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Smart Factory industry

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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 – PowerPoint PPT presentation

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Date added: 18 June 2020
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Title: Smart Factory industry


1
Smart Factory industry Research Report By
Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2
Smart Factory industry Forecast To 2023
Smart Factory industry 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 Smart Factory
industry 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 (RD),
and strategic alliances
3
Smart Factory industry 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
Smart Factory industry Forecast To 2023
  • The primal factor that backs the global Smart
    Factory industry 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.

4
Smart Factory industry Forecast To 2023
Global Smart Factory industry 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.
5
Smart Factory industry Forecast To 2023
Global Smart Factory industry - Geographical
Analysis
On the basis of region, the global Smart Factory
industry 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.
Request a Sample Report _at_ https//www.marketresea
rchfuture.com/sample_request/2317
6
Smart Factory industry Forecast To 2023
Global Smart Factory industry - Competitive
Analysis
  • The major market players identified by MRFR in
    the global Smart Factory industry 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.

Browse Report _at_ https//www.marketresearchfuture.c
om/reports/smart-factory-market-2317
7
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright
2018 Market Research Future All Rights Reserved.
This document contains highly confidential
information and is the sole property of Market
Research Future. No part of it may be circulated,
copied, quoted, or otherwise reproduced without
the written approval of Market Research Future.
8
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