According to a market report by Lucintel, the future of the global smart factory market looks promising with opportunities in the automotive, semiconductor, oil & gas, chemical, pharmaceutical, aerospace & defense, food & beverage, and mining markets. The global smart factory market is expected to reach an estimated $416 billion by 2035 with a CAGR of 5.9% from 2026 to 2035. The major drivers for this market are the increasing demand for automation in manufacturing processes, the growing adoption of industrial internet of things (iiot), and the rising demand for investment in digital transformation initiatives.
A more than 150-page report to understand trends, opportunity and forecast in smart factory market to 2035 by type (machine vision systems, industrial robotics, control devices, sensors, communication technologies, and others), technology (product lifecycle management, human machine interface, enterprise resource planning, manufacturing execution systems, distributed control systems, supervisory controller & data acquisition, and programmable logic controller), end use (automotive, semiconductors, oil & gas, chemical, pharmaceutical, aerospace & defense, food & beverage, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, industrial robotic is expected to witness the highest growth over the forecast period.
Within the end use category, automotive is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
ABB, Siemens, General Electric, Rockwell Automation, Schneider Electric, Honeywell International, Emerson Electric are the major suppliers in the smart factory market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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