Stratview Research has published a new report titled ‘Smart Factory Market’ to its database. It has segmented the market By Product (Machine Vision Systems, Industrial Robotics, Control Devices, Sensors, Communication Technologies, Others), By Technology (Product Lifecycle Management (PLM), Human Machine Interface (HMI), Enterprise Resource and Planning (ERP), Manufacturing Execution System (MES), Distributed Control System (DCS), Supervisory Controller and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Others), By End-Use (Automotive, Semiconductors, Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Aerospace and Defense, Food and Beverage, Mining, Others) and by Region (North America [The USA, Canada, and Mexico], Europe, and Rest of the World [Brazil, Saudi Arabia, and Others]).

Market Segments' Analysis

The market researchers have studied the Smart Factory Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -

Based on end use, the smart factory market has been classified into automotive, semiconductors, oil and gas, chemical and petrochemical, pharmaceutical, aerospace and defense, food and beverage, mining, and others. Under these, the food and beverage segment held a significant market share in 2020. Modern technological methods such as 3D food printing and machine vision are revolutionizing the production processes of the food & beverages industry which offer high-quality products while keeping the maintenance, production, and distribution costs low, therey boosts the segment growth.

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Key Players of the market:

  • ABB Ltd (Switzerland)
  • Cognex Corporation (US)
  • Siemens AG (Germany)
  • Schneider Electric (France)
  • Rockwell Automation Inc. (US)
  • Honeywell International Inc. (US)
  • Robert Bosch GmbH (Germany)

In terms of region, the Asia Pacific market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to growing adoption of automation technologies across industries in China & India. Factory automation is rising in China, owing to high labor wages as well as the presence of a large number of automotive manufacturing plants. Moreover, surging population and growing standards of living further bolsters the regional market growth during the review period.

Highlights of the report:

The report also highlights the following segments -

-          The market structure and forecasts for the coming years.

-          Drivers, restraints, opportunities, and current trends of Smart Factory Market.

-          Historical data and forecast.

-          Estimations for the forecast period 2028.

-          Developments and trends in the market.

Our market research experts have studied the SMART FACTORY Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns & more. The findings are further validated through primary research with industry experts across the globe.

Reasons to Invest in this Report:

-          The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.

-          Segments include quantitative, qualitative, and value data.

-          Regional, and country level data includes the demand and supply forces along with their influence on the market.

-          The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

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