Smart Factory Market Global Industry Analysis By Size, Growth Rate, Share, COVID-19 Impact and Trends With Forecast To 2026

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Smart Factory Market Global Industry Analysis By
Size, Growth Rate, Share, COVID-19 Impact and
Trends With Forecast To 2026
Smart Factory Market By Component (Sensors,
Industrial Robots, Industrial 3D Printing,
Machine Vision), Technology (PLM, MES, PLC,
SCADA, ERP, DCS, HMI, RAM), End- User (Machine
Manufacturing, Oil Gas, Aerospace Defense,
Electrical Electronics,  Automotive
Transportation, Chemical, Pharmaceuticals, 
Mining Metals, Food Beverages, Electric Power
Generation), Geography (North America, South
America, Europe, Asia-Pacific, Middle East and
Africa) Industry Trends and Forecast to 2026
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Report Description
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 is an advanced factory
where the machines and equipment can improve the
process by automation and self- optimization.
They not only improve the productivity but also
improve the product development and supply chain
logistics. These days, there is increase in the
adoption for industrial robots which is the major
factor fuelling the market growth.
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Major Key Players

• Some of the major players operating in this
  market are
• Siemens
• GENERAL ELECTRIC, ABB
• Rockwell Automation, Inc.
• Schneider Electric
• Honeywell International Inc.
• FANUC CORPORATION
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Yokogawa India Ltd

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smart-factory-market
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Market Segmentation

• By Component (Sensors, Industrial Robots,
  Industrial 3D Printing, Machine Vision)
• By Technology (PLM, MES, PLC, SCADA, ERP, DCS,
  HMI, RAM)
• By End- User (Machine Manufacturing, Oil Gas,
  Aerospace Defense, Electrical Electronics, 
  Automotive Transportation, Chemical,
  Pharmaceuticals,  Mining Metals, Food
  Beverages, Electric Power Generation)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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