Smart Factory Market Projected to Reach $378 Billion at 11.7% CAGR Till 2026 | Top Key Vendors – Siemens AG, ABB, Honeywell, Atos SE, Oracle, Cisco
Global Smart Factory Market research report 2019 – 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
Overview of the Global Smart Factory Market:
The Global Smart Factory Market is accounted for $140 Billion in 2017 and is expected to reach $378 Billion by 2026 growing at a CAGR of 11.7% during the forecast period.
As per the market report, rising demand for Industrial Robots, rising Emphasis on Real-Time Data Analysis, Enhanced Visibility & Predictive Maintenance and the advancement of the Internet of Things (IoT) are some of the factors impelling the market growth. However, the risk associated with security of cyber-physical system and requirement of a significant amount of capital investments is curbing the market.
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The smart factory is a paradigm shift from traditional automation to a fully allied and flexible system that enables organizations to digitally plan and project the entire lifecycle of products and production facilities. A smart factory can integrate data from system-wide physical, operational and human assets to drive manufacturing, maintenance, and inventory tracking.
Based on the Product, Industrial Robots segment holds the major growth during the forecast period due to implementing industrial robotics in smart manufacturing processes can improve productivity, reduce human errors and enhance production volume.
On the basis of regional analysis, North America holds the largest market share during the forecast period due to advancements in next-generation technologies in the U.S. & Canada, rising R&D in the field of Internet of Things (IoT) for new & enhanced technologies and growing demand for a better lifestyle.
This comprehensive Smart Factory Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 Siemens AG
3 Schneider Electric
4 Honeywell International Inc
5 Atos SE
6 Cognex Corporation
7 Emerson Electric Company
8 Oracle Corporation
9 Cisco Systems and More………………
Market Segment by Products:
1 Industrial 3D Printing
3 Machine Vision
4 Industrial Robots
5 Communication Technologies
6 Control Devices
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Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Smart Factory Market, By Product
6 Global Smart Factory Market, By Technology
7 Global Smart Factory Market, By End User
8 Global Smart Factory Market, By Geography
9 Key Developments
10 Company Profiling
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