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Smart Factory Market Share

Report ID: GMI1436
Published Date: Apr 2023
Report Format: PDF

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Smart Factory Market Share

Some of the leading smart factory market participants include:

ABB Ltd
Mitsubishi Electric
Cisco
Fujitsu
General Electric
Honeywell International,
Emerson Electric Co.

These firms are coming up with novel smart solutions in smart delivery and are constantly implementing partnerships and acquisitions for gaining competitive edges. For instance, Cisco, in February 2023, unveiled cloud services in IoT operations dashboard for augmenting the industrial asset visibility for securely managing the industrial assets while providing cloud automation for operational technology to the IoT customers.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of smart factory had reached over USD 110 billion in 2022 and will exhibit more than 9% CAGR from 2023 to 2032, due to the rising prominence of industry 4.0 investments.

The automotive end-use segment is poised to depict over 5% CAGR during 2023 to 2032, with the rising focusing of auto-makers on improving efficiency, reducing costs, and augmenting productivity.

North America market size will cross USD 80 billion by the end of 2032, owing to the thriving popularity of automated systems, mainly in Canada.

ABB Ltd., Mitsubishi Electric, Cisco, Fujitsu, General Electric, Honeywell International, and Emerson Electric Co are some of the well-known industry players.