The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Smart Factory and Manufacturing Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Smart Factory and Manufacturing Industry Analytical Overview (2021-2026): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Smart Factory and Manufacturing Market is projected to grow at a CAGR of around 9.7% during the forecast period, i.e., 2021-26. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2021 to 2026.
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What is Included in Smart Factory and Manufacturing Market Segmentation?
The report has segmented the market into the following categories:
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
- Smart Infrared Cameras
- 3D sensors
- Others
- Controllers
- Software Controllers
- Drive Controllers
- Heating Controllers
- Others
- Industrial Robots
- Traditional Robots
- Articulated Robots
- Cartesian Robots
- Selective Compliance Assembly Robot Arm (SCARA)
- Cylindrical Robots
- Other Robots
- Collaborative Robots
- Traditional Robots
- Others
Of them all, Industrial Robots are anticipated to gain momentum in the market during the forecast period. It owes to the capabilities of these robots to serve extensively across modern factories while reducing the need for human intervention or assistance for basic & complex tasks and increasing operational efficiency & productivity of the manufacturing facility.
In addition, the soaring demand for these devices owes to their precise & accurate assistance in services that help replace human workers & bring cost-efficiency. Regions like North America & Europe are among the major end-users of these robots & are used primarily in intelligent production & the management of supply chains and tasks like pick-up, assembling, welding, & palletizing, among others.
By Applications
- Manufacturing
- Designing
- Logistics Optimization
- Retail
- Inventory Governance
- Predictive Maintenance
- Protection from Cybercrime
- Construction
- Quality Control
- Others
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East, and Africa
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Key Factor Driver Smart Factory and Manufacturing Industry Growth by 2026
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.
Who are the Key Players Operating in the Smart Factory and Manufacturing Industry?
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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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Smart Factory and Manufacturing Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Smart Factory and Manufacturing industry?
- Which is the Leading segment in the market?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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