Business Research Company Global Smart Factory Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, September 9, 2022 /EINPresswire.com/ — According to “Smart Factory Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the smart factory market size is expected to reach $112.32 billion in 2026 at a CAGR of 12.1%. The growing demand for industrial robots is expected to propel the growth of the smart factory market in the future.
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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.
Global Smart Factory Market Trends
Technological advancements are one of the major smart factory market trends that are gaining popularity. 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. Miraie Pro Factory uses new era technologies such as cloud, IoT, analytics and mobile apps, to name a few, to manage end-to-end operations, which improves the Production efficiency. Manufacturing productivity can increase by 8-15% using this technology.
Segments of the global smart factory market
By product: machine vision systems, industrial robotics, control devices, sensors, communication technologies, others
By component: Smart Factory hardware, Smart Factory software, Smart Factory services
By vertical: Automotive, Aerospace & Defense, Electrical & Electronics, Food & Beverage, Energy & Utilities, Healthcare & Pharmaceuticals, Other
By Geography: The global smart factory market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Asia-Pacific accounts for the largest share.
Learn more about the Global Smart Factory Market report here
The Global Smart Factory Market Report 2022 is part of a series of new reports from The Business Research Company that provides smart factory market overview, size and growth analysis and forecasts Global Smart Factory Market, Global Smart Factory Market Share, Global Smart Factory Market Segments and Geographies, Global Smart Factory Market Players, Revenue, Profiles and Share market leading competitors in the global smart factory market. The Smart Factory Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Smart Factory Market Report 2022 includes insights into the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Main market players: 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, Dassault Systemes, Endress+Hauser AG, Kollmorgen, Kuka AG, Omron Corporation and Oracle Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 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.
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