New York, Sept. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Smart Factory Global Market Report 2022” – https://www.reportlinker.com/p06318584/?utm_source=GNW

The global smart factory market is expected to grow from $61.61 billion in 2021 to $71.05 billion in 2022 at a compound annual growth rate (CAGR) of 15.3%. The smart factory market is expected to reach $112.32 billion in 2026 with a CAGR of 12.1%.

The smart factory market includes sales of the smart factory by entities (organizations, independent traders and partnerships) that are used to improve processes and solve problems in manufacturing processes. A smart factory refers to a factory where physical production processes and operations are combined with digital technology, smart computing and big data to create a more opportunistic system for companies that focus on manufacturing and managing the supply chain.

Major product types in the smart factory market are machine vision systems, industrial robotics, control devices, sensors, communication technologies and others. An industrial robot refers to a mechanical machine programmed to automatically perform production-related tasks in industrial environments. .

The various components include smart factory hardware, smart factory software, and smart factory services and are used in automotive, aerospace and defense, electrical and electronics, power and beverages, healthcare and pharmaceuticals, and other industry verticals.

Asia-Pacific was the largest region in the smart factory market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.

Regions covered in the Smart Factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and South America. ‘Africa.

The Smart Factory Market research report is one of a series of new reports that provide statistics on the Smart Factory market, including global market size, regional shares, competitors holding market share smart factories, detailed smart factories market segments, market trends and opportunities, and any other data you may need to thrive in the smart factory industry. This Smart Factory Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing demand for industrial robots is expected to propel the growth of the smart factory market in the future. Industrial robots refer to mechanical machines programmed to automatically perform production-related tasks in industrial environments.

A smart factory focuses on the optimization and industrial automation of its resources, using tools such as information technology and smart sensors, robotics, the Internet of Things or artificial intelligence. For example, in 2021, according to the International Federation of Robotics, a non-profit organization based in Germany, sales of new robots increased slightly by 0.5%, and robot installations are expected to rebound strongly and grow by 13%. . Hence, the growing demand for industrial robots is driving the smart factory market.

Technological advancements are a key trend gaining popularity in the smart factory market. Leading companies in the smart factory sector are using advanced technologies to improve the production process and achieve better efficiency.

For example, in 2021, Panasonic, a Japan-based company operating in smart factory solutions, launched the Miraie Pro factory platform, an industrial IoT/smart factory solution developed locally at the Indian Innovation Center of the company. The pro Miraie factory uses technologies of the new era. such as cloud, IoT, analytics, and mobile apps, to name a few, to manage end-to-end operations, which improves production efficiency.

By using this technology, manufacturing productivity can increase by 8-15%.

In December 2021, Inpixon, a US-based indoor intelligence platform company, acquired IntraNav for an undisclosed amount. Through this acquisition, Inpixon is expected to expand its location intelligence and also contribute to the expansion of the market.

In addition, it would enable Inpixon to experience the fourth industrial revolution, commonly known as Industry 4.0, which would contribute to the digitalization of horizontal and vertical value chains through automation and data exchange, taking advantage of the IoT and cloud computing. IntraNav is a Germany-based industrial automation startup that provides components for the smart factory.

The countries covered in the Smart Factory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06318584/?utm_source=GNW

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