Press Release

Smart Factory Market Expands with Industrial Robotics Segment at a robust CAGR of 8.89%

The increasing global smart factory market is driven by advancements in industrial IoT (IIoT) and connectivity, rising demand for operational efficiency and cost reduction during the forecast period 2025-2029


According to TechSci Research report, “Smart Factory Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029, The global Smart Factory market is witnessing a profound and transformative evolution, revolutionizing manufacturing processes across industries worldwide. Smart factories, also known as Industry 4.0, represent the integration of cutting-edge technologies and digital solutions into manufacturing operations to achieve enhanced efficiency, productivity, and quality control. These technologies include Industrial Internet of Things (IIoT), advanced automation, data analytics, artificial intelligence, and more, collectively driving the market's growth. A key driving force behind the Smart Factory market's expansion is the adoption of Industry 4.0 principles. Industry 4.0 underscores the importance of digital transformation, automation, and interconnectivity in modern manufacturing. It serves as the foundation for smart factories, fostering real-time data exchange, predictive maintenance, and streamlined operations.  One driving force behind the expansion of the smart factory market is the increasing adoption of Industrial Internet of Things (IIoT) technologies. IIoT facilitates the connectivity of machines, sensors, and systems in manufacturing settings, allowing for real-time data collection and analysis. This trend is fueled by the desire to improve operational efficiency, optimize resource usage, and enhance product quality. IIoT enables predictive maintenance and remote monitoring, minimizing downtime and lowering maintenance expenses. Moreover, it empowers the implementation of advanced analytics and artificial intelligence, leading to insights that optimize production processes. As companies strive to maintain competitiveness in a rapidly changing business landscape, the adoption of IIoT is projected to rise, further propelling the growth of the smart factory market. This trend is accompanied by the challenge of cybersecurity threats. The increasing connectivity and digitization of manufacturing systems make smart factories vulnerable to cyberattacks and data breaches. Threat actors may target critical infrastructure, risking disruption to production and supply chain integrity. Protecting smart factory environments demands robust cybersecurity measures, including network segmentation, encryption, and threat detection. Additionally, promoting cybersecurity best practices and investing in employee training are essential to mitigate risks such as social engineering. As cyber threats evolve, addressing cybersecurity challenges remains a top priority for manufacturers and stakeholders. Balancing the benefits of IIoT adoption with the need for robust cybersecurity measures poses a significant challenge for organizations striving to leverage smart manufacturing technologies while safeguarding against cyber risks.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Smart Factory Market."


The global Smart Factory market is segmented into product, technology, end user industry, and region. Based on end user industry, automotive dominated in the global smart factory market in 2023. The automotive industry is characterized by high-volume production, demanding precision, speed, and efficiency. Smart factories are tailor-made to meet these demands by optimizing production processes, reducing waste, and enhancing quality control. The automotive sector relies on intricate and global supply chains with a multitude of components and sub-assemblies. Smart factories leverage technology to streamline the supply chain, manage inventory, and ensure just-in-time delivery of parts, all of which are essential for automotive manufacturing. Automation is at the heart of smart automotive manufacturing. Robots and automation technologies are extensively used in assembly lines, painting, welding, and quality control. The automotive industry's extensive use of industrial robots exemplifies the level of automation in smart factories. 

North America is emerging as the fastest-growing region in the smart factory market because North America boasts a robust ecosystem of technology companies, research institutions, and innovation hubs, fostering a culture of technological advancement and entrepreneurship. With a strong emphasis on research and development (R&D), North American companies are at the forefront of developing cutting-edge technologies such as industrial automation, robotics, artificial intelligence (AI), and Internet of Things (IoT) solutions, which are foundational to smart factory implementations. Governments at the federal, state, and local levels in North America are actively supporting initiatives aimed at promoting innovation, advanced manufacturing, and economic growth. Through funding programs, tax incentives, grants, and partnerships with industry stakeholders, governments are incentivizing companies to invest in smart factory technologies and modernize their manufacturing facilities. These initiatives create a conducive environment for innovation and entrepreneurship, driving the rapid growth of the smart factory market in North America. North America has a diverse and robust manufacturing sector spanning various industries, including automotive, aerospace, electronics, pharmaceuticals, and consumer goods. With a focus on efficiency, quality, and innovation, North American manufacturers are increasingly turning to smart factory solutions to optimize their production processes, reduce costs, and meet evolving customer demands. The region's strong manufacturing base provides a fertile ground for the adoption of smart factory technologies, driving market growth.

Key market players in the global Smart Factory market are: -


  • ABB Ltd.
  • Siemens AG
  • Bosch Rexroth AG
  • GE Group
  • Mitsubishi Electric Group
  • Rockwell Automation Inc.
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • Schneider Electric SE
  • Emerson Electric Co.

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“The global Smart Factory market is experiencing a rapid and profound transformation, reshaping manufacturing processes across industries. Smart factories, driven by advanced technologies like the Industrial Internet of Things (IIoT), automation, and data analytics, are optimizing efficiency, productivity, and quality control. Key components such as Industrial Robotics, Manufacturing Execution Systems (MES), and Programmable Logic Controllers (PLC) are the foundation of smart manufacturing. Industries ranging from automotive to pharmaceuticals are embracing these innovations to enhance product customization, innovation, and meet strict quality standards. Sustainability is a driving force, as manufacturers reduce waste and energy consumption. The Asia Pacific leads the way, with strong manufacturing traditions and government support, making it a dominant player in this transformative market. The future of manufacturing is becoming increasingly connected and data-driven, poised for substantial growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Smart Factory Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product ( Machine Vision Systems, Industrial Robotics, Control Devices, Sensors, Communication Technologies, Others), By Technology (Product Lifecycle Management, Human Machine Interface, Enterprise Resource & Planning, Distributed Control System, Manufacturing Execution System, Programmable Logic Controller, Supervisory Controller & Data Acquisition), By End User Industry (Automotive, Semiconductors, Oil & Gas, Chemical & Petrochemical, Pharmaceutical, Aerospace & Defense, Food & Beverage, Mining, Others), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of Global Smart Factory Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Smart Factory Market.


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