Smart Factory Market by Technology (DCS, PLC, MES, ERP, SCADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), End-User Industry, and Region - Global Forecast to 2022
Northbrook, IL -- (SBWIRE) -- 01/02/2018 -- An industrial robot is a disruptive technology which is expected to bring a revolution in the manufacturing processes. Implementing industrial robotics in the smart manufacturing processes can improve productivity, reduce the chances of human errors, and increase the production volume. With the advancements in the automotive manufacturing techniques, manufacturers focus more on enhancing their productivity by employing modern methodologies.
PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1227
The market for industrial robots is projected to account for the highest share of the global smart factory market during the forecast period. Implementing industrial robotics in the smart manufacturing processes can improve productivity, reduce the chances of human errors, and increase the production volume. However, the market for industrial 3D printing is expected to witness the highest CAGR between 2017 and 2022, owing to increasing adoption of 3D printing technology in the various process as well as discrete industries such as automotive, aerospace and defense, food and beverages, and semiconductor and electronics.
"North America projected to hold the second-largest share of the smart factory market, during the forecast period"
The North American region is a key market as it is home to some of the largest multinational corporations operating in this market, including a majority of the leading players. The increased R&D in the field of IoT for new and improved technologies is the crucial factor driving the market in North America. In addition, the rise in demand for advanced manufacturing solutions is expected to drive the growth of the smart factory market in North America. However, APAC is projected to be the largest smart factory market during the forecast period, owing to increase in investments in the development of manufacturing sectors and favorable government regulations.
Report Details @ https://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html
The major players involved in the smart factory market are ABB Ltd.(Switzerland), Atos SE (France), Emerson Electric Co. (U.S.), FANUC Corporation (Japan), General Electric Co. (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Email : email@example.com