Zion Market Research Smart Factory Market, 2015 - 2021 | Page 2

Smart Factory Market

The smart factory is the new trend in a manufacturing industry. It includes systems such as
cyber–physical technology, Internet of Things, and cloud computing. In cyber–physical system,
a process is handled by the computer which is connected to the Internet and its users. Physical
and software elements are weaved together. Internet of Things enables cyber–physical
mechanism to connect with each other and human beings in real-time. The smart factory
provides advanced and automated facilities to make manufacturing process faster, more
efficient, and safer. This is helping to minimize the gap between digital world and traditional
industrial manufacturing methods.
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The use of advanced machinery and manufacturing processes are increasing in the industries
worldwide, companies are focusing on lesser energy consumption, efficient production practices,
use of robots, and RFID are some factors contributing to the global smart factory
market growth. Automation helps industries to use every minute of the production time to its
fullest by streamlining the processes. Due to Internet of Things, machines are connected to each
other and its users, this reduces time wastage and decisions can be taken in real-time.
Additionally, manufacturing can be done smoothly without any disturbance as the entire process
is digitized. All these advantages are forcing industries to have smart factories.