smart factory market

The global smart factory market size 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 global smart factory market size is expected to reach USD 112.32 billion in 2026 with a CAGR of 12.1%.

The trade research company offers the Global Smart Factory Market Report 2022 in its research report store. This is the most comprehensive report available on this market and it will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the market size by region and country. It also compares historical and forecast market growth and highlights important trends and strategies that market players may adopt.

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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.

Some key players in the smart factory market are ABB, Emerson Electric Co, General Electric, Honeywell International Inc, IBM, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc, Schneider Electric, Siemens, Yokogawa Electric Corp, Cisco Systems Inc.

The countries covered in the global smart factory market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru , Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.

Regions covered in the global smart factory market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa .

Smart Factory Market Segmentation:
By product
1. Machine vision systems
2. Industrial robotics
3. Control devices
4. Sensor communication technologies
5. Others

By component
1. Smart Factory Hardware
2. Smart factory software
3. Smart Factory Services

By industry vertical
1. Automotive
2. Aeronautics and Defense
3. Electricity and electronics
4. Food and drink
5. Energy and utilities
6. Health and Pharmaceuticals
7. Others

Read more about the report at –

The table of contents of the report includes
1. Summary
2. Features of the Smart Factory Market
3. Smart Factory Market Trends and Strategies
4. Impact of Covid-19 on Smart Factory
5. Smart Factory Market Size and Growth
28. Major Mergers and Acquisitions in the Smart Factory Market
29. Smart Factory Market Future Prospects and Potential Analysis
30. Annex

This report covers market trends and dynamics of the smart factory market in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The report also includes consumer surveys and various future opportunities for the market.

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The Business Research Company ( is a business information company that excels in business, market and consumer research. He has published over 3,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

This press release was published on openPR.


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