According to a market report by Lucintel, the future of the global smart factory market looks promising with opportunities in the automotive, semiconductor, oil & gas, chemical, pharmaceutical, aerospace & defense, food & beverage, and mining markets. The global smart factory market is expected to reach an estimated $416 billion by 2035 with a CAGR of 5.9% from 2026 to 2035. The major drivers for this market are the increasing demand for automation in manufacturing processes, the growing adoption of industrial internet of things (iiot), and the rising demand for investment in digital transformation initiatives.
A more
than 150-page report to understand trends, opportunity and forecast in global smart
factory market to 2035 by type (machine vision systems, industrial robotics,
control devices, sensors, communication technologies, and others), technology
(product lifecycle management, human machine interface, enterprise resource
planning, manufacturing execution systems, distributed control systems,
supervisory controller & data acquisition, and programmable logic
controller), end use (automotive, semiconductors, oil & gas, chemical,
pharmaceutical, aerospace & defense, food & beverage, mining, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel
forecasts that, within the type category, industrial robotic is expected to
witness the highest growth over the forecast period due to the increasing
adoption of industrial automation and robotics.
Within the
end use category, automotive is expected to witness the highest growth due to
the rising demand for automated vehicle manufacturing processes.
Download
sample by clicking on smart factory market.
In terms
of regions, APAC is expected to witness the highest growth over the forecast
period due to the expanding manufacturing base and industrial automation
investments.
ABB,
Siemens, General Electric, Rockwell Automation, Schneider Electric, Honeywell
International, Emerson Electric are the major suppliers in the smart factory market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Multilayer Ceramic Capacitor Market
