Smart Factory Market by Component: Industrial Sensors, Industrial Robots, Industrial 3D Printing & Machine Vision Systems
Introduction
The smart factory powered by the convergence of IoT, AI, advanced robotics, additive manufacturing, and machine vision represents the next phase of industrial transformation. As manufacturers pursue productivity gains, flexible production, and predictive maintenance, component technologies such as industrial sensors, industrial robots, industrial 3D printing (additive manufacturing),...
AI in Manufacturing Market in the USA Projected to Hit $6.08 Billion by 2028
The artificial intelligence (AI) market in the U.S. manufacturing sector is on a remarkable growth trajectory, with forecasts indicating it will reach a valuation of $6.08 billion by 2028. This surge is being driven by the rapid adoption of AI-powered technologies that are transforming traditional manufacturing processes into intelligent, connected, and highly efficient systems. As manufacturers across...
Reasons for Steady Growth in Smart Factory Market
Industrial automation is the process of optimizing energy efficient drive systems through precise control and measurement technologies. Increasing demand for power and environmental concerns has created demand for energy efficient solutions in factory automation segment of different industries. As a result, more and more enterprises are adopting advanced smart factory automation technologies. Smart...
North America expected to hold the second-largest share of the smart factory market during the forecast period
This region is a key smart factory market as it is home to some of the largest multinational corporations operating in this market, including the majority of the leading players. The increased R&D in the field of IoT for new and improved technologies, as well as the increasing demand for improved lifestyle are the two crucial factors driving the market in North America. In addition, rising demand...