smartfactory market Research Report By Forecast 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
smartfactory market Forecast To 2023 smartfactory market Forecast To 2023
The smart factory is defined as a combination of high-tech tools and high-tech workers that represents the technological and manufacturing development. Market Research Future (MRFR) has published a report about the global smartfactory market that foretells boost for this market at 9% CAGR (Compound Annual Growth Rate) between 2016 and 2022. Regarding value, the market is expected to be worth the US $ 73 bn by the end of the forecast period.
Observing the market structure, this report offers insights about factors affecting the market growth. Measuring the market size and foretelling the revenue, this reports examines and monitors the competitive developments of market players that include joint ventures, new product developments, mergers and acquisitions, research and developments (R&D), and strategic alliances
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smartfactory market Forecast To 2023 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on Internet of smartfactory market Forecast To 2023�
• The primal factor that backs the global smartfactory market growth is growing demand for sustainable and service-oriented business practices the smart factory is designed. Smart factory depends upon adaptability, fault tolerance, flexibility, and risk management. Other factors on which the market growth abuts on are developments in the internet of things (IoT), industry players emphasizing on improving the efficiency of the manufacturing process, focus on power consumption, usage of robots, and lastly, increased investments in big data analytics, cloud technologies & IoT by corporate organizations. However, the shortage of skilled and trained workers can be a threat to the market growth.
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smartfactory market Forecast To 2023 Global smartfactory market Segmented on the basis of The global market for smart factories is segmented on the basis of component, connectivity, services, and industry verticals. Based on the components, the market has been bifurcated into hardware and software. The hardware segment includes control devices, industrial robots, sensors, machine vision systems, among others. Moreover, the segment is expected to acquire the fastest CAGR of 13.6% over the review period. Software segment comprises Distributed Control System (DCS), Enterprise Resource Planning (ERP), Supervisory Control and Data Acquisition (SCADA),Programmable Logic Controller (PLC), Programmable Automation Controller (PAC), and others.
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smartfactory market Forecast To 2023 Global smartfactory market - Geographical Analysis On the basis of region, the global smartfactory market has been segmented into Asia Pacific, North America, Europe, and the rest of the world. The North American region is the largest regional market for smart factories and is estimated to lead the market share over the assessment period. This is attributed to the presence of multinational organizations with extensive investments in research and development activities for industrial automation and other advanced technologies such as Industrial Internet of Things (IIoT) and cloud technology. The presence of significant market players, along with established industries, is also expected to contribute towards the market share.
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smartfactory market Forecast To 2023 Global smartfactory market - Competitive Analysis • The major market players identified by MRFR in the global smartfactory market include Siemens AG, General Electric Company (GE), ABB Ltd, Rockwell Automation, Schneider Electric, Honeywell International Inc., FANUC Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Johnson Controls International PLC, Yokogawa Electric Corporation, Atos SE, Robert Bosch GmbH, Cognex Corporation and Ubisense. Industry News • September 2019: NTT DOCOMO, a leading Japan-based mobile operator, announced that it became a member of the 5G Alliance for Connected Industries and Automation (5G-ACIA), aiming to expand the usage of 5G technology in the manufacturing sector.
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