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Global Smart Factory Market - Analysis and Forecast (2021-2027)

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Global Smart Factory Market - Analysis and Forecast (2021-2027)

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  1. Global Smart Factory Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Smart Factory Market The global smart factory market was valued at USD 150.0 billion in 2019 and is predicted to reach USD 243.0 billion by 2027, growing at a CAGR of 10.1% during the forecast period. The factors responsible for the growth of smart factory across the globe are growing use of enabling technologies in manufacturing, growing adoption of industrial robots in manufacturing sector driven by collaborative robots, evolution of the Internet of Things (IoT) and connected enterprise, along with large scale production to cater to growing population. Based on technology, the global smart factory market is categorized into distributed control system (DCS), programmable logic controller (PLC), manufacturing execution system (MES), enterprise resource planning (ERP), supervisory control and data acquisition (SCADA), plant asset management (PAM), human–machine interface (HMI), and product life cycle management (PLM). In 2019, the MES segment dominated the smart factory market.

  4. Global Smart Factory Market The primary factors driving the growth of the global smart factory market are: - Increasing demand for industrial robots - Growing focus on real-time data analysis, increased visibility, and predictive maintenance - Growing use of enabling technologies in manufacturing The global pandemic of COVID-19 has sidelined main-stream manual workers, tightening labor industry and increased unemployment rate. In this scenario, automation solutions, including smart factory, which were unthinkable have blossomed, thanks to the development of open source robotic operating systems, machine learning, sensors, and artificial intelligence.

  5. Global Smart Factory Market Geographically, North America is the largest revenue contributor in the smart factory market. This is due to the growing adoption of intelligent manufacturing & supply chain technologies across various industries in the region. The industrial sector in North America is experiencing huge demand for automated and robotic systems for conducting different operational tasks at manufacturing and warehouse units to increase production. The automobile giants such as BMW, and Audi are doing investments in the field of factory automation operations to minimize production cycles and save costs. In North America, the U.S. market is experiencing huge demand for technological advanced production systems, minimizing employee engagement and reducing labor costs. Key players operating in the global smart factory market include General Electric, Honeywell International Inc., ABB, Emerson Electric, Robert Bosch GmbH, Schneider Electric, Rockwell Automation, FANUC, Yokogawa Electric, and Siemens.

  6. For Sample Report :- https://www.vynzresearch.com/semiconductor-electronics/smart-factory-market/request-sample www.vynzresearch.com

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