NEWARK, Del, Aug. 17, 2022 (GLOBE NEWSWIRE) — Smart factory market set to soar 10.8% CAGR over an eight-year period. This surge is noticed from a valuation of US$127.2 billion in 2022 to US$288.1 billion by the end of 2030.

The proliferation of technology in every industry is propelling the demand for smart factories. Revenue from the smart factory sector accounted for 15% of the global industrial automation market in 2021.

An increase of 41 units in BPS values ​​is observed in the smart factory market in the first half of 2022 – Outlook (O) compared to the first half of 2022 projected (P). For many years, the manufacturing industry has seen a growth in sensor technology. When sensors are adopted more widely and at a more affordable price in 2022, a critical mass breakthrough is likely to occur.

Request sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-446

Key points to remember

  • The benefits of remote and offsite operational work are enormous and ever-expanding. According to Future Market Insights analysis, there are more benefits associated with the smart factory market, such as flexibility, security, and convenience. Due to these benefits, consumers and manufacturers are turning to the smart factory market.
  • Facilities continue to explore ways to integrate even more remote access into their operations, including cloud-based technology, storage and analytics, even as life returns to normal in the wake of COVID. This is expected to boost the smart factory market.
  • Changing digital trends and rapid technological advancements such as IoT (Internet of Things) processor, 5G technology, etc. should stimulate the creation of smart factories around the world.
  • More and more facilities are adopting sensors as they provide continuous, real-time monitoring of machine condition and health. With these advantages, the need for a smart factory solution is expected to skyrocket.
  • According to IMF analysis, industries are deploying smart factory solutions to more accurately estimate and plan maintenance, production capacity, inventory, sales, and other factors. Combined with technologies such as machine learning (ML) and artificial intelligence (AI), the smart factory market is expected to grow throughout the forecast period.
  • Technological improvements in all walks of life have resulted in consumer conveniences that have led to changing trends. Due to the proliferation of technology, there is also a significant influence on the market potential of smart factories in the coming years. The demand for smart factories grew at a high CAGR of 9.7% from 2015 to 2021.

Customization before buying, visit @ https://www.futuremarketinsights.com/customization-available/rep-gb-446

More information on the smart factory market

Exponential growth has been witnessed in India’s manufacturing industry over the past few years, and this can be directly linked to the country’s rapid urbanization and industrialization. Attributed to these developments, the smart factory market is expected to rise during the forecast period 2022-2030.

The government is helping manufacturers to deploy smart manufacturing solutions and advance the industry 4.0 trend by providing grants to attract investors. Other initiatives such as Make in India are expected to boost the country’s industrial growth.

An increase in technological advancements such as 5G technology and cloud technology is expected to drive the demand for smart factory as a service during the forecast.

China is known as a well-established manufacturing hub and has a very lucrative industrial sector for the smart factory market. It is estimated that smart manufacturing and automation will see strong demand in China during the forecast period.

As the adoption of Industry 4.0 increases, smart factories as a service are also expected to see reasonable growth in China’s industrial sector. Industrial IoT components are also expected to see an increase in demand due to increasing automation in smart industries.

Competitive landscape

ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., General Electric Company, Johnson Controls International PLC, Yokogawa Electric Corporation, Honeywell International Inc., SAP SE, Oracle Corporation, IBM Corporation, Cisco Systems Inc., Microsoft Corporation , Kollmorgen are some of the major companies profiled in the full version of the report.

Smart factory companies invest in the research and development of smart manufacturing technologies that use industrial IoT components to maximize productivity and efficiency.

Chat with our expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-446

Key segments of Smart factory industry survey

Smart Factory Market By Making up:

  • Smart factory hardware
    • Sensors
    • Industrial robots
    • Machine vision systems
    • Industrial 3D printing
  • Smart factory software
    • Human Machine Interface
    • Product life cycle management
    • Distributed control system
    • SCADA
    • ERP
    • Others
  • Smart factory services
    • Integration and deployment
    • Consultant
    • Support & Maintenance

smart factory market By End User:

  • Discreet industry
  • Process industry

smart factory market By Industry Vertical:

  • Automotive smart factories
  • Smart factories for aerospace and defense
  • Smart factories for electricity and electronics
  • Smart factories for food and beverages
  • Smart factories for energy and utilities
  • Smart factories for healthcare and pharmaceuticals
  • Others

smart factory market By Region:

  • North America smart factory market
  • Smart factory market in Latin America
  • Smart factory market in Europe
  • East Asia smart factory market
  • South Asia and Pacific Smart Factory Market
  • Middle East and Africa (MEA) smart factory market

To purchase this report, visit @ https://www.futuremarketinsights.com/checkout/446

Contents

1. Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits

3. Key Market Trends

3.1. Key trends impacting the smart factory market
3.2. Innovation / Development Trends
3.3. Key factors of success

4. Global Smart Factory Market – Price Analysis

4.1. Smart factory component, pricing models
4.1.1. Hardware Peripherals, Unit Price Analysis
4.1.2. Software pricing models
4.1.2.1. Subscription-based pricing (per user/month)
4.1.2.2. Perpetual license (one-time license fee)
4.2. Comparative analysis of world average prices

Lily Complete Table of Contents…..

Explore extensive coverage of MFIs technology market Perspective Landscape

Smart Railway Market: The global smart railway market is expected to enjoy a valuation of US$26.37 billion in 2022 and continue to expand at a rapid CAGR of 16.3% to reach 43.33 billion US dollars by the end of 2031.

Smart Camera Market: The smart camera market is expected to grow at a robust CAGR of 25.8% during the forecast period. The market is expected to be valued at US$151187.6 million by 2032, while the valuation in 2022 is US$15247.6 million.

Smart Elevator Automation System Market: Smart Elevator Automation Market in terms of value, the modernization services sub-segment is expected to represent an absolute value opportunity of US$9,922.3 million in the market world of intelligent elevator automation systems between 2017 and 2027.

Smart Personal Safety and Security Devices Market: The global smart personal safety and security devices market is expected to grow at a CAGR of 7.4%.

Smart mining market: The global smart mining market is expected to grow at a compound annual growth rate (CAGR) of 14.5% and generate $13 billion in revenue.

Smart Sensors Market: The sales of smart sensors market is projected to grow at a prolific CAGR of roughly 19.2% between 2022 and 2032, totaling a valuation of over US$88 billion by 2032.

Smart Fitness Market: Global smart fitness market revenue totaled around US$13 billion in 2020, according to Future Market Insights (IMF). The global smart fitness market size is expected to reach ~US$50 billion by 2031, growing at a CAGR of 12% for 2021-31.

Embedded Smart Camera Market: Embedded smart cameras enable access to a large number of views through cooperation between individual cameras and potentially support more complex and challenging applications than a single camera, such as smart rooms , monitoring, tracking and motion analysis.

Smart Agriculture Solutions Market: The global smart agriculture solutions market is expected to grow at 10.3% CAGR between 2021 and 2031.

Waste-sensing-based smart labels market: Waste-sensing-based smart labels account for a significant share of the printed electronics market, as they are widely used for groceries and other food and beverage products in the whole world.

About Us:

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 8 years.

Contact:

Future Market Outlook Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Such. : +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/smart-factory-market
For sales inquiries: [email protected]
Browse the latest market reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Previous

Sugar Factory Announces Detroit Location Opening Date and Taking Reservations | Food News | Detroit

Next

Vicari pub closes, grilled cheese window opens, sugar factory opening date set and more

Check Also