Press release
Smart Factory Market to Record Ascending Growth by 2021
Request Report for TOC @ https://www.persistencemarketresearch.com/toc/4698
Moreover, manufacturing companies are able to achieve shortest time to market and zero waste production through smart factories. Automation in smart factories makes the use of various control devices such as sensors, motors, drives, switches and relays and networks technologies such as wired, wireless and radio frequency identification (RFID). Integrated systems such as Manufacturing Execution System (MES), Information Technology (IT) system, Programmable Logic Control (PLC), Enterprise Resource Planning (ERP) and Supervisory Control and Data Acquisition (SCADA) are designed to meet the specific requirements of a manufacturing unit. These industrial control systems manage the process and streamline the flow of materials across the manufacturing line.
Smart factories also make use of industrial robots such as articulated robots, SCARA (Selective Compliance Assembly Robot Arm or Selective Compliance Articulated Robot Arm) robots, Cartesian robots, cylindrical and other robots for various manufacturing processes such as painting, welding, conveyance, heavy lifting etc.
One of the major factors driving the growth of smart factory market is the increasing need for improving efficiency and energy saving in the manufacturing process. Automation has enabled manufacturing units to utilize every second of production time through efficient streamlining of the manufacturing process. Technological advancements such as machine to machine communication enable smart factories to eliminate wastage of time caused due to the delay in the process change. Moreover, with rise of Internet of Things (IoT) and services, integration of manufacturing and engineering processes has experienced a tremendous leap forward.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/4698
However, the growth of smart factory market faces a few restraints due to lack of standardization and interoperability issues. These factors raise concerns in designing integrated solutions using components provided by several automation solution providers. The shortage of trained workers and increasing skill gap further restrains the growth of smart factory market. Other crucial factors such as cyber security threats and associated costs limit the growth of this smart factory market in industries such nuclear, weapons and armaments.
With its immense applications in industries such as automotive and transportation, packaging, mining of minerals and metals, chemicals, pharmaceuticals and process industries such as oil and gas, the smart factory market is expected to experience immense growth in coming years. Thereby, companies have invested heavily to explore untapped opportunities in the applications of industrial robots and control devices.
Pre Book Full Report @ https://www.persistencemarketresearch.com/checkout/4698
Some of the major players in smart factory market include Intel Corporation, General Dynamics Corporation, CMC Associates, Freescale Semiconductor Inc., Honeywell International Inc., Johnson Controls Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Siemens AG, Schneider Electric SA, General Electric Co., Apriso Corporation, Emerson Electric Co., Invensys Plc., Teledyne Technologies Inc., ABB Ltd., Fraunhofer-Gesellschaft, and National Instruments Corporation.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Smart Factory Market to Record Ascending Growth by 2021 here
News-ID: 888964 • Views: …
More Releases from Persistence Market Research
Power Quality Equipment Market Size to Reach US$54.2 Billion by 2032, Driven by …
Market Overview
The global power quality equipment market is witnessing significant growth as industries, utilities, and commercial sectors increasingly emphasize uninterrupted and reliable electricity supply. According to Persistence Market Research's projections, the market size is expected to be valued at US$35.8 billion in 2025 and is projected to reach US$54.2 billion by 2032, expanding at a CAGR of 6.1% during the forecast period. This growth is fueled by rapid industrialization, rising…
Anaerobic Adhesives Market Size to Reach US$894.5 Million by 2031, Driven by Exp …
Market Overview
The global anaerobic adhesives market is experiencing steady growth as industries increasingly adopt advanced bonding solutions that enhance durability, reliability, and performance. According to Persistence Market Research's projections, the market is estimated to rise from US$613.9 million in 2024 to US$894.5 million by 2031, expanding at a CAGR of 5.5% during the forecast period. This growth is fueled by the rising demand from sectors such as automotive, aerospace, electronics,…
Textile Coatings Market Size to Reach US$6.8 Billion by 2031, Fueled by Demand f …
Market Overview
The global textile coatings market is witnessing steady growth, driven by the rising demand for functional, durable, and performance-enhancing fabrics across industries such as automotive, construction, healthcare, and fashion. According to Persistence Market Research's projections, the market is estimated to increase from US$4.8 billion in 2024 to US$6.8 billion by 2031, expanding at a CAGR of 5.0% during the forecast period. This growth is underpinned by the increasing adoption…
Architectural LED Products Market to Reach $23.6 Bn by 2032 Driven by Energy-Eff …
The global architectural LED products market is poised for substantial expansion over the next decade. Valued at approximately USD 12.5 billion in 2025, the market is projected to reach USD 23.6 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 9.4% during the forecast period from 2025 to 2032. This growth trajectory underscores the increasing adoption of LED technologies across residential, commercial, and industrial sectors, driven by…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
