Innovations & Trends Within Smart Factory and Manufacturing Market: What is Expected During 2021- 2026

How Big is the Smart Factory and Manufacturing Market?

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. The market is driven primarily by the mounting demand for high-quality products with better end-to-end visibility of manufacturing processes entwined with the increasing adoption of smart factories & manufacturing solutions across industries associated with robotic systems.

Market Statistics

Market Growth Rate (CAGR): 9.7% from 2021-2026

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Smart Factory and Manufacturing Market Insight:

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.

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
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

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Competitive Landscape:

IBM
Thales
BAE Systems PLC
Senseye
Oden
Aclima
Neiker-Tecnalia
Festo
Seimens
Upskill
Teska Labs
Sick AG
LMI Technologies
Oracle.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Other Report:

Key Highlights of the Report:

Market Performance (2021-2026)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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