openPR Logo
Press release

Strategic Forecast for the Smart Factory Industry: Market Outlook 2025-2034

06-25-2025 06:41 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Smart Factory Market Growth

Smart Factory Market Growth

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

Smart Factory Market Size Growth Forecast: What to Expect by 2025?
The market size for smart factories has seen robust growth in the latest years. It is projected to expand from $82.07 billion in 2024 to $89.56 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.1%. The historic period growth was partly due to the embrace of industry 4.0 and digital transformations, a rise in the utilization of data analytics and big data, the integration of automation, robotics, cyber-physical systems, cloud computing and edge computing.

How Will the Smart Factory Market Size Evolve and Grow by 2029?
The size of the smart factory market is anticipated to boost significantly in the upcoming years, with an estimation to reach $144.69 billion in 2029, displaying a compound annual growth rate (CAGR) of 12.7%. Factors contributing to its escalation in the prognosticated timeline encompass government patronage and regulatory policies, a heightened focus on sustainability, resilience, and visibility of supply chain, adaptable and extensible manufacturing strategies, and a prominent concentration on cybersecurity. Future trends to look forward to within this era comprise customization and personalization of production, remote surveillance and governing, sustainable production protocols, people-centered schematics in human-machine cooperation, intelligent sensors and effectors, and collective robotics or cobots.

View the full report here:
https://www.thebusinessresearchcompany.com/report/smart-factory-global-market-report

What Drivers Are Propelling the Growth of Smart Factory Market Forward?
The upsurge in the requirement for industrial robots is projected to spur the expansion of the smart factory market in the near future. Industrial robots are mechanized devices that are programmed to autonomously execute tasks related to production in industrial settings. The primary focus of a smart factory lies in optimizing and automating its resources through the use of tools such as information and smart sensor technologies, robotics, the internet of things, and artificial intelligence. For example, in September 2024, the International Federation of Robotics, a non-profit organization based in Germany, reported a rise in industrial robot installations, with the global tally of operational robots hitting a new record of 3.9 million in 2022. Hence, the increasing requirement for industrial robots is steering the growth of the smart factory market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6868&type=smp

Which Emerging Trends Are Transforming the Smart Factory Market in 2025?
Advancements in technology are becoming a predominant trend in the smart factory arena. Major corporations within this sector capitalize on innovative technologies to refine their production procedures and yield greater efficacy. For instance, Hexagon AB, a nascent industrial technology firm based in Sweden, made strides in the field in July 2024 with the introduction of its Digital Factory solution. This tool empowers manufacturers to construct accurate digital doubles of their factories to augment production and efficiency. By cutting back on costs and errors during factory planning and construction, this solution offers the possibility of saving manufacturers millions on an annual basis. Hexagon uses its excellence in precise reality capture, 3D simulation software, as well as cloud-native collaboration tools to respond to the specific predicaments of the manufacturing industry. Despite digitalization being well established in realms like civil infrastructure and public safety, its possibilities in the manufacturing industry are somewhat nascent, especially for owners of brownfield sites.

What Are the Key Segments in the Smart Factory Market?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6868&type=smp

Who Are the Key Players Shaping the Smart Factory Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in the Smart Factory Market?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6868

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Strategic Forecast for the Smart Factory Industry: Market Outlook 2025-2034 here

News-ID: 4080631 • Views:

More Releases from The Business Research Company

Transformative Trends Impacting the Brachytherapy Market Landscape: Advancements In Brachytherapy Solutions For Cancer Care Facilities
Transformative Trends Impacting the Brachytherapy Market Landscape: Advancements …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Brachytherapy Market Size By 2025? In recent years, there has been a significant expansion in the size of the brachytherapy market. The market is projected to expand from $0.93 billion in 2024 to $1.01 billion in 2025, representing a compound annual growth rate (CAGR) of
Impact Of Rising Alcoholic Beverage Consumption On The Bourbon Spirits Market Driving Market Acceleration in the Bourbon Spirits Industry, 2025
Impact Of Rising Alcoholic Beverage Consumption On The Bourbon Spirits Market Dr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Bourbon Spirits Market Size By 2025? In recent times, there has been robust growth in the size of the bourbon spirits market. This market is set to expand from a value of $8.29 billion in 2024 to $8.85 billion in 2025, indicating a compound annual
Key Factor Supporting Boat Trailer Market Development in 2025: Growth Of Marine Tourism Drives Demand For The Boat Trailers Market
Key Factor Supporting Boat Trailer Market Development in 2025: Growth Of Marine …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Boat Trailer Market Size By 2025? The market size of boat trailers has experienced substantial growth in the past few years. The market that stood at $0.92 billion in 2024, is estimated to rise to $0.98 billion in 2025, with a compound annual growth rate
Blue Cheese Industry Outlook 2025-2029: Market Set to Cross $2.03 Billion Milestone
Blue Cheese Industry Outlook 2025-2029: Market Set to Cross $2.03 Billion Milest …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Blue Cheese Market Size By 2025? In recent times, there has been a significant increase in the size of the blue cheese market. Predictions indicate that it will expand from $1.52 billion in 2024 to $1.61 billion in 2025, maintaining a compound annual growth rate

All 5 Releases


More Releases for Factory

Prominent Smart Factory Market Trend for 2025: Advanced Technologies Reshape The …
Which drivers are expected to have the greatest impact on the over the smart factory market's growth? 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
Factory Automation Sensor Market Report 2024 - Factory Automation Sensor Market …
"The Business Research Company recently released a comprehensive report on the Global Factory Automation Sensor Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The factory automation sensor
Smart Factory Services – Successful conversion to a smart factory
Weinstadt, May 06, 2024 - The system manufacturer KELCH GmbH has developed a modular overall concept to support individual companies in setting up and expanding their smart factory. Our so-called Smart Factory Services are tailored to the needs of machining companies and consist of modules that can be flexibly combined. This offers manufacturing companies the option of only obtaining the solutions that they actually need – whether to improve processes
Factory Automation Market Future Assessment 2021-2027 : ABB Ltd., Mitsubishi Ele …
Allied Market Research published an exclusive report, titled, “Factory Automation Market by Control and Safety System (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS), Programmable Logic Controllers (PLC), and Human Machine Interface (HMI)), Component (Sensor, Controllers, Switches & Relays, Industrial Robots, Drives, and Others), and Industry Vertical (Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, and Others)
Dark Tea Revolutionary Trends (2020-2026) by Industry Statistics| Liming Tea Fac …
"The new report has been added by qyresearch.com to provide detailed insight into the global Dark Tea market. The study will help to get a better understanding about the Dark Tea industry competitors, a channel for the distribution, Dark Tea growth potential, potentially disruptive trends, Dark Tea industry product innovations, market size value/volume (regional/country level, Dark Tea industry segments), market share of top players/products. Due to the pandemic, we have included
Fermented Tea Market to witness remarkable growth By 2026| Menghai Tea Factory, …
"The new report has been added by qyresearch.com to provide detailed insight into the global Fermented Tea market. The study will help to get a better understanding about the Fermented Tea industry competitors, a channel for the distribution, Fermented Tea growth potential, potentially disruptive trends, Fermented Tea industry product innovations, market size value/volume (regional/country level, Fermented Tea industry segments), market share of top players/products. Due to the pandemic, we have included