Global Smart Factory Market Report: by Component (Software, Hardware, Service), by Connectivity (Wired Connectivity, Wireless Connectivity), by Industry Vertical (Electronics and Semiconductor, Aerospace & Defense, Automotive, Oil & Gas, Chemicals, Healthcare & Pharmaceuticals and others) Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2023
Market analysis

Global smart factory market is relied upon to observe significant development during the estimate time frame. Essentially high selection of robots in businesses and the headway in the sensor innovations are variables adding to the market development. Moreover, savvy sensors are additionally ready to follow the area of vehicles, resources, stock, and individuals: henceforth the information gathered by shrewd sensors can be utilized by producers to follow shipment and position of armada trucks. These sensors additionally empower endeavors to screen the development of hardware or merchandise and the temperature of the last item. Be that as it may, dangers related to cybersecurity and information misfortune are limiting the market development. The global smart factory market is projected to expand at a growth rate of 11.7% CAGR during the forecast period 2017-2023.

Market segmentation

The global smart factory market is segmented on the basis of its component, services, connectivity, industry vertical and regional demand. Based on its component, the market is divided into Software and Hardware. On the basis of its Services, the market is divided into Professional Services and Managed Services. Based on its Connectivity, the market is bifurcated into Wireless Connectivity and Wired Connectivity. On the basis of its Industry Vertical, the market is divided into Healthcare and Pharmaceutical, Aerospace & Defense, Electronics and Semiconductor, Automotive, Chemicals, Oil & Gas, and Others.

Regional analysis

Geographically, the global smart factory market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Emerson Electric Co., Johnson Controls International PLC, Yokogawa Electric Corporation, Atos SE, Robert Bosch GmbH, Cognex Corporation and Ubisense, Siemens AG, General Electric Company (GE), ABB Ltd, Rockwell Automation, Schneider Electric, Honeywell International Inc., FANUC Corporation, Mitsubishi Electric Corporation, among others are some of the major players in the global smart factory market.