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Smart Factory Market – Opportunities and Forecast, 2020-2027

The significant factors responsible for the growth of the global smart factory market include the strong demand for industrial robots, increasing adoption of the Industrial IoT (IIoT), rising importance of energy efficiency, resource optimization, & cost saving, followed by the growing emphasis on real-time data analysis, enhance visibility, and predictive maintenance. <br><br>Visit: https://www.gmiresearch.com/report/smart-factory-market/

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Smart Factory Market – Opportunities and Forecast, 2020-2027

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  1. Report Title Smart Factory Market – Opportunities and Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

  2. The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study. Key Drivers of the Smart Factory Market: The significant factors responsible for the growth of the global smart factory market include the strong demand for industrial robots, increasing adoption of the Industrial IoT (IIoT), rising importance of energy efficiency, resource optimization, & cost saving, followed by the growing emphasis on real-time data analysis, enhance visibility, and predictive maintenance. Additionally, the emergence and adoption of advance and smart technologies across several industries including metal & mining, oil & gas, energy & utilities, and manufacturing is further surging the market growth. The accelerating demand for smart industrial solutions across the industries that manage output and decreased labor & operational costs is boosting the growth of the market. These factories are digitally advanced & connected facilities that help in improving the manufacturing performance and replaces the human workers in a variety of operations. Numerous advantages such as effortless monitoring, decrease in amount of factory waste, and improved speed of production are offered by smart factory, which is also promoting the market growth. On the other hand, high initial capital investment and risk related to the security of the cyber-physical system are likely to hinder the market growth. This report splits the Smart Factory Market as follows: By Component: •Sensors •Industrial Robots o Traditional Industrial Robots ▪ Articulated Robots ▪ Cartesian Robots 2

  3. ▪ Selective Compliance Assembly Robot Arm (SCARA) ▪ Cylindrical Robots ▪ Other Robots o Collaborative Robots •Industrial 3D Printing •Machine Vision o Camera ▪ Digital Camera ▪ Smart Camera o Frame Grabbers, Optics, and Led Lighting o Processor and Software By Technology: •Product Life Cycle Management (PLM) •Manufacturing Execution System (MES) •Programmable Logic Controller (PLC) •Supervisory Control and Data Acquisition (SCADA) •Enterprise Resource Planning (ERP) •Distributed Control System (DCS) •Human–Machine Interface (HMI) •Plant Asset Management (PAM) By Industry: •Process Industry o Oil and Gas o Chemicals o Pulp and Paper o Pharmaceuticals o Metals and Mining o Food and Beverages o Energy and Power o Others •Discrete Industry o Automotive o Aerospace and Defense o Semiconductor and Electronics 3

  4. o Machine Manufacturing o Medical Devices o Others By Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) Competitive Landscape: The smart factory market report also scans the competitive landscape and profiles the major players operating in the market including Siemens AG, Stratasys, Ltd., Rockwell Automation, Inc. Schneider Electric SE, General Electric Company, Honeywell International Inc., ABB Group, Mitsubishi Electric Corporation, Emerson Electric Co., Yokogawa Electric Corporation, Robert Bosch GmbH, and FANUC, among others. About GMI Research 4

  5. GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5

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