Lucintel Forecasts the Global Smart Factory Market to Reach $215.7 billion by 2030
Lucintel Forecasts the Global Smart Factory Market to Reach $215.7 billion by 2030
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According to a market report by Lucintel, the future of the global smart factory market looks promising with opportunities in the automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, and mining markets. The global smart factory market is expected to reach an estimated $215.7 billion by 2030 from $125.1 billion in 2024, at a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are rising demand for industrial robots and growing adoption of IoT and artificial intelligence in industrial market.
A more than 150-page report to understand trends, opportunity and forecast in smart factory market to 2030 by type (machine vision systems, industrial robotics, control devices, sensors, communication technologies, and others), technology (product lifecycle management, human machine interface, enterprise resource planning, manufacturing execution systems, distributed control systems, supervisory controller and data acquisition, and programmable logic controller), end use industry (automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the technology category, programmable logic controller is expected to witness highest growth over the forecast period due to its increasing demand from semiconductor, automotive, and food and beverage industries.
Within the end use industry category, automotive will remain the largest segment due to the growing demand for complex and demanding manufacturing processes in this industry.
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In terms of region, APAC will remain the largest region due to the rapid economic growth, increasing urbanization, and growing demand for e-commerce platforms in the region.
ABB, Siemens, General Electric, Rockwell Automation, Schneider Electric, Honeywell International, Emerson Electric are the major suppliers in the smart factory market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1–972–636–5056
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