Title: Smart Factory Market worth 74.80 Billion USD by 2022
1Smart 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
2According to our proven research, the smart
factory market size, in terms of value, is
expected to reach USD 74.80 Billion by 2022, at a
CAGR of 10.4 between 2016 and 2022.
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3- Machine vision expected to play a key role in the
smart factory market, by component - Discrete industry expected to hold the largest
market share during the forecast period - APAC expected to hold the largest market share
and to grow at the highest CAGR - Highest growth rate of Automation, Manufacturing,
Robotics Industries
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4The key players in the smart factory market
include FANUC Corporation, Siemens AG, ABB Ltd.,
Honeywell International, Inc., and Yokogawa
Electric Corp. among others. These players have
adopted various strategies such as partnerships,
agreements, contracts, mergers acquisitions,
and new product developments to achieve growth in
the global market.
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