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Smart Factory Market Research Report By Trends, Forecasts, Demands And Upcoming Growth

Press Release

Smart Factory Market


The global smart factory market is estimated to reach USD 267.1 Billion in 2024 at a CAGR of 8.9%, Says By Forencis Research. Increasing adoption of wireless and sensor technologies, growing adoption of industrial robots, and increase complexity in supply chain management is expected to drive the smart factory market during the forecast period. However, high initial capital investment and risk associated with data loss and cyber security is expected to restrain the market during the forecast period. 3D printing technology is expected to become an opportunity for smart factory market.

To gain more insights around the Smart Factory Market :

The smart factory is a high digitized and connected production facility which depends on smart manufacturing. Moreover, it connects with plant to other entities in the digital supply network to enable effective supply chain management. In smart factory, machinery and equipment are able to improve processes through self-optimization and automation. Some key players in smart factory are Siemens AG, Fanuc Corporation, General Electric Company, Mitsubishi Electric Corporation, and Honeywell International Inc.

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This market research report offers a comprehensive analysis of key market trends in the global smart factory market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.

1) On the basis of hardware, the market is segmented into industrial robots, sensors, machine vision systems, and others.

2) By software, the smart factory market is segmented into product life cycle management (PLM), enterprise resource planning (ERP), machine execution systems (MES), programmable logic controller (PLC), supervisory control and data acquisition (SCADA), and Others.

3) On the basis of wireless connectivity, the market is segmented into wireless fidelity (Wi-Fi), WirelessHART, Bluetooth, and Zigbee.

4) By end use industry the market is segmented into oil and gas, chemicals, automotive, electronics and semiconductors, aerospace and defense, and healthcare.

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Smart Factory Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research


  • Industrial robots
  • Collaborative Robots
  • Articulated Robots
  • Cartesian Robots
  • Selective Compliance Assembly Robot Arm (SCARA) Robots
  • Cylindrical Robots
  • Other Robots (Delta, Palletizing, Welding)
  • Sensors
  • Machine Vision System
  • Others (Control Systems)

 Smart Factory Market, by Software

  • Product Life Cycle Management (PLM)
  • Enterprise Resource Planning (ERP)
  • Machine Execution Systems (MES)
  • Programmable Logic Controller (PLC)
  • Supervisory Control and Data Acquisition (SCADA)
  • Others (DCS, HMI, PAM)

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 Smart Factory Market, by Wireless Connectivity

  • Wireless Fidelity (Wi-Fi)
  • WirelessHART
  • Bluetooth
  • Zigbee


  • Oil and Gas
  • Chemicals
  • Automotive
  • Electronics and Semiconductors
  • Aerospace and Defense
  • Healthcare

Smart Factory Market by Region


North America


Middle East and Africa

South America

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Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.  

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