Smart Factory and Manufacturing Market Research Report & Summary:
The Global Smart Factory and Manufacturing Market is projected to grow at a CAGR of around 9.7% during the forecast period, i.e., 2021-26.
Time Period Captured in the Report:
· Historical Years: 2016-19
· Base Years: 2020
· Forecast Years: 2021-26
Who are the Key Players Operating in the Smart Factory and Manufacturing Market?
The top companies of the Smart Factory and Manufacturing Market ruling the industry are:
IBM, Thales, BAE Systems PLC, Senseye, Oden, Aclima, Neiker-Tecnalia, Festo, Seimens, Upskill, Teska Labs, Sick AG, LMI Technologies, Oracle
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What is Included in Smart Factory and Manufacturing Market Segmentation?
The Smart Factory and Manufacturing Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
§ By Technology
· AI (Artificial Intelligence)
· IIOT (Industrial Internet of Things)
· Blockchain
· Others (5G, Augmented Reality, etc.)
§ By Software Type
· SCADA
· HMI
· PLC
· DCS
· Others
§ By Component
· Sensors
o Smart Infrared Cameras
o 3D sensors
o Others
· Controllers
o Software Controllers
o Drive Controllers
o Heating Controllers
o Others
· Industrial Robots
o Traditional Robots
§ Articulated Robots
§ Cartesian Robots
§ Selective Compliance Assembly Robot Arm (SCARA)
§ Cylindrical Robots
§ Other Robots
o Collaborative Robots
· Others
§ By Applications
· Manufacturing
· Designing
· Logistics Optimization
· Retail
· Inventory Governance
· Predictive Maintenance
· Protection from Cybercrime
· Construction
· Quality Control
· Others
· By Region
o North America
o South America
o Europe
o Asia-Pacific
o Middle East, and Africa
Explore the Complete Smart Factory and Manufacturing Market Analysis Report – https://www.marknteladvisors.com/research-library/global-smart-factory-and-manufacturing-market.html
Market Dynamics
Key Driver: Escalating Demand for Industrial Robots
Industrial robots are observing an increasing adoption across factories & manufacturing units to perform different electronic & mechanical tasks like assembling, pickups, material handling, gathering force data for the loT testing, Statistical Process Control (SPC), etc. Hence, the soaring demand for these components is anticipated to drive the global market during the forecast period. Moreover, with the increasing miniaturization of sensors and the mounting inclination toward automation, the demand for industrial robots shall further accelerate and benefit the overall market growth through 2026.
Possible Restraint: Growing Need for Greater Capital Investment
Since most industries are increasingly transforming from conventional manufacturing to modern & well-equipped facilities with smart components & robots, it requires massive capital investment for the installation of advanced machinery, software systems, IT infrastructure, & advanced communication technologies. It might introduce a financial burden on industry operators, especially across price-sensitive economies like Asia-Pacific & South America, and, in turn, restrain the market growth during the forecast period.
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