Inc., SAP SE, Hitachi Ltd., Amazon. com Inc., Fanuc Corporation, Cognex Corporation, FLIR Systems Inc., CoreTigo Ltd., Airbus Group Inc., Cellares Corp.
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What Is Covered In The Smart Factory Global Market Report?
•Market Size Forecast: Examine the smart factory market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart factory market for a structured understanding.
•Key Players Overview: Analyze major players in the smart factory market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart factory market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart factory market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart factory market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart factory market.
•Competitive Landscape: Review strategic developments in the smart factory market, including expansions, agreements, and new product launches.
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