Stratview Research has published a market research report on the Smart factory market. This strategic assessment report intends to provide a thorough overview that reflects today's Smart factory market realities as well as future market potential from 2021 to 2026. The report segments and analyses the market and provides a bird-eye view of the market. According to the report, the market is segmented By Product (Machine Vision Systems, Industrial Robotics, Control Devices, Sensors, Communication Technologies, Others), By Technology (Product Lifecycle Management (PLM), Human Machine Interface (HMI), Enterprise Resource and Planning (ERP), Manufacturing Execution System (MES), Distributed Control System (DCS), Supervisory Controller and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Others), By End-Use (Automotive, Semiconductors, Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Aerospace and Defense, Food and Beverage, Mining, Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

Smart factory market is projected to grow from USD 78.2 billion in 2020 to USD 147.0 billion by 2026 at a CAGR of over 11.3% during the forecast period. The prime factor that is contributing to the demand are growing practice for modern base for manufacturing, better efficiency of manufacturing, and strong high focus on energy consumption are likely to boost the market growth.

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Segment-wise Analysis

The report’s segments are based upon geographics, applications, product etc. It highlights the different driving factors and recognizes the most-attractive segments and sub-segments. The segmentation will not only help venders to be more efficient in terms of resources but will also allow companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

Key players

Besides detailed information about the market, businesses also need information about one's competitors, customers, products, latest market trends, and key players active in the market.

The report mentions a list of key players active in the Smart factory market. Here are they –

• ABB Ltd (Switzerland)
• Cognex Corporation (US)
• Siemens AG (Germany)
• Schneider Electric (France)
• Rockwell Automation Inc. (US)
• Honeywell International Inc. (US)
• Robert Bosch GmbH (Germany)
• Yokogawa Electric Corporation (Japan)

Critical Questions Answered in the Report-

• What are the key trends in the global smart factory market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next the five years?
• What is the impact of COVID-19 on the smart factory market?
• What are the key strategies adopted by the major vendors to lead in the smart factory market?
• What is the market share of the top vendors?

Know more about the report, click here – https://www.stratviewresearch.com/2712/smart-factory-market.html

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