Smart Factory Market 2016: Market Segments, Landscape, Company Profiles, Demand and Forecast – 2022
Market Research Future published a Half Cooked Research Report on Smart Factory Market. Market Highlights
In this rapidly changing environment, companies are expanding their scale of operations by increasing investments industrial internet of things( IoT) and innovation. In smart factory market innovation is a key driver. Internet of things( IoT) is considered as a major component with respect to Smart Factory therefore industries adopting Internet of Things has increased the demand for Smart Factory.
The smart factory contributes to numerous advantages over the conventional manufacturing and production methods. It includes Cyber physical systems( CPS) and Flexible production system. The Cyber Physical Systems( CPS) enables to determine the activities, production conditions and communicate wirelessly with other units. The flexible production system enables to respond in real-time conditions and allow in-house production processes to be completely optimized.
Smart Factory Market is growing rapidly over 9 % of CAGR and is expected to reach at USD 73 Billion by the end of forecast period.
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Key Players:
� Siemens AG( Germany), � ABB Ltd.( Switzerland), � Emerson Electric Company( U. S.), � Robert Bosch GmbH( Germany), � General Electric Company( U. S.), � Honeywell International, Inc.( U. S.), � Cognex Corporation,
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