Smart Factory Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 January 10
SKU : ICT1135
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FAQ’s
What is the growth forecast for the global smart factory market?
The global smart factory market is expected to grow at a compounding annual growth rate (CAGR) of 12.5% from 2024 to 2031, driven by factors like rising automation, demand for productivity, and stringent quality control.
Who are the leading players in the smart factory market?
Siemens, Rockwell Automation, Schneider Electric, ABB, and Honeywell are among the major players offering smart factory solutions and technologies.
Which industries are driving the smart factory market?
Oil and gas, aerospace, automotive, and mining industries are at the forefront of smart factory adoption due to their focus on efficiency, safety, and resource optimization.
What are the top trends shaping the smart factory landscape?
Integration of AI, cloud computing, and IoT are revolutionizing smart factories, enabling real-time data analysis, predictive maintenance, and enhanced operational visibility.
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