Smart Factory Market by Applications (Automotive, Electrical and Electronics) Worth $67 Billion by 2020 - New Report by MarketsandMarkets
Smarter manufacturing or Smart Factory is the advanced factory system that creates cyber-physical systems where materials can be moved efficiently across the factory floor. This would provide significant real-time quality, time, resource, and cost advantages in comparison with the traditional production systems. Sensing components such as actuators and sensors within the industrial set-up are expected to become "smart" as they are, increasingly, becoming self-sufficient with integrated computing abilities and low power consumption.
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