Smart Factory Market worth $169.73 Billion by 2030, at a CAGR of 10.2%

The global Smart Factory Market Size was estimated at USD 96.47 billion in 2024 and is predicted to increase from USD 104.42 billion in 2025 to approximately USD 169.73 billion by 2030, expanding at a CAGR of 10.2%. from 2025 to 2030.
The report "Smart Factory Market [https://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket] by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printing, Machine Vision Systems), Solution (SCADA, Manufacturing Execution Systems (MES), Plant Asset Management (PAM), Industrial Safety) - Global Forecast to 2030" The global smart factory market is projected to reach USD 104.42 billion in 2025 and USD 169.73 billion by 2030, registering a CAGR of 10.2%. Technological advancements such as industrial IoT, AI, and edge computing are key drivers of the smart factory market. As real-time monitoring, predictive maintenance, and production optimization become business priorities, the demand for connected, automated, and data-driven manufacturing systems is growing. Industries are increasingly adopting smart factory solutions to improve efficiency, reduce downtime, and enhance product quality. Additionally, rising focus on sustainability, cybersecurity, and regulatory compliance supports the global shift toward smart factories across the automotive, electronics, pharmaceuticals, and other manufacturing sectors.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1227 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1227&utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket]

Browse 337 market data Tables and 96 Figures spread through 379 Pages and in-depth TOC on "Smart Factory Market"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html [https://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket]

Image: https://www.marketsandmarkets.com/Images/smart-factory-market2.webp [https://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket]

By Component, the industrial robots segment is projected to register significant CAGR during forecast period.

The industrial robots segment is expected to witness a significant growth rate in the Smart Factory Industry [https://www.marketsandmarkets.com/PressReleases/smart-factory.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket] during the forecast period. This growth is mainly driven by the rising need for automation, precision, and speed in manufacturing operations across automotive, electronics, and food & beverages industries. Industrial robots help companies handle repetitive tasks, reduce human errors, improve productivity, and lower labor costs. These robots are widely adopted for welding, material handling, packaging, and assembly on factory floors. Advancements in robotics technology, such as integrating sensors, AI, and machine learning, enhance robot performance and flexibility, allowing them to work alongside human workers safely and efficiently. Collaborative robots (cobots) are gaining popularity among small and medium-sized enterprises for their ease of use and quick return on investment. In addition, the increasing push toward Industry 4.0 and smart manufacturing initiatives encourages businesses to invest in robotic automation to stay competitive and meet growing customer demands. As manufacturers focus on digital transformation and scalable automation solutions, the demand for industrial robots is expected to rise rapidly. This trend positions the industrial robots segment as a key growth area in the global smart factory market.

By Industry, the oil & gas segment accounted for significant share of smart factory market in 2024.

The oil & gas industry held a significant share of the smart factory market in 2024, driven by the growing need for operational efficiency, safety, and cost control across exploration, production, and refining operations. Companies in this sector increasingly adopt smart factory technologies to improve real-time monitoring, predictive maintenance, and remote asset management in both onshore and offshore environments. Digital solutions such as industrial IoT, AI-driven analytics, robotics, and cloud-based platforms help oil & gas firms reduce downtime, enhance decision-making, and optimize production output. Smart sensors and automation tools monitor pipeline integrity, equipment health, and environmental conditions to avoid accidents and ensure compliance with regulations. Additionally, the volatile nature of global oil prices and the rising demand for energy security are prompting oil & gas players to modernize their infrastructure. Smart factory technologies support safer and more reliable operations, especially in harsh and hazardous environments. With increasing focus on digital transformation and energy efficiency, the oil & gas segment is expected to continue playing a key role in the growth of the global smart factory market over the forecast period.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1227 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1227&utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket]

Asia Pacific to exhibit significant CAGR in smart factory market during forecast period.

Asia Pacific is expected to register a significant CAGR in the smart factory market during the forecast period, driven by rapid industrialization, strong government support, and rising demand for automation across various sectors. Countries such as China, Japan, South Korea, and India actively invest in digital manufacturing technologies to enhance productivity, reduce costs, and improve operational efficiency. China's "Made in China 2025" and India's "Make in India" and PLI schemes are promoting large-scale adoption of industrial IoT, AI, robotics, and cloud-based automation systems. Additionally, Japan and South Korea are advancing in AI-enabled robotics and smart production to remain competitive in high-tech exports. The growing need for real-time data, quality control, energy management, and predictive maintenance is accelerating the shift toward smart manufacturing practices in automotive, electronics, pharmaceuticals, and oil & gas industries. The region's large industrial base, rising labor costs, and increasing focus on flexible and connected production lines further support market growth. With strong policy backing and rising digital adoption, Asia Pacific is expected to remain a high-growth region in the global smart factory market during the forecast period.

Key Players

Key Players operating in the Smart Factory Companies [https://www.marketsandmarkets.com/ResearchInsight/smart-factory-market.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket] include ABB (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Rockwell Automation (US), and Schneider Electric (France).

See More Latest Semiconductor and Electronics Reports:

Connected Worker Market [https://www.marketsandmarkets.com/Market-Reports/connected-worker-market-124413532.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket] by Wearable, Handheld, Industrial IoT Sensor & Edge Device, Communication & Connectivity, and Robotics & Automation Device, Technology (AR & VR, AI & ML, IIoT, Edge Computing), Application and Vertical - Global forecast to 2030

Chemical Concentration Monitor Market [https://www.marketsandmarkets.com/Market-Reports/chemical-concentration-monitor-market-137594371.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket] by Medium (Liquid, Gas), Fiber-optic Concentration Monitor, Amperometric lon Sensor, Optical Technology, Semiconductor and Electronics Manufacturing. Water & Wastewater Treatment - Global Forecast to 2030

Proximity Sensor Market [https://www.marketsandmarkets.com/Market-Reports/proximity-sensor-market-36281914.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=smartfactorymarket] by Technology (Inductive, Capacitive, Magnetic, Photoelectric/Optical, Ultrasonic), Product Type (Fixed & Adjustable distance), Range (40 MM), Output and Region - Global Forecast to 2030

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=smart-factory-market-worth-16973-billion-by-2030-at-a-cagr-of-102]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Delray Beach
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.