Enjoy complimentary customisation on priority with our Enterprise License!
The Smart Factory Market size is forecast to increase by USD 97.1 billion at a CAGR of 10.87% between 2023 and 2028. The market is witnessing significant growth driven by several key factors. There is a pressing need for simplification and optimization of complex manufacturing processes, prompting industries to adopt smart factory solutions. Moreover, shifts in the global labor force dynamics and the increasing trend toward automation are accelerating the adoption of smart manufacturing technologies. Additionally, the miniaturization of sensors is enabling more efficient and precise monitoring and control within smart factory environments, further fueling market expansion. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Solution
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.