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Smart Factory Market

According to BlueWeave Consulting, The Global Smart Factory market is anticipated to grow at a significant rate during the forecast period.

Smart factory global market has reached USD 152.4 Billion in 2019 and forecast above 9.9 % CAGR increase to cross USD 291.4 billion by 2026.

Smart Factory industry by Component (Software, Hardware, Service), by Connectivity (Wired Connectivity, Wireless Connectivity), by Industry Vertical (Electronics and Semiconductor, Aerospace & Defense, Automotive, Oil & Gas, Chemicals, Healthcare & Pharmaceuticals and others) Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2023

The “Global Smart Factory Market, By Component(Hardware, Software, and Services) by Market Structure (To Connect, To Collect, To Analyze, To Control ), by Manufacturing Verticals (Automobile & Transportation, Food & Beverages, Electrical & Electronics, Aerospace & Defense, Oil & Gas, Garment & Textile, Chemical & Material, Others (healthcare & pharmaceuticals)), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 276.12 Billion by 2027, witnessing a CAGR of 13.3 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.

Covid-19 Impact on Smart Factory market by Component (Software, Hardware, Service), by Connectivity (Wired Connectivity, Wireless Connectivity), by Industry Vertical (Electronics and Semiconductor, Aerospace & Defense, Automotive, Oil & Gas, Chemicals, Healthcare & Pharmaceuticals and others) Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2023

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Global Smart Factory Market is expected to rise from its initial estimated value of USD 142.56 billion in 2018 to an estimated value of USD 260.17 billion by 2026, registering a CAGR of 7.81% in the forecast period of 2019-2026. Increasing adoption of robots in manufacturing industries is driving the growth of this market.

Smart Factory market status and forecast, categorizes the global Smart Factory market size (value & volume) by manufacturers, type, application, and region.

For more information kindly visit : https://www.bharatbook.com/consumer-electronics-market-research-reports-421267/smart-factory-technology-component-industry-geography-global-forecast.html Bharat Book Bureau provides the report, on “ Smart Factory Market by Technology ".Integration of engineering and manufacturing by the adoption of IoT and advancements in M2M communication technology in the industrial sector are driving the growth of the smart factory market.

Recent report published by MarketsandMarkets, predicts that Smart Factory Market expected to generate revenues of $246.03 billion by 2018, growing at an estimated CAGR of 8.08% from 2013-2018. Some of the key players in the smart factory market include ABB Ltd (Switzerland), DassaultSystemes (France), Apriso Corporation (U.S.), Siemens AG (Germany) etc.

The Smart Factory is referred to as a fully integrated and affordable factory automation solution that streamlines the flow of materials through a manufacturing facility. Most of the industry experts believe that the smart factory will be the next big fixation in the industrial revolution. See More: http://tinyurl.com/oxffk4s

More Information @ http://bit.ly/2p992zE Growing demand for efficient and energy saving production process is likely to fuel the smart factory market demand. The advanced factories provide complete automation solutions for production facilities to streamline the flow of materials without wasting any time by connecting machine to machine communication.

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Smart Factory Market by Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI), Component (Sensors & Actuators, Communication Technologies, Industrial Robotics, Machine Vision), Industry (Process, Discrete), and Geography - Global Forecast to 2022. Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=1227

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The Smart Factory is referred to as a fully integrated and affordable factory automation solution that streamlines the flow of materials through a manufacturing facility. Most of the industry experts believe that the smart factory will be the next big fixation in the industrial revolution. It offers MES and factory specific templates, enables problem visibility, and delivers factory reports and dashboards so that inventory control and decision making can be improved.

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