As the global economy recovers in 2021 and the supply of the industrial chain improves, the Smart Factory market will undergo major changes. The global smart factory market size was worth USD 85.5 billion in 2022 and is estimated to reach an expected value of USD 195.10 billion by 2031, at a CAGR of 9.6% during the forecast period (2023-2031).

The global Smart Factory industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Smart Factory market during the next few years. The global Smart Factory market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.

Highlights-Regions

The Smart Factory market can be split based on product types, major applications, and important regions as follows:

North America
Europe
Asia Pacific
Latin America

Player list
ABB Ltd.
Siemens AG
Schneider Electric SE
Yokogawa Electric Corporation
Robert Bosch GmbH
Kuka AG
Rockwell Automation Inc.
Honeywell International Inc.
Mitsubishi Electric Corporation
Cognex Corporation
Fanuc Corporation
Emerson Electric Company
FLIR Systems Inc.

Types list
Cameras
Processors
Software
Enclosures
Frame Grabbers
Integration Services
Lighting

Application list
Articulated Robots
Cartesian Robots
Cylindrical Robots
SCARA Robots
Parallel Robots
Collaborative Industry Robots