Press release
Key Factor Supporting Global Smart Factory Market Development in 2025: Industrial Robots Fueling Growth In The Smart Factory Market
Smart Factory Market
How Large Will the Smart Factory Market Size By 2025?
The market size of the smart factory has seen solid growth in the past few years. Its expansion from $82.07 billion in 2024 to $88.81 billion in 2025, at an annual compound growth rate (CAGR) of 8.2%, is noteworthy. This growth during the past period can be tied to the acceptance of industry 4.0 and digital transformation, rising adaptation of data analytics and big data, automation and robotics, cyber-physical systems, along with cloud and edge computing.
How Big Is the Smart Factory Market Size Expected to Grow by 2029?
The market size of smart factories is projected to experience substantial growth in the upcoming years. By the year 2029, it is slated to reach a whopping $141.03 billion, thanks to a compound annual growth rate (CAGR) of 12.3%. Factors that contribute to this estimated growth during the forecast period include assistance and regulatory measures from government bodies, an enhanced focus on sustainability, resilience and visibility of supply chain, manufacturing solutions that are scalable and flexible, and increased attention to cybersecurity. The period under forecast is also likely to witness trends such as production customization and personalization, remote management and monitoring, sustainable methods of manufacturing, human-centric designs in the cooperation between humans and machines, intelligent sensors and movement devices, and cooperative robotics (cobots).
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Which Key Market Drivers Powering Smart Factory Market Expansion and Growth?
The rise in demand for industrial robots is projected to fuel the expansion of the smart factory market in the future. Industrial robots are mechanical devices designed to automate various manufacturing tasks in an industrial setting. Smart factories concentrate on resource optimization and industrial automation, utilizing tools like information and smart sensor technologies, robotics, Internet of Things (IoT), and artificial intelligence. For instance, from data reported by Germany's non-profit organization, the International Federation of Robotics, in September 2024, industrial robot installations had a significant increase, hitting a global record of 3.9 million operational robots in 2022. Therefore, this increased demand for industrial robots is the driving force behind the growth of the smart factory market.
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Which Fast-Growing Trends Are Poised to Disrupt the Smart Factory Market?
The adoption of technological innovation is a growing trend in the smart factory industry. Leading companies in this sector are employing cutting-edge technologies to refine their manufacturing process and boost efficiency. For instance, in July 2024, Hexagon AB, an industrial technology firm based in Sweden, unveiled its Digital Factory solution. This allows manufacturers to design accurate digital duplicates of their factories for improved production and effectiveness. By reducing costs and avoiding errors in factory design and build, this solution can potentially save manufacturers millions each year. Hexagon exploits its proficiency in precise reality capture, 3D modeling software, and cloud-based cooperative tools to confront the unique hurdles of the manufacturing sector. While digitalization has been widely used in areas such as civil infrastructure and public safety, its potential in manufacturing, specifically for owners of brownfield sites, is yet to be fully exploited.
What Are the Emerging Segments in the Smart Factory Market?
The smart factorymarket covered in this report is segmented -
1) By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products
2) By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services
3) By Industry Vertical: Automotive, Aerospace And Defense, Electrical And Electronics, Food And Beverages, Energy And Utilities, Healthcare And Pharmaceuticals, Other Industry Verticals
Subsegments:
1) By Machine Vision Systems: 2D Machine Vision, 3D Machine Vision, Vision Sensors, Frame Grabbers, Vision Software
2) By Industrial Robotics: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Gantry Robots
3) By Control Devices: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA) Systems, Human-Machine Interface (HMI) Devices
4) By Sensor Communication Technologies: Wired Communication, Wireless Communication, Industrial Internet Of Things (IIoT) Protocols
5) By Other Products: Advanced Analytics Software, Artificial Intelligence Solutions, Cloud Computing Services
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Who Are the Global Leaders in the Smart Factory Market?
Major companies operating in the smart factory market include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Cisco Systems Inc., Dassault Systèmes SE, Endress+Hauser AG, Kollmorgen Corp., Kuka AG, Omron Corporation, Oracle Corporation, Microsoft Corporation, PTC Inc., SAP SE, Hitachi Ltd., Amazon. com Inc., Fanuc Corporation, Cognex Corporation, FLIR Systems Inc., CoreTigo Ltd., Airbus Group Inc., Cellares Corp.
Which are the Top Profitable Regional Markets for the Smart Factory Industry?
Asia-Pacific was the largest region in the smart factory market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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