Smart Factory Market 2021–2029: Business, Growth, Trends

Absolute Markets Insights
4 min readJan 29, 2022


In terms of revenue, global smart factory market was valued at US$ 123.80 Bn in 2021 and is anticipated to grow at a CAGR of 13.3% over the forecast period (2021–2029).

A Complete Research offering of an inclusive analysis of the Global Smart Factory Market size, share, recent developments, and trends can be availed in this latest report by Absolute Markets Insights. As per the report, the Global Smart Factory Market is anticipated to witness significant growth during the forecast period from 2021 to 2030. The study provides brief summary and thorough insights into the market by collecting data from the industry experts and several prevalent in the market. Besides this, the report offers a detailed analysis of geographical areas and describes the competitive scenario to assist investors, prominent players, and new entrants to obtain a major share of the global Smart Factory market.

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Major Market Players Profiled in the Smart Factory Market Report include: ABB, Atos SE, CISCO, Cognex Corporation, Emerson Electric Co., FANUC America Corporation, Hewlett Packard Enterprise Development LP., Honeywell, IBM Corp., Johnson Controls, Mitsubishi Electric Automation, Inc., Omron Corporation, Oracle, Robert Bosch GmbH, Rockwell Automation, Inc., SAP SE, Schneider Electric, Siemens Digital Industries Software, The General Electric Company, Yokogawa India Ltd, and other market participants.

Global Smart Factory Market By Offering (Hardware (Controllers (Computerized Numerical Controllers (CNCs), Programmable Controllers, Motion Controllers, Others), Industrial Human-Machine Interface (HMI), Industrial And Collaborative Robots, Power Monitoring Products, Others), Software, Services (Design & Development Services, Implementation Services, Training & Consulting Services, Others)); By Technology (Big Data & Analytics, Edge/Cloud Computing, Artificial Intelligence (AI) & Machine Learning (ML), Industrial Internet Of Things (IIoT), Digital Twin, Robotics, Others); By Application (Industrial Security, Energy Management, Predictive Maintenance, Operations Management, Workforce Management, Others) By Organization Size (Large Organizations, Small And Medium Organizations); By End Use Industry (Discrete Manufacturing (Automotive, Consumer Products, Aerospace And Defence, Medical Devices, Pulp And Paper, Metal, Others) , Process Industries (Food And Beverage, Oil And Gas, Pharmaceutical, Chemical, Energy, Power And Utilities, Others)); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) — Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2021–2029

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A detailed overview of the purchasing criteria and difficulties confronted in the Smart Factory business sector is also elaborated in this report. It likewise constitutes a broad investigation of the restraints on the market, business sector structure and the business pattern of the Smart Factory market. Meetings and interviews with the leading market participants have been used in order to present primary information regarding the market. Furthermore, this report gives a complete review of the magnitude and application scope of the market around the world. The report includes the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Why the Smart Factory Market Report is Beneficial?

• The Smart Factory report is compiled with a thorough and dynamic research methodology.

• The report offers a complete picture of the competitive scenario of the Smart Factory market.

• It comprises vast amount of information about the latest technology and product developments in the Smart Factory industry.

• The extensive range of analysis associates with the impact of these improvements on the future of Smart Factory industry growth.

• The Smart Factory report has combined the required essential historical data and analysis in the comprehensive research report.

• The insights in the Smart Factory report can be easily understood and contains a graphical representation of the figures in the form of bar graphs, statistics and pie charts, etc.

• This report can be customized to meet the client’s requirements. Please connect with our sales team, who will ensure that you get a report that suits your needs.

Smart Factory Market By Region:

• North America [U.S., Canada, Mexico]

• Europe [Germany, UK, France, Italy, Rest of Europe]

• Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

• South America [Brazil, Argentina, Rest of Latin America]

• Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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