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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