Market Highlights
The inclusion of robots to reduce the strain of manual labor on humans
is expected to incentivize the growth of the smart factory in 2020. The
semiconductor and electronics industry reports are produced by Market Research
Future, which highlights market options for expansion. An 11.7% CAGR is
predicted to provide the impetus for market growth in the forecast period.
The progress in the sensor technologies is estimated to open up new
areas for the expansion of the smart factory market. The improvement in the
adoption of robots in industries is expected further to stimulate the progress
of the smart factory market. The attractiveness of the internet of things (IoT)
is predicted to unlock favorable growth opportunities in the market.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2317
Segmentation:
The segmental investigation of the smart
factory market has been conducted on the basis of connectivity, services,
industry vertical, component, and region. On the basis of services, the smart
factory market is segmented into managed & professional services. Based on
the industry vertical, the smart factory market is segmented into aerospace
& defense, chemicals, automotive, oil & gas, electronics &
semiconductor, healthcare and pharmaceutical, and others. Based on the
components, the smart factory market is segmented into hardware and software.
On the basis of the connectivity, the smart factory market is segmented into
wireless connectivity and wired connectivity. Based on the regions, the smart
factory market is segmented into the Middle East & Africa, Asia-Pacific,
North America, South America, and Europe.
Competitive Landscape:
The establishment of a definite competitive
advantage is estimated to spur market development in the forecast period. The
inducements offered by the government are expected to display a positive
influence on the overall market development in the impending period. The
reinvention of the supply chains by integrating robust technology in them is
estimated to spur the advance of the market in the approaching period. The
state of technological development is estimated to be staggered as the
development of the global market is at a relative standstill. The effect of
unpredictable events has created substantial barriers that will have to
suitably addressed and overcome to achieve normalcy in the global market. The
need to invest in building a robust consumer base is estimated to rank on the
top priorities of market leaders for the upcoming period. The weakening of
trade channels is projected to present new challenges that have to be overcome
expediently in the coming years. The regulations in various regions can be
relied upon to rebuild market clout gradually in the future.
The central contenders in the smart factory
market are ABB Ltd, Rockwell Automation, Emerson Electric Co., Honeywell
International Inc., Robert Bosch GmbH, FANUC Corporation, Mitsubishi Electric
Corporation, General Electric Company (GE), Johnson Controls International PLC,
Schneider Electric, Siemens AG, Yokogawa Electric Corporation, Atos SE, Cognex
Corporation and Ubisense to name a few.
Regional Analysis:
The regional analysis of the smart factory market encompasses regions
such as the Middle East & Africa, Asia-Pacific, North America, South
America, and Europe. The North American region directed the smart factory
market in the year 2017, while the Asia-Pacific region is likely to be the
fastest increasing region in the smart factory market throughout the forecast
period. The European region is anticipated to be at the next position for the
smart factory market in terms of market share in the year 2017. The North
American region guides the market due to the existence of the international
corporations funding the R&D for the industrial Internet of Things (IIoT),
industrial automation, and cloud technology.
Industry News
April 2020 HGZN has collaborated with Hyundai Robotics to get on
a project to create a smart factory to produce robots in China. The
groundbreaking ceremony for the HGZN’s Intelligent Robot Industrialization
Project was conducted lately at the economic development zone in Haining. With
a well-built industrial city as its objective, HGZN is concentrating on
the smart robot industrialization development.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/smart-factory-market-2317
About
Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel
the complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market
Research Future (Part of Wantstats Research and Media Private Limited)
99
Hudson Street, 5Th Floor
New
York, NY 10013
United
States of America
+1 628
258 0071 (US)
+44
2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website:
https://www.marketresearchfuture.com
Comments
Post a Comment