Smart Factory Market Global Industry Analysis By Size, Growth Rate, Share, COVID-19 Impact and Trends With Forecast To 2026
                     Smart Factory Market Global Industry Analysis By Size, 
Growth Rate, Share, COVID-19 Impact and Trends With 
Forecast To 2026
Smart Factory Market By Component (Sensors, Industrial Robots, Industrial 3D Printing, 
Machine Vision), Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI, RAM), End- User 
(Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electrical & Electronics,  
Automotive & Transportation, Chemical, Pharmaceuticals,  Mining & Metals, Food & 
Beverages, Electric Power Generation), Geography (North America, South America, 
Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Report Description
Global Smart Factory Market is expected to rise from its initial estimated value of USD 
142.56 billion in 2018 to an estimated value of USD 260.17 billion by 2026, registering a 
CAGR of 7.81% in the forecast period of 2019-2026. Increasing adoption of robots in 
manufacturing industries is driving the growth of this market.
Smart factory is an advanced factory where the machines and equipment can improve 
the process by automation and self- optimization. They not only improve the productivity 
but also improve the product development and supply chain logistics. These days, there 
is increase in the adoption for industrial robots which is the major factor fuelling the 
market growth.
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Major Key Players
Some of the major players operating in this market are : 
• Siemens
• GENERAL ELECTRIC, ABB
• Rockwell Automation, Inc.
• Schneider Electric
• Honeywell International Inc.
• FANUC CORPORATION
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Yokogawa India Ltd
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Market Segmentation
• By Component (Sensors, Industrial Robots, Industrial 3D Printing, Machine 
Vision)
• By Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI, RAM)
• By End- User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, 
Electrical & Electronics,  Automotive & Transportation, Chemical, 
Pharmaceuticals,  Mining & Metals, Food & Beverages, Electric Power 
Generation)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
      North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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