� Oracle Corporation( U. S.), � IBM Corporation( U. S.), � Yokogawa Electric( Japan), � Ametek, Inc.( U. S.), � Rockwell Automation, Inc.( U. S.) � Fanuc( Japan)
Smart Factory Market Segmentation
The Smart Factory Market has been segmented on the basis of component, technology, and end user. Looking through the industry segments it has been observed that manufacturing industry and automotive industry would expect a substantial increase in smart factory market. There has been a trend of automated and technologically developed vehicles, which has resulted to increase in smart factory market in the automotive sector.
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Market Research Analysis: Market Research Future Analysis shows that there are many organizations which are lagging but the study indicates huge opportunities for smart factory market in the forecast period. It has been observed government is taking initiatives, providing investments for developments in smart factory. The major benefits of Smart Factory are efficient production, quality and lower power consumptions. These factors would definitely increase the smart factory market.
In recent news, Midea reveals that they have invested 5 Billion yuan in building smart factories in several Chinese cities using approximately 1,500 robots. The vice president also mentioned that their goal is to build more intelligent smart factories.
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